Premier Energies Limited, an integrated solar cell and solar module manufacturer with an annual installed capacity of 2 GW and 3.36 GW respectively, has filed the draft red herring prospectus (DRHP) with SEBI to raise over ₹1,500 crore through an initial public offering (IPO). Also read:Premier Energies bags ₹1,700-crore order from NTPC The 29-year-old company, […]

The sachet — till now identical with shampoos, pickles, kumkum and a host of other consumable products — will soon see a new product packed into it. Yes, small-amount mutual funds will hit the market soon, if the wishes of SEBI chief Madhabi Puri Buch fructify. The Securities and Exchange Board of India is considering […]

Target: ₹1.277 CMP: ₹954.80 An all-India retailer of gold and diamond jewellery at various prices, Senco Gold has major market share in East with ~79% of its store presence (FY23) in the east India. With its focus on light-weight jewellery and extensive retail network, it aims to cater to a wider customer base. ts hub-and-spoke […]

Domestic market opened lower on Friday’s early trade. BSE Sensex was down by 477.79 pts or 0.66 per cent to trade at 72,011.20 as of 9.31 am, and Nifty 50 declined by 165 pts or 0.75 per cent to trade at 21,830.85. All sectoral indices traded in the negative territory. Nifty realty, PSU bank, IT, auto, and media declined over 1 per cent as […]

ICICI Securities, soon-to-be-delisted, has reported a 104-per cent year-on-year rise in consolidated net profit for the quarter ended March 2024. Its net zoomed to ₹535.35 crore for March 2024 crore as against ₹261.95 crore reported in year-ago comparable period. Total revenues rose 74 per cent to ₹1,542.85 crore (₹884.69 crore). The board has recommended a […]

Domestic benchmark indices opened marginally higher on Thursday. BSE Sensex traded at 73,204.65, up by 260.97 pts or 0.36 per cent as of 9.38 am, and Nifty 50 traded at 22,230.70, up 82.80 pts or 0.37 per cent. Sectoral indices traded in a mix. Nifty PSU Bank, oil & gas, and media were up over […]

Infosys Ltd has announced a collaboration with Proximus, Belgium’s digital services and communications solutions provider, on the ServiceNow platform. The IT major has supported Proximus to standardise its existing processes on the ServiceNow platform and transform its customer service management (CSM) operations. As part of the engagement, Infosys has overhauled Proximus’ CSM operations with Infosys […]

Indian stock exchanges are shut on Wednesday for Ram Navami, with normal trading activities now resuming Thursday. The next stock market holiday is on May 1, for Maharashtra Day. On Tuesday, the Indian stock markets closed with the third successive weak session in line with global market weakness after the escalation of the Iran-Israel conflict. […]

Target: ₹375 CMP: ₹309.20 ASK Automotive (ASK) is the leading manufacturer of 2W brake shoe and drum braking systems with a combined about 50 per cent market share. Despite being a late entrant, the company has emerged as a sizeable player in aluminium light-weighting components (ALP) and safety control cables (SCC) for the 2W segment, where […]

Domestic markets are expected to open weak on Tuesday as war clouds continue to shake investors’ confidence across the globe. Gift Nifty at 22,137 indicates a further 220 points, as NIfty April futures closed at 22,357 on the NSE on Monday. Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, said geopolitical uncertainty had […]

Indian equities extended losses for a second straight day as Israel weighed its response to a direct attack by Iran. Shares fell across Asia. Gold held firm even as oil prices inched lower on hopes the diplomatic efforts would curtail a larger conflict in West Asia. Also read: Analysts remain bullish on asset management companies […]

Locks and security solutions company Godrej Locks has said it aims to increase market share from 30 per cent to 50 per cent in three years, riding on a new range of affordable products and reduced prices of existing ones. Also read:Godrej & Boyce looking to ramp up distribution of consumer businesses in smaller cities […]

The majority of portfolio management services (PMS) schemes outperformed the benchmark Nifty 50 and BSE 500 in financial year 2024 amid a rally in mid and small-cap stocks. As much as 80 per cent, or 264 of the 324 schemes, were able to beat the returns generated by Nifty, data from PMS Bazaar show. The […]

Even as the primary market is buzzing with activity, mutual fund is not far behind, thanks to a vibrant secondary market. With most benchmarks from BSE Sensex and NSE Nifty50 to SmallCap/MidCap hitting new highs, fund houses are launching new products to capitalise on the momentum across sectors, themes and market-capitalisation. For instance, Tata Mutual […]

Under Prime Minister Narendra Modi, India’s stocks have commanded an unprecedented premium to emerging-market peers. As he seeks a third successive term, investors are betting that the performance can continue. Modi is likely to spend heavily on manufacturing and infrastructure should he win, continuing a strategy that wooed money managers during his decade in power. […]

The board of Aster DM Healthcare on Friday approved a special dividend of ₹118 a share payable to those shareholders whose names stand on the Register of Members of the Company as on April 23 (record date). The dividend will be paid within 30 days. Also read: Olympus Capital plans $235 mn stake sale in […]

Indian equities slid over 1 per cent on Friday amid selling by overseas investors and negative global cues. The possibility of fewer rate cuts by the US Federal Reserve this year, surge in commodity prices and the amendment in the India-Mauritius tax treaty spooked investors. Brent crude prices inched higher to $91 per barrel, while […]

The Bharti Hexacom’s stock will be listed at the bourses today. The company has fixed the IPO price at ₹570. The ₹4,275-crore issue came out with a price band of ₹542-570 Thanks to a strong response from institutional investors, the public issue of Bharti Hexacom was subscribed nearly 30 times. The portion allocated for QIBs […]

Investors in India are warming up to thematic investment, going by the recent trend in inflows. However, it is an established practice globally, especially among well informed investors. SBI Funds Management’s joint venture partner Amundi, the world’s fifth-largest asset manager, has a separate arm, CPR Asset Management, headquartered in Paris, which specialises in thematic investments. […]

Target: ₹1,070 CMP: ₹ 896.75 Jindal Steel and Power’s strategic expansion would augment its crude steel capacity by 65 per cent to 15.9m tonnes and enrich its product mix. As India enters a nation-building phase, demand for steel is likely to be robust. Therefore, with the company’s huge capacity expansion, we factor in a about […]

Even as Vodafone Idea (Vi) is looking to do a follow-on public offer to raise ₹20,000 crore, analysts at CLSA warned that shares of the cash-strapped telecom operator could drop as much as 61 per cent to ₹5, if the company continues to see subscriber churn. The latest data from telecom regulator, TRAI, reveal Vi […]

Domestic equities are expected to open on a weak-to-flat note on Wednesday. Profit taking amid valuation concerns will keep domestic markets under pressure, said analysts. Asian stocks are mixed ahead of key inflation data in the US, which will give some cues about Federal Reserve’s next steps on inflation rate. Australian shares edged higher even […]

The benchmark Sensex hit a fresh high and nudged past the psychological mark of 75,000 on Tuesday before slipping in late trade due to profit booking. Also read:Markets settle lower after hitting record peaks in intra-day; Sensex breaches 75,000-milestone The gauge has taken more than three years for its journey to 75,000 from 50,000 and […]

India’s benchmark share indexes were set to open at new all-time highs on Tuesday, helped by sustained inflows from domestic investors and financial updates from companies ahead of the earnings season. GIFT Nifty was trading at 22,839 as of 8:06 a.m., indicating that the NSE Nifty 50 will open above its Monday close of 22,666.30. […]

Domestic market is expected to open on a flat note on Monday, tracking mixed global cues. Analysts expect the market to remain volatile during the day due to selling by foreign portfolio investors and domestic institutions’ counter buying. Truncated week (market is closed on Thursday on account of Ramzan Id) is likely to keep local […]

