Target: ₹2,538 CMP: ₹1,579.95 In Q2 FY25, Affle (India) reported a strong topline growth of 26 per cent y-o-y, delivering 95 million conversions at a CPCU rate of ₹57.1. This resulted in CPCU revenue of ₹541.60 crore, reflecting an increase of 35.2 per cent on a y-o-y. During the quarter,…

DCM Shriram (₹1,302.85) Positive momentum seen The stock of DCM Shriram has been appreciating gradually ever since it found support at ₹750 in April 2023. The chart shows that it has been moving across a broad rising channel. Over the past few weeks, the stock seems to have gained good momentum,…

The Initial Public Offering (IPO) of NTPC Green Energy Ltd (NGEL) is set to open on November 19. SBI Securities in its latest report says, given the company’s robust growth potential, analysts recommend subscribing to the IPO at the cut-off price for long-term gains. “We recommend investors to subscribe to…

Chennai-based CIEL HR Services Ltd. (CIEL HR), which provides technology-driven HR solutions, plans to file for an initial public offering (IPO), expected to raise around ₹450 crore, according to industry sources. The public offer is expected to comprise a fresh issue of around ₹350 crore and an Offer for Sale…

Benchmark indices Sensex and Nifty after smashing many record peaks this year, slipped into a correction mode, with the NSE key gauge falling over 10 per cent from its record high hit in September amid concerns of foreign investors fleeing the domestic market, weak Q2 earnings and stretched valuations. The…

Both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will remain closed on Friday, November 15, on account of Guru Nanak Jayanthi. All trading activities — including equity, equity derivatives, and securities lending and borrowing (SLB) segments — will remain shut on November 15. The exchanges will resume…

The benchmark indices closed lower on Thursday, marking their sixth consecutive session of decline, as selling pressure persisted in FMCG and oil & gas stocks, while the auto and realty sectors showed resilience. The BSE Sensex fell 110.64 points or 0.14 per cent to close at 77,580.31, while the NSE…

Benchmark indices fell for the fifth straight session on Wednesday, entering correction territory, amid a sharp surge in domestic inflation, firm dollar and rising US bond yields. Wednesday also marked the end of of the popular trading instrument – Bank Nifty weekly contracts. October retail inflation soared to a 14-month…

Target: ₹600 CMP: ₹626.80 Hindalco delivered a strong upstream performance that is on a firm foot vs a starkly different downstream performance with bleak near-term outlook for Novelis, balancing out one another in Q2 and resulting in EBITDA beat of 9.5 per cent at business segment level. On Novelis, there…

Target: ₹3,100 CMP: ₹2,677.90 Doms Industries has reported another strong quarter amid a slowdown in the broader consumption space. Its Q2-FY25 revenue/EBITDA/PAT growth at 20/32/43 per cent y-o-y were ahead of BNP Paribas expectation. We raise our FY25-27E EPS by 3-5 per cent and expect Doms to double its earnings…

Equity benchmark indices Sensex and Nifty slumped 1 per cent each on Tuesday due to widespread selling pressure amid uninterrupted foreign fund outflows and sluggish global trends. The BSE benchmark Sensex tumbled 820.97 points or 1.03 per cent to settle at 78,675.18. During the day, it plunged 948.31 points or…

SEBI has asked qualified stock brokers (QSBs) to provide their clients trading supported by blocked amount in the cash segment using the UPI block mechanism or the 3-in-1 trading account, in addition to the current mode of trading, from February 1. The QSBs’ clients will have the option to either…

Indian equity benchmarks concluded Monday’s session nearly unchanged after witnessing significant intraday volatility, with the BSE Sensex marginally gaining 9.83 points or 0.01 per cent to close at 79,496.15, while the NSE Nifty 50 ended slightly lower by 6.90 points or 0.03 per cent at 24,141.30. The markets opened…

Food delivery and grocery major Swiggy’s initial public offering has been oversubscribed by 3.59 times after a tepid response in the first two days. The qualified institutional buyers (QIBs) portion was booked 6.02 times — the highest, NII portion was booked 41 per cent and the retail investor’s portion…

Target: ₹600 CMP: ₹459.15 Aadhar Housing Finance (Aadhar) delivered a strong quarter with a PAT beat of 9 per cent JMFe at ₹230 crore (+15 per cent y-o-y, 13.7 per cent q-o-q) driven by: strong AUM growth of (+5 per cent q-o-q, +20.8 per cent y-o-y) at ₹22,800 crore led…

Target: ₹430 CMP: ₹338.15 Aptus Value Housing Finance reported earnings of ₹180 crore (in line with our estimates), up 23 per cent y-o-y and 6 per cent q-o-q. AUM was up +27 per cent y-o-y, within the guided range of 25-30 per cent with disbursements up 26 per cent y-o-y…

The Indian stock markets continue to feel the pressure from sustained selling by foreign portfolio investors (FPIs). According to the National Securities Depository Ltd (NSDL) data, FPIs have offloaded equities worth a significant ₹19,994 crore in just the first five trading sessions of November, intensifying concerns about market stability. The…

The new breed of un-registered ‘finfluencers’ indulging in malpractices such as paid promotion, front-running, duping investors through fancy products have been on the rise. Through social media channels they not only rob gullible investors but also put the trading system at risk. Amid growing concern over the potential risks associated…

Imagicaaworld Entertainment Limited today unveiled a 10,000-square-foot indoor neon trampoline park at its theme park complex in Khopoli, marking the company’s latest expansion in its entertainment offerings. The new facility, named Imagicaa Arena, will open to the public on November 10, 2024. The shares of Imagicaaworld Entertainment Limited were trading…

M Damodaran, Chairperson of Excellence Enablers and Former Chairman of SEBI, has made a case for revisiting the r selection and appointment process for  persons in regulatory positions. According to him, nothing in law prevents a person from the private sector from heading a regulatory organisation, and there have been…

Aurionpro Solutions, a leading technology provider, has secured a significant contract from Chennai Metro Rail Corporation Limited (CMRL) to deliver automated fare collection (AFC) systems for Phase II of the Chennai Metro. The shares of Aurionpro Solutions Limited were trading at ₹1,665 down by ₹30 or 1.77 per cent during…

The relentless selling by foreign portfolio investors in Indian equities has not deterred promoters, private equity investors and other investors from monetising their stakes in companies and sell-downs through bulk and block deals have doubled in 2024 year to date at over $67 billion. In the same period last year,…

Bharti Airtel marked two significant expansions on November 6, with its subsidiary Nxtra becoming India’s first AI-powered data centre operator and the company extending mobile connectivity to strategic military outposts along the Indo-China border. The shares of Bharti Airtel Limited were trading at ₹1,591.60 up by ₹13.20 or 0.84 per…

The number of filings for initial public offerings (IPOs) this year has touched a record, surpassing the previous high set three years ago. Total filings until October stood at 132, higher than the 126 seen in the whole of 2021. The September quarter alone saw 75 filings. Growth drivers The…

