Broker’s call: Aptus Value Housing Fin (Buy)
Target: ₹430 CMP: ₹338.15 Aptus Value Housing Finance reported earnings of ₹180 crore (in line with our estimates), up 23 per cent y-o-y and 6 per cent q-o-q. AUM was up +27 per cent y-o-y, within the guided range of…
Specified Digital Platform: Concept lacks clarity
The new breed of un-registered ‘finfluencers’ indulging in malpractices such as paid promotion, front-running, duping investors through fancy products have been on the rise. Through social media channels they not only rob gullible investors but also put the trading system…
Niva Bupa Health IPO enters Day 2 with 0.65x
The initial public offering of Niva Bupa Health Insurance Company is entering day 2. The IPO that comes out with a price band of ₹70-74 a share closes on November 11 (Monday). The IPO has so far been subscribed 0.65 time. The IPO…
Broker’s call: Saregama (Buy) – The Hindu BusinessLine
Target: ₹580 CMP: ₹513.10 Saregama India’s strong headline numbers masked the weakness in music licensing revenue. Consolidated revenue grew 40.3 per cent y-o-y, aided by strong growth in the video segment. Music Licensing revenue growth was soft, up 8 per…
Swiggy IPO subscribed 12% on Day 1
The much-awaited Swiggy’s initial public offering that opened on Wednesday saw a muted response from investors. The IPO targets ₹11,327.43 crore through a combination of fresh issue worth ₹4,499 crore and offer for sale of 17.51 crore shares worth ₹6,828.43 crore….
Promoters and PE investors ramp up sell-downs in Indian stocks, doubling deal value to $67 billion in 2024
The relentless selling by foreign portfolio investors in Indian equities has not deterred promoters, private equity investors and other investors from monetising their stakes in companies and sell-downs through bulk and block deals have doubled in 2024 year to date…
The mega ₹11,327 crore Swiggy IPO opens today at ₹371-390 price band
The much-awaited Swiggy’s initial public offering opens to public today. The IPO targets ₹11,327.43 crore through a combination of fresh issue worth ₹4,499 crore and offer for sale of 17.51 crore shares worth ₹6,828.43 crore. The IPO, priced at ₹371-390,…
Broker’s call: MPS (Buy) – The Hindu BusinessLine
Target: ₹3,112 CMP: ₹2,053.90 In Q2-FY25, MPS reported a revenue growth of about 37 per cent on a y-o-y basis alongside a sharp recovery in the overall EBITDA margins by 739 bps on a q-o-q basis. Revenue growth was driven…
Markets may open flat to negative owing to US presidential elections
Domestic markets are likely to open with a downward bias on Tuesday amid mixed global cues ahead of the US poll outcome. Nandish Shah, Senior Derivative & Technical Research Analyst, HDFC Securities, said: Investors geared up for a busy week…
NSE net profit at ₹3,137 cr in Q2, up 57% y-o-y
NSE posted a consolidated net profit of ₹3,137 crore for the quarter ended September, up 57 per cent year-on-year. Total income grew 25 per cent to ₹5,023 crore. Apart from trading, revenue from operations was supported by other revenue lines…
Afcons Infrastructureshares are slated to be listed today.
Shares of Afcons Infrastructure will be listed on the bourses today. The company has fixed the IPO price at ₹463 at the upper end of the ₹440-463 price band. The initial public offering (IPO) of Afcons Infrastructure, the flagship infrastructure,…
US presidential election, Fed interest rate decision, FIIs trading key market movers this week: Analysts
The November 5 US presidential elections, Federal Reserve interest rate decision, trading activity of foreign investors, and the upcoming quarterly earnings from domestic firms are the major triggers that would influence sentiments in the Indian equity market this week, analysts…
SBI MF becomes first to surpass ₹10 lakh crore AUM, outpacing ICICI and HDFC
Thanks to the robust collection through new fund offers and steady market rally, the average asset under management of the country’s largest fund house, SBI Mutual Fund, jumped 11 per cent in the September quarter to ₹10.99 lakh crore, up…
Technical Analysis: Infibeam Avenues, HFCL, Oil India, NGL Fine-Chem
I have shares of Infibeam Avenues. My purchase price is ₹42. Should I continue to hold or exit with loss? Rahul Infibeam Avenues (₹29.25): The stock has come down sharply after making a high of ₹41 this year. On the…
Concern over rise in valuations as 34 Nifty companies report muted profit growth in Q2
The lingering concern on market valuations has aggravated with 34 Nifty companies reporting flat net profit, while their sales have grown 5 per cent, with EBITDA growth of just one per cent. As of October-end, 34 of the 50 Nifty…
Sensex settles 335 points higher at 79,724 in Muhurat trading
The benchmark Sensex rose by 335.06 points, or 0.42 per cent, to settle at 79,724.12 in a special Muhurat trading session on Friday, starting the new Samvat 2081 on a high note. Stock exchanges BSE and NSE conducted a special…
Yatharth Hospitals expands Delhi-NCR presence with two strategic acquisitions
The shares of Yatharth Hospital and Trauma Care Services Ltd were trading at ₹661.80 down by ₹9.20 or 1.37 per cent on the NSE today at 2.45 pm. Yatharth Hospital and Trauma Care Services Ltd announced on October 30…
Sensex, Nifty end lower as IT stocks lead market decline
Indian equity benchmarks closed lower on Thursday, dragged down by heavy selling in technology stocks, with the BSE Sensex falling 553.12 points and the NSE Nifty declining by 135.50 points amid weak global cues and monthly derivatives expiry. The…
SEBI to cut draft SID display on its website to 5 days
Capital market regulator SEBI has proposed to stop uploading scheme information documents (SIDs) on NFOs on its website in draft format and make it public only after its observations are passed. It also wants to keep the window for seeking…
Sagility India sets IPO price band at ₹28-30 ahead of November 5 launch
Sagility India Ltd, a provider of technology-enabled business solutions and services, has set a price band of ₹28 to ₹30 per equity share, with a face value of ₹10 each for its ₹2,107-crore initial public offering scheduled for November 5….