Companies that made their debut on the bourses in the last financial year raised over ₹1,300 crore by way of pre-IPO placements. Also read:Unrealistic valuations could hit IPO prospects of internet companies This is three times the amount collected through this route in the last fiscal and the highest mop-up since FY17, the year from […]

Telecom operator Vodafone Idea’s share sale of ₹20,000 crore through a follow-on public offer is expected to hit the market within a month, sources said. Roadshows have already drummed up support from institutional investors. Despite the huge size of the issue, which will be fresh equity since the company needs the funds, investment banking circles […]

Last week, APSEZ announced the acquisition of Gopalpur Port in Odisha, which will make it the seventh Indian port to be acquired by the company since 2014. It currently has a total capacity to handle around 607 million metric tonnes (MMT) (around 355 MMT on the West coast and around 252MMT on the East coast). […]

Thanks to a strong response from institutional investors, the public issue of Bharti Hexacom was subscribed nearly 30 times. The ₹4,275-crore issue, which opened at a price band of ₹542-570 on Wednesday, received bids for 123.24 crore shares against an offer of 4.12 crore shares (net-off anchor portion). Also read:IPO screener: Bharti Hexacom issue closes […]

TAC Infosec, risk and vulnerability management company, on Friday made a strong debut on the NSE Emerge platform. The stock was listed at ₹290, a premium of 174 per cent over IPO price of ₹106. The stock rose further to end at ₹304.50. Trading volume stood at 14.60 lakh shares. Also read:TAC Security eyes turnover […]

Domestic markets are expected to open negative on Friday. The focus will be on the outcome of the Reserve Bank of India’s credit policy. Besides, global cues will set the tone for the domestic market. Gift Nifty at 22,525 signals, a gap down opening of about 100 points for NIfty, as Nifty April futures on […]

Target: ₹1,948 CMP: ₹1,664.85 Muthoot Finance is in a sweet spot, given robust growth prospects backed by sound fundamentals and sectoral tailwinds. Fundamentals are underscored by proven moats of leadership and higher productivity (AUM per branch at ₹14.50 crore vs ₹8 crore for IIFL Finance and a mere ₹5.6 crore for MGFL), steady-state branch and […]

Domestic markets are likely to open on a positive tone, according to Nifty futures at Gift City. Analysts expect the consolidation phase to continue due to the lack of triggers. The focus is on the RBI monetary policy outcome on Friday, especially the central bank’s comments. On Wednesday, the Reserve Bank’s rate-setting panel started its […]

Benchmark indices Sensex and Nifty, which opened on negative note tracking global markets, especially the US, ended flat on Wednesday. The 30-share BSE Sensex declined by 27.09 points to close at 73,876.82, recovering from day’s low of 73,757.23. The broader NSE Nifty edged down 18.65 points However, mid- and small-cap stocks continued to attract buying […]

Shares of Viceroy Hotels will resume trading on the National Stock Exchange and the BSE today after the CIRP process. The company hasrecently emerged from its Corporate Insolvency Resolution Process (CIRP), in which Anirudh Agro Farms Limited (AAFL) emerged as the successful resolution applicant. The CIRP concluded with NCLAT Chennai Bench passing an order on […]

Mutual funds have pumped in ₹1.88-lakh crore into equities in 2023-24, 8 per cent higher than the previous year and double the money put into equities five years ago. This compares with the ₹2.08-lakh crore put in by foreign portfolio investors in FY24. Steady flows from domestic institutional investors have increasingly supported the market in […]

Infosys Ltd has received order under Section 201 & 201(A) of the Income-Tax Act, 1961 from the Income Tax Department, Government of India for assessment year 20-21 with a tax demand of ₹341 crore (including interest). The company is in the process of evaluating the implications of this order on the financial statements for the […]

Target: ₹503 CMP: ₹400.70 Hindware Home Innovation Ltd (HHIL) was demerged from AGI Greenpac Ltd (erstwhile HSIL Ltd) in August 2019.Hindware Home Innovation Limited (formerly known as Somany Home Innovation Limited) is a prominent player in the building products industry and a rapidly growing force in the Indian consumer appliances sector. The company is dedicated […]

The National Stock Exchange has issued a circular announcing revisions in the market lot sizes of derivative contracts for 54 individual stocks among the 182 stocks with such contracts. NSE said in a circular that the derivative lot size for 42 stocks will be decreased effective April 26 for May 2024 and later expiries. The […]

The stock of HDFC Bank (₹1,447.90) has been consolidating in recent weeks since a sharp fall in November. The stock finds immediate support at ₹1,400 and ₹1,304. A fall below the latter will change the outlook negative. On the other hand, it finds immediate resistance at ₹1,465 and ₹1,552. A close above ₹1,600 would change the […]

Nifty 50 (22,327) and Bank Nifty (47,125) extended the gain for the second week as they appreciated 1 per cent and 0.6 per cent respectively in the last week. Below is an analysis of the derivatives data of both indices. Nifty 50 Nifty futures (April expiry) (22,488) broke out of a key resistance at 22,375 […]

Mumbai Income tax authorities have issued notices to several startups in connection with the share premium money they received a couple of years ago, said two people in the know. The tax department has asked for details of the nature and the source of the investments and the credit worthiness of the investors. It has […]

The funds mobilised by India Inc through the IPO route in this financial year was up 19 per cent to ₹61,000 crore compared to ₹52,116 crore raised in FY23. Also read:Why India Inc is slow to adopt AI tech However, excluding the mega LIC IPO of ₹21,000 crore in May 2022, the mop-up increased to […]

With both equity and gold prices hovering around record highs, market experts believe investors should review their portfolio and book some profit from equity for allocation to gold, as it has more steam to rally after the US rate cut. Also read:Gold imports likely to drop 87% this month on high prices, weak demand The […]

Target: ₹250 CMP: ₹201.45 Bharat Electronics Ltd (BEL) was founded in 1954 under the aegis of the Government of India’s Ministry of Defence, with a primary objective to fulfill the electronic equipment necessities of the defence sector. The organisation is expanding its operations into diverse sectors beyond defense, particularly emphasizing energy storage products for electric […]

The benchmark indices logged gains on the last trading session of the financial year aided by positive global cues. The Sensex rallied nearly 1,200 points, intra-day before closing at 73,651, up 0.9 per cent. The Nifty rose 0.9 per cent to 22,326. Also read: Markets end FY24 on buoyant note amid positive global cues The […]

Media reports indicate that the US-based private equity firm Warburg Pincus’ affiliate, Cloverdell Investment, is likely to sell its entire stake in IDFC First Bank. The investment firm is expected to offload its 2.25 per cent in the bank through block deals. GOCL Corporation Ltd (GOCL) has entered into a significant Memorandum of Understanding (MoU) […]

Benchmark equity indices Sensex and Nifty rebounded sharply on Wednesday following heavy buying in index majors Reliance Industries and HDFC Bank. The BSE Sensex climbed 526.01 points or 0.73 per cent to settle at 72,996.31. During the day, it jumped 668.43 points or 0.92 per cent to 73,138.73. The NSE Nifty went up by 118.95 […]

According to media buzz, Standard Chartered Bank-corporate banking is likely to sell its entire 7.18 per cent stake in Central Depository Services (India) Ltd (CDSL) and the floor price has been fixed at ₹1,672 a share. Private equity firm Olympus plans to sell a 9.8 per cent stake in Aster DM Healthcare for up to […]

Target: ₹5,414 CMP: ₹5,115.35 Crisil is the oldest and a leading domestic credit rating agency in India. It is majorly owned by S&P Global which is world’s foremost provider of transparent and independent ratings, benchmarks, analytics, data, research, commentary and ESG solution. The company has diversified over the years and ventured into research and analytics […]