Solar Industries India Limited has secured an order worth ₹887 crore from Singareni Collieries Company Limited for the supply of explosives and initiating systems, the company announced today. The contract, to be executed over two years, involves the supply of SME explosives, LDC explosives, and initiating systems for overburden blasting…

The Securities and Exchange Board of India (SEBI) has passed an interim order directing the suspension of Aravind Maiya, from acting as the chief executive officer of Embassy Office Parks Management Services, the manager to Embassy Office Parks REIT, in connection with the audit of a funds diversion case by…

The shares of Afcons Infrastructure, the flagship of the Shapoorji Pallonji group, listed at an 8 per cent discount to its IPO issue price but then gained and went to an intra-day high that was over 12 per cent higher than the listing price. The stock opened at ₹426, and…

The combined market valuation of 6 of the top-10 most-valued firms surged ₹1,07,366.05 crore last week, with State Bank of India and ICICI Bank becoming the biggest gainers. Leading stock exchanges BSE and NSE conducted a one-hour special ‘Muhurat Trading’ session on the occasion of Diwali on November 1, marking…

The November 5 US presidential elections, Federal Reserve interest rate decision, trading activity of foreign investors, and the upcoming quarterly earnings from domestic firms are the major triggers that would influence sentiments in the Indian equity market this week, analysts said. In an eventful week ahead, a host of macroeconomic…

I have shares of Infibeam Avenues. My purchase price is ₹42. Should I continue to hold or exit with loss? Rahul Infibeam Avenues (₹29.25): The stock has come down sharply after making a high of ₹41 this year. On the chart, the bias is negative with a strong resistance in…

The lingering concern on market valuations has aggravated with 34 Nifty companies reporting flat net profit, while their sales have grown 5 per cent, with EBITDA growth of just one per cent. As of October-end, 34 of the 50 Nifty companies have announced their results. Nine reported profits that were…

The benchmark Sensex rose by 335.06 points, or 0.42 per cent, to settle at 79,724.12 in a special Muhurat trading session on Friday, starting the new Samvat 2081 on a high note. Stock exchanges BSE and NSE conducted a special Muhurat trading session from 1800 hrs to 1900 hrs on…

Real estate has been one of the best performing sectors and over the last one-year period it has given absolute returns of over 63 per cent, outperforming several other sectors as well as the benchmark Nifty50 that has appreciated by 27.5 per cent. The real estate index includes  all the…

Indian equity benchmarks closed lower on Thursday, dragged down by heavy selling in technology stocks, with the BSE Sensex falling 553.12 points and the NSE Nifty declining by 135.50 points amid weak global cues and monthly derivatives expiry. The 30-share BSE Sensex ended at 79,389.06, down 0.69 per cent,…

Vintage Coffee Private Limited, a wholly owned subsidiary of Vintage Coffee and Beverages Limited (VCBL), commenced commercial production of its fully automated packaging line at its Hyderabad-based instant coffee manufacturing facility today. The project has been completed ahead of its planned January 2025 timeline. The shares of Vintage Coffee and…

Capital market regulator SEBI has proposed to stop uploading scheme information documents (SIDs) on NFOs on its website in draft format and make it public only after its observations are passed. It also wants to keep the window for seeking investors comments on SIDs for five days and wants MFs…

India’s largest carmaker Maruti Suzuki’s shares rose over 4 per cent to ₹ 11,456.80 on the BSE today, despite reporting a 17 per cent decline in its standalone net profit for the September 2024 quarter at ₹3,069 crore. Suzuki Motor Corporation in Japan today announced a collaboration with Toyota in…

Shares of Elcid Investments, an investment company, rose a staggering 6.7 million per cent on Tuesday to ₹2,36,250 apiece, surpassing MRF as the highest-priced stock in India in absolute terms. This was after a special call auction “with no price bands” was held for the stock that last traded at…

Indian equity benchmarks traded in the red during Tuesday afternoon trading, with the Sensex falling below the psychological 80,000 mark after opening flat, while banking stocks showed strength amid mixed market breadth. The BSE Sensex declined 411.67 points or 0.51 per cent to 79,593.37 at 12:30 pm, after opening at…

Target: ₹1,500 CMP: ₹1,292.65 ICICI Bank has reported six glorious years of performance since Sandeep Bakhshi took charge as MD & CEO on October 15, 2018. The bank has consistently beaten street estimates on one or the other metric, even as the macro environment changed considerably over the years. Just…

HCLTech’s Global Cyber Resilience Study 2024-25, released today, reveals that 81 per cent of security leaders anticipate cyberattacks on their organizations in the next year, while only 48 per cent feel confident in their ability to prevent them. The study, which surveyed over 1,500 leaders across North America, Europe, and…

Foreign institutional investors (FIIs) have pulled out a massive ₹20,024 crore from Indian equities this week alone, resulting in a 2.5 per cent dip in the key stock indices, Nifty and Sensex. Data from the National Stock Exchange (NSE) shows that FIIs have been reducing their exposure to Indian markets…

Indian food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25 per cent below the initial goal of $15 billion as market volatility and the lacklustre debut of Hyundai India weigh on sentiment, two sources said on Sunday. BlackRock and Canada Pension Plan Investment Board (CPPIB)…

Crompton Greaves Consumer Electricals (₹392.25) Confirms Head & Shoulder The stock of Crompton Greaves Consumer Electricals, after marking a high of ₹483.65 in early September, has been on a steady downtrend. An attempt for a recovery a couple of weeks ago did not sustain. The scrip resumed the fall after facing…

Shares of IndusInd Bank plummeted 19.82 per cent to ₹1,025.30 on the BSE on Friday during intra-day after it reported an unexpected drop in its second-quarter profit, and said it would miss its full-year loan growth target.  The Q2 profit fell due a rise in bad loans from its microfinance…

Indices fell for the fifth straight session on Friday to near two and half month lows amid relentless selling by foreign portfolio investors (FPIs), weak second quarter results and rising treasury yields in the US. FPI selloff in the cash market in October nudged past ₹1 lakh crore, the first…

Shares of IndusInd Bank tumbled nearly 19 per cent on Friday, set for their worst day in over four years after the lender warned it would miss its full-year loan growth target, becoming the latest lender to flag the stress in microfinance loans. The bank also posted an unexpected drop…

SEBI’s recent circular on investments from land bordering countries through alternative investment funds (AIFs) may add another layer of complexity in the manner in which Press Note 3 (PN3) norms are interpreted for such funds. PN3, issued in 2020 by DPIIT, necessitated prior government approval for foreign direct investment (FDI)…

Indian equity markets opened on a subdued note Thursday amid persistent foreign investor selling and mixed global cues, with the BSE Sensex starting at 80,098.30 and NSE Nifty at 24,412.70. Foreign institutional investors (FIIs) have pulled out a massive ₹93,088 crore from Indian equities in October so far, according to…

Foreign portfolio investors (FPIs) continued their record selling spree, offloading shares worth ₹5,684 crore on Wednesday. This takes the total selloff for the month of October to $10.61 billion, data from NSDL showed. The early rally in IT stocks was quickly erased by a sharp sell-off in financials, leading to…

