Mutual funds have raised their holdings in BSE to 8.78 per cent in the quarter ended June from 8.52 per cent in the previous quarter. This is the fourth consecutive quarter where MFs have raised their holdings in the bourse. Also read: FPIs continue aggressive selling post-Budget: Pull out ₹20,919 crore since July 23 Foreign […]

Long-term investors with a minimum time frame of two years can buy Tanla Platforms (₹980.10) at current levels. The downtrend in place since January 2022 ended in March last year. The strong bounce thereafter lost steam in August last year, and the share price has declined since then. However, strong support at ₹850-835 and then […]

The short-term outlook for the stock of ITC (₹489.10) is flat to negative although the long-term outlook still remains positive. Only a close below ₹383 will alter the positive view on the stock. Yet, in the near term, the price could drop. Immediate support levels are at ₹466 and ₹440. A break below the latter will […]

Indian equities fell over 1 per cent on Friday on weak global cues, snapping a five-day winning streak and ending in the red after eight weeks of gains. Global markets witnessed selling pressure after US Manufacturing PMI data showed contraction and a rise in initial jobless claims to an 11-month high, sparking concerns of a […]

Shares of Zomato hit an all-time high of ₹278.70 on the NSE after posting stellar results for the quarter ended June 2024. Majority of brokerages have been favourable on the stock and raised target prices aggressively. Also read: Zomato’s net profit surges to ₹253 crore, revenue up 74 per cent in Q1 For instance, CLSA […]

https://play.google.com/store/apps/details?id=com.intelegain.rb Conference call Replay available in Various speeds ! Researchbytes Events Update As of 07:20 AM Friday 02 August 2024 Can set alert for them at www.researchbytes.com  9:00 AM Indegene Limite Dial: +91 22 6280 1162  Weblink: https://tinyurl.com/3jr27ukd 10:00 AM Tube Investment Dial: +91 22 6280 1259  Weblink: https://tinyurl.com/4m785sme 10:00 AM Orient Electric Dial: 91 […]

Target: ₹280 CMP: ₹234.10 We initiate coverage on Zomato with a BUY recommendation and a Target Price (TP) of Rs 280/share, implying an upside of 23% from the current levels. We are confident that Zomato’s expansion in the Quick Commerce sector is supported by a consistent enhancement in profitability and a notable reduction in losses […]

Toyota Motor Corp Ltd Ord (Pre market) (Sector- Automobile) Shell PLC (Pre market) (Sector- Energy) ConocoPhillips (Pre market) (Sector- Energy) Regeneron Pharmaceuticals, Inc. (Pre market) (Sector- Healthcare) Eaton Corporation, PLC (Pre market) (Sector- Capital Goods) Anheuser-Busch Inbev SA (Pre market) (Sector- FMCG) Ferrari N.V. (Pre market) (Sector- Automobile) Southern Company (Pre market) (Sector- Power) Intercontinental […]

Target: ₹3,035 CMP: ₹3,189.15 During the quarter Data Patterns (India) Ltd has reported a decent set of performance on the profitability front. Revenue during the quarter grew by 16 per cent y-o-y to ₹104.10 crore (vs est. ₹109.40 crore) backed by execution of own IP orders during the quarter. Gross margin expanded by 1005bps y-o-y/+36bps […]

Sensex, Nifty, Share Prices LIVE:

Target: ₹360 CMP: ₹318 Bharat Electronics (BEL) reported numbers above expectation, with revenue growing 19.6 per cent y-o-y to ₹4,200 crore and EBITDA margins expanding 340 bps y-o-y. Order book as on Q1-FY25 stands strong at ₹76,700 crore (3.7x TTM sales). Order pipeline continues to remain robust for the next couple of years, driven by […]

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 July 30, 2024. ALL UPDATES July 30, 2024 07:16 Stock market live updates: QUESS CORP Q1 ; CONS NET PROFIT UP 132% AT 111.6CR (YOY), UP 14% […]

Target: ₹360 CMP: ₹289.75 Strengthening direct distribution reach beyond core markets: Given the scope to grow faster, MAS Financial Services has been consistently eyeing to improve the share of direct distribution in the overall sourcing. The management has reiterated its guidance of increasing the share of direct distribution to 70-75 per cent on a steady […]

JVN Share Price Updates 26 July 2024: SJVN stock jumped over 8% in early trade on Friday after the company received a letter of intent for allotment of Darzo Lui Pumped Storage Project from the Government of Mizoram. The estimated cost of the project on completion is ₹13,947.50 crore. ALL UPDATES July 26, 2024 15:39 […]

The benchmark Sensex rebounded by 1,293 points, while the broader Nifty shot up nearly 2 per cent to a record high on Friday, cutting short its five-day losing streak on heavy value-buying at lower levels and a rally in blue-chips like Reliance Industries. The 30-share BSE Sensex jumped 1,292.92 points or 1.62 per cent to […]

Target: ₹760 CMP: ₹716.75 Bikaji Foods International’s Q1-FY25 management commentary reassured us on the topline trajectory, but margin outlook for FY25 looks bland. The management is aiming for 13-15 per cent volume growth for FY25, and expects product prices to increase by about 2-3 per cent. Return of rural demand is likely to aid overall […]

Target: ₹415 CMP: ₹716.75 Embassy Office Parks REIT (Embassy REIT) clocked Q1-FY25 NOI of ₹770 crore (down marginally q-o-q) and NDCF of ₹530 crore with distribution of ₹5.6/unit. Overall portfolio occupancy as of Jun’24 remained flat q-o-q at 85 per cent, including infusion of 1.4msf Splendid Techzone, Chennai asset of 1.4msf from June 1. Driven […]

Shares of Sanstar debuted on postiive note on Friday after blockbuster IPO. As against the IPO price of ₹95, the stock was listed at ₹109 on the NSE and rose further to ₹128.79 before settling at ₹115.07, up 21.25 per cent. On the BSE, the stock close at ₹115.09. While this performance is positive, it […]

Target: ₹4,150 CMP: ₹3,623 Larsen Toubro’s Q1-FY25 results were 3 per cent ahead of our estimates on both revenue and PAT. The company reported 15/15/12 per cent y-o-y growth in revenue/EBITDA/PAT on a consolidated basis. In a seasonally weak quarter, core E&C revenues and EBITDA also grew by 18/21 per cent y-o-y, with Core E&C […]

Tata Consumer Products Share Price Updates for July 24, 2024: Tata Consumer Products stock declined about 3% in early trade on Wednesday. The company’s board has approved a rights issue for an amount not exceeding ₹3,000 crore by issuing 3,66,47,492 shares at ₹818 a share. The issue will open on August 5 and end on […]

Shares of gold and jewellery retailers surged on Tuesday after Finance Minister Nirmala Sitharaman said the Government will reduce the basic customs duty on the yellow metal and silver to 6 per cent. On the BSE, the stock of Senco Gold zoomed 8.18 per cent to trade at ₹1,018.60 apiece, Rajesh Exports surged 3.65 per […]

Target: ₹483 CMP: ₹709.90 JSW Energy reported flat revenue of ₹2,900 crore in Q1, led by lower fuel costs, which are generally pass-through in nature. EBITDA grew a robust 16 per cent y-o-y to ₹1,400 crore, led by incremental contribution from Ind Barath plant (350MW), new organic renewable capacities and improved generation from hydro plants. […]

The fresh week will likely begin on a weak note for domestic markets. Gift Nifty 24,390 against Nifty August futures’ 24,670 indicates a sharp decline at open. Analysts said subdued results from Reliance Industries and Wipro will keep the market under pressure, though Kotak Mahindra Bank, HDFC Bank and Yes Bank came out with strong numbers. The focus will also […]

The combined market valuation of eight of the top-10 most valued firms jumped ₹2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its new […]

