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News With a Purpose Perspectives With Power
adminStock markets rebounded from early lows to close higher on Friday, snapping the four-day losing streak on heavy value buying in banking and auto shares. Also read:Sensex, Nifty open lower;…
adminICICI Securities, soon-to-be-delisted, has reported a 104-per cent year-on-year rise in consolidated net profit for the quarter ended March 2024. Its net zoomed to ₹535.35 crore for March 2024 crore…
adminTarget: ₹471.60 CMP: ₹429.90 Total income in the first three quarters of FY24 increased by 8 per cent y-o-y, with power transmission and distribution business contributing the main revenue. The…
adminInfosys Ltd has announced a collaboration with Proximus, Belgium’s digital services and communications solutions provider, on the ServiceNow platform. The IT major has supported Proximus to standardise its existing processes…
adminInfosys Ltd has announced a collaboration with Proximus, Belgium’s digital services and communications solutions provider, on the ServiceNow platform. The IT major has supported Proximus to standardise its existing processes…
adminTarget: ₹375 CMP: ₹309.20 ASK Automotive (ASK) is the leading manufacturer of 2W brake shoe and drum braking systems with a combined about 50 per cent market share. Despite being a…
adminBrokerages turned mixed on Tata Consultancy Services (TCS) after the company reported a 9 per cent growth in net profit at ₹12,434 crore in the January-March quarter of FY24, driven…
adminIndian equities extended losses for a second straight day as Israel weighed its response to a direct attack by Iran. Shares fell across Asia. Gold held firm even as oil…
adminGlobal investment advisory firm Jefferies hasinitiated coverage on two wealth managers — Nuvama Wealth and 360 One WAM . The brokerage firm’s report stated that they are well-placed to ride…
adminThe majority of portfolio management services (PMS) schemes outperformed the benchmark Nifty 50 and BSE 500 in financial year 2024 amid a rally in mid and small-cap stocks. As much…
adminLIC, the State-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani Group companies in 2023-24 fiscal year after the conglomerate made a…
adminThe board of Aster DM Healthcare on Friday approved a special dividend of ₹118 a share payable to those shareholders whose names stand on the Register of Members of the…
adminUnder Prime Minister Narendra Modi, India’s stocks have commanded an unprecedented premium to emerging-market peers. As he seeks a third successive term, investors are betting that the performance can continue.…
adminIndian equities slid over 1 per cent on Friday amid selling by overseas investors and negative global cues. The possibility of fewer rate cuts by the US Federal Reserve this…
adminEven as the primary market is buzzing with activity, mutual fund is not far behind, thanks to a vibrant secondary market. With most benchmarks from BSE Sensex and NSE Nifty50…
adminIndian equities are likely to come under pressure on Friday amid negative global cues. Gift Nifty slipped around 1 per cent on Thursday. Nifty futures at Gift City (8 pm…
adminMaharashtra Seamless Ltd has received work order from ONGC for supply of casing seamless pipes. The contract is valued at ₹674 crore and is to be executed in 44 weeks,…
adminEven as Vodafone Idea (Vi) is looking to do a follow-on public offer to raise ₹20,000 crore, analysts at CLSA warned that shares of the cash-strapped telecom operator could drop…
adminBenchmark Sensex climbed 354 points to close above the record 75,000 mark for the first time while broader Nifty scaled a fresh lifetime high on Wednesday on gains in FMCG,…
adminThe benchmark Sensex hit a fresh high and nudged past the psychological mark of 75,000 on Tuesday before slipping in late trade due to profit booking. Also read:Markets settle lower…
adminTarget: ₹2,450 CMP: ₹2,165 Shriram Pistons & Rings (SPRL’s) maiden investor call reinforces our positive stance on the company. KTAs: Strong growth visibility guidance for the core IC business, with…
adminComments Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated…
adminBenchmark equity indices Sensex and Nifty reached their fresh record highs on Monday, amid optimism in global markets and foreign fund inflows. Also read:Market optimism prevails: Sensex, Nifty up Buying…
adminCompanies that made their debut on the bourses in the last financial year raised over ₹1,300 crore by way of pre-IPO placements. Also read:Unrealistic valuations could hit IPO prospects of…
adminFour of the top 10 valued firms added ₹1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest…
adminLast week, APSEZ announced the acquisition of Gopalpur Port in Odisha, which will make it the seventh Indian port to be acquired by the company since 2014. It currently has…
