Strike it when it's hot: potential M&A candidates can be good buys; Porinju's latest multibagger bet is a smallcap

ET Markets Daily Brief | Mon, Mar 27, 2017 | 04:05 PM IST Follow ET Markets

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Porinju Veliyath buys over 2 lakh shares in this smallcap firm; should you buy too? Porinju Veliyath, MD & Portfolio manager of Equity Intelligence India said that it was his personal investment on a potential turnaround of the business Bahubali gaining weight: MRF surpasses Rs 60,000 for first time ever Shares of the company opened at Rs 59,250 and touched its fresh all-time high of Rs 60,140. The scrip was trading 1.35% up at Rs 59,982.90. F&O watch: Call writing at 9,000, 9,050 & 9,100 restricting Nifty's upside momentum The index has immediate support near strike price 9,020 and below that it may see a decline towards the 8,950 level. On the upside, it needs to hold above 9,075.

Interview One to One Have a bifocal vision with one eye on the long term India opportunity and the other on the short term issues, says Sh... Rashesh Shah , Edelweiss Group

Advertorial Why is everyone talking about affordable housing? India's urban population is growing at an average 2.1% every year since 2015.

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Market Watch 27 Mar | 04:05PM| SENSEX NIFTY USD/INR GOLD 29237.15 ↓-184.25 9045.20 ↓-62.80 65.08 ↓-0.34 28901.00 ↑108.00

Gainers Losers 27 Mar, 2017, 04:05PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low

Tweet of the day... Yen on comeback trail as momentum builds for a breach of 110

FROM THE NEWSPAPER

BLOG: Look who moved the market all through Monday Asian markets looked tentative this morning while US equity index futures fell to a six-week low in signs Wall Street would start the week defensively after Republicans pulled legislation to overhaul the US healthcare system in a stunning setback for President Donald Trump. Will it rub off on an otherwise bullish Dalal Street? Watch this space as we bring you all the action in a live blog from Dalal Street. Dear Yogi Adityanath, votes alone do not make great leaders. Here's why Many successful vote catchers fail to become even moderately successful administrators and some very good administrators are liabilities in electoral politics. Strike it when it's hot: GST-linked sectors, banks, IT can be good bets for M&As Oil & gas, banking, mid-sized IT and GST-linked sectors such as leather and ceramics could witness a spare of M&A deals, analysts said in an ETMarkets.com poll. Donald Trump-fuelled stock rally may be coming to an end; these charts tell you why Short interest as a percentage of shares outstanding in the SPDR S&P 500 ETF has more than doubled this month, to 2.5%, according to data compiled by Markit. Beware! Your favourite stocks may not beat market return in next rally Market valuations have been propelled mainly by ultra-low global interest rates in the post-Lehman era, even as earnings have remained subdued.

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