Stock Market Live Updates Today 30 October 2024: Stock to buy today: ICICI Securities (₹882.30): BUY
Eli Lilly (Pre market) (Sector- Healthcare) AbbVie (Pre market) (Sector- Healthcare) Caterpillar (Pre market) (Sector- Capital Goods) ADP (Pre market) (Sector- Technology) UBS Group (Pre market) (Sector- Financials) Trane Technologies (Pre market) (Sector- Technology) GSK plc DRC (Pre market) (Sector-…
What analysts predict for Samvat 2081
Samvat 2081, a New Hindu calendar year that begins on the auspicious festival day of Diwali, may lack the fireworks that is normally associated with the festival. Every year, brokerages come out with sector-specific stock picks or thematic recommendations during…
Share Market Live Updates October 29, 2024:
Home Markets Updated – October 29, 2024 at 06:59 AM. Sensex, Nifty, Share Prices LIVE: The short-term outlook is bullish for Rainbow Children’s Medicare. The stock has begun the week by surging over 5 per cent on Monday breaking above…
Sensex surges past 80,000 mark after five-day decline
The BSE Sensex rebounded sharply on Monday, climbing back above the psychological 80,000 level after five consecutive sessions of losses, as strong bank earnings and easing oil prices boosted investor sentiment. The 30-share index closed at 80,005.04, gaining 602.75 points…
Share Market Live Updates Today October 28, 2024: Sensex, Nifty 50 in the last leg of correction
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 October 28, 2024 ALL UPDATES October 28, 2024 07:01 WATCH: Nifty and Bank…
Swiggy cuts IPO valuation again to $11.3 billion; BlackRock and CPPIB to invest, sources say
Indian food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25 per cent below the initial goal of $15 billion as market volatility and the lacklustre debut of Hyundai India weigh on sentiment, two sources said…
Technical Analysis: Crompton Greaves Consumer Electricals, Inox Wind and Trent
Crompton Greaves Consumer Electricals (₹392.25) Confirms Head & Shoulder The stock of Crompton Greaves Consumer Electricals, after marking a high of ₹483.65 in early September, has been on a steady downtrend. An attempt for a recovery a couple of weeks ago…
FIIs sold ₹20,024 crore of equities this week, drags Nifty, Sensex by about 2.5%
Foreign institutional investors (FIIs) have pulled out a massive ₹20,024 crore from Indian equities this week alone, resulting in a 2.5 per cent dip in the key stock indices, Nifty and Sensex. Data from the National Stock Exchange (NSE) shows…
FPI selling in cash market tops ₹1 lakh crore
Indices fell for the fifth straight session on Friday to near two and half month lows amid relentless selling by foreign portfolio investors (FPIs), weak second quarter results and rising treasury yields in the US. FPI selloff in the cash…
Markets tumble as IndusInd Bank plunges 18%, dragging indices lower
Indian equity benchmarks are extending their losing streak for the fifth consecutive session on Thursday, with the BSE Sensex falling over 700 points by afternoon trading amid broad-based selling pressure and weak global cues. The 30-share BSE Sensex was trading…
AIFs grapple with land bordering rules even as SEBI eases norms
SEBI’s recent circular on investments from land bordering countries through alternative investment funds (AIFs) may add another layer of complexity in the manner in which Press Note 3 (PN3) norms are interpreted for such funds. PN3, issued in 2020 by…
Indian markets end flat amid mixed global cues; HUL shares drop nearly 6%
Indian equity benchmarks settled marginally lower on Thursday, with the Sensex closing at 80,065.16, down 16.82 points or 0.02 per cent, while the Nifty 50 declined 36.10 points or 0.15 per cent to end at 24,399.40, marking the third consecutive…
FPIs selling crosses $10 b in October
Foreign portfolio investors (FPIs) continued their record selling spree, offloading shares worth ₹5,684 crore on Wednesday. This takes the total selloff for the month of October to $10.61 billion, data from NSDL showed. The early rally in IT stocks was…
Sensex, Nifty end lower amid volatile trade; IT stocks rally while Pharma dips
Indian equity benchmarks closed marginally lower on Wednesday after a volatile trading session, with the BSE Sensex declining 138.74 points or 0.17 per cent to 80,081.98, while the NSE Nifty 50 fell 36.60 points or 0.15 per cent to close…
Broker’s call: Ultratech Cement (Add)
Target: ₹12,190 CMP: ₹10817.35 Ultratech Cement’s Q2-FY25 consolidated sales volume grew by about 4 per cent y-o-y to 32mt. As per Ultratech Cement, H1 was below par due to heat wave, general elections in India and higher monsoon rains during…
Stock Market Live Updates 22 October 2024: Stock to sell today: KPR Mill (₹922): SELL
GE Aerospace (Pre market) (Sector- Defense) Danaher Corporation (Pre market) (Sector- Healthcare) Philip Morris International Inc (Pre market) (Sector- FMCG) Verizon Communications Inc. (Pre market) (Sector- Technology) Texas Instruments Incorporated (Pre market) (Sector- Technology) RTX Corporation (Pre market) (Sector- Defense)…
Broker’s call: Tata Consumer (Accumulate)
Target: ₹1,150 CMP: ₹1,016.45 While near-term demand remains soft dragging sales growth, Tata Consumer Products’ average selling price (ASP) increase in the tea business and growth momentum revival in NourishCo would be critical for improving sales growth and margin. We…
Stock Market Live Updates: Stock to buy today: Mphasis (₹3,096): BUY
Sensex, Nifty, Share Prices LIVE: The short-term outlook is bullish for Mphasis. The stock has surged over 7 per cent last week and has closed on a strong note. The price action since the last week of July indicates a…
Indel Money announces 5th public issue of NCDs
Indel Money Ltd, a non-deposit taking NBFC in the gold loan sector has announced the fifth public issue of Secured NCDs of face value of ₹1,000 each. The issue opens on Monday, October 21 and closes on November 4 with…
FPI selloff surges past $9.25 billion in October, ‘Sell India, Buy China’ trade set to persist
FPIs aggressively sold Indian equities, withdrawing a record ₹77,701 crore ($9.25 billion) up to October 18, depositories data showed. They have been net sellers in all 13 trading sessions this month. This marks a sharp contrast to September 2024, when…
Technical Analysis: Kaveri Seed Company, Som Distilleries & Breweries and Schaeffler India
What is the outlook for Kaveri Seed Company? Can I buy this share for short-term at current levels? Sultan Mohideen, Chennai Kaveri Seed Company (₹910.95): The trend is down. The stock made a high of ₹1,200.70 in mid-September this year and…
KIMS Hospitals inks ₹700-crore medical tech deal with Wipro GE Healthcare
Krishna Institute of Medical Sciences (KIMS) has signed a Memorandum of Understanding with Wipro GE Healthcare for medical technology procurement worth up to ₹700 crore. The three-year agreement, announced on October 18, 2024, will cover both new equipment and servicing…
Broker’s call: Affle (India) (Buy)
Target: ₹2,522 CMP: ₹1,563.05 Established in 2006, Affle (India) Ltd (Affle) is a pioneer in programmatic digital advertising for mobile devices in India. The company’s unique approach involves using a Return On Investment (ROI) linked Cost Per Converted User (CPCU)…
Stock market live updates: Stock to buy today: Tech Mahindra (₹1,699.6)
Sensex, Nifty, Share Prices LIVE: The stock of Tech Mahindra, since mid-August, has been in a sideways crawl. It has largely been oscillating between ₹1,580 and ₹1,660. However, early this week, the stock broke out of ₹1,660, opening the door…