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adminNippon India Mutual Fund, ICICI MF, and HDFC MF are the top 10 fund houses to have registered double-digit growth in average assets under management last fiscal year. Investors preferred…
adminTAC Infosec, risk and vulnerability management company, on Friday made a strong debut on the NSE Emerge platform. The stock was listed at ₹290, a premium of 174 per cent…
adminSom Datt Finance Corporation Ltd. has appointed Shashank Shankpal as its chief financial officer, with effect from April 5, 2024. Also read:IDFC FIRST Bank’s ED Madhivanan resigns Before joining Som…
adminTarget: ₹1,948 CMP: ₹1,664.85 Muthoot Finance is in a sweet spot, given robust growth prospects backed by sound fundamentals and sectoral tailwinds. Fundamentals are underscored by proven moats of leadership…
adminIndian shares bounced back from a bout of profit-booking and settled at record closing highs on Thursday, lifted by high-weightage financials and information technology stocks, ahead of the central bank’s…
adminBenchmark indices Sensex and Nifty, which opened on negative note tracking global markets, especially the US, ended flat on Wednesday. The 30-share BSE Sensex declined by 27.09 points to close…
adminIndian stock market indices traded almost flat after opening in red on the Wednesday session. The Nifty 50 closes at 22,434 by losing 18 points while Sensex closed at 73,876…
adminThe adoption of a shorter settlement cycle has benefited the securities ecosystem, said the chief of Securities and Exchange Board of India (SEBI). Speaking at an annual summit on corporate…
adminVeefin Solutions Ltd’s shares were up by 1.30 per cent after the company announced that it partnered with Central Bank of India to launch its supply chain financing operations. Veefin…
adminIndian equities started the new financial year on a strong note, hitting fresh highs, amid positive global cues. The Sensex ended with a gain of 363 points, or 0.49 per…
adminStock markets started the new fiscal on a firm note on Monday with benchmark Sensex and Nifty scaling fresh record high levels in intra-day trade before settling in the green,…
adminThe stock of HDFC Bank (₹1,447.90) has been consolidating in recent weeks since a sharp fall in November. The stock finds immediate support at ₹1,400 and ₹1,304. A fall below…
adminNifty 50 (22,327) and Bank Nifty (47,125) extended the gain for the second week as they appreciated 1 per cent and 0.6 per cent respectively in the last week. Below…
adminMumbai Income tax authorities have issued notices to several startups in connection with the share premium money they received a couple of years ago, said two people in the know.…
adminWith both equity and gold prices hovering around record highs, market experts believe investors should review their portfolio and book some profit from equity for allocation to gold, as it…
adminThe funds mobilised by India Inc through the IPO route in this financial year was up 19 per cent to ₹61,000 crore compared to ₹52,116 crore raised in FY23. Also…
adminForce Motors Ltd board has decided to exit the tractor business, consisting of manufacturing and dealing in agricultural tractors, from the product portfolio of the company with effect from March…
adminThe benchmark indices logged gains on the last trading session of the financial year aided by positive global cues. The Sensex rallied nearly 1,200 points, intra-day before closing at 73,651,…
adminIndia got overseas flows to the tune of ₹3.33-lakh crore, or $40.4 billion, in equities, debt and hybrid instruments put together this financial year, a record for any year. This…
adminStudent recruitment solution provider Crizac has filed preliminary papers with markets regulator SEBI to raise up to ₹1,000 crore through an initial public offering (IPO). The IPO, with a face…
adminShakti Pumps (India) Ltd has concluded a Qualified Institutional Placement (QIP) of ₹200 crore. The QIP was fully subscribed by mutual funds such as LIC Mutual Fund and SBI Mutual…
adminBSE Limited is “fully geared” to launch the beta version of T+0 settlement for 25 securities starting March 28, its MD & CEO Sundararaman Ramamurthy said on Tuesday. On strategic…
adminAffordable Robotic and Automation Ltd’s shares were up by 1.50 per cent after the company reported that its subsidiary Arapl RaaS secured a funding injection of ₹38 crore from its…
adminSmall- and mid-cap schemes are likely to see lower inflows in March after the recent correction in the space and the regulatory diktat to conduct stress tests on such schemes,…
