Broker’s call: Senco Gold (Buy)
Target: ₹600 CMP:₹324.85 Senco Gold’s reported Q3 EBITDA missed our estimate by about 500bps. However, most of the miss was led by hedging loss in the current quarter and hedging gain in the base quarter, as the adjusted gross margin…
Markets extend losses as FII selling persists; M&M leads decline
Equity markets remained under pressure during Monday’s mid-day trading, with the benchmark indices continuing their downward trajectory amid persistent foreign investor outflows and global trade concerns. The BSE Sensex traded at 75,665.27, down 273.94 points or 0.36 per cent from…
Quality Power Electrical Equipments IPO: Should You Subscribe?
Quality Power Electrical Equipments (QPEE), a company specialising in power equipments and solutions across transmission and distribution (T&D), is out with its IPO which is open until February 18. The IPO is a mix of fresh issue and offer for…
Mcap: 8 of top-10 valued firms tumbles ₹2 lakh cr; Reliance biggest laggard
The combined market valuation of eight of the 10 most valued domestic firms eroded by ₹2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark…
Havells India: What Should Investors Do?
The recent Budget announcement has brought consumption into focus with the moderation of personal taxes. Consumer Durables is at the forefront of such a tilt. Havells India, a well-diversified Consumer Durables player, can be accumulated on dips for investors looking…
Whole-time members join race to become SEBI chief
At least two of the four current Whole-Time Members at the Securities and Exchange Board of India (SEBI) have applied for its top post upon the expiry of the term of current chairperson Madhabi Puri Buch, said two people familiar…
SEBI, ISF to revise disclosure norms for related party transactions
The Securities and Exchange Board of India (SEBI) will soon introduce revised disclosure norms for related party transactions (RPTs) for publicly listed companies, Chairperson Madhabi Puri Buch said on Friday. At the launch of a related party transactions (RPT) analysis…
GAIL and Cummins partner on green energy initiatives
GAIL (India) Limited, the country’s leading natural gas company, has signed a Memorandum of Understanding (MoU) with Accelera by Cummins to collaborate on sustainable energy projects and transition technologies in India. The agreement was formalized yesterday at the India Energy…
Rashmi Saluja, Executive Chairperson, Ceases to be director: Religare Enterprises
Religare Enterprises Ltd (REL), diversified financial services conglomerate, on Thursday said that its Executive Chairperson Rashmi Saluja has ceased to be a director of the company. Meanwhile, in another exchange filing said that it’s Board of Directors had at their…
Bharat Forge announces two aerospace partnerships
The shares of Bharat Forge Limited (BFL) were trading at ₹1,091.35 down by ₹13.30 or 1.20 per cent on the NSE today at 12.05 pm. Bharat Forge Limited (BFL), the Pune-based multinational, unveiled two significant aerospace collaborations at Aero India…
Volatility hits retail investors: NSE sees drop in active clients, demat accounts in January
In a battered market retail investor confidence is faltering as heightened volatility slows active client additions and new demat account openings. Data from the National Stock Exchange (NSE) reveals a significant drop in active investor numbers across major brokers, indicating…
article69209847 – The Hindu BusinessLine
Shares of Ircon International Ltd plunged to a 52-week low of ₹159.61 on Wednesday, trading down 6.92 per cent at ₹167.40 on the NSE at 10:50 AM, after the railway infrastructure company reported a steep decline in its third-quarter profits….
SEBI mandates separate units for brokers to trade G-Secs on NDS-OM
SEBI on Tuesday mandated brokers to establish a separate business unit (SBU) to trade in government securities (G-Secs) through the Negotiated Dealing System–Order Matching (NDS-OM). This follows the Reserve Bank of India’s announcement at the recent monetary policy briefing to…
Nykaa shares gain despite Q3 profit missing estimates; analysts remain bullish
FSN E-Commerce Ventures (Nykaa) shares traded at ₹170.67, up 0.73 per cent on NSE at 11.35 AM on Tuesday, even as its third-quarter net profit missed market expectations. Morgan Stanley maintained an ‘Overweight’ rating with a target price of ₹200,…
SEBI bans SME firm Kalahridhaan Trendz, directors from markets within a year of listing
Less than a year after its listing, the Securities and Exchange Board of India (SEBI) has barred Kalahridhaan Trendz, along with its managing director Niranjan D Agarwal and two others, from the securities market for alleged lapses in material disclosures…
Paytm partners with Agoda to launch hotel bookings on its app
India’s digital payments company Paytm has partnered with online travel platform Agoda to integrate hotel booking services on the Paytm app, the company announced today. The collaboration enables Paytm users to access Agoda’s accommodation options across domestic and international destinations….
NSE/BSE, Top Gainers & Top Losers Today 7 Feb 2025: Tata Steel, Bharti Airtel, Zomato surge; ITC, SBI slip
Share prices of Tata Steel Ltd., Bharti Airtel Ltd., Zomato Ltd., Mahindra & Mahindra Ltd. (M&M), and UltraTech Cement Ltd. emerged as the top gainers on Friday. Among the laggards were shares of ITC Ltd., State Bank of India (SBI),…
Markets end lower as RBI’s rate cut fails to impress; FIIs continue selling spree
Equity markets closed lower on Wednesday despite the Reserve Bank of India’s (RBI) first rate cut since May 2020, as investors remained concerned about global trade tensions and continued foreign institutional investor (FII) outflows. The BSE Sensex fell 197.97 points…
Movers & Shakers: Stocks That Will See Action This Week
Glenmark Pharmaceuticals (₹1,543.35) Attempting a U-turn The stock of Glenmark Pharmaceuticals, which has been in a downtrend since October last year, now seems to be turning its direction northward. It has found one support at ₹1,400 bouncing against which the…
BSE Shares: Surges 3% after Q3 profit doubles to ₹220 crore
Shares of BSE Ltd gained 3 per cent on Friday’s trade as its net profit doubled to ₹220 crore for the quarter ended December 2024, and revenue jumped 94 per cent to ₹835.4 crore. The stock closed 2.54 per cent…
Information ratio – One more tool to analyse mutual fund performance
The Securities and Exchange Board of India (SEBI) recently came out with a new disclosure regulation for mutual funds with regard to Risk Adjusted Returns, which should represent a more holistic measure of a scheme’s performance. It asked the fund…
NCC shares fall 10.63% on weak Q3 results, Centrum downgrades outlook
Shares of NCC Limited plunged 10.63 per cent to ₹212.30 on the NSE at 11.37 AM on Thursday after the company posted weak Q3FY25 results and Centrum Broking lowered its revenue guidance. The company’s revenue for the quarter ended…
Titan Company (Buy) – The Hindu BusinessLine
Target: ₹4,026 CMP: ₹3,410.75 Titan Company’s Q3-FY25 print was in-line with our estimates while higher gold coin sales and lower studded have impacted margin. Console. Revenue/EBITDA grew at 25.2/7 per cent while PAT declined by 0.6 per cent respectively. Jewellery…
Sagility India shares hit upper circuit on strong Q3 performance
Shares of Sagility India Limited hit the 5 per cent upper circuit at ₹52.73 on NSE today, following the company’s announcement of robust third-quarter results for FY2024-25. The healthcare solutions provider reported a 67.6 per cent year-on-year surge in adjusted…
Brokerages profit, revenues to take a hit in FY25: CareEdge
Net profit of brokerages to hit by 400 basis points on account of various regulatory changes announced in the last few months said, a report by CareEdge Ratings. Per CareEdge Ratings’ latest research on stockbrokers, the industry’s revenues are likely…
ITC Hotels dropped from BSE Sensex ahead of trading
ITC Hotels Ltd has been removed from the BSE Sensex and 22 other BSE indices effective February 5, 2025, prior to market opening. The shares are now trading at ₹167.05 up by ₹2.40 or 1.46 per cent on the BSE…
Adani Power (Buy) – The Hindu BusinessLine
Target: ₹660 CMP: ₹506.55 Adani Power (APL) is India’s second-largest thermal power generation company after NTPC, on its journey to raise capacity by 1.7x from 17.6 GW to 30.7 GW by 2030. Land requirements and financing plans are in place….