The initial public offering (IPO) of Deepak Builders and Engineers will also close today. The IPO has generated a strong response from all category of investors with issue being subscribed 12 times so far.  The company has fixed the price band at ₹192-203 with market lot being 73 shares. The…

A senior SEBI official reiterated the regulator’s concern on the increased retail participation in derivative products and SME IPOs. “Increased retail participation in derivative segment and other risky products is a matter of concern. While it signifies growing confidence among individual investors, it also necessitates caution and the need for…

yundai Stocks Today, Hyundai Shares Live, Hyundai Motors India IPO listing today: Shares of Hyundai Motor India were listed on the NSE and BSE at ₹1,934 and ₹1,931, respectively, a discount of 1.3% against the issue price of ₹1,960. Meanwhile, global brokerage Macquarie has initiated coverage on Hyundai Motor India…

A sharp 1,000 points fall in benchmark Nifty50 since October 1 has weighed in on the annual return generated by pension funds on NPS monies parked in equity schemes. As against an annual return of near 40 percent recorded as of September 28, the return from equity schemes has moderated…

The initial public offering (IPO) of Deepak Builders and Engineers opens today for public and close on October 23. The company has fixed the price band at ₹192-203.  The ₹260.04 crore consists of a fresh issue worth ₹217.21 crore and an offer for sale of ₹42.83 crore.  Promoter Deepak Kumar Singal and…

Indel Money Ltd, a non-deposit taking NBFC in the gold loan sector has announced the fifth public issue of Secured NCDs of face value of ₹1,000 each. The issue opens on Monday, October 21 and closes on November 4 with an option of early closure in case of early over…

I’m holding two lots of Axis Bank 1180-call options. Average buy price is ₹21. Should I hold or exit the trade? Vivek S Axis Bank (₹1,196.9):  The stock of Axis Bank bounced off the support at ₹1,130 last week. It witnessed a sharp rally on Friday, which led to the…

FPIs aggressively sold Indian equities, withdrawing a record ₹77,701 crore ($9.25 billion) up to October 18, depositories data showed. They have been net sellers in all 13 trading sessions this month. This marks a sharp contrast to September 2024, when FPI inflows reached a nine-month high of ₹57,724 crore. October’s…

The National Pharmaceutical Pricing Authority (NPPA) has issued a demand notice to Torrent Pharmaceuticals Limited for launching a new drug without prior price approval, imposing a penalty of ₹6,32,689. The notice, dated October 17, 2024, was issued under paragraph 15 of the Drug Price Control Order 2013. The shares of…

Krishna Institute of Medical Sciences (KIMS) has signed a Memorandum of Understanding with Wipro GE Healthcare for medical technology procurement worth up to ₹700 crore. The three-year agreement, announced on October 18, 2024, will cover both new equipment and servicing across KIMS’ existing 12 hospitals and four upcoming facilities. The…

The board of Zomato will meet on October 22 to consider raising funds through a qualified institutions placement (QIP), the company said in a regulatory filing on Thursday. However, the company did not disclose the quantum of funding it is looking to raise. DCW has announced a Rs 140 crore…

Target: ₹250 CMP: ₹187.85 We upgrade Engineers India (EIL) to ‘Buy’ from ‘Accumulate’ given the recent correction in the stock price, with an unchanged SoTP-derived TP of ₹250, valuing the Consultancy/Turnkey segments at a P/E of 25x/10x on FY26. EIL is well-positioned to capitalize on the large pipeline of refinery…

Taiwan Semiconductor Manufacturing Company Ltd. (Pre market) (Sector- Technology) Netflix, Inc. (Pre market) (Sector- Technology) Elevance Health, Inc. (Pre market) (Sector- Healthcare) Marsh & McLennan Companies, Inc. (Pre market) (Sector- Financial) Blackstone Inc. (Pre market) (Sector- Financial) Truist Financial Corporation (Pre market) (Sector- Financial) The Travelers Companies, Inc. (Pre market)…

Indian stock markets extended their losses on Wednesday, with the benchmark Sensex falling 318.76 points or 0.39 per cent to close at 81,501.36. The broader Nifty 50 index ended 86.05 points or 0.34 per cent lower at 24,971.30, slipping below the psychological 25,000 mark. The decline came amid weak global…

Shares of SpiceJet rose 1.16 per cent on Tuesday, reaching a high of ₹68. The stockhad climbed 3.4% earlier in the day. It recorded a low of ₹65.85.  SpiceJet said it had resolved a $23.39 million dispute with Aircastle (Ireland) and Wilmington Trust & SP Services (Dublin) by agreeing to…

Groww has added over 47 lakh new SIP accounts during the July-September quarter. Out of 66 lakh new SIPs recorded in September by AMFI, Groww added 16 lakh new SIPs, strengthening its market leadership, it said in a statement. This growth was driven by younger investors, with over 50 per…

The Indian stock markets closed higher on Monday, buoyed by strong performances in the IT and banking sectors. The benchmark BSE Sensex surged 591.69 points or 0.73 per cent to close at 81,973.05, while the broader NSE Nifty 50 index climbed 163.70 points or 0.66 per cent to end at…

Benchmark indices Sensex and Nifty fell in early trade on Friday amid volatility and mixed trends in global markets. The 30-share BSE Sensex opened on a negative note and slipped 62.90 points, or 0.08 per cent, to 81,548.51 in early trade. Showing a similar trend, the broader Nifty fell 64.1…

The combined market valuation of seven of the top-10 most valued firms eroded by ₹1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in line with weak trend in equities. Last week, the BSE benchmark fell 307.09 points, or 0.37 per cent, to…

Motilal Oswal Asset Management Company (MOAMC) on Friday announced the launch of its latest fund offer, the Motilal Oswal Digital India Fund.  The fund is an open-ended equity scheme investing in Digital Space, focusing on Technology, Telecom, Media, Entertainment, and other related ancillary sectors for investors who want long-term capital…

Bigul, an innovative investment platform, has launched a new feature that allows investors to invest in a group of stocks based on specific themes. Bigul Stock Baskets allow customers to select from several themes or sector-specific baskets curated by research analysts, enabling a streamlined and risk-mitigated investment experience. The initiative…

Shares of Tata Consultancy Services (TCS) fell 2 per cent on Friday after its September quarter earnings failed to cheer investors. The scrip of the Mumbai-based company slipped 1.93 per cent to close at ₹4,146 apiece on the NSE. On the BSE, stock of TCS went down by 1.84 per…

Shares of private lender Bandhan Bank rose over 10 per cent on Friday after the Reserve Bank of India approved the appointment of its new CEO, which analysts said would ensure management stability. The Reserve Bank of India on Thursday approved the appointment of Partha Pratim Sengupta as CEO and…