adminThe board of Wonderla Holidays Ltd has given in-principle approval to explore the possibility of setting up an adventure park as an expansion of Bengaluru Resort. In a stock exchange…
adminThe shareholders of Religare Enterprises have voted against both the company’s proposal to invest in its subsidiary MIC Insurance Web Aggregator and the proposal changes to the Article of Association.…
adminStock markets would be driven by global trends and foreign investors’ trading activity in the holiday-shortened week, analysts said adding that key equity indices may face volatile trends amid the…
adminA recent trend in the primary market offers a valuable lesson for traders, especially those who wish to bet on high subscription figures. With certain company IPOs being fully subscribed…
adminTarget: ₹140 CMP: ₹122.70 Punjab National Bank`s return ratios have been still depressed versus its peers due to higher provisions and high operational costs but is likely to improve hereon.…
adminTarget: ₹1,562 CMP: ₹1,280.95 Adani Ports and SEZ (ADSEZ) has consistently gained market share, driven by organic growth from its Gujarat-based ports and through strategic acquisitions at reasonable valuations. The…
adminKarur Vysya Bank will be inagurating two of its branches next week. According to the stock exchange filing, the bank will open its office in Poyyamani on March 25, 2024,…
adminHSBC Global Research prefers large-caps but sees opportunities in the current mid-cap sell-off too. The research house remains constructive on the broader market and ruled out any deep sell-off in…
adminBlue Dart Express Ltd has announced the launch of a unified shipping API software platform, to cater to the logistics requirements of MSMEs and large enterprises. The platform offered by…
adminMarket regulator SEBI has given an undertaking in the Bombay High Court that it will not take any action against Subash Chandra for a period of three weeks. Chandra had…
adminBSE Sensex rose by 214.65 pts or 0.30 per cent to trade at 72,226.70 as of 1.05 pm, while Nifty 50 traded at 21,871.05, up 53.60 pts or 0.25 per…
adminSEBI has proposed that the disclosures made in the draft red herring (DRHP) and red herring (RHP) prospectus of public issues be made available in audio-visual (AV) format by the…
adminGrasim Industries Ltd, a part of the Aditya Birla Group, has secured an investment of ₹1,250 crore from International Finance Corporation (IFC), the private sector arm of the World Bank…
adminInfosys co-founder NR Narayana Murthy has gifted shares worth over ₹240 crore to his four-month-old grandson, Ekagrah Rohan Murty. According to the exchange filing, the 77-year-old IT veteran said that…
adminBenchmark equity indices faced volatile trends in early trade on Monday, surrendering their initial gains to trade lower, following a weak lead from Wall Street and rising crude oil prices.…
adminApple has agreed to pay $490 million to settle a class-action lawsuit alleging CEO Tim Cook misled investors about a steep downturn in iPhone’s sales in China that culminated in…
adminStock markets would take cues from the biggest event of the week — the US Fed interest rate decision, besides tracking the trends in global markets and trading activity of…
adminTarget: ₹1,844 CMP: ₹1,583.10 Vinati Organics enjoys global leadership in two specialty chemicals, with a market share of 70 per cent in IBB (isobutyl benzene) and 80 per cent in…
adminTarget: ₹1,720 CMP: ₹1,550.75 We hosted investors for a visit to JB Chemicals’ Daman lozenges facility to better understand the outlook. Key takeaways include: Geographical expansion with same customer, tech…
adminThe board of Securities and Exchange Board of India (SEBI) on Friday gave its nod for the launch of a beta version of optional T+0 settlement for 25 scrips with…
adminShares of India’s Paytm rose a stock exchange-allowed maximum of 5% on Friday, a day after it got a third-party application provider license that will allow it to offer digital…
adminTarget: ₹500 CMP: ₹356.05 The current share price of Balrampur Chini (trades at 10.5xFY26EPS), we believe, disregards: improving sugar prices (ex-mill sugar price at 37-38/kg despite the peak production season)…
adminHavenArk, a leading trading community in Kochi, has announced a strategic partnership with Zimtra, a proprietary asset management firm. Leveraging HavenArk’s extensive trader network, the collaboration aims to usher in…
adminBajaj Auto’s ₹4,000-crore buyback offer received a strong response from investors. The offer was oversubscribed 6.89 times according to the data available at BSE. The buyback that opened on March…
adminNazara Technologies Limited revealed its plan to allocate Rs 830 crore for mergers and acquisitions over the next 24 months. Following a recent fundraise that garnered Rs 760 crore through preferential…