Markets rally on trade relief as US pauses tariffs on Canada, Mexico
Indian equity markets opened higher on Tuesday, with the Sensex surging over 700 points and Nifty gaining nearly 1 per cent, as investor sentiment improved after the US delayed implementing tariffs on Canada and Mexico while maintaining them on China….
Crisil upgrades ratings of Krystal Integrated
Krystal Integrated Services Limited has received an upgrade in its credit rating from Crisil for its bank facilities. Crisil has upgraded its long-term rating to A-/stable from BBB+/positive and short-term rating to A2+ from A2. This reflects the company’s strong…
Q3 Results 2025 Live Today 3rd Feb: : Texmaco Rail, IRB Infra shares fall, Aditya Birla Capital, Bajaj Steel, Castrol India, Fortis Malar Hospitals, Panasonic Energy, Tata Chemicals, Thomas Cook India to announce Q3 results today
Results calendar: Power Grid Corporation, Divis Laboratories, General Insurance Corporation, Tube Investment, Sundaram Finance, Aditya Birla Capital, Premier Energies, KPR Mill, NLC India, Gland Pharma, Tata Chemicals, Poly Medicure, KEC International, Garden Reach Shipbuilders, Alembic Pharma, Castrol, DOMS Inds, HFCL,…
FPI equities sell-off intensifies amid Trump trade effect
The exodus of Foreign Portfolio Investors (FPIs) from Indian equity markets continued unabated in January 2025, with net outflows touching ₹78,027 crore, according to depositories data. Except for one session, FPIs remained net sellers throughout the month, as the Trump…
FPI tax on gains from bonds, debentures brought on par with listed equities
The Budget has raised the tax on long-term capital gains (LTCG) for listed bonds, debentures and listed preference shares to 12.5 per cent from 10 per cent for foreign institutional investors in line with listed shares and equity oriented mutual…
Less ammo deflates charged-up Defence stocks
After the stupendous rally in 2022-23, defence stocks ran out of favour in 2024. With several of the frontline defence stocks such as Hindustan Aeronautics Ltd, Mazagon Dock Shipbuilders, Bharat Electronics, Garden Reach Shipping and Engineers falling by up to…
Railway stocks: Titagarh, RVNL, RailTel, IRFC shares gain ahead of Budget
Shares of railway-related companies surged in early trade on Saturday, ahead of the Union Budget presentation for FY26. The stocks of Titagarh Rail Systems, Rail Vikas Nigam Ltd (RVNL), RailTel Corporation of India, RITES, Texmaco Rail, IRFC, BEML, Ircon International,…
Domestic institutions hold fort even as foreign investors shun equity
Mutual funds and insurance companies continue to hold fort at the equity market and manage to prevent a sharp fall even as the foreign portfolio investors (FPIs) are dumping their investments. FPIs have been withdrawing significant investments from the Indian…
Q3 Results 2025 Live Today 31th Jan: L&T, BEL lead gains post Q3 results, LIC Housing Finance, ONGC, Nestle, Vedanta, City Union Bank, Punjab National Bank, Equitas Bank, IndusInd Bank to announce Q3 results today
Results calendar: Sun Pharma, ONGC, Nestle, Vedanta, Punjab National Bank, Cholamandalam Investment, Marico, IndusInd Bank, Vishal Mega Mart, UPL, IRB Infra, LIC Housing, Aster DM, Bandhan Bank, Poonawala Fincorp, Inox Wind, Pfizer, Triveni Turbine, Nuvama Wealth, Jubilant Pharmova, Aptus Value…
Gen Z bulls: Young investors dominate market, half under 30
India’s stock market is witnessing a significant demographic shift, with nearly 50 per cent of new demat account holders since March 2020 being under 30 years, according to the latest National Stock Exchange (NSE) data. This surge has pushed the…
Tata Motors share price today: tanks 9% post Q3 results, Jefferies downgrade
Shares of Tata Motors slumped 9 per cent in early trade on Thursday on recording a 22 per cent decline in consolidated net profit to ₹5,578 crore in the third quarter ended December 2024, due to a dip in revenue…
Regulatory cap limits MF investors’ overseas gains
A regulatory ceiling on overseas investment have cost mutual fund investors dearly, especially in the last one year. Fund houses were directed to stop taking fresh subscriptions in schemes that invest in overseas securities from February 1, 2022, as the…
Markets open higher on Fed meet day; tech stocks lead rally
Benchmark indices opened higher on Wednesday as global cues remained positive ahead of the US Federal Reserve’s interest rate decision, with technology stocks leading the gains following overnight rallies in US markets. The Sensex opened higher at 76,138.24 compared to…
Blackstone to file draft offer document for $700 mn REIT in February
Blackstone Inc is gearing up to file the draft papers for the launch of its office-based real estate investment trust (REIT) in India, sometime in February, sources said. With a size of $700-750 million, this will be the country’s largest…
Q3 Results 2025 Live Today 28th Jan: Bajaj Auto, Hyundai Motor, TVS Motor, Cipla, JSW Energy, Suzlon Energy, Bharat Heavy Electricals, Exide, JSW Infrastructure, to announce Q3 results
Q3 Results Today live updates January 28, 2025: Get all the latest Q3 results 2025 updates for Bajaj Auto, Hindustan Zinc, Hyundai Motor India, Cipla, TVS Motor Company, JSW Energy, Suzlon Energy, Bharat Heavy Electricals, JSW Infrastructure, CG Power and…
Battle for Control: Danny Gaekwad bids to seize 55% stake in Religare, writes to REL Board
Florida-based businessman Danny Gaekwad has written to the Board of Religare Enterprises Ltd (REL) conveying his intent to launch a competing offer to the Burman Group’s open offer, which opened on Monday. The letter, received by REL on Monday, follows…
Q3 Results 2025 Live Today 27th Jan: Adani Wilmar, Tata Steel, Union Bank of India, Canara Bank, Federal Bank, Indian Oil Corporation (IOC), New India Assurance, Coal India, Bajaj Housing Finance, Aditya Birla Sun Life AMC
Results Calendar: Coal India, Indian Oil, Tata Steel, Bajaj Housing Finance, Canara Bank, Union Bank of India, Adani Total Gas, Petronet LNG, Federal Bank, ACC, Kaynes Technology, Adani Wilmar, New India Assurance Company, Indraprastha Gas, Sumitomo Chemical, Emami, Sundaram Fastners,…
LIC MF launches Multi Asset Allocation NFO
LIC Mutual Fund has launched a dynamically managed Multi Asset Allocation Fund that will invest in equity, debt and gold. The New Fund Offer will close on February 7. The scheme aims to generate long-term capital appreciation by investing in…
Denta Water and Infra Solutions IPO receives overwhelming response, subscribed 221.52 times, raising ₹220.50 crore.
