The Indian stock markets, including the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), are closed today in observance of the fifth phase of parliamentary election voting in Mumbai. The decision to close the markets was taken to ensure that citizens, including those working in the financial sector,…

Market regulator SEBI has modified the basis for the computation of market capitalisation of listed companies under its LODR regulations. As against an earlier practice of determining the applicability of provisions linked to market capitalisation on a single day’s market cap (currently calculated on March 31), SEBI has now introduced…

Equity benchmark indices closed the special trading session on a firm note on Saturday, extending their rally to the third day running amid fresh foreign fund inflows. The 30-share BSE Sensex climbed 88.91 points or 0.12 per cent to end at 74,005.94. During the session, it jumped 245.73 points or…

What is the short-term outlook for Nifty Financial Services? Can I go long now? Vijayan Nifty Financial Services (21,478.30): The bulls were successful in lifting the index off the support at 21,000. As there has been a bounce and that the broader trend is bullish, the probability of a rally…

Foreign portfolio investors turned buyers on Friday for the first time in May, snapping a 11-session selling streak that saw a selloff of over ₹37,000 crore in the cash market. Market pundits attribute the recent bout of selling to a combination of factors — the possibility of the US Fed…

The ₹2,615-crore IPO of Go Digit General Insurance was subscribed fully on the last day of issue closing on Friday. The issue was subscribed 9.60 times. The IPO came out with a price band of ₹258-272. As against an offer of nearly 5.29 crore shares (net off anchor portion), the…

The ₹2,615-crore IPO of Go Digit General Insurance Limited, a digital full-stack company, ends today for subscription. The comes out with a price band of ₹258-272 and market lot is 55 shares. The issue has so far been subscribed 0.79 time or 79 per cent. As against an offer of…

India’s traditional PC market, including desktops, notebooks, and workstations shipped 3.07 million units in Q1 of FY24, registering a year-over-year (y-o-y) growth of 2.6 per cent, according to International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker. Also read:Major PC, server makers to start manufacturing this year under IT…

Honeywell Automation India Limited (HAIL) on Wednesday appointed Atul Pai as its Managing Director. Pai succeeds Ashish Gaikwad, who is taking on a broader responsibility as India Leader for Industrial Automation, one of Honeywell International Inc’s strategic business groups, the company said in a statement. “Atul brings more than two…

Target: ₹4,004 CMP: ₹3,777.05 We revise our FY25 EPS estimate down by 2.6 per cent factoring in execution of a lower than expected order book and downgrade the rating to ‘Accumulate’ from Buy with a revised TP of ₹4,004 (₹3,345 earlier) given the sharp run up in stock price. BEML…

BSE Sensex rose by 103.62 pts or 0.14 per cent at 73,208.23 as of 9.20 am, and Nifty 50 was up 43.85 pts or 0.2 per cent at 22,261.70. The majority of sectoral indices traded in green, except for realty stocks, and financial services. Nifty PSU Bank increased 1.28 per cent to trade at 7,150.75.…

Mumbai-based Allied Blenders and Distillers and Chhattisgarh-based Vraj Iron and Steel have received green signal from the Securities and Exchange Board of India (SEBI) to go ahead with IPO. The Indian-made foreign liquor (IMFL) maker eyes ₹1,500-crore initial public offering (IPO) that comprises a fresh issue worth ₹1,000 crore and…

BSE Sensex traded at 72,902.15, higher by 126.02 pts or 0.17 per cent as of 9.20 am; and Nifty 50 traded at 22,148.70, up 44.65 pts or 0.2 per cent. Sectoral indices except for nifty pharma, healthcare index, and FMCG traded in the green as of 9.30 am. Meanwhile, nifty metal rose 1.16 per cent at…

Sensex, Nifty, Share Prices LIVE:

Shares of Indegene will be listed at the bourses today. The company has fixed the issue price at ₹452, the upper cand of the price band of ₹430-452. The initial public offering saw a robust response from all category investors, as the issue was subscribed 69.70 times, thanks mainly to qualified…

The combined market valuation of six of the top-10 most valued firms eroded by ₹1,73,097.59 crore last week, with HDFC Bank and Life Insurance Corporation of India taking the maximum hit in line with weak equities. Also read:Mcap of 7 most valued firms climbs ₹67,260 crore; Reliance top gainer Last…

Netweb Technologies India Limited inaugurated its flagship computing server, storage, and switch manufacturing facility in Faridabad. The new facility commenced its commercial production and is expected to create local job opportunities to stimulate economic growth in the region.  Also read:Netweb partners with NVIDIA for AI advancements, shares surge  It includes…

The BSE is taking steps to mitigate sudden spikes in options prices. The bourse had seen sudden spurts in two of its derivatives indices on February 2 and April 12, which has prompted the exchange to ramp up surveillance measures. It recently introduced what is called a “limit price protection”,…

Buoyant markets tend to work favourably for those players that are part of the ecosystem.  Brokerages, asset and wealth management companies and even private equity/investment players tend to be beneficiaries when markets are on a bull run. Motilal Oswal Financial Services (MOFS) is one such well-entrenched firm that operates across…

Capital markets regulator SEBI has passed an interim order against Varanium Cloud, a company listed on NSE’s SME platform, banning the company and its managing director from accessing the securities market until further notice. The latter has been restrained from acting as a director or key managerial personnel of any…

The initial public offering (IPO) of Aadhar Housing Finance closes today. The issue has been subscribed 1.48 times so far. The IPO, at a price band of ₹300-315, has a market lot of 47 shares. The IPO received bids for 10.36 crore shares against 7 crore shares on offer (net…

Computer Age Management Services Limited (CAMS) on Thursday reported a 38.7 per cent rise in consolidated profit after tax to ₹103.50 crore for three months ended March this year, driven by robust performance across the business streams. The company had posted a PAT of ₹74.36 crore in the year-ago comparable…

The initial public offering (IPO) of Aadhar Housing Finance was subscribed 0.43 times or 43 per cent on day 1 of issue opening on Wednesday. The IPO comes at a price band of ₹300-315. IPO closes on May 10 and the market lot is 47 shares. The IPO received bids…

Finance Minister Nirmala Sitharaman on Wednesday said that the market valuation of Hindustan Aeronautics has surged over 1,300 per cent. She also said that post-disinvestment erstwhile Central Public Sector Enterprises (CPSEs) are doing well. She was responding to senior Congress leader Rahul Gandhi’s remarks on CPSE, where he alleged that…

The Securities and Exchange Board of India has slapped a penalty of ₹15 crore on Arun Panchariya for alleged fraudulent activities related to the issuance of Global Depository Receipts (GDR) by Winsome Yarns Ltd. The latest ruling comes less than six months after appellate tribunal SAT, on an appeal filed…

Client Associates, a wealth management firm and the country’s largest multi-office service provider, has forayed into asset management with the first close of its maiden fund —Client Associates Alternate Fund (CAAF), mopping up as much as ₹300 crore. Also read:Client Associates sets its sights on tier-2 cities amid wealth surge,…

GHCL has announced a capital budget of approximately ₹224 crore for the financial year 2024-25, including a Bromine Project of ₹117 crore. The board has also approved a 5.5 mt greenfield soda ash project in Kutch, Gujarat, for ₹4,000 crore. The HPCL board which meets on May 9 to consider…