adminFollowing the the Reserve Bank of India’s recent restrictions on Paytm Payments Bank Ltd, BSE has advised its trading members to have additional bank accounts to avoid any impact on…
adminThe NSE Nifty was up by 0.38 per cent, or 84.30, to 22,416.95 points, while the BSE Sensex was at 73,917.72, up by 0.57 per cent, or 412.78 points. A…
adminBroader market came under heavy selling pressure on Monday, amid talk of potential bubble in the small- and mid-cap segments and stiff valuation. The BSE Sensex and NSE Nifty declined…
adminThe NSE Nifty was down by 0.05 per cent or 10.25 points at 22,481.25, while the BSE Sensex was at 74,033.34 down by 0.13 per cent or 96.9 points. A…
adminSecurities and Exchange Board of India has notified the regulations for small and medium real estate investment trusts and specified that investment managers of such REITs should have a minimum…
adminVenus Remedies has received marketing authorisation for its oncology drugs in Ukraine. This includes Paclitaxel, 100mg/16.7mL, 260mg/43.3mL, 300mg/50mL and 30mg/5mL, Oxaliplatin in concentrations of 50mg/10mL and 100mg/20mL, and Irinotecan in…
adminThe current fiscal year FY24 is set to end with record net inflows from Foreign Portfolio Investors (FPIs) into the Indian market, with net investments close to ₹12,000 crore ($1.4…
adminInflows into small-cap mutual fund schemes moderated by 10 per cent last month to ₹2,922 crore against ₹3,257 crore in January due to large-scale redemption amid concern over high valuation…
adminBummer, an innerwear company has raised ₹9.25 crores in a Pre-Series A1 funding round. Also read: Lux Industries expecting good growth in mid-premium segment The funding spearheaded by Gruhas Collective…
adminSonata Software has announced the integration of its Harmoni.AI with Microsoft Azure AI service. Sonata’s AI offering provides industry solutions, service delivery platforms, and accelerators. Using Microsoft Azure AI services,…
adminOn the eve of International Women’s Day, Colossa Ventures, a SEBI registered venture capital management company, has announced the first close of its maiden fund – Colossa WomenFirst Fund at…
adminWardwizard Innovations & Mobility Ltd dispatched 2,018 units of electric two-wheelers in February 2024, compared to 953 units in February 2023. Additionally, the company sold 11 electric three-wheelers in February…
adminBrokerage firm Jefferies has downgraded its rating on IIFL Finance following RBI’s directive to the company to stop incremental gold loan sanctions, citing hit on earnings due to rapid unwinding…
adminDroneAcharya Aerial Innovations Ltd has announced its foray into the Southeast Asian market with the inauguration of Drone Entry Thailand’s new office, located at AIT Bangkok. According to the company’s…
adminTata Motors’ management might have decided to demerge its passenger vehicle (PV) and commercial vehicle (CV) businesses, but most domestic analysts do not see great potential in the stock price…
adminCrude oil futures traded lower on Tuesday morning as China’s GDP growth target failed to impress the markets. Also read: Crude oil up as OPEC+ members extend voluntary output cuts…
adminTarget: ₹181 CMP:L ₹153.80 India’s market share in the US home textile exports improved to 46/38 per cent in CY2023 for bedsheets/terry towels from 34/36 per cent in CY2022. With…
adminVipul Organics Limited’s shares were up by 2.61 per cent after the company clinched a deal with Tamil Nadu News Print and Paper Limited (TNPL). The deal entails the supply…
adminExtending the lacklustre trend witnessed in January, precious metals remained range-bound and the price action was devoid of any direction in February. The strength in the U.S. dollar and the…
adminThe National Stock Exchange (NSE) on Friday said its unique registered investors have surpassed nine crore, with the latest one crore additions taking place in just five months. Also read:…
adminEquity benchmark indices Sensex and Nifty ended at new closing high levels in the special trading session on Saturday, extending their previous day’s sharp rally, amid impressive GDP data and…
adminListed firms such as Bajaj Hindusthan Group, Ponni Sugars, Rana Sugars, DS Sugars and Godavari Biorefineries are among the companies that own 85 sugar mils against whom the Indian government…
adminRK Swamy Ltd on Friday raised about ₹187 crore from 18 anchor investors ahead of its initial public offering (IPO), which opens on March 4 and closes on March 6.…
adminAfter days of trading flat, the markets surged ahead with a rally on Friday. The NSE Nifty was up by 0.66 per cent, or 152 points, reaching 22,129.05, while the…
adminBenchmarks closed in green on Thursday at the end of a range-bound trade ahead of release of key economic data. Besides, monthly F&O expiry and MSCI rebalancing volumes added to…