The ₹220.50-crore initial public offering of Denta Water and Infra Solutions saw an overwhelming response subscribing 221.52 times. The IPO, which came out with a price band of ₹279-294 a share, received bids for 116.30 crore shares against the offered…
Movers & Shakers: Stocks that will see action this week
Hindustan Unilever (₹2,368.90) At a long-term support The stock of Hindustan Unilever, since September last year, has been in a steady decline. In the second half of December, it formed a morning star pattern on the weekly chart, hinting at…
Q3 Results 2025 Live Today 25th Jan: ICICI, IDFC, Yes Bank, NTPC Green Energy, Orient Bell, JK Cement, Transport Corporation of India
3 results today live updates 25th January 2025: Find all the latest updates related to the FY25 Q3 results of ICICI Bank, IDFC Bank, Yes Bank, NTPC Green Energy, Orient Bell, JK Cement, Transport Corporation of India and a few…
Market tumbles as earnings concerns overshadow global optimism
The markets experienced a significant downturn on Friday, with benchmark indices losing ground amid persistent concerns over corporate earnings and market sentiment. The Sensex shed 329.92 points, closing at 76,190.46, while the Nifty 50 depreciated 113.15 points to settle at…
Q3 Results 2025 Live Today: DLF, Godrej, Bank of India, Granules India, Intellect, JSW Steel, Andhra Cements to announce Q3 results
3 Results Today live updates January 24, 2025: Find all the latest updates related to the FY25 Q3 results of DLF, Godrej, Bank of India, Shriram Finance, Hindustan Petroleum, Intellect, JSW Steel, Andhra Cements, Orient Cements, Sagar Cements, AU Small…
Pidilite Industries share price: gain 9%, ends 5% higher after Q3 earnings
Pidilite Industries stock gained 9 per cent on Thursday after reporting impressive growth volume in Q3 FY25. The stock closed 5.39 per cent higher on the NSE at ₹2,903.25, after hitting an intraday high of ₹2,997.20. The total market cap…
Q3 Results 2025 Live Today 23rd Jan: Adani Green Energy, Hindustan Petroleum (HP), Ultratech, Zee Entertainment, Mphasis
Results calendar: UltraTech Cement, Dr Reddy’s Laboratories, Hindustan Petroleum Corporation, Indus Towers, United Spirits, Adani Energy Solutions, Adani Green Energy, Amber Enterprises India, Capri Global Capital, Cyient, Dai-ichi Karkaria, Greaves Cotton, Indian Energy Exchange, KFin Technologies, Mankind Pharma, Mphasis, Nippon…
Smallcase, an investment platform, aims for profitability in 2025 with growth strategies including onboarding research analysts and wealth managers.
Investment platform Smallcase expects to turn profitable in the current year as it eyes more growth in the amount transacted on the platform, its Founder and Chief Executive Officer, Vasanth Kamath told businessline. Launched in July 2016, a smallcase is…
Q3 Results Live Updates: HDFC Bank, Bharat Petroleum (BPCL), Hindustan Unilever (HUL), Tata Communications, Pidilite, Polycab, Heritage foods to announce results today
Results calendar: HDFC Bank, HUL, Pidilite Inds, BPCL, Polycab, Persistent Systems, Coforge, Pidilite Industries, Tata Communications, HUDCO, Kaynes Technology, Go Digit, Zensar Technologies, Gravita India, Vaedhaman Textiles, Elecon Engg, Nuvoco Vistas Corp, Tips Music, Rattan India Power, Laxmi Organic Industries,…
lumino Industries files IPO to raise Rs ₹1000 crore, specializing in power EPC industry, with major players as lead managers
Kolkata Lumino Industries, a major player in the power EPC industry, has filed its draft red herring prospectus with capital markets regulator SEBI to raise₹1000 crore through initial public offering. The IPO, with a face value of ₹5, is a…
Q3 Results Live Today 21st Jan: India Cements, ICICI Prudential Life Insurance, UCO Bank, Tata Technologies, South Indian Bank, PNB Housing Finance
Home Markets Stocks Updated – January 21, 2025 at 08:58 AM. Quarterly Results 2025, Q3 Results Today, Companies Q3 earnings announcement live updates 21st January 2025: Find all the latest updates related to the FY25 Q3 results of India Cements,…
SEBI clears IPO applications worth Rs 5,000 crore, including Hexaware Technologies, with rising trend in fund raising
The capital market regulator SEBI has cleared six applications for initial public offering to cumulatively raise about ₹11,000 crore and returned the filings of Anand Rathi Share and Stock Brokers. Last December, Anand Rathi Share and Stock Brokers filed its…
Kotak Mahindra Bank: 5 brokerages upgrade to ‘buy’ with higher targets post Q3
Kotak Mahindra Bank reported a net profit of ₹3,305 crore for Q3FY25, marking a 10 per cent year-on-year (y-o-y) increase and flat growth on a quarter-on-quarter basis, driven by stable core income growth. The bank’s net interest income (NII) rose…
F&O Query: Should you hold put option on Sun Pharma and HUDCO?
I have bought one lot of Sun Pharmaceutical 1800-put option for ₹29.85. Also, I bought two lots of HUDCO 215-put option for an average price of ₹6.6. Both are January expiries. What should be my target and stop-loss for these positions? – Anish…
Technical Analysis: Balkrishna Industries, ICICI Lombard General Insurance and Indus Towers
Balkrishna Industries (₹2,704.40) Strong support ahead The stock of Balkrishna Industries has been gradually depreciating since August last year. But the price action indicates that the bears have lost traction in recent weeks. Going ahead, there is a possibility of…
Technical analysis: Asian Paints, Aarti Industries, Jai Corp and Electrosteel Castings
I have shares of Asian Paints bought at ₹3,075. Should I continue to hold the stock or exit? P Narayanan Nair Asian Paints (₹2,260): After oscillating in a wide sideways range for more than three years, Asian Paints share price has tumbled…
AI, robotics to drive job growth in India: World Economic Forum’s Future of Jobs Report 2025
Increased digital access, geopolitical tensions and climate-mitigation efforts are the primary trends expected to shape the future of jobs in India by 2030, according to the World Economic Forum’s Future of Jobs Report 2025. “Similar to their global peers, companies…
Capital Infra Trust InvIT ends flat on listing day
The units of Capital Infra Trust, an infrastructure investment trust (InvIT), made a flat market debut on Friday, listing at par with the issue price of ₹99. Later, it hit a low of ₹98.80 and a high of ₹99.49, before…
Sensex, Nifty to open on a weak note
Despite solid results from Infosys and Reliance Industries, domestic markets are expected to open on a muted note on Friday. Gift Nifty at 23,325 signals a marginal loss of 40-50 points for Nifty at open. Cues from global markets are also…
Broker’s call: HCL Tech (Buy)
Target: ₹2,180 CMP: ₹1,791.70 HCL Technologies (HCL Tech) reported revenue of $3,533 million, up 3.8 per cent q-o-q/4.1 per cent y-o-y in constant currency (CC) terms, missing our estimates of $3,561 million. Revenue in rupee terms stood at ₹29,890 crore,…
Nifty may top 23,400 thanks to positive sentiment
Gift Nifty at 23,400 signals another positive opening for Nifty. The focus has shifted to Q3 performance, as prominent companies such as Alok Industries, Axis Bank, BEPL, DB Corp, Hatsun, Havells, Infosys, Kesoram, LTI Mindtree, Mastek, Metrobrand and Reliance, among…
Broker’s call: Paytm (Buy) – The Hindu BusinessLine
Target: ₹1,050 CMP: ₹858.25 We upgrade One97 Communications (Paytm) to Buy from Add with revised DCF-based TP of ₹1,050 (earlier ₹750), implying FY27E EV/Op Rev at 4.5x and P/BV at 4.2x. Recent NPCI approval (Oct-24) released a major regulatory overhang,…
Positive opening seen for Nifty, Sensex
Equity markets are expected to sustain the gains at open. Gift Nifty at 23,310 signals a marginal gain of about 50 points at open. However, analysts expect the market to remain volatile and remain under pressure given the unabated selling…
Adani stocks lead market rebound as IT, FMCG face pressure
Indian equity markets snapped their four-day losing streak on Tuesday, with Adani stocks leading the charge while technology and consumer goods companies faced significant selling pressure. The benchmark BSE Sensex closed 169.62 points higher at 76,499.63, while the Nifty 50…
Stock Market live updates 14 January 2025: Stock to buy today: Hindustan Unilever (₹2,453) BUY
Sensex, Nifty, Share Prices Live Updates: The short-term outlook is bullish for Hindustan Unilever (HUL). The stock has been performing well even as the broader market faces significant declines. Strong support is evident around ₹2,400, and a break below this…
Broker’s call: Shriram Finance (Buy)
Target: ₹700 CMP: ₹520.80 Shriram Finance (SHFL) offers a well-diversified product suite and has emerged as a strong player across all its product segments. It has demonstrated strong execution capabilities and asset quality resilience while navigating multiple credit and economic…
Share Market Highlights 13 January 2025: Stock to buy today: Marico (₹672.85) BUY
Company: Adani Wilmar Ltd. Selling Shareholder: Adani Commodities LLP (Promoter) Offer size: Upto 25,99,35,722 equity shares of Rs. 1/- each (Base Size: Upto 17,54,56,612 equity shares and Oversubscription Option: Upto 8,44,79,110 equity shares) Reservation portion for Retail: 10% of offer…
Broker’s call: Ceat (Add) – The Hindu BusinessLine
Target: ₹3,651 CMP: ₹3,089.50 Ceat seems well poised to ride the growth wave while prudently navigating the steep RM inflation trends. Demand outlook stays unchanged; high single to early double digit volume growth is likely in FY25. Going forward,…
Despite SEBI tightening regulatory norms, SME IPO frenzy continues
Notwithstanding the market regulator SEBI’s move to tighten regulations for IPOs on the SME platform, the issuances have been buoyant, with one IPO hitting the market daily in the last 10 days, and another four set to open for subscription…
Technical Analysis: Bharti Airtel, Dabur India and Schaeffler India
Bharti Airtel (₹1,615.10) About to break out Bharti Airtel’s stock has been trading in a narrow range for nearly a month. It has been oscillating between ₹1,570 and ₹1,625. Nevertheless, the broader trend is bullish and the stock retains a…
Can the monster of front-running ever be tamed?