Broker’s call: Engineers India (Buy)
Target: ₹250 CMP: ₹187.85 We upgrade Engineers India (EIL) to ‘Buy’ from ‘Accumulate’ given the recent correction in the stock price, with an unchanged SoTP-derived TP of ₹250, valuing the Consultancy/Turnkey segments at a P/E of 25x/10x on FY26. EIL…
Stock Market Live Updates: Stock to buy today: Orient Cement (₹328.35): BUY
Sensex, Nifty, Share Prices LIVE: The upmove in the stock of Orient Cement is gaining momentum. The strong 9 per cent surge on Wednesday has taken the share price well above a key resistance level of ₹310. This breakout also…
Broker’s call: Bhagyanagar India (Buy)
Target: ₹130 CMP: ₹106.70 Bhagyanagar India Ltd (BIL) is among the oldest and largest companies producing copper products in India. BIL produces Copper products such as Copper Rod, Strips, Pipes, Busbars, Sheets among others and has been a partner to…
SpiceJet shares rise following airline’s settlement of disputes with vendors
Shares of SpiceJet rose 1.16 per cent on Tuesday, reaching a high of ₹68. The stockhad climbed 3.4% earlier in the day. It recorded a low of ₹65.85. SpiceJet said it had resolved a $23.39 million dispute with Aircastle (Ireland)…
SpiceJet shares rise following airline’s settlement of disputes with vendors
Shares of SpiceJet rose 1.16 per cent on Tuesday, reaching a high of ₹68. The stockhad climbed 3.4% earlier in the day. It recorded a low of ₹65.85. SpiceJet said it had resolved a $23.39 million dispute with Aircastle (Ireland)…
Hyundai Motor raises ₹8,315 cr from anchor investors
Hyundai Motor India on Monday raised ₹8,315.28 crore from anchor investors ahead of the issue opening on Tuesday. In a notice to the exchanges, the Korean automobile major said the IPO committee of the company, in consultation book running lead…
Broker’s Call: Bajaj Finance (Buy)
Target: ₹8,030 CMP: ₹7,209.95 Bajaj Finance (BAF) operates its business through 1,550-plus urban and over 2,600 rural lending branches, with over two lakh distribution points and caters to a customer base of 8.81 crore as of June 2024. In Q1FY25,…
Sensex, Nifty fall in early trade
Benchmark indices Sensex and Nifty fell in early trade on Friday amid volatility and mixed trends in global markets. The 30-share BSE Sensex opened on a negative note and slipped 62.90 points, or 0.08 per cent, to 81,548.51 in early…
Mcap of seven of top-10 most valued firms erode by ₹1.22 lakh cr; TCS, Reliance biggest laggards
The combined market valuation of seven of the top-10 most valued firms eroded by ₹1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in line with weak trend in equities. Last week, the…
Bandhan Bank shares surge 10% on RBI nod for Partha Sengupta as CEO
Shares of private lender Bandhan Bank rose over 10 per cent on Friday after the Reserve Bank of India approved the appointment of its new CEO, which analysts said would ensure management stability. The Reserve Bank of India on Thursday…
Motilal Oswal launches Digital India Fund focused on tech and digital ecosystem growth
Motilal Oswal Asset Management Company (MOAMC) on Friday announced the launch of its latest fund offer, the Motilal Oswal Digital India Fund. The fund is an open-ended equity scheme investing in Digital Space, focusing on Technology, Telecom, Media, Entertainment, and…
TCS shares dip 2% post-Q2 earnings announcement
Shares of Tata Consultancy Services (TCS) fell 2 per cent on Friday after its September quarter earnings failed to cheer investors. The scrip of the Mumbai-based company slipped 1.93 per cent to close at ₹4,146 apiece on the NSE. On…
Bigul unveils stock baskets feature for theme-based investing
Bigul, an innovative investment platform, has launched a new feature that allows investors to invest in a group of stocks based on specific themes. Bigul Stock Baskets allow customers to select from several themes or sector-specific baskets curated by research…
NSE to discontinue F&O weekly contracts on Bank Nifty, 2 others
After markets regulator SEBI’s directive to limit weekly expiries to one per exchange, the National Stock Exchange on Thursday announced that it will discontinue the weekly contracts on Bank Nifty, Nifty Midcap Select and Nifty Financial Services. The Bank Nifty…
Garuda Construction IPO: Closes today, generates strong response from HNIs and retail investors
The initial public offering of Garuda Construction and Engineering will close today for public subscription. The issue has generated a strong response from HNIs and retail investors. At the end of Day 2, the IPO was subscribed 4.10 times. The IPO…
Large offerings can end up as duds post listing
Hyundai Motor India’s initial public offering (IPO) will be the biggest till date, eclipsing the previous record set by State insurer LIC in 2022. Large offerings, however, have not fared all that well historically. Six of the top 10 offerings…
Market closes mixed as RBI holds rates; FMCG stocks drag Sensex lower
The Indian stock market ended on a mixed note on Wednesday, October 9, 2024, with the BSE Sensex closing lower while the Nifty 50 managed to hold above the 24,900 mark. The benchmark Sensex closed at 81,467.10, down 167.71 points…
Online trucking platform Zinka Logistics Solutions gets SEBI nod for IPO
Trucking platform Zinka Logistics Solutions has received final observation from SEBI to raise funds through an initial public offering (IPO). It looks to raise ₹550 crore through a fresh issue of shares, with an offer for sale (OFS) of 21.6…
Sensex and Nifty rebound, snapping six-day losing streak amid mixed global cues
Indian stock markets staged a strong recovery on Tuesday, breaking a six-day losing streak as investors engaged in bargain hunting and short covering. The BSE Sensex climbed 584.81 points or 0.72 per cent to close at 81,634.81, while the Nifty…
Indices fall for 6th straight session amid FPI selloff
Indian equities fell for a sixth straight session amid tensions in West Asia and sustained selling by foreign investors, even as other Asian indices ended firmly in the green. Benchmark indices surged higher in early trade but erased gains soon…
Kotak Mahindra AMC launches new Kotak MNC Fund for diverse equity investment
Kotak Mahindra Asset Management Company Ltd (KMAMC) has launched the Kotak MNC Fund, an open-ended equity scheme following the Multinational Companies (MNC) theme. The scheme has opened for public subscription on October 7, 2024, and closes on October 21, 2024….
On ‘buy China, exit India’ mode, FPIs net sell ₹27,142-cr stocks from October 1 to 4
A sharp rally in Chinese equities last week has prompted Foreign Portfolio Investors (FPIs) to adopt a ‘Buy China, Sell India’ strategy in October, leading to the offloading of ₹30,718 crore in Indian equities over just three trading sessions. Data…
Technical Call: Quess Corp – BUY
Long-term investors can buy the shares of Quess Corp (₹744.40) at current levels. The stock has been in a strong uptrend since March last year. The surge above ₹700 in August has broken a strong long-term trendline resistance. The recent…
India Has Moved On, But Nifty Hasn’t!
When faced with a choice between choosing a weapon-less Lord Krishna and the most powerful army (Dwaraka army) in the world, Arjuna chooses the former. Consequently, Duryodhana is thrilled by Arjuna’s choice, as this would mean that the most powerful…
Mahindra Logistics: Are The Loads Stacked in Favour?