After markets regulator SEBI’s directive to limit weekly expiries to one per exchange, the National Stock Exchange on Thursday announced that it will discontinue the weekly contracts on Bank Nifty, Nifty Midcap Select and Nifty Financial Services. The Bank Nifty will be discontinued from November 14, Nifty Midcap Select from…

The initial public offering of Garuda Construction and Engineering will close today for public subscription. The issue has generated a strong response from HNIs and retail investors. At the end of Day 2, the IPO was subscribed 4.10 times. The IPO came out with a price band of ₹92-95 a share.…

Hyundai Motor India’s initial public offering (IPO) will be the biggest till date, eclipsing the previous record set by State insurer LIC in 2022. Large offerings, however, have not fared all that well historically. Six of the top 10 offerings in terms of issue size were subscribed less than five…

Arvind SmartSpaces Limited (ASL) announced today the acquisition of a new residential apartment project in Bengaluru. The high-rise development, located on ITPL Road near Whitefield, is expected to generate a top-line potential of approximately ₹600 crore. The shares of Arvind SmartSpaces Limited (ASL) were trading at ₹829.95 up by ₹35.95…

Multi-Act, a leading investment advisor to family offices, has proposed redefining large-, mid-, and small-caps, particularly in light of the recent sharp rally in equity market. Currently, SEBI defines large-caps as the top 100 companies by market capitalisation, mid-caps as those ranked between 101 and 250, and small-caps as companies…

Indian equities fell for a sixth straight session amid tensions in West Asia and sustained selling by foreign investors, even as other Asian indices ended firmly in the green. Benchmark indices surged higher in early trade but erased gains soon after. The Sensex ended 638 points or 0.78 per cent…

Kotak Mahindra Asset Management Company Ltd (KMAMC) has launched the Kotak MNC Fund, an open-ended equity scheme following the Multinational Companies (MNC) theme.  The scheme has opened for public subscription on October 7, 2024, and closes on October 21, 2024. Kotak MNC Fund will have 40-50 MNC stocks in its…

A sharp rally in Chinese equities last week has prompted Foreign Portfolio Investors (FPIs) to adopt a ‘Buy China, Sell India’ strategy in October, leading to the offloading of ₹30,718 crore in Indian equities over just three trading sessions. Data from depositories showed FPIs net sold ₹27,142 crore worth of…

Long-term investors can buy the shares of Quess Corp (₹744.40) at current levels. The stock has been in a strong uptrend since March last year. The surge above ₹700 in August has broken a strong long-term trendline resistance. The recent fall from the high of ₹875 made in September is…

When faced with a choice between choosing a weapon-less Lord Krishna and the most powerful army (Dwaraka army) in the world, Arjuna chooses the former. Consequently, Duryodhana is thrilled by Arjuna’s choice, as this would mean that the most powerful army would be siding with the Kauravas. The current situation…

Asia Index, a wholly-owned subsidiary of leading stock exchange BSE Ltd, on Friday announced the launch of three new indices — BSE Sensex Sixty 65: 35, BSE Sensex Sixty, BSE Power and Energy Index. These indices can be used for benchmarking of PMS strategies, mutual fund schemes and fund portfolios,…

China seems to have gained at the expense of India when it comes to foreign flows. China funds cornered historic high flows of $6.2 billion this week, bringing total flows over the past two weeks to $7.2 billion. Foreign flows into India-dedicated funds, on the other hand, decelerated to $107…

H.G. Infra Engineering Ltd today said the Rail Land Development Authority (RLDA) has cancelled its Letter of Acceptance for a commercial development project in Abu Road. The cancellation pertains to a 60-year lease for developing 8034.10 square meters of railway land at Abu Road Bungalow no. 102. The shares of…

RITES Ltd, a transport infrastructure consultancy, signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation (DMRC) today, to collaborate on metro projects in India and abroad. The partnership aims to combine RITES’ expertise in transport infrastructure with DMRC’s experience in metro rail operations to pursue opportunities in urban…

Bombay Stock Exchange Brokers’ Forum (BBF) on Wednesday said it has appointed Anup Gupta as the chairman, succeeding Kishor Kansagra. The appointment has been effected from September 30, the Forum said in a statement. Gupta, who is a director of Sykes & Ray Equities (I) Ltd, brings extensive financial expertise,…

Target: ₹496 CMP: ₹370.40 Integrated pharmaceutical major with capabilities across the value chain, Biocon is a leading integrated global pharmaceutical company with a comprehensive presence across the entire value chain, encompassing research and development (R&D), manufacturing, and marketing. The company boasts a geographically diverse revenue base, drawing from markets including…

Tata Steel Stock/ Share Price Today Live Updates for July 16, 2024: Tata Steel trades among top gainers in Nifty 50 pack

Shareholders of Zee Entertainment Enterprises (ZEE) have passed the resolution for issuance of securities for an amount not exceeding ₹2,000 crore with requisite majority. Shareholder approval for the proposal comes nearly a month after the Zee board gave its in-principle approval to raise up to ₹2,000 crore through the issuance…

HCL Technologies (HCLT IN) – Pritesh Thakkar, Research Analyst, Prabhudas Lilladher Pvt. Ltd. Rating: BUY | CMP: ₹1,560 | TP:₹1,790 Q1FY25 Result Update – Gearing up for growth from Q1 trough Quick Pointers: § Better-than-expected Q1 performance de-risking the path to achieve the guidance band § Margins to be under…

ata Consultancy Services/ TCS Share Price Updates for July 12, 2024: Tata Consultancy Services stock surged close to 7 per cent on Friday’s trade. The company kicked off the first quarter of FY25 with an 8.8% year-on-year growth in profits to ₹12,105 crore. During the same time last year, the…

The combined market valuation of seven of the top-10 most valued firms jumped ₹1,72,225.62 crore last week, with IT bellwether Tata Consultancy Services (TCS) stealing the show, amid a rally in equities. Also read: TCS profits rise 8.8% to ₹12,105 cr in Q1 on India revenue growth Last week, the…

Whenever some restrictions are imposed by exchanges or regulators, market participants, especially day traders and retail investors, turn uncomfortable and raise questions on such moves. All the more so, when the market is in a bullish phase, as it is currently. A recent such move by the National Stock Exchange…

Target: ₹410 CMP: ₹360.25 HealthCare Global Enterprises (HCG) is a market leader in 90 per cent cities where it has established presence. The company is operating at an occupancy of ~64% and has been scouting for acquisitions to expand its footprint. In Oct’23, it acquired SRJ Health Care, a 50…

Target: ₹824 CMP: ₹696 Jupiter Wagons is positioned for substantial growth between FY25E-FY28E, driven by increased wagon production and a strategic diversification plan implemented by the management into segments like wheel manufacturing, brake systems & disc, E-LCV etc. At a macro level, the capital expenditures by Indian Railways on the…

Quant Mutual Fund, under SEBI lens in a front-running case, has appointed Shashi Kataria as Chief Financial Officer. He has taken charge from July 1, said the fund house in a communication to unitholders. Kataria has been appointed as Chief Financial Officer, Operations Head and Executive Director of Quant Money…

