Finance and insurance corporation Muthoot Finance has received RBI approval to open 115 new branches, a stock exchange filing revealed. Granting permission, the Reserve Bank of India has asked Muthoot to provide details of the new branches. “The company is also advised to ensure suitable arrangements for security and for…

Foreign Institutional investors (FIIs) are expected to continue selling as the Indian equity markets still appear somewhat expensive, according to Kotak Institutional Equities. Pratik Gupta, CEO and Co-head at Kotak Institutional Equities, said that Nifty 50 remains somewhat expensive at a price to earnings multiple of 19 times based on…

Shares of M&M, Bharti Airtel, Bajaj Finance, Adani Enterprises, and Adani Ports traded among top gainers of Nifty 50 pack, while Hindalco, Dr Reddy’s Laboratories, Trent, TCS, and Sun Pharma dragged. The stock market witnessed a mixed trend on Tuesday, rebounding from previous day’s loss. Metal, realty, PSU Bank, IT…

Target: ₹345 CMP: ₹354.65 In our May 9, 2024, report Risk to pace of execution, we highlighted that Tata Power is a resilient organisation but that a run-up in stock price was pricing in execution of multiple projects and events outside the company’s control. These included: weakness in power…

Shares of Dr Reddy’s Laboratories, Mahindra & Mahindra, Eicher Motors, Nestle India, and Tata Consumer Products traded among top gainers of Nifty 50 during intraday, while IT stocks dragged. On the flip side, Wipro, HCL Technologies, Infosys, TCS, and Bharti Airtel traded among major laggards. IT and telecom stocks pulled…

The asset and wealth management space has been warming up of late with merger and acquisitions. Last month, 360 One WAM (formerly IIFL Wealth Management) entered into a definitive agreement to acquire Batlivala & Karani Securities India Private Ltd and Batlivala & Karani Finserv Private Ltd for ₹1,884 crore. B&K…

Foreign investors have pulled out over ₹23,710 crore from the Indian equity markets so far this month, pushing total outflows past ₹1 lakh crore in 2025 amid rising global trade tensions. Going forward, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, believes that revival of FPI investment in India…

Target: ₹930 CMP: ₹669.60 Adani Energy Solutions (AESL) is set to post robust growth in its transmission, distribution, and smart meters businesses. Transmission EBITDA is likely to double to ₹7,600 crore by FY27, driven by India’s renewable energy (RE) target, 20-25 per cent market share in ₹84,000 crore near term…

Target: ₹2,100 CMP: ₹1,747.60 Kirloskar Brothers Ltd (KBL) has posted a 19 per cent y-o-y revenue growth during the quarter, with a 23 per cent increase in the overseas business. Growth in the overseas segment was driven by strong performance in SPP UK and Dutch subsidiaries, while the company has…

Jio Financial Services and Zomato will enter Nifty50 index in place of Britannia Industries and Bharat Petroleum Corporation Ltd (BPCL), said a release from the National Stock Exchange. Nifty Next50 will see inclusion of seven stocks: Bajaj Housing, BPCL, Britannia, CG Power, Hyundai Motor India, Indian Hotels and Swiggy in…

EaseMyTrip, one of India’s major online travel platforms, has signed a Memorandum of Understanding with the Korea Tourism Organization (KTO) to promote South Korea as a key destination for Indian tourists. The agreement was signed on February 19, 2025, in New Delhi. The shares of Easy Trip Planners Limited were…

Stock markets closed marginally lower for the third consecutive session on Tuesday, with the benchmark Sensex falling 203.22 points or 0.27 per cent to 75,735.96, while the Nifty 50 declined 19.75 points or 0.09 per cent to close at 22,913.15, amid concerns over potential US tariffs on Indian goods and…

Waterfield Advisors, an independent wealth advisory and multi-family office has raised $18 million in a funding round led by Jungle Ventures, a venture capital fund managing assets over $1 billion.  This investment marks a significant milestone in Waterfield’s journey as it continues to scale its pioneering, client-centric wealth advisory proposition…

Hexaware shares debuted at ₹745.50, at a 5 per cent premium over the offer price band on the NSE and ended the day at ₹755.75. On the BSE the share listed at a 3.14 per cent premium at ₹731, and closed at ₹763.85. Largest IPO The initial public offering (IPO)…

Shares of Bharat Electronics, Larsen & Turbo, Axis Bank, Hindalco, and NTPC emerged as top gainers among Nifty 50 constituents on Wednesday’s intraday trading session. While, Dr Reddy’s Laboratories, TCS, Hindustan Unilever, Adani Enterprises and M&M shares lagged. The broader market slightly rebounded from early loss to trade flat. Sensex…

The Securities and Exchange Board of India (SEBI) has proposed a SIM-binding mechanism to prevent unauthorised transactions in investors’ trading or demat accounts. This mechanism—similar to that of Unified Payments Interface (UPI) payments — will ensure that a user can login to their trading account once the unique client code…

Vinati Organics Limited, an Indian specialty chemicals manufacturer, announced today the incorporation of its wholly owned subsidiary, Vinati Organics USA INC, in Delaware, United States. The new entity was incorporated on February 13, 2025, with an authorized share capital of 5,000 shares at $100 par value each. The shares of…

Target: ₹600 CMP:₹324.85 Senco Gold’s reported Q3 EBITDA missed our estimate by about 500bps. However, most of the miss was led by hedging loss in the current quarter and hedging gain in the base quarter, as the adjusted gross margin (GM) decline was limited to only 100 bps. Q3 revenue…

Equity markets remained under pressure during Monday’s mid-day trading, with the benchmark indices continuing their downward trajectory amid persistent foreign investor outflows and global trade concerns. The BSE Sensex traded at 75,665.27, down 273.94 points or 0.36 per cent from its previous close, while the Nifty50 declined 79.60 points or…

Quality Power Electrical Equipments (QPEE), a company specialising in power equipments and solutions across transmission and distribution (T&D), is out with its IPO which is open until February 18. The IPO is a mix of fresh issue and offer for sale to the tune of ₹225 crore and ₹633.7 crore…

The combined market valuation of eight of the 10 most valued domestic firms eroded by ₹2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the…

The recent Budget announcement has brought consumption into focus with the moderation of personal taxes. Consumer Durables is at the forefront of such a tilt. Havells India, a well-diversified Consumer Durables player, can be accumulated on dips for investors looking to ride the wave. Margin improvement is a key task…

At least two of the four current Whole-Time Members at the Securities and Exchange Board of India (SEBI) have applied for its top post upon the expiry of the term of current chairperson Madhabi Puri Buch, said two people familiar with the matter. Incumbent Chairperson Madhabi Puri Buch’s term will…

The Securities and Exchange Board of India (SEBI) will soon introduce revised disclosure norms for related party transactions (RPTs) for publicly listed companies, Chairperson Madhabi Puri Buch said on Friday. At the launch of a related party transactions (RPT) analysis portal, the SEBI Chief said that the industry standards forum…

Glenmark Pharmaceuticals Inc., USA announced today the launch of Latanoprost Ophthalmic Solution, 0.005 per cent, a generic version of Upjohn’s Xalatan. This marks the company’s fourth ophthalmic product entry, targeting a market that generated approximately $113.5 million in annual sales for the 12-month period ending December 2024, according to IQVIA…

