Category: Cryptocurrency

The shares of Bajaj Auto Limited were trading at ₹8,458 up by ₹11.05 or 0.13 per cent on the NSE today at 11.26 am. Bajaj Auto Limited announced yesterday that its wholly owned Dutch subsidiary, Bajaj Auto International Holdings BV (BAIH BV), has provided a €50 million loan (approximately ₹455.56 crore) to Pierer Bajaj AG […]

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

Veranda Learning Solutions has taken a 40.41 per cent stake in BB Publications Pvt Ltd (BB Virtuals) and acquired a 65 per cent stake in Navkar Digital Institute Pvt Ltd (Navkar Digital) for an undisclosed sum. Veranda Learning will acquire an additional 10.59 per cent stake in BB Virtuals by June 2025. The acquisitions amplify […]

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

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

Target: ₹930 CMP: ₹669.60 Adani Energy Solutions (AESL) is set to post robust growth in its transmission, distribution, and smart meters businesses. Transmission EBITDA is likely to double to ₹7,600 crore by FY27, driven by India’s renewable energy (RE) target, 20-25 per cent market share in ₹84,000 crore near term transmission bid and an ₹54,800 […]

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

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

The shares of MRO-TEK Realty Limited were trading at ₹75.72 up by ₹1.93 or 2.62 per cent on the NSE today at 10.45 am. MRO-TEK Realty Limited has officially changed its name to Umiya Buildcon Limited effective February 18, 2025, following approval from the Registrar of Companies, the company announced yesterday, February 20, 2025. […]

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

Shares of BSE Ltd soared nearly 4 per cent in early trade on Thursday, a day after Goldman Sachs acquired stake for ₹401 crore through an open market transaction. The stock has zoomed nearly 15 per cent from Tuesday’s low of ₹5,090. The US-based Goldman Sachs through its arm Goldman Sachs (Singapore) purchased 7.28 lakh […]

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

Brahma, an AI and content technology company within the DNEG Group, today announced it has acquired Metaphysic, a developer of generative AI technologies for photorealistic content creation. The merger values Brahma at $1.43 billion post-transaction. The shares of Prime Focus Limited were trading at ₹105.69 up by ₹1.20 or 1.15 per cent on the NSE […]

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

Bharti Telecom Limited has increased its stake in Bharti Airtel to approximately 40.47 per cent following a significant market transaction today. Indian Continent Investment Limited (ICIL), a promoter-group entity of Bharti Airtel, sold about 0.84 per cent shareholding (approximately 5.11 crore shares) for ₹8,485.11 crore. The shares of Bharti Airtel Limited were trading at ₹1,662.50, […]

Target: ₹600 CMP:₹324.85 Senco Gold’s reported Q3 EBITDA missed our estimate by about 500bps. However, most of the miss was led by hedging loss in the current quarter and hedging gain in the base quarter, as the adjusted gross margin (GM) decline was limited to only 100 bps. Q3 revenue growth at 22 per cent […]

The shares of Capacit’e Infraprojects Limited were trading at ₹344.15, up by ₹6.50 or 1.93 per cent on the NSE today at 10.45 am. Capacit’e Infraprojects Limited reported a 120 per cent surge in profit after tax (PAT) to ₹151 crore for the nine months ended December 31, 2024, compared to ₹69 crore in the […]

Quality Power Electrical Equipments (QPEE), a company specialising in power equipments and solutions across transmission and distribution (T&D), is out with its IPO which is open until February 18. The IPO is a mix of fresh issue and offer for sale to the tune of ₹225 crore and ₹633.7 crore respectively, totalling to ₹858.7 crore. […]

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

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

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

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

The shares of Senco Gold Limited were trading at ₹365.60 down by ₹81.40 or 18.21 per cent on the NSE today at 10.40 am. Kolkata-based jewellery retailer Senco Gold Limited reported its highest-ever quarterly revenue of over ₹2,100 crore for Q3 FY25, marking a 27.3 per cent year-on-year growth, according to a press release issued […]

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

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

In a battered market retail investor confidence is faltering as heightened volatility slows active client additions and new demat account openings. Data from the National Stock Exchange (NSE) reveals a significant drop in active investor numbers across major brokers, indicating that uncertainty is driving investors away. The second-largest discount broker, Zerodha, saw over 37,000 active […]

Shares of Ircon International Ltd plunged to a 52-week low of ₹159.61 on Wednesday, trading down 6.92 per cent at ₹167.40 on the NSE at 10:50 AM, after the railway infrastructure company reported a steep decline in its third-quarter profits. The Navratna PSU’s consolidated net profit fell 64.8 per cent to ₹86.1 crore in Q3FY25 […]

