Finance and insurance corporation Muthoot Finance has received RBI approval to open 115 new branches, a stock exchange filing revealed. Granting permission, the Reserve Bank of India has asked Muthoot to provide details of the new branches. “The company is also advised to ensure suitable arrangements for security and for storage of gold jewellery, including […]
Foreign Institutional investors (FIIs) are expected to continue selling as the Indian equity markets still appear somewhat expensive, according to Kotak Institutional Equities. Pratik Gupta, CEO and Co-head at Kotak Institutional Equities, said that Nifty 50 remains somewhat expensive at a price to earnings multiple of 19 times based on March 2026 earnings estimates, which […]
Shares of M&M, Bharti Airtel, Bajaj Finance, Adani Enterprises, and Adani Ports traded among top gainers of Nifty 50 pack, while Hindalco, Dr Reddy’s Laboratories, Trent, TCS, and Sun Pharma dragged. The stock market witnessed a mixed trend on Tuesday, rebounding from previous day’s loss. Metal, realty, PSU Bank, IT and pharma stocks traded in […]
Target: ₹345 CMP: ₹354.65 In our May 9, 2024, report Risk to pace of execution, we highlighted that Tata Power is a resilient organisation but that a run-up in stock price was pricing in execution of multiple projects and events outside the company’s control. These included: weakness in power demand impacting growth projections; slower […]
Investment in stocks is a preferred primary investment choice among young Indians under 35 years of age, signalling a shift towards direct equity investments over traditional savings instruments, a survey on Investor Behaviour Index (IBI, 2025) by investment advisory StockGro in collaboration with 1Lattice, revealed. “The Investor Behaviour Index 2025 highlights a remarkable transformation in […]
The asset and wealth management space has been warming up of late with merger and acquisitions. Last month, 360 One WAM (formerly IIFL Wealth Management) entered into a definitive agreement to acquire Batlivala & Karani Securities India Private Ltd and Batlivala & Karani Finserv Private Ltd for ₹1,884 crore. B&K is a leading mid-cap brokerage, […]
Foreign investors have pulled out over ₹23,710 crore from the Indian equity markets so far this month, pushing total outflows past ₹1 lakh crore in 2025 amid rising global trade tensions. Going forward, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, believes that revival of FPI investment in India will happen when economic growth […]
Target: ₹930 CMP: ₹669.60 Adani Energy Solutions (AESL) is set to post robust growth in its transmission, distribution, and smart meters businesses. Transmission EBITDA is likely to double to ₹7,600 crore by FY27, driven by India’s renewable energy (RE) target, 20-25 per cent market share in ₹84,000 crore near term transmission bid and an ₹54,800 […]
Target: ₹2,100 CMP: ₹1,747.60 Kirloskar Brothers Ltd (KBL) has posted a 19 per cent y-o-y revenue growth during the quarter, with a 23 per cent increase in the overseas business. Growth in the overseas segment was driven by strong performance in SPP UK and Dutch subsidiaries, while the company has observed traction in SPP US […]
Jio Financial Services and Zomato will enter Nifty50 index in place of Britannia Industries and Bharat Petroleum Corporation Ltd (BPCL), said a release from the National Stock Exchange. Nifty Next50 will see inclusion of seven stocks: Bajaj Housing, BPCL, Britannia, CG Power, Hyundai Motor India, Indian Hotels and Swiggy in place of Adani Total Gas, […]
Stock markets closed marginally lower for the third consecutive session on Tuesday, with the benchmark Sensex falling 203.22 points or 0.27 per cent to 75,735.96, while the Nifty 50 declined 19.75 points or 0.09 per cent to close at 22,913.15, amid concerns over potential US tariffs on Indian goods and hawkish signals from the Federal […]
Shares of Shriram Finance, NTPC, Mahindra & Mahindra, Adani Ports, and Hindalco topped the list of gainers among Nifty 50 components, while HDFC Bank, Maruti, Tata Consumers, Tech Mahindra and ITC depreciated. Leading the pack of gainers intraday was Shriram Finance, which surged 3.36 per cent to reach a last traded price (LTP) of ₹576.55. […]
Hexaware shares debuted at ₹745.50, at a 5 per cent premium over the offer price band on the NSE and ended the day at ₹755.75. On the BSE the share listed at a 3.14 per cent premium at ₹731, and closed at ₹763.85. Largest IPO The initial public offering (IPO) of the global IT services […]
Shares of Bharat Electronics, Larsen & Turbo, Axis Bank, Hindalco, and NTPC emerged as top gainers among Nifty 50 constituents on Wednesday’s intraday trading session. While, Dr Reddy’s Laboratories, TCS, Hindustan Unilever, Adani Enterprises and M&M shares lagged. The broader market slightly rebounded from early loss to trade flat. Sensex traded at 76,028.95 as at […]
The Securities and Exchange Board of India (SEBI) has proposed a SIM-binding mechanism to prevent unauthorised transactions in investors’ trading or demat accounts. This mechanism—similar to that of Unified Payments Interface (UPI) payments — will ensure that a user can login to their trading account once the unique client code (UCC) matches with the linked […]
Vinati Organics Limited, an Indian specialty chemicals manufacturer, announced today the incorporation of its wholly owned subsidiary, Vinati Organics USA INC, in Delaware, United States. The new entity was incorporated on February 13, 2025, with an authorized share capital of 5,000 shares at $100 par value each. The shares of Vinati Organics Limited were trading […]
Target: ₹600 CMP:₹324.85 Senco Gold’s reported Q3 EBITDA missed our estimate by about 500bps. However, most of the miss was led by hedging loss in the current quarter and hedging gain in the base quarter, as the adjusted gross margin (GM) decline was limited to only 100 bps. Q3 revenue growth at 22 per cent […]
KIOCL Limited, a Government of India Enterprise, reported a net loss of ₹4,779 lakhs for the quarter ended December 31, 2024, according to a regulatory filing made on February 13, 2025. This marks a significant downturn compared to the profit of ₹3,903 lakhs in the corresponding quarter of the previous year. The shares of KIOCL […]
Quality Power Electrical Equipments (QPEE), a company specialising in power equipments and solutions across transmission and distribution (T&D), is out with its IPO which is open until February 18. The IPO is a mix of fresh issue and offer for sale to the tune of ₹225 crore and ₹633.7 crore respectively, totalling to ₹858.7 crore. […]
The combined market valuation of eight of the 10 most valued domestic firms eroded by ₹2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a row […]
The recent Budget announcement has brought consumption into focus with the moderation of personal taxes. Consumer Durables is at the forefront of such a tilt. Havells India, a well-diversified Consumer Durables player, can be accumulated on dips for investors looking to ride the wave. Margin improvement is a key task for the company and valuations […]
At least two of the four current Whole-Time Members at the Securities and Exchange Board of India (SEBI) have applied for its top post upon the expiry of the term of current chairperson Madhabi Puri Buch, said two people familiar with the matter. Incumbent Chairperson Madhabi Puri Buch’s term will come to an end on […]
The Securities and Exchange Board of India (SEBI) will soon introduce revised disclosure norms for related party transactions (RPTs) for publicly listed companies, Chairperson Madhabi Puri Buch said on Friday. At the launch of a related party transactions (RPT) analysis portal, the SEBI Chief said that the industry standards forum (ISF), which includes industry associations […]
Equity markets tumbled in mid-day trading on Friday, with the benchmark indices extending their losses as selling pressure intensified across sectors. The BSE Sensex plunged 488.30 points or 0.64 per cent to 75,650.67, while the Nifty50 fell 185.40 points or 0.8 per cent to 22,846.00, significantly below its crucial support level of 23,000. The market […]
Religare Enterprises Ltd (REL), diversified financial services conglomerate, on Thursday said that its Executive Chairperson Rashmi Saluja has ceased to be a director of the company. Meanwhile, in another exchange filing said that it’s Board of Directors had at their Meeting on February 11 appointed Praveen Kumar Tripathi, Non-Executive Independent Director, as the Chairperson of […]
Standard Glass Lining Technology Limited (SGLTL) reported a 33 per cent year-over-year revenue growth to ₹45,493.22 lakh for the first nine months of FY25, in its first earnings announcement since going public. The Hyderabad-based company’s profit after tax grew 45 per cent to ₹5,215.86 lakh, with an EBITDA margin of 20.09 per cent. The company, […]