Mahindra Logistics (ML) is an integrated end-to-end logistics solutions and people transport solutions company. It serves over 300 corporate customers spread across industries such as automotives, FMCG, pharmaceuticals and e-commerce. Operating an asset-light model where the vehicles and warehouses necessary…
China rally damps India flows, with investors repositioning tactically
China seems to have gained at the expense of India when it comes to foreign flows. China funds cornered historic high flows of $6.2 billion this week, bringing total flows over the past two weeks to $7.2 billion. Foreign flows…
Stock Market Today: Market tumbles as Sensex sheds 808 points amid rising geopolitical tensions
In a volatile trading session, Indian equity markets witnessed a sharp decline on Friday, with the benchmark indices closing significantly lower. The BSE Sensex plummeted 808.65 points or 0.98 per cent to end at 81,688.45, while the Nifty 50 fell…
Ratan Tata books 10 times profit on Upstox investment
Industrialist Ratan Tata has offloaded five per cent of his investment in Upstox, an online discount stock broking firm. Rata Tata had bought about 1.33 per cent stake in Upstox in 2016. The other investors in Upstox include Tiger Global…
Market tumbles over 2% as volatility spikes amid global tensions
The Indian stock markets witnessed a sharp decline on Thursday, October 3, 2024, as global uncertainties and heightened volatility led to a significant sell-off. The BSE Sensex plummeted 1,769.19 points or 2.10 per cent to close at 82,497.10, while the…
Broker’s call: Route Mobile (Buy)
Target: ₹2,100 CMP: ₹1,580.65 Route Mobile is set to witness a growth uptick after the completion of the strategic acquisition by Proximus Opal. The growth recovery (~20% in FY25E vs 13 per cent in FY24) is underpinned by a recovery…
Bombay Stock Exchange Brokers’ Forum names Anup Gupta as chairman
Bombay Stock Exchange Brokers’ Forum (BBF) on Wednesday said it has appointed Anup Gupta as the chairman, succeeding Kishor Kansagra. The appointment has been effected from September 30, the Forum said in a statement. Gupta, who is a director of…
Broker’s call: Biocon (Buy) – The Hindu BusinessLine
Target: ₹496 CMP: ₹370.40 Integrated pharmaceutical major with capabilities across the value chain, Biocon is a leading integrated global pharmaceutical company with a comprehensive presence across the entire value chain, encompassing research and development (R&D), manufacturing, and marketing. The company…
Stock markets settle flat in highly volatile trade; oil & gas, FMCG shares major drag
Benchmark indices Sensex and Nifty edged lower on Tuesday, extending the losing run to the third day amid profit-taking in oil & gas and select FMCG shares. The BSE Sensex dipped 33.49 points or 0.04 per cent to settle at…
SEBI fast-tracks rights issue timelines
The SEBI board has taken steps to enable faster rights Issue along with the flexibility of allotment to specific investors. Rights issues will need to be completed in 23 working days from the date of issuer’s board meeting approving the…
Tilaknagar Industries expands portfolio with premium whisky launch; Stocks surge
Tilaknagar Industries Limited (TI), an Indian-Made Foreign Liquor manufacturer, has unveiled Mansion House Gold Barrel Whisky today. The premium whisky, a blend of Select Scotch Malts and Indian Grain Spirits, has been initially launched in Assam, with plans to expand…
Property Share files for first SM REIT scheme to raise ₹353 crore
Property Share Investment Trust, registered as a small and medium real estate investment trust, has filed the draft scheme document for PropShare Platina, its first scheme to raise up to ₹353 crore. PropShare Platina comprises 2.47 lakh sq ft office space in…
Mcap: 8 of top-10 most valued firms surges ₹1.21 lakh cr; Reliance biggest winner
The combined market valuation of eight of the top-10 most valued firms surged ₹1,21,270.83 crore last week, with Reliance Industries becoming the biggest gainer, in line with an outstanding rally in benchmark equity indices. Last week, the BSE benchmark jumped…
Angel One settles front-running case with SEBI
Stock broker firm Angel One has settled allegations of frontrunning of orders of a big client by one of its authorised persons by paying ₹21,64,500. The market regulator’s settlement order added that the brokerage has also “submitted details of the corrective…
IPO filings set a scorching pace, hit a record
Twenty companies have filed their draft offer documents for initial public offerings (IPOs) in September, the most number of filings in a month this year and the third highest in a decade. The number of filings this year stood at…
Bourses defer T+0 settlement pilot for institutional clients
Stock exchanges on Friday deferred the voluntary implementation of the T+0 or same-day settlement cycle of securities for institutional clients, which was supposed to apply from September 30. Apart from lacklustre volumes from retail investors, foreign portfolio investors have resisted…
Kamdhenu Paints unveils first exclusive retail outlet, plans rapid expansion, stocks in lower circuit
Kamdhenu Paints, a subsidiary of Kamdhenu Ventures Limited, launched its first exclusive retail outlet, Kamdhenu eNEXA Shopee, in Gurugram today. The company aims to open 50 such stores across India within a year through a strategic dealer partnership scheme. The…
Kalana Ispat SME IPO gives a rude shock
Kalana Ispat, an NSE-SME company, gave a reality check to investors who wished to make quick buck through SME-IPO investments. In a shock to investors, the stock was listed at ₹45.15, against the IPO price of ₹66, a loss of…
Indian markets open higher on global cues, Nifty touches new record
Indian equity markets opened higher on Thursday, with the Nifty 50 index touching a new record high, buoyed by positive global cues and ongoing optimism about China’s stimulus measures. The benchmark Sensex and Nifty indices started the day on a…
US, Singapore lead FPI flows into India in CY24
The bulk of net inflows from foreign portfolio investors (FPIs) into India this year has come from the US and Singapore. The two countries have contributed nearly ₹2 lakh crore, in terms of net investment in CY24, with flows from…
Shriram Properties launches Chennai project with ₹600 cr revenue potential; stocks rally
Shriram Properties Limited (SPL) has unveiled its latest residential project, ‘Codename — Pudhiya Chennai’, in Chennai’s Thirumazhisai neighbourhood. The RERA-approved project offers 1.1 million square feet of saleable area and is expected to generate revenue of approximately ₹550-600 crore. The…
Defence stocks come under pressure on profit booking
After a stupendous rally, defence stocks have crashed on concern over their high valuation amid weak earnings growth last quarter. The Nifty India Defence index fell 19 per cent to 6,707 points from a high of 8,302 points in July….
Arkade Developers IPO Listing/ Arkade Developers Share Price Updates 24 Sep 2024: Arkade Developers stock closes 6% lower on Day 1 after listing at 37% premium
rkade Developers IPO Listing/ Arkade Developers Share Price Updates 24 Sep 2024: Shares of Arkade Developers were listed on stock exchanges today. Arkade Developers closed below ₹170 mark, lower by 6%, after listing at a premium of 37% against the…
Broker’s call: UGRO Capital (Outperform)
Target: ₹345 CMP: ₹263.05 Key factors underpinning UGRO Capital’s positive outlook include: a significant opportunity in MSME lending; superior productivity metrics, highlighting the scalability of its business model; advanced systems and data analytics that bolster asset quality management; a focus…
ITCONS secures ₹45 crore technical services contract, stocks surge
ITCONS E-Solutions Limited has announced a significant new contract worth ₹45 crore from Proteam Advisory Solutions LLP. The shares of ITCONS E-Solutions Limited were trading at ₹735 up by ₹31 or 4.40 per cent on the BSE today at 2.25…
Technical Analysis: Bikaji Foods International, Campus Activewear and Tamilnad Mercantile Bank
Bikaji Foods International (₹948.2) Bull flag breakout The stock of Bikaji Foods International has been in an uptrend since its listing in November 2022. There have been intermittent corrections and sideways consolidations since then. The latest being the horizontal movement it…
Technical Call: Bajaj Finserv – BUY
Long-term investors with a minimum time frame of one year can buy the shares of Bajaj Finserv (₹1,917) now. The stock has been in a strong uptrend since May 2020. After making a high of ₹1,932 in October 2021, the…
Technical Analysis: Container Corporation of India (Concor), ACC and Happiest Minds Technologies
I have shares of Concor. My purchase price is ₹1,025. What is the outlook for the next one year? Siyaram Khandelwal Container Corporation of India (₹893.45): The stock has been in a strong downtrend since June this year. It made a…
Broker’s call: ICRA (Buy) – The Hindu BusinessLine
Target: ₹7,500 CMP: ₹7,197.15 Rating industry’s revenue growth can sustain above 10-12 per cent over the coming years aided by ongoing infrastructure investments, pick-up in private sector capex cycle, sustained growth of NBFCs/HFCs, widened participation (including more issuers) in bond…
Broker’s call: Mankind Pharma (Buy)
Target: ₹3,300 CMP: ₹2,547.15 Mankind Pharma’s vision to be an innovation-driven and differentiation-focused with high entry barrier products has found a match in Bharat Serums and Vaccines (BSV). We believe BSV has the potential to drive growth for longer periods…
Lemon Tree Hotels expands footprint with properties in Srinagar, Mussoorie, and Vijayawada
Lemon Tree Hotels Ltd has signed a new property in Srinagar today. The 40-room Keys Select by Lemon Tree Hotels, Srinagar, is set to open in FY 2026, adding to the company’s growing portfolio in Jammu and Kashmir. The shares…