Sensex, Nifty, Share Prices LIVE: Stock markets are expected to be influenced by global trends and foreign investors’ trading activity in the holiday-shortened week, with key indices possibly facing volatile trends due to the monthly derivatives expiry on Thursday. This week will have three trading sessions, with markets closed on Monday for Holi and Friday […]

Small- and mid-cap schemes are likely to see lower inflows in March after the recent correction in the space and the regulatory diktat to conduct stress tests on such schemes, said industry officials. Also read:MF small-cap schemes plunge into the red as market trembles About two-fifths of equity flows in the past two years have […]

Mother Dairy will launch this summer 30 new products, mainly in ice cream and yoghurt categories, as it expects a 25-30 per cent increase in consumer demand, a top company official said. Also read:Mother Dairy to invest ₹750 crore to set up two new plants Mother Dairy, a leading milk supplier in Delhi-NCR, has nine […]

The shareholders of Religare Enterprises have voted against both the company’s proposal to invest in its subsidiary MIC Insurance Web Aggregator and the proposal changes to the Article of Association. Also read:All disclosures on MIC investment made: Religare Enterprises With regards to the process initiated for getting shareholders approval through e-voting for the special resolutions, […]

Equities may give high single-digit or low double-digit returns this year given the inflation scenario, rising raw material costs, and subdued earnings growth over the next two quarters, says Aniruddha Naha, CIO, Alternatives, PGIM India AMC. Naha believes that commodity and crude oil prices could fuel inflation and impact the trajectory of interest rates going […]

Target: ₹140 CMP: ₹122.70 Punjab National Bank`s return ratios have been still depressed versus its peers due to higher provisions and high operational costs but is likely to improve hereon. Earlier, credit cost was higher led by higher net NPA book. Lower slippages trend, strong recoveries & upgrades and net NPA ratio below 1 per […]

Target: ₹1,562 CMP: ₹1,280.95 Adani Ports and SEZ (ADSEZ) has consistently gained market share, driven by organic growth from its Gujarat-based ports and through strategic acquisitions at reasonable valuations. The turnaround of these acquired assets has accelerated its market share gains. We expect market share gains to continue as new acquisitions have turned around (Karaikal […]

A recent trend in the primary market offers a valuable lesson for traders, especially those who wish to bet on high subscription figures. With certain company IPOs being fully subscribed within minutes or hours, there arises a temptation for some to hastily join the fray in pursuit of substantial gains, either upon listing or immediately […]

Recent Interview HSBC InvestDir: Amit Sachdeva, Head India Equity Strategy Tilt Would Be Towards Large Caps, Earnings Growth Could Be Better: HSBC NLC Nalco India : Prasanna Motupalli, CMD NLC India & Rajasthan Govt Will Form A JV, Majority Stake Will Be Held By The Co: NLC India Nazara Techno: Nitish Mittersain, Jt. MD Looking […]

Target: ₹680 CMP: ₹566.05 We attended the Analyst Meet hosted by AU Small Finance Bank (AUSFB) to discuss the roadmap for the bank upto FY27E, post the merger and as it completes a decade as a bank. The management team also discussed the near-term challenges for the bank and the impact of the merger with […]

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 21 March 2024 ALL UPDATES March 21, 2024 07:08 Stock market live news: Economic Calendar – 21.03.2024 10:30 India Manufacturing PMI (Expected: 56.0 versus Previous: 56.9)  14:00 […]

Indian real estate investment trusts seek to be classified as equity and included in the equity indices as they look for more acceptability among the expanding investing class, according to the Indian REITs Association, the newly minted apex body for the sector. At present, units issued by REITs and InvITs are classified as hybrid securities, […]

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Mirae Asset Capital Markets-owned online retail broking platform m.Stock plans to launch a partnership business for authorised persons (APs) or sub-brokers soon. This programme will allow APs to retain all the income they generate and also provides them with eight other avenues to generate additional revenue. The online broking firm plans to onboard 1,000 partners […]

Sensex, Nifty, Share Prices LIVE: Asian shares traded within tight ranges as investors prepared for a potentially historic rate decision in Japan that’s expected to end the world’s last negative rates regime. South Korean equities slightly fell, while Japanese and Australian stocks were mostly flat. Contracts for Hong Kong and US shares pointed to losses. […]

Tata Sons, the holding company of the Tata Group, will be selling 2.34 crore shares or 0.65 per cent equity of Tata Consultancy Services through a block deal for ₹9,362.3 crore ($1.13 billion). According to the term sheet, seen by businessline, the floor price of the deal has been fixed at ₹4,001 a share, a […]

Stock 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 18 March 2024. ALL UPDATES March 18, 2024 07:02 Index Outlook: Sensex, Nifty 50 can go either way this week The outlook is unclear for Nifty50. Support […]

Stock markets would take cues from the biggest event of the week — the US Fed interest rate decision, besides tracking the trends in global markets and trading activity of foreign investors, analysts said. Also read: Gold glitters on cues from global markets, US Fed comments Last week, a heavy decline in smallcap, midcap firms, […]

Target: ₹1,844 CMP: ₹1,583.10 Vinati Organics enjoys global leadership in two specialty chemicals, with a market share of 70 per cent in IBB (isobutyl benzene) and 80 per cent in ATBS (2-Acrylamindo 2-Methylpropane Sulfonic Acid). In 9MFY24, revenue dipped by 15 per cent y-o-y, due to ATBS destocking and fall in realisation. EBITDA margins fell […]

Target: ₹1,720 CMP: ₹1,550.75 We hosted investors for a visit to JB Chemicals’ Daman lozenges facility to better understand the outlook. Key takeaways include: Geographical expansion with same customer, tech transfer for customer owned product and owned product push are three main levers of growth, companies want to do quick marketing and not earlier practice […]

The board of Securities and Exchange Board of India (SEBI) on Friday gave its nod for the launch of a beta version of optional T+0 settlement for 25 scrips with a limited set of brokers. The board has approved a proposal to exempt additional disclosure requirements for FPIs having more than 50 per cent of […]

Shares of oil marketing companies come under pressure after a late-night sudden announcement of cutting diesel and petrol price by ₹2 each at retail outlets. Hindustan Petroleum Corporation slumped 6.24 per cent to ₹468.95 on the BSE, Indian Oil Corporation 5.46 per cent to ₹161.15 and BPCL by 3.74 per cent to ₹586.25, as analysts […]

Sensex, Nifty, Share Prices LIVE: The outlook is bearish for ICICI Securities. The uptrend has reversed after forming a double-top pattern. The share price has been falling for more than two weeks now. This week the stock has tumbled over 7 per cent.

Benchmark Sensex rebounded 335 points and Nifty closed above the 22,100 level on Thursday on the back of buying in IT shares and metal shares as broader markets recovered from previous day’s sharp losses. The 30-share BSE Sensex climbed 335.39 points or 0.46 per cent to settle at 73,097.28. During the day, it jumped 602.41 […]

Bajaj Auto’s ₹4,000-crore buyback offer received a strong response from investors. The offer was oversubscribed 6.89 times according to the data available at BSE. The buyback that opened on March 6 closed on Wednesday. The company announced its intention to buyback up to 40 lakh shares at a face value of ₹10 each. In January, […]

Equity benchmark index Sensex on Wednesday crashed over 900 points to sink below the 73,000 level due to widespread selling pressure amid a sharp fall in smallcap and midcap indices. Besides, deep losses in utility, energy and metal stocks and recent selling by foreign investors added to the gloom, analysts said. Benchmark indices started the […]

Following the the Reserve Bank of India’s recent restrictions on Paytm Payments Bank Ltd, BSE has advised its trading members to have additional bank accounts to avoid any impact on transactions on account of the central bank directive. “Investors are hereby informed that restrictions may impact securities market transaction of those investors who have registered […]