In a battered market retail investor confidence is faltering as heightened volatility slows active client additions and new demat account openings. Data from the National Stock Exchange (NSE) reveals a significant drop in active investor numbers across major brokers, indicating that uncertainty is driving investors away. The second-largest discount broker, Zerodha, saw over 37,000 active […]
Vidysea Education Private Limited, a Noida-based AI-powered study abroad guidance platform, has secured $1 million in seed funding led by Zee Learn Limited (ZLL) and Aarvi Family LLP, with additional participation from founders and other shareholders. The shares of Zee Learn Limited (ZLL) were trading today at ₹7.50 down by ₹0.05 or 0.66 per cent […]
SEBI on Tuesday mandated brokers to establish a separate business unit (SBU) to trade in government securities (G-Secs) through the Negotiated Dealing System–Order Matching (NDS-OM). This follows the Reserve Bank of India’s announcement at the recent monetary policy briefing to extend access of NDS-OM to non-bank brokers to facilitate retail participation. NDS-OM is an electronic […]
FSN E-Commerce Ventures (Nykaa) shares traded at ₹170.67, up 0.73 per cent on NSE at 11.35 AM on Tuesday, even as its third-quarter net profit missed market expectations. Morgan Stanley maintained an ‘Overweight’ rating with a target price of ₹200, while JM Financial set a higher target of ₹240, citing the company’s strong performance in […]
Less than a year after its listing, the Securities and Exchange Board of India (SEBI) has barred Kalahridhaan Trendz, along with its managing director Niranjan D Agarwal and two others, from the securities market for alleged lapses in material disclosures and false and misleading communications to stock exchanges. The investigation, which was triggered after HDFC […]
Glenmark Pharmaceuticals announced today that it has received approval from the UK’s Medicines and Healthcare products Regulatory Agency (MHRA) to market Winlevi, a topical acne treatment. The drug, which targets patients aged 12 and older, is the first new topical acne treatment with a novel mechanism of action in nearly 40 years. The shares of […]
Share prices of Tata Steel Ltd., Bharti Airtel Ltd., Zomato Ltd., Mahindra & Mahindra Ltd. (M&M), and UltraTech Cement Ltd. emerged as the top gainers on Friday. Among the laggards were shares of ITC Ltd., State Bank of India (SBI), Adani Ports and Special Economic Zone Ltd., Tata Consultancy Services Ltd. (TCS), and ICICI Bank […]
Equity markets closed lower on Wednesday despite the Reserve Bank of India’s (RBI) first rate cut since May 2020, as investors remained concerned about global trade tensions and continued foreign institutional investor (FII) outflows. The BSE Sensex fell 197.97 points or 0.25 per cent to close at 77,860.19, while the Nifty 50 declined 43.40 points […]
Glenmark Pharmaceuticals (₹1,543.35) Attempting a U-turn The stock of Glenmark Pharmaceuticals, which has been in a downtrend since October last year, now seems to be turning its direction northward. It has found one support at ₹1,400 bouncing against which the price is now above 50- and 100-day moving averages. While there might be a minor […]
Shares of BSE Ltd gained 3 per cent on Friday’s trade as its net profit doubled to ₹220 crore for the quarter ended December 2024, and revenue jumped 94 per cent to ₹835.4 crore. The stock closed 2.54 per cent positive on the NSE at ₹5,709 after hitting an intraday high of ₹5,748.70. Bullish brokerages […]
The Securities and Exchange Board of India (SEBI) recently came out with a new disclosure regulation for mutual funds with regard to Risk Adjusted Returns, which should represent a more holistic measure of a scheme’s performance. It asked the fund houses to disclose Information Ratio for their schemes on daily basis. “Considering the significance of […]
Thomas Cook India has partnered with Tourism Malaysia to host a high-profile MICE (Meetings, Incentives, Conferences, and Exhibitions) event in Mumbai on February 7, 2025, targeting corporate travel opportunities. The event attracted over 30 CXOs and senior executives from multinational corporations and Indian companies across banking, pharmaceutical, and electronics sectors. Ther shares of Thomas Cook […]
Target: ₹4,026 CMP: ₹3,410.75 Titan Company’s Q3-FY25 print was in-line with our estimates while higher gold coin sales and lower studded have impacted margin. Console. Revenue/EBITDA grew at 25.2/7 per cent while PAT declined by 0.6 per cent respectively. Jewellery division (excluding bullion sales) reported strong growth of 26.6 per cent led by wedding related […]
Indian equity markets deepened their losses in afternoon trading on Thursday, with the benchmark Sensex falling 298.40 points or 0.38 per cent to 77,972.88, while the broader Nifty declined 96 points or 0.41 per cent to 23,600.30 as of 12:35 PM. The market breadth remained positive with 1,952 stocks advancing against 1,790 declines on the […]
Net profit of brokerages to hit by 400 basis points on account of various regulatory changes announced in the last few months said, a report by CareEdge Ratings. Per CareEdge Ratings’ latest research on stockbrokers, the industry’s revenues are likely to grow at a slower pace of 13 per cent in FY25. “These changes […]
Indian equity benchmarks reversed early gains to trade lower in afternoon trading on Monday, as selling pressure in consumer stocks offset strength in healthcare and metal counters. The BSE Sensex fell 225.44 points or 0.29% to 78,358.37, while the NSE Nifty declined marginally by 19.30 points or 0.08% to 23,719.95 around 12:51 PM. The broader […]
Target: ₹660 CMP: ₹506.55 Adani Power (APL) is India’s second-largest thermal power generation company after NTPC, on its journey to raise capacity by 1.7x from 17.6 GW to 30.7 GW by 2030. Land requirements and financing plans are in place. Close co-ordination with BHEL for equipment delivery and in- house EPC are ensuring capex is […]
Castrol India’s shares climbed significantly in today’s trading, reaching ₹187.75 with heavy trading volumes of 198.20 lakh shares as of 1.10 PM. The surge follows the company’s announcement of a 12 per cent year-on-year increase in net profit to ₹271 crore for Q3 FY25. The company reported revenue from operations at ₹1,354 crore for the […]
Krystal Integrated Services Limited has received an upgrade in its credit rating from Crisil for its bank facilities. Crisil has upgraded its long-term rating to A-/stable from BBB+/positive and short-term rating to A2+ from A2. This reflects the company’s strong financial health, operational excellence and sustained business growth. The total bank facilities rated have increased […]
Results calendar: Power Grid Corporation, Divis Laboratories, General Insurance Corporation, Tube Investment, Sundaram Finance, Aditya Birla Capital, Premier Energies, KPR Mill, NLC India, Gland Pharma, Tata Chemicals, Poly Medicure, KEC International, Garden Reach Shipbuilders, Alembic Pharma, Castrol, DOMS Inds, HFCL, Paradeep Phosphates, Shriram Pistons, Welspun Enterprises, Religare Enterprises, Man Infra, Thomas Cook, Dhanuka Agritech, Sky […]
The exodus of Foreign Portfolio Investors (FPIs) from Indian equity markets continued unabated in January 2025, with net outflows touching ₹78,027 crore, according to depositories data. Except for one session, FPIs remained net sellers throughout the month, as the Trump trade effect drove capital away from emerging markets. Despite the sustained selling spree, the Indian […]
The Budget has raised the tax on long-term capital gains (LTCG) for listed bonds, debentures and listed preference shares to 12.5 per cent from 10 per cent for foreign institutional investors in line with listed shares and equity oriented mutual funds. “It was seen that while the rates of taxation in the case of specified […]
After the stupendous rally in 2022-23, defence stocks ran out of favour in 2024. With several of the frontline defence stocks such as Hindustan Aeronautics Ltd, Mazagon Dock Shipbuilders, Bharat Electronics, Garden Reach Shipping and Engineers falling by up to 50 per cent from their peak levels, a lot of hope was pinned to the […]
The FMCG and consumer durables sectors are emerging as top performers in today’s trading session, with the Nifty FMCG index surging 4.25 per cent and consumer durables rising 2.39 per cent as of 1.20 pm following the announcement of Union Budget 2025. The rally was primarily driven by expectations of increased rural and urban consumption […]