Religare Enterprises Ltd (REL), diversified financial services conglomerate, on Thursday said that its Executive Chairperson Rashmi Saluja has ceased to be a director of the company. Meanwhile, in another exchange filing said that it’s Board of Directors had at their Meeting on February 11 appointed Praveen Kumar Tripathi, Non-Executive Independent…

The Reserve Bank of India (RBI) has removed business restrictions imposed on Kotak Mahindra Bank Ltd. (KMB) following satisfactory compliance with regulatory requirements. The bank can now resume issuing credit cards and on-boarding customers through digital channels. The restrictions, implemented in April 2024, prevented KMB from acquiring new customers via…

In a battered market retail investor confidence is faltering as heightened volatility slows active client additions and new demat account openings. Data from the National Stock Exchange (NSE) reveals a significant drop in active investor numbers across major brokers, indicating that uncertainty is driving investors away. The second-largest discount broker,…

Shares of Ircon International Ltd plunged to a 52-week low of ₹159.61 on Wednesday, trading down 6.92 per cent at ₹167.40 on the NSE at 10:50 AM, after the railway infrastructure company reported a steep decline in its third-quarter profits. The Navratna PSU’s consolidated net profit fell 64.8 per cent…

SEBI on Tuesday mandated brokers to establish a separate business unit (SBU) to trade in government securities (G-Secs) through the Negotiated Dealing System–Order Matching (NDS-OM). This follows the Reserve Bank of India’s announcement at the recent monetary policy briefing to extend access of NDS-OM to non-bank brokers to facilitate retail…

Indian equity markets opened lower on Tuesday as metal stocks faced pressure following US President Donald Trump’s announcement of 25 per cent tariffs on steel and aluminum imports, while the rupee hit a record intraday low of ₹87.96 against the dollar. The benchmark BSE Sensex was trading at 77,187.89, down…

Less than a year after its listing, the Securities and Exchange Board of India (SEBI) has barred Kalahridhaan Trendz, along with its managing director Niranjan D Agarwal and two others, from the securities market for alleged lapses in material disclosures and false and misleading communications to stock exchanges. The investigation,…

Indian equity markets opened lower on Monday, weighed down by global trade concerns and mixed signals from international markets, with metal stocks leading the decline following US President Trump’s announcement of potential new steel tariffs. The Sensex opened at 77,789.30 compared to its previous close of 77,860.19 and is currently…

Share prices of Tata Steel Ltd., Bharti Airtel Ltd., Zomato Ltd., Mahindra & Mahindra Ltd. (M&M), and UltraTech Cement Ltd. emerged as the top gainers on Friday. Among the laggards were shares of ITC Ltd., State Bank of India (SBI), Adani Ports and Special Economic Zone Ltd., Tata Consultancy Services…

Equity markets closed lower on Wednesday despite the Reserve Bank of India’s (RBI) first rate cut since May 2020, as investors remained concerned about global trade tensions and continued foreign institutional investor (FII) outflows. The BSE Sensex fell 197.97 points or 0.25 per cent to close at 77,860.19, while the…

Glenmark Pharmaceuticals (₹1,543.35) Attempting a U-turn The stock of Glenmark Pharmaceuticals, which has been in a downtrend since October last year, now seems to be turning its direction northward. It has found one support at ₹1,400 bouncing against which the price is now above 50- and 100-day moving averages. While…

Shares of BSE Ltd gained 3 per cent on Friday’s trade as its net profit doubled to ₹220 crore for the quarter ended December 2024, and revenue jumped 94 per cent to ₹835.4 crore. The stock closed 2.54 per cent positive on the NSE at ₹5,709 after hitting an intraday…

The Securities and Exchange Board of India (SEBI) recently came out with a new disclosure regulation for mutual funds with regard to Risk Adjusted Returns, which should represent a more holistic measure of a scheme’s performance. It asked the fund houses to disclose Information Ratio for their schemes on daily…

Bharti Airtel’s shares jumped 5.11 per cent to ₹1,702.45 on the NSE today at 10:20 am, following the telecom giant’s strong third-quarter results announced yesterday. The company reported a 121.3 per cent year-on-year (y-o-y) increase in consolidated net income (before exceptional items) to ₹5,514 crore for Q3 FY25. The telco’s…

Target: ₹4,026 CMP: ₹3,410.75 Titan Company’s Q3-FY25 print was in-line with our estimates while higher gold coin sales and lower studded have impacted margin. Console. Revenue/EBITDA grew at 25.2/7 per cent while PAT declined by 0.6 per cent respectively. Jewellery division (excluding bullion sales) reported strong growth of 26.6 per…

Indian equity benchmarks opened marginally lower on Thursday despite positive global cues, as investors remained cautious ahead of the Reserve Bank of India’s monetary policy decision, which is expected tomorrow. The Sensex opened at 78,513.36 compared to its previous close of 78,271.28 and is currently trading at 78,157.75, down by…

Net profit of brokerages to hit by 400 basis points on account of various regulatory changes announced in the last few months said, a report by CareEdge Ratings. Per CareEdge Ratings’ latest research on stockbrokers, the industry’s revenues are likely to grow at a slower pace of 13 per cent…

Equity markets opened higher on Wednesday, extending gains from the previous session, as foreign institutional investors (FIIs) turned net buyers after 23 consecutive sessions of selling, while optimism grew over potential easing of US-China trade tensions. The Sensex opened at 78,704.60 compared to its previous close of 78,583.81 and is…

Target: ₹660 CMP: ₹506.55 Adani Power (APL) is India’s second-largest thermal power generation company after NTPC, on its journey to raise capacity by 1.7x from 17.6 GW to 30.7 GW by 2030. Land requirements and financing plans are in place. Close co-ordination with BHEL for equipment delivery and in- house…

Nahar Spinning: Net profit at Rs. 0.7 cr vs Rs loss 15.2 cr, Revenue at Rs. 812 cr vs Rs 758 cr (YoY) (Positive)  Premier Energies: Net profit at Rs. 255.2 cr vs Rs 43.2 cr, Revenue at Rs. 1713.3 cr vs Rs 712 cr (YoY) (Positive)  Sky Gold: Net…

Krystal Integrated Services Limited has received an upgrade in its credit rating from Crisil for its bank facilities. Crisil has upgraded its long-term rating to A-/stable from BBB+/positive and short-term rating to A2+ from A2. This reflects the company’s strong financial health, operational excellence and sustained business growth. The total…

Results calendar: Power Grid Corporation, Divis Laboratories, General Insurance Corporation, Tube Investment, Sundaram Finance, Aditya Birla Capital, Premier Energies, KPR Mill, NLC India, Gland Pharma, Tata Chemicals, Poly Medicure, KEC International, Garden Reach Shipbuilders, Alembic Pharma, Castrol, DOMS Inds, HFCL, Paradeep Phosphates, Shriram Pistons, Welspun Enterprises, Religare Enterprises, Man Infra,…

The exodus of Foreign Portfolio Investors (FPIs) from Indian equity markets continued unabated in January 2025, with net outflows touching ₹78,027 crore, according to depositories data. Except for one session, FPIs remained net sellers throughout the month, as the Trump trade effect drove capital away from emerging markets. Despite the…