Of late, instances of front-running scam have been on the rise. The market regulator has been unearthing case after case of front-running, including a recent one involving big fish Ketan Parekh. Front-running occurs when a trader or fund manager tries…
Broker’s call: Tata Elxsi (Reduce)
Target: ₹5,870 CMP: ₹6,003.15 Tata Elxsi reported a weak top-line performance (0.4 per cent q-o-q CC), as transportation vertical (55 per cent of revenue), which had been performing well despite industry-wide challenges since past three quarters, reported soft growth of…
Stocks that will see action today: January 10, 2025
Puravankara Ltd on Thursday said it has acquired 3.63-acre land parcel in Bengaluru to build a housing project with an estimated revenue of Rs 700 crore. The land parcel, located at Kanakapura Road, Bengaluru, will have a saleable area of…
Markets slump as US bond yields surge, FMCG lone gainer
Equity benchmarks fell sharply on Thursday, weighed down by rising US bond yields and weak inflation data from China, with the BSE Sensex dropping 528.28 points to close at 77,620.21 and the NSE Nifty declining 162.45 points to end at…
New demat account addition slows down in Q3
Even as the number of dematerialised (demat) accounts grew in 2024, the pace of the growth has slackened in the last three months due to volatility in the stock markets. The number of demat accounts in 2024 rose by 46…
EV charging giants Exicom, Mufin Green join forces to expand India’s charging network
The shares of Exicom Tele-Systems Limited closed at ₹250.09 up by ₹11.90 or 5 per cent and those of Mufin Green Finance Limited closed at ₹104.55 up by ₹0.34 or 0.33 per cent on the NSE today. India’s largest EV…
Edelweiss Financial Services launches ₹100 crore NCD public issue with fixed coupons and green shoe option.
Edelweiss Financial Services has launched ₹100 crore public issue of secured redeemable non-convertible debentures of the face value of ₹1,000 each. The issue also has a green shoe option to retain another ₹100 crore, in case of oversubscription. The issue…
Broker’s call: IndusInd Bank (Buy)
Target: ₹1,500 CMP: ₹983.70 Our recent interaction with the management of IndusInd Bank (IIB) suggests that MFI stress is likely to be recognised by Mar’25. Given that MFI GNPA was 6.5 per cent, and 30-90 DPD was 4 per cent…
ITC trades sans hotels division at ₹455 apiece
The discovered price of shares of cigarette-to-soap conglomerate ITC Ltd stood at around ₹455 apiece on stock exchanges at the end of a special trading session on Monday to adjust for the spinoff of its hotels division. The stock was…
Markets tank on HMPV fears, Q3 earnings concerns; Sensex drops 1,258 points
Indian equity markets suffered significant losses on Monday as fears surrounding the Human Metapneumovirus (HMPV) and concerns over third-quarter earnings triggered a broad-based selloff, pushing both benchmark indices below their 200-day moving averages. The BSE Sensex plunged 1,258.12 points or…
F&O Strategy: Buy Adani Energy call
For the stock of Adani Energy Solutions (₹821.25), the short-term outlook turned positive after a recent bounce. Immediate support levels are at ₹793 and ₹697. A conclusive close below the latter will alter the short-term positive view. Nearest resistance is at ₹842. A…
F&O Query: Should You Hold Sun Pharma Call Option?
I bought three lots of Sun Pharmaceutical 1860-call option (January) at an average premium of ₹60.78. Should I hold for another 2-3 weeks or exit now? – Anish Das Sun Pharmaceutical Industries (₹1,849.65): The stock broke out of the resistance at ₹1,830…
HDFC Bank reports 7.6% growth in Q3 advances
HDFC Bank, India’s largest private sector lender, reported a 7.6 per cent year-on-year growth in its average advances under management to ₹26,27,600 crore for the December 2024 quarter. The bank’s retail segment showed strong performance with a 10 per cent…
Mutual funds want investors to temper expectations
After delivering decent returns in last two years, mutual funds want investors to temper their expectations this year given the overall economic challenges. Though last year was almost filled with optimism, Axis Asset Management has tempered its expectations. “We expect…
Standard Glass Lining mops up ₹123 crore from anchor investors ahead of IPO
Standard Glass Lining Technology has garnered ₹123.02 crore from anchor investors ahead of its initial public offering, which opens on Monday and closes on January 8. The ₹410.05-crore IPO is a mix of fresh issue worth ₹210 crore and an…
Quadrant Future IPO: Company fixes on price band of ₹275-290 per share; to open on January 7
Quadrant Future Tek Ltd on Friday said it has fixed the price band at ₹275-290 per equity share for its ₹290-crore initial public offering (IPO) that will open for public subscription on January 7. The IPO of Quadrant Futures Tek…
25 and counting: 2025 set for record number of start-up IPOs
The new year is poised to bring a significant boost to start-up public listings, with nearly 25 companies preparing to hit the public markets which is nearly double the number of new-age tech IPOs compared with 2024. The year 2025…
Sensex nears 80,000, Nifty tops 24,000 as Auto, IT stocks drive rally
Markets staged a robust comeback in the first trading session of 2024, with the benchmark Sensex surging 1,436.30 points (1.83 per cent) to close at 79,943.71, nearly touching the 80,000 mark. The Nifty50 registered similar gains, climbing 445.75 points (1.88…
Equity F&O turnover dips to 13-month low in December
The total turnover in the equity derivatives segment fell to a 13-month low in December with regulatory curbs kicking in from November. Total F&O turnover for December stood at ₹43.99 crore, a 22 per cent decline over October. Index options…
Markets start 2025 on high note as Auto stocks lead rally
Equity markets kicked off 2025 on an optimistic note, with the benchmark indices closing higher led by strong gains in auto stocks and capital goods sectors. The BSE Sensex ended 368.40 points or 0.47 per cent higher at 78,507.41, while…
Sensex and Nifty log ninth consecutive year of gains, up 8% in 2024
The country’s benchmark indices posted their ninth straight year of gains despite a correction in the December quarter. The Sensex rose 8.2 per cent, while the Nifty 50 ended with gains of 8.8 per cent, fuelled largely by domestic liquidity….