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Asian stocks rallied to record peaks on Thursday while sterling edged to a four-month high on strong growth figures, as traders counted down to US data that is expected to show inflation easing and pave the way for rate cuts as soon as September. US shares hit record highs on…

Emcure Pharmaceuticals Ltd and Bansal Wire Industries on Wedneday made a fabulous listing with a premium of 31 per cent and 37 per cent, respectively. Against the IPO price of ₹1,008, the stock of the pharma major listed at ₹1,325.05 on the BSE and rose to a high of ₹1,384.…

Emcure Pharmaceuticals Ltd made a robust entry into the stock markets, surpassing expectations with significant listing gains at ₹1,325 per share. This translates to a considerable 31.45% gain over its issue price of ₹1,008. According to Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, the IPO saw enthusiastic participation…

Aqua PMS has returned 76 per cent in its debut year, with an alpha of 37 per cent over the BSE 500, driving its assets under management (AUM) past the ₹340-crore mark. The strategy is run by PL Asset Management, the asset management arm of Prabhudas Lilladher Group. Aqua is…

Shares of agrochemical companies, including Coromandel International, Deepak Fertilizers, Rashtriya Chemicals & Fertilizers Ltd, UPL, Dhanuka Agritech and Bayer CropScience have surged between 4 and 32 per cent in the past month, with some hitting their respective 52-week highs. Analysts expect better urea volume growth in FY25 due to the onset…

Edelweiss Financial Services has launched a ₹100-crore non-convertible debentures issue with a green shoe option of another ₹100 crore, cumulatively aggregating up to ₹200 crore. The issue has 12 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months, 60 months and 120 months with…

SSL Research reports that Tata Motors’ Jaguar Land Rover (JLR) division saw a 5% year-on-year increase in wholesales to 97,755 units and a 9% rise in retail volumes to 111,180 units for the first quarter of FY25. The sales mix was bolstered by higher-margin models like the Range Rover and…

Equity markets will take cues from global trends and trading activity of foreign investors, while in the latter part of the week the first quarter earnings from IT majors TCS and HCL Technologies would guide investor sentiments, analysts said. Markets may consolidate after the record rally last week, experts added.…

Eight of the top-10 most valued firms together added ₹1,83,290.36 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers, in line with a rally in equities. Last week, the BSE benchmark jumped 963.87 points, or 1.21 per cent. Reliance…

Ahead of Modi 3.0 Government’s full budget on July 23, Foreign Portfolio Investors (FPI) continued to show strong buying interest in Indian equities with net inflows of ₹7,962 crore (near $1 billion) in the first week of July 2024, data with depositories showed.  This was in addition to June 2024…

Marcellus Investment Managers, one of the leading portfolio management service providers, believes smartphones, active pharmaceutical ingredients (APIs) and medical devices to drive the next phase of growth and potentially contribute an additional $300 billion to Indian economy. The opportunity is further bolstered by the government’s policies encouraging global businesses to…

Shares of Nephro Care India on Friday made strong listing by gaining 90 per cent at ₹171 against the IPO price of ₹90. The stock rose further to end at ₹179.5, maximum permssible limit of 5 per cent from the listing price, and made an overall gain of 99.5 per…

DFC Bank Stock/ Share Price Today Live Updates July 5, 2024: HDFC Bank has reported a 52.6% year-on-year (y-o-y) jump in gross advances and 24.4% y-o-y growth in total deposits in Q1FY25. These figures take into account the impact of merger of erstwhile HDFC Ltd with the Bank on July…

The National Stock Exchange will apply a cap of 90 per cent to all small and medium enterprises (SME) stocks that list on its platform in a bid to restrict runaway gains and bring more stability to the opening price discovery process for such stocks. “To standardise the opening price…

HUDCO Stock/ Share Price Today Live Updates for July 4, 2024: HUDCO hits 52-week high

The benchmark Sensex topped the 80,000 level for the first time on Thursday mirroring global cues. The 30-share gauge hit an intraday high of 80,074 before ending at 79,986, up 545 points or 0.69 per cent. Nifty was up 0.67 per cent at 24286, a record. Broad market indices rose…

BSE Sensex has touched 80,000 mark on Wednesday’s early trade. Sensex traded at 79,983.23, higher by 541.78 pts or 0.68 per cent as at 10.32 a.m, and Nifty 50 traded at 24,277.20, up by 153.35 pts or 0.64 per cent. The 30-share BSE Sensex jumped 597.77 points to hit a…

Target: ₹495 CMP: ₹478.95 Coal India (CIL) posted stable June 2024 performance figures. Production was up 8.8 per cent y-o-y while despatches rose by a mere 5.1 per cent y-o-y. In Q1-FY25, despatches to the power sector grew 4 per cent y-o-y while offtake by the nonregulated sector (NRS) jumped…

Kotak Mahindra International Ltd, a subsidiary of Kotak Mahindra Bank, was the investment manager for trades undertaken by K India Opportunities Fund Class F a registered FPI that traded in the futures of Adani Enterprises a few days prior to the publication of a report on Adani group by Hindenburg…

SEBI on Monday directed market infrastructure institutions (MIIs) to stop levying slab-wise fee structures on members, a move that could especially impact the topline of discount brokers. The existing revenue model of brokers operates similar to that of a wholesale dealer. Exchanges incentivise brokers based on turnover volume, allowing brokers…

Drugmaker Wockhardt said its investigational antibiotic Zaynich (Zidebactam/Cefepime WCK 5222) was successfully used to treat a cancer patient in the United States, who had chronic bilateral thigh infection caused by an extreme-drug resistant pseudomonas. Also read: Wockhardt Q4 results: Reports net loss of ₹177 crore; antibiotic products show progress This…

Brokerages have provided positive insights on the telecom sector following recent tariff hikes by Reliance Jio. CLSA notes the increase of 13-25 per cent in tariffs, keeping JioPhone plans unchanged. Jio’s tariffs now have a 15-21 per cent premium over Bharti Airtel and Vodafone Idea (VI), shifting the historical trend…

eliance Industries share price, Reliance Industries stock price updates: Find all the updates related to Reliance Industries share prices and major developments here. ALL UPDATES June 28, 2024 15:35 RIL Share Price Live Updates: Reliance Industries stock closed at ₹3,126.95 on the BSE on Friday, up by 2.15%, and at…

Nomura identifies aggressive expansion targets and stronger balance sheets of major cement players as key drivers for sector consolidation. The current market conditions, reminiscent of FY14-17, indicate better pricing discipline. Ambuja and Ultratech are anticipated to lead this trend. Read also: Goldman Sachs unveils new ratings for cement stocks: Ultratech,…

Target: ₹610 CMP: ₹483.30 Eureka Forbes (EUREKAFO), in its first analyst meet post the demerger, articulated its long-term growth strategy. It expects growth to hinge on product innovation, premiumisation (better aesthetics/ features), penetration (in all channels), reduction in the cost of product ownership (entry price point of ₹6,499 versus ₹12,000…