After the stupendous rally in 2022-23, defence stocks ran out of favour in 2024. With several of the frontline defence stocks such as Hindustan Aeronautics Ltd, Mazagon Dock Shipbuilders, Bharat Electronics, Garden Reach Shipping and Engineers falling by up to 50  per cent from their peak levels, a lot of…

The Budget has raised the tax on long-term capital gains (LTCG) for listed bonds, debentures and listed preference shares to 12.5 per cent from 10 per cent for foreign institutional investors in line with listed shares and equity oriented mutual funds. “It was seen that while the rates of taxation…

Domestic markets are expected to open weak on the special day of trading. Gift Nifty ruling at 23,520 indicates a gap-down opening of about 100 points for Nifty. The special session indicates that the market will remain volatile as expectation on the Budget have been on the rise from every segment of…

Mutual funds and insurance companies continue to hold fort at the equity market and manage to prevent a sharp fall even as the foreign portfolio investors (FPIs) are dumping their investments. FPIs have been withdrawing significant investments from the Indian market as the uncertainty over the US election settling and…

Results calendar: Sun Pharma, ONGC, Nestle, Vedanta, Punjab National Bank, Cholamandalam Investment, Marico, IndusInd Bank, Vishal Mega Mart, UPL, IRB Infra, LIC Housing, Aster DM, Bandhan Bank, Poonawala Fincorp, Inox Wind, Pfizer, Triveni Turbine, Nuvama Wealth, Jubilant Pharmova, Aptus Value Housing, Jyothy Labs, Godrej Agrovet, Relaxo Footwears, City Union Bank,…

India’s stock market is witnessing a significant demographic shift, with nearly 50 per cent of new demat account holders since March 2020 being under 30 years, according to the latest National Stock Exchange (NSE) data. This surge has pushed the total number of active investors to 10.7 crore as of…

The initial public offering of Dr Agarwal’s Health Care that opened on Wednesday was subscribed 7 per cent with muted response from all category of investors. The ₹3,025 crore IPO of Dr Agarwal’s Health Care comes out with a price band of ₹382-402 and closes on January 31. Investors can…

Rashmi Saluja, Chairperson of Religare Enterprises, has moved the Delhi High Court to restrain the company from taking up the decision on her re-appointment as director at the company’s Annual General Meeting on February 7. The petition claimed that her current role as a director of REL is valid till…

Shares of Denta Water and Infra Solutions will be listed today. The company has fixed the IPO price at ₹294, at the upper end of the price band ₹279-294. According to GMP, the stock is expected to list with a premium of about ₹60-75. The ₹220.50-crore initial public offering of…

Blackstone Inc is gearing up to file the draft papers for the launch of its office-based real estate investment trust (REIT) in India, sometime in February, sources said. With a size of $700-750 million, this will be the country’s largest REIT. The US-based asset manager is also understood to have…

Sensex, Nifty, Share Prices LIVE: The short-term outlook is bullish for the Bank of India. The stock began the week on a positive note, surging 6 per cent on Monday. A complex inverted head and shoulder pattern is visible on the daily chart. The neckline support of this pattern is…

Aditya Birla Sun Life Asset Management Company has reported that its net profit in the December quarter was up 7 per cent at ₹224 crore against ₹209 crore logged in the same period last year. Income was up 30 per cent at ₹445 crore (₹341 crore). Expenses increased to ₹184…

Gift Nifty trading points to a negative opening on Monday, with the undertone remaining weak. Gift Nifty is ruling at 22,970 against the Nifty futures (Jan) value of 23,113.90 and (Feb) value of 23,246.65, signalling a gap-down opening of another 150 points. The market is slightly relieved by the initial…

LIC Mutual Fund has launched a dynamically managed Multi Asset Allocation Fund that will invest in equity, debt and gold. The New Fund Offer will close on February 7. The scheme aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, debt…

ICICI Bank reported a robust financial performance for the third quarter of fiscal year 2025, with profit after tax growing 14.8 per cent year-on-year to ₹11,792 crore. The bank’s core operating profit increased by 13.1 per cent to ₹16,516 crore, driven by steady growth across key business segments. Net interest…

Hindustan Unilever (₹2,368.90) At a long-term support The stock of Hindustan Unilever, since September last year, has been in a steady decline. In the second half of December, it formed a morning star pattern on the weekly chart, hinting at bullish reversal. However, the price fell further. That said, last…

The ₹220.50-crore initial public offering of Denta Water and Infra Solutions saw an overwhelming response subscribing 221.52 times.  The IPO, which came out with a price band of ₹279-294 a share, received bids for 116.30 crore shares against the offered 52.50 lakh shares. The IPO was entirely a fresh…

The markets experienced a significant downturn on Friday, with benchmark indices losing ground amid persistent concerns over corporate earnings and market sentiment. The Sensex shed 329.92 points, closing at 76,190.46, while the Nifty 50 depreciated 113.15 points to settle at 23,092.20. The day’s trading session began with initial optimism, but…

  The ₹220.50-crore initial public offering of Denta Water and Infra Solutions will close today for public subscription. The IPO has seen a tumultuous response by subscribing 50.63 times.  The price band for the offer is ₹279-294 a share. The IPO is entirely a fresh issue of up to 75 lakh…

Pidilite Industries stock gained 9 per cent on Thursday after reporting impressive growth volume in Q3 FY25. The stock closed 5.39 per cent higher on the NSE at ₹2,903.25, after hitting an intraday high of ₹2,997.20. The total market cap stood at ₹1,47,672.67 crore. On the BSE, the stock closed…

escription: Stock Market on 23 January 2025 | Share Market Updates – Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets. ALL UPDATES January 23, 2025 07:09 Share market live today: Economic Calendar – 23.01.2025 19:00 U.S. Unemployment Claims (Expected: 221k versus…

Shares of IndiaMART InterMESH slumped nearly 10 per cent to ₹2,065.40 on the NSE, following the Q3 results. The company recorded consolidated net profit for the quarter ended December 2024 at ₹121 crore, 48 per cent higher from ₹81.9 crore net profit in the corresponding quarter previous year. However, the…

Sensex, Nifty updates on 22 January 2025: The short-term outlook for Exide Industries is bearish. The stock has been in a strong downtrend since June last year. It was in a corrective bounce over the last one week. The 3.5 per cent fall on Tuesday indicates that the broader downtrend…

Target: ₹1,250 CMP: ₹853.20 One97 Communications (Paytm) reported ₹1,830 crore in Q3FY25 revenue (+10 per cent q-o-q) driven by sustained rise in Payments GMV (+13 per cent q-o-q) along with a sharper growth in financial services driven by higher take-rates in merchant loan disbursals (16 per cent q-o-q). Take-rate in…

Sensex, Nifty, Share Prices LIVE: The outlook is bullish for Mazagon Dock Shipbuilders. The stock has begun the week on a strong note by surging over 5 per cent on Monday. This indicates that the upmove is gaining momentum. Moving Average cross overs on the daily chart also strengthens the…