Block and bulk deals have shown a phenomenal increase in the current fiscal year so far, with the combined sell-downs tripling from year ago to over ₹25,500 crore, as promoters and strategic investors took the opportunity to exit their investments in Indian companies. Sell-downs through the block deal window has…

Paytm’s parent company One97 Communications president and chief operating officer Bhavesh Gupta has resigned from the company, an official statement said. Gupta steered the lending business, online and offline payments, and compliances, at Paytm. Verticals, headed by him were adversely impacted by the RBI’s ban on Paytm Payments Bank (PPBL)…

The government auctioned sovereign green bonds worth ₹20,000 crore in FY24, compared to ₹16,000 crore in FY23 to mobilise resources for green infrastructure projects, particularly for expanding renewable energy capacity. Also read:Indian bond yields stop swaying to the US tune Besides, foreign direct investment (FDI) flows towards non-conventional energy surpassed…

Long-term investors can buy Oil and Natural Gas Corporation (ONGC) (₹286) at current levels. The stock has been in a strong uptrend since April 2020. The price action from July 2015 to November 2023 indicates an inverted head and shoulder reversal pattern. This is a bullish pattern. The strong surge…

I have shares of Trident brought at ₹6.40. What is the long-term prediction for this stock? Can I continue to hold it? Arun Kumar, Coimbatore Trident (₹39.50): You have caught this stock at the bottom. It is now important for you to protect your profits. The long-term picture is looking…

Selling by overseas investors in index heavyweights dragged down benchmark indices after a gap-up opening on Friday, capping a volatile week that saw the US Fed keep interest rates steady. Also read:Indices surge on global cues, rally in bank stocks Marginally better than anticipated Q4 earnings and a correction in…

Ever-growing conglomerates always pose one big risk to investors — the prospect of a family settlement that impacts minority shareholders. Often, the division of assets and companies turns out to be bitter and acrimonious between siblings and family members due to lack of family agreements or proper legal backing. However,…

The Reserve Bank of INdia has lifted restrictions on Bajaj Finance’s eCOM and online digital insta EMI card with immediate effect. The company can now resume sanctions and disbursal of loans in these two business segments including the issuance of EMI cards. The RBI had restricted the sanctions and disbursal…

The US Federal Reserve’s interest rate googly may be a bit of a dampener for foreign portfolio flows into India in the near term. The Fed chair on Wednesday kept rates steady, hinted at delaying cuts, while shooting down talk of pivoting back to interest rate hikes. The Federal Open…

Godrej family announced a family settlement under which Adi Godrej and Nadir Godrej will control the listed companies in the group while Jamshyd Godrej and Nyrika Holkar will control Godrej Enterprises comprising Godrej & Boyce and its affiliates. The listed entities under Godrej Industries Group (GIG) are Godrej Industries, Godrej…

Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, is set to launch its ₹3,000-crore initial public offering (IPO) on May 8. The initial share-sale will conclude on May 10 and the bidding for anchor investors will open for a day on May 7, according to the…

The Chennai-based Veranda Learning Solutions, an enterprise offering end-to-end solutions in the education space, has allotted 20 lakh equity shares to the company’s promoters at ₹307 per share. This allotment follows the conversion of 20 lakh warrants, with the balance amount of ₹46.05 crore, representing 75 per cent of the…

Shares of JNK India makes strong listing at the bourses on Tuesday. Against an IPO price of ₹415, the stock listed at ₹620 on the BSE — up 49.39 per cent — and zoomed further 71.56 per cent to hit a high of ₹712 during the day. The stock ended at…

Kilburn Engineering Limited has received orders worth ₹35.44 crore. Rotary Dryers & Fluid Bed Cooler: ₹19.40 crore; Paddle Dryers: ₹11.23 crore; Tea Dryers ₹1.88 crore; spares and others: ₹2.93 crore. During FY23-24, total orders bagged by the company amounted to ₹276 crore. IIFL Special Opportunities Fund Series 7 sold 10…

Target: ₹5,600 CMP: ₹4,714.85 L&T Technology Services (LTTS) is the second ER&D company after PSYS to do a growth margin tradeoff in order to drive MT to LT growth by making investments currently where demand has moved sideways in order to be ready to tap opportunities when the cycle turns.…

A recovery is in the offing in India’s telecommunications sector, with potential tariffs hikes and a shift to high-speed networks set to bolster revenue, according to a top-performing fund manager. “We are likely headed for a large hike in tariffs,” said Niket Shah, chief investment officer at Motilal Oswal Asset…

Foreign Portfolio Investors (FPIs) remained bearish on Indian equities going by the net outflows of ₹6,300 crore so far this month (till April 26) amid concerns around Mauritius Tax Treaty and US Bond Yield surge.  The geopolitical concerns arising from the Iran-Israel conflict had also weighed in on FPI interest…

ATC Telecom Infrastructure on Friday sold its entire 2.87 per cent stake in telecom operator Vodafone Idea for ₹1,840 crore through an open market transaction. American Tower Corporation (ATC) Telecom Infrastructure is one of the largest infrastructure service providers for Vodafone Idea. Also read:ATC to convert Vodafone Idea OCDs worth…

News broadcaster NDTV Ltd on Friday reported a 59 per cent jump in March quarter revenue as it expanded digital footprint, gaining a 39 per cent rise in traffic. Also read:Sony, Zee parting ways could rejig Indian media landscape Consolidated net loss of ₹8.74 crore in January-March compared with loss…

Capital markets regulator Securities and Exchange Board of India (SEBI) has pointed out discrepancies in fees paid by BSE to the regulator on derivatives contracts. Also read: AMFI knocks on SEBI doors to resolve KYC impasse Since the introduction of derivatives contracts in June 2000, BSE has been paying the…

Target: ₹3,000 CMP: ₹2,221.50 With revenue down 0.2 per cent (vs. the Street’s estimated 2.2 per cent rise) and volumes up only 2 per cent (3 per cent), Hindustan Unilever’s Q4 belied expectations. Subdued rural demand, price cuts in mass soap (for a better price-value equation) and keen competition from…

https://play.google.com/store/apps/details?id=com.intelegain.rb Conference call Replay available in Various speeds ! Researchbytes Events Update As of 07:21 AM Friday 26 April 2024 Can set alert for them at www.researchbytes.com  8:30 AM MphasiS (Press Release ) Dial: +91 22 7115 8066 Weblink: https://tinyurl.com/3npa6n2n 10:30 AM Schaeffler Ind Dial: +91 22 6280 1538 Weblink:…

The initial public offering of heating equipment maker JNK India Ltd was subscribed over 28 times. The issue, at a price band of ₹395-415, received bids for 31.10 crore shares against the offer size of 1.10 crore shares (Net off anchor portion). The IPO combines a fresh issue worth ₹300…

Merck & Company, Inc. (Pre market) (Sector- Healthcare)  Astrazeneca PLC (Pre market) (Sector- Healthcare)  Caterpillar, Inc. (Pre market) (Sector- Capital Goods)  Comcast Corporation (Pre market) (Sector- Technology)  Union Pacific Corporation (Pre market) (Sector- Logistics)  S&P Global Inc. (Pre market) (Sector- Financials)  Honeywell International Inc. (Pre market) (Sector- Technology)  Sanofi (Pre…