PVV Infra aims to raise ₹49 crore through rights issue for solar power expansion
PVV Infra, a rooftop solar power installation company, plans to raise ₹49 crore through rights issue. The company’s board of directors approved many key decisions in a meeting held on Tuesday, including the rights issue, which will provide the existing…
ITI Limited shares zoom by 15%
ITI Limited’s shares closed at ₹378.55, up by 15.41 per cent on the BSE. The stock hit an intraday high of ₹334.35, outpacing the broader market by 1.75 per cent. The company is expected to deliver strong quarterly results as…
Ola Electric shares slump 5% as top executives exit
Ola Electric Mobility’s stock fell 5.05 per cent to close at ₹85.39 on the BSE on Monday, following the resignation of two key executives. Chief Marketing Officer Anshul Khandelwal and Chief Technology & Product Officer Suvonil Chatterjee stepped down effective…
Technical Analysis: Axis Bank, ONGC, Lupin And IDFC First Bank
I am holding Axis Bank shares at ₹810. What is the long-term outlook? Dhayaanithi M, Hosur Axis Bank (₹1,079): The broader trend is up and strong. The stock touched a high of ₹1,339 in July this year and has been…
F&O Tracker: Bears Maintaining Advantage
Nifty 50 (23,813) and Bank Nifty (51,311), largely due to the gap-up open on Monday, posted a gain of 1 and 1.1 per cent respectively last week. Here is an analysis of the futures and options data of both indices….
FPIs ease equity sell-off, boost primary market bets in December
Year-end Christmas holidays may have slowed Foreign Portfolio Investors (FPIs) selling spree in Indian equities last week, while their robust investments in the primary market signalled continued confidence. They have till December 27 net sold ₹656 crore in Indian equities through…
Credila Financial Services plans to raise ₹5,000 cr via IPO
Credila Financial Services Limited (formerly HDFC Credila Financial Services) has approved plans to raise capital through an initial public offering (IPO), potentially exceeding ₹5,000 crore, at its extraordinary general meeting held on December 26, 2024. The IPO, targeted for 2025,…
Five key factors to watch for in 2025
Bye bye 2024, welcome 2025! The year 2024, which began on a confident note, is leaving investors at a crossroads at close, with many complex issues facing them. Nifty 50 scaled an all-time high of 26,216 in September and took…
DAM Capital Advisors IPO shares soar on both NSE & BSE
DAM Capital Advisors shares closed about 46% higher than its issue price on its market debut on Friday. The stock closed at ₹415.05 in the BSE and at ₹415.40 in the NSE against IPO price of ₹283. The ₹840-crore IPO…
Unimech Aerospace’s ₹500-cr IPO receives bids for nearly ₹65,000 cr
The initial public offering of Unimech Aerospace and Manufacturing saw a tumultuous response from all category investors, as the issue was subscribed 175.31 times on the last day of issue closing on Thursday. The ₹500-crore issue generated bids worth ₹64,731…
Stock markets little changed in muted trade; Adani Ports spurts over 5%
Benchmark indices Sensex and Nifty ended flat in listless trading on Thursday amid a lack of near-term triggers and unabated foreign fund outflows. The 30-share BSE benchmark Sensex dipped 0.39 points to settle at 78,472.48 in muted trade. During morning…
Metropolitan Stock Exchange raises ₹238 crore
Metropolitan Stock Exchange has raised ₹238 crore through issuance of equity share on a private placement to a group of investors including promoters of Groww and Zerodha. The board of the exchange in a meeting held on Tuesday said it…
Indian stock markets closed today on account of Christmas
Indian stock markets remained closed on Wednesday due to the Christmas holiday. This was in line with many other major Asian markets, which also observed a holiday. However, a few markets in the region were open and displayed mixed trends….
IndiQube files DRHP to raise ₹850 crore
Westbridge-backed managed workplace solutions company, IndiQube Spaces Ltd, has filed its draft red herring prospectus (DRHP) with the capital markets regulator, SEBI, to raise funds through an IPO. The company plans to raise ₹750 crore through a fresh issue of…
Sensex, Nifty close flat in volatile trade; metal, power stocks drag
Benchmark equity indices Sensex and Nifty ended on a flat note in a volatile trade on Tuesday, as investors preferred to stay on the sidelines awaiting further triggers amid persistent foreign fund outflows. After gyrating between highs and lows, the…
Broker’s call: IndusInd Bank (Buy)
Target: ₹1,800 CMP: ₹944.70 IndusInd Bank is a new-generation private-sector bank. The bank has a pan-India presence, with around 2,631 branches as of Sep’23. The bank delivered a healthy performance in Q2-FY24 with PAT growing by 3 per cent q-o-q…
Markets stage sharp recovery after five days of fall; Sensex climbs 500 points
Equity benchmark indices Sensex and Nifty rebounded sharply on Monday after five days of steep decline amid value buying at lower levels and a rally in global markets. Besides, hectic buying in blue-chip stocks ITC, HDFC Bank and Reliance Industries…
Institutional flows to anchor Indian equities in 2025: ICICI Securities
The institutional flow in the Indian equity markets will remain a driving force in the calendar year 2025, as it witnessed robust institutional flows of nearly ₹4 lakh crore in 2024, the ICICI Securities anticipated. The institutional liquidity flow has…
Market capitalisation of top-10 most valued firms plunges ₹4.95 lakh crore; TCS, Reliance hardest hit
The combined market valuation of all the top-10 most valued firms slumped ₹4,95,061 crore last week, in line with a bearish trend in equities, where Tata Consultancy Services and Reliance Industries faced the sharpest erosion. Last week, the BSE benchmark…
Technical Analysis: Apollo Tyres, Petronet LNG And Radico Khaitan
Apollo Tyres (₹532.50) At the top of a range The stock of Apollo Tyres peaked in February after it faced a barrier at ₹555. Since then, it has largely been trading in the broad range of ₹465-555, except for a…
The year of IPOs: A record-breaking ₹1.8 lakh crore raised from initial public offerings in 2024, says Motilal Oswal report
The Indian primary market witnessed 2024 as the blockbuster year for initial public offerings (IPOs), according to a report by Motilal Oswal. The report highlighted that a record-breaking ₹1.8 lakh crore was raised through more than 317 IPOs so far…
Freshworks’ founder Girish Mathrubootham sells shares worth $40 mn
Freshworks’ founder Ratna Girish Mathrubootham has sold shares worth $40 million on the Nasdaq, according to the company’s filing in the US Securities and Exchange Commission. The sale happened on December 18 and 19, the filing says. On December 18,…
Steel Strips Wheel shares gain 2% on securing ₹132 crore order from EU OEM
Shares of Steel Strips Wheel Ltd (SSWL) gained 1.65 per cent to ₹202.80 on the BSE at 1.15 PM on Friday, after it announced that it has secured a significant contract from an European Original Equipment Manufacturer (OEM) for the…
Rekha Jhunjhunwala-backed Inventurus Knowledge ends 47.5% higher on listing day
Shares of Inventurus Knowledge Solutions Ltd (IKSL) made a stellar listing at the bourses on Thursday. Compared to the IPO price of ₹1,329, the stock listed at ₹1,900 on the NSE and rose further to a high of ₹2,031 and…
Mazda shares soar 7% after bagging an order worth of ₹98 crore
Shares of Mazda Ltd surged 6.06 per cent to ₹1,491.30 on the BSE on Thursday after the company announced that it had secured an order worth ₹98 crore from an international entity. According to its exchange filing, the order involves…
US stocks plunge as Fed signals slower pace of rate cuts in 2025
U.S. stocks plunged on Wednesday, erasing earlier gains after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank’s economic projections signalled a slower pace of cuts next year. The Fed cut rates…
Aequs to supply structural parts to Dynamatic Technologies for Airbus A220 door program
Bengaluru-based Aequs Private Limited has partnered with Dynamatic Technologies Limited to supply structural parts for the Airbus A220 Door Program. Under the agreement, Aequs will manufacture and deliver over 200 complex parts, involving intricate tool design, forgings, machining, and surface…
Ventive Hospitality to launch IPO on Dec 20, price band ₹610-643/share
Ventive Hospitality, a joint venture between Blackstone and Panchshil Realty, will launching its initial public offer on December 20, with a price band in the range of ₹610-643 a share. The company has scaled down its IPO size from its…
Asian Energy gains 3% after securing ₹200 crore order from Assam Gas Company
Shares of Asian Energy Services gained 3.24 per cent to ₹395.60 on the BSE today after the company announced that it has bagged an contract worth approximately ₹200 crore from Assam Gas Company Limited. According to its exchange filing, the…
HDFC Bank faces regulatory scrutiny over delayed disclosure of senior management resignation
HDFC Bank has received an administrative warning letter from the markets regulator regarding non-compliance with certain provisions of the SEBI Listing Regulations regarding the resignation of Arvind Kapil, a senior management employee of the Bank. The regulator said there was…
Paytm offers festival travel discounts to boost holiday mobility