The capital market regulator has cleared six applications for initial public offering to cumulatively raise about ₹5,000 crore and returned the filings of Anand Rathi Share and Stock Brokers. Last December, Anand Rathi Share and Stock Brokers filed its Draft Red Herring prospectus with SEBI for IPO to raise up…

Home Markets Updated – January 20, 2025 at 06:51 AM. Sensex, Nifty, Share Prices LIVE: Indian benchmark indices, Sensex and Nifty, are anticipated to open positively as market participants await Donald Trump’s inauguration as the 47th U.S. president. With attractive U.S. bond yields drawing foreign investors away, the behaviour of…

Balkrishna Industries (₹2,704.40) Strong support ahead The stock of Balkrishna Industries has been gradually depreciating since August last year. But the price action indicates that the bears have lost traction in recent weeks. Going ahead, there is a possibility of further drop in price. However, the downside can be limited…

I have shares of Asian Paints bought at ₹3,075. Should I continue to hold the stock or exit? P Narayanan Nair Asian Paints (₹2,260): After oscillating in a wide sideways range for more than three years, Asian Paints share price has tumbled since October last year. The crucial support level of ₹2,700…

Thanks to the robust new fund offers (NFO) and steady inflows through systematic investment plan (SIP), mutual funds have made most of the bullish sentiments in the stock market with their average asset under management (AUM) increasing 27 per cent in December quarter to ₹68.67 lakh crore against ₹54.13 lakh…

Increased digital access, geopolitical tensions and climate-mitigation efforts are the primary trends expected to shape the future of jobs in India by 2030, according to the World Economic Forum’s Future of Jobs Report 2025. “Similar to their global peers, companies operating in the country are heavily investing in AI, robotics…

Target: ₹1,300 CMP: ₹805.65 Adani Energy Solutions (AESL) in its 3Q update highlighted that it maintained robust system availability at 99.7 per cent. The company added 225 circuit kilometer (ckm) in its transmission network taking the total to 26,485 ckm. Two new projects have boosted the project pipeline to ₹54,700…

SEBI chairperson Madhabi Puri Buch on Thursday highlighted the role of technology in transforming the capital market ecosystem. “AI is the hero of a large number of initiatives that we are in the process of deploying and is hugely democratising the ability to deploy technology within an organisation,” Buch said…

Mastek Ltd. reported its Q3FY25 results today, revealing a mixed performance. The company recorded revenue of ₹869.5 crore for the quarter ending December 31, 2024, marking a year-on-year (YoY) increase of 10.9 per cent. However, sequential revenue growth was marginal at 0.2 per cent. Net profit stood at ₹94.7 crore,…

Nate Anderson, the short-seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm, Hindenburg Research.  “There is not one specific thing — no particular threat, no health issue and no big personal issue,” Anderson wrote in…

Share prices of Zomato Ltd., NTPC Ltd., Power Grid Corporation and Kotak Mahindra Bank were the top gainers among the BSE Sensex stocks. Among the losers were shares of Mahindra & Mahindra Ltd., Bajaj Finserv Ltd., Bajaj Finance Ltd., and Axis Bank Ltd. The BSE Sensex and NSE…

The government pension fund of Norway on Tuesday sold Home First Finance shares for ₹77 crore through an open market transaction. The Norwegian Pension Fund Global is one of the world’s largest funds. According to bulk deal data on the National Stock Exchange (NSE), Government Pension Fund Global offloaded 7.50…

Indian equity markets snapped their four-day losing streak on Tuesday, with Adani stocks leading the charge while technology and consumer goods companies faced significant selling pressure. The benchmark BSE Sensex closed 169.62 points higher at 76,499.63, while the Nifty 50 gained 90.10 points to end at 23,176.05. Adani Enterprises emerged…

Shares of Standard Glass Lining Technology closed 16.68 per cent higher on the BSE at ₹163.35 against the IPO price of ₹140, even as secondary market faced heavy selling pressure. The stock opened at ₹176 and rose to a high of ₹181.70 and hit a low of ₹161. On the NSE,…

Share prices of Axis Bank Ltd, TCS, HUL, and IndusInd Bank emerged as the top gainers among the BSE Sensex stocks today. Among the major losers were shares of Zomato Ltd, Power Grid Corporation, Adani Ports & Special Economic Zone Ltd, Tata Steel Ltd, and NTPC Ltd. The BSE Sensex…

Target: ₹3,651 CMP: ₹3,089.50 Ceat seems well poised to ride the growth wave while prudently navigating the steep RM inflation trends. Demand outlook stays unchanged; high single to early double digit volume growth is likely in FY25. Going forward, focus on high-margin segments like exports, PCR (high rim sizes)…

Of late, instances of front-running scam have been on the rise. The market regulator has been unearthing case after case of front-running, including a recent one involving big fish Ketan Parekh. Front-running occurs when a trader or fund manager tries to pocket a profit from knowledge of upcoming trades from…

Bharti Airtel (₹1,615.10) About to break out Bharti Airtel’s stock has been trading in a narrow range for nearly a month. It has been oscillating between ₹1,570 and ₹1,625. Nevertheless, the broader trend is bullish and the stock retains a positive outlook despite some weakness seen since October last year.…

Notwithstanding the market regulator SEBI’s move to tighten regulations for IPOs on the SME platform, the issuances have been buoyant, with one IPO hitting the market daily in the last 10 days, and another four set to open for subscription by the next weekend. The SME exchanges — BSE SME…

Target: ₹5,870 CMP: ₹6,003.15 Tata Elxsi reported a weak top-line performance (0.4 per cent q-o-q CC), as transportation vertical (55 per cent of revenue), which had been performing well despite industry-wide challenges since past three quarters, reported soft growth of 0.5 per cent q-o-q CC in Q3FY25. European market…

Tata Consultancy Services (TCS) shares gained 6 per cent to hit an intraday high of ₹4,297 on Friday, following Q3 results and optimistic stance of brokerages. The company’s net profit increased 5.5 per cent to ₹12,380 crore in the third quarter of FY 2024-25. It also declared a dividend of…

Target: ₹76 CMP: ₹48.89 Patel Engineering (PEC) founded in 1949, is into construction of complex civil infra work like hydro power plant, tunnelling, Urban Infra, irrigation and others. It has seen multiple capex cycle in India, and currently has an order book of ₹19,100 crore (which is 4x TTM revenue).…

India’s food delivery giant Swiggy announced today that its quick commerce service Instamart will soon be available as a standalone app while continuing to operate on the main Swiggy platform. The company has also expanded Instamart’s presence to 76 cities across India. The shares of Swiggy Limited were trading at…

Even as the number of demateri­alised (demat) accounts grew in 2024, the pace of the growth has slackened in the last three months due to volatility in the stock markets. The number of demat accounts in 2024 rose by 46 million, marking an average addition of 3.8 million accounts per…

Bartronics India Limited, a fin-tech solutions provider, signed a Memorandum of Understanding (MoU) with Singapore’s PTW Group on January 8, 2025, marking PTW’s entry into the Indian semiconductor market. The agreement was signed in Hyderabad after meeting with Telangana’s IT Minister. The shares of Bartronics India Limited were trading at…

Edelweiss Financial Services has launched ₹100 crore public issue of secured redeemable non-convertible debentures of the face value of ₹1,000 each. The issue also has a green shoe option to retain another ₹100 crore, in case of oversubscription. The issue has 12 series of NCDs carrying fixed coupons and having…