Target: ₹800 CMP: ₹601.95 We initiate coverage on J Kumar Infraprojects Limited (JKIL) with a BUY recommendation and a Target Price (TP) of ₹800/share, implying an upside of 25 per cent from the CMP. We believe JKIL, with its substantial order book, formidable market position, experienced management team, and sound financial standing, is poised to […]

Broader market came under heavy selling pressure on Monday, amid talk of potential bubble in the small- and mid-cap segments and stiff valuation. The BSE Sensex and NSE Nifty declined around 0.7-0.8 per cent while the slide was deeper in the case of BSE SmallCap that plunged 2.01 per cent. Also read: There are pockets […]

Hindustan Aeronautics shares hit an all-time high of ₹3,428.75 on the BSE on Monday defying broader market pressure. The stock, however, closed at ₹3,371.05 — up 1.66 per cent over the previous day’s close of ₹3,316.15, surrendering part of the gains. The BSE Sensex slumped 616 points (0.83 per cent) and the BSE-500 edged down […]

Securities and Exchange Board of India has notified the regulations for small and medium real estate investment trusts and specified that investment managers of such REITs should have a minimum net worth of ₹20 crore and the REITs can raise a minimum of ₹50 crore from at least 200 unit holders. Also read: Editorial. SEBI […]

The combined market valuation of seven of the top-10 most valued firms climbed ₹71,301.34 crore in the holiday-shortened last week, with Bharti Airtel emerging as the lead gainer. In a record-breaking rally last week, the BSE benchmark climbed 374.04 points or 0.50 per cent. Also read: Mcap of 7 of top-10 most valued firms climb […]

The current fiscal year FY24 is set to end with record net inflows from Foreign Portfolio Investors (FPIs) into the Indian market, with net investments close to ₹12,000 crore ($1.4 billion) in March first week, after a tepid show in January and February. Also read: UAE’s exit from FATF grey list to boost FPI flows, […]

Venus Remedies has received marketing authorisation for its oncology drugs in Ukraine. This includes Paclitaxel, 100mg/16.7mL, 260mg/43.3mL, 300mg/50mL and 30mg/5mL, Oxaliplatin in concentrations of 50mg/10mL and 100mg/20mL, and Irinotecan in formulations of 100mg/5mL and 40mg/2mL. The company had been awarded its first disbursement of ₹7.5 crore under the Government’s Production Linked Incentive (PLl) scheme for […]

Bummer, an innerwear company has raised ₹9.25 crores in a Pre-Series A1 funding round. Also read: Lux Industries expecting good growth in mid-premium segment The funding spearheaded by Gruhas Collective Consumer Fund marks one of their first investments as a fund. Further strengthening the strategic support, is the continued backing from Fluid Ventures, an established […]

Inflows into small-cap mutual fund schemes moderated by 10 per cent last month to ₹2,922 crore against ₹3,257 crore in January due to large-scale redemption amid concern over high valuation and strong signals from SEBI on the froth developing in these schemes. The redemption from small-cap schemes increased five per cent to ₹3,975 crore last […]

On the eve of International Women’s Day, Colossa Ventures, a SEBI registered venture capital management company, has announced the first close of its maiden fund – Colossa WomenFirst Fund at ₹100 crore. Also read: Women-led startups see $100 million in funding in first 2 months of 2024, Delhi-NCR tops list: Tracxn The fund with a […]

Benchmark indices Sensex and Nifty closed at fresh record highs on Thursday following gains in metal and FMCG shares amid firm global trends and foreign fund inflows. In highly volatile trade, the 30-share BSE Sensex eked out gains of 33.40 points or 0.05 per cent to settle at a new closing peak of 74,119.39. During […]

Brokerage firm Jefferies has downgraded its rating on IIFL Finance following RBI’s directive to the company to stop incremental gold loan sanctions, citing hit on earnings due to rapid unwinding of the profitable gold loan book (32 per cent of AUM), lower co-lending income and potentially higher cost of funds. “Timing of lifting of the ban […]

Benchmark indices Sensex and Nifty recouped their early losses to settle at fresh record high levels in volatile trade on Wednesday, following buying in bank and select IT shares, and gains in European markets. The 30-share BSE Sensex jumped 408.86 points or 0.55 per cent to settle at a new record high of 74,085.99. During […]

Tata Motors’ management might have decided to demerge its passenger vehicle (PV) and commercial vehicle (CV) businesses, but most domestic analysts do not see great potential in the stock price as they see only a “limited upside” following the sharp run-up in the price recently. The stock of Tata Motors closed at ₹1,021.95 on Tuesday, […]

Benchmark Sensex declined by 195 points, while Nifty slipped below the 22,400 level on Tuesday, snapping a four-day gaining streak due to losses in IT and FMCG shares, amid weak global trends and foreign fund outflows. Taking a breather after a record-breaking rally, the 30-share BSE Sensex declined by 195.16 points or 0.26 per cent […]

Target: ₹181 CMP:L ₹153.80 India’s market share in the US home textile exports improved to 46/38 per cent in CY2023 for bedsheets/terry towels from 34/36 per cent in CY2022. With this, domestic players such as Welspun Living will benefit from improving global opportunities. Management is confident about its medium-term prospects and targets its revenue to […]

A group of seasoned wealth managers have joined hands with leading fintech Angel One to launch private wealth management foray. Srikanth Subramanian, Shobhit Mathur and Dharmendra Jain have joined as co-Founder and CEO of Angel One Wealth. Also read: Cautious Kotak MF restricts inflows into small-cap fund Subramanian comes with over 20 years of experience […]

Listed firms such as Bajaj Hindusthan Group, Ponni Sugars, Rana Sugars, DS Sugars and Godavari Biorefineries are among the companies that own 85 sugar mils against whom the Indian government has cracked the whip for allegedly selling more quantity of the commodity during November-December 2023. The Centre has cut 25 per cent of their normal […]

Extending the lacklustre trend witnessed in January, precious metals remained range-bound and the price action was devoid of any direction in February. The strength in the U.S. dollar and the recovery in the equity markets dented sentiments towards the precious metals. Also read: Is it the right time for you to buy or sell gold?  […]

The National Stock Exchange (NSE) on Friday said its unique registered investors have surpassed nine crore, with the latest one crore additions taking place in just five months. Also read: SEBI’s concerns mount with flows into small/mid-cap funds The investor base has seen more than a three-fold jump in the last five years, facilitated by […]

Equity benchmark indices Sensex and Nifty ended at new closing high levels in the special trading session on Saturday, extending their previous day’s sharp rally, amid impressive GDP data and foreign fund inflows. Also read: Sensex, Nifty log fresh highs on robust GDP growth Leading stock exchanges BSE and NSE conducted a special trading session […]

RK Swamy Ltd on Friday raised about ₹187 crore from 18 anchor investors ahead of its initial public offering (IPO), which opens on March 4 and closes on March 6. The Chennai-based company, which is engaged in the business of integrated marketing communications, customer data analysis and full-service market research, has allotted about 65 lakh shares […]

Benchmark equity indices Sensex and Nifty rallied more than one-and-a-half per cent to hit their lifetime highs on Friday helped by impressive GDP data and fresh foreign fund inflows. The 30-share BSE Sensex jumped 1,245.05 points or 1.72 per cent to reach 73,745.35—its all-time closing peak. During the day, it zoomed 1,318.91 points or 1.81 […]

Benchmarks closed in green on Thursday at the end of a range-bound trade ahead of release of key economic data. Besides, monthly F&O expiry and MSCI rebalancing volumes added to the volatility, said market observers. While BSE Sensex advanced 195.42 points or 0.27 per cent to 72,500.30, NSE Nifty gained 31.65 points or 0.14 per […]