Target: ₹887 CMP: ₹721.20 Cyient DLM Limited (CDLM) Q4-FY24 quarterly numbers were broadly in line with JMFe. Rev at ₹360 croreup 30 per cent y-o-y driven by growth in defence seg. (78 per cent y-o-y), aerospace seg. (52 per cent y-o-y), and medical seg. (26 per cent y-o-y). However,Industrial seg.…

Thermo Fisher Scientific Inc (Pre market) (Sector – Healthcare)  AT&T Inc. (Pre market) (Sector – Technology)  Boeing Company (The) (Pre market) (Sector – Defense)  Boston Scientific Corporation (Pre market) (Sector – Healthcare)  General Dynamics Corporation (Pre market) (Sector – Defense)  CME Group Inc. (Pre market) (Sector – Financials)  Amphenol Corporation…

Target: ₹1,590 CMP: ₹1,322.30 In our initiating coverage report on Adani Ports & SEZ Ltd in Oct’23, we had highlighted that the company’s improving utilisation levels at its current ports, along with its ramping up of volumes at newly acquired ports, will position the company to exceed its FY24 volume…

Pepsico, Inc. (Pre market) (Sector – FMCG)  GE Aerospace (Pre market) (Sector – Defense)  Danaher Corporation (Pre market) (Sector – Healthcare)  Philip Morris International Inc (Pre market) (Sector – FMCG)  RTX Corporation (Pre market) (Sector – Defense)  NextEra Energy, Inc. (Pre market) (Sector – Energy)  United Parcel Service, Inc. (Pre…

Target: ₹80 CMP: ₹62.84 Patel Engineering is an EPC player which specialises in technology intensive areas like hydro, tunnelling, irrigation, water supply, urban infrastructure and transport. The company enjoys an order book of ₹19,134 crore (Including L1 Orders) as of Q3-FY24, implying 4.3x book to bill. We highlight that order…

The long-term outlook remains positive for the stock of Manappuram Finance (₹188.15). A conclusive close above ₹207 will reconfirm the bullish trend. In that case, the stock can record new highs. In the short term, the stock will move in a narrow range with an upward bias. The stock finds…

Foreign Brokerage Bernstein, part of Societe General Group, sees profit booking post-elections in the Indian equity markets coming anyway, noting that the election results will only serve as a trigger point for the inevitable.  Also read:Indices tumble over 1% on weak global cues, profit booking It sees little getting changed…

Premier Energies Limited, an integrated solar cell and solar module manufacturer with an annual installed capacity of 2 GW and 3.36 GW respectively, has filed the draft red herring prospectus (DRHP) with SEBI to raise over ₹1,500 crore through an initial public offering (IPO). Also read:Premier Energies bags ₹1,700-crore order…

Nifty 50 (22,147) and Bank Nifty (47,574) lost 1.7 per cent and 2 per cent respectively last week. Consequently, the futures contract of these indices too fell. Below is an analysis of futures and options data and projection for this week. Nifty 50 Nifty futures (May expiry) (22,275) lost 2.1…

Target: ₹1.277 CMP: ₹954.80 An all-India retailer of gold and diamond jewellery at various prices, Senco Gold has major market share in East with ~79% of its store presence (FY23) in the east India. With its focus on light-weight jewellery and extensive retail network, it aims to cater to a…

Stock markets rebounded from early lows to close higher on Friday, snapping the four-day losing streak on heavy value buying in banking and auto shares. Also read:Sensex, Nifty open lower; IT stocks drag The 30-share BSE Sensex climbed 599.34 points or 0.83 per cent to settle at 73,088.33. The index…

Sensex, Nifty, Share Prices LIVE: Asian stocks opened significantly lower on Friday, dragged down by a continuation of the selloff seen in US shares and Treasuries this month. This decline followed strong economic data and hawkish commentary from the Federal Reserve. The Nikkei 225 index fell by 2.04%, or 777.39…

Target: ₹471.60 CMP: ₹429.90 Total income in the first three quarters of FY24 increased by 8 per cent y-o-y, with power transmission and distribution business contributing the main revenue. The company’s total revenue has grown rapidly from ₹29,699 CRORE in fiscal 2020 to ₹56,547 CRORE in fiscal 2023, with a…

Recent Interview Bank of Baroda: Madan Sabnavis, Chief Economist If Crude Goes To $100/bbl Due To Escalation Of Conflict, Could See More Impact On WPI Inflation: BoB GTPL Hathway: Piyush Pankaj, Chief Strategy Officer Plan To Increase Prices In Some Of The Strategic Markets: GTPL Hathway IIFL Securities: Balaji Subramanian,…

Infosys Ltd has announced a collaboration with Proximus, Belgium’s digital services and communications solutions provider, on the ServiceNow platform. The IT major has supported Proximus to standardise its existing processes on the ServiceNow platform and transform its customer service management (CSM) operations. As part of the engagement, Infosys has overhauled…

Target: ₹375 CMP: ₹309.20 ASK Automotive (ASK) is the leading manufacturer of 2W brake shoe and drum braking systems with a combined about 50 per cent market share. Despite being a late entrant, the company has emerged as a sizeable player in aluminium light-weighting components (ALP) and safety control cables (SCC)…

The proposal to merge the two international stock exchanges at GIFT City in Gujarat is at an “advanced stage” and is expected to reach the National Company Law Tribunal (NCLT) later this month, said K Rajaraman, chairman of International Financial Services Centres Authority (IFSCA). “It is at a very advanced…

Indian equities extended losses for a second straight day as Israel weighed its response to a direct attack by Iran. Shares fell across Asia. Gold held firm even as oil prices inched lower on hopes the diplomatic efforts would curtail a larger conflict in West Asia. Also read: Analysts remain…

Asset management companies enjoyed a strong rally last year, thanks to vibrant secondary market and steady inflows into schemes. Nippon Life India Asset Management (NAM-India) was the star performer in FY-24 by producing 124 per cent return, followed by HDFC Asset Management Company (120 per cent) The other three –…

The majority of portfolio management services (PMS) schemes outperformed the benchmark Nifty 50 and BSE 500 in financial year 2024 amid a rally in mid and small-cap stocks. As much as 80 per cent, or 264 of the 324 schemes, were able to beat the returns generated by Nifty, data…

LIC, the State-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani Group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report. The value of LIC’s investment in seven Adani group…

The board of Aster DM Healthcare on Friday approved a special dividend of ₹118 a share payable to those shareholders whose names stand on the Register of Members of the Company as on April 23 (record date). The dividend will be paid within 30 days. Also read: Olympus Capital plans…

Under Prime Minister Narendra Modi, India’s stocks have commanded an unprecedented premium to emerging-market peers. As he seeks a third successive term, investors are betting that the performance can continue. Modi is likely to spend heavily on manufacturing and infrastructure should he win, continuing a strategy that wooed money managers…

