News With a Purpose Perspectives With Power
News With a Purpose Perspectives With Power
adminPublic sector companies or PSUs are an important resource for the Centre when it comes to fund raising but that is proving a Herculean task, especially from listed ones. By…
adminIndia has toppled Taiwan to take the second place in the MSCI EM Index, with a weightage of 17.1 per cent. The country’s representation in the index is poised to…
adminEdelweiss Financial Services’ has announced a Rs 250-crore public issue of NCDs, with yield of up to 10.46 per cent per annum. The NCDs carry CRISIL A+/Stable and ICRA A+…
adminTarget: ₹1,400 CMP: ₹1,297.50 After underperforming its listed peers on pre-sales growth over FY21-23, we believe Sobha is set to outperform in terms of growth given its focus on unlocking…
adminEquity benchmark indices Sensex and Nifty rebounded on Thursday after falling in the past two days and ended nearly 1 per cent higher, mainly on buying in HDFC Bank and…
adminThe board of PTC Industries on Wednesday approved preferential issue of up to 2.35 lakh shares to certain non-promoters at ₹6,000 each, aggregating up to ₹141.25 crore. Among the investors…
adminStock markets declined for a second day in a row on Wednesday with benchmark Sensex closing lower by 535 points due to selling in HDFC Bank and IT shares amid…
adminMumbai-based Rays Power Infra, an integrated solar power company with implementation of solar power projects of 1,207 mega-watts peak, has filed its Draft Red Herring prospectus (DRHP) with capital market…
adminRoyal Orchid & Regenta Hotels Ltd’s shares jumped 7.15 per cent after the company inaugurated its seventh property in Himachal Pradesh. The property, Regenta Inn Luxinna, Bhagsung, is located in…
adminNew Delhi-headquartered Esconet Technologies has filed draft paper for listing at NSE Emerge. The IPO comprises a fresh issue of 33.60 lakh shares. The company manufactures high-performance supercomputers, data servers…
adminIndian equities are poised to rise further after closing out a record eight-year winning run in 2023, on expectations of continued inflows from retail and foreign investors as well as…
adminAs infrastructure and its many sub-segments took off sharply over the past couple of years and continue to thrive with heavy government investments and initiatives, many companies have benefitted from…
adminLong-term investors can buy the shares are Jubilant Pharmova (₹545.75) at current levels. The stock made a low of ₹268.60 in March and has risen well from there. It indicates…
adminThe National Payments Corporation of India (NPCI) is set to kick off an Application Supported by Blocked Amount (ASBA)-like facility in the secondary market from January 1. The Unified Payments…
adminTarget: ₹3,700 CMP: ₹3,133.70 The company reported a robust growth outlook across all segments, resulting in strong earnings visibility from FY23 to FY26. The revenue contribution from the Railway and…
adminThe Friday morning market opened with a decline, following the positive start earlier in the week. NSE Nifty was down by 0.21 per cent, or 46.55 points, at 21,732, while…
adminTarget: ₹635 CMP: ₹ 562.15 We met Sushanth Pai, Chief Financial Officer, Matrimony.com (Matrimony). Takeaways: 10–12 per cent revenue growth (volume led) is possible in the future and will be…
adminShares of Hyderabad-based Azad Engineering will be listed on the bourses today. The company, whose IPO saw an overwhelming response from all category of investors, has fixed the issue price…
adminShares of RBZ Jewellers closed 5 per cent higher on listing day after opening on a dull note. The stock closed at ₹105 against the IPO price of ₹100 on…
adminThe NSE Nifty was up by 0.59 per cent or 127.50 points at 21,570.99 points, while the BSE Sensex was at 71,768.34 points, up by 0.60 per cent or 430.34…
adminMaithan Alloys, manufacturers and exporters of niche value-added manganese alloys, said on Tuesday that it plans to acquire 10 lakh shares (0.202 per cent) of the National Stock Exchange. In…
adminInox Wind (IWL) on Tuesday said that it has bagged a 279 MW order from a large commercial and industrial (C&I) player for its 3 MW Wind Turbine Generators (WTGs).…