adminThe ₹224-crore issue of Mangaluru-based Mukka Proteins will open for public subscription today in a price band of ₹26-28 a share. The offer closes on Monday, March 4. Investors can…
adminBenchmark indices ended a per cent lower on Wednesday amid profit booking and weak global cues. The Sensex was down 790 points or 1.08 per cent at 72,304.88, while the…
adminThe ₹2,500-crore initial public offering of Bharat Highways InvIT will open for subscription today and conclude on March 1. The price band has been fixed at ₹98-100 per unit and…
adminThe Chennai-based RK Swamy will launch its initial public offering on March 4, according to red herring prospectus filed with SEBI. The company is expected announce the price band this…
adminDomestic markets are set for a muted start on Tuesday, tracking broader Asian peers ahead of key US economic data which could influence the interest rate trajectory in the world’s…
adminIn the past four months, through September 2023–January 2024, InterGlobe Aviation (IndiGo) lost domestic market share from the peak of 63.4 per cent to 60.2 per cent, which mirrored the…
adminBSE Sensex was down by 0.42 per cent or 307.79 to 72,825 points, while the NSE Nifty was at 22,135, down by 0.35 per cent or 78.50 points. A total…
adminAnvil Wealth Management (AWM) is winding down its portfolio management services (PMS) business, said two people in the know. The decision to shut shop comes in the aftermath of SEBI’s…
adminBillionaire Gautam Adani on Saturday met Uber CEO Dara Khosrowshahi, who is currently on a visit to India, and hinted at possible future collaborations between his conglomerate and the ride-hailing…
adminThe United Arab Emirates’ exit from the the grey list on Friday, nearly two years after its inclusion by the Financial Action Task Force, will ease the road for the…
adminThe ₹1,800-crore initial public offering of Juniper Hotels was subscribed fully on the last day of issue closing on Friday, thanks to qualified institutional buyers. The IPO saw a lukewarm…
adminCapital market regulator SEBI has excluded investment made through ETFs and index funds from the regulations on exposure to a single stock of own group companies and nomination has been…
adminNifty hit a new high in early trade on Friday by reaching over the 22,290-level. It traded at 22,274.50, up by 57.05 pts or 0.26 per cent, and BSE Sensex…
adminIndian equities overcame Fed jitters and reversed early losses to make fresh highs on Thursday. The Sensex surged 535 points to 73,158, and the Nifty rose 162 points to 22,217.…
adminBenchmark indices slipped in early trade on Thursday. BSE Sensex fell by 168.80 pts or 0.23 per cent to trade at 72,454.29 as of 9.58 am, while Nifty 50 traded…
adminMutual funds holding in troubled Paytm (One 97 Communication) have increased 70 per cent to ₹3,384 crore in January compared with ₹1,995 crore in December as they ramped up exposure…
adminThe ₹1,800-crore initial public offering of Juniper Hotels, which runs the “Hyatt” brand, opens today for public subscription. The IPO comes out with a price band of ₹ 342-360 and…
adminAditya Birla Group company Novelis Inc has filed papers with the US market regulator Securities and Exchange Commission relating to the proposed initial public offering of its common shares. Novelis,…
adminIndian shares are set for a muted start on Tuesday, tracking their Asian peers after China’s efforts to support its property markets failed to excite investors, while fading hopes of…
adminPNB MetLife India Insurance Company on Monday launched PMLI Small Cap Fund, a new fund within the Unit Linked Insurance Plan (ULIP) segment. The fund will offer policy holders an…
adminDomestic markets are likely to open on a flat note on Monday. Gift Nifty at 22,147.50 against NIfty Feb futures’ Friday close of 22,097 indicates a positive beginning. However, cues…
adminSensex, Nifty, Share Prices
adminNifty 50 and Sensex witnessed a strong bounce last week. This was contrary to our expectation to see a fall. Though the indices witnessed a subdued start, they picked up…
adminGeneral Elections 2024 is one of the biggest events to watch this year. A study on the Indian stock market performance in the previous election years shows that whatever the…
adminShares of Entero Healthcare Solutions made a weak beginning at the bourses on Friday. Against the IPO price of ₹1,258, shares of the healthcare products distributor opened in discount at…
adminShares of Alpex Solar made a stellar listing at NSE-Emerge platform. As against the IPO price of ₹115, the stock was listed at with a huge premium of ₹345.45 and…