Broker’s call: Tata Motors (Buy)
Target: ₹1,175 CMP: ₹967.30 We upgrade Tata Motors (TTMT) to Buy from Add, keeping our SoTP-based TP unchanged at ₹1,175/share (incl. roll-over to Sep-26E). TTMT stock price has corrected 16 per cent from its peak, amid outlook downgrade at peer…
Shahlon Silk diversifies into effluent treatment business; stock trades flat
Shahlon Silk Industries Limited, an integrated textile company, announced plans to enter the common effluent treatment plant (CETP) business. The Surat-based company will install a CETP of 8 million litres per day (MLD) capacity, with zero liquid discharge and recycling…
Fed’s half-point rate cut can spur 1.6 per cent gains for Nifty
Fifty of the 78 announcements by the US Federal Reserve in the last 34 years has led to a positive change in Nifty the following trading day. The median Nifty return on the day after the Fed announcement is -0.2…
Mid-market update: Markets consolidate ahead of Fed meeting; IT stocks drag
Indian equity markets showed mixed trends in mid-day trading on Wednesday, as investors remained cautious ahead of the crucial Federal Reserve meeting. The benchmark Sensex traded at 83,025.99, down 53.67 points or 0.06%, while the Nifty50 stood at 25,382.85, lower…
Broker’s Call: Awfis Space Solutions (Buy)
Target: ₹839 CMP:₹726.4 In Q1FY25, Awfis Solutions (Awfis) began to deliver on its two main FY25 guidance parameters: 30 per cent+ revenue growth for FY25 and expansion in IGAAP EBITDA margin at 11.5-12 per cent. With an overall operational and…
DCX Systems subsidiary bags defence manufacturing licence
DCX Systems Limited announced that its wholly owned subsidiary Raneal Advanced Systems Private Limited has been granted a 15-year industrial licence by the Office of the Development Commissioner, Cochin Special Economic Zone to manufacture high-security defence products. The shares of…
Indian markets inch higher amid sector-specific movements
The Indian stock markets closed marginally higher on Monday, with both BSE Sensex and NSE Nifty 50 recording modest gains in a session characterized by mixed sectoral performance and range-bound trading. The Sensex concluded the day at 82,988.78, up 97.84…
Laurus Labs unveils ₹250 crore R&D facility in Telangana
Laurus Labs Ltd, an Indian pharmaceutical and biotech company, inaugurated a new “state-of-the-art” research and development facility at IKP Knowledge Park in Telangana on September 16, 2024. The 200,000 square foot centre, representing an investment of ₹250 crore, was opened…
Solarium Green Energy files papers with BSE SME for IPO
Solarium Green Energy, a turnkey solar solution provider and comprehensive O&M services company, has filed its Draft Red Herring Prospectus with BSE SME to issue 55 lakh equity shares through initial public offering. The objective of the issue is to…
Mcap: Nine of top-10 most valued firms jump ₹2 lakh crore; Bharti Airtel sparkles
Nine of the top-10 most valued firms together added ₹2,01,552.69 crore in market valuation last week, with Bharti Airtel stealing the show, amid bullish investors’ sentiment in equities. Reliance Industries was leading the chart of the top-10 most valued firms…
Broker’s call: Tega Industries (Buy)
Target: ₹2,010 CMP: ₹1,812.95 We attended Tega Industries Limited (Tega) Analyst Meet represented by MD CEO Mehul Mohanka and CFO Sharad Khaitan to understand the current business updates and future prospects ahead. During the meeting, management highlighted on the various…
Broker’s call: PG Electroplast (Buy)
Target: ₹770 CMP: ₹614.50 India’s current air conditioner (AC) penetration is around 8-10 per cent of 300 million households, but it’s expected to reach 50 per cent by 2037. Factors like low AC penetration, falling prices, and changing consumer lifestyles…
SEBI disposes of co-location case against NSE, 7 others
Securities and Exchange Board of India (SEBI) has disposed of proceedings against the National Stock Exchange (NSE) and its employees in the alleged co-location case. The case relates to the alleged preferential access given to certain broking firms in the…
Macpower CNC Machines to increase manufacturing capacity by 25%
Macpower CNC Machines Limited announced plans to increase its manufacturing capacity by 25% by the end of fiscal year 2025. The company will expand its annual production from 2,000 to 2,500 machines. The shares of Macpower CNC Machines Limited were…
Tightrope walk for SEBI as it readies to finalise F&O norms
The deluge of feedback received on its July consultation paper to strengthen the index derivatives framework may make it tricky for the market regulator to arrive at the final norms and prompt a rethink on at least some of the…
Stock Market Today: Markets rebound in early trade on rally in global peers, foreign fund inflows
Equity benchmark indices Sensex and Nifty rebounded in early trade on Thursday tracking a rally in global markets and foreign fund inflows. The 30-share BSE Sensex jumped 428.83 points to 81,951.99 in early trade. The NSE Nifty climbed 154.1 points…
Broker’s call: Persistent Systems (Buy)
Target: ₹ 6,030 CMP: ₹ 5,292.50 Investors have little doubt on Persistent Systems (PSYS) growth momentum. They are not wrong. Such has been the strength of PSYS’ recent deal wins (LTM ACV: +15% YoY) that it merely needs to maintain…
Silver Touch Technologies launches AI subsidiary for pharma sector
Silver Touch Technologies Limited has incorporated a new subsidiary, AI4Pharma Tech Limited, to develop artificial intelligence solutions for the pharmaceutical industry. The company announced the formation of the subsidiary today. The shares of Silver Touch Technologies Limited were trading at…
Finmin proposes changes in qualification norms for stockbrokers
The Finance Ministry intends to bring clarity in qualification norms for stockbrokers. Accordingly, it has come out with a consultation paper for changes in Securities Contracts (Regulation) Rules, or SCRR, 1957. “Given the growth in the scale and interconnectedness of…
ITI, SEPC bag development contracts in Bihar
Two development projects in Bihar, totalling over ₹480 crore, have been awarded. ITI Limited, the public sector telecom manufacturing company, has received an order worth about ₹300 crore from the Bihar Renewable Energy Development Authority (BREDA) for the supply and…
Broker’s call: VA Tech Wabag (Buy)
Target: ₹1,700 CMP: ₹1,368.90 We are initiating coverage on VA Tech Wabag Ltd. (VTW) with a Buy recommendation and a target price of ₹1,700/share. Regulatory bodies worldwide are allocating additional resources towards the conservation of water sources and implementing stricter…
Mid-day updates: Indian stock markets show modest gains despite mixed sentiment
Indian stock markets showed modest gains in midday trading on Monday, with the Nifty and Sensex both inching upward despite mixed market sentiment. As of 1 pm, the Nifty 50 index was trading at 24,871.00, up 18.85 points or 0.08…
Baazar Style Retail shares make flat market debut, ends day nearly 3% higher
Shares of Rekha Jhunjhunwala-backed Baazar Style Retail, a value fashion retailer, on Friday made a flat market debut, listing at par with the issue price of ₹389 and later ended the day nearly 3 per cent higher. The stock got…
Monthly SIP inflows could double to ₹40,000 crore by December 2025: Swarup Mohanty, Vice-Chairman & CEO, Mirae
Monthly inflows in Systematic Investment Plans (SIPs) of mutual funds could nearly double to about ₹40,000 crore by December 2025, Swarup Mohanty, Vice-Chairman & CEO, Mirae Asset Investment Managers (India), has said. This is against SIP inflows of ₹23,332 crore…
FPIs pump ₹10,980 crore into Indian stocks in early September
Indian stock markets opened September on a strong note, supported by robust investments from foreign investors during the first week of the month .According to data from the National Securities Depository Limited (NSDL), Foreign Portfolio Investors (FPIs) made net investments…
India topples China in MSCI Emerging Markets Investable Market Index
As India beats China in the MSCI Emerging Markets Investable Market Index (MSCI EM IMI), Indian equities may get up to $4.5 billion, official sources said on Friday. Earlier, Morgan Stanley said that India’s weight in the index now stands…
SME IPO frenzy continues with 50 companies filing papers
Notwithstanding the concerns all around, including the market regulator SEBI, 50 small and medium enterprises have filed papers with NSE Emerge and BSE SME last month to tap the market for raising capital. The SMEs rush to tap the market…
Kanoria Chemicals doubles hexamine production with new manufacturing plants in Gujarat
Kanoria Chemicals & Industries Limited (KCI) inaugurated two new manufacturing plants at its GIDC Ankleshwar site in Gujarat today. The company launched a Hexamine facility with a capacity of 18 Metric Tons per Day (MTPD), doubling its total Hexamine production…
Dilip Buildcon wins L-1 bid for Kerala infrastructure project
Dilip Buildcon Limited (DBL) has emerged as the lowest bidder (L-1) for a major infrastructure project in Kerala. The company announced on September 5, 2024, that it had been declared L-1 for constructing a twin-tube unidirectional tunnel in the Kozhikode…
Radico Khaitan unveils new limited edition cask strength whiskies in Rampur Jugalbandi series
Indian spirits manufacturer Radico Khaitan Limited unveiled two new expressions in its Rampur Jugalbandi series of Indian Single Malt whiskies today. Rampur Jugalbandi #5 and #6 will debut at The Whisky Show in London from September 6-8, 2024. The shares…
Broker’s call: Aadhar Housing Finance (Buy)
Kotak Securities Target: ₹550 CMP: ₹416.60 We initiate coverage on Aadhar Housig Finance with a Buy rating and RGM-based FV of ₹550/share. Aadhar stands out versus most affordable peers due to a larger balance sheet, longer vintage and superior RoEs….