Mutual funds and insurance companies continue to hold fort at the equity market and manage to prevent a sharp fall even as the foreign portfolio investors (FPIs) are dumping their investments. FPIs have been withdrawing significant investments from the Indian market as the uncertainty over the US election settling and business-friendly President Donald Trump taking […]
Indian equity benchmarks extended their gains in mid-day trading on Friday, with both Sensex and Nifty hitting new intra-day highs, driven by strong performance in consumer and retail stocks ahead of the Union Budget 2025. The BSE Sensex climbed 564.77 points or 0.74 per cent to 77,324.58, while the NSE Nifty rose 207.35 points or […]
India’s stock market is witnessing a significant demographic shift, with nearly 50 per cent of new demat account holders since March 2020 being under 30 years, according to the latest National Stock Exchange (NSE) data. This surge has pushed the total number of active investors to 10.7 crore as of November 2024, with 7.6 crore […]
The equity benchmarks maintained their upward momentum in Thursday afternoon trading, with both the Sensex and Nifty posting gains amid mixed global cues following the US Federal Reserve’s rate pause decision. The 30-share BSE Sensex traded higher by 278.34 points or 0.36 per cent at 76,811.30, while the broader NSE Nifty rose 115.85 points or […]
A regulatory ceiling on overseas investment have cost mutual fund investors dearly, especially in the last one year. Fund houses were directed to stop taking fresh subscriptions in schemes that invest in overseas securities from February 1, 2022, as the $7 billion limit set by RBI for such investment was close to being breached. Last […]
Shares of Kaynes Technology Ltd surged 7.07 per cent to ₹4,990.90 on the NSE at 1:17 PM on Wednesday. The company reported a robust financial performance for the third quarter of FY25, with net profit surging 47 per cent year on year (y-o-y) to ₹665 million. The company’s revenue for the quarter stood at ₹6,612 million, […]
Blackstone Inc is gearing up to file the draft papers for the launch of its office-based real estate investment trust (REIT) in India, sometime in February, sources said. With a size of $700-750 million, this will be the country’s largest REIT. The US-based asset manager is also understood to have appointed Kotak Mahindra Capital Company […]
Bengaluru-based wealth-tech platform Elever launched its Portfolio Management Services (PMS), introducing four different investment schemes to deliver consistent returns through quantitative investment strategies. The SEBI-registered firm targets to achieve ₹1,000 crore in assets under management within two years. The new offering includes FactorAlpha PMS, FactorAlpha SmallCap PMS, FactorShields PMS, and FactorIncome PMS, each designed for […]
Florida-based businessman Danny Gaekwad has written to the Board of Religare Enterprises Ltd (REL) conveying his intent to launch a competing offer to the Burman Group’s open offer, which opened on Monday. The letter, received by REL on Monday, follows Gaekwad’s communication to SEBI Chairperson on Sunday, in which he sought permission to waive certain […]
Equity markets deepened their losses in Monday afternoon trade, with the Sensex falling 499.19 points or 0.66 per cent to 75,691.27 and the Nifty declining 158.10 points or 0.68 per cent to 22,934.10, as foreign institutional investors continued their selling spree. The broader market witnessed significant selling pressure, with the Nifty Next 50 dropping 1.64 […]
LIC Mutual Fund has launched a dynamically managed Multi Asset Allocation Fund that will invest in equity, debt and gold. The New Fund Offer will close on February 7. The scheme aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, debt and money market instruments and […]
The ₹220.50-crore initial public offering of Denta Water and Infra Solutions saw an overwhelming response subscribing 221.52 times. The IPO, which came out with a price band of ₹279-294 a share, received bids for 116.30 crore shares against the offered 52.50 lakh shares. The IPO was entirely a fresh issue of up to 75 […]
Hindustan Unilever (₹2,368.90) At a long-term support The stock of Hindustan Unilever, since September last year, has been in a steady decline. In the second half of December, it formed a morning star pattern on the weekly chart, hinting at bullish reversal. However, the price fell further. That said, last week, the stock rebounded from […]
Q3 results today live updates 25th January 2025: Find all the latest updates related to the FY25 Q3 results of ICICI Bank, IDFC Bank, Yes Bank, NTPC Green Energy, Orient Bell, JK Cement, Transport Corporation of India and a few more companies.
The markets experienced a significant downturn on Friday, with benchmark indices losing ground amid persistent concerns over corporate earnings and market sentiment. The Sensex shed 329.92 points, closing at 76,190.46, while the Nifty 50 depreciated 113.15 points to settle at 23,092.20. The day’s trading session began with initial optimism, but quickly turned volatile. Devarsh Vakil […]
Spandana Sphoorty shares hit lower circuit after it reported a net loss of ₹394 crore for the quarter ended December 2024 as compared to a profit of ₹118.27 crore in the corresponding quarter previous year. The company recorded a widened consolidated net loss of ₹440.19 crore in the quarter ended December 2024 as against net profit […]
Pidilite Industries stock gained 9 per cent on Thursday after reporting impressive growth volume in Q3 FY25. The stock closed 5.39 per cent higher on the NSE at ₹2,903.25, after hitting an intraday high of ₹2,997.20. The total market cap stood at ₹1,47,672.67 crore. On the BSE, the stock closed 5.57 per cent positive at […]
Krystal Integrated Services Limited (KISL) has won significant contracts with key Indian infrastructure organizations, the company announced today. The Mumbai-based facility management firm has secured contracts with the Airports Authority of India (AAI), Mumbai International Airport Limited (MIAL), and Maha Mumbai Metro Operation Corporation Limited (MMMOCL). The shares of Krystal Integrated Services Limited (KISL) […]
Investment platform Smallcase expects to turn profitable in the current year as it eyes more growth in the amount transacted on the platform, its Founder and Chief Executive Officer, Vasanth Kamath told businessline. Launched in July 2016, a smallcase is a basket or portfolio of stocks or exchange-traded funds (ETFs) representing an objective, theme, or […]
Shares of ICICI Prudential Life Insurance tanked 10 per cent to hit a low of ₹572 despite 43 per cent jump in Q3 net profit to ₹326 crore. Its net premium income for the quarter ended December 2024 rose to ₹12,261 crore, as against ₹9,929 crore a year ago, and the assets under management (AUM) […]
Kolkata Lumino Industries, a major player in the power EPC industry, has filed its draft red herring prospectus with capital markets regulator SEBI to raise₹1000 crore through initial public offering. The IPO, with a face value of ₹5, is a mix of fresh issues of shares up to ₹600 crore and an offer-for-sale up to […]
The shares of Vodafone Idea Limited (VIL) were trading at ₹9.52 down by ₹0.42 or 4.23 per cent on the NSE today at 11.55 am. Vodafone Idea Limited (VIL) clarified on January 20 that it has not received any communication from the government regarding a potential waiver of Adjusted Gross Revenue (AGR) dues worth over […]
The capital market regulator SEBI has cleared six applications for initial public offering to cumulatively raise about ₹11,000 crore and returned the filings of Anand Rathi Share and Stock Brokers. Last December, Anand Rathi Share and Stock Brokers filed its Draft Red Herring prospectus with SEBI for IPO to raise up to ₹745 crore. In […]
Indian Railway Finance Corporation (IRFC) shares extended their gaining streak to the fifth consecutive session on Monday, as investors await the company’s December quarter results scheduled for later in the day. The stock was trading at ₹146.85, up 0.66 per cent or ₹0.45. The state-run railway financier has recently secured significant business developments. Last Wednesday, […]
I have bought one lot of Sun Pharmaceutical 1800-put option for ₹29.85. Also, I bought two lots of HUDCO 215-put option for an average price of ₹6.6. Both are January expiries. What should be my target and stop-loss for these positions? – Anish Das Sun Pharmaceutical Industries (₹1,786.55): The stock, which has been on a decline since the beginning […]
Balkrishna Industries (₹2,704.40) Strong support ahead The stock of Balkrishna Industries has been gradually depreciating since August last year. But the price action indicates that the bears have lost traction in recent weeks. Going ahead, there is a possibility of further drop in price. However, the downside can be limited as the stock has a […]