Benchmark stock indices Sensex and Nifty closed with gains on Thursday in a highly volatile trade amid the scheduled monthly expiry of derivative contracts. The 30-share BSE Sensex rebounded 195.42 points or 0.27 per cent to settle at 72,500.30. During the day, the benchmark oscillated between a high of 72,730.00 and a low of 72,099.32. […]

Benchmark indices ended a per cent lower on Wednesday amid profit booking and weak global cues. The Sensex was down 790 points or 1.08 per cent at 72,304.88, while the Nifty was down 247 points or 1.11 percent at 21,951. Cash market volumes on the NSE were lower than the previous two sessions at ₹0.94-lakh […]

Benchmark Sensex tanked more than 1 per cent while Nifty declined below the 22,000 level on Wednesday pulled down by selling in heavyweight Reliance Industries and bank stocks amid weak global market trends. The 30-share BSE Sensex fell by 790.34 points or 1.08 per cent to settle at 72,304.88. During the day, it tanked 872.93 […]

The Chennai-based RK Swamy will launch its initial public offering on March 4, according to red herring prospectus filed with SEBI. The company is expected announce the price band this week. The offer includes a fresh issue of ₹173 crore and an offer for sale of up to 87 lakh equity shares by selling shareholders […]

Benchmark equity indices Sensex and Nifty rebounded on Tuesday following buying in index major Tata Consultancy Services, Tata Motors and Sun Pharma amid mostly firm global markets. The 30-share BSE Sensex climbed 305.09 points or 0.42 per cent to settle at 73,095.22. The index was hit by volatility in the first half of the session […]

In the past four months, through September 2023–January 2024, InterGlobe Aviation (IndiGo) lost domestic market share from the peak of 63.4 per cent to 60.2 per cent, which mirrored the strong fleet addition by competitors at 26 narrow body aircraft (20 by Air India, three by Vistara and three by Akasa), versus 12 by IndiGo. […]

What is your outlook for Indian equities for CY24? We continue to remain cautiously optimistic on Indian equities for CY24. Economic growth and corporate earnings trajectory continue to be strong. However, as valuations move up, one should be prepared for higher volatility as well. Continuation of positive macro situation, political stability coupled with positive policy […]

Anvil Wealth Management (AWM) is winding down its portfolio management services (PMS) business, said two people in the know. The decision to shut shop comes in the aftermath of SEBI’s interim order in March last year, which restrained six entities, including AWM’s fund manager Kaushal Chandarana, for their involvement in front-running trades of AWM. AWM […]

India’s policymakers and think tanks need to come up with steps that grow the depth and width of the country’s capital markets, Sundararaman Ramamurthy, MD&CEO, BSE has said.  Also read: Midday market update: Sensex and Nifty show marginal gains This is particularly important given the ongoing robust growth of the country, which is now aiming […]

The United Arab Emirates’ exit from the the grey list on Friday, nearly two years after its inclusion by the Financial Action Task Force, will ease the road for the country’s investors seeking to acquire significant influence in Indian NBFCs. Also read: Cayman’s exit from FATF grey list may bolster global PE investment into India […]

The ₹1,800-crore initial public offering of Juniper Hotels was subscribed fully on the last day of issue closing on Friday, thanks to qualified institutional buyers. The IPO saw a lukewarm response from non-institution investors whose portion was undersubscribed at 0.85 times. The IPO came out with a price band of ₹342-360 . The entire offer […]

Capital market regulator SEBI has excluded investment made through ETFs and index funds from the regulations on exposure to a single stock of own group companies and nomination has been made option for joint investments in mutual fund schemes. In a consultation paper to promote ease of doing business among MFs, SEBI on Friday allowed […]

Target: ₹569 CMP: ₹510.75 Avanti Feeds Ltd is a leading manufacturer of shrimp feeds with a capacity of 7,75,000 tonne and a shrimp processor & exporter with a capacity of 22,000 tonne. AFL has a tie-up with Thai Union Group, Thailand. We upgrade our rating to Accumulate (from Hold) with a revised target price of […]

Indian equities overcame Fed jitters and reversed early losses to make fresh highs on Thursday. The Sensex surged 535 points to 73,158, and the Nifty rose 162 points to 22,217. Cash market volumes on the NSE were a bit lower than the previous session but still closed at ₹1.02-lakh crore. The mid-cap index rose more […]

Olectra Greentech Ltd has been awarded a contract from Brihan Mumbai Electric Supply & Transport Undertaking (BEST) for supply of 2,400 electric buses. The company’s stock ended 1.95 per cent higher on the NSE, closing at ₹2,102.95. The stock had hit a 52-week high today at ₹2,221.95. As per the company’s regulatory filing, the letter […]

Mutual funds holding in troubled Paytm (One 97 Communication) have increased 70 per cent to ₹3,384 crore in January compared with ₹1,995 crore in December as they ramped up exposure to average cost. Investors who have bought stock at a high price tend to buy more of the same stock when it falls. This helps […]

Ambuja Cements, part of Adani Group, has proposed to establish a cement grinding unit with an investment of ₹1,000 crore in Motia Village of Godda district in Jharkhand, post requisite approvals, with a capacity of 4.0 MTPA. The project is planned in proximity to Adani Power (Jharkhand) Limited, as part of a comprehensive approach to […]

Aditya Birla Group company Novelis Inc has filed papers with the US market regulator Securities and Exchange Commission relating to the proposed initial public offering of its common shares. Novelis, the leading aluminium solutions provider and the world leader in aluminium rolling and recycling, is the wholly-owned subsidiary of Hindalco Industries. The proposed IPO of […]

TVS Supply Chain Solutions Ltd, a global supply chain solutions provider, on Tuesday said its contract with Rolls-Royce, a global leader in technology and innovation, has been extended for five years until 2029. The partnership extension is for the Parts Distribution Centre (PDC) in Singapore serving the Asia-Pacific markets for Rolls-Royce’s Power Systems business unit. […]

PNB MetLife India Insurance Company on Monday launched PMLI Small Cap Fund, a new fund within the Unit Linked Insurance Plan (ULIP) segment. The fund will offer policy holders an opportunity to create wealth over the policy life by investing in a diversified equity portfolio with focus on small-cap companies. The new fund should be […]

Remsons Industries Ltd has entered into a joint venture agreement with Daiichi Infotainment Systems for a 50:50 investment in the automotive electronics segment.  Daiichi is part of Dogan Group, a conglomerate in Turkey with a revenue of $2 billion. “Our joint venture will focus on developing advanced electronics solutions tailored to meet the demands of […]

A study by PMS Bazaar that analyzed 335 PMS investment approaches and 388 mutual funds (regular funds) across one, three, five and 10-year periods showed that PMS investment approaches outperformed their benchmarks by 70 per cent on average across all timeframes and categories, while mutual funds outperformed 48 per cent of the time. Also read:PMS […]

Indian stock markets are expected to be driven mostly by global factors this week amid a lack of local triggers and earnings season largely coming to an end, say analysts. Crude oil prices, rupee movement and US Federal Reserve meeting minutes to be released this week will also influence the market sentiment. The minutes of […]

General Elections 2024 is one of the biggest events to watch this year. A study on the Indian stock market performance in the previous election years shows that whatever the case ahead of the elections and its outcome, the Indian benchmark indices, the Sensex and Nifty 50, have generated positive returns after the elections. Sectors […]

Shares of Entero Healthcare Solutions made a weak beginning at the bourses on Friday. Against the IPO price of ₹1,258, shares of the healthcare products distributor opened in discount at ₹1,245 and closed at 8.62 per cent lower at ₹1,149.50 on the BSE. During the day, the stock hit a low of ₹1,149.50. On the […]