The combined market valuation of eight of the top-10 most valued firms jumped ₹2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its new […]

Centrum Broking Target: ₹1,875 CMP: ₹1,768.45 Havells India’s sales growth was healthy at 20 per cent y-o-y to ₹5,800 crore, 3 per cent above our estimate, largely driven by Lloyd (+47 per cent y-o-y) and ECD (+20 per cent y-o-y led by fans and air-coolers) amid strong summer season. Gross margin rose 150 bps y-o-y […]

Of late, there have been many voices predicting a big crash, given the unrelenting rise in stock prices, and lofty valuations. Some quote Harry Dent, a financial author and economist who, in a recent interview to Fox News, said: “we’re in for a financial crash bigger than the Great Recession.” Dent said the “everything” bubble […]

Navi Mutual Fund has launched its first-ever index fund to track Nifty 500 Multicap 50:25:25 index. The new fund offer will close on July 30. The multi-cap index offers investors an opportunity to gain diversified exposure across large, mid and small-cap companies in a fixed weight of 50 per cent in large cap and 25 […]

Qualified Institutional Investors, especially Asset Management Companies (AMCs), have stepped up their due diligence prior to investing in companies through qualified institutional placements and also in the case of initial public offerings. “The business diligence being done by the institutional investors have been very rigorous,” said Bhavesh Shah, Managing Director, Equirus Group, which recently closed […]

SEBI plans to introduce a new asset class to bridge the gap between mutual funds (MFs) and portfolio management services (PMS). This will be offered under the MF structure, with new branding and relevant relaxations in existing MF norms. The minimum ticket size is proposed to be ₹10 lakh, one-fifth that of PMS schemes and […]

57 per cent or 159 of the 281 open-ended equity diversified funds outperformed their respective benchmarks in June, according to PL Wealth Management, Prabhudas Lilladher’s wealth management arm. Multi cap funds was the best performing category where 75 per cent of the schemes outperformed the benchmark. 64 per cent and 62 per cent of focused […]

Indian stocks are expected to open on a flat note and remain lacklustre through the day. According to analysts, as Wednesday is a trade holiday due to Muharram, traders will keep their positions light. However, the undertone remains strong, they added. The focus is now on ongoing results and the upcoming Budget, experts said. Macro numbers […]

Shareholders of Zee Entertainment Enterprises (ZEE) have passed the resolution for issuance of securities for an amount not exceeding ₹2,000 crore with requisite majority. Shareholder approval for the proposal comes nearly a month after the Zee board gave its in-principle approval to raise up to ₹2,000 crore through the issuance of shares or any other […]

The start of the new week is likely to see a positive start for domestic markets. Thanks to positive global cues, Gift Nifty is ruling at 24,600 (730 am) against Nifty futures close of 24,521, signalling a gain of about 80 points for the Nifty. So far, the result season has began on positive start. […]

The combined market valuation of seven of the top-10 most valued firms jumped ₹1,72,225.62 crore last week, with IT bellwether Tata Consultancy Services (TCS) stealing the show, amid a rally in equities. Also read: TCS profits rise 8.8% to ₹12,105 cr in Q1 on India revenue growth Last week, the BSE benchmark jumped 522.74 points, […]

Quant Mutual Fund, under SEBI lens in a front-running case, has appointed Shashi Kataria as Chief Financial Officer. He has taken charge from July 1, said the fund house in a communication to unitholders. Kataria has been appointed as Chief Financial Officer, Operations Head and Executive Director of Quant Money Managers in place of Harshal […]

Whenever some restrictions are imposed by exchanges or regulators, market participants, especially day traders and retail investors, turn uncomfortable and raise questions on such moves. All the more so, when the market is in a bullish phase, as it is currently. A recent such move by the National Stock Exchange has raised a hullabaloo from […]

Target: ₹410 CMP: ₹360.25 HealthCare Global Enterprises (HCG) is a market leader in 90 per cent cities where it has established presence. The company is operating at an occupancy of ~64% and has been scouting for acquisitions to expand its footprint. In Oct’23, it acquired SRJ Health Care, a 50 beds cancer care hospital in […]

Target: ₹824 CMP: ₹696 Jupiter Wagons is positioned for substantial growth between FY25E-FY28E, driven by increased wagon production and a strategic diversification plan implemented by the management into segments like wheel manufacturing, brake systems & disc, E-LCV etc. At a macro level, the capital expenditures by Indian Railways on the Dedicated Freight Corridor are expected […]

*Researchbytes Analyst App * https://play.google.com/store/apps/details?id=com.intelegain.rb Recent Interview… As of 18:34 PM Thursday 11 July 2024 Bikaji Foods: Manoj Verma, COO We Aim To Double Our Exports Business In The Next 3-4 Years: Bikaji Foods GE Shipping: G Shivakumar, ED & CFO GE Shipping: Development Fund To Power Up Shipping Inds, Elevated Delivery Rates To Sustain? […]

Glenmark Life Sciences (GLS) shares dipped over 4 per cent, ending the day at ₹842.85, on the BSE, following the announcement by Glenmark Pharmaceuticals that it was exiting the residual 7.84 percent stake in GLS through an offer for sale. The floor price for the offer was fixed at ₹810 per share, the company said. […]

Stock markets have seen a solid run in the past few months scaling all peaks in the vicinity. The rally, with support from domestic and global macros, shows no signs of slowing down despite a fee corrective blips here and there. The bull market is here to stay, say industry pundits. “The mid-caps and small-caps […]

Emcure Pharmaceuticals Ltd and Bansal Wire Industries on Wedneday made a fabulous listing with a premium of 31 per cent and 37 per cent, respectively. Against the IPO price of ₹1,008, the stock of the pharma major listed at ₹1,325.05 on the BSE and rose to a high of ₹1,384. However, profit taking dragged the […]

Emkay Global has re-initiated coverage on HG Infra Engineering Ltd. (HGIEL) with a BUY rating and a target price (TP) of ₹2,100 per share. HGIEL has evolved from a small subcontractor into a diversified infrastructure player, boasting excellent operating and financial metrics that have fuelled its rapid, stress-free growth. While HGIEL’s core road segment faced […]

Aqua PMS has returned 76 per cent in its debut year, with an alpha of 37 per cent over the BSE 500, driving its assets under management (AUM) past the ₹340-crore mark. The strategy is run by PL Asset Management, the asset management arm of Prabhudas Lilladher Group. Aqua is a 100 per cent quant-based […]

Domestic markets are expected to open flat on Tuesday, though analysts expect intra-day volatility to continue. Gift Nifty at 24,380 indicates a flat opening. Analysts said the focus shifts to the financial performance of India Inc., which will start trickling from this week. Analysts said that markets could witness a range-bound session due to a […]

Target: ₹300 CMP: ₹244.80 We believe Muthoot Microfin Ltd’s unique risk assessment model using Equifax, dedicated collections team, risk-based pricing, continued tech integration to lower opex, NAT CAT and death insurance to shield asset quality and strong parentage of Muthoot Pappachan Group with high vintage senior management team represent a compelling opportunity in the MFI […]

Dabur remains a top pick in the Consumer Goods sector for Emkay Global due to its diversified portfolio and strong execution. The company’s focus on rural growth remains firm, with distribution expansion showing robust progress. Dabur’s strategy of expanding the Total Addressable Market (TAM) across brands with well-supported category extensions through distribution and marketing continues […]

Eight of the top-10 most valued firms together added ₹1,83,290.36 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, in line with a rally in equities. Last week, the BSE benchmark jumped 963.87 points, or 1.21 per cent. Reliance Industries remained the most valued […]

Can I buy the July expiry TCS 4100-strike call option? Anil Kewalramani Tata Consultancy Services (₹4,011.8): The stock of TCS (Tata Consultancy Services) has been in an uptrend since early June, after finding support at ₹3,600. But in the last few sessions, it has been flat. However, the broader trend is up, and we expect […]