I have shares of Asian Paints bought at ₹3,075. Should I continue to hold the stock or exit? P Narayanan Nair Asian Paints (₹2,260): After oscillating in a wide sideways range for more than three years, Asian Paints share price has tumbled since October last year. The crucial support level of ₹2,700 has been broken. There is […]
The units of Capital Infra Trust, an infrastructure investment trust (InvIT), made a flat market debut on Friday, listing at par with the issue price of ₹99. Later, it hit a low of ₹98.80 and a high of ₹99.49, before closing at ₹99.01 on the BSE. On the NSE, the units of InvIT closed at […]
Increased digital access, geopolitical tensions and climate-mitigation efforts are the primary trends expected to shape the future of jobs in India by 2030, according to the World Economic Forum’s Future of Jobs Report 2025. “Similar to their global peers, companies operating in the country are heavily investing in AI, robotics and autonomous systems, and energy […]
The shares of Axis Bank Limited were trading at ₹976.75 down by ₹61.25 or 5.90 per cent on the NSE today at 11 AM. The shares hit its 52-week low today at ₹978.05. Axis Bank, one of India’s largest private lenders, reported a modest 3.83 per cent year-on-year rise in net profit to ₹6,304 crore […]
SEBI chairperson Madhabi Puri Buch on Thursday highlighted the role of technology in transforming the capital market ecosystem. “AI is the hero of a large number of initiatives that we are in the process of deploying and is hugely democratising the ability to deploy technology within an organisation,” Buch said in a pre-recorded address at […]
The shares of Rail Vikas Nigam Ltd (RVNL) were trading at ₹401.25, up by ₹29.35 or 7.89 per cent on the NSE at 11 am today. Rail Vikas Nigam Ltd (RVNL) has received a Letter of Acceptance from Bharat Sanchar Nigam Limited (BSNL) for the development and maintenance of BharatNet’s middle mile network. The contract, […]
Target: ₹1,755 CMP: ₹1,070.95 We initiate coverage on Associated Alcohols & Breweries Ltd (AABL), a thinly researched stock with a Buy and a TP of ₹1,755. Building on its strong legacy as a contract manufacturer for marquee brands, AABL is now entering a new chapter, expanding beyond a B2B supply model into a robust, consumer-facing […]
Shares of Adani Green Energy surged 3.64 per cent and was trading at ₹1,044.0 on the BSE at 10.30 AM on Wednesday as the company announced successful commissioning of a 57.2 MW wind power component within its flagship wind-solar hybrid plant located in Khavda, Gujarat. This move strengthens AGEL’s position as a leading renewable energy […]
The government pension fund of Norway on Tuesday sold Home First Finance shares for ₹77 crore through an open market transaction. The Norwegian Pension Fund Global is one of the world’s largest funds. According to bulk deal data on the National Stock Exchange (NSE), Government Pension Fund Global offloaded 7.50 lakh shares, or 0.84 per […]
Indian equity markets opened higher on Tuesday, breaking a four-day losing streak, as cooling inflation data boosted hopes for potential interest rate cuts, while technology stocks faced selling pressure following mixed quarterly results. The Sensex opened marginally higher at 76,335.75 compared to its previous close of 76,330.01 and is currently trading at 76,646.86, up […]
Shares of Standard Glass Lining Technology closed 16.68 per cent higher on the BSE at ₹163.35 against the IPO price of ₹140, even as secondary market faced heavy selling pressure. The stock opened at ₹176 and rose to a high of ₹181.70 and hit a low of ₹161. On the NSE, the stock closed at ₹163.28. […]
Equity markets opened lower on Monday, with The Sensex opening significantly lower at 76,629.90 compared to its previous close of 77,378.91 and is currently trading at 76,775.24, down by 603.67 points or 0.78 per cent. Similarly, the Nifty started the day at 23,195.40, below its previous close of 23,431.50, and slipped further to 23,246.95, losing […]
Target: ₹3,651 CMP: ₹3,089.50 Ceat seems well poised to ride the growth wave while prudently navigating the steep RM inflation trends. Demand outlook stays unchanged; high single to early double digit volume growth is likely in FY25. Going forward, focus on high-margin segments like exports, PCR (high rim sizes) and OHT over TBR (low […]
Notwithstanding the market regulator SEBI’s move to tighten regulations for IPOs on the SME platform, the issuances have been buoyant, with one IPO hitting the market daily in the last 10 days, and another four set to open for subscription by the next weekend. The SME exchanges — BSE SME and NSE Emerge — have […]
Bharti Airtel (₹1,615.10) About to break out Bharti Airtel’s stock has been trading in a narrow range for nearly a month. It has been oscillating between ₹1,570 and ₹1,625. Nevertheless, the broader trend is bullish and the stock retains a positive outlook despite some weakness seen since October last year. We anticipate a breakout of […]
Of late, instances of front-running scam have been on the rise. The market regulator has been unearthing case after case of front-running, including a recent one involving big fish Ketan Parekh. Front-running occurs when a trader or fund manager tries to pocket a profit from knowledge of upcoming trades from their institutional clients. Front-running is […]
Target: ₹5,870 CMP: ₹6,003.15 Tata Elxsi reported a weak top-line performance (0.4 per cent q-o-q CC), as transportation vertical (55 per cent of revenue), which had been performing well despite industry-wide challenges since past three quarters, reported soft growth of 0.5 per cent q-o-q CC in Q3FY25. European market (largest contributor to auto) may […]
Indian equity markets opened lower on Wednesday, with the Sensex opening at 77,682.59, up from its previous close of 77,620.21, but is currently trading lower at 77,339.94, down by 280.27 points or 0.36 per cent. Similarly, the Nifty opened at 23,551.90, higher than its previous close of 23,526.50, but declined to 23,413.40, losing 113.10 points […]
Target: ₹76 CMP: ₹48.89 Patel Engineering (PEC) founded in 1949, is into construction of complex civil infra work like hydro power plant, tunnelling, Urban Infra, irrigation and others. It has seen multiple capex cycle in India, and currently has an order book of ₹19,100 crore (which is 4x TTM revenue). Up-cycle in its order […]
Indian equity benchmarks opened lower on Thursday, extending their decline for the fifth consecutive session as foreign institutional investors continued their selling spree amid a stronger dollar and rising US bond yields. The BSESensex fell 259.60 points or 0.33 per cent to 77,888.89, while the NSENifty declined 83.70 points or 0.35 per cent to 23,605.25 […]
Even as the number of dematerialised (demat) accounts grew in 2024, the pace of the growth has slackened in the last three months due to volatility in the stock markets. The number of demat accounts in 2024 rose by 46 million, marking an average addition of 3.8 million accounts per month. Cautious outlook However, growth […]
Leo Dryfruits & Spices TradingIPO listing today, Leo Dryfruits & Spices Trading share price live updates: Shares of Leo Dryfruits & Spices Trading are set to debut on the BSE SME platform. The IPO’s upper price band is at ₹52. The ₹25.12 crore IPO closed on January 3, 2025, oversubscribed 182 times. The company is […]
Edelweiss Financial Services has launched ₹100 crore public issue of secured redeemable non-convertible debentures of the face value of ₹1,000 each. The issue also has a green shoe option to retain another ₹100 crore, in case of oversubscription. The issue has 12 series of NCDs carrying fixed coupons and having a tenure of 24months, 36months, […]
IPO News Today Live Updates: Avax Apparels And Ornaments IPO, Quadrant Future Tek IPO, Delta Autocorp IPO, Capital Infra Trust Invit IPO & BR Goyal Infrastructure IPO Day 1 opens for subscription. kick off their subscription process today. Investors have a diverse mix to choose from, ranging from BSE SME offerings to large-scale infrastructure and […]
Target: ₹3,800 CMP: ₹2,616.15 In our recent interaction, Godrej Properties’ management reiterated that it remains confident of surpassing the FY25 pre-sales guidance of ₹27,000 crore. The recent capital raise will enable the company to maintain a high growth trajectory for at least the next two years. It aims to replicate NCR’s success across markets and […]
IPO News, Indobell Insulation IPO opens today & Standard Glass Lining Technology IPO GMP day 1 live updates: Follow the latest updates on the Standard Glass Lining Technology IPO and Indobell Insulation IPO as they open for subscription today. Track key details, including price bands, GMP, subscription status, and expert commentary.