Shares of Alpex Solar made a stellar listing at NSE-Emerge platform. As against the IPO price of ₹115, the stock was listed at with a huge premium of ₹345.45 and surged further to ₹362.70 — a gain of 215 per cent. The IPO, which opened between February 8–12, saw an overwhelming response from the investors […]

JSW Steel Ltd.’s shares went up 1.23 per cent after the company reported its expansion plans. The Chief Minister of Odisha, Naveen Patnaik, laid the foundation for JSW Steel’s Mega Integrated Green Steel Manufacturing Complex in Paradip, Odisha. This project, proposed to be executed in multiple phases, entails an investment of approximately ₹65,000 crore by […]

Carlyle Group has sold equity stake worth ₹1,056 crore in Yes Bank through open market transaction. Carlyle Group sold 1.35 per cent stake at an average price of ₹27.10 per share. Of the 390,000,000 shares sold in the open market, Morgan Stanley Asia acquired 306,305,668 shares in Yes Bank for ₹830.08 crore. SHARE Copy link […]

Shoppers Stop Ltd reported that NARS Cosmetics, the global makeup brand founded by François Nars, unveiled its first standalone boutique in India, situated at Select Citywalk Mall in New Delhi. This boutique showcases products known for their pigments, textures, and formulas. The company reported that the boutique offers a virtual try-on tool for customers to […]

Share of the merged entity of Pressman Advertising and Signpost India, the Digital Out of Home advertising company, started trading on Wednesday and hit the upper circuit of ₹327 on NSE and ₹318 on BSE. The listed entity Signpost India reported net profit of ₹9 crore against ₹5 crore logged in the same period last […]

Nuvama Wealth Management Limited(NWML), a wealth management firm, has reported a near 100 per cent jump in consolidated net profit for the quarter ended December 31, 2023 at ₹176 crore (₹87 crore). The latest bottomline performance was also higher than net profit of ₹145 crore recorded in the September 2023 quarter.  For the quarter under […]

Target: ₹458 CMP: ₹452.40 Coal India reported higher than estimate EBITDA ex OBR at ₹11,900 crore (CentrumE: ₹10,950 crore), up 6.2 per cent y-o-y/ up 34 per cent q-o-q and EBITDA/t declined by 2.4 per cent y-o-y at ₹624/t (CentrumE: ₹573/t). The y-o-y increase is primarily due to increase in sales volume (up 8 per […]

Prakash Pipes Ltd’s shares were up by 2 per cent after it reported higher net sales of Rs 158 crore in the quarter ended December 31, 2023, as compared to the corresponding period of the previous fiscal year.  Operating profit surged to Rs 30 crore, up 43 per cent, while profit after tax was at […]

The NSE-Emerge IPO of Alpex Solar has received an overwhelming response from the investors with the issue being subscribed 301.45 times. The ₹74.52-crore IPO, that was open between February 8–12, came out with a price band of ₹109-115. The Greater Noida-based company plans to use ₹19.55 crore of the net proceeds to upgrade and expand […]

Fintech firm One97 Communications, which owns the Paytm brand, has received support from merchants, and it assured them of continuity of services without any disruption, the company said in a blog on Sunday. The blog post came amid the recent crisis around Paytm Payments Bank Limited (PPBL), an associate company of Paytm, which has been […]

Stock markets would take cues from the upcoming macroeconomic data announcements and global trends besides keeping a watch on the trading activity of foreign investors, analysts said. The last batch of the ongoing earnings calendar would trigger stock-specific action, traders said. Also read: Index Outlook: Sensex, Nifty 50: Range-bound with a bearish bias “This week, […]

Four of the top-10 most valued firms together added ₹2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of India emerging as the biggest gainers. Also read: Inflation, industrial production data, global trends to drive market trends this week: Analysts From the top-10 pack, Reliance Industries, Tata Consultancy Services […]

Godfrey Phillips India (₹2,366.3) Uptrend is intact Godfrey Phillips’ stock was tracing a horizontal trend in the second half of last year. It was oscillating between ₹2,020 and ₹2,200. But a fortnight ago, the stock broke out of the range and hit a record high of ₹2,646.75 on January 31. What followed was a moderation […]

Nowadays, Central Government agencies such as the Income-tax department and the Enforcement Directorate (ED) are creating ripples in financial markets, with a host of companies coming under their radar. Some developments that have created shockwaves include raids/ searches on Polycab India, One97 Communications (Paytm), India Cements and Sobha. Often, such adverse news sends the stock […]

The runaway rally in shares of public sector companies has made analysts dig deeper on the reasons driving the rally. The BSE PSU index has risen by about 92 per cent in the last year compared with 18 per cent gains clocked by the Sensex. Capital goods, electric utilities, financials and oil, gas & consumable […]

Biocon’s subsidiary, Biocon Biologics Ltd (BBL), a fully integrated biosimilar company, has announced a five-year partnership with Sandoz AG (Sandoz). The association aims to promote, sell, and distribute biosimilar Trastuzumab and biosimilar Bevacizumab in Australia.   Also read:Biocon Ltd reports Q3 PAT of ₹753 crore Under the agreement, Sandoz will distribute the Biocon Biologics’ brands, OGIVRI […]

The Securities and Exchange Board of India (SEBI) on Thursday asked 15 guest experts including Nirmal Kumar Soni, Partha Sarathi Dhar, Simi Bhaumik, Mudit Goyal, Himanshu Gupta, Ashish Kelkar and Kiran Jadhav, appearing on the Zee Business news channel to pay ₹7.41 crore for the “unlawful gains” that they made by taking opposite positions in […]

Gensol Engineering has announced the appointment of Ravindra Goyal as its Group Chief Procurement Officer. Goyal will spearhead the company’s supply chain management, encompassing all entities in the clean energy and electric mobility domains. Goyal has over 29 years of experience in various industries, including solar PV module manufacturing, solar and wind EPC projects, Battery […]

Headquartered in Bhilai, Chhattisgarh, Atmatsco is offering 73.05 lakh shares, of which 54.80 lakh will be a fresh issue and 18.256 lakh shares through an offer-for-sale (OFS). The stock will be listed on NSE Emerge. The issue size is ₹60 crore. The proceeds from the IPO will be used for working capital requirements and repayment […]

Intellect Global Consumer Banking (iGCB), the consumer banking arm of Intellect Design Arena Ltd, has announced that VakifBank International AG, part of Türkiye Vakiflar Bankasi TAO has chosen iGCB’s platforms’ Intellect Digital Core (IDC) and digital lending to transform its overall banking. Also read: Intellect Design Arena launches AI-led innovation centre According to the press […]

Benchmarks BSE Sensex and NSE Nifty advanced on buying in IT stocks and expectations of a status-quo in the policy rates of the Reserve Bank of India (RBI) which is set to announce its revised monetary policy on Thursday. Besides positive global cues, investors’ interest in oil as gas stocks helped the indices. Also read:Broker’s […]

The NSE Nifty was up by 0.39 per cent or 85.80 points to 21,860.65 points, while the BSE Sensex was at 72,000.09, up by 0.37 per cent or 268.67 points. A total of 3,193 stocks were actively traded, with 2,144 advancing, while 951 declined and 98 stocks remained unchanged, with 242 stocks hitting a 52-week […]

Target: ₹3,100 CMP: ₹2,884.50 Kaynes Technology Q3 revenue surged 76 per cent y-o-y to ₹510 crore, 10 per cent higher than our estimates. Revenue was led by healthy B2B demand and strong order backlog. Revenue from the industrials segment spiked 217 per cent y-o-y to ₹270 crore on rising import substitution in the EV space. […]

Ramkrishna Forgings Ltd has secured a contract valued at $13.16 million from a North American axle manufacturer. Under the partnership, the company will be supplying rear axle components and services for the off-highway sector for the next four years, as stated in the stock exchange filing. Also read: NCLT approves Ramkrishna Forgings’ acquisition of ACIL […]