Paytm has launched its ‘Home for the Holidays’ campaign, providing significant travel discounts to encourage holiday season travel across India. The digital payment platform is offering a 12 per cent discount on bus and flight bookings, with promotional codes “BUSHOME”…
Vishal Mega Mart IPO closes with over 27 times subscription
Vishal Mega Mart’s initial public offer was subscribed over 27 times on the last day of the issue with bids coming in for over 2,064 crore shares as against the 75.7 crore shares on offer. An overwhelming number of bids…
Five of top-10 most valued firms together add ₹1.13 lakh crore in market valuation
Five of the 10 most valued firms added ₹1,13,117.17 crore to their total market valuation last week with Bharti Airtel stealing the show. Read also: Airtel expands with AI data centres and high-altitude network, shares rise While Tata Consultancy Services…
Technical Analysis: Astra Microwave Products, Astra Microwave Products And Zydus Wellness
Astra Microwave Products (₹833.10) Cracks a key resistance The stock of Astra Microwave Products formed a higher low last month. As the price moved up in the recent weeks, it surpassed both 50 and 200-day moving averages as well as…
One MobiKwik subscribed 119 times as investors pour in money
The ₹572-crore initial public offering of One MobiKwik Systems saw an overwhelming response from all categories of investors who subscribed at 119.38 times. The offer that came out with a price band of ₹265-279 a share received bids for 141.73…
Sai Life Sciences issue garners bids for 10.26 times
TPG Capital-backed initial public offering of Sai Life Sciences closed with a subscription figure of 10.26 times. The ₹3,043-crore IPO comprised a fresh issue (₹950 crore) and an offer-for-sale of 3.81 crore shares valued at ₹2,092 crore. The price band…
Carlyle mulls $1 billion IPO for Quest Global in India, valuation may exceed $5 billion
Carlyle Group Inc. is considering an initial public offering of engineering services firm Quest Global Services Pte in India, people familiar with the matter said, amid increasing investor interest in the nation’s stock market. The US investment firm has held…
Broker’s call: Shriram Pistons (Buy)
Emkay Global Target: ₹2,950 CMP: ₹2,188.40 Shriram Pistons (SPRL) has entered an agreement for acquiring 100 per cent shareholding in TGPEL Precision Engineering (TGPEL), a manufacturer of high precision injection molds and components, at an EV of ₹220 crore on…
Intellect and InsureMO secure Incarnation Specialty as new client
Insurtech firms IntellectAI and InsureMO have onboarded Incarnation Specialty, a marine insurance Managing General Agency (MGA), to their end-to-end underwriting ecosystem. The partnership, announced today, will leverage eMACH.ai Xponent, an AI-powered underwriting workbench, and InsureMO’s policy administration system. The shares…
Equirus Wealth asset base swells over ₹10,000 crore
Equirus Wealth has surpassed ₹10,000 crore in assets under management (AUM). In a release on Wednesday, the wealth management firm said this achievement reflects the firm’s strong growth trajectory, with AUM doubling in just 18 months, and highlights its ability…
HUDCO and DDA join hands to boost housing and urban development
Shares of Housing and Urban Development Corporation Limited (HUDCO) fell by 0.37 percent to ₹253.35 on the BSE at 2.34pm today. The Delhi Development Authority (DDA) had signed a Memorandum of Understanding (MoU) with HUDCO on December 10, 2024, in…
Broker’s call: Anant Raj (Buy)
Target: ₹1,080 CMP: ₹737.85 We believe that Anant Raj’s (ARCP) entry into cloud operations can be an inflection point for the company, which is looking to further move up the chain from its core colocation business in the Data Centre…
Bajaj Healthcare bags new CDMO contracts, stock hits 52-Week high
Bajaj Healthcare Limited’s shares rose by 0.69 per cent to ₹451.85, hitting a 52-week high of ₹466.30 on the BSE today. Following the announcement that the company has secured new CDMO contracts with UK- and EU-based companies for 15 additional…
Torrent Power QIP subscribed 4 times
Torrent Power Ltd on Monday announced successful completion of its ₹3,500 crore (approximately $413.20 million) Qualified Institutions Placement (QIP). “The issue garnered significant response from investors including domestic mutual funds, global investors and insurance companies, demonstrating their strong confidence in…
Kernex wins ₹2,041 crore KAVACH railway safety contract
Kernex Microsystems (India) Limited has secured a major contract worth ₹2,041.04 crores from Chittaranjan Locomotive Works, a division of the Ministry of Railways, the company announced today. The shares of Kernex Microsystems (India) Limited were trading at ₹1,194.75 up by…
F&O Tracker: Bulls Triumph Over Bears
Nifty 50 (24,678) and Bank Nifty (53,510) broke through key barriers last week and recorded a gain of over 2 per cent each. The derivatives data of the indices indicate that there has been good buying interest, keeping the door…
Technical Call: HDFC Bank – BUY
Long-term investors can buy the shares of HDFC Bank (₹1,856) at current levels. The prolonged consolidation in the stock has come to an end. The strong rise and close above ₹1,800 last week have confirmed the range breakout. Before the…
F&O Strategy: Kalyan Jewellers: Bull Call Spread
The outlook for the stock of Kalyan Jewellers India (₹730.50) remains positive. Immediate resistance is at ₹754. A close above this can trigger a fresh rally. Conversely, the stock finds its nearest support at ₹685 and ₹655. As long as the…
MobiKwik cuts IPO size to Rs ₹572 crore
Fintech major MobiKwik has reduced its initial public offering (IPO) size to ₹572 crore from ₹700 crore due to volatile market conditions and higher scrutiny by the regulator over fintech players, sources say. The fintech firm has set IPO price…
LG Electronics India files DRHP, to sell 10.18 crore shares
With plans to list its Indian arm, LG Electronics India, South Korean consumer durables major LG Electronics Inc on Friday filed a draft red herring prospectus with market regulator SEBI for an IPO go ahead for a public listing at…
Adani Wilmar elevates Shrikant Kanhere to Deputy CEO
Adani Wilmar Limited (AWL) has appointed Shrikant Kanhere as Deputy Chief Executive Officer, effective immediately, the company announced on December 6, 2024. Kanhere will continue to serve as Chief Financial Officer while taking on the additional leadership role. The shares…
Stock exchanges set up online repository platform for IPO docs
Stock exchanges have set up an online Document Repository platform that would enable merchant bankers to upload and maintain records and documents relied upon by bankers while conducting their due diligence on public issues electronically. The platform is intended to…
Zen Technologies expands into US Defence market with AVT Simulation partnership
Zen Technologies Limited has announced a strategic partnership with AVT Simulation to penetrate the US defence market, signed today in Florida. The collaboration aims to develop advanced training and simulation solutions for defence and security forces. The shares of Zen…
Blackstone and Sattva Group set to file papers for $750-800 million REIT listing
World’s largest alternative asset manager Blackstone Inc and real estate developer Sattva Group are close to filing the initial draft papers for the listing of an office real estate investment trust (REIT), comprising around 50 million square feet of commercial…
Club Mahindra expands Kandaghat Resort with over 100 new keys
Club Mahindra, the flagship brand of Mahindra Holidays & Resorts India Limited, has announced a significant expansion of its Kandaghat resort, adding more than 100 room keys with plans to introduce an additional 40 rooms by Q1 FY26. The shares…
SEBI proposes online monitoring of system audit of stock brokers
SEBI has proposed a framework to help stock exchanges to do online monitoring of system audit of stock brokers. In a consultation paper issued on December 3, the regulator said that this framework will make the auditor more responsible for…
TCS expands digital banking solutions in Bhutan with core platform upgrade
Tata Consultancy Services (TCS) has secured a strategic deal with Bank of Bhutan to modernize its digital banking infrastructure, the company announced on December 3, 2024. TCS will implement its proprietary TCS BaNCS Global Banking Platform to help the bank…
RBL Bank stocks take a hit; here’s why
RBI bank stock hit 52-week low of ₹147.55 today on BSE announcing that itwill cease issuing co-branded credit cards in partnership with Bajaj Finance. However, the bank will continue to service the existing 3.4 million co-branded credit cards issued under…
SWREL bags ₹504 crore Rajasthan project
Sterling and Wilson Renewable Energy Limited (SWREL) has secured a major domestic solar project worth approximately ₹504 crore from a private Independent Power Producer (IPP) in Rajasthan. The company will supply, install, and commission a 305 MW AC/396 MWp DC…
GAIL (India) signs long-term LNG ship charter with “K” LINE, strengthens fleet to meet India’s energy demands
Shares of GAIL (India) gained 1.02 per cent to ₹198.85 after the company signed a long-term time charter contract with Kawasaki Kisen Kaisha (“K” LINE) for a new-built LNG ship. The vessel is expected to start operations in 2027. This…
Is it time for Nifty50 derivatives to debut on BSE?