For the stock of Adani Energy Solutions (₹821.25), the short-term outlook turned positive after a recent bounce. Immediate support levels are at ₹793 and ₹697. A conclusive close below the latter will alter the short-term positive view. Nearest resistance is at ₹842. A close above this has the potential to lift Adani Energy Solutions towards ₹940. In the short […]
I bought three lots of Sun Pharmaceutical 1860-call option (January) at an average premium of ₹60.78. Should I hold for another 2-3 weeks or exit now? – Anish Das Sun Pharmaceutical Industries (₹1,849.65): The stock broke out of the resistance at ₹1,830 in the final week of December. Technically, this served as an indication that the scrip […]
HDFC Bank, India’s largest private sector lender, reported a 7.6 per cent year-on-year growth in its average advances under management to ₹26,27,600 crore for the December 2024 quarter. The bank’s retail segment showed strong performance with a 10 per cent year-on-year growth, accompanied by a 11.5 per cent expansion in commercial and rural banking loans. […]
After delivering decent returns in last two years, mutual funds want investors to temper their expectations this year given the overall economic challenges. Though last year was almost filled with optimism, Axis Asset Management has tempered its expectations. “We expect growth to remain moderate, given the fiscal consolidation and slower credit growth. Many segments of […]
Standard Glass Lining Technology has garnered ₹123.02 crore from anchor investors ahead of its initial public offering, which opens on Monday and closes on January 8. The ₹410.05-crore IPO is a mix of fresh issue worth ₹210 crore and an offer of sale of up to 1.43 crore shares by Promoter Selling and Promoter Group […]
itichem India IPO GMP listing today, Citichem India IPO share price live updates: The ₹70 apiece fixed-price issue of Citichem India, subscribed a record 414.35 times, raises ₹12.60 crore. Get real-time updates on Citichem India IPO share price movements, market trends, and listing performance. ALL UPDATES January 03, 2025 09:16 Citichem India share price & […]
Benchmark indices rose over 1.8 per cent on Thursday, led by strong buying in index heavyweights. The Sensex settled at 79,943, up 1,436 points or 1.83 per cent from its previous close. The Nifty50 ended at 24,188, up 445 points or 1.88 per cent. The broader market showed mixed performance, with smaller companies lagging behind […]
nya Polytech & Fertilizers IPO GMP listing today, Anya Polytech & Fertilizers share price live updates: The IPO has witnessed significant demand with a total of 9,37,26,00,000 shares bid across categories. Retail Individual Investors (RIIs) accounted for 3,42,66,80,000 shares, with 2,26,417 cut-off bids and 1,16,251 price bids. Non-Institutional Investors (NIIs) bid for a total of […]
Billionaire Mukesh Ambani is understood to have started the process for the initial public offer of Reliance Industries’ telecom arm, Reliance Jio Infocomm, and sources estimated the size of the offer in the range of ₹35,000-40,000 crore. The public offer will consist of an offer for sale component and a fresh issue with a pre-IPO […]
India’s benchmark indexes are set to open marginally higher on Wednesday, the first session of 2025, with analysts expecting the markets to trade near current levels ahead of the quarterly earnings season from next week. The GIFT Nifty futures were trading at 23,735 as of 7:54 a.m. IST, indicating that the benchmark Nifty 50 would […]
The country’s benchmark indices posted their ninth straight year of gains despite a correction in the December quarter. The Sensex rose 8.2 per cent, while the Nifty 50 ended with gains of 8.8 per cent, fuelled largely by domestic liquidity. The indices have seen a near 10 per cent drop since hitting their highs on […]
India’s benchmark indexes are set for a muted start on Tuesday, the final session of 2024, tracking other Asian peers, as elevated US Treasury yields continue to weigh on emerging markets. The GIFT Nifty futures were trading at 23,663.5 as of 7:48 a.m. IST, indicating that the benchmark Nifty 50 would open near Monday’s close […]
Target: ₹6,750 CMP: ₹9,834.75 Coforge has approved the scheme of amalgamation of Cigniti, by way of share-swap – Cigniti shareholders will be issued one equity share of Coforge for every five equity shares of Cigniti held by them. The transaction is in line with the company’s stated intention of merger through share swap at the […]
India’s benchmark equity indexes are set to open higher on Monday, with analysts attributing cheaper valuations after recent declines as a key trigger for investors buying the dip amid thin volumes ahead of the end of the year. The GIFT Nifty futures were trading at 23,993 as of 7:36 a.m. IST, indicating that the benchmark […]
I am holding Axis Bank shares at ₹810. What is the long-term outlook? Dhayaanithi M, Hosur Axis Bank (₹1,079): The broader trend is up and strong. The stock touched a high of ₹1,339 in July this year and has been in a corrective fall since then. Immediate support is at ₹1,060. Next important support is […]
Year-end Christmas holidays may have slowed Foreign Portfolio Investors (FPIs) selling spree in Indian equities last week, while their robust investments in the primary market signalled continued confidence. They have till December 27 net sold ₹656 crore in Indian equities through stock exchanges. FPIs have so far this month invested ₹17,331 crore in the primary market. […]
Nifty 50 (23,813) and Bank Nifty (51,311), largely due to the gap-up open on Monday, posted a gain of 1 and 1.1 per cent respectively last week. Here is an analysis of the futures and options data of both indices. Nifty 50 Nifty futures (January) (23,993) was up 0.8 per cent last week. The intraweek […]
Target: ₹393 CMP: ₹340.45 Petronet LNG’s consolidated revenue rose 3.9 per cent y-o-y to ₹13,024 crore in Q2-FY25, supported by robust volume growth, primarily from its Dahej terminal. It processed 225 trillion British thermal units (TBTU) of LNG, a 7.1 per cent y-o-y increase, compared to 210 TBTU processed in Q2-FY24. However, this represents a […]
Bye bye 2024, welcome 2025! The year 2024, which began on a confident note, is leaving investors at a crossroads at close, with many complex issues facing them. Nifty 50 scaled an all-time high of 26,216 in September and took market-cap of Indian companies to cross $5 trillion for the first time in history but […]
Transrail Lighting, one of the five IPOs, will make debut at the bourses on Friday. The company has fixed the IPO price at ₹432, at the upper end of the price band ₹410-432. The ₹839-crore IPO was subscribed 80.80 times (QIB: 201.06 times; NII 76.41 times; retail investors: 22.07 times; and employees: 4.07 times). Grey […]
The initial public offering of Unimech Aerospace and Manufacturing saw a tumultuous response from all category investors, as the issue was subscribed 175.31 times on the last day of issue closing on Thursday. The ₹500-crore issue generated bids worth ₹64,731 crore. The IPO of the engineering solutions company that opened on Monday, featured a price band […]
Ola Electric has expanded its network to 4,000 stores nationwide, registering a four-fold increase from the existing network, the company said in a release. With the launch of 3,200+ new stores co-located with service facilities, the company is committed to driving large-scale EV adoption enabling deeper penetration beyond tier-1 and tier-2 cities to almost every […]
Metropolitan Stock Exchange has raised ₹238 crore through issuance of equity share on a private placement to a group of investors including promoters of Groww and Zerodha. The board of the exchange in a meeting held on Tuesday said it has allotted 119 crore equity share of ₹1 at a premium of ₹1 to clutch […]
Westbridge-backed managed workplace solutions company, IndiQube Spaces Ltd, has filed its draft red herring prospectus (DRHP) with the capital markets regulator, SEBI, to raise funds through an IPO. The company plans to raise ₹750 crore through a fresh issue of equity shares and ₹100 crore through an offer-for-sale (OFS) by the promoter-selling shareholders, Rishi Das […]