adminShares of Entero Healthcare Solutions will be listed at the exchanges on Friday. The company has fixed the IPO price as ₹1,258. The IPO saw only a lukewarm response on…
adminCarlyle Group has sold equity stake worth ₹1,056 crore in Yes Bank through open market transaction. Carlyle Group sold 1.35 per cent stake at an average price of ₹27.10 per…
adminVibhor Steel Tubes issue closes today for public subscription. The IPO has attracted an overwhelming response from all categories of investors thus far, as issue was subscribed 101.30 times at…
adminShare of the merged entity of Pressman Advertising and Signpost India, the Digital Out of Home advertising company, started trading on Wednesday and hit the upper circuit of ₹327 on…
adminFor Life Insurance Corporation of India (LIC), the start of the current fiscal turned out be a momentous one, as it managed to come out of a year-long bear grip…
adminTarget: ₹458 CMP: ₹452.40 Coal India reported higher than estimate EBITDA ex OBR at ₹11,900 crore (CentrumE: ₹10,950 crore), up 6.2 per cent y-o-y/ up 34 per cent q-o-q and…
adminThe initial public offering of Entero Healthcare Solutions will close for public subscription today. The company has so far received a rather weak response from investors, who have subscribed it…
adminShares of Bandhan Bank tumbled 7.21 per cent at ₹200.65 on the BSE on the businessline reports that some of loans have come under forensic audit. On Sunday, businessline reported…
adminShares of Apeejay Surrendra Park Hotels will be listed at the bourses today at an issue price of ₹155. The ₹920-crore IPO – a fresh issue of ₹600 crore and…
adminFour of the top-10 most valued firms together added ₹2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of India emerging as the biggest…
adminThe initial public offering of information and communications technology products distributor Rashi Peripherals saw a spectacular response from all categories of investors, as the issue was subscribed 59.71 times. The…
adminGodfrey Phillips India (₹2,366.3) Uptrend is intact Godfrey Phillips’ stock was tracing a horizontal trend in the second half of last year. It was oscillating between ₹2,020 and ₹2,200. But…
adminNowadays, Central Government agencies such as the Income-tax department and the Enforcement Directorate (ED) are creating ripples in financial markets, with a host of companies coming under their radar. Some…
adminThe runaway rally in shares of public sector companies has made analysts dig deeper on the reasons driving the rally. The BSE PSU index has risen by about 92 per…
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adminPrivate equity major Warburg Pincus on Thursday divested an 8.4 per cent stake in Kalyan Jewellers India for ₹2,937 crore through open market transactions. The US-based Warburg Pincus through its…
adminTarget: ₹2,096 CMP: ₹1,931.25 During Q3-FY24, Endurance Technologies delivered a lower-than-expected performance, however compared to industry growth, the revenue growth of the domestic business was better off. This was led…
adminDomestic markets are expected to open mildly positive ahead of the RBI policy meeting at 10 am. Gift Nifty at 22,054 against Nifty futures close of 22,003. Though global stocks…
adminHeadquartered in Bhilai, Chhattisgarh, Atmatsco is offering 73,05,600 equity shares, of which 54,80,000 as a fresh issue and 18,25,600 equity shares through an offer-for-sale (OFS). The proceeds from the IPO…
adminThe initial public offering of Information and communications technology products distributor Rashi Peripherals opens on Wednesday for public. The IPO, which closes on Friday, comes out with a price band…
adminComputer Age Management Services (CAMS) reported a 20 per cent increase in the December quarter net profit at ₹89 crore against ₹74 crore logged in the same period last year,…
adminIndusInd Bank has infomred the exchanges that the RBI has allowed HDFC Bank to acquire an “aggregate holding of up to 9.50 percent of the paid-up share capital or voting…
adminTarget: ₹3,100 CMP: ₹2,884.50 Kaynes Technology Q3 revenue surged 76 per cent y-o-y to ₹510 crore, 10 per cent higher than our estimates. Revenue was led by healthy B2B demand…
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adminThe Paytm brand, nor its Founder and CEO Vijay Shekhar Sharma for money laundering, the company said on Sunday. The ED had visited premises of the company and some other…
adminStock markets will be driven by quarterly earnings by index majors, global trends and the RBI’s interest rate decision this week after digesting news on budget proposals and US Federal…
adminThe week gone by had it all. Resurfacing jitters of regional banking crisis in the US resulted in bond yields collapsing significantly in early part of the week. Then, a…