The Securities and Exchange Board of India on Thursday unveiled a set of measures to ensure seamless trading on stock exchanges during technical outages. Under the new framework, which will take effect in April 2025, the BSE and NSE will…
Technical Analysis: BHEL, Bharat Dynamics and Piramal Enterprises
BHEL (₹251.10) Bulls gaining traction The stock of Bharat Heavy Electricals Limited (BHEL) has been in a correction phase since July. The bulls faced roadblock at ₹330, lost traction, and what followed has been a fall in price. However, the…
Broker’s call: Gulf Oil (Buy)
Target: ₹1,800 CMP: ₹1,098.70 We reiterate our positive stance on Gulf Oil Lubricants India Ltd (GOLI), led by steady core volume growth (8 per cent core volume CAGR over FY24-27E, over 2x of industry growth), and a 13-14 per cent…
Broker’s call: Aadhar Housing (Buy)
Target: ₹550 CMP: ₹432.75 Aadhar Housing Finance (Aadhar) was amongst the first few AHFCs to get HFC licence, way back in 2010, and since then its execution track record under the leadership of Deo Shankar Tripathi (Executive VC) and Rishi…
Adani group shares surge, Adani Green gains the most
Shares of the Adani Group rose in early trading on Friday, despite the ongoing regulatory scrutiny facing the conglomerate. Adani Green Energy shares soared 14.36 per cent at about 950 am on Friday, while Adani Enterprises rose 0.49 per cent….
SpiceJet shares soar 3% on aircastle dispute resolution
SpiceJet’s stock price climbed nearly 3 per cent in early trade on Thursday on the BSE after Aircastle Ireland Designated Activity Company, an aircraft lessor, withdrew its insolvency case against the airline in the NCLT. This development comes on the…
BEML secures ₹3,658 crore Chennai Metro Rail contract
BEML Limited has been awarded a significant contract by Chennai Metro Rail Limited (CMRL) worth approximately ₹3,658 crore, the company announced today. The contract was awarded on November 27, 2024. Shares of BEML Limited were trading ₹96.25 or 2.30 per…
Broker’s call: Astral (Buy) – The Hindu BusinessLine
Target: ₹2,666 CMP: ₹1,792.15 In the extremely volatile PVC pricing context. Astral’s performance was decent though revenue was up only 0.5 per cent to a muted ₹1,370 crore. Despite the challenging situation, the gross margin held y-o-y at a stable…
Ola Electric shares jump as Citi initiates coverage with buy
Shares of Ola Electric Mobility jumped 15 per cent from the previous close on Wednesday following Citi’s coverage on the stock initiating ‘buy’ call. The EV manufacturer recently launched its Gig and S1 Z range of scooters. The brokerage, which…
C2C Advanced IPO subscribed 117x despite regulatory diktat
The regulatory intervention failed to dent investors’ interest in the IPO of C2C Advanced Systems. The Bengaluru-based company’s IPO that opened on Friday at NSE-Emerge platform was subscribed 116.67 times overall. The company was forced to come with a withdrawal…
EaseMyTrip expands footprint with new Mumbai office
Online travel platform EaseMyTrip has inaugurated a new office in Mumbai, strategically located in Andheri East’s Skyline Icon building. The company occupies the entire 4th floor of the facility, marking a significant expansion in India’s financial capital. The shares…
Broker’s call: SBI Life Insurance (Buy)
Target: ₹1,978 CMP: ₹1,496.60 We maintain Buy on SBI Life Insurance Company considering the attractive valuation and no major change in medium/long-term potential VNB growth/RoEV. While some adjustments in channel preference may/may not impact near-term VNB growth proposition, we believe…
Mid-day updates: Sensex surges past 80,000 as mid-cap stocks shine
Equity markets maintained strong momentum in Monday afternoon trading, with the benchmark BSE Sensex holding firmly above the psychologically crucial 80,000 mark. The 30-share index traded at 80,254.58, up 1,137.47 points or 1.44% from its previous close, while the broader…
IPO pipeline to remain strong; 10 companies aim to raise ₹20,000 cr in Dec
The primary market is expected to remain vibrant, with at least 10 companies, including supermart major Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd expected to raise a combined ₹20,000 crore in the next month,…
NTPC Green Energy IPO subscribed 2.4 times
The ₹10,000-crore initial public offering of NTPC Green Energy closes subscribed 2.42 times on the last day of issue closing on Friday. The IPO that came out with a price band of ₹102-108 received bids for 143.37 crore shares against…
Technical Analysis: Global Health, Lemon Tree Hotels, NCC
Global Health (₹1,114) Set to breakout Bears maintained dominance in the stock of Global Health between June and early October. Consequently, the price slumped from ₹1,380 to mark a ten-month low of ₹935.5 in October. But since hitting the low, there…
Broker’s call: PSP Projects (Hold)
Target: ₹685 CMP: ₹614.35 On November 19, PSP Projects entered into a Share Purchase Agreement (SPA) with Adani Infra India for the sale of up to 30.07 per cent of the company’s paid-up share capital, amounting to ₹685 crore for…
SEBI proposes tighter hiring rules for top jobs at MIIs
The Securities and Exchange Board of India (SEBI) has proposed to overhaul the processes of appointing key management personnel by market infrastructure institutions (MIIs) such as stock exchanges, clearing corporations, and depositories. The regulator plans to align their appointments with…
Tata Technologies signs ₹95.65 crore deal to upgrade Tripura ITIs
Tata Technologies Limited has entered into a Memorandum of Agreement (MoA) with the Government of Tripura’s Department of Industries & Commerce to upgrade 19 Industrial Training Institutes (ITIs) across the state. The deal, valued at ₹95.65 crores excluding GST, was…
Broker’s call: Star Cement (Buy)
Target: ₹207 CMP: ₹173.25 Star Cement Ltd (SCL) reported 9.6 per cent y-o-y growth in its sales at ₹642 crore with underlying sales volume growing 7.4 per cent y-o-y to 1.0 mt. Sales volume in North-East grew 11.5 per cent…
Adani Infra to acquire substantial stake in PSP Projects
Adani Infra (India) Limited has signed definitive agreements to acquire up to 30.07% stake in PSP Projects Limited from its founder promoter Prahladbhai S. Patel, the company announced on November 19, 2024. The shares of PSP Projects Limited were trading…
NTPC Green Energy IPO: Marwadi Financial Services assigns subscribe rating to NGEL IPO
NTPC Green Energy Ltd. (NGEL), the renewable energy arm of NTPC, has launched its initial public offering (IPO) to raise ₹10,000 crore. The issue was subscribed 33 per cent so far and concludes on November 22, 2024. Marwadi Financial Services…
Markets end higher despite late sell-off on Russia-Ukraine concerns