It was mixed day at the primary market for three companies whose issue closed for public subscription. The IPO of Senores Pharmaceuticals turned out to be a blockbuster with a subscription level of 93.41 times, while Ventive Hospitality saw a strong response of 9.80 times. Carraro managed to sail through with 1.12 times. Senores Pharmaceuticals […]
Domestic markets are expected to open on a flat note on Tuesday ahead of Christmas holiday. Global markets are providing few cues, while GIFT Nifty signals a flat opening. Analysts expect volume to remain low. Select individual stocks, however, will see heightened activity ahead of the settlement of monthly contracts in the F&O segment on […]
Markets bounced back on Monday after five consecutive sessions of losses, with the BSE Sensex rising 498.58 points to close at 78,540.17, and the NSE Nifty gaining 165.95 points to end at 23,753.45, driven by positive global cues and lower-than-expected US inflation data. The market opened significantly higher, with the Sensex starting at 78,488.64 and […]
The beginning of a fresh week is likely to be flattish for domestic equities. However, analysts expect the market to remain lacklustre with muted participation due to year-end holidays. Gift Nifty at 23,790 signals a flat opening for the Nifty as Nifty January futures on Friday closed at 23,793. Stock-specific action is likely due to […]
The combined market valuation of all the top-10 most valued firms slumped ₹4,95,061 crore last week, in line with a bearish trend in equities, where Tata Consultancy Services and Reliance Industries faced the sharpest erosion. Last week, the BSE benchmark tanked 4,091.53 points or 4.98 per cent. “The Indian equity market recorded its steepest weekly […]
Apollo Tyres (₹532.50) At the top of a range The stock of Apollo Tyres peaked in February after it faced a barrier at ₹555. Since then, it has largely been trading in the broad range of ₹465-555, except for a brief move to mark a high of ₹584.65 in September. So, for us to get […]
The Indian primary market witnessed 2024 as the blockbuster year for initial public offerings (IPOs), according to a report by Motilal Oswal. The report highlighted that a record-breaking ₹1.8 lakh crore was raised through more than 317 IPOs so far this year. This figure surpasses the previous high of ₹1.3 lakh crore set in 2021 […]
Freshworks’ founder Ratna Girish Mathrubootham has sold shares worth $40 million on the Nasdaq, according to the company’s filing in the US Securities and Exchange Commission. The sale happened on December 18 and 19, the filing says. On December 18, Mathrubootham sold 8.35 lakh shares worth $14 million. The filing says he sold 16.6 lakh […]
Shares of International Gemmological Institute listed at a 22.3 per cent premium to its issue price, at ₹510 on the NSE, and went to an intra-day high of ₹525, but couldn’t sustain its momentum on a day when the markets were seeing a sell-off, and ended 8.2 per cent down from its listing price, at […]
The ₹550-crore initial public offering from yarn manufacturer Sanathan Textiles received a modest response from investors on Day 1 on Thursday. The IPO was subscribed 0.45 times overall. The issue, with a price band of ₹305-321, will remain open till December 23. Investors can bid for a minimum of 46 shares. The IPO is a […]
Senores Pharmaceuticals, an Ahmedabad-based entity engaged in development and manufacture of generic pharmaceutical products, plans to invest a portion of the proceeds from ₹582 crore Initial Public Offering (IPO) for setting up a manufacturing facility for sterile injections at Atlanta in the United States. The company incorporated in the year 2017 plans to invest ₹107 crore […]
tock Market today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 19 December 2024. ALL UPDATES December 19, 2024 06:56 Stock market live updates today: Securities in F&O Ban For Trade Date 19-December-2024 * BANDHANBANK * CHAMBALFERT * […]
Target: ₹3,250 CMP: ₹2,756.50 Galaxy surfactants is well-positioned to capitalise on the growing demand for personal care and home care (HPC) products globally. Its relentless focus on expanding the high-margin specialty care product segment, currently fetching about 40 per cent of revenues, is expected to drive an EBITDA CAGR of about 14.3 per cent over […]
Granules: Company’s generic ADHD drug gets U.S. FDA nod. (Positive) MTNL: CARE Rating upgrades ratings of Bonds of Company. (Positive) JSW Energy: South Korea’s LG Energy is in talks with India’s JSW Energy to manufacture batteries for electric vehicles and renewable energy storage in a joint venture that would need an investment of over $1.5 […]
The stock markets fell 1.4 per cent on Tuesday as investors unwound positions ahead of US Federal Reserve meeting on Wednesday. The meeting is expected to provide cues on the trajectory of interest rate cuts. Sentiments were battered by a fall in the rupee, which fell to a new low on Monday’s widening trade deficit […]
Sensex, Nifty, Share Prices LIVE: The stock of Prestige Estate Projects appeared to have resumed the uptrend a month ago. After hitting a high of ₹2,072.75 in June, the price started to moderate. However, after finding support at ₹1,500 by mid-November, it has been moving up.
Target: ₹690 CMP: ₹580.60 Deep Industries operates nine workover rigs, with plans to add two more, and five drilling rigs, with one additional rig set for deployment. This segment contributes 33 per cent of revenue with margins of 40 per cent and a market share of 25 per cent. Its natural gas compression services, commanding […]
Sensex, Nifty, Share Prices LIVE: The short-term outlook is bullish for Swan Energy. The stock has made a bullish breakout above the key resistance level of ₹757. On Friday, the price fell back below ₹757 but did not sustain. It has risen back very well from around ₹742. That indicates that the breakout is valid.
Five of the 10 most valued firms added ₹1,13,117.17 crore to their total market valuation last week with Bharti Airtel stealing the show. Read also: Airtel expands with AI data centres and high-altitude network, shares rise While Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank and Infosys were the gainers, Reliance Industries, State […]
The ₹572-crore initial public offering of One MobiKwik Systems saw an overwhelming response from all categories of investors who subscribed at 119.38 times. The offer that came out with a price band of ₹265-279 a share received bids for 141.73 crore shares against 1.187 crore shares. The entire IPO is a fresh issue, which means […]
Astra Microwave Products (₹833.10) Cracks a key resistance The stock of Astra Microwave Products formed a higher low last month. As the price moved up in the recent weeks, it surpassed both 50 and 200-day moving averages as well as the resistance at ₹820. The prevailing price action shows strong signs of a rally from […]
TPG Capital-backed initial public offering of Sai Life Sciences closed with a subscription figure of 10.26 times. The ₹3,043-crore IPO comprised a fresh issue (₹950 crore) and an offer-for-sale of 3.81 crore shares valued at ₹2,092 crore. The price band of the issue was ₹522-549. Under the OFS, one of the promoter entities, Sai Quest […]
The equity markets staged a remarkable recovery on Friday, with benchmark indices Sensex and Nifty closing significantly higher after a volatile trading session. The Sensex surged 843.16 points or 1.04 per cent to settle at 82,133.12, while the Nifty 50 closed 219.60 points or 0.89 per cent up at 24,768.30, marking its fourth consecutive week […]
Share Market Live Updates 13 December 2024: The stock of Raymond has been appreciating for the past three weeks. It started to recover on the back of the support at ₹1,425. Importantly, it crossed over the resistance at ₹1,730 early this week and the price is now above both 20- and 50-day moving averages.