Target: ₹2,450 CMP: ₹2,295.10 We upgrade IndiaMart InterMesh (InMart) to Buy from Sell earlier following a 28 per cent correction since our last published note. As expected, the stock has seen significant de-rating due to sharp deceleration in collections growth in 2QFY25 and muted paying supplier additions over the past…

The discovered price of shares of cigarette-to-soap conglomerate ITC Ltd stood at around ₹455 apiece on stock exchanges at the end of a special trading session on Monday to adjust for the spinoff of its hotels division. The stock was priced at ₹455.60 per share on NSE at 10:00 am…

TARC Limited, a Delhi-based luxury real estate developer, reported presales of ₹1,165 crore in the third quarter of fiscal year 2025, marking a year-over-year growth of approximately 1000 per cent. The company’s collections for Q3 stood at ₹181 crore, according to a regulatory filing on January 6. The shares of…

For the stock of Adani Energy Solutions (₹821.25), the short-term outlook turned positive after a recent bounce. Immediate support levels are at ₹793 and ₹697. A conclusive close below the latter will alter the short-term positive view. Nearest resistance is at ₹842. A close above this has the potential to lift Adani Energy…

I bought three lots of Sun Pharmaceutical 1860-call option (January) at an average premium of ₹60.78. Should I hold for another 2-3 weeks or exit now? – Anish Das Sun Pharmaceutical Industries (₹1,849.65): The stock broke out of the resistance at ₹1,830 in the final week of December. Technically, this served as…

HDFC Bank, India’s largest private sector lender, reported a 7.6 per cent year-on-year growth in its average advances under management to ₹26,27,600 crore for the December 2024 quarter. The bank’s retail segment showed strong performance with a 10 per cent year-on-year growth, accompanied by a 11.5 per cent expansion in…

After delivering decent returns in last two years, mutual funds want investors to temper their expectations this year given the overall economic challenges. Though last year was almost filled with optimism, Axis Asset Management has tempered its expectations. “We expect growth to remain moderate, given the fiscal consolidation and slower…

Standard Glass Lining Technology has garnered ₹123.02 crore from anchor investors ahead of its initial public offering, which opens on Monday and closes on January 8. The ₹410.05-crore IPO is a mix of fresh issue worth ₹210 crore and an offer of sale of up to 1.43 crore shares by…

Shares of KPI Green Energy fell 3.22 per cent to ₹553.95 on the BSE at 12.56 pm on Friday. The company announced that its subsidiary, Sun Drops Energia Pvt Ltd, had secured contracts to develop 32.15 MW of solar power projects for several industrial clients in India. These projects, which were…

The new year is poised to bring a significant boost to start-up public listings, with nearly 25 companies preparing to hit the public markets which is nearly double the number of new-age tech IPOs compared with 2024. The year 2025 is expected to witness a surge in IPOs as the…

Shares of ITC Ltd rose by 0.67 per cent to ₹487.15 on the BSE at 12:24 PM on Thursday, following the implementation of its long-planned hotels business demerger. The demerger, effective from January 1, 2025, has resulted in ITC transferring its entire stake in its hotel-related subsidiaries and associates to…

The total turnover in the equity derivatives segment fell to a 13-month low in December with regulatory curbs kicking in from November. Total F&O turnover for December stood at ₹43.99 crore, a 22 per cent decline over October. Index options premium turnover has dipped 30 per cent to ₹9.6 trillion…

PTC Industries’ subsidiary Aerolloy Technologies has become India’s first private company to commission a Vacuum Arc Remelting (VAR) furnace for producing aerospace-grade titanium alloy ingots. The German-manufactured facility, unveiled today in Lucknow, has an annual melting capacity of 1,500 MT and can produce titanium alloy ingots up to 1,000 mm…

The country’s benchmark indices posted their ninth straight year of gains despite a correction in the December quarter. The Sensex rose 8.2 per cent, while the Nifty 50 ended with gains of 8.8 per cent, fuelled largely by domestic liquidity. The indices have seen a near 10 per cent drop…

ITD Cementation India Limited has secured a ₹1,648-crore contract for marine construction at the upcoming Vadhvan Port in Maharashtra’s Dahanu region. The contract, announced on December 31, 2024, involves near-shore reclamation and shore protection work for the greenfield port project. The shares of ITD Cementation India Limited were trading at…

ITI Limited’s shares closed at ₹378.55, up by 15.41 per cent on the BSE. The stock hit an intraday high of ₹334.35, outpacing the broader market by 1.75 per cent. The company is expected to deliver strong quarterly results as its working capital requirements have significantly reduced from 196 days…

Aurionpro Solutions Limited announced today it has secured a contract from Delhi Metro Rail Corporation Ltd. (DMRC) to provide Automated Fare Collection (AFC) technology and equipment for its Phase I, II, and III networks. The Mumbai-based technology company will supply automated gates, validators, and card readers for various operational sectors…

I am holding Axis Bank shares at ₹810. What is the long-term outlook? Dhayaanithi M, Hosur Axis Bank (₹1,079): The broader trend is up and strong. The stock touched a high of ₹1,339 in July this year and has been in a corrective fall since then. Immediate support is at…

Nifty 50 (23,813) and Bank Nifty (51,311), largely due to the gap-up open on Monday, posted a gain of 1 and 1.1 per cent respectively last week. Here is an analysis of the futures and options data of both indices. Nifty 50 Nifty futures (January) (23,993) was up 0.8 per…

Year-end Christmas holidays may have slowed Foreign Portfolio Investors (FPIs) selling spree in Indian equities last week, while their robust investments in the primary market signalled continued confidence.  They have till December 27 net sold ₹656 crore in Indian equities through stock exchanges. FPIs have so far this month invested ₹17,331…

The average daily turnover in the cash segment of the stock exchanges is showing early signs of revival after falling steadily for the last six months. Most retail investors stayed away from the market after the sudden sharp fall prompted by the pullout of foreign portfolio investors. However, retail investors…

Bye bye 2024, welcome 2025! The year 2024, which began on a confident note, is leaving investors at a crossroads at close, with many complex issues facing them. Nifty 50 scaled an all-time high of 26,216 in September and took market-cap of Indian companies to cross $5 trillion for the…

EV maker Ola Electric’s CTO and Product Officer Suvonil Chatterjee, has quit the company, according to sources. Chatterjee, who previously worked as the design lead at e-commerce firm Flipkart, joined Ola’s mobility services in 2017 as Head of Design. He later became Chief Product Officer in 2021 and was promoted…

The initial public offering of Unimech Aerospace and Manufacturing saw a tumultuous response from all category investors, as the issue was subscribed 175.31 times on the last day of issue closing on Thursday. The ₹500-crore issue generated bids worth ₹64,731 crore. The IPO of the engineering solutions company that opened on…

EaseMyTrip, one of India’s major online travel platforms, launched its 23rd franchise store in Srikalahasti, Andhra Pradesh on December 26, 2024, furthering its retail expansion in South India’s travel market. The shares of Easy Trip Planners Limited were trading at ₹16.36 down by ₹0.11 or 0.67 per cent on the…