Indian equities slid over 1 per cent on Friday amid selling by overseas investors and negative global cues. The possibility of fewer rate cuts by the US Federal Reserve this year, surge in commodity prices and the amendment in the India-Mauritius tax treaty spooked investors. Brent crude prices inched higher…

Even as the primary market is buzzing with activity, mutual fund is not far behind, thanks to a vibrant secondary market. With most benchmarks from BSE Sensex and NSE Nifty50 to SmallCap/MidCap hitting new highs, fund houses are launching new products to capitalise on the momentum across sectors, themes and…

Indian equities are likely to come under pressure on Friday amid negative global cues. Gift Nifty slipped around 1 per cent on Thursday. Nifty futures at Gift City (8 pm IST) is hovering around 22,590 against Nifty futures at 22,812 on the NSE. Global stocks slid after US March inflation…

Maharashtra Seamless Ltd has received work order from ONGC for supply of casing seamless pipes. The contract is valued at ₹674 crore and is to be executed in 44 weeks, according to the stock exchange filing. Maharashtra Seamless stock closed at ₹902 on the NSE, up 0.18 per cent on…

Even as Vodafone Idea (Vi) is looking to do a follow-on public offer to raise ₹20,000 crore, analysts at CLSA warned that shares of the cash-strapped telecom operator could drop as much as 61 per cent to ₹5, if the company continues to see subscriber churn. The latest data from…

Benchmark Sensex climbed 354 points to close above the record 75,000 mark for the first time while broader Nifty scaled a fresh lifetime high on Wednesday on gains in FMCG, energy and metal shares. The 30-share BSE Sensex climbed 354.45 points or 0.47 per cent to settle at an all-time…

The benchmark Sensex hit a fresh high and nudged past the psychological mark of 75,000 on Tuesday before slipping in late trade due to profit booking. Also read:Markets settle lower after hitting record peaks in intra-day; Sensex breaches 75,000-milestone The gauge has taken more than three years for its journey…

Target: ₹2,450 CMP: ₹2,165 Shriram Pistons & Rings (SPRL’s) maiden investor call reinforces our positive stance on the company. KTAs: Strong growth visibility guidance for the core IC business, with market-leading growth, sustained high profitability led by well-diversified mix (no segment share over 17-18 per cent of revenue) and utilisation…

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Benchmark equity indices Sensex and Nifty reached their fresh record highs on Monday, amid optimism in global markets and foreign fund inflows. Also read:Market optimism prevails: Sensex, Nifty up Buying in index major Reliance Industries also fuelled the rally in equities. The 30-share BSE Sensex jumped 494.28 points or 0.67…

Companies that made their debut on the bourses in the last financial year raised over ₹1,300 crore by way of pre-IPO placements. Also read:Unrealistic valuations could hit IPO prospects of internet companies This is three times the amount collected through this route in the last fiscal and the highest mop-up…

Four of the top 10 valued firms added ₹1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities. On the other hand, six companies from the top 10…

Last week, APSEZ announced the acquisition of Gopalpur Port in Odisha, which will make it the seventh Indian port to be acquired by the company since 2014. It currently has a total capacity to handle around 607 million metric tonnes (MMT) (around 355 MMT on the West coast and around…

Thanks to a strong response from institutional investors, the public issue of Bharti Hexacom was subscribed nearly 30 times. The ₹4,275-crore issue, which opened at a price band of ₹542-570 on Wednesday, received bids for 123.24 crore shares against an offer of 4.12 crore shares (net-off anchor portion). Also read:IPO…

TAC Infosec, risk and vulnerability management company, on Friday made a strong debut on the NSE Emerge platform. The stock was listed at ₹290, a premium of 174 per cent over IPO price of ₹106. The stock rose further to end at ₹304.50. Trading volume stood at 14.60 lakh shares.…

Godrej Properties has sold inventory worth ₹2,690 crore at the launch of its project — Godrej Reserve — in Kandivali, Mumbai. The project has a developable potential of 3.72 million square feet with an estimated revenue potential of ₹7,000 crore. Also read: Godrej Properties buys 3-acre site in Hyderabad Gaurav…

Target: ₹1,948 CMP: ₹1,664.85 Muthoot Finance is in a sweet spot, given robust growth prospects backed by sound fundamentals and sectoral tailwinds. Fundamentals are underscored by proven moats of leadership and higher productivity (AUM per branch at ₹14.50 crore vs ₹8 crore for IIFL Finance and a mere ₹5.6 crore…

Benchmark equity indices fall on Thursday after Sensex and Nifty touching their all-time high levels, with investors opting for value-buying in bellwether stocks ahead of quarterly result announcements amid mixed global trends. The 30-share BSE Sensex surged 497.06 points or 0.67 per cent to hit all-time high of 74,373.88. The…

Benchmark indices Sensex and Nifty, which opened on negative note tracking global markets, especially the US, ended flat on Wednesday. The 30-share BSE Sensex declined by 27.09 points to close at 73,876.82, recovering from day’s low of 73,757.23. The broader NSE Nifty edged down 18.65 points However, mid- and small-cap…

Benchmark equity indices Sensex and Nifty declined in early trade on Wednesday amid weak global trends, higher crude oil prices, and outflow of foreign funds. The 30-share BSE Sensex declined 281.18 points or 0.38 per cent to 73,622.73. The NSE Nifty dipped 93.15 points or 0.41 per cent to 22,360.15.…

The adoption of a shorter settlement cycle has benefited the securities ecosystem, said the chief of Securities and Exchange Board of India (SEBI). Speaking at an annual summit on corporate governance organised by the Confederation of Indian Industry, SEBI chief Madhabi Puri Buch, quoted a ratio that captured this improvement.…

Choice International Ltd’s shares were up 5.20 per cent after the company said its subsidiary, Choice Consultancy Services Pvt Ltd, had bagged a project worth ₹520 crore for the development of a solar plant for Jodhpur Vidyut Vitran Nigam Ltd, in a joint venture partnership with Solar91 Cleantech Pvt Ltd.…

Indian equities started the new financial year on a strong note, hitting fresh highs, amid positive global cues. The Sensex ended with a gain of 363 points, or 0.49 per cent, at 74,014. The Nifty rose to 22,462, up 0.6 per cent. The broader markets outperformed with Nifty Midcap100 and…

Jubilant Ingrevia Ltd has commissioned a new facility at its manufacturing site for diketene derivatives at Gajraula, Uttar Pradesh. Also read:Dhabriya Polywood bags new contract; stock jumps 6% The facility adds a capacity of 2,000 TPA to produce high-value esters. The expanded range of diketene derivatives will be aimed at…

The stock of HDFC Bank (₹1,447.90) has been consolidating in recent weeks since a sharp fall in November. The stock finds immediate support at ₹1,400 and ₹1,304. A fall below the latter will change the outlook negative. On the other hand, it finds immediate resistance at ₹1,465 and ₹1,552. A close…

Nifty 50 (22,327) and Bank Nifty (47,125) extended the gain for the second week as they appreciated 1 per cent and 0.6 per cent respectively in the last week. Below is an analysis of the derivatives data of both indices. Nifty 50 Nifty futures (April expiry) (22,488) broke out of…

Mumbai Income tax authorities have issued notices to several startups in connection with the share premium money they received a couple of years ago, said two people in the know. The tax department has asked for details of the nature and the source of the investments and the credit worthiness…