Ahead of Modi 3.0 Government’s full budget on July 23, Foreign Portfolio Investors (FPI) continued to show strong buying interest in Indian equities with net inflows of ₹7,962 crore (near $1 billion) in the first week of July 2024, data with depositories showed.  This was in addition to June 2024 inflows, when FPIs—after remaining net […]

Shares of Nephro Care India on Friday made strong listing by gaining 90 per cent at ₹171 against the IPO price of ₹90. The stock rose further to end at ₹179.5, maximum permssible limit of 5 per cent from the listing price, and made an overall gain of 99.5 per cent. Earlier, the ₹41.26-crore initial […]

The initial public offerings of Emcure Pharmaceuticals Ltd and Bansal Wire Industries received an overwhelming response, especially from qualified institutional buyers  on the last day. The IPO of Bain Capital-backed Emcure Pharma which came out with a price band of ₹960-1,008, was subscribed 67.87 times, while that of Bansal Wire, a 100 per cent fresh […]

The public issue of Emcure Pharmaceuticals closes today and the offer has so far been subscribed 4.98 times. The initial public offering (IPO) of Bain Capital-backed Emcure Pharmaceuticals Ltd has come out with a price band of ₹960-1008. The IPO size is ₹1,952.03 crore – a fresh issue of 79 lakh shares worth ₹800 crore, and […]

While India is fortunate to be growing rapidly even as other countries are seeing a slowdown, there is a need to make sure that the growth is built on a strong foundation, SEBI chairperson Madhabi Puri Buch said on Thursday. “We are a fortunate generation; all the problems that we are dealing with are related […]

Under a new collaboration, Marico will exclusively handle sales and marketing of Kaya’s range of 75-plus science-based personal care products outside of Kaya’s clinics. This collaboration will enhance the brand’s presence and accessibility across markets and channels.  HCL Technologies (HCL Tech) has entered into a collaboration with IBM to establish a Generative AI Center of […]

Shares of Vraj Iron and Steel made robust listing at the bourses on Wednesday. Against the IPO price of ₹207, the stock Vraj Iron listed on both BSE and the NSE at ₹240, a jump of 15.94 per cent. The stock closed with a premium of 21.70 per cent at ₹251.95 and at ₹252 on […]

Sensex, Nifty, Share Prices LIVE: The outlook for Jyothy Labs is bullish. The strong 5.75 per cent surge on Tuesday has taken the share price well above the ₹460-470 resistance cluster. The region between ₹465-460 will now act as a good support zone now. Any intermediate dips are likely to be limited to this support […]

Shares of Allied Blenders and Distillers made a decent listing on Tuesday by gaining a little over 13 per cent. As against the IPO price of ₹281, the stock listed at ₹318.10 on the BSE and hit a high of ₹324.40 and a low of ₹306.70, before settling at ₹317.85, up 13.11 per cent over the […]

DCX Systems has received a contract/ order for ₹1,250 crore from Larsen & Toubro, India for manufacture and supply of electronic modules. The order is expected to be completed within three years. Cupid has entered into a strategic partnership with SAP to implement the cutting-edge ERP system, SAP S/4HANA Cloud. This initiative underscores Cupid’s dedication […]

The ‘Skin in the Game’ regulation has come as a blessing in disguise for the mutual fund industry as their investments have grown multi-fold last fiscal. Nippon Mutual Fund and Tata MF investments in their own schemes have grown 48 per cent and 45 per cent in the financial year ended March, 2024 to ₹338 […]

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 01 July 2024 ALL UPDATES July 01, 2024 08:04 Stock market live updates: Navin Fluorine International has approved fund raising of up to ₹750 crore through equity […]

eliance Industries share price, Reliance Industries stock price updates: Find all the updates related to Reliance Industries share prices and major developments here. ALL UPDATES June 28, 2024 15:35 RIL Share Price Live Updates: Reliance Industries stock closed at ₹3,126.95 on the BSE on Friday, up by 2.15%, and at ₹3,128.25 on the NSE, up […]

Nomura identifies aggressive expansion targets and stronger balance sheets of major cement players as key drivers for sector consolidation. The current market conditions, reminiscent of FY14-17, indicate better pricing discipline. Ambuja and Ultratech are anticipated to lead this trend. Read also: Goldman Sachs unveils new ratings for cement stocks: Ultratech, Shree, Ambuja, Dalmia, and ACC […]

Stanley Lifestyles, a prominent luxury furniture brand in India, has made a significant debut on the stock exchanges, listing at ₹494.95 per share. This marks a gain of 34.13 per cent over its issue price of ₹369. Shivani Nyati, Head of Wealth at Swastika Investmart, said that while the debut is positive, it has fallen […]

Target: ₹610 CMP: ₹483.30 Eureka Forbes (EUREKAFO), in its first analyst meet post the demerger, articulated its long-term growth strategy. It expects growth to hinge on product innovation, premiumisation (better aesthetics/ features), penetration (in all channels), reduction in the cost of product ownership (entry price point of ₹6,499 versus ₹12,000 average price), annual maintenance services […]

Shares of Stanley Lifestyles on Friday made a decent debut at the bourses by gaining 35 per cent over IPO price. Against the IPO price of ₹369, the stock was listed at ₹499 on the BSE, a premium of 35.23 per cent, and at ₹494.95 on the NSE, a premium of 34.13 per cent. The stock […]

Bharat Heavy Electricals Ltd has bagged the ₹13,300 crore order to set up a 1600 MW thermal power plant in Koderma in Jharkhand from Damodar Valley Corporation (DVC). JSW Infrastructure on Thursday said it will acquire 70.37 per cent shareholding in Navkar Corporation, engaged in the logistics and cargo transit service industry, for around ₹1,012 […]

Market has overcome the election result-induced volatility early this month to score handsome gains. With just one day left, the NSE Nifty50 and the BSE Sensex have gained 6.72 per cent and 7.14 per cent, respectively, so far in June, set for their best one-month gain since December 2023. The Nifty50 gained 0.74 per cent […]

Reliance Jio Infocomm acquired additional spectrum in the 1800 MHz band in Bihar and West Bengal circles at a cost of Rs 973.63 crore in the auction conducted by the Department of Telecommunications which concluded on Wednesday. Vodafone Idea (Vi) has acquired 50 MHz of spectrum across low-band (900 MHz) and mid-band (1800 MHz and […]

BSE Sensex climbed 620.73 pts or 0.80 per cent to close at 78,674.25 on Wednesday, and Nifty 50 was up 147.50 pts or 0.62 per cent to close at 23,868.80. Commenting on nifty outlook, Shrikant Chouhan, Head Equity Research, Kotak Securities, said, “Technically, after muted opening market successfully cleared the short-term resistance of 23750/78250 and post […]

The ₹171-crore initial public offering from the Raipur-based Vraj Iron and Steel will open today and close on June 28 (Friday). The company has pegged the price band at ₹195-207. The issue is entirely fresh. The lot size is 72 equity shares and in multiples of 72 thereafter. The company will use the IPO proceeds […]

Target: ₹2,556 CMP: ₹2,329.35 Over the last five years, Ajanta Pharma’s ROE has improved by about 400-500bps led by buybacks. Combined, the company has concluded buyback of ₹1,100 crore during this period. First-to-market products remain a key driver of India growth. Nearly 50 per cent of the 300+ products that Ajanta has, are FTM. This […]

Target: ₹57 CMP: ₹45.85 Ujjivan Small Finance Bank hosted an analyst meet recently to showcase its asset verticals, liabilities and technology functions. With Mr Sanjeev Nautiyal expected to take charge as MD & CEO in July 2024, management reiterated its focus on loan mix diversification, improving deposit franchise and enhancing productivity. Management also highlighted higher […]