adminAllcargo Logistics Ltd and Allcargo Gati Ltd have announced a composite scheme of arrangement for restructuring of businesses. As per the exchange filing, International Supply Chain (ISC) business will be…
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adminNifty 50 began today’s session with 21,295.85 versus Thursday’s close of 21,255.05. The index added gains post the open and is now at 21,340, up 0.4 per cent. The advance/decline…
adminBank Nifty December futures (48,020) The Bank Nifty index is trading higher. The index is currently at 47,930, up 0.20 per cent. The advances/ declines ratio is at 11:1. This indicates…
adminNifty could hit the 24200 level in 2024, driven by heavyweight stocks from the BFSI, auto, cement and healthcare sectors, ICICIdirect has said in its latest Quant Yearly Outlook report.…
adminAXISCADES Technologies stock surged 10 per cent to hit a 52-week high on the NSE, it traded at ₹675 as of 1:40 pm on Friday. The Bengaluru-based engineering solutions provider had…
adminTarget: ₹320 CMP: ₹250.15 In our view, PCBL’s stock price is not factoring in the value of its recently acquired Aquapharm business. Besides, PCBL’s recent JV with Kinaltek takes it…
adminTarget: ₹4,600 CMP: ₹3,961 Siemens, in its analyst meet, highlighted growth opportunities across segments, plans to demerge its energy division, and plans to increase localization across segments. The company is…
adminBenchmark equity indices began the trade on an optimistic note on Friday tracking firm global market trends. The 30-share BSE Sensex climbed 180.55 points to 71,045.65 in early trade. The…
adminTarget: ₹1,000 CMP: ₹857.10 The company’s ongoing capacity expansion at its subsidiary UCWL (Udaipur Cement Works Ltd) of a 2.5 mtpa grinding unit is progressing well and is expected to…
adminThe market tanked in the post-lunch session on Wednesday on heavy profit-booking. The BSE Sensex is now at 70,467.33, down by 38.98 pts or 0.06 per cent, and Nifty at…
adminTarget: ₹185 CMP: ₹167.25 Bharat Electronics (BHE) has received several order inflows aggregating ₹8,790 crore in Q3-FY24 to date. Until FY24 YTD, cumulative order inflows stood at ₹23,170 crore vs…
adminThe initial public offering of Mumbai-based Credo Brands Marketing was subscribed twice on the opening day, Tuesday. The ₹549.80-crore IPO comes with a price band of ₹266-280 and investors can…
adminPublic sector banks have continued their good run on the bourses this year with the Nifty PSU Bank index gaining 33 per cent in the year to date. For two-…
adminThe benchmark indices opened flat on Tuesday, December 19. Nifty was at 21,410.45, down by 8.20 pts or 0.04 per cent as of 9:37 am, while the BSE Sensex was at…
adminCrisil Ratings has downgraded its rating on non-convertible debentures of Bandhan Bank Ltd to ‘Crisil AA-/Stable’ from ‘Crisil AA/Negative’ and reaffirmed its ‘Crisil A1+’ rating on the certificate of deposits.…
adminDomestic markets are likely to open on a negative note on Monday. However, analysts expect the market to sustain the momentum with information technology stocks joining the rally. Foreign portfolio…
adminThe outlook remains positive for the stock of Adani Ports and Special Economic Zone (APSEZ) (₹1,078.55). If the current rally sustains, APSEZ can hit a high of ₹1,350. On the…
adminImpresario Handmade Restaurants, which owns premium restaurant chains like ‘Socia’l and ‘Smoke House Deli’, aims to be listed in the next two–to-three years. According to Riyaaz Amlani, CEO and MD,…
adminThe net inflow through the Systematic Investment Plan at ₹9,058 crore accounted for 56 per cent gross inflow of ₹17,073 crore in July with the number of new SIP increasing…
adminTarget: ₹915 CMP: ₹769.30 We initiate coverage on Sonata Software with a Buy rating and a target price of ₹915 (valued at 30x PE FY26E EPS). New CEO has enabled…
adminTarget: ₹151 CMP: ₹122.56 In Q2-FY24, CESC exhibited consistent financial performance. Revenue from operations surged to ₹4,352 crore, marking an 11.2 per cent y-o-y increase and a 1 per cent…