With both equity and gold prices hovering around record highs, market experts believe investors should review their portfolio and book some profit from equity for allocation to gold, as it has more steam to rally after the US rate cut. Also read:Gold imports likely to drop 87% this month on…

The funds mobilised by India Inc through the IPO route in this financial year was up 19 per cent to ₹61,000 crore compared to ₹52,116 crore raised in FY23. Also read:Why India Inc is slow to adopt AI tech However, excluding the mega LIC IPO of ₹21,000 crore in May…

Adani Green Energy Ltd, through its wholly-owned step-down subsidiaries, has operationalised an aggregate 775 MW solar power projects at Khavda, Gujarat. Also read: Adani Green Energy’s shares rise on operationalizing Khavda Renewable Park This development comes after the company commissioned a 180 MW solar power plant at Devikot in Jaisalmer,…

The benchmark indices logged gains on the last trading session of the financial year aided by positive global cues. The Sensex rallied nearly 1,200 points, intra-day before closing at 73,651, up 0.9 per cent. The Nifty rose 0.9 per cent to 22,326. Also read: Markets end FY24 on buoyant note…

India got overseas flows to the tune of ₹3.33-lakh crore, or $40.4 billion, in equities, debt and hybrid instruments put together this financial year, a record for any year. This is 25 per cent higher than the previous high of ₹2.67-lakh crore garnered in FY21. Equity flows stood at over…

Student recruitment solution provider Crizac has filed preliminary papers with markets regulator SEBI to raise up to ₹1,000 crore through an initial public offering (IPO). The IPO, with a face value of ₹2 per equity share, is entirely an offer for sale (OFS) by promoters, Pinky Agarwal and Manish Agarwal,…

Reliance Power Ltd’s shares were up by 1.52 per cent after the company announced a significant debt settlement agreement between its subsidiaries and Authum Investment and Infrastructure Ltd’s wholly-owned subsidiary, RCFL. Reliance Power said its subsidiaries, Kalai Power Pvt Ltd and Reliance Cleangen Ltd, finalised a Debt Settlement and Discharge…

BSE Limited is “fully geared” to launch the beta version of T+0 settlement for 25 securities starting March 28, its MD & CEO Sundararaman Ramamurthy said on Tuesday. On strategic plans to increase its share in India’s derivatives market, Ramamurthy emphasised BSE’s approach as a complementary exchange, fostering mutual support…

Domestic markets are expected to open flat with a negative bias on Tuesday after a long weekend. Analysts expect the market to remain volatile ahead of the monthly F&O settlement. As fiscal 2024 comes to an end, adjustments in accounts will also keep the market volatile. Experts said stocks are…

Small- and mid-cap schemes are likely to see lower inflows in March after the recent correction in the space and the regulatory diktat to conduct stress tests on such schemes, said industry officials. Also read:MF small-cap schemes plunge into the red as market trembles About two-fifths of equity flows in…

Usha Martin Ltd has received an order from the Deputy Commissioner, Circle-A, Zone-IV, Jaipur, imposing penalty and interest alleged or claiming wrong cenvat credit. According to the stock exchange filing, the order pertains to claiming non-verified input tax credit (ITC) as transitional credit under the CGST Act, 2017, to pay…

The shareholders of Religare Enterprises have voted against both the company’s proposal to invest in its subsidiary MIC Insurance Web Aggregator and the proposal changes to the Article of Association. Also read:All disclosures on MIC investment made: Religare Enterprises With regards to the process initiated for getting shareholders approval through…

Stock markets would be driven by global trends and foreign investors’ trading activity in the holiday-shortened week, analysts said adding that key equity indices may face volatile trends amid the monthly derivatives expiry on Thursday. Also read: Index Outlook: Sensex, Nifty 50: Outlook is still unclear This week markets will…

A recent trend in the primary market offers a valuable lesson for traders, especially those who wish to bet on high subscription figures. With certain company IPOs being fully subscribed within minutes or hours, there arises a temptation for some to hastily join the fray in pursuit of substantial gains,…

Target: ₹140 CMP: ₹122.70 Punjab National Bank`s return ratios have been still depressed versus its peers due to higher provisions and high operational costs but is likely to improve hereon. Earlier, credit cost was higher led by higher net NPA book. Lower slippages trend, strong recoveries & upgrades and net…

Target: ₹1,562 CMP: ₹1,280.95 Adani Ports and SEZ (ADSEZ) has consistently gained market share, driven by organic growth from its Gujarat-based ports and through strategic acquisitions at reasonable valuations. The turnaround of these acquired assets has accelerated its market share gains. We expect market share gains to continue as new…

Welspun Corp Ltd has announced the receipt of line pipe orders in India and the US, cumulatively valued at ₹2,039 crore. According to the stock exchange filing, the orders are set to be executed during FY25. Also read: Welspun Corp’s EPIC bags ₹3,000-crore order in Saudi Arabia Welspun Corp stock…

HSBC Global Research prefers large-caps but sees opportunities in the current mid-cap sell-off too. The research house remains constructive on the broader market and ruled out any deep sell-off in mid-caps from current levels. It said that mid-cap valuations had come down to the five-year mean and that the mid-cap…

Shares of Rail Vikas Nigam Ltd rose 3.16 per cent on the NSE as of 11.12 am to trade at ₹246.75. The civil construction company emerged as the lowest bidder for a contract from SER HQ-Electrical/ South Eastern Railway. It pertains to design, supply, erection, testing and commissioning for upgradation…

Market regulator SEBI has given an undertaking in the Bombay High Court that it will not take any action against Subash Chandra for a period of three weeks. Chandra had filed a writ petition against SEBI’s summons in a case related to alleged siphoning of funds. Ravi Kadam, the lawyer…

The board of directors of Jupiter Wagons Ltd has approved the acquisition of Bonatrans India Pvt Ltd, by acquiring 94.25 per cent of shares for a consideration of ₹271 crore.  The company will eventually become a subsidiary of Jupiter Wagons. Bonatrans India, a railways and related service provider, is engaged…

SEBI has proposed that the disclosures made in the draft red herring (DRHP) and red herring (RHP) prospectus of public issues be made available in audio-visual (AV) format by the issuer companies listing on the main board. The AV will be in English and Hindi and made available in public…

Macpower CNC Machines Limited stock has surged on the NSE following the company’s disclosure about the dispatch of three VMC machines of ₹5.20 crore (average value per machine is ₹1.73 crore) to a large defence PSU. These machines are used in the development of various parts used in guns by…

Infosys co-founder NR Narayana Murthy has gifted shares worth over ₹240 crore to his four-month-old grandson, Ekagrah Rohan Murty. According to the exchange filing, the 77-year-old IT veteran said that he transferred 0.04 per cent stake or 15 lakh shares, to his grandson in an off-market transaction on Friday. Also…

Benchmark equity indices faced volatile trends in early trade on Monday, surrendering their initial gains to trade lower, following a weak lead from Wall Street and rising crude oil prices. The 30-share BSE Sensex climbed 126.36 points to 72,769.79 in early trade after a weak beginning to the trade. The…