Equity benchmarks closed higher on Tuesday, snapping a seven-day losing streak, though gains were trimmed in late trading hours amid escalating geopolitical tensions between Russia and Ukraine. The S&P BSE Sensex ended at 77,578.38, up 239.37 points or 0.31 per…
Broker’s call: Marico (Accumulate) – The Hindu BusinessLine
Target: ₹678 CMP: ₹590.95 Marico is a leading Indian FMCG company with exports to over 25 countries. The company’s product portfolio includes brands such as Parachute, Saffola and Livon. In Q2FY25, Marico’s revenue increased 7.6 per cent y-o-y to ₹2,664…
International Conveyors acquire stake in Globus Spirits
International Conveyors Limited (ICL) announced on November 18, 2024, the acquisition of 110,715 equity shares in Globus Spirits Limited for ₹9.13 crore. The acquisition was completed on November 18, 2024, as part of ICL’s investment strategy. The shares of International…
Broker’s call: PNC Infratech (Hold)
Target: ₹339 CMP: ₹301.10 PNC Infratech (PNCL) Q2-FY25 operational results were lower than consensus estimates. Numbers were impacted from weak execution as adjusted revenue declined by 58 per cent y-o-y. The decline in revenue was due to delay in appointed…
Indraprastha Gas, Mahanagar Gas, Gujarat Gas, ATGL shares slump amid reports on lower gas allocation
Shares of gas distribution companies such as Indraprastha Gas, Mahanagar Gas, and Gujarat Gas fell sharply in early trade on Monday following the reduction of Administered Price Mechanism (APM) allocation for the second straight month. “Not only does this deal…
Broker’s call: SignatureGlobal (Buy) – The Hindu BusinessLine
Target: ₹2,007 CMP: ₹1,303.20 SignatureGlobal India had delivered 63 per cent sales booking CAGR over FY21-24, largely via affordable/mid-income housing projects. It has now achieved H1FY25 sales bookings of ₹5,900 crore driven by the launch of its Titanium project in…
NTPC Green IPO to open on November 19, can be subscribed for long term gains: SBI Securities
The Initial Public Offering (IPO) of NTPC Green Energy Ltd (NGEL) is set to open on November 19. SBI Securities in its latest report says, given the company’s robust growth potential, analysts recommend subscribing to the IPO at the cut-off…
Technical Analysis: DCM Shriram, One 97 Communications, Uno Minda
DCM Shriram (₹1,302.85) Positive momentum seen The stock of DCM Shriram has been appreciating gradually ever since it found support at ₹750 in April 2023. The chart shows that it has been moving across a broad rising channel. Over the past…
Broker’s call: Affle India (Buy)
Target: ₹2,538 CMP: ₹1,579.95 In Q2 FY25, Affle (India) reported a strong topline growth of 26 per cent y-o-y, delivering 95 million conversions at a CPCU rate of ₹57.1. This resulted in CPCU revenue of ₹541.60 crore, reflecting an increase…
Markets tank over 10% from record highs amid FII exodus, weak Q2 earnings, elevated valuations
Benchmark indices Sensex and Nifty after smashing many record peaks this year, slipped into a correction mode, with the NSE key gauge falling over 10 per cent from its record high hit in September amid concerns of foreign investors fleeing…
CIEL HR to file initial IPO papers for ₹450 crore offer
Chennai-based CIEL HR Services Ltd. (CIEL HR), which provides technology-driven HR solutions, plans to file for an initial public offering (IPO) today, expected to raise around ₹450 crore, according to industry sources. The public offer is expected to comprise a…
Stock Market Holiday on 15 November: BSE, NSE closed for Guru Nanak Jayanthi
Both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will remain closed on Friday, November 15, on account of Guru Nanak Jayanthi. All trading activities — including equity, equity derivatives, and securities lending and borrowing (SLB) segments —…
Niva Bupa shares slip 2% post premium listing
Niva Bupa Health Insurance Company shares declined 1.95 per cent to ₹76.62 on NSE by 10.30 am on Thursday, after listing at a premium earlier in the day. The stock debuted at ₹78.14 on NSE and ₹78.50 on BSE, marking…
Nifty slumps 10% from peak, Bank Nifty weekly contracts bid adieu
Benchmark indices fell for the fifth straight session on Wednesday, entering correction territory, amid a sharp surge in domestic inflation, firm dollar and rising US bond yields. Wednesday also marked the end of of the popular trading instrument – Bank…
Sterlite Technologies secures ₹2,600 crore BharatNet project in Jammu and Kashmir
Sterlite Technologies Limited (STL) has won the Jammu and Kashmir segment of the BharatNet III project in consortium with Dilip Buildcon Limited, said the company today. The project, valued at ₹2,600 crore, includes ₹1,625 crore in capital expenditure and ₹975…
Broker’s call: Doms Ind (Buy)
Target: ₹3,100 CMP: ₹2,677.90 Doms Industries has reported another strong quarter amid a slowdown in the broader consumption space. Its Q2-FY25 revenue/EBITDA/PAT growth at 20/32/43 per cent y-o-y were ahead of BNP Paribas expectation. We raise our FY25-27E EPS by…
Hindalco, ONGC, Ramco Cements & Ambuja Cements Share Price Live; Sagility IPO listing today
Sagility India made a decent debut on the stock market, listing at Rs. 31.06 per share, a 3.53% gain over its issue price of Rs. 30. While the IPO received a moderate subscription of 3.2 times, the listing performance is…
Qualified brokers to provide clients UPI block or 3-in-1 trading account from February 1
SEBI has asked qualified stock brokers (QSBs) to provide their clients trading supported by blocked amount in the cash segment using the UPI block mechanism or the 3-in-1 trading account, in addition to the current mode of trading, from February…
Market opens lower as China stimulus disappoints; Asian Paints slumps 8%
Indian equity markets opened lower on Monday as China’s smaller-than-expected stimulus package and persistent foreign investor selling weighed on sentiment, despite record highs in US markets following Donald Trump’s presidential victory. The benchmark Sensex opened at 79,298.46, down from its…
Swiggy IPO oversubscribed by 3.59x led by QIBs, employees
Food delivery and grocery major Swiggy’s initial public offering has been oversubscribed by 3.59 times after a tepid response in the first two days. The qualified institutional buyers (QIBs) portion was booked 6.02 times — the highest, NII portion…
Broker’s call: Aadhar Housing (Buy)
Target: ₹600 CMP: ₹459.15 Aadhar Housing Finance (Aadhar) delivered a strong quarter with a PAT beat of 9 per cent JMFe at ₹230 crore (+15 per cent y-o-y, 13.7 per cent q-o-q) driven by: strong AUM growth of (+5 per…
FPIs sell ₹19,994 crore in Indian equities in 6 trading sessions
Foreign Portfolio Investors (FPIs) continued their selling in the Indian equity markets, recording net outflows of ₹19,994 crore in just the six trading sessions so far in November 2024. For the first time this calendar year, FPI net investments turned…