Shares of Stanley Lifestyles on Friday made a decent debut at the bourses by gaining 35 per cent over IPO price. Against the IPO price of ₹369, the stock was listed at ₹499 on the BSE, a premium of 35.23 per cent, and at ₹494.95 on the NSE, a premium of…

Stanley Lifestyles, a prominent luxury furniture brand in India, has made a significant debut on the stock exchanges, listing at ₹494.95 per share. This marks a gain of 34.13 per cent over its issue price of ₹369. Shivani Nyati, Head of Wealth at Swastika Investmart, said that while the debut…

The IPO of Divine Power Energy (DPEL), a manufacturer of insulated wires and strips, was subscribed a whopping 369 times at NSE Emerge platform. The company has launched the ₹22.76-crore IPO at a price band of ₹36-40. The New Delhi-headquartered company’s IPO comprised a fresh issue of 56.88 lakh shares.…

In a recent report, Goldman Sachs has provided a detailed analysis of key players in the Indian cement sector, highlighting their current ratings, rationales, and price target adjustments. The report covers Ultratech Cement, Shree Cement, Ambuja Cements, Dalmia Bharat, and ACC Ltd., providing insights into their market positions, growth prospects,…

BSE Sensex climbed 620.73 pts or 0.80 per cent to close at 78,674.25 on Wednesday, and Nifty 50 was up 147.50 pts or 0.62 per cent to close at 23,868.80. Commenting on nifty outlook, Shrikant Chouhan, Head Equity Research, Kotak Securities, said, “Technically, after muted opening market successfully cleared the short-term…

Adani Total Gas Ltd (ATGL) shares rose over 1 per cent on Wednesday on receipt of approval to operate a city gas distribution network in Jalandhar. “The regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has accorded its approval for transfer of authorisation for establishing and operating city gas distribution…

The initial public offering of the Bengaluru-based Stanley Lifestyles was subscribed 96.98 times, thanks mainly to qualified institutional buyers and non-institutional investors (HNIs). The ₹537-crore IPO came out with a price band of ₹351-369. With a face value of ₹2, the offer consisted of a fresh issue of ₹200 crore and…

Shares of Zomato climbed close to 2 per cent on Tuesday’s early trade. Brokerages have been bullish on the stock following Prosus’ report on Swiggy, which disclosed that the latter’s GOV revenue was up 26 per cent in the last calendar year, similar to Zomato. Domestic brokerage Emkay Global stated…

Target: ₹57 CMP: ₹45.85 Ujjivan Small Finance Bank hosted an analyst meet recently to showcase its asset verticals, liabilities and technology functions. With Mr Sanjeev Nautiyal expected to take charge as MD & CEO in July 2024, management reiterated its focus on loan mix diversification, improving deposit franchise and enhancing…

Sanghvi Movers shares surged over 3 per cent on Monday following the receipt of two contracts for a value in excess of ₹180 crore. An order for a turnkey customised solution for Independent Power Producers (IPP) in the renewable energy sector includes project monitoring and engineering solutions while delivering mechanical…

Facing opposition fire, for exit polls allegedly being used for stock market manipulation, Axis My India’s chief, Pradeep Gupta, has said, he is open to facing all kinds of investigations, and it would help do business in a much better way, if the government frames specific regulations for pollsters. Also…

Reflecting optimism over the Modi 3.0 Government’s policy continuity, Foreign Portfolio Investors (FPIs) doubled down on their investments in Indian equities last week, becoming net buyers of ₹12,170 crore through June 21, official data showed. These net inflows contrasted with net outflows of ₹14,794 crore in the first week of…

Small and mid-cap stocks are turning red-hot with the Narendra Modi-led NDA government forming government for the third consecutive terms. While the run-up in small-cap stock price has been giving sleep-less nights for regulators, the earnings of small companies have also been rising steadily with the increase in flow of…

The Securities and Exchange Board of India (SEBI) on Friday disposed of its investigation against Unitech’s erstwhile promoters, Sanjay Chandra and Ajay Chandra, in a matter related to the routing of funds to the Indian securities market using overseas bank accounts with UBS AG. SEBI conducted a suo-moto investigation from April…

The pre-listing shareholder lock-in periods of 46 companies will be lifted between June 24 and September 30, potentially freeing  up shares worth nearly $12 billion for secondary sales. The estimates are based on shareholder analysis for firms listed up to June 19, according to Nuvama Alternative & Quantitative Research.  The…

Deepak Parekh-backed, multi-speciality healthcare provider in East India, Nephro Care India Limited, is planning to raise around ₹40 crore, through the initial public offering (IPO), to fund its expansion plans. Also read:Dee Development IPO closes today. Check subscription status, price band, other details The company plans to utilise a portion…

The market regulator, in a confirmatory order on Thursday, barred JM Financial from acting as a lead manager in any public issue of debt securities till March 31, 2025 or any further date which SEBI may specify. This will not impact its role as a manager of equity instruments, however.…

The Securities and Exchange Board of India has asked Religare Enterprises (REL) to seek statutory approvals necessary for an open offer by the Burman family by July 12. This comes after the Burman group alleged that the Religare board and its Chairperson Rashmi Saluja were blocking the open offer, while…

Zomato and Paytm have stated in their respective filings with the exchanges that they are in active discussions regarding the transfer of Paytm’s movies and events business to Zomato. However, both companies noted that there is currently no binding agreement requiring additional disclosures or board approval. According to JM Financial,…

Veefin Solutions Ltd has acquired a stake in Mumbai-based Regime Tax Solutions. The move integrates Regime’s GST compliance and accounts automation solutions, TaxGenie and PayInvoice, with Veefin’s platform. The integration enables banks and financial institutions to offer a solution combining supply chain finance with GST compliance and invoice processing. Veefin’s…

Akme Fintrade (India), a leading non-banking finance company, plans to raise ₹132 crore through an initial public offering, which opens for subscription on June 19. The company will issue 11 lakh fresh equity shares in the price range of ₹114 to ₹120 per share. The company’s shares will be listed…

India’s currency, debt and equity markets will be closed on Monday, June 17, for a holiday. Trading will resume on Tuesday, June 18. Indian shares logged record closing highs for a second straight session on Friday, driven by state-run companies and energy stocks on hopes of continued capital expenditure spending…

JM Financial Ltd (JMFL) on Saturday said it had received an administrative warning letter from SEBI. This warning pertains to the company’s role as a Merchant Banker in relation to certain past public issuances of non-convertible debentures (NCDs) JMFL, in an exchange filing, said the SEBI letter is pursuant to…

Foreign Portfolio Investors (FPIs) halted their equity selling spree, becoming net buyers in the cash market this past week as equity markets stabilized post-poll volatility and rallied to new all-time highs, driven by expected policy continuity and an upgraded GDP growth forecast from the RBI. The buying interest this past…