Sensex, Nifty plunge amid global market weakness; IT stocks lead decline
Indian equity markets faced a sharp downturn on Wednesday, mirroring weakness in global markets and concerns over a potential U.S. economic slowdown. The BSE Sensex plunged 406.86 points or 0.49 per cent to trade at 82,148.58, while the Nifty 50…
Block deals seen in AU Bank, Medi Assist, Signature Global
The day was marked by a number of block deals and a few that caught the eye was that of AU Small Finance Bank, Medi Assist Healthcare Services and Signature Global. Westbridge AIF I sold 1.5 per cent stake in…
Market slips into red after positive start; investors remain cautious
The Indian stock market, which opened on a positive note, has reversed direction by early afternoon, with both the Sensex and Nifty trading in the red. As of 1 pm, the Sensex is down 46.51 points, or 0.06 per cent,…
Broker’s call: TCS (Buy) – The Hindu BusinessLine
Target: ₹5,230 CMP: ₹4520.85 Tata Consultancy Services (TCS) has been consistently delivering resilient performance for past several quarters despite the challenging environment. TCS has reported a solid performance in Q1, with sequential growth returning in some of the lagging verticals,…
GTPL Hathway launches GTPL Buzz App with new services
GTPL Hathway Limited announced the launch of its new customer application, “GTPL Buzz,” today. The app, available on Android and iOS, introduces several new services, including “TV Everywhere,” “Cloud Gaming,” and “Distro TV.” These offerings allow customers to manage their…
PSU stocks’ dream-run lose steam on earnings slowdown, valuation concern
After a strong performance in recent months, PSU stocks are now tumbling across the board due to concerns about overvaluation, slowing earnings growth, and mandatory dividend payouts. In the last one year, PSU stocks have witnessed a sharp rally riding…
Bajaj Housing Finance to launch ₹6,560-cr IPO on September 9
Bajaj Housing Finance is set to float its much-awaited ₹6,560-crore initial share-sale for public subscription on September 9. The initial public offering (IPO) will conclude on September 11 and the bidding for anchor investors will open for a day on…
What Should You Do With the Amara Raja Energy & Mobility Stock Now?
When we last wrote on Amara Raja in early June 2023, the company was still Amara Raja Batteries, and we recommended a ‘buy’ on the stock due to its very reasonable valuation of 15 times its trailing 12-month earnings as…
IPO bull run may continue as pace of filings gains steam
Eighteen companies have filed their draft offer documents for initial public offerings (IPOs) in August, the most number of filings in a month this year and the third highest in a decade. Top filings this month include JSW Cement, International…
Sebi tweaks norms for entry, exit of F&O stocks
SEBI has revised the eligibility criteria for entry and exit of stocks in the derivatives segment. A stock’s median quarter sigma order size and its market wide position limit over the previous six months, on a rolling basis, should not…
Zydus completes acquisition of 50% stake in Sterling Biotech
Zydus Lifesciences Ltd announced today that its wholly-owned subsidiary, Zydus Animal Health and Investments Ltd, has completed the acquisition of a 50 per cent equity stake in Sterling Biotech Ltd (SBL) from Perfect Day Inc. The shares of Zydus Lifesciences…
Premier Energies IPO sees overwhelming response, subscribed 74.09 times
The initial public offer of solar cell and module manufacturer Premier Energies got subscribed 74.09 times on the last day of subscription on Thursday. The ₹2,830 crore initial share sale received bids for 3,30,76,25,013 shares against 4,46,40,825 shares on offer,…
HCLTech shares rise on positive analyst outlook
HCLTech shares have climbed 1.55 per cent to ₹1,746.10 on the NSE following positive analyst reports. Morgan Stanley maintained an Overweight rating with a target price of ₹1,705, citing the management’s positive near-term outlook, particularly in the financial services vertical….