adminThe public issue of cryogenic tank maker Inox India, which opened on Thursday, was subscribed 2.79 times on Day 1 of issue opening. The issue, which closes on December 18,…
adminCredo Brands Marketing has fixed the price band at ₹266 to ₹280 per equity share for its initial public offer. The IPO will open on December 19 for subscriptions and…
adminThe ₹1,200-crore initial public offering of India Shelter Finance Corporation was subscribed 1.48 times on the first day of bidding on December 13. The price band for the issue has…
adminBengaluru-based Denta Water and Infra Solutions Ltd has filed its draft red herring prospectus with Securities and Exchange Board of India to raise funds through initial public offering (IPO). The…
adminDomestic markets are expected to open flat with a positive bias. With strong macro numbers – IIP at 11.7 per cent and inflation at 5.6 per cent – analysts expect…
adminTarget: ₹1,484 CMP: ₹1,303.30 L G Balakrishnan Brothers (LGB) manufactures roller chains and undertakes metal forming, including warm & cold forging, fine blanking and machined parts. With the Indian two…
admintock 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 12 December 2023.…
adminEquity benchmark Sensex breached a new milestone of 70,000 points before closing 102 points higher, while Nifty settled just shy of the 21,000 mark on Monday, driven by gains in…
adminSensex, Nifty, Share Prices LIVE: Japanese stocks opened strong buoyed by optimism from a robust US economy that lifted Wall Street last week. The Nikkei 225 surged 1.64%, reaching 32,836.77…
adminInfrastructure consultancy and engineering firm RITES has entered into a memorandum of understanding (MoU) with Oil India Limited, the national oil company, to develop Duliajan Township, Assam, as a mini…
adminTarget: ₹184 CMP: ₹158.70 Bharat Electronics Ltd (BEL) reported in Q2-FY24 revenue from operations to ₹3,993.30 crore, up 1.2 per cent y-o-y and 13.5 per cent q-o-q. EBITDA stood at…
adminAt the recent Global Economic Policy Forum 2023, organised by the Department of Economic Affairs in Finance Ministry and Confederation of Indian Industry, Ridham Desai, Managing Director, Morgan Stanley India,…
adminShares of MRF Ltd on Friday breached the ₹50,000-crore market cap on Friday as they were on a roll in the last few months. The stock closed at ₹1,17.916.10 on…
adminTarget: ₹2,350 CMP: ₹2,455.90 BEML management expects revenue to grow by 20 per cent y-o-y in FY24 to ₹4,500-4,800 crore (earlier ₹5,000 crore), driven by execution ramp-up in defence &…
adminTata Power stock zoomed to an all-time high of ₹332 on Thursday on the BSE that helped it to cross ₹1-lakh crore market capitalisation (₹1.04-lakh crore). The stock closed almost…
adminBenchmark equity indices Sensex and Nifty snapped their seven-day winning streak on Thursday as investors booked profits after recent sharp gains amid negative cues from Asian markets. The 30-share BSE…
adminTarget: ₹255 CMP: ₹238.95 JSW Infrastructure (JSWIL) in its filing has announced the acquisition of a majority stake (50 per cent equity plus 1 share) in PNP Port Maritime Service…
adminShares of Life Insurance Corporation of India (LIC) have been on the rise, gaining nearly 25 per cent in the last 15 days. On Wednesday the stock closed at ₹746…
adminNifty 50 continues to extend its run up today as well. It began today’s session with a gap-up at 20,808.90 versus yesterday’s close of 20,686.80. The index is now at…
adminKotak Institutional Equity Research has identified several flaws in the valuation practices prevalent in the stock market.This has exaggerated the ‘fair’ values of stocks and understated potential risks to the…
adminMotilal Oswal Asset Management Company aims to raise ₹1,000- 1,200 crore through the new small-cap fund offering to be launched on Tuesday. This will be the first NFO of an…
adminAdani International Container Terminal Private Limited (AICTPL), the joint venture terminal at the Adani Ports and Special Economic Zone (APSEZ) in Mundra, has handled over 3,00,000 containers in the month…