Shares of Purple Finance were listed on the BSE on Friday. After opening at ₹125.28, the stock surged further to a high of ₹131.54 and a low of ₹119.02, before closing at ₹123.70. In a reverse merger, Purple Finance was merged with BSE-listed Canopy Finance Ltd Amitabh Chaturvedi, Promoter &…

Auto behemoth Hyundai Motor India Limited’s (HMIL) moved a step closer to an initial public offering (IPO) in the Indian market, with the company set to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) anytime now. Sources close to the development told…

Jindal Stainless board has approved the acquisition of the remaining 46 per cent stake in Chromeni Steels Private Limited (CSPL) for a cash consideration of ₹277.90 crore. It includes a payment of ₹188.19 crore towards equity purchase and ₹89.71 crore towards CSPL’s debt. Also read: Jindal Stainless charts ₹5,400-crore expansion plans…

The market regulator’s expansive definition of promoters for companies going public may put them in a bind over how to reward founders. Since promoters are ineligible to be granted employee stock option plans (ESOPs), the new-age firms may turn to alternatives such as phantom stock units, warrants and sweat equity…

BSE Sensex rose by 290.34 pts or 0.38 per cent to trade at 76,896.91, and Nifty 50 traded at 23,409.25, up by 86.30 pts or 0.37 per cent as of 12.30 pm. Sectoral indices of media, FMCG, metal and PSU bank declined. Nifty realty increased 2.21 per cent to 1,119.60…

Target: ₹170 CMP: ₹216.95 In next 3-4 years, we expect India’s gas consumption to rise from 191mmscmd in FY24 to 218mmscmd. While GAIL’s transmission would grow by 8 per cent c in FY24-26, trading is expected to grow a tad lower (6 per cent). Petrochemical and LPG are expected to…

Tata Communications has announced a five-year global host broadcasting services deal covering the World Athletics Series. The collaboration will commence in 2025, including the World Athletics Indoor Championships in Nanjing in March, World Athletics Relays in Guangzhou in May, World Athletics Road Running Championships in San Diego in September, and…

Target: ₹1,050 CMP: ₹835.25 State Bank of India has delivered a strong all-round performance for the past few years and has achieved new milestones in profitability (PAT surpassed ₹60,000 crore in FY24). The bank has demonstrated considerable improvements in underwriting standards, while the consistent strengthening of its balance sheet has…

Battery swapping network Battery Smart on Tuesday, said it has raised $65 million in a funding round, comprising a mix of primary, and secondary investments, led by LeapFrog Investments. Also read: India in line to emerge as potential global leader in battery-swapping tech  The Series-B funding round, also saw participation…

Shares of Kronox Lab Sciences on Monday ended with a premium of 18 per cent at ₹159.35 against the issue price of ₹136 on the BSE. The shares were listed at ₹165, which is also day’s high and hit a low of ₹156.80 during the day On the NSE, the…

Shares of Kronox Lab Sciences were listed on Monday at a premium of over 21 per cent against the issue price of Rs 136. The stock started the trade at Rs 165, up 21.32 per cent on the BSE from the issue price. On the NSE, it listed at Rs…

SEBI plans to change the selection criteria for entry and exit of stocks in the derivatives market to reflect current market conditions. About two dozen of the 182 companies that are part of the F&O segment could see an exit if the new rules are implemented, according to Nuvama Alternative…

APL Infrastructure, promoter entity of APL Apollo Tubes, on Friday, pared a little over 1 per cent stake in the company, for ₹485 crore, through an open market transaction. Also read:APL Apollo plans Rs 100-cr tube unit in Gujarat According to the bulk deal data available with the National Stock…

Foreign Portfolio Investors (FPIs) continued to be net sellers of Indian equities in the first week of June, despite a market rebound from the 5.9 per cent crash of benchmark indices on Tuesday, due to the unexpected results on election day, June 4. Also read:FPIs increase Indian equities sell-off in…

The bulls were firmly in control on Friday as higher GDP growth forecast, dovish commentary from RBI and hopes of political stability at the Centre took the benchmark indices to fresh all-time highs. Also read:Stock market today: Sensex hits all-time high, as RBI raises GDP growth projection The Reserve Bank…

Shares of CMS Info Systems have been on the rise on on Friday hit an all-time high of ₹474.20 on the BSE, as analysts remained bullish on the stock due to its strong fundamentals, besides future growth potential. The stock closed at ₹465.25 — a gain of 115 per cent…

Wipro stock emerged among the top gainers of the Nifty 50 pack on Friday’s early trade after securing a $500 million deal from a US communication service provider.

The Board of Directors of Bajaj Housing Finance Ltd (BHFL) on Thursday approved an initial public offering (IPO) comprising fresh issue of equity shares of ₹10 each aggregating up to ₹4,000 crore and an offer for sale (OFS) of equity shares. The fresh issue of equity shares is subject to…

Shares of BHEL on Thursday zoomed over 14.50 per cent after the company said it has secured an order worth over ₹3,500 crore from Adani Power Limited to set up a thermal power project in Raipur, Chhattisgarh. The stock jumped 14.57 per cent to ₹292.45 on the BSE. On the…

Sundaram Mutual believes the froth in the market is yet to settle after the dramatic fall of 6 per cent post the unexpected election outcome and subsequent bounceback of 3 per cent on Wednesday. Anand Radhakrishnan, CEO, Sundaram Mutual said some of the sectors such as infrastructure and capital goods…

KEC International Ltd’s shares were up 2.66 per cent after the company announced the acquisition of new orders totaling ₹1,002 crores in its Civil business segment. The company reported that it secured its largest order to date in the Residential Building Segment, alongside contracts for residential projects in both Northern…

Tanvee Gupta Jain, Chief Economist at UBS India After a weak political outcome, we believe investors will focus on: government formation and choice of prime ministerial candidate considering the BJP does not have a simple majority of its own. Will it still be Modi or someone else?; policy choices to…

Adani Enterprises and Adani Ports are among the top losers of Nifty 50 pack, down over 9%

Target: ₹2,124 CMP: ₹1,719.05 Kotak Mahindra Bank (KMB) has shown a decline in performance over the last three years (3Y return: -7.4 per cenet, 1Y return: -13.3 per cent) compared to the returns of Bank Nifty (3Y return: 37.4 per cent, 1Y return: 11.5 per cent) and Nifty (3Y return:…

Adani Group stocks rallied on Monday’s early trade after exit polls predicted a massive win for the BJP-led NDA in the Lok Sabha polls.  The majority of stocks have hit a 52-week high on the NSE, including Adani Power (14.43%), Adani Ports (11.38%),Adani Enterprises (9.05%), Adani Green (6.42%), and Ambuja…

The Securities and Exchange Board of India (SEBI) has sent a 31-point advisory to investment bankers, requiring enhanced disclosures and increased due diligence on companies tapping the market for initial public offerings (IPOs). The advisories may make life difficult for companies, bankers and legal firms alike, make offer documents bulkier…

Kotak Alternate Asset Managers sees Nifty50 scaling up to 24,600 a year from now, its Chief Investment Strategist, Jitendra Gohil has said. Also read:Nifty50 likely to reach 24,500 by December end: Emkay Investment Managers To arrive at this target, it has pencilled in a 20 price earnings multiple on a…