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

Indian equity markets opened lower on Tuesday as metal stocks faced pressure following US President Donald Trump’s announcement of 25 per cent tariffs on steel and aluminum imports, while the rupee hit a record intraday low of ₹87.96 against the dollar. The benchmark BSE Sensex was trading at 77,187.89, down 123.91 points or 0.16 per […]

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

Indian equity markets opened lower on Monday, weighed down by global trade concerns and mixed signals from international markets, with metal stocks leading the decline following US President Trump’s announcement of potential new steel tariffs. The Sensex opened at 77,789.30 compared to its previous close of 77,860.19 and is currently trading at 77,409.34, down by […]

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

Equity markets closed lower on Wednesday despite the Reserve Bank of India’s (RBI) first rate cut since May 2020, as investors remained concerned about global trade tensions and continued foreign institutional investor (FII) outflows. The BSE Sensex fell 197.97 points or 0.25 per cent to close at 77,860.19, while the Nifty 50 declined 43.40 points […]

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

Shares of BSE Ltd gained 3 per cent on Friday’s trade as its net profit doubled to ₹220 crore for the quarter ended December 2024, and revenue jumped 94 per cent to ₹835.4 crore. The stock closed 2.54 per cent positive on the NSE at ₹5,709 after hitting an intraday high of ₹5,748.70. Bullish brokerages […]

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

Bharti Airtel’s shares jumped 5.11 per cent to ₹1,702.45 on the NSE today at 10:20 am, following the telecom giant’s strong third-quarter results announced yesterday. The company reported a 121.3 per cent year-on-year (y-o-y) increase in consolidated net income (before exceptional items) to ₹5,514 crore for Q3 FY25. The telco’s consolidated revenue rose 19.1 per […]

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

Shares of Swiggy plunged 8 per cent in early trade on Thursday on reporting ₹799 crore loss in the quarter ended December 2024 as against ₹574.3 crore in the corresponding quarter previous year.  However, its revenue from operations was up 31 per cent at ₹3993.1 crore in the quarter under review as against ₹3048.6 crore […]

Net profit of brokerages to hit by 400 basis points on account of various regulatory changes announced in the last few months said, a report by CareEdge Ratings. Per CareEdge Ratings’ latest research on stockbrokers, the industry’s revenues are likely to grow at a slower pace of 13 per cent in FY25. “These changes […]

Equity markets opened higher on Wednesday, extending gains from the previous session, as foreign institutional investors (FIIs) turned net buyers after 23 consecutive sessions of selling, while optimism grew over potential easing of US-China trade tensions. The Sensex opened at 78,704.60 compared to its previous close of 78,583.81 and is currently trading at 78,657.27, up […]

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

Indian equity markets opened higher on Tuesday, with the Sensex surging over 700 points and Nifty gaining nearly 1 per cent, as investor sentiment improved after the US delayed implementing tariffs on Canada and Mexico while maintaining them on China. The Sensex opened higher at 77,687.60 compared to its previous close of 77,186.74 and is […]

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

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

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

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

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

Indian equity markets opened marginally higher on Saturday, the Union Budget day, as investors remained cautious while awaiting Finance Minister’s announcements amid mixed global cues and recent selling by foreign investors. The Sensex opened higher at 77,637.01 compared to its previous close of 77,500.57 and is currently trading at 77,635.33, up by 134.76 points […]

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

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

India’s stock market is witnessing a significant demographic shift, with nearly 50 per cent of new demat account holders since March 2020 being under 30 years, according to the latest National Stock Exchange (NSE) data. This surge has pushed the total number of active investors to 10.7 crore as of November 2024, with 7.6 crore […]

The Sensex opened slightly higher at 76,598.84 compared to its previous close of 76,532.96 and is currently trading at 76,575.57, up by 42.61 points or 0.06 per cent and the Nifty opened at 23,169.50 against its previous close of 23,163.10 and is now at 23,206.65, gaining 43.55 points or 0.19 per cent as investors digested […]

A regulatory ceiling on overseas investment have cost mutual fund investors dearly, especially in the last one year. Fund houses were directed to stop taking fresh subscriptions in schemes that invest in overseas securities from February 1, 2022, as the $7 billion limit set by RBI for such investment was close to being breached. Last […]

Results calendar: Bajaj Finance, Maruti, Tata Motors, Adani Power, Ambuja Cements, SRF, Indian Bank, Jindal Stainless, Voltas, Hitachi Energy, Gujarat Flurochemicals, Blue Star, KPIT Technologies, Radico Khaitan, Brigade Enterprises, CAMS, OneSource Specialty Pharma, Jupiter Wagons, JBM Auto, Chalet Hotels, Blue Dart, Asahi India Glass, eClerx Services, Deepak Fertilizers, Olectra Greentech, Craftsman Automation, ACME Solar Holdings, […]