Market buzz has it that Highdell Investment and Macritichie Investments plan to sell 7 per cent and 3.4 per cent stake respectively in Car Trade Tech on Monday via block deals. The likely floor price is ₹820 a share, according to markett sources. Garden Reach Shipbuilders and Engineers (GRSE) Ltd has signed an agreement with […]

Reflecting optimism over the Modi 3.0 Government’s policy continuity, Foreign Portfolio Investors (FPIs) doubled down on their investments in Indian equities last week, becoming net buyers of ₹12,170 crore through June 21, official data showed. These net inflows contrasted with net outflows of ₹14,794 crore in the first week of June. The FPI net outflows […]

Facing opposition fire, for exit polls allegedly being used for stock market manipulation, Axis My India’s chief, Pradeep Gupta, has said, he is open to facing all kinds of investigations, and it would help do business in a much better way, if the government frames specific regulations for pollsters. Also read:Rahul Gandhi demands JPC probe […]

Small and mid-cap stocks are turning red-hot with the Narendra Modi-led NDA government forming government for the third consecutive terms. While the run-up in small-cap stock price has been giving sleep-less nights for regulators, the earnings of small companies have also been rising steadily with the increase in flow of fresh orders, better execution and […]

The pre-listing shareholder lock-in periods of 46 companies will be lifted between June 24 and September 30, potentially freeing  up shares worth nearly $12 billion for secondary sales. The estimates are based on shareholder analysis for firms listed up to June 19, according to Nuvama Alternative & Quantitative Research.  The shares are primarily held by […]

Target: ₹9,984 CMP: ₹9,575 We met with the management of Bajaj Auto wherein the management gave a detailed overview of its 2W/3W/EV businesses. The management expects African volume to continue to be under pressure due to currency devaluation; however, the absence of African volume has been offset by a better mix in its international volume. […]

Sensex, Nifty, Share Prices LIVE: The outlook for Indian Hotels is bullish. The stock has been moving up very well since the beginning of this month. The 4 per cent rise this week has taken the share price well above the key intermediate resistance level of ₹620. The region between ₹625 and ₹620 will now […]

Target: ₹710 CMP: ₹589.95 HDFC Life Insurance Co Ltd (HDFC Life), a subsidiary of HDFC Bank, provides insurance services — life, health, property and automobile protection, among others. In Q4FY24, HDFC Life reported a net premium growth of 5.5 per cent y-o-y to ₹20,488 crore. Decline in new business premium was offset by a growth […]

Sensex, Nifty, Share Prices LIVE: The stock of Sun TV Network began its latest leg of uptrend in early April after taking support at ₹600. The rally accelerated in June, surpassing resistance at ₹700 and ₹750. Although the stock has been staying sideways over the past few sessions, the chart shows that there is considerable […]

Target: ₹300 CMP: ₹410.40 As part of its strategy of focusing on the dwindling core business viz. Payments and Financial Services post RBI action, One97 Communications owners of Paytm is exploring a deal with Zomato (foodtech) to transfer its high-margin (take rate: 5-8 per cent) movies and event ticketing business (a subset of Marketing Services); […]

Sensex, Nifty, Share Prices LIVE: MMTC has made a strong, bullish breakout. The stock price surged over 9 per cent on Tuesday taking it very well above the key resistance at ₹80. This breakout has boosted the momentum. The level of ₹80 will act as good resistance-turned-support. Intermediate dips are likely to be limited to […]

Benchmark equity indices Sensex and Nifty ticked higher to hit lifetime high levels on Tuesday, helped by hectic buying in market heavyweights ICICI Bank, HDFC Bank and Infosys amid a firm trend in global equities. Besides, fresh foreign fund inflows boosted investor confidence, traders said. In a range-bound session, Sensex and Nifty settled at their […]

India’s currency, debt and equity markets will be closed on Monday, June 17, for a holiday. Trading will resume on Tuesday, June 18. Indian shares logged record closing highs for a second straight session on Friday, driven by state-run companies and energy stocks on hopes of continued capital expenditure spending by the new government. The […]

JM Financial Ltd (JMFL) on Saturday said it had received an administrative warning letter from SEBI. This warning pertains to the company’s role as a Merchant Banker in relation to certain past public issuances of non-convertible debentures (NCDs) JMFL, in an exchange filing, said the SEBI letter is pursuant to an inspection conducted by it, […]

Foreign Portfolio Investors (FPIs) halted their equity selling spree, becoming net buyers in the cash market this past week as equity markets stabilized post-poll volatility and rallied to new all-time highs, driven by expected policy continuity and an upgraded GDP growth forecast from the RBI. The buying interest this past week helped trim the net […]

Shares of Purple Finance were listed on the BSE on Friday. After opening at ₹125.28, the stock surged further to a high of ₹131.54 and a low of ₹119.02, before closing at ₹123.70. In a reverse merger, Purple Finance was merged with BSE-listed Canopy Finance Ltd Amitabh Chaturvedi, Promoter & Executive Chairman, Purple Finance, said: […]

Auto behemoth Hyundai Motor India Limited’s (HMIL) moved a step closer to an initial public offering (IPO) in the Indian market, with the company set to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) anytime now. Sources close to the development told businessline that the company is […]

The board of EIH Associated Hotels has recommended the capitalisation of reserves by issuing bonus shares in a ratio of 1:1. As per the stock exchange disclosure, a total of 3,04,68,147 equity shares with a face value of ₹10 each will be issued. The amount of ₹30.46 crore will be appropriated from the securities premium […]

The market regulator’s expansive definition of promoters for companies going public may put them in a bind over how to reward founders. Since promoters are ineligible to be granted employee stock option plans (ESOPs), the new-age firms may turn to alternatives such as phantom stock units, warrants and sweat equity to compensate founders. The market […]

Larsen & Toubro’s hydrocarbon vertical has secured an order from the Oil & Natural Gas Corporation (ONGC) for Daman upside development project-wellhead platforms and pipelines (DUDP-WP), off the country’s west coast. The contract is valued at 2,500-5,000 crore. The scope of work includes engineering, procurement, construction, installation, and commissioning of four wellhead platforms, 140-km pipeline […]

Target: ₹170 CMP: ₹216.95 In next 3-4 years, we expect India’s gas consumption to rise from 191mmscmd in FY24 to 218mmscmd. While GAIL’s transmission would grow by 8 per cent c in FY24-26, trading is expected to grow a tad lower (6 per cent). Petrochemical and LPG are expected to remain muted. India’s trunk gas […]

Nifty 50 rose by 149.70 pts or 0.64 per cent to trade at 23,414.55 as of 12.41 pm, and BSE Sensex jumped 455.41 pts or 0.60 per cent to trade at 76,912.00. All sectoral indices traded in the positive zone except FMCG and realty stocks. The Nifty media, oil and gas, and PSU Bank stocks […]

Target: ₹1,050 CMP: ₹835.25 State Bank of India has delivered a strong all-round performance for the past few years and has achieved new milestones in profitability (PAT surpassed ₹60,000 crore in FY24). The bank has demonstrated considerable improvements in underwriting standards, while the consistent strengthening of its balance sheet has brought NPAs to pristine levels. […]

Shares of NBCC Ltd jumped 10 per cent on the NSE on Tuesday following new work orders worth ₹878.17 crore. According to the company’s stock exchange filing, it has received ₹700-crore worth order from Kochi Metro Rail Ltd (KMRL) for the development of 17.4 acres (five contiguous land parcels) in Kakkanad, Ernakulam district, Kochi, and […]

Shares of Kronox Lab Sciences on Monday ended with a premium of 18 per cent at ₹159.35 against the issue price of ₹136 on the BSE. The shares were listed at ₹165, which is also day’s high and hit a low of ₹156.80 during the day On the NSE, the stock, after listing at ₹164.95, […]