Metropolitan Stock Exchange has raised ₹238 crore through issuance of equity share on a private placement to a group of investors including promoters of Groww and Zerodha. The board of the exchange in a meeting held on Tuesday said it has allotted 119 crore equity share of ₹1 at a…

Indian stock markets remained closed on Wednesday due to the Christmas holiday. This was in line with many other major Asian markets, which also observed a holiday. However, a few markets in the region were open and displayed mixed trends. Japan’s Nikkei 225 saw a marginal decline during the trading…

Westbridge-backed managed workplace solutions company, IndiQube Spaces Ltd, has filed its draft red herring prospectus (DRHP) with the capital markets regulator, SEBI, to raise funds through an IPO. The company plans to raise ₹750 crore through a fresh issue of equity shares and ₹100 crore through an offer-for-sale (OFS) by…

Benchmark indices held marginal gains in Tuesday’s mid-day trading session, with the BSE Sensex trading at 78,619.22, up 79.05 points or 0.10 per cent from its previous close at 12.30 pm. The broader NSE Nifty gained 27.05 points or 0.11 per cent to trade at 23,780.50, showing resilience after a…

Target: ₹1,800 CMP: ₹944.70 IndusInd Bank is a new-generation private-sector bank. The bank has a pan-India presence, with around 2,631 branches as of Sep’23. The bank delivered a healthy performance in Q2-FY24 with PAT growing by 3 per cent q-o-q and 22 per cent y-o-y. NII growth was mainly…

JBM Ecolife Mobility Pvt Ltd, a subsidiary of JBM Auto Ltd, has won a ₹1,800-crore contract for procurement, operation and maintenance of 343 electric buses for Ahmedabad Janmarg Ltd and other leading corporates. The company in a filing with the stock exchanges said the orders for ‘Ahmedabad BRTS, Ahmedabad Municipal Transport…

The institutional flow in the Indian equity markets will remain a driving force in the calendar year 2025, as it witnessed robust institutional flows of nearly ₹4 lakh crore in 2024, the ICICI Securities anticipated. The institutional liquidity flow has been a cornerstone for the markets’ outperformance. It anticipated that…

The combined market valuation of all the top-10 most valued firms slumped ₹4,95,061 crore last week, in line with a bearish trend in equities, where Tata Consultancy Services and Reliance Industries faced the sharpest erosion. Last week, the BSE benchmark tanked 4,091.53 points or 4.98 per cent. “The Indian equity…

Apollo Tyres (₹532.50) At the top of a range The stock of Apollo Tyres peaked in February after it faced a barrier at ₹555. Since then, it has largely been trading in the broad range of ₹465-555, except for a brief move to mark a high of ₹584.65 in September.…

Ninety-one companies have raised ₹1.29 lakh crore from qualified institutional placements (QIPs) this year, a record for any calendar year. This is 2.5 times the amount raised in CY23 and 1.6x the amount raised in CY20, the previous best mop-up. The top 10 companies have contributed roughly half of the…

Freshworks’ founder Ratna Girish Mathrubootham has sold shares worth $40 million on the Nasdaq, according to the company’s filing in the US Securities and Exchange Commission. The sale happened on December 18 and 19, the filing says. On December 18, Mathrubootham sold 8.35 lakh shares worth $14 million. The filing…

Nucleus Software, an Indian provider of digital lending and transaction banking solutions, has appointed Mukul Agrawal as Regional Sales Head for Southeast Asia (SEA). The announcement was made today as part of the company’s strategy to strengthen its senior leadership in the region. The shares of Nucleus Software Exports Limited…

Shares of Inventurus Knowledge Solutions Ltd (IKSL) made a stellar listing at the bourses on Thursday. Compared to the IPO price of ₹1,329, the stock listed at ₹1,900 on the NSE and rose further to a high of ₹2,031 and closed at ₹1,960.85, reflecting a gain of 47.54 per cent…

OLX India, an online classifieds platform, has entered into a partnership with online travel company EaseMyTrip to introduce travel booking services on its platform. The collaboration will integrate a new ‘Travel’ section on OLX, allowing its 35 million monthly active users to book flights, hotels, and holiday packages. The shares…

The SEBI board on Wednesday tightened norms for SME firms going public and merchant bankers, while broadening the definition of unpublished price sensitive information (UPSI) to include more material events. SME firms can make a public offering only if the issuers have an operating profit of ₹1 crore from operations…

Indian equity markets experienced a downturn during midday trading on Wednesday, with the Sensex and Nifty both showing negative momentum as investors remain cautious ahead of key economic signals. The Sensex, which opened at 80,666.26, has declined by 482.68 points, trading at 80,201.77, representing a 0.60 per cent drop. Similarly,…

Ventive Hospitality, a joint venture between Blackstone and Panchshil Realty, will launching its initial public offer on December 20, with a price band in the range of ₹610-643 a share. The company has scaled down its IPO size from its originally planned ₹2,000 crore to ₹1,600 crore as it felt…

Shares of Vedanta Limited declined 1.53 per cent to 505.55 on the BSE at 10.53 am today. The company on December 16 approved the interim dividend of ₹8.5 per equity share on face value of ₹1 per equity share for the Financial Year 2024-25 amounting to ₹3,324 crores. According to…

HDFC Bank has received an administrative warning letter from the markets regulator regarding non-compliance with certain provisions of the SEBI Listing Regulations regarding the resignation of Arvind Kapil, a senior management employee of the Bank. The regulator said there was a delay of three days in disclosing information regarding Kapil’s…

The shares of Enviro Infra Engineers Limited were trading at ₹316.92 up by ₹22.51 or 7.65 per cent on the NSE today at 12:55 pm. Infrastructure firm EIEL has scheduled a critical board meeting on December 18, 2024, to review and approve the standalone and consolidated unaudited financial results for…

Vishal Mega Mart’s initial public offer was subscribed over 27 times on the last day of the issue with bids coming in for over 2,064 crore shares as against the 75.7 crore shares on offer. An overwhelming number of bids came in from qualified institutional buyers (QIBs), the portion being…

Five of the 10 most valued firms added ₹1,13,117.17 crore to their total market valuation last week with Bharti Airtel stealing the show. Read also: Airtel expands with AI data centres and high-altitude network, shares rise  While Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank and Infosys were…

Astra Microwave Products (₹833.10) Cracks a key resistance The stock of Astra Microwave Products formed a higher low last month. As the price moved up in the recent weeks, it surpassed both 50 and 200-day moving averages as well as the resistance at ₹820. The prevailing price action shows strong…

The ₹572-crore initial public offering of One MobiKwik Systems saw an overwhelming response from all categories of investors who subscribed at 119.38 times. The offer that came out with a price band of ₹265-279 a share received bids for 141.73 crore shares against 1.187 crore shares. The entire IPO is…

TPG Capital-backed initial public offering of Sai Life Sciences closed with a subscription figure of 10.26 times. The ₹3,043-crore IPO comprised a fresh issue (₹950 crore) and an offer-for-sale of 3.81 crore shares valued at ₹2,092 crore. The price band of the issue was ₹522-549. Under the OFS, one of…