Apple has agreed to pay $490 million to settle a class-action lawsuit alleging CEO Tim Cook misled investors about a steep downturn in iPhone’s sales in China that culminated in a jarring revision to the company’s revenue forecast. The preliminary settlement filed on Friday in Oakland, California, federal court stems…

Five of the top 10 valued firms faced a combined erosion of ₹2,23,660 crore from their market valuation last week, with Reliance Industries and Life Insurance Corporation of India taking the steepest hit amid an overall bearish trend in equities. Last week, the BSE benchmark tanked 1,475.96 points or 1.99…

Target: ₹1,844 CMP: ₹1,583.10 Vinati Organics enjoys global leadership in two specialty chemicals, with a market share of 70 per cent in IBB (isobutyl benzene) and 80 per cent in ATBS (2-Acrylamindo 2-Methylpropane Sulfonic Acid). In 9MFY24, revenue dipped by 15 per cent y-o-y, due to ATBS destocking and fall…

The board of Securities and Exchange Board of India (SEBI) on Friday gave its nod for the launch of a beta version of optional T+0 settlement for 25 scrips with a limited set of brokers. The board has approved a proposal to exempt additional disclosure requirements for FPIs having more…

Target: ₹1,720 CMP: ₹1,550.75 We hosted investors for a visit to JB Chemicals’ Daman lozenges facility to better understand the outlook. Key takeaways include: Geographical expansion with same customer, tech transfer for customer owned product and owned product push are three main levers of growth, companies want to do quick…

Shares of India’s Paytm rose a stock exchange-allowed maximum of 5% on Friday, a day after it got a third-party application provider license that will allow it to offer digital payments after its banking unit ceases operations. The license, granted by the country’s payments authority, came as Paytm Payments Bank…

Target: ₹500 CMP: ₹356.05 The current share price of Balrampur Chini (trades at 10.5xFY26EPS), we believe, disregards: improving sugar prices (ex-mill sugar price at 37-38/kg despite the peak production season) with likely reduction in acreage in Maharashtra and Karnataka (water availability challenges) in the coming season; its increased ethanol capacity…

NSE nifty was up by 0.13 per cent or 28.15 points to 22,045 while the BSE Sensex was at 72,795 up by 0.01 per cent or 13.22 points. A total of 3,364 stocks were actively traded, 2,186 advanced, while 1,092 declined and 86 stocks remained unchanged where 32 stocks hit…

Bajaj Auto’s ₹4,000-crore buyback offer received a strong response from investors. The offer was oversubscribed 6.89 times according to the data available at BSE. The buyback that opened on March 6 closed on Wednesday. The company announced its intention to buyback up to 40 lakh shares at a face value…

Bank Nifty opened today’s session at 47,341 versus yesterday’s close of 47,282. While the index made a high of 47,468.70 in the early trade, it made a U-turn and has declined to the current level of 47,285. The advance/decline ratio of the index stands at 4/8. ICICI Bank, up 1…

Following the the Reserve Bank of India’s recent restrictions on Paytm Payments Bank Ltd, BSE has advised its trading members to have additional bank accounts to avoid any impact on transactions on account of the central bank directive. “Investors are hereby informed that restrictions may impact securities market transaction of…

The NSE Nifty was up by 0.38 per cent, or 84.30, to 22,416.95 points, while the BSE Sensex was at 73,917.72, up by 0.57 per cent, or 412.78 points. A total of 3,216 stocks were actively traded; 897 advanced, 2,238 declined, and 81 stocks remained unchanged. At 9.30 am on…

Broader market came under heavy selling pressure on Monday, amid talk of potential bubble in the small- and mid-cap segments and stiff valuation. The BSE Sensex and NSE Nifty declined around 0.7-0.8 per cent while the slide was deeper in the case of BSE SmallCap that plunged 2.01 per cent.…

The NSE Nifty was down by 0.05 per cent or 10.25 points at 22,481.25, while the BSE Sensex was at 74,033.34 down by 0.13 per cent or 96.9 points. A total of 3,406 stocks were actively traded, 1,328 advanced, while 1,926 declined and 152 stocks remained unchanged where 100 stocks…

Securities and Exchange Board of India has notified the regulations for small and medium real estate investment trusts and specified that investment managers of such REITs should have a minimum net worth of ₹20 crore and the REITs can raise a minimum of ₹50 crore from at least 200 unit…

Venus Remedies has received marketing authorisation for its oncology drugs in Ukraine. This includes Paclitaxel, 100mg/16.7mL, 260mg/43.3mL, 300mg/50mL and 30mg/5mL, Oxaliplatin in concentrations of 50mg/10mL and 100mg/20mL, and Irinotecan in formulations of 100mg/5mL and 40mg/2mL. The company had been awarded its first disbursement of ₹7.5 crore under the Government’s Production…

The current fiscal year FY24 is set to end with record net inflows from Foreign Portfolio Investors (FPIs) into the Indian market, with net investments close to ₹12,000 crore ($1.4 billion) in March first week, after a tepid show in January and February. Also read: UAE’s exit from FATF grey…

Inflows into small-cap mutual fund schemes moderated by 10 per cent last month to ₹2,922 crore against ₹3,257 crore in January due to large-scale redemption amid concern over high valuation and strong signals from SEBI on the froth developing in these schemes. Also read: AMFI calls for stress test on…

Bummer, an innerwear company has raised ₹9.25 crores in a Pre-Series A1 funding round. Also read: Lux Industries expecting good growth in mid-premium segment The funding spearheaded by Gruhas Collective Consumer Fund marks one of their first investments as a fund. Further strengthening the strategic support, is the continued backing…

India’s currency, debt and equity markets, including BSE and NSE, are closed today on account of Mahashivratri. Markets will resume trading on Monday, March 11. The blue-chip Nifty 50 closed up 0.09 per cent at 22,493.55 on Thursday, while the S&P BSE Sensex rose 0.05 per cent to 74,119.39, hitting…

Helios Mutual Fund plans to launch as many as six new equity-oriented funds by March next year to increase its assets under management (AUM). “We want to launch at least five-six more funds by March, 2025, so that the obvious big categories are completed. These would be equity-oriented funds,” Helios…

Vedanta: The company is exploring all possible legal solutions, including the possibility of filing a review petition against the top court’s decision that rejected the mining giant’s plea to restart operations at its copper smelter in Thoothukudi, Tamil Nadu. * Infosys:* The IT major has announced the renewal of its…

The initial public offer of Chennai-based integrated marketing services firm R K Swamy has received an overwhelming response from investors. Till 7 pm on the final day (Wednesday, March 6) of bidding, the ₹423.56-crore IPO received 25.94 times subscription securing bids for 21,35,31,650 shares against 82,32,946 shares on offer. The…

Indian shares are set for a muted start on Wednesday, after snapping a four-session winning streak in the previous session, tracking Asian peers ahead of the Federal Reserve Chair’s congressional testimony and key U.S. jobs data. The GIFT Nifty was trading at 22,415 as of 7:53 a.m. IST, indicating that…

Tata Motors’ management might have decided to demerge its passenger vehicle (PV) and commercial vehicle (CV) businesses, but most domestic analysts do not see great potential in the stock price as they see only a “limited upside” following the sharp run-up in the price recently. The stock of Tata Motors…