Inflows into the equity schemes of mutual funds increased 83 per cent last month, to ₹34,697 crore, against ₹18,917 crore in April, largely boosted by new fund offer of HDFC Mutual Fund, and investors using the volatility in the market, to pump in more money. Also read:Equity MF flows dip 16% in April The thematic […]

SEBI plans to change the selection criteria for entry and exit of stocks in the derivatives market to reflect current market conditions. About two dozen of the 182 companies that are part of the F&O segment could see an exit if the new rules are implemented, according to Nuvama Alternative & Quantitative Research. These include […]

APL Infrastructure, promoter entity of APL Apollo Tubes, on Friday, pared a little over 1 per cent stake in the company, for ₹485 crore, through an open market transaction. Also read:APL Apollo plans Rs 100-cr tube unit in Gujarat According to the bulk deal data available with the National Stock Exchange (NSE), APL Infrastructure, offloaded […]

Foreign Portfolio Investors (FPIs) continued to be net sellers of Indian equities in the first week of June, despite a market rebound from the 5.9 per cent crash of benchmark indices on Tuesday, due to the unexpected results on election day, June 4. Also read:FPIs increase Indian equities sell-off in May amid election concerns, favourable […]

The bulls were firmly in control on Friday as higher GDP growth forecast, dovish commentary from RBI and hopes of political stability at the Centre took the benchmark indices to fresh all-time highs. Also read:Stock market today: Sensex hits all-time high, as RBI raises GDP growth projection The Reserve Bank of India revised its GDP […]

Shares of CMS Info Systems have been on the rise on on Friday hit an all-time high of ₹474.20 on the BSE, as analysts remained bullish on the stock due to its strong fundamentals, besides future growth potential. The stock closed at ₹465.25 — a gain of 115 per cent for its IPO investors. Also […]

Tata Consultancy Services Ltd.’s shares were up by 2.02 per cent after the company announced the launch of TCS AI WisdomNextTM, a platform designed to aggregate Generative Artificial Intelligence services into a single interface. The platform aims to facilitate the adoption of next-gen AI technologies for large organizations to provide cost-effective and regulatory-compliant solutions. The […]

The Board of Directors of Bajaj Housing Finance Ltd (BHFL) on Thursday approved an initial public offering (IPO) comprising fresh issue of equity shares of ₹10 each aggregating up to ₹4,000 crore and an offer for sale (OFS) of equity shares. The fresh issue of equity shares is subject to any revisions to such amount […]

Orchid Pharma Ltd.’s shares were up 4.26 per cent after the company secured approval from the Drugs Controller General of India (DCGI) to manufacture and market its new antibiotic drug combination of Cefepime and Enmetazobactam. The company said this marks the first time it has developed and produced an antibiotic drug combination in India. The […]

Sundaram Mutual believes the froth in the market is yet to settle after the dramatic fall of 6 per cent post the unexpected election outcome and subsequent bounceback of 3 per cent on Wednesday. Anand Radhakrishnan, CEO, Sundaram Mutual said some of the sectors such as infrastructure and capital goods have run-up in the last […]

Greaves Cotton Limited’s shares were up by 4.20 per cent after the company’s subsidiary, Greaves Electric Mobility Private Limited, announced the commencement of deliveries for the Nexus electric scooters in Bangalore. The company said that the Ampere Nexus is locally designed, developed, and manufactured in India. The company said that the phased delivery of Nexus […]

Tanvee Gupta Jain, Chief Economist at UBS India After a weak political outcome, we believe investors will focus on: government formation and choice of prime ministerial candidate considering the BJP does not have a simple majority of its own. Will it still be Modi or someone else?; policy choices to support growth vis-à-vis ensuring macro […]

Easy Trip Planners Ltd announced that EaseMyTrip commenced its 16th anniversary sale, offering discounts on various travel services from June 4 to June 11, 2024. This sale includes deals on domestic and international flights, hotels, buses, cabs, trains, and holiday packages.  During this period, travellers can benefit up to ₹7,500 off on flights, ₹10,000 off on […]

Target: ₹2,124 CMP: ₹1,719.05 Kotak Mahindra Bank (KMB) has shown a decline in performance over the last three years (3Y return: -7.4 per cenet, 1Y return: -13.3 per cent) compared to the returns of Bank Nifty (3Y return: 37.4 per cent, 1Y return: 11.5 per cent) and Nifty (3Y return: 43.6 per cent, 1Y return: […]

The State Bank of India (SBI) ‘s market capitalisation crossed the ₹8 lakh crore mark on Monday after the bank’s shares surged to a record high of ₹907. SBI is now the third-largest bank in India by market cap, very close to ICICI Bank which is second largest. The bank’s market cap milestone was reached […]

The Securities and Exchange Board of India (SEBI) has sent a 31-point advisory to investment bankers, requiring enhanced disclosures and increased due diligence on companies tapping the market for initial public offerings (IPOs). The advisories may make life difficult for companies, bankers and legal firms alike, make offer documents bulkier and push back IPO timelines […]

Kotak Alternate Asset Managers sees Nifty50 scaling up to 24,600 a year from now, its Chief Investment Strategist, Jitendra Gohil has said. Also read:Nifty50 likely to reach 24,500 by December end: Emkay Investment Managers To arrive at this target, it has pencilled in a 20 price earnings multiple on a Nifty EPS of 1230 for […]

Ahead of the June 4 general election results, Foreign Portfolio Investors (FPIs) have aggressively sold ₹25,586 crore in Indian equities in May 2024, data with depositories showed.  Also read:FPIs raise short exposure on index futures as election D-day looms With FPIs entering the event with record short positions in index futures in value terms, an […]

The National Stock Exchange, last week, took an important decision for the first time since its inception in 1994 with respect to tick sizes. The leading exchange in terms of trading volume has reduced the tick size — the minimum price by which stock prices can change — to one paisa for all stocks below […]

Stock markets snapped their five-day losing run on Friday with the benchmark BSE Sensex closing higher by 75 points on value-buying in banking and oil shares after recent losses. Also read:Stocks that will see action today: May 31, 2024 The 30-share BSE Sensex rose by 75.71 points or 0.10 per cent to settle at 73,961.31. […]

Equity benchmark indices rebounded in early trade on Friday, after falling for the past five days, amid a rally in Asian markets along with buying in index majors Larsen & Toubro and Mahindra & Mahindra. The 30-share BSE Sensex climbed 550.22 points to 74,435.82 in early trade. The NSE Nifty went up by 147.15 points […]

SEBI has launched the beta version of its settlement calculator to simplify and provide greater transparency in arriving at the indicative settlement amount as laid down in its 2018 settlement regulations. A settlement allows an alleged wrongdoer to settle a pending matter without admission or denial of guilt by paying charges. Also read:SEBI may tweak […]

The BSE Sensex, a key indicator of the Indian stock market, experienced a decline of 0.55 per cent or 412 points, trading 74,090. Similarly, the NSE Nifty, another crucial benchmark, was at 22,564, down by 0.62 per cent or 140 points. A total of 3,811 stocks were actively traded; 1,242 advanced, while 2,452 declined, and 117 stocks […]

Mahindra Manulife Mutual Fund has launched an open-ended equity mutual fund scheme — Mahindra Manulife Manufacturing Fund. The scheme is aimed at investing predominantly in equity and equity-related securities of companies engaged in manufacturing theme. The new fund offer (NFO) of the scheme commences on May 31 and concludes on June 14. The scheme will […]

Suzlon Energy Ltd’s shares were up by 3.84 per cent after the group reported that it had secured a 551.25 MW wind power project from the Aditya Birla group. The project involves installing 175 wind turbine generators, each with a capacity of 3.15 MW, across two sites: 368.55 MW in Barmer, Rajasthan, and 182.70 MW […]