Shares of Tata Motors fell 0.24 per cent to 784.50 on the NSE at 12:25 pm today. Tata Motors, India’s leading commercial vehicle manufacturer, announced a price hike of up to 2 per cent across its entire range of trucks and buses, effective January 1, 2025. Read more: Tata Motors…

Emkay Global Target: ₹2,950 CMP: ₹2,188.40 Shriram Pistons (SPRL) has entered an agreement for acquiring 100 per cent shareholding in TGPEL Precision Engineering (TGPEL), a manufacturer of high precision injection molds and components, at an EV of ₹220 crore on a debt-free, cash-free basis (expected to close by end December…

Marico Limited, a leading Indian FMCG company, announced significant progress in its sustainability efforts on National Energy Conservation Day. The company revealed that 67.4 per cent of its operational energy requirements are now sourced from renewable energy, with a breakthrough in thermal energy sourcing. The shares of Marico Limited were…

Equirus Wealth has surpassed ₹10,000 crore in assets under management (AUM). In a release on Wednesday, the wealth management firm said this achievement reflects the firm’s strong growth trajectory, with AUM doubling in just 18 months, and highlights its ability to provide innovative investment solutions that cater to the diverse…

The Indian stock markets continue to be in a consolidation phase as both indices opened flat on Wednesday. The Nifty 50 index opened at 24,620.50 points with a surge of 10.45 points or 0.04 per cent, while the BSESensex opened at 81,568.39 with a gain of 58.34 points or 0.07…

Target: ₹1,080 CMP: ₹737.85 We believe that Anant Raj’s (ARCP) entry into cloud operations can be an inflection point for the company, which is looking to further move up the chain from its core colocation business in the Data Centre vertical. While capex intensity goes up in this model, the…

Tejas Networks has secured a three-year contract with Vodafone Idea Limited (VIL) to supply critical network infrastructure products for the telecom operator’s 4G and 5G rollout strategies, the company announced today. The shares of Tejas Networks Limited were trading at ₹1,331.95 down by ₹5.20 or 0.39 per cent on the…

Torrent Power Ltd on Monday announced successful completion of its ₹3,500 crore (approximately $413.20 million) Qualified Institutions Placement (QIP). “The issue garnered significant response from investors including domestic mutual funds, global investors and insurance companies, demonstrating their strong confidence in the Company’s fundamentals and India’s power sector. The QIP saw…

Shares of One 97 Communications were up 0.47 per cent to ₹980.40 on the BSE at 10.54 am today, after the parent company Paytm (Singapore) approved the sale of Stock Acquisition Rights (SARs) in PayPay Corporation, Japan, to the SoftBank Vision Fund 2 for net proceeds of ₹2,364 crore. The…

Nifty 50 (24,678) and Bank Nifty (53,510) broke through key barriers last week and recorded a gain of over 2 per cent each. The derivatives data of the indices indicate that there has been good buying interest, keeping the door open for further upside. Nifty 50 Nifty futures (December) (24,783)…

Long-term investors can buy the shares of HDFC Bank (₹1,856) at current levels. The prolonged consolidation in the stock has come to an end. The strong rise and close above ₹1,800 last week have confirmed the range breakout. Before the recent rise, HDFC Bank’s share price oscillated between ₹1,270 and…

The outlook for the stock of Kalyan Jewellers India (₹730.50) remains positive. Immediate resistance is at ₹754. A close above this can trigger a fresh rally. Conversely, the stock finds its nearest support at ₹685 and ₹655. As long as the stock rules above ₹540 there is no threat to the…

Fintech major MobiKwik has reduced its initial public offering (IPO) size to ₹572 crore from ₹700 crore due to volatile market conditions and higher scrutiny by the regulator over fintech players, sources say. The fintech firm has set IPO price band at ₹265-279 per share, with subscriptions opening on December…

With plans to list its Indian arm, LG Electronics India, South Korean consumer durables major LG Electronics Inc on Friday filed a draft red herring prospectus with market regulator SEBI for an IPO go ahead for a public listing at the Indian bourses. The issue, which is completely offer for…

Shares of Suraksha Diagnostic will be listed at the bourses on Friday. The company has fixed the IPO price at ₹441, at the upper end of the price band ₹420-441. The company hit the capital market with an ₹846.25-crore initial public offering that was subscribed by 1.27 times. The public…

Stock exchanges have set up an online Document Repository platform that would enable merchant bankers to upload and maintain records and documents relied upon by bankers while conducting their due diligence on public issues electronically. The platform is intended to facilitate easier access to documents pertaining to the public issue…

Vodafone Group is selling its remaining 3 per cent stake in Indus Towers to repay the company’s outstanding borrowings of around $101 million, secured against its Indian assets, the company said in a London stock exchange filing. “Vodafone has launched a placing of its remaining 79.2 million shares in Indus…

 World’s largest alternative asset manager Blackstone Inc and real estate developer Sattva Group are close to filing the initial draft papers for the listing of an office real estate investment trust (REIT), comprising around 50 million square feet of commercial assets, to raise around $750-800 million, sources said. Blackstone’s assets…

Markets opened on a cautiously optimistic note on Wednesday, with the Sensex and Nifty showing marginal gains, while investors closely monitored global economic indicators and upcoming domestic policy decisions. The Sensex opened higher at 81,036.22 from its previous close of 80,845.75 and is currently trading at 81,168.92 as of 9.45…

SEBI has proposed a framework to help stock exchanges to do online monitoring of system audit of stock brokers. In a consultation paper issued on December 3, the regulator said that this framework will make the auditor more responsible for the system audit, ensure that the auditor is physically visiting…

Markets opened with mixed sentiment on Monday, December 3, 2024, reflecting a delicate balance between economic challenges and potential policy interventions. The Sensex opened higher at 80,529.20 from its previous close of 80,248.08 and is currently trading at 80,380.63 as of 9.45 a.m, up by 132.55 points or 0.17 per…

RBI bank stock hit 52-week low of ₹147.55 today on BSE announcing that itwill cease issuing co-branded credit cards in partnership with Bajaj Finance. However, the bank will continue to service the existing 3.4 million co-branded credit cards issued under this partnership.  As reported by businessline, this decision will not…

The Indian stock market opened on a subdued note on Monday, with the Sensex and Nifty experiencing marginal declines as investors digested mixed economic signals and awaited key policy developments. The Sensex opened slightly lower at 79,743.87 from its previous close of 79,802.79 and has continued to decline, trading at…

Shares of GAIL (India) gained 1.02 per cent to ₹198.85 after the company signed a long-term time charter contract with Kawasaki Kisen Kaisha (“K” LINE) for a new-built LNG ship. The vessel is expected to start operations in 2027.  This strategic move will involve the construction and deployment of a…

The Securities and Exchange Board of India on Thursday unveiled a set of measures to ensure seamless trading on stock exchanges during technical outages. Under the new framework, which will take effect in April 2025, the BSE and NSE will act as alternative trading venues for each other during outages.…

BHEL (₹251.10) Bulls gaining traction The stock of Bharat Heavy Electricals Limited (BHEL) has been in a correction phase since July. The bulls faced roadblock at ₹330, lost traction, and what followed has been a fall in price. However, the price band of ₹200-220 is a considerable demand zone. The…