adminContrary to our expectation to extend the fall, the Indian benchmark indices witnessed a strong bounce back last week. Nifty 50 and the Nifty Bank index had closed over 2…
adminDelta-neutral trades require active management. These are trades that involve taking long positions in, say, lower strike calls and short positions in higher strike calls such that the delta of…
adminTarget: ₹1,260 CMP: ₹1,188.15 Blue Star is a top 5 player in all its key product categories. Multiple tailwinds are at play, with the trend of penetration improvement-drive growth likely…
adminSingaporean sovereign wealth fund Temasek Holdings on Thursday sold its entire 5.42 per cent stake in Policybazaar’s parent firm PB Fintech for ₹2,425 crore through open market transactions. Temasek Holdings’…
adminThe NSE Nifty was down 0.04 per cent or 7.65 points at 21,718.04 points, while the BSE Sensex was at 71,725.06, down by 0.04 per cent or 27.05 points. A…
adminOn Thursday, Asian stocks displayed a mixed performance in response to the declines on Wall Street, prompted by the US Federal Reserve’s indication of requiring more time before implementing interest…
adminTarget: ₹10 CMP: ₹14.36 Vodafone Idea (Idea) reported inline performance for the quarter. Both, sequential revenue growth and EBITDA margin were as per expectation. It reported sequential decline in revenue…
adminOn Wednesday, Asian stocks opened lower, influenced by tech losses on Wall Street, as investors awaited signals on interest rates from the US Federal Reserve. The Nikkei 225 index dropped…
adminShares of Epack Durable had a rather dull beginning at the bourses on Tuesday. The stock of the air-conditioner maker tumbled 9.70 per cent to ₹207.70 on the BSE against…
adminJapanese stocks started the day on a positive note on Tuesday following record highs on Wall Street, with investors shifting their attention to an upcoming US Federal Reserve meeting. The…
adminTarget: ₹700 CMP: ₹558.05 We initiate coverage on Star Health and Allied Insurance (STAR) with a Buy rating and a 12-month target price of ₹700. STAR is India’s largest retail…
adminHome Markets Updated – January 29, 2024 at 07:20 AM. Sensex, Nifty, Share Prices LIVE: The Indian domestic market is expected to open on a positive note on Monday due…
adminTiger Global-backed wealth management start-up ended 2023 with 7.6 million active traders, as per data from the NSE. Also read: Companies opting for IFSC listing may face several bumps While…
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adminWhat is the outlook for Petronet LNG for the next two-three months? I am holding the stock and my average purchase price is ₹228. Can I exit at current levels?…
adminInvesting in the stock market for the long term is safe and rewarding, says Monika Halan, a prominent personal finance writer and television personality. In a conversation with businessline, at…
adminThe short-term outlook turned positive for the stock of Infosys (₹1,669.1). The IT major finds immediate support at ₹1,560 and ₹1,427. The nearest resistance is at ₹1,720. A close above…
adminTechnology-backed service provider BLS E-Services Ltd has set a price band of ₹129-135 per share for its initial public offering (IPO), that will open for bidding on January 30. Also…
adminThe initial public offering of Nova Agritech saw overwhelming response from all category investors with the issue being subscribed over 109 times, as non-institutions bid aggressively. The IPO, which came…
adminTarget: ₹200 CMP: ₹166.85 L&T Finance Holdings (LTFH) reported PAT of ₹640 crore (in line) in Q3-FY24. PPOP grew about 7 per cent y-o-y to ₹1,340 crore (in line), while…
adminTata Metaliks has fixed February 6 as the record date for the proposed merger with Tata Steel. According to the scheme of amalgamation, TML shareholders will be entitled to receive…
adminEquity benchmark indices witnessed a see-saw movement in the early trade on Wednesday amid high volatility, as investors rushed to book profit in high-value stocks. The BSE Sensex fell 316.75…
adminShares of Medi Assist Healthcare Services ended with a premium of 11 per cent on Tuesday at ₹464.25 on the BSE against the issue price of ₹418. During the day,…
adminTarget: ₹200 CMP: ₹183.70 Karur Vysya Bank continued with its superlative performance, led by healthy credit growth, higher margins (up 25 bps q-o-q, including 19 bps from one-off lumpy corporate…
adminJapan’s Nikkei share average rallied to a fresh 34-year peak on Monday as the US S&P 500’s record-high close on Friday buoyed investor sentiment, despite continued signs of overheating in…
adminSony Group Corp. has officially notified Zee Entertainment Enterprises Ltd. it plans to call off the merger between its India unit and the media network, ending a two-year acquisition saga…