SEBI proposes overhaul of merchant bankers’ norms
The Securities and Exchange Board of India (SEBI) on Wednesday proposed an overhaul of merchant bankers’ regulations amid a boom in the equity capital market. In a consultation paper floated on Wednesday, the regulator suggested a sharp hike in the…
Infibeam’s AI arm secures $1M annual contracts with hospitals and gas stations
Phronetic.AI, the artificial intelligence division of Infibeam Avenues Limited, has secured contracts worth $1 million annually with five hospitals in India and the UAE, and a UAE-based gas station chain. The five-year agreements, announced today, involve implementing the company’s ‘AI…
NSE seeks SEBI approval for IPO
The National Stock Exchange (NSE) on Tuesday sought fresh approval for its initial public offering (IPO) by filing an application for a no-objection certificate with the Securities and Exchange Board of India (SEBI). NSE has been looking to get listed,…
Medi Assist shares surge 8.88% post acquisition bid
Medi Assist Healthcare Services Limited saw its shares rise by 8.88 per cent, reaching ₹610.90, after it was announced that its subsidiary Medi Assist Insurance TPA Private Limited is acquiring a 100 per cent stake in Paramount Health Services &…
Baazar Style Retail IPO aims to raise ₹835 cr
Rekha Jhunjhunwala-backed Baazar Style Retail, a value fashion retailer, on Monday said it has fixed a price band of ₹370-389 per share for its Initial Public Offering (IPO), which will open for public subscription on August 30. The IPO aims…
Raminfo Limited launches Kisan Drones for agricultural innovation
Raminfo Limited, a technology solutions company, announced the launch of Kisan Drones Private Limited today. The initiative aims to revolutionize agriculture by offering drone services for field mapping and fertilizer spraying. The shares of Raminfo Limited on the BSE were…
India stock indices nearing fresh record highs, eye global macroeconomic data for cues
This week, Indian stock indices accumulated 0.7-1.0 per cent gains on a cumulative basis. The indices rose for a seventh straight session on Friday, reportedly their longest rally in 2024. However, on the last trading session of the week, Friday,…
Broker’s call: Pitti Engineering (Accumulate)
Target: ₹1,501 CMP: ₹1,426.20 Pitti Engineering Ltd (PEL) reported numbers, Q1FY25 revenue stood at ₹383 crore (+32.1 per cent y-o-y/+16.7 per cent q-o-q); above our estimates of ₹371 crore. Gross Profit stood at ₹135 crore (+53.9 per cent y-o-y/18.5 per…
Jeyyam Global Foods sets price band at ₹59-61 per share for ₹82 crore SME IPO
Jeyyam Global Foods Ltd, a Chennai-based food products company, has set a price band of ₹59-61 per share for its upcoming SME Initial Public Offering (IPO). The IPO will open for subscription on September 1, 2024, and close on September…
Heartening to see desi hands controlling market
A tectonic shift has been happening in Indian stock markets quietly but decisively in recent months. If the trend in ownership pattern of Indian stocks sustains, which is most likely, the influence of foreign portfolio investors on our stock markets’…
Orient Tech IPO subscribed 151 times
The initial public offering of Orient Technologies witnessed a tremendous response from all category of investors, as the issue was subscribed 151.71 times. The Mumbai-based IT solutions provider Orient Technologies’ initial public offering comprised a fresh issue of ₹120 crore…
Mamaearth unveils Kerala-inspired hair care line, signals regional innovation shift
Mamaearth announced the launch of its Kerala Thaali Hair Care Range. The new product line draws inspiration from Kerala’s cultural heritage and natural ingredients, featuring components like hibiscus, shikakai, and amla. This launch marks Mamaearth’s shift towards regional product innovation,…
At $51 billion, sell-downs rise over 88 per cent YTD in 2024
Block and bulk deals have gained momentum and sell-downs through such transactions in 2024 have risen over 88 per cent year to date to $51.4 billion, driven by soaring stock market valuations. In the same period a year ago, sell-offs…
Market News: Sensex, Nifty rise amid rate cut hopes; crude oil prices trade under pressure
The Indian stock markets opened on a positive note on August 22, 2024, following the global cues driven by expectations of a US Federal Reserve rate cut. The Nifty 50 index opened higher, gaining 93.20 points to start the day…
Interarch Building IPO subscribed 93 times
The IPO of Interarch Building Products closed on a high note with overall subscription figures of 93.46 times, as institutional investors pumped in money on the last day of the issue closing on Wednesday. The ₹600-crore initial public offering that…
Bernstein’s picks: SBI Life, Max Financial, HDFC Life outperform; ICICI Prudential underperform
Bernstein has issued recommendations on India’s life insurance sector, signalling notable opportunities and caution. The brokerage has given an outperform call on SBI Life Insurance,Max Financial Services, and HDFC Life, emphasising their stable growth prospects, strong compounding potential, and modest…
Broker’s call: Voltas (Outperformer) – The Hindu BusinessLine
Target: ₹1,660 CMP: ₹1,659.75 Voltas has reported strong top-line growth (46 per cent y-o-y, 15 per cent above BNPPEe), led by continued growth momentum in Unitary Cooling Products (51 per cent) and EMP (40 per cent) segments. Electro-Mechanical Projects’ EBIT…
Nifty, Sensex open higher as global optimism spurs domestic gains
Indian stock markets opened higher on Tuesday, buoyed by positive global cues and a weaker U.S. dollar. The Nifty 50 index opened at 24,648.90, up from the previous close of 24,572.65, while the Sensex started the day at 80,722.54, compared…
IndusInd Bank gets RBI nod to launch AMC arm
The Reserve Bank of India (RBI) on Monday approved IndusInd Bank to set up a wholly-owned subsidiary for asset management business of mutual funds, the lender said in an exchange notice on Monday. “This is to inform that the Reserve…
Stock market today: Sensex, Nifty climb in early trade amid blue-chip stock gains
Benchmark equity indices Sensex and Nifty climbed in early trade on Monday amid buying in blue-chip stocks Reliance Industries and ITC along with encouraging participation from retail investors. The 30-share BSE Sensex climbed 287.56 points to 80,724.40 in early trade….
Mcap: Seven of 10 valued firms add ₹1.40 lakh crore; TCS, Infosys lead gainers
The combined market valuation of seven of the top 10 valued firms jumped ₹1,40,863.66 crore in a holiday-shortened last week with the benchmark Sensex gaining nearly 1 per cent. Tata Consultancy Services and Infosys emerged as the biggest gainers in…
Broker’s call: Hero MotoCorp Buy
Target: ₹6,015 CMP: ₹5,125.80 With the launch of differentiated products in FY24, Hero MotoCorp has been successful in building a strong motorcycle product portfolio. In FY25, the company plans to launch both ICE and EV models in the scooter space,…
JSW Cement files draft papers with SEBI to raise ₹4,000 cr via IPO
JSW Cement, part of Sajjan Jindal promoted diversified JSW Group, on Friday filed a draft red herring prospectus (DRHP) with the capital markets regulator SEBI to raise ₹4,000 crore through an initial public offer (IPO). The initial share sale comprises…
Broker’s call: HAL (Add) – The Hindu BusinessLine
Target: ₹5,170 CMP: ₹4,769.20 Hindustan Aeronautics’ (HAL) performance missed street’s estimates mainly on the back of weak execution. Key points: EBITDA rose 13 per cent YoY to ₹990 crore (highest-ever for Q1); EBITDA margin was at a healthy level of…
Dream run continues for Ola as stock zooms another 20%
Shares of Ola Electric Mobility Ltd surged 20 per cent on Friday to hit the upper circuit limit on the BSE at ₹132.76 after the Bhavish Aggarwal-led EV maker announced its foray into the electric motorcycle segment with the launch…
Stock market today: Sensex surges past 79,900 mark as markets open strong
Sensex and Nifty opened on a bullish note this morning, with the BSE Sensex climbing 848.15 points, or 1.07 per cent, to 79,954.03 as of 9:34 am. The broader Nifty 50 index also showed significant gains, trading at 24,393.70, up…
Realty firm Kalpataru files draft papers to raise up to ₹1,590 cr via IPO
Real estate firm Kalpataru Ltd has filed draft prospectus with market regulator SEBI to launch its initial public offering (IPO) for raising up to ₹1,590 crore, mainly to reduce debt. The Mumbai-based company has filed the draft red herring prospectus…
Stock Market Today: Sensex, Nifty inch up; some sectors shine amid mixed market mood
Sensex and Nifty closed marginally higher on Wednesday, with both benchmark indices showing slight gains. The BSE Sensex rose 149.85 points, or 0.19 per cent, to close at 79,105.88, while the Nifty edged up 4.75 points, or 0.02 per cent,…
Saraswati Saree Depot IPO subscribed 107.5 times, as HNIs pour in money
The initial public offering of Saraswati Saree Depot saw a robust response from all category investors as the issue closed with overall subscription of 107.52 times. All categories of investors, especially non-institutions, poured in money into the Kolhapur-headquartered IPO. The…
SJVN Share Price Today Live Updates 14 Aug 2024: SJVN shares climb 7% post Q1 earnings
SJVN Share Price Today / SJVN Stock Live Updates for August 14, 2024: SJVN shares on Wednesday climbed 7% on Q1 earnings boost. State-owned hydropower company on Tuesday posted a 31% rise in consolidated net profit at ₹357.09 crore during…
Bumper gains as Unicommerce jumps 100% on listing day
Shares of Unicommerce Esolutions made a stellar debut at the bourses on Tuesday by gaining over 100 per cent after a blockbuster IPO. Against the IPO price of ₹108, the stock listed with 113 per cent gains at ₹230 on…
Inox Wind Share Price / Stock Today Live Updates 13 Aug: Inox Wind shares continue bull run post Q1 earnings; hits 52-week high
Inox Wind Share Price / Stock Today Live Updates for August 13, 2024: Shares of Inox Wind Limited (IWL) have been rocketing post Q1 results. Inox Wind on Friday posted a ₹50 crore profit after tax during the June quarter…
Sun TV slumps 10% as Q1 profit dips
Shares of Sun TV Network crashed 10.50 per cent to ₹818.45 on the BSE after the Chennai-based company posted underwhelming Q1 FY25 results, forcing brokerages to downgrade the stock. The media giant on Friday posted a 6.21 per cent decline…
Adani Group Stocks, Adani Enterprises, Adani Green Energy, Adani Wilmar and Adani Ports Share Price Today Live Updates 12 Aug: Adani Group stocks decline on latest Hindenburg report
dani Group Stocks, Adani Enterprises, Adani Green Energy, Adani Wilmar and Adani Ports Share Price Today Live Updates for August 12, 2024: Adani Enterprises and Adani Ports & SEZ opened among the top losers in the Nifty 50 pack on…
Stock exchanges expand surveillance measure to companies below ₹1,000 crore m-cap
Amid rising concern over small market valuation and volatility, stock exchanges will enhance the enhanced surveillance measure (ESM) framework to companies with market capitalisation of ₹1,000 crore from ₹500 crore from Tuesday. Last June, stock exchanges introduced ESM to rein-in…
“Our life and finances are an open book”; SEBI chief Madhabi Buch rejects Hindenburg allegations
SEBI chairperson Madhabi Puri Buch and her husband Dhaval Buch termed the allegations made by Hindenburg Research as baseless and denied the “insinuations made in the report. “ Read: Adani-Hindenburg row: Supreme Court directs SEBI to probe if Hindenburg report…
Stocks make comeback at end of dizzying week: Markets wrap
A rebound in stocks in the final stretch of a wild week drove the market to its biggest back-to-back advance in 2024. That semblance of calm stands in stark contrast to the recent gyrations that rattled the global financial world….