Anand Rathi CMP: ₹577.40 HPL Electric & Power Ltd is an India-based company, which is a multiproduct electric equipment manufacturer. The Company’s product portfolio covers a wide range of low-voltage electric products including metering solutions, switchgears, lighting products, wires and cables, solar solutions, and modular switches. The company’s business operations are through two segments: Metering […]
Equirus Wealth has surpassed ₹10,000 crore in assets under management (AUM). In a release on Wednesday, the wealth management firm said this achievement reflects the firm’s strong growth trajectory, with AUM doubling in just 18 months, and highlights its ability to provide innovative investment solutions that cater to the diverse needs of high-net-worth individuals (HNIs) […]
Shares of Housing and Urban Development Corporation Limited (HUDCO) fell by 0.37 percent to ₹253.35 on the BSE at 2.34pm today. The Delhi Development Authority (DDA) had signed a Memorandum of Understanding (MoU) with HUDCO on December 10, 2024, in New Delhi. Also read: INOXGFL Group forays into solar manufacturing segment According to its exchange […]
Target: ₹1,080 CMP: ₹737.85 We believe that Anant Raj’s (ARCP) entry into cloud operations can be an inflection point for the company, which is looking to further move up the chain from its core colocation business in the Data Centre vertical. While capex intensity goes up in this model, the revenue potential is many folds […]
Paramount Communications shares surged 9 per cent to close at ₹82.70 on the BSE on Tuesday. The rally came after the company announced it had received a letter of intent from MP Industrial Development Corporation Ltd. to lease 30 acres of land in Narmadapuram, Madhya Pradesh, for a manufacturing zone focused on power and renewable […]
Torrent Power Ltd on Monday announced successful completion of its ₹3,500 crore (approximately $413.20 million) Qualified Institutions Placement (QIP). “The issue garnered significant response from investors including domestic mutual funds, global investors and insurance companies, demonstrating their strong confidence in the Company’s fundamentals and India’s power sector. The QIP saw a very strong demand of […]
Shares of Waaree Energies rose by 1.38 per cent to ₹2,940 on the BSE at 2.46 p.m today after the company announced a substantial order for supplying up to 1 GW of solar modules. The company said the order, secured from a prominent Indian renewable energy company, underscores the growing demand for solar energy solutions […]
Nifty 50 (24,678) and Bank Nifty (53,510) broke through key barriers last week and recorded a gain of over 2 per cent each. The derivatives data of the indices indicate that there has been good buying interest, keeping the door open for further upside. Nifty 50 Nifty futures (December) (24,783) witnessed fresh long build-up over […]
Long-term investors can buy the shares of HDFC Bank (₹1,856) at current levels. The prolonged consolidation in the stock has come to an end. The strong rise and close above ₹1,800 last week have confirmed the range breakout. Before the recent rise, HDFC Bank’s share price oscillated between ₹1,270 and ₹1,760 since 2021. So, the […]
The outlook for the stock of Kalyan Jewellers India (₹730.50) remains positive. Immediate resistance is at ₹754. A close above this can trigger a fresh rally. Conversely, the stock finds its nearest support at ₹685 and ₹655. As long as the stock rules above ₹540 there is no threat to the bullish outlook. We expect the […]
Notwithstanding the gyration in the secondary market, about ten companies are looking to raise ₹20,000 crore in December through the initial public offering this month. The celebration in the primary market will start with eight IPOs opening for subscription in the coming week. The week will start with Vishal Mega Mart and Sai Life Sciences’ […]
With plans to list its Indian arm, LG Electronics India, South Korean consumer durables major LG Electronics Inc on Friday filed a draft red herring prospectus with market regulator SEBI for an IPO go ahead for a public listing at the Indian bourses. The issue, which is completely offer for sale, will see promoter, LG […]
Madurai-based Pioneer Jellice India Pvt Ltd (PJIP) and Ashok Matches and Timber Industries (acquirers) have issued an open offer to acquire 18.43 lakh equity shares (26 per cent) of ₹10 each for cash at ₹408.90 per share to the public shareholders of Mumbai-based India Gelatine & Chemicals Ltd (IGCL). The total consideration for this will […]
Stock exchanges have set up an online Document Repository platform that would enable merchant bankers to upload and maintain records and documents relied upon by bankers while conducting their due diligence on public issues electronically. The platform is intended to facilitate easier access to documents pertaining to the public issue process. Bankers can upload the […]
Shares of NBCC(India) gained 2.92 per cent to₹ 102.92 on the BSE after the company announced today that its wholly owned subsidiary, HSCC(India), has secured a contract worth ₹939 crore from the National Health Mission, Maharashtra. This project includes establishing and operating Hinduhridaysamrat Balasaheb Thackeray Aapla Dawakhana in Maharashtra, valued at approximately ₹259.35 crore, and […]
World’s largest alternative asset manager Blackstone Inc and real estate developer Sattva Group are close to filing the initial draft papers for the listing of an office real estate investment trust (REIT), comprising around 50 million square feet of commercial assets, to raise around $750-800 million, sources said. Blackstone’s assets under its office platform Nucleus […]
Gurugram-based wealthtech company ZFunds has raised ₹25 crore in seed funding led by Elevation Capital with participation from Yashish Dahiya, Co-founder and Group CEO, Policybazaar Group. Launched in 2019 by Manish Kothari and Vidhi Tuteja, ZFunds aims to enhance mutual fund investing experience and outcomes for investors by empowering distributors with the right technology and […]
SEBI has proposed a framework to help stock exchanges to do online monitoring of system audit of stock brokers. In a consultation paper issued on December 3, the regulator said that this framework will make the auditor more responsible for the system audit, ensure that the auditor is physically visiting stock broker’s premises to check […]
The Indian stock markets continued their winning streak for the third consecutive session on Tuesday, with the Sensex and Nifty posting robust gains and breaking through critical resistance levels. The Sensex closed 597.67 points higher at 80,845.75, while the Nifty 50 rose 181.10 points to settle at 24,457.15, marking a 0.74 per cent and 0.75 […]
RBI bank stock hit 52-week low of ₹147.55 today on BSE announcing that itwill cease issuing co-branded credit cards in partnership with Bajaj Finance. However, the bank will continue to service the existing 3.4 million co-branded credit cards issued under this partnership. As reported by businessline, this decision will not significantly impact RBL Bank’s overall […]
The stock market demonstrated remarkable resilience on Monday, staging a robust recovery despite initial concerns over disappointing GDP data. The Sensex closed 445.29 points higher at 80,248.08, representing a 0.56 per cent gain, while the Nifty 50 rose 144.95 points or 0.6 per cent to settle at 24,276.05, effectively neutralizing earlier market apprehensions. The day’s […]
Shares of GAIL (India) gained 1.02 per cent to ₹198.85 after the company signed a long-term time charter contract with Kawasaki Kisen Kaisha (“K” LINE) for a new-built LNG ship. The vessel is expected to start operations in 2027. This strategic move will involve the construction and deployment of a new LNG carrier. It will […]
The Securities and Exchange Board of India on Thursday unveiled a set of measures to ensure seamless trading on stock exchanges during technical outages. Under the new framework, which will take effect in April 2025, the BSE and NSE will act as alternative trading venues for each other during outages. If one exchange experiences technical […]
Target: ₹1,800 CMP: ₹1,098.70 We reiterate our positive stance on Gulf Oil Lubricants India Ltd (GOLI), led by steady core volume growth (8 per cent core volume CAGR over FY24-27E, over 2x of industry growth), and a 13-14 per cent EBITDA margin profile supported by premiumisation efforts, brand building, input cost management, and dedicated marketing […]
BHEL (₹251.10) Bulls gaining traction The stock of Bharat Heavy Electricals Limited (BHEL) has been in a correction phase since July. The bulls faced roadblock at ₹330, lost traction, and what followed has been a fall in price. However, the price band of ₹200-220 is a considerable demand zone. The stock posted back-to-back weekly gains […]