The initial public offering from RK Swamy saw a strong response from retail investors, as it was subscribed 2.18 times on Day 1 itself. The ₹423-crore IPO received bids for 1.79 crore shares as against an offer for 82.32 lakh shares (net off anchor portion). Also read: IPO screener: JG…

Target: ₹181 CMP:L ₹153.80 India’s market share in the US home textile exports improved to 46/38 per cent in CY2023 for bedsheets/terry towels from 34/36 per cent in CY2022. With this, domestic players such as Welspun Living will benefit from improving global opportunities. Management is confident about its medium-term prospects…

Mukka Proteins will close for public subscription today. The ₹224-crore issue of Mangaluru-based Mukka Proteins saw a robust response so far from all categories, especially retail investors. The IPO, which came out with a price band of ₹26-28, was subscribed 6.96 times. Also read: IPO craze continues: Three firms to…

Extending the lacklustre trend witnessed in January, precious metals remained range-bound and the price action was devoid of any direction in February. The strength in the U.S. dollar and the recovery in the equity markets dented sentiments towards the precious metals. Also read: Is it the right time for you…

The National Stock Exchange (NSE) on Friday said its unique registered investors have surpassed nine crore, with the latest one crore additions taking place in just five months. Also read: SEBI’s concerns mount with flows into small/mid-cap funds The investor base has seen more than a three-fold jump in the…

Equity benchmark indices Sensex and Nifty ended at new closing high levels in the special trading session on Saturday, extending their previous day’s sharp rally, amid impressive GDP data and foreign fund inflows. Also read: Sensex, Nifty log fresh highs on robust GDP growth Leading stock exchanges BSE and NSE…

RK Swamy Ltd on Friday raised about ₹187 crore from 18 anchor investors ahead of its initial public offering (IPO), which opens on March 4 and closes on March 6. The Chennai-based company, which is engaged in the business of integrated marketing communications, customer data analysis and full-service market research, has…

Listed firms such as Bajaj Hindusthan Group, Ponni Sugars, Rana Sugars, DS Sugars and Godavari Biorefineries are among the 85 sugar companies against whom the Indian government has cracked the whip for allegedly selling more quantity of the commodity during November-December 2023. The Centre has cut 25 per cent of…

Suven Pharmaceuticals on Thursday said it will merge with contract development and manufacturing organisation platform Cohance Lifesciences. The entities have announced a proposed scheme of amalgamation for the purpose. Upon the scheme becoming effective, all shareholders of Cohance will be issued 11 shares of Suven for every 295 shares held…

Target: ₹3,050 CMP: ₹2,924.75 Reliance Industries, Viacom 18 and Disney have announced a binding agreement to form a joint venture to merge the media undertakings of Viacom18 (which includes JioCinema) and Star India (Colors, StarPlus, StarGOLD, Star Sports and Sports18). RIL will invest ₹1,150 crore in the JV for its…

NetEase, Inc. (Pre market) (Sector- Technology) CRH PLC (Pre market) (Sector- Realty) Canadian Imperial Bank of Commerce (Pre market) (Sector- Financials) Ambev S.A. (Pre market) (Sector- Miscellaneous) Argenx SE (Pre market) (Sector- Healthcare) Hormel Foods Corporation (Pre market) (Sector- FMCG) Best Buy Co., Inc. (Pre market) (Sector- Retail) Evergy, Inc.…

Benchmark indices ended a per cent lower on Wednesday amid profit booking and weak global cues. The Sensex was down 790 points or 1.08 per cent at 72,304.88, while the Nifty was down 247 points or 1.11 percent at 21,951. Cash market volumes on the NSE were lower than the…

The initial public offering of Exicom Tele-Systems Ltd received a robust response from retail and non-institutions (HNIs) on Day 1 of the issue opening on Tuesday, when it wassubscribed over 10 times. The IPO has a price range of ₹135-142 a share. The ₹429 crore-IPO received bids for 18,23,99,200 shares…

Target: ₹1,113 CMP: ₹1045.25 Aurobindo Pharma reported a good set of numbers in Q3-FY2024, beating our estimates on EBITDA and PAT basis. The company reported a 14 per cent y-o-y rise in total revenue to ₹7,351 crore, led by stronger-than- anticipated growth in all markets like the US (51 per…

In the past four months, through September 2023–January 2024, InterGlobe Aviation (IndiGo) lost domestic market share from the peak of 63.4 per cent to 60.2 per cent, which mirrored the strong fleet addition by competitors at 26 narrow body aircraft (20 by Air India, three by Vistara and three by…

Target: ₹2,670 CMP: ₹2,187.45 Grasim Industries on February 22 inaugurated its paint plants at three locations – Panipat (Haryana), Cheyyar (Tamil Nadu), and Ludhiana (Punjab). Construction at other three plants at Chamarajanagar (Karnataka), Mahad (Maharashtra) and Kharagpur (West Bengal) is in full swing and they will be commissioned in phases…

Domestic markets are expected to open flat on Monday amid mixed global cues. With global markets hitting new peaks with every passing day, analysts turned cautious on the valuation front. Individual stocks may face volatility due to the expiry of monthly derivatives contracts this Thursday, analysts said. Gift Nifty is…

Broking industry must not bask in past glory even as it has played a huge catalytic role in the growth of Indian capital markets in recent decades, Ashish Kumar Chauhan, Managing Director & CEO, National Stock Exchange (NSE) has said. Also read: NSE & IIM Kozhikode jointly organise a conference…

Billionaire Gautam Adani on Saturday met Uber CEO Dara Khosrowshahi, who is currently on a visit to India, and hinted at possible future collaborations between his conglomerate and the ride-hailing app. Also read: Uber signs MoU with ONDC, CEO Khosrowshahi calls India “one of the toughest markets”  Taking to X,…

The United Arab Emirates’ exit from the the grey list on Friday, nearly two years after its inclusion by the Financial Action Task Force, will ease the road for the country’s investors seeking to acquire significant influence in Indian NBFCs. Also read: Cayman’s exit from FATF grey list may bolster…

Capital market regulator SEBI has excluded investment made through ETFs and index funds from the regulations on exposure to a single stock of own group companies and nomination has been made option for joint investments in mutual fund schemes. In a consultation paper to promote ease of doing business among…

The ₹1,800-crore initial public offering of Juniper Hotels was subscribed fully on the last day of issue closing on Friday, thanks to qualified institutional buyers. The IPO saw a lukewarm response from non-institution investors whose portion was undersubscribed at 0.85 times. The IPO came out with a price band of…

Sensex, Nifty, Share Prices LIVE: Asian stocks extended gains in early trade on Friday, fuelled by the global rally in equities that’s seen share markets from the US to Europe and Japan hit all-time highs. Australian and South Korean shares opened higher, while a gauge of US-listed Chinese stocks climbed…

A dynamic stock market landscape, with volatile swings as a result of geopolitical challenges and inflationary concerns across the globe, calls for robust technology. An impending General election and some structural changes in the marketplace, including a proposal for extended trading hours and same-day settlement, added to the mix, and…