After muted listing, Ola Electric revs up to hit the 20% roof
Shares of Ola Electric Mobility saw a strong opening day at the bourses despite getting a flat listing on Friday. The stock listed at the issue price itself at ₹76 but gathered steam to close at day’s high of ₹91.20…
To generate alpha, AMCs go extra mile with new ideas
Nowadays, it has become an increasingly difficult task for fund managers to outperform benchmarks, given the relentless rally. In the current market conditions, asset management companies are working tirelessly to identify the right stocks and sectors to generate alpha, often…
ONGC Share Price Today Live Updates: ONGC shares gain 3%; continues bull run
ONGC Share Price Today Live Updates for August 9, 2024: Shares of Oil & Natural Gas Corporation trade among top gainers in the Nifty 50 pack on Friday.
Unicommerce IPO received bids for 168 times
The initial public offering of FirstCry’s parent, Brainbees Solutions Ltd, sailed through on the last day of issue closing on Thursday by receiving bids for 12.22 times. Till yesterday, the issue remained undersubscribed. On the other hand, the issue of…
FirstCry IPO closes today, lukewarm response so far
The initial public offering of FirstCry’s parent, Brainbees Solutions Ltd, will close today for public subscription. The issue has so far witnessed only a lukewarm response from investors. At the end of Day 2, the issue was subscribed to just…
Broker’s call: TVS Motor (Buy)
Target: ₹2,680 CMP: ₹2,574.80 In Q1FY25, TVS Motors registered in line performance on Revenue/EBIDTA/PAT front (VAR is +/-1 per cent). Revenue under the quarter review improved by 16 per cent y-o-y basis to ₹8,375 crore (vs est. ₹8,440 crore) supported…
No interest rate hike amid market volatility, says BoJ Deputy Governor
Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said on Wednesday the central bank won’t raise interest rates when financial markets are unstable. The recent strengthening of the yen would affect the BOJ’s policy decision because it reduces upward pressure…
Ola Electric IPO subscribed just 4.3 times
The public issue of Ola Electric Mobility, the first pure EV company to hit the capital market, saw a moderate response from investors. The IPO was subscribed 4.27 times with qualified institutional investors and retail investors showing more interest, as…
Unicommerce IPO opens today – The Hindu BusinessLine
The issue of Softbank-backed SaaS platform Unicommerce, with a price band of ₹102 to ₹108 a share, will open for public subscription between August 6 and August 8. The issue is entirely an offer for sale (OFS) aggregating up to…
FPI share in NSE cos declines to 12-year low, MF share at fresh high
The share of domestic Mutual Funds (MFs) in companies listed on the NSE rose to another all-time high of 9.17 per cent as on June 30, from 8.93 per cent a quarter ago, on the back of robust inflows totalling…
Nifty set to tumble over 300 points as Asian stocks sink into sea of red
Domestic markets are expected to open on a negative note amid weak global cues. Asian stocks are in a sea of red, led by the Japanese Nikkei, which crashed over 6 per cent after falling over 10 per cent in the…
Mutual Funds raise holdings in BSE in Q1 amid sell-off by FPIs
Mutual funds have raised their holdings in BSE to 8.78 per cent in the quarter ended June from 8.52 per cent in the previous quarter. This is the fourth consecutive quarter where MFs have raised their holdings in the bourse….
Technical Call: Tanla Platforms – BUY
Long-term investors with a minimum time frame of two years can buy Tanla Platforms (₹980.10) at current levels. The downtrend in place since January 2022 ended in March last year. The strong bounce thereafter lost steam in August last year,…
F&O Strategy: Buy ITC Put Option
The short-term outlook for the stock of ITC (₹489.10) is flat to negative although the long-term outlook still remains positive. Only a close below ₹383 will alter the positive view on the stock. Yet, in the near term, the price could…
Paytm bucks bearish trend, gains 6% on biz revival hopes
Shares of One 97 Communication (Paytm) gained 6 per cent to ₹527 in BSE on Friday when the bellwether tanked 886 points on the back of global uncertainties. The stock rallied 37 per cent last month to ₹494 against ₹361…
Stock Market Today: Weak global cues drag markets lower
Indian equities fell over 1 per cent on Friday on weak global cues, snapping a five-day winning streak and ending in the red after eight weeks of gains. Global markets witnessed selling pressure after US Manufacturing PMI data showed contraction…
Nifty may open 200 points lower as Asian stocks wilt
After scaling historic highs on Thursday, it appears domestic benchmarks are heading for a sharp fall on Friday, amid a global rout. Asian stock markets crashed across the board on Friday, amid escalating tension between Israel and Iran and a…
Akums Drugs IPO subscribed 63.5 times
The initial public offering of Akums Drugs and Pharmaceuticals saw a robust response from all category investors, especially from institutions. The IPO that opened on Tuesday and closed on Thursday was subscribed 63.56 times, overall. The ₹1,856.74-crore IPO in a…
Nifty may breach 25,000, signals Gift trading
Domestic markets are expected to sustain the momentum on August 1 as well. Despite mixed global cues, analysts expect a positive beginning. The US stocks on Wednesday closed on a high note despite the US Fed keeping the rate unchanged….
Ashok Leyland stock climbs to new peak
Shares of Ashok Leyland have been on a high acceleration, of late, driving them to new altitude. As analysts remained bullish on Ashok Leyland, post its Q1 financial performance, the stock hit an all-time high of ₹258.95. In fact, from…