Target: ₹1,800 CMP: ₹1,098.70 We reiterate our positive stance on Gulf Oil Lubricants India Ltd (GOLI), led by steady core volume growth (8 per cent core volume CAGR over FY24-27E, over 2x of industry growth), and a 13-14 per cent EBITDA margin profile supported by premiumisation efforts, brand building, input…

Target: ₹550 CMP: ₹432.75 Aadhar Housing Finance (Aadhar) was amongst the first few AHFCs to get HFC licence, way back in 2010, and since then its execution track record under the leadership of Deo Shankar Tripathi (Executive VC) and Rishi Anand (MD & CEO) has been superior. It delivered 18…

From today, the derivative segment sees the addition of 45 stocks including Adani Energy Solutions, Adani Green Energy, Adani Total Gas, Zomato, Jio Financial, Paytm, Delhivery and Avenue Supermarts. The new entrants will be available for trading in the F&O segment from November 29, the exchanges said. Some of the…

The stock market experienced a significant downturn on Thursday, with benchmark indices Sensex and Nifty falling sharply amid global economic concerns and uncertainty about future interest rate cuts. The Sensex plummeted 1,190.34 points or 1.48 per cent to close at 79,043.74, while the Nifty 50 ended 360.75 points or 1.49…

Domestic markets are expected to see a flat opening on Thursday, with a downward bias amidst mixed global cues. Today is the settlement day for derivate contracts on the NSE, so analysts expect individual stocks to see higher volatility. The market has been in consolidation mode in the last few…

Target: ₹2,666 CMP: ₹1,792.15 In the extremely volatile PVC pricing context. Astral’s performance was decent though revenue was up only 0.5 per cent to a muted ₹1,370 crore. Despite the challenging situation, the gross margin held y-o-y at a stable 38.9 per cent. Cost front-loading in certain businesses at early…

Domestic markets are expected to open on marginally in the green on Wednesday, amid mixed global cues.  Mandar Bhojane, Research Analyst, Choice Broking, said: In summary, the Nifty remains in a consolidation phase. The India VIX, a key measure of market volatility, rose marginally by 0.02 per cent, closing at…

The ₹650.43-crore IPO of Enviro Infra Engineers closed on a strong note as all categories of investors made aggressive bidding, taking the overall subscription to 89.90 times. The IPO, that came out with a price band of ₹140-148, received bids for 276.83 crore shares against 3.08 crore shares on offer.…

Domestic markets are expected to open flat on Tuesday, with a downward bias. After a sharp rally in the last two days, analysts expect some moderation. The Nifty futures at Gift Nifty is ruling at 24,280, against the Nifty Dec futures value of 24,421 and the Nov future value of 24,273.…

Target: ₹240 CMP: ₹226.80 Q2-FY25 standalone revenues of ₹4,807 crore (up 19.7 per cent y-o-y; down 10.6 per cent q-o-q) was inline with our estimates as the realisation was up 17.7 per cent y-o-y and down 7.6 per cent q-o-q. Iron ore volumes of 9.7 million tonnes rose only 1.8…

Domestic broking house Emkay Global Research has revised down its December 2025 Nifty target by 4 per cent to 25,000 from 26,000 amid valuation concerns and weak consumption demand. “We cut our Nifty target by 4% to 25,000 from 26,000, despite a 3M rollover to Dec-25. This is a reaction to…

The primary market is expected to remain vibrant, with at least 10 companies, including supermart major Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd expected to raise a combined ₹20,000 crore in the next month, merchant bankers said. Education-focused NBFC Avanse Financial Services, TPG Capital-backed…

Target: ₹685 CMP: ₹614.35 On November 19, PSP Projects entered into a Share Purchase Agreement (SPA) with Adani Infra India for the sale of up to 30.07 per cent of the company’s paid-up share capital, amounting to ₹685 crore for ₹575 per share. Under the execution of the SPA, the…

Global Health (₹1,114) Set to breakout Bears maintained dominance in the stock of Global Health between June and early October. Consequently, the price slumped from ₹1,380 to mark a ten-month low of ₹935.5 in October. But since hitting the low, there has been a loss of downward momentum. Moreover, the chart…

The Securities and Exchange Board of India (SEBI) has proposed to overhaul the processes of appointing key management personnel by market infrastructure institutions (MIIs) such as stock exchanges, clearing corporations, and depositories. The regulator plans to align their appointments with that of the managing director (MD) who is appointed by…

The initial public offering of Bengaluru-based C2C Advanced Systems saw a strong response from all categories of investors on the NSE-Emerge with over one lakh retail investors evincing interest on day 1 on Friday. The SME-IPO, that comes out with a price band of ₹214-226, closes on November 26. The…

Domestic markets are likely to on open positive note on Friday. Markets that were reeling under pressure following indictment of Gautam Adani by the US court are expected to see a positive opening, thanks to strong global cues and vigorous buying by domestic institutions. Gift Nifty 23,440 signals nearly a…

Market experienced significant turbulence on Thursday, with benchmark indices Sensex and Nifty closing lower amid a dramatic selloff triggered by the U.S. Department of Justice’s indictment of Adani Group chairman Gautam Adani. The Sensex closed at 77,155.79, down 422.59 points or 0.54 per cent, while the Nifty 50 declined 168.60…

Adani group stocks, especially focussing on energy segment, will be in focus, as the US prosecutors charged Gautam Adani with participating in a scheme that involved promising to pay more than $250 million in bribes to Indian government officials to secure solar energy contracts.  Prosecutors in Brooklyn, New York, alleged…

NTPC Green Energy Ltd. (NGEL), the renewable energy arm of NTPC, has launched its initial public offering (IPO) to raise ₹10,000 crore. The issue was subscribed 33 per cent so far and concludes on November 22, 2024. Marwadi Financial Services has issued a “Subscribe” rating for the IPO, citing the…

Equity benchmarks closed higher on Tuesday, snapping a seven-day losing streak, though gains were trimmed in late trading hours amid escalating geopolitical tensions between Russia and Ukraine. The S&P BSE Sensex ended at 77,578.38, up 239.37 points or 0.31 per cent, while the NSE Nifty 50 settled at 23,518.50, gaining…

Target: ₹678 CMP: ₹590.95 Marico is a leading Indian FMCG company with exports to over 25 countries. The company’s product portfolio includes brands such as Parachute, Saffola and Livon. In Q2FY25, Marico’s revenue increased 7.6 per cent y-o-y to ₹2,664 crore, as underlying volume grew 5 per cent in the…

Sensex, Nifty, Share Prices LIVE: The outlook is bearish for Mphasis. The stock has begun the week on a weak note. The 3 per cent fall on Monday marks the end of the consolidation that was in place since the beginning of this month. It also indicates the resumption of…

Shares of National Aluminium company limited (NALCO) gained above 9 per cent on November 18 as the consolidated net profit quintupled to ₹1,062 crore for the second quarter ended on September 30, 2024, compared to ₹ 206 crore of the same period of the previous year. NALCO’s shares gained 9.39…

Sensex, Nifty, Share Prices LIVE: The Indian benchmark indices continue to get beaten down. Sensex, Nifty 50 and the Nifty Bank index were all down over 2 per cent each. Among the sectors, barring the BSE IT index, which was up marginally by 0.25 per cent, all others fell last…