Target: ₹1,535 CMP: ₹1,188.95 Affle’s (India) Q4FY24 revenue stood at ₹506.20 crore up, 1.5 per cent q-o-q/42.3 per cent y-o-y, beating our estimates of ₹499.8 crore, driven by steady growth in CPCU revenue. EBITDA margin was flat at 19.4 per cent, on q-o-q and y-o-y basis, slightly beating our estimate of 19.2 per cent. CPCU […]

The US stock market is finally as fast as it was about a hundred years ago. That was the last time share trades in New York settled in a single day, as they will starting Tuesday under new Securities and Exchange Commission rules. The change, halving the time it takes to complete every transaction, also […]

Benchmark indices retreated after hitting fresh highs on Monday amid profit booking. The Sensex hit a fresh high and crossed 76,000 before ending at 75,391, down 0.03 per cent, amid weakness in metal and auto shares. The Nifty was down 0.11 per cent to 22932. Technically, the index found trendline resistance at 23,110 and witnessed […]

Shyam Metalics and Energy Limited (SMEL), expanded its rail infrastructure at its integrated steel plant in Pandloi, near Rengali, Sambalpur district, Odisha. This initiative, is part of the company’s long-term strategy for sustainable growth and efficient operations.  Also read:Shyam Metalics commences operations at Ramsarup plant The company informed that the plant, which includes a coal […]

 Telangana Civil Supplies and Irrigation Minister Capt N Uttam Kumar Reddy on Sunday emphasised the efficiency and transparency of the current Congress government’s grain purchasing process, stating that payments to farmers were made within three to four days, unlike during the previous BRS administration.  “We have purchased more paddy and deposited the money into the […]

Foreign investors have pulled out a massive ₹22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections, and outperformance of Chinese markets. Also read:India to see $2.5-billion passive FPI flows after MSCI rejig This came, following a net outflow of over ₹8,700 crore in the […]

Trading in cash equity segment of NSE and BSE have slowed down in the last two months, even as the markets are hitting a new high. Retail and high networth investors are holding back their investments, due to high volatility and run-away valuations amid clouding uncertainty on the General elections outcome. The number of trades […]

Adani Enterprises’ shares have reclaimed the levels seen in January last year, prior to the damaging allegations levelled by short-seller hedge fund Hindenburg Research against the group triggering a sell-off in group stocks that wiped off billions of dollars of investor wealth. Also read: Adani Ports & SEZ to replace Wipro in Sensex On Friday, […]

The biggest winner from the successful Vodafone Idea FPO that was successfully concluded last month was not Vodafone Idea, it was rather Indus Towers which has witnessed a change of fortunes as compared to same time last year.   From a lifetime high of ₹479 in 2015, the stock of Indus Towers was in a […]

Jagsonpal Pharmaceuticals Ltd’s shares were up by 4.71 per cent after the company announced the launch of MemUp, a hormone replacement therapy (HRT) featuring a USFDA-approved combination of bioidentical estradiol and bioidentical progesterone in a single daily oral capsule. MemUp aims to address vasomotor symptoms of menopause, such as hot flashes, night sweats, and sleep issues.  […]

Shares of Uno Minda Ltd surged over 10 per cent on Thursday after reporting strong financial performance for Q4-FY24 and fundraising plans. Also read: Uno Minda signs technical license agreement with Starcharge Energy The company reported its consolidated net profit for the quarter ended March at ₹269 crore (excluding exceptional income) a jump of 47 […]

The NSE Nifty was up by 0.35 per cent or 79.90 points at 22,677.70, while the BSE Sensex was at 74,640 up by 0.57 per cent or 419 points at mid-session on Thursday. Of a total of 3,792 stocks that were actively traded, 1,866 advanced, while 1,773 declined and 153 stocks remained unchanged, where 179 […]

A SEBI committee has suggested changes to the BRSR, or Business Responsibility and Sustainability Reporting, framework.  ESG disclosures for the value chain will be applicable to the top 250 listed entities on a comply-or-explain basis from FY25.  The committee felt the definition of ‘value chain’ needed to be rationalised to cover only significant partners. Accordingly, value chain partners would be redefined […]

Strides Pharma Science Ltd’s shares were up by 0.76 per cent after the company said its step-down wholly-owned subsidiary, Strides Pharma Global Pte Ltd, Singapore, had received approval from the United States Food & Drug Administration (USFDA) for the generic version of Sucralfate Oral Suspension, 1gm/10 mL. This is the first Indian approval for this […]

The market capitalisation of companies listed on BSE crossed $5 trillion for the first time on Tuesday, turning the spotlight on valuations. The number of companies trading at more than 50 times 12-month forward price to earnings multiples has increased 10x over the past 10 years and now stands at 104 (see table). Nifty Midcap […]

Bharat Electronics stock surged, to hit a fresh high at ₹283 on the NSE on Tuesday, after the company reported its financial results for the quarter ended March, 2024. The company reported its consolidated net profit for the quarter ended March, 2024 at ₹1,796.67 crore as against ₹1,382.01 crore in the corresponding quarter ended March, […]

The net SIP inflow into mutual funds fell by 5 per cent to ₹8,660 crore in April against ₹9,109 crore in March largely due to investors hitting the pause button on monthly remittances amid concern over high valuation and uncertainty about the general election outcome. Despite the record SIP inflow of ₹20,371 crore last month, […]

Solara Active Pharma Sciences Ltd has announced that the USFDA has completed the inspection at its multipurpose API manufacturing facility in Visakhapatnam, Andhra Pradesh. The inspection established that the site is in an “acceptable state of compliance” with zero form 483 inspectional observations. The Visakhapatnam facility is a green field project spread over 40 acres […]

Market regulator SEBI has modified the basis for the computation of market capitalisation of listed companies under its LODR regulations. As against an earlier practice of determining the applicability of provisions linked to market capitalisation on a single day’s market cap (currently calculated on March 31), SEBI has now introduced a concept of ‘average market […]

Eight of the top-10 most valued firms added ₹1,47,935.19 crore in market valuation last week, with Life Insurance Corporation of India (LIC) and Reliance Industries emerging as the biggest gainers. Last week, the BSE benchmark climbed 1,341.47 points or 1.84 per cent. The National Stock Exchange (NSE) and BSE conducted a special trading session in […]

Equity benchmark indices closed the special trading session on a firm note on Saturday, extending their rally to the third day running amid fresh foreign fund inflows. The 30-share BSE Sensex climbed 88.91 points or 0.12 per cent to end at 74,005.94. During the session, it jumped 245.73 points or 0.33 per cent to 74,162.76. […]

Foreign portfolio investors turned buyers on Friday for the first time in May, snapping a 11-session selling streak that saw a selloff of over ₹37,000 crore in the cash market. Market pundits attribute the recent bout of selling to a combination of factors — the possibility of the US Fed maintaining a status quo on […]

The ₹2,615-crore IPO of Go Digit General Insurance was subscribed fully on the last day of issue closing on Friday. The issue was subscribed 9.60 times. The IPO came out with a price band of ₹258-272. As against an offer of nearly 5.29 crore shares (net off anchor portion), the IPO received bids for about […]

Veerhealth Care Limited secured an export order worth $197,793 (approximately ₹165 Lakhs) from an institutional supplier in the United States. This order follows a preliminary sample order of oral care products.  Bhavin Shah, Managing Director of Veerhealth Care Limited, said, “I am delighted to share this milestone achievement with you. Securing a significant order from […]

India’s traditional PC market, including desktops, notebooks, and workstations shipped 3.07 million units in Q1 of FY24, registering a year-over-year (y-o-y) growth of 2.6 per cent, according to International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker. Also read:Major PC, server makers to start manufacturing this year under IT hardware PLI scheme: IT Secretary […]