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adminI have purchased 500 shares of CESC in September 2021. My purchase price is around ₹87. What is the outlook for the stock? Can I continue to hold the stock?…
adminInvestors with a minimum time frame of one year can buy the shares of Granules India (₹392.70). The stock surged over 20 per cent last month. This has taken the…
adminEscorts Kubota is forming a head and shoulder pattern. Can I buy a put option? Muthukumar Escorts Kubota (₹3,205.2): The stock has largely been moving in a sideways trend since…
adminAs expected, shares of Flair Writing Industries made a big bang debut on the exchanges on Friday. Against the IPO price of ₹304, the stock opened at 503, a premium…
adminThe benchmark 50-share Nifty surged to a record high on Friday on the back of better-than-expected GDP numbers, buying by foreign investors and positive global cues. Nifty rose for the…
adminZydus Lifesciences Limited’s shares were up by 0.56 per cent after the company received final approval from the United States Food and Drug Administration (USFDA) for Ivabradine Tablets, 5 mg,…
adminShares of Rockingdeals Circular Economy made a strong debut at the NSE-Emerge on Thursday as the stock closed at ₹315 — a gain of 125 per cent over the IPO…
adminThe equity markets initially demonstrated a bullish trend at the Thursday opening, only to experience a swift downturn in the afternoon. Both the Nifty and the Sensex recorded losses during…
adminChinese major Alibaba group’s investment arm has exited from Zomato on Wednesday. According to bulk deal data on the BSE, Alipay Singapore Holding Pte Ltd, an arm of Alibaba, sold…
adminRamco System Ltd.’s shares were up by 2.95 per cent after the company announced a partnership with Deloitte Touche Tohmatsu India LLP to deliver a global payroll solution, combining technology…
adminTarget: ₹200 CMP: ₹169.45 FSN E-Commerce Ventures (Nykaa) is on track to post healthy gross merchandise value (GMV) growth of 27 per cent y-o-y in Q3-FY24 in its online Beauty…
adminDB Realty Ltd.’s shares were up by 2.99 per cent after the company reported that its promoter group has divested 2.91 per cent stake, selling 1.46 crore shares and raising…
adminSecurity and Intelligence Services (SIS) Limited’s shares were up by 1.32 per cent after the company disclosed its Investment Committee’s approval for an investment of up to Rs 3.5 crore…
adminRamkrishna Forgings Ltd has taken a step towards carbon neutrality with its investment in renewable energy. The company has partnered with Prozeal Green Energy Private Ltd to install a 7.82…
adminEquity benchmark indices Sensex and Nifty closed with modest losses for the second straight session on Friday, following selling in IT stocks amid a lack of fresh buying triggers. In…
adminBenchmarks ended in red for the second day in a row. While BSE Sensex lost 47.77 points to 65,970.04, NSE Nifty closed 7.30 points lower to 19,794.40 in a range-bound…
adminTarget: ₹352 CMP: ₹287.30 In the second quarter of the fiscal year 2023-24, RailTel Corporation of India Ltd. (RAILTEL) reported strong financial performance. Revenue from Operations grew to ₹599.10 crore,…
adminTarget: ₹1,150 CMP: ₹1,008.15 Axis Bank hosted an Analyst Day to demonstrate its progress at future-proofing the franchise on both sides of the balance sheet. Although Axis Bank has benefitted…
adminThe Nifty Transport index, dominated by auto and auto-ancillary components, has long been in the limelight. However, the attention of investors is gradually shifting towards the Transportation and Logistics sector,…
adminStock Market Today| Share Market Live Updates – Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 24th November 2023. ALL…
adminNSE Nifty was down by 0.02 per cent or 3.75 points to 19,806, while the BSE Sensex was at 66,047, up by 0.04 per cent or 23.77 points. A total…
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adminAffle (India) Ltd’s shares were up 2.38 per cent after the company filed 15 patents in India, spanning artificial intelligence (AI) domains, including automated AI agents, personalisation, recommendation systems, predictive…