Ahead of the June 4 general election results, Foreign Portfolio Investors (FPIs) have aggressively sold ₹25,586 crore in Indian equities in May 2024, data with depositories showed.  Also read:FPIs raise short exposure on index futures as election D-day looms With FPIs entering the event with record short positions in index…

The National Stock Exchange, last week, took an important decision for the first time since its inception in 1994 with respect to tick sizes. The leading exchange in terms of trading volume has reduced the tick size — the minimum price by which stock prices can change — to one…

Stock markets snapped their five-day losing run on Friday with the benchmark BSE Sensex closing higher by 75 points on value-buying in banking and oil shares after recent losses. Also read:Stocks that will see action today: May 31, 2024 The 30-share BSE Sensex rose by 75.71 points or 0.10 per…

Equity benchmark indices rebounded in early trade on Friday, after falling for the past five days, amid a rally in Asian markets along with buying in index majors Larsen & Toubro and Mahindra & Mahindra. The 30-share BSE Sensex climbed 550.22 points to 74,435.82 in early trade. The NSE Nifty…

SEBI has launched the beta version of its settlement calculator to simplify and provide greater transparency in arriving at the indicative settlement amount as laid down in its 2018 settlement regulations. A settlement allows an alleged wrongdoer to settle a pending matter without admission or denial of guilt by paying…

BSE Sensex was down by 0.45 per cent or 343 points to 74,149, while the NSE Nifty was at 22,597 down by 0.51 per cent or 115 points. A total of 3,201 stocks were actively traded, 1,303 advanced, while 1,779 declined and 119 stocks remained unchanged where 61 stocks hit…

Mahindra Manulife Mutual Fund has launched an open-ended equity mutual fund scheme — Mahindra Manulife Manufacturing Fund. The scheme is aimed at investing predominantly in equity and equity-related securities of companies engaged in manufacturing theme. The new fund offer (NFO) of the scheme commences on May 31 and concludes on…

Paytm said on Wednesday that it was not in talks to sell a stake, contrary to what a media report had said earlier in the day. Also read: Paytm to focus on UPI, card processing and EMI for strong payments services growth Gautam Adani, Indian billionaire and chairman of ports-to-power…

Target: ₹1,535 CMP: ₹1,188.95 Affle’s (India) Q4FY24 revenue stood at ₹506.20 crore up, 1.5 per cent q-o-q/42.3 per cent y-o-y, beating our estimates of ₹499.8 crore, driven by steady growth in CPCU revenue. EBITDA margin was flat at 19.4 per cent, on q-o-q and y-o-y basis, slightly beating our estimate…

Crude oil futures traded higher on Tuesday morning as the market waits to see if the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, will extend oil production output cuts beyond June 30. Also read:Goldman Sachs expects oil demand to keep growing until 2034 At 9.52…

Benchmark indices retreated after hitting fresh highs on Monday amid profit booking. The Sensex hit a fresh high and crossed 76,000 before ending at 75,391, down 0.03 per cent, amid weakness in metal and auto shares. The Nifty was down 0.11 per cent to 22932. Technically, the index found trendline…

NSE Nifty was up by 0.18 per cent or 41.55 points to 22,955, while the BSE Sensex was at 75,568 up by 0.21 per cent or 158 points. Also read:Indian bond yields seen flattish at start of new week A total of 3,308 stocks were actively traded, 1,812 advanced, while…

 Telangana Civil Supplies and Irrigation Minister Capt N Uttam Kumar Reddy on Sunday emphasised the efficiency and transparency of the current Congress government’s grain purchasing process, stating that payments to farmers were made within three to four days, unlike during the previous BRS administration.  “We have purchased more paddy and…

Equity markets may witness a gradual up-move this week with some volatility as both election and earnings season are nearing their end, analysts said, adding that global trends and trading activity of foreign investors would hold significance in dictating investors’ sentiment. Also read:Trading in equity cash segment slows down on…

Trading in cash equity segment of NSE and BSE have slowed down in the last two months, even as the markets are hitting a new high. Retail and high networth investors are holding back their investments, due to high volatility and run-away valuations amid clouding uncertainty on the General elections…

Adani Enterprises’ shares have reclaimed the levels seen in January last year, prior to the damaging allegations levelled by short-seller hedge fund Hindenburg Research against the group triggering a sell-off in group stocks that wiped off billions of dollars of investor wealth. Also read: Adani Ports & SEZ to replace…

The biggest winner from the successful Vodafone Idea FPO that was successfully concluded last month was not Vodafone Idea, it was rather Indus Towers which has witnessed a change of fortunes as compared to same time last year.   From a lifetime high of ₹479 in 2015, the stock of…

India’s equity benchmarks BSE Sensex and NSE Nifty50 are set for a muted start on Friday, after notching up record highs in the previous session, as robust economic data in the US dampened hopes of early interest rate cuts. The Gift Nifty was trading at 22,975 as of 7:58 a.m.,…

Shares of Uno Minda Ltd surged over 10 per cent on Thursday after reporting strong financial performance for Q4-FY24 and fundraising plans. Also read: Uno Minda signs technical license agreement with Starcharge Energy The company reported its consolidated net profit for the quarter ended March at ₹269 crore (excluding exceptional…

In a market that’s captured the attention of global finance for allegedly making $1 billion for Jane Street Group, many trading firms are employing a relatively simple strategy: short volatility. The trade, or variations of it, revolves around a bet that Indian stock indices will move within relatively small ranges,…

A SEBI committee has suggested changes to the BRSR, or Business Responsibility and Sustainability Reporting, framework.  ESG disclosures for the value chain will be applicable to the top 250 listed entities on a comply-or-explain basis from FY25.  The committee felt the definition of ‘value chain’ needed to be rationalised to cover only significant partners. Accordingly, value…

India’s equity benchmarks BSE Sensex and NSE Nifty will likely open marginally higher on Wednesday, tracking gains in global equities, with investors focused on minutes of the Federal Reserve’s latest policy meeting for clues on rate cuts. The Gift Nifty was trading at 22,637 as of 8:06 a.m., indicating the…

The market capitalisation of companies listed on BSE crossed $5 trillion for the first time on Tuesday, turning the spotlight on valuations. The number of companies trading at more than 50 times 12-month forward price to earnings multiples has increased 10x over the past 10 years and now stands at…

NSE Nifty was down by 0.1 per cent or 22.25 points to 22,479, while the BSE Sensex was at 73,878 down by 0.17 per cent or 128.98 points. Also read:SIP inflows drop by 5% in April amid market uncertainty and election concerns A total of 3,418 stocks were actively traded,…

The net SIP inflow into mutual funds fell by 5 per cent to ₹8,660 crore in April against ₹9,109 crore in March largely due to investors hitting the pause button on monthly remittances amid concern over high valuation and uncertainty about the general election outcome. Despite the record SIP inflow…