Titagarh Rail Systems stock rose over 7 per cent on Thursday’s trade after Q4 results. The company reported its consolidated net profit for the quarter ended March 2024 at ₹78.94 crore as against ₹48.23 crore in the corresponding quarter last year. Its consolidated revenue from operations stood at ₹1,052 crore for the quarter ended March 2024 […]

Target: ₹4,004 CMP: ₹3,777.05 We revise our FY25 EPS estimate down by 2.6 per cent factoring in execution of a lower than expected order book and downgrade the rating to ‘Accumulate’ from Buy with a revised TP of ₹4,004 (₹3,345 earlier) given the sharp run up in stock price. BEML reported mixed quarterly performance with […]

Shares of Siemens Ltd hit a new high at ₹7,240 on the NSE on May 15, a day after the company announced its Q4 financial results and demerger its energy business into a separate entity that will be listed. The stock traded higher by 7.38 per cent on the NSE at ₹7,151.80 as of 11.33 am. Also read: […]

Mumbai-based Allied Blenders and Distillers and Chhattisgarh-based Vraj Iron and Steel have received green signal from the Securities and Exchange Board of India (SEBI) to go ahead with IPO. The Indian-made foreign liquor (IMFL) maker eyes ₹1,500-crore initial public offering (IPO) that comprises a fresh issue worth ₹1,000 crore and an offer-for-sale of up to […]

Sterlite Technologies (STL) has announced a partnership with du, from Emirates Integrated Telecommunications Company (EITC), one of the top telecom companies in the UAE. Also read:Sterlite Technologies raises ₹1,000 crore via QIP; shares surge The announcement comes on the heels of STL signing a new five-year contract for its optical fibre cables with Du Telecom. […]

Sensex, Nifty, Share Prices LIVE:

Shares of Tata Motors on Monday tanked more than 9 per cent after the company’s March quarter earnings failed to cheer investors.  The stock plunged 9.44 per cent to ₹948 a share on the BSE.  On the NSE, it tanked 9.50 per cent to ₹947.20 apiece.  The company’s market capitalisation (mcap) was wiped out by […]

The combined market valuation of six of the top-10 most valued firms eroded by ₹1,73,097.59 crore last week, with HDFC Bank and Life Insurance Corporation of India taking the maximum hit in line with weak equities. Also read:Mcap of 7 most valued firms climbs ₹67,260 crore; Reliance top gainer Last week, the BSE benchmark tanked […]

Stock markets will be driven by domestic inflation data, ongoing quarterly earnings from corporates and global trends this week, analysts said. News flows around the general election would also be tracked by investors, market experts said. Besides, investors would also take cues from the trading activity of foreign investors, the movement of global oil benchmark […]

The BSE is taking steps to mitigate sudden spikes in options prices. The bourse had seen sudden spurts in two of its derivatives indices on February 2 and April 12, which has prompted the exchange to ramp up surveillance measures. It recently introduced what is called a “limit price protection”, which will place restrictions on […]

Capital markets regulator SEBI has passed an interim order against Varanium Cloud, a company listed on NSE’s SME platform, banning the company and its managing director from accessing the securities market until further notice. The latter has been restrained from acting as a director or key managerial personnel of any listed company or its subsidiary. […]

Buoyant markets tend to work favourably for those players that are part of the ecosystem.  Brokerages, asset and wealth management companies and even private equity/investment players tend to be beneficiaries when markets are on a bull run. Motilal Oswal Financial Services (MOFS) is one such well-entrenched firm that operates across the capital market ambit with […]

NSE Nifty was up by 0.51 per cent, or 111.20 points, to 22,068, while the BSE Sensex was at 72,738.51, up by 0.46 per cent, or 334.34 points. A total of 3,050 stocks were actively traded, 1,277 advanced, 1,670 declined and 103 stocks remained unchanged. 39 stocks hit 52 week high and 27 stocks hit […]

The benchmark indices witnessed a sharp selloff on Thursday amid selling by overseas investors and nervousness around the outcome of the Lok Sabha elections. The Sensex slid 1,062 points, or 1.45 per cent, to 72,404; while the Nifty50 settled at 21,958, down 1.55 per cent, the fifth straight day of decline. Broader indices Nifty Midcap […]

NSE Nifty 50 was down by 0.23 per cent, or 51.40 points, to 22,251, while the BSE Sensex was at 73,238, down by 0.31 per cent, or 227.50 points in early trade. A total of 2,979 stocks were actively traded, 1,527 advanced, 1,352 declined and 100 stocks remained unchanged. And, 83 stocks hit 52-week high […]

BSE will launch single stock futures from July 1, the bourse said on Wednesday. This will be a fortnightly product and will be free of cost initially. Rival NSE currently offers over 180 stocks in index derivatives, but BSE may offer a much lower number to begin with, said market watchers. Also read: BSE Q4 […]

Foreign investors will find it easy to invest in derivative investment as the Reserve Bank of India has amended the FEMA (Foreign Exchange Management Act) regulation to facilitate margin management for trading in permitted derivatives. This will be applicable for transactions taking place in or outside India. The central bank has issued two notifications. The […]

Indian shares inched higher on Tuesday, driven by gains in consumer goods stocks and supported by renewed confidence that major global central banks will start lowering interest rates this year. The blue-chip Nifty 50 added 0.2 per cent to 22,491 points, while S&P BSE Sensex advanced 0.16 per cent to 74,005 points. Fast moving consumer […]

Options writers were caught off guard by freak movements in the underlying indices last month, resulting in losses running into hundreds of crores for large individual traders, said two people in the know. The options strike prices saw unusual spikes on at least three days, all within a few micro-seconds, triggering widespread stop losses and […]

Shares of Kotak Mahindra Bank on Monday rallied nearly 5 per cent after the company reported a 25 per cent growth in its March quarter net profit. The stock climbed 4.85 per cent to ₹1,622.35 on the BSE. On the NSE, it jumped 4.90 per cent to ₹1,622.50. It emerged as the biggest gainer among […]

The government auctioned sovereign green bonds worth ₹20,000 crore in FY24, compared to ₹16,000 crore in FY23 to mobilise resources for green infrastructure projects, particularly for expanding renewable energy capacity. Also read:Indian bond yields stop swaying to the US tune Besides, foreign direct investment (FDI) flows towards non-conventional energy surpassed $2 billion for the second […]

Long-term investors can buy Oil and Natural Gas Corporation (ONGC) (₹286) at current levels. The stock has been in a strong uptrend since April 2020. The price action from July 2015 to November 2023 indicates an inverted head and shoulder reversal pattern. This is a bullish pattern. The strong surge since December last year has […]

I have shares of Trident brought at ₹6.40. What is the long-term prediction for this stock? Can I continue to hold it? Arun Kumar, Coimbatore Trident (₹39.50): You have caught this stock at the bottom. It is now important for you to protect your profits. The long-term picture is looking positive on the charts although […]

Aptus Value Housing Finance Ltd has reported a 21 per cent increase in consolidated profit after tax at ₹164 crore for the quarter ended March 31, 2024, compared with ₹135 crore in the year-ago quarter.   Also read:Aadhar Housing Finance IPO: Price band set at ₹300-315 per equity share The board has declared an interim dividend of […]

Selling by overseas investors in index heavyweights dragged down benchmark indices after a gap-up opening on Friday, capping a volatile week that saw the US Fed keep interest rates steady. Also read:Indices surge on global cues, rally in bank stocks Marginally better than anticipated Q4 earnings and a correction in oil prices led to a […]

Domestic benchmark indices open higher on Friday’s trade. BSE Sensex trader at 75,066.38, higher by 455.27 pts or 0.61 per cent as of 9.27 am; and Nifty 50 traded at 22,782.05, up 133.85 pts or 0.59 per cent. Nifty scaled to a new high at 22,787. Also read: Day trading guide for May 03, 2024: Intraday supports, resistances for […]