We recommended that investors buy the stock of Gujarat Fluorochem (GFCL) in December 2022, then trading at 24 times one-year forward earnings (FY24). The stock has since delivered 28 per cent returns and is now trading at even higher forward earnings of 40 times FY25 expected EPS. The company is facing headwinds in its three […]

Stock markets will be driven by quarterly earnings by index majors, global trends and the RBI’s interest rate decision this week after digesting news on budget proposals and US Federal policy outcome, say analysts. The trading activity of foreign investors and the movement of global oil benchmark Brent crude would also dictate trends in equities. […]

The week gone by had it all. Resurfacing jitters of regional banking crisis in the US resulted in bond yields collapsing significantly in early part of the week. Then, a hawkish Fed pushing back expectations of interest rate cuts last Thursday, was followed by a significantly hotter-than-expected US monthly jobs report that resulted in yields […]

Mortgage lender Aadhar Housing Finance has filed draft papers for an initial public offer with a size of ₹5,000 crore, of which ₹4,000 crore is an offer for sale by promoter Blackstone, which holds 98.7 per cent stake now.  The housing finance company will be raising ₹1,000 crore through a fresh issue of shares, the […]

Delta-neutral trades require active management. These are trades that involve taking long positions in, say, lower strike calls and short positions in higher strike calls such that the delta of the long position is equal to the delta of the short position. The strategy is typically setup to bet on the relation between implied volatility […]

Avalon Technologies Ltd revenue increased 6.6 per cent QoQ revenue and decreased 7.9% YoY. The company reported a gross margin of 37 per cent, EBITDA margin of 7.7 per cent, and PAT margin of 3 per cent. Despite losses in US operations impacting its consolidated results, the company said it secured wins in sectors such […]

The initial public offering of BLS E-Services will close for public subscription today. The issue has received a strong response from retail investors and high net worth individuals. The IPO that plans to raise ₹311 crore, has a price band of ₹129-135 and a market lot of 108 shares. The entire IPO is a fresh […]

The NSE Nifty was down 0.04 per cent or 7.65 points at 21,718.04 points, while the BSE Sensex was at 71,725.06, down by 0.04 per cent or 27.05 points. A total of 2,918 stocks were actively traded, 1,662 advanced, while 1,164 declined and 92 stocks remained unchanged, where 245 stocks hit a 52-week high and […]

Shares of Life Insurance Corporation closed above the IPO price for the first time on Wednesday since its listing in May 2022. The stock closed at ₹949.75 on both the NSE and the BSE, a tad above the IPO price of ₹949. Though the stock moved above the allotment price of ₹904 (for retail investors) […]

NSE Nifty was up by 0.82 per cent or 173.80 to 21,599.85 points, while the BSE Sensex was at 71,727.72, up by 0.83 per cent or 587.82 points. A total of 3,871 stocks were actively traded; 2,431 advanced, while 1,331 declined, and 109 stocks remained unchanged, where 398 stocks hit a 52-week high and 17 […]

Shares of Bajaj Finance slumped over 5 per cent on Tuesday after the NBFC highlighted rising stress in its rural and urban B2C loans portfolios in its Q3 earnings. On January 30, the stock fell 5.4 per cent to Rs 6,805 on the NSE. However, it later pared some less to close 5.1 per cent […]

Suzlon Energy Ltd’s shares were up by 1.92 per cent after the company bagged an order from Evren Company, ‘ABC Cleantech Pvt Ltd (ACPL),’ a joint venture between Brookfield and Axis Energy. The order involves supply of 214 wind turbine generators (WTGs) with a rated capacity of 3 MW each for a 642 MW wind […]

Sundaram Mutual Fund said that its latest new fund offer of the Multi-Asset Allocation Fund has garnered ₹1,890 crore, with participation from over 83,000 investors. “This milestone marks a significant achievement for the brand, making this its 2nd largest NFO,” the company said in a statement. The NFO was open from January 5 to January […]

Zen Technologies Ltd’s shares were up by 5 per cent after the company reported financial results for the third quarter. Revenue increased 198 per cent, EBITDA surged 371 per cent, and PAT rose 317 per cent during this period. Ashok Atluri, Chairman and Managing Director, said FY24 was poised to be a successful year in […]

Indian companies wanting to list on the international exchanges at GIFT IFSC may face a number of roadblocks. The norms that were notified on Wednesday allow only the ‘permissible holder’ to invest, trade, or hold equity shares of Indian companies listed on international exchanges. The permissible holder is not a person resident in India. “The […]

Technology-backed service provider BLS E-Services Ltd has set a price band of ₹129-135 per share for its initial public offering (IPO), that will open for bidding on January 30. Also read:IPO screener: Nova Agritech’s blockbuster issue closes today The issue will open for public subscription on January 30, and close on February 1, 2024, a […]

Investing in the stock market for the long term is safe and rewarding, says Monika Halan, a prominent personal finance writer and television personality.  In a conversation with businessline, at the HinduLitForLife event here today, Monika took the hypothetical case of “the unluckiest investor” to illustrate her point.   Suppose there is an unluckiest investor, […]

What is the outlook for Petronet LNG for the next two-three months? I am holding the stock and my average purchase price is ₹228. Can I exit at current levels? Ashish Petronet LNG (₹256.60): The outlook is bullish. Petronet LNG share price has been rising since December last year. This uptrend is intact. Moving Average […]

The short-term outlook turned positive for the stock of Infosys (₹1,669.1). The IT major finds immediate support at ₹1,560 and ₹1,427. The nearest resistance is at ₹1,720. A close above that level will trigger a fresh rally. In that event, the stock can reach ₹1,815. We expect the stock to move with a positive bias. […]

Tiger Global-backed wealth management start-up ended 2023 with 7.6 million active traders, as per data from the NSE. Also read: Companies opting for IFSC listing may face several bumps While Zerodha had around 6.7 million active traders, Mumbai-based AngelOne ended the year at the third spot with 5.3 million active traders. Groww had gone past […]

The initial public offering of Nova Agritech saw overwhelming response from all category investors with the issue being subscribed over 109 times, as non-institutions bid aggressively. The IPO, which came out with a price band of ₹39-41, received bids for 277.94 crore shares against 2.54 crore shares (net off anchor portion) on offer. The NII […]

Titagarh Rail Systems Limited’s shares were up by 1.95 per cent after the company along with Amber Group reported an alliance. The collaboration involves a joint investment of up to ₹240 crore in a special purpose vehicle (SPV), where TRSL and Amber Group’s subsidiary, Sidwal Refrigeration Industries Pvt Limited, will acquire equal control. This venture […]

Tata Metaliks has fixed February 6 as the record date for the proposed merger with Tata Steel. According to the scheme of amalgamation, TML shareholders will be entitled to receive fully paid-up ordinary equity shares of Tata Steel Ltd on face value ₹1 each, in the share exchange ratio of 79:10 (79 shares of Tata […]

Equity benchmark indices witnessed a see-saw movement in the early trade on Wednesday amid high volatility, as investors rushed to book profit in high-value stocks. The BSE Sensex fell 316.75 points or 0.45 per cent to 70,053.58 points in the opening trade but soon regained the lost ground to trade with a gain of 60.70 […]

Shares of Medi Assist Healthcare Services ended with a premium of 11 per cent on Tuesday at ₹464.25 on the BSE against the issue price of ₹418. During the day, the stock hit a high of ₹509.60 and a low of ₹446 after listing at ₹465. On the NSE, after listing at ₹460, the stock […]

Shares of ICICI Bank hit a record ₹1,059.4 on Tuesday after its third-quarter profit beat estimates on robust loan growth and margins met expectations. The private lender rose as much as 5 per cent in the session and was the sole stock posting gains on the Nifty Bank index, which was down 0.7 per cent. […]