adminBritannia Industries (₹5,163.2) Rally to resume Britannia Industries’ share price has been on a decline since the beginning of this year. It fell off ₹5,375, thus indicating that this is…
adminThe initial public offering (IPO) of the Noida-based contract manufacturer of room airconditioner (RAC), EPACK Durable, opened on January 19 and will accept subscriptions till January 23, 2024. The total…
adminAt bl.portfolio, we had started taking a cautious approach to IT stocks since mid-2021 when valuations started getting frothy. Since then, there has been quite a significant time-wise, and also…
adminShares of Reliance Industries Ltd fell 1.30 per cent in morning trade on Saturday after the company reported its quarterly earnings. Also read: Reliance Jio’s profit rises 12 per cent…
adminEquity and derivatives markets of BSE and the National Stock Exchange will function normal on Saturday i.e. from 9:15 a.m. to 3:30 p.m., without the planned disaster recovery movements. However,…
adminThe ₹640-crore initial public offering of Epack Durable will open for public subscription today and close on January 23. The IPO comes with a price band of ₹218-230 and the…
adminGlobal financial advisory firm BNP Paribas expects Nifty to post a high single-digit return in 2024 while domestic brokerage Emkay Global Financial anticipates an 11 per cent return. “While most…
adminBenchmark equity indices Sensex and Nifty tanked in early trade on Thursday, falling for the third day running, as investors continued to book profits after the recent record-breaking rally. Also,…
adminBenchmark indices went into a free fall on January 17, tanking over two per cent, to post their biggest single-day loss in the last one-and-a-half years. HDFC Bank’s disappointing third…
adminThe BSE Sensex slumped 1.88 per cent, losing 1371.4 points at 71,757.37 as of 1:42 pm, while the Nifty 50 traded at 21,642.50, down 1.77 per cent, shedding 389.80 points.…
adminTarget: ₹4,020 CMP: ₹3,573.80 Our interactions suggest that investors are concerned about the security situation in the Middle East, following attacks on ships in the Red Sea by Houthi rebels…
adminIndia’s benchmark index Nifty 50 is set for a muted start on Tuesday, tracking Asian peers ahead of key economic data from China, after a recent rally to record highs.…
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adminBenchmark Sensex closed above the 73,000 level for the first time while broader Nifty scaled the 22,000-point peak on Monday as key stock indices stayed on the record-breaking run powered…
adminBenchmark equity indices reached historic highs in the early trading session on Monday, as the Sensex crossed the 73,000 milestone and the Nifty surpassed the significant 22,000-mark. The surge was…
adminTarget: ₹780 CMP: ₹682.90 Shyam Metalics and Energy’s (SMEL) Dec’23 volume stayed robust on finished steel front with revenue rate picking up. Key points: Rebar shipments at 130kt rose to…
adminGHCL Limited’s shares were up by 2.17 per cent after the company signed two Memorandums of Understanding (MOUs) during the Vibrant Gujarat Summit, outlining investments totalling Rs 3,450 crore in…
adminAsian Energy Services Ltd clinched a contract from Eastern Coalfields Limited (ECL), a subsidiary of Coal India Limited. The contract entails the construction of plough feeders and associated civil works…
adminVeranda Learning Solutions Limited’s shares were up by 2.08 per cent after the company acquired a 50 per cent stake in Tapasya Educational Institutions Private Limited for Rs 120 crore. …
adminThe Securities and Exchange Commission (SEC) on Friday charged investment banking major Morgan Stanley & Co. LLC and the former head of its equity syndicate desk, Pawan Passi, in a…
adminIncome-tax findings on an “unnamed” company perceived to be Polycab Industries and the company’s clarification failed to convince analysts. The Polycab stock corrected 21 per cent to ₹3,905 on Thursday…
adminTarget: ₹362 CMP: ₹274.60 The successful debt restructuring at Vedanta parentco Vedanta Resources (VRL) removes a major overhang on the stock. The restructuring comes at a higher cost, but gives…
adminBenchmark equity indices climbed in early trade on Thursday amid a rally in global markets and buying in Reliance Industries. The 30-share BSE Sensex jumped 341.76 points to 71,999.47 in…
adminAfter the successful venture into automobile sector, Sajjan Jindal-led JSW Group is preparing the ground for listing its cement business on stock exchanges to raise about ₹6,500 crore. Sources said…
adminBenchmark equity indices declined in early trade on Wednesday amid fresh foreign fund outflows and a largely weak trend from global markets. Investors preferred to stay on the sidelines ahead…