Sensex, Nifty, Share Prices LIVE: Japanese stocks and US futures rose Thursday in a sign of fresh momentum in global equities after Nvidia Corp. unveiled a better-than-expected revenue forecast. Japanese shares rallied, supported by a depressed yen, pushing the Nikkei 225 Index to within a whisker of its 1989 record…

Target: ₹1,467 CMP: ₹1,039.05 LIC’s focus on its Non-Par products is expected to drive the revenue and profitability growth in future. During the 9-month period ending December 2023, the share of non-par products increased to 14 per cent from 9.4 per cent a year ago. During the same period, the…

Recent Interviews As of 17:54 PM Tuesday 20 February 2024 Balaji Amines: D Ram Reddy, MD Balaji Amines Subdued Q3 Brigade Ent: Pavitra Shankar, MD We Will Continue To Invest In Land & New Projects: Brigade Enterprises Deepak Nitrite: Maulik Mehtav, CEO Key Levers For Growth; Uptick In Margins Likely?…

Target: ₹500 CMP: ₹446.55 We attended Coal India’s (CIL) Q3-FY24 conference call on February 19. Takeaways: FY24 volume likely to be 780 mt; e-auction premium has come off, but volume has improved; Q4FY24 e-auction volume likely to be 15 per cent of overall sales; FY25 production volume likely at 838…

Sensex, Nifty, Share Prices LIVE: Asian stocks held to tight ranges on Tuesday as investors await fresh sense of direction from the Wall Street. Australian stocks fell, weighed down by BHP Group after the miner missed profit estimates, while Japan stocks advanced slightly. Futures contracts for Hong Kong shares edged…

Bharti Airtel Ltd has launched two stores in the city of Jammu. The stores have come up in NH-1, Bari brahmana (near PNB bank) and Akhnoor Main market (near bus stand), according to the company’s statement. Also read:Broker’s call: Bharti Airtel (Buy) Commenting on the expansion, Adarsh Verma – COO,…

A study by PMS Bazaar that analyzed 335 PMS investment approaches and 388 mutual funds (regular funds) across one, three, five and 10-year periods showed that PMS investment approaches outperformed their benchmarks by 70 per cent on average across all timeframes and categories, while mutual funds outperformed 48 per cent…

Sensex, Nifty, Share Prices

General Elections 2024 is one of the biggest events to watch this year. A study on the Indian stock market performance in the previous election years shows that whatever the case ahead of the elections and its outcome, the Indian benchmark indices, the Sensex and Nifty 50, have generated positive…

Over-exuberance (read, greed) has led to most sectors and stocks in India being overvalued, and the market is happy to overpay for weak business models in some cases and unsustainable high profits in others, Kotak Institutional Equities said in a report. Also read:Coca-Cola says India business saw robust growth in…

Shares of Alpex Solar made a stellar listing at NSE-Emerge platform. As against the IPO price of ₹115, the stock was listed at with a huge premium of ₹345.45 and surged further to ₹362.70 — a gain of 215 per cent. The IPO, which opened between February 8–12, saw an…

Target: ₹1,998 CMP: ₹1,835.55 Mahindra & Mahindra standalone revenue from operations grew by 16.8 per cent y-o-y/4 per cent q-o-q, mainly driven by strong Automotive sales as well as premium mix of products in the Farm Equipment (FE) segment. Amongst segments, Automotive revenue grew by 25.5 per cent y-o-y/0.9 per…

Carlyle Group has sold equity stake worth ₹1,056 crore in Yes Bank through open market transaction. Carlyle Group sold 1.35 per cent stake at an average price of ₹27.10 per share. Of the 390,000,000 shares sold in the open market, Morgan Stanley Asia acquired 306,305,668 shares in Yes Bank for…

Equity benchmark Sensex climbed over 225 points to reclaim the 72,000-mark on Thursday, while the Nifty settled close to the 22,000 level, supported by hectic buying in market heavyweights M&M, HDFC Bank and SBI amid a largely firm trend in global equities. Besides, a heavy rush on auto, energy and…

Share of the merged entity of Pressman Advertising and Signpost India, the Digital Out of Home advertising company, started trading on Wednesday and hit the upper circuit of ₹327 on NSE and ₹318 on BSE. The listed entity Signpost India reported net profit of ₹9 crore against ₹5 crore logged…

Equity benchmark indices Sensex and Nifty bounced back from early lows to close higher on Wednesday, helped by fag-end buying in energy, metal and utility stocks amid a mixed trend in global equities. Rising for the second straight session, the 30-share BSE Sensex climbed 267.64 points or 0.37 per cent…

Target: ₹458 CMP: ₹452.40 Coal India reported higher than estimate EBITDA ex OBR at ₹11,900 crore (CentrumE: ₹10,950 crore), up 6.2 per cent y-o-y/ up 34 per cent q-o-q and EBITDA/t declined by 2.4 per cent y-o-y at ₹624/t (CentrumE: ₹573/t). The y-o-y increase is primarily due to increase in…

Benchmark indices Sensex and Nifty rebounded on Tuesday on buying in banking, financial services and IT sector stocks. The BSE Sensex surged 482.70 points or 0.68 per cent to settle at 71,555.19. The gauge moved between the day’s high of 71,662.74 and a low of 70,924.30 during intra-day. The NSE…

The NSE-Emerge IPO of Alpex Solar has received an overwhelming response from the investors with the issue being subscribed 301.45 times. The ₹74.52-crore IPO, that was open between February 8–12, came out with a price band of ₹109-115. The Greater Noida-based company plans to use ₹19.55 crore of the net…

Benchmark stock indices Sensex and Nifty closed sharply lower on Monday amid a rush for profit taking and mixed trends in global markets. The BSE Sensex settled 523 points or 0.73 per cent lower at 21,612.45. The benchmark touched the lowest level of 70,922.57 during intra-day trade. The broader NSE…

Stock markets would take cues from the upcoming macroeconomic data announcements and global trends besides keeping a watch on the trading activity of foreign investors, analysts said. The last batch of the ongoing earnings calendar would trigger stock-specific action, traders said. Also read: Index Outlook: Sensex, Nifty 50: Range-bound with…

Four of the top-10 most valued firms together added ₹2.18 lakh crore in market valuation last week, with Life Insurance Corporation and State Bank of India emerging as the biggest gainers. Also read: Inflation, industrial production data, global trends to drive market trends this week: Analysts From the top-10 pack,…

Godfrey Phillips India (₹2,366.3) Uptrend is intact Godfrey Phillips’ stock was tracing a horizontal trend in the second half of last year. It was oscillating between ₹2,020 and ₹2,200. But a fortnight ago, the stock broke out of the range and hit a record high of ₹2,646.75 on January 31.…

Nowadays, Central Government agencies such as the Income-tax department and the Enforcement Directorate (ED) are creating ripples in financial markets, with a host of companies coming under their radar. Some developments that have created shockwaves include raids/ searches on Polycab India, One97 Communications (Paytm), India Cements and Sobha. Often, such…

The runaway rally in shares of public sector companies has made analysts dig deeper on the reasons driving the rally. The BSE PSU index has risen by about 92 per cent in the last year compared with 18 per cent gains clocked by the Sensex. Capital goods, electric utilities, financials…