Japan’s Nikkei share average rallied to a fresh 34-year peak on Monday as the US S&P 500’s record-high close on Friday buoyed investor sentiment, despite continued signs of overheating in the Asian market. The Nikkei climbed as much as 1.59 per cent to 36,535.36, a level not seen since February 1990, before closing out the […]

Sony Group Corp. has officially notified Zee Entertainment Enterprises Ltd. it plans to call off the merger between its India unit and the media network, ending a two-year acquisition saga and leaving Zee vulnerable to competition as rivals bulk up. The Japanese entertainment giant sent a termination letter to Zee early on January 22 and […]

Britannia Industries (₹5,163.2) Rally to resume Britannia Industries’ share price has been on a decline since the beginning of this year. It fell off ₹5,375, thus indicating that this is a resistance. But towards the end of last week, there was a bounce in price as the stock found support at the 50-day moving average around […]

The initial public offering (IPO) of the Noida-based contract manufacturer of room airconditioner (RAC), EPACK Durable, opened on January 19 and will accept subscriptions till January 23, 2024. The total offer is worth around ₹640 crore out of which ₹400 crore is fresh issue and ₹240 crore is an offer for sale. The proceeds from […]

At bl.portfolio, we had started taking a cautious approach to IT stocks since mid-2021 when valuations started getting frothy. Since then, there has been quite a significant time-wise, and also in many cases, absolute correction in stocks in the sector. In this context, HCL Technologies was amongst the few stocks we had a positive view […]

Domestic markets are likely to open flat and remain listless today. The focus will be on big ticket banking and finance companies such as ICICI Bank, Kotak Mahindra Bank, Can Fin Homes, IDBI, IDFC First Bank and IREDA. Participation from global investors will be low and even domestic investors will be in a holiday mood, […]

Equity and derivatives markets of BSE and the National Stock Exchange will function normal on Saturday i.e. from 9:15 a.m. to 3:30 p.m., without the planned disaster recovery movements. However, the markets will remain shut on Monday, as the Maharashtra Government has declared public holiday under the Negotiable instruments Act. SHARE Copy link Email Facebook […]

The ₹640-crore initial public offering of Epack Durable will open for public subscription today and close on January 23. The IPO comes with a price band of ₹218-230 and the market lot is 65 shares. The company has reserved not more than 50 per cent of the shares in the public issue for qualified institutional […]

Global financial advisory firm BNP Paribas expects Nifty to post a high single-digit return in 2024 while domestic brokerage Emkay Global Financial anticipates an 11 per cent return. “While most factors remain favourable for Indian equities in 2024, valuation comfort has reduced, and we see limited upside,” said BNP Paribas, which expects Nifty to hit […]

Benchmark equity indices Sensex and Nifty tanked in early trade on Thursday, falling for the third day running, as investors continued to book profits after the recent record-breaking rally. Also, fresh foreign fund outflows dampened the mood. The BSE Sensex tanked 561.05 points to 70,939.71. The Nifty plunged 165.6 points to 21,406.35. The heavy fall […]

Benchmark indices went into a free fall on January 17, tanking over two per cent, to post their biggest single-day loss in the last one-and-a-half years. HDFC Bank’s disappointing third quarter results, along with hawkish Fed commentary, escalating tension in West Asia, and weak GDP numbers from China, spooked investors. The Nifty slid 2.09 per […]

The BSE Sensex declined by 722.22 points or 0.99 per cent as of 9:55 am on Wednesday at 72,406.55, while Nifty 50 was down by 212.60 points or 0.96 per cent at 21,819.70. As of 10:04 am, all sectoral indices, except for media, traded in the red, with Nifty Bank at 46,978.55, down by 2.38 […]

Target: ₹4,020 CMP: ₹3,573.80 Our interactions suggest that investors are concerned about the security situation in the Middle East, following attacks on ships in the Red Sea by Houthi rebels in Yemen. In our view, a key material negative development is the rise in ocean freight costs, which can have some impact on near-term EBITDA […]

India’s benchmark index Nifty 50 is set for a muted start on Tuesday, tracking Asian peers ahead of key economic data from China, after a recent rally to record highs. India’s GIFT Nifty was trading at 22,107 as of 7:58 a.m. IST, suggesting the NSE Nifty 50 will open near its Monday’s close of 22,097.45. […]

Benchmark Sensex closed above the 73,000 level for the first time while broader Nifty scaled the 22,000-point peak on Monday as key stock indices stayed on the record-breaking run powered by a rally in IT shares, Reliance and HDFC Bank. Rising for the fifth day in a row, the 30-share BSE Sensex jumped 759.49 points […]

Benchmark equity indices hit record peaks in early trade on Monday, with the Sensex breaching the 73,000 milestone for the first time ever and the Nifty surging past the historic 22,000-mark, driven by a sharp rally in IT stocks. Also read: Rupee rises 18 paise to 82.77 against US dollar in early trade The 30-share […]

GHCL Limited’s shares were up by 2.17 per cent after the company  signed two Memorandums of Understanding (MOUs) during the Vibrant Gujarat Summit, outlining investments totalling Rs 3,450 crore in Gujarat. The MOUs were inked in the presence of the Chief Minister, Bhupendra Patel, his senior ministers, and GHCL representatives. The first MOU involves an […]

Asian Energy Services Ltd clinched a contract from Eastern Coalfields Limited (ECL), a subsidiary of Coal India Limited. The contract entails the construction of plough feeders and associated civil works at the existing coal handling plant in Rajmahal, Jharkhand’s Godda district. The project is valued at Rs 21.9 crore, projected to be completed in 8 […]

Veranda Learning Solutions Limited’s shares were up by 2.08 per cent after the company acquired a 50 per cent stake in Tapasya Educational Institutions Private Limited for Rs 120 crore.  The company reported, the addition of Tapasya will enhance Veranda’s ecosystem, particularly in the Commerce Higher Education space. Veranda Learning aims to leverage Tapasya’s existing […]

The Securities and Exchange Commission (SEC) on Friday charged investment banking major Morgan Stanley & Co. LLC and the former head of its equity syndicate desk, Pawan Passi, in a front-running case. According to the US market regulator, the banking major and its employee were involved in a multi-year fraud by disclosing of confidential information […]

Income-tax findings on an “unnamed” company perceived to be Polycab Industries and the company’s clarification failed to convince analysts. The Polycab stock corrected 21 per cent to ₹3,905 on Thursday because of a Ministry of Finance release suggesting tax evasion by the group. While retaining the “Add” rating on the stock, Axis Capital cut the […]

Target: ₹362 CMP: ₹274.60 The successful debt restructuring at Vedanta parentco Vedanta Resources (VRL) removes a major overhang on the stock. The restructuring comes at a higher cost, but gives Vedanta a two-year breather to focus on ongoing aluminium/zinc capex and monetisation of steel & iron ore assets, which would unlock incremental cash flows. VEDL […]

Benchmark equity indices climbed in early trade on Thursday amid a rally in global markets and buying in Reliance Industries. The 30-share BSE Sensex jumped 341.76 points to 71,999.47 in early trade. The Nifty climbed 107.8 points to 21,726.50. Among the Sensex firms, Axis Bank, Bajaj Finserv, Bajaj Finance, Reliance Industries, IndusInd Bank and NTPC […]

After the successful venture into automobile sector, Sajjan Jindal-led JSW Group is preparing the ground for listing its cement business on stock exchanges to raise about ₹6,500 crore. Sources said JSW Cement has reached out to domestic and foreign investment banks including SBI Capital, Kotak Mahindra Capital, JM Financial, DAM Capital, Jefferies, Citi and Goldman […]