The US Federal Reserve’s interest rate googly may be a bit of a dampener for foreign portfolio flows into India in the near term. The Fed chair on Wednesday kept rates steady, hinted at delaying cuts, while shooting down talk of pivoting back to interest rate hikes. The Federal Open Market Committee said there had […]

L&T Technology Services has signed a contract with automotive supplier Forvia. The contract of engineering development activities is approximately valued at €45 million for its clean mobility division. According to the stock exchange filing, about 300 engineers from Forvia’s Augsburg (Germany) and Bangalore (India) sites, have been moved to LTTS as part of the 5-year […]

Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, is set to launch its ₹3,000-crore initial public offering (IPO) on May 8. The initial share-sale will conclude on May 10 and the bidding for anchor investors will open for a day on May 7, according to the Red Herring Prospectus (RHP). The […]

Max Estates Ltd has signed a memorandum of understanding (MoU) with New York Life Insurance Company (NYL) for investment in Max Towers Private Limited (MTPL) and Pharmax Corporation Limited (PCL), a wholly-owned subsidiary. According to the stock exchange filing, NYL will subscribe to 1,07,89,330 equity shares to be issued by MTPL for an aggregate consideration […]

The Chennai-based Veranda Learning Solutions, an enterprise offering end-to-end solutions in the education space, has allotted 20 lakh equity shares to the company’s promoters at ₹307 per share. This allotment follows the conversion of 20 lakh warrants, with the balance amount of ₹46.05 crore, representing 75 per cent of the warrant issue price being paid […]

The wholly-owned subsidiary of Granules India has received Abbreviated New Drug Application (ANDA) approval from the US Food & Drug Administration (USFDA) for colchicine capsules, 0.6 mg. The application was filed by Granules Pharmaceuticals, Inc. (GPI), a subsidiary of the company. According to the stock exchange filing, the capsule is equivalent to ‘mitigare capsules’, 0.6 […]

Target: ₹5,600 CMP: ₹4,714.85 L&T Technology Services (LTTS) is the second ER&D company after PSYS to do a growth margin tradeoff in order to drive MT to LT growth by making investments currently where demand has moved sideways in order to be ready to tap opportunities when the cycle turns. Investments will be in building […]

Domestic benchmark indices opened higher on Monday. BSE Sensex traded at 74,124.96, higher by 394.80 pts or 0.54 per cent as of 9.40 am and Nifty 50 traded at 22,500.10, up 80.15 pts or 0.36 per cent. Also read:Expectations of future monetary policy impact stock markets more than rate announcements: RBI paper “Traders, however, will find opportunities, as […]

Foreign Portfolio Investors (FPIs) remained bearish on Indian equities going by the net outflows of ₹6,300 crore so far this month (till April 26) amid concerns around Mauritius Tax Treaty and US Bond Yield surge.  The geopolitical concerns arising from the Iran-Israel conflict had also weighed in on FPI interest in Indian equities this month […]

To facilitate ease of doing business, markets regulator Sebi on Friday allowed AIFs (alternative investment funds) to pledge their shares in investee companies in the infrastructure sector. Also read:AMFI knocks on SEBI doors to resolve KYC impasse The regulator has also provided additional flexibility to AIFs and their investors to deal with unliquidated investments of […]

News broadcaster NDTV Ltd on Friday reported a 59 per cent jump in March quarter revenue as it expanded digital footprint, gaining a 39 per cent rise in traffic. Also read:Sony, Zee parting ways could rejig Indian media landscape Consolidated net loss of ₹8.74 crore in January-March compared with loss of ₹1.35 crore profit in […]

ATC Telecom Infrastructure on Friday sold its entire 2.87 per cent stake in telecom operator Vodafone Idea for ₹1,840 crore through an open market transaction. American Tower Corporation (ATC) Telecom Infrastructure is one of the largest infrastructure service providers for Vodafone Idea. Also read:ATC to convert Vodafone Idea OCDs worth ₹1,440 crore into equity According […]

Capital markets regulator Securities and Exchange Board of India (SEBI) has pointed out discrepancies in fees paid by BSE to the regulator on derivatives contracts. Also read: AMFI knocks on SEBI doors to resolve KYC impasse Since the introduction of derivatives contracts in June 2000, BSE has been paying the regulatory fee on the annual […]

Equity benchmark indices climbed in early trade on Friday, extending their rally for the sixth day running, on heavy buying in Tech Mahindra and firm trends in Asian markets. The 30-share BSE Sensex climbed 176.47 points to 74,515.91 in early trade. The NSE Nifty went up by 50.05 points to 22,620.40. From the Sensex basket, […]

The revised derivative market lot of Nifty 50 will take effect from Friday. Earlier this month, the National Stock Exchange (NSE) announced a revision in lot size from 50 to 25 for Nifty50. The bourse had also reduced the market lot of Nifty Financial Services to 25 from 50 and Nifty Midcap Select to 50 […]

The benchmark indexes are set to open marginally lower on Thursday, after gaining for four sessions in a row, with focus on Kotak Mahindra Bank after the Reserve Bank of India barred the lender from taking on new clients digitally. GIFT Nifty was trading at 22,354.50, as of 08:10 a.m. IST, indicating that the Nifty […]

Target: ₹887 CMP: ₹721.20 Cyient DLM Limited (CDLM) Q4-FY24 quarterly numbers were broadly in line with JMFe. Rev at ₹360 croreup 30 per cent y-o-y driven by growth in defence seg. (78 per cent y-o-y), aerospace seg. (52 per cent y-o-y), and medical seg. (26 per cent y-o-y). However,Industrial seg. saw de-growth (-57 per cent […]

The public issue of heating equipment maker JNK India Ltd was subscribed 0.49 times. The issue, at a price band of ₹395-415, received bids for 53.91 lakh shares against the offer size of 1.10 crore shares (Net off anchor portion). The minimum lot size is 36 shares. The ₹650-crore IPO is a combination of fresh […]

Target: ₹1,590 CMP: ₹1,322.30 In our initiating coverage report on Adani Ports & SEZ Ltd in Oct’23, we had highlighted that the company’s improving utilisation levels at its current ports, along with its ramping up of volumes at newly acquired ports, will position the company to exceed its FY24 volume guidance and expand its market […]

The public issue of heating equipment maker JNK India Ltd opens today and closes on April 25 (Thursday) at a price bad of ₹395-415. The minimum lot size for the IPO stands at 36 shares. The ₹650-crore IPO is a combination of fresh issue of equity shares worth up to ₹300 crore and an offer […]

Sify Ltd, the Chennai-based ICT service and solution provider, reported a consolidated net profit of ₹3.8 crore for the fourth quarter ended March 31, 2024, as against ₹3.4 crore in the same quarter last year. Revenue was up 8 per cent to ₹963 crore (₹886 crore). Also read:Sify data centre in Mumbai goes live; Chennai, […]

The new week is likely to begin on positive note for domestic markets, despite global uncertainty. Analysts said the on-going result season will keep interest among individual stocks while the broader trend would be dictated by global sentiment. The upcoming monthly expiry of F&O contracts on the NSE this Thursday will increase volatility, they added. […]

Foreign Brokerage Bernstein, part of Societe General Group, sees profit booking post-elections in the Indian equity markets coming anyway, noting that the election results will only serve as a trigger point for the inevitable.  Also read:Indices tumble over 1% on weak global cues, profit booking It sees little getting changed from 2019, when NDA got […]

Nifty 50 (22,147) and Bank Nifty (47,574) lost 1.7 per cent and 2 per cent respectively last week. Consequently, the futures contract of these indices too fell. Below is an analysis of futures and options data and projection for this week. Nifty 50 Nifty futures (May expiry) (22,275) lost 2.1 per cent over the last […]