Target: ₹550 CMP: ₹432.75 Aadhar Housing Finance (Aadhar) was amongst the first few AHFCs to get HFC licence, way back in 2010, and since then its execution track record under the leadership of Deo Shankar Tripathi (Executive VC) and Rishi Anand (MD & CEO) has been superior. It delivered 18 per cent AUM CAGR between […]
Shares of the Adani Group rose in early trading on Friday, despite the ongoing regulatory scrutiny facing the conglomerate. Adani Green Energy shares soared 14.36 per cent at about 950 am on Friday, while Adani Enterprises rose 0.49 per cent. Adani Total Gas gained 3.46 per cent and Adani Energy Solutions climbed 11.20 per cent […]
SpiceJet’s stock price climbed nearly 3 per cent in early trade on Thursday on the BSE after Aircastle Ireland Designated Activity Company, an aircraft lessor, withdrew its insolvency case against the airline in the NCLT. This development comes on the heels of a successful settlment of the $23.39-million dispute between them. SpiceJet agreeed to pay […]
Equity benchmark indices Sensex and Nifty surrendered early gains to plunge nearly 1.50 per cent on Thursday, weighed down by intense selling in market heavyweights Infosys, RIL and HDFC Bank amid a mixed trend in global equities. The BSE benchmark Sensex slumped 1,190.34 points or 1.48 per cent to settle at 79,043.74. During the day, […]
Target: ₹2,666 CMP: ₹1,792.15 In the extremely volatile PVC pricing context. Astral’s performance was decent though revenue was up only 0.5 per cent to a muted ₹1,370 crore. Despite the challenging situation, the gross margin held y-o-y at a stable 38.9 per cent. Cost front-loading in certain businesses at early stages led to the EBITDA […]
Equity benchmark indices Sensex and Nifty rebounded on Wednesday, driven by a sharp rally in Adani group stocks and fresh foreign fund inflows. The BSE benchmark Sensex climbed 230.02 points or 0.29 per cent to settle at 80,234.08. During the day, it surged 507.09 points or 0.63 per cent to 80,511.15. The NSE Nifty rose […]
The regulatory intervention failed to dent investors’ interest in the IPO of C2C Advanced Systems. The Bengaluru-based company’s IPO that opened on Friday at NSE-Emerge platform was subscribed 116.67 times overall. The company was forced to come with a withdrawal option to investors from the IPO after some discrepancies in its account statement. Due to […]
The shares of ITCONS E-Solutions Limited closed flat at ₹600 on the BSE today. ITCONS E-Solutions Ltd reported a strong financial performance in the first half of fiscal year 2025, with revenue jumping 38.71 per cent to ₹17.95 crore compared to the same period last year. The company’s net profit surged 68.13 per cent to […]
Target: ₹1,978 CMP: ₹1,496.60 We maintain Buy on SBI Life Insurance Company considering the attractive valuation and no major change in medium/long-term potential VNB growth/RoEV. While some adjustments in channel preference may/may not impact near-term VNB growth proposition, we believe current valuation correction is overdone considering the scope of possibilities around lower bancassurance growth being […]
Equity markets maintained strong momentum in Monday afternoon trading, with the benchmark BSE Sensex holding firmly above the psychologically crucial 80,000 mark. The 30-share index traded at 80,254.58, up 1,137.47 points or 1.44% from its previous close, while the broader NSE Nifty advanced 373.30 points or 1.56% to 24,280.55 at 12:30 PM. The market breadth […]
The ₹10,000-crore initial public offering of NTPC Green Energy closes subscribed 2.42 times on the last day of issue closing on Friday. The IPO that came out with a price band of ₹102-108 received bids for 143.37 crore shares against 59.32 crore shares on offer. The retail investors’ portion was subscribed 3.44 times. The company […]
The primary market is expected to remain vibrant, with at least 10 companies, including supermart major Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd expected to raise a combined ₹20,000 crore in the next month, merchant bankers said. Education-focused NBFC Avanse Financial Services, TPG Capital-backed Sai Life Sciences, hospital chain […]
Global Health (₹1,114) Set to breakout Bears maintained dominance in the stock of Global Health between June and early October. Consequently, the price slumped from ₹1,380 to mark a ten-month low of ₹935.5 in October. But since hitting the low, there has been a loss of downward momentum. Moreover, the chart shows that the stock is […]
Target: ₹685 CMP: ₹614.35 On November 19, PSP Projects entered into a Share Purchase Agreement (SPA) with Adani Infra India for the sale of up to 30.07 per cent of the company’s paid-up share capital, amounting to ₹685 crore for ₹575 per share. Under the execution of the SPA, the acquirer will be required to […]
The Securities and Exchange Board of India (SEBI) has proposed to overhaul the processes of appointing key management personnel by market infrastructure institutions (MIIs) such as stock exchanges, clearing corporations, and depositories. The regulator plans to align their appointments with that of the managing director (MD) who is appointed by SEBI. In a consultation paper, […]
The shares of Vodafone Idea Limited (VIL) were trading at ₹6.69 down by ₹0.22 or 3.18 per cent 1.45 pm. The shares of the company hit 52-week low on the NSE today. Vodafone Idea Limited (VIL), disclosed in the investors meeting, plans to begin 5G service deployment in Q4FY25 and has secured equipment deals worth […]
Target: ₹207 CMP: ₹173.25 Star Cement Ltd (SCL) reported 9.6 per cent y-o-y growth in its sales at ₹642 crore with underlying sales volume growing 7.4 per cent y-o-y to 1.0 mt. Sales volume in North-East grew 11.5 per cent y-o-y to 0.75 mt while outside North-East, it fell 5.1 per cent to 0.21 mt. […]
Equity markets witnessed significant volatility in mid-day trading on Thursday, with the Sensex and Nifty experiencing notable declines driven by sharp sell-offs in specific stocks, particularly in the Adani group. The Sensex, which opened at 77,711.11, was trading at 77,133.74 by 12.33 PM, down 444.64 points or 0.57 per cent. Similarly, the Nifty slipped to […]
NTPC Green Energy Ltd. (NGEL), the renewable energy arm of NTPC, has launched its initial public offering (IPO) to raise ₹10,000 crore. The issue was subscribed 33 per cent so far and concludes on November 22, 2024. Marwadi Financial Services has issued a “Subscribe” rating for the IPO, citing the company’s strong parentage, robust project […]
Equity benchmarks closed higher on Tuesday, snapping a seven-day losing streak, though gains were trimmed in late trading hours amid escalating geopolitical tensions between Russia and Ukraine. The S&P BSE Sensex ended at 77,578.38, up 239.37 points or 0.31 per cent, while the NSE Nifty 50 settled at 23,518.50, gaining 64.70 points or 0.28 per […]
Target: ₹678 CMP: ₹590.95 Marico is a leading Indian FMCG company with exports to over 25 countries. The company’s product portfolio includes brands such as Parachute, Saffola and Livon. In Q2FY25, Marico’s revenue increased 7.6 per cent y-o-y to ₹2,664 crore, as underlying volume grew 5 per cent in the domestic business and revenue in […]
Equity benchmarks continued their upward momentum on Tuesday afternoon, with the BSE Sensex climbing 995.52 points to 78,334.53 and the Nifty 50 rising 293.40 points to 23,747.20, marking gains of 1.29 per cent and 1.25 per cent respectively by 12:30 PM. The market breadth remained firmly positive, with 2,891 stocks advancing compared to 945 […]
Target: ₹339 CMP: ₹301.10 PNC Infratech (PNCL) Q2-FY25 operational results were lower than consensus estimates. Numbers were impacted from weak execution as adjusted revenue declined by 58 per cent y-o-y. The decline in revenue was due to delay in appointed date in certain projects and due to peak monsoon in some areas. The company has […]
Wardwizard Innovations & Mobility Limited, an Indian electric vehicle manufacturer, announced today a strategic joint venture with two-wheeler service chain SpeedForce to enhance its after-sales service network and retail presence. The partnership will give Joy e-bike customers access to over 1,000 service touchpoints nationwide. The shares of Wardwizard Innovations & Mobility Limited were trading flat […]
Target: ₹2,007 CMP: ₹1,303.20 SignatureGlobal India had delivered 63 per cent sales booking CAGR over FY21-24, largely via affordable/mid-income housing projects. It has now achieved H1FY25 sales bookings of ₹5,900 crore driven by the launch of its Titanium project in Sector 71, Gurugram and Daxin Vistas project in Sohna, Gurugram. Given its strong launch pipeline […]