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

Florida-based businessman Danny Gaekwad has written to the Board of Religare Enterprises Ltd (REL) conveying his intent to launch a competing offer to the Burman Group’s open offer, which opened on Monday. The letter, received by REL on Monday, follows Gaekwad’s communication to SEBI Chairperson on Sunday, in which he sought permission to waive certain […]

Results Calendar: Coal India, Indian Oil, Tata Steel, Bajaj Housing Finance, Canara Bank, Union Bank of India, Adani Total Gas, Petronet LNG, Federal Bank, ACC, Kaynes Technology, Adani Wilmar, New India Assurance Company, Indraprastha Gas, Sumitomo Chemical, Emami, Sundaram Fastners, Piramal Enterprises, Aditya Birla Sun Life AMC, LT Foods, Railtel Corporation, Prudent Corporate Advisory, Maharashtra […]

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

The ₹220.50-crore initial public offering of Denta Water and Infra Solutions saw an overwhelming response subscribing 221.52 times.  The IPO, which came out with a price band of ₹279-294 a share, received bids for 116.30 crore shares against the offered 52.50 lakh shares. The IPO was entirely a fresh issue of up to 75 […]

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

Home Markets Stocks Updated – January 25, 2025 at 09:43 AM. Q3 results today live updates 25th January 2025: Find all the latest updates related to the FY25 Q3 results of ICICI Bank, IDFC Bank, Yes Bank, NTPC Green Energy, Orient Bell, JK Cement, Transport Corporation of India and a few more companies. Share Copy […]

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

3 Results Today live updates January 24, 2025: Find all the latest updates related to the FY25 Q3 results of DLF, Godrej, Bank of India, Shriram Finance, Hindustan Petroleum, Intellect, JSW Steel, Andhra Cements, Orient Cements, Sagar Cements, AU Small Finance Bank, Aditya Birla Money, Shakti Pumps, Jindal Saw and a few more companies. ALL […]

Pidilite Industries stock gained 9 per cent on Thursday after reporting impressive growth volume in Q3 FY25. The stock closed 5.39 per cent higher on the NSE at ₹2,903.25, after hitting an intraday high of ₹2,997.20. The total market cap stood at ₹1,47,672.67 crore. On the BSE, the stock closed 5.57 per cent positive at […]

Results calendar: UltraTech Cement, Dr Reddy’s Laboratories, Hindustan Petroleum Corporation, Indus Towers, United Spirits, Adani Energy Solutions, Adani Green Energy, Amber Enterprises India, Capri Global Capital, Cyient, Dai-ichi Karkaria, Greaves Cotton, Indian Energy Exchange, KFin Technologies, Mankind Pharma, Mphasis, Nippon Life India Asset Management, Senores Pharmaceuticals, Sona BLW Precision Forgings, Spandana Sphoorty Financial, Suryoday Small […]

Investment platform Smallcase expects to turn profitable in the current year as it eyes more growth in the amount transacted on the platform, its Founder and Chief Executive Officer, Vasanth Kamath told businessline. Launched in July 2016, a smallcase is a basket or portfolio of stocks or exchange-traded funds (ETFs) representing an objective, theme, or […]

Quarterly Results 2025, Q3 Results Today, Q3 announcement live updates 22nd January 2025: Find all the latest updates related to the FY25 Q3 results of HDFC Bank, Bharat Petroleum (BPCL), Hindustan Unilever (HUL), Tata Communications, Pidilite, Polycab, Heritage foods and a few more companies. ALL UPDATES January 22, 2025 09:28 Q3 earnings: Dalmia Bharat sees […]

Kolkata Lumino Industries, a major player in the power EPC industry, has filed its draft red herring prospectus with capital markets regulator SEBI to raise₹1000 crore through initial public offering. The IPO, with a face value of ₹5, is a mix of fresh issues of shares up to ₹600 crore and an offer-for-sale up to […]

Home Markets Stocks Updated – January 21, 2025 at 08:58 AM. Quarterly Results 2025, Q3 Results Today, Companies Q3 earnings announcement live updates 21st January 2025: Find all the latest updates related to the FY25 Q3 results of India Cements, ICICI Prudential Life Insurance, UCO Bank, Tata Technologies, South Indian Bank, PNB Housing Finance, and […]

The capital market regulator SEBI has cleared six applications for initial public offering to cumulatively raise about ₹11,000 crore and returned the filings of Anand Rathi Share and Stock Brokers. Last December, Anand Rathi Share and Stock Brokers filed its Draft Red Herring prospectus with SEBI for IPO to raise up to ₹745 crore. In […]

Kotak Mahindra Bank reported a net profit of ₹3,305 crore for Q3FY25, marking a 10 per cent year-on-year (y-o-y) increase and flat growth on a quarter-on-quarter basis, driven by stable core income growth. The bank’s net interest income (NII) rose 10 per cent y-o-y to ₹7,196 crore, while other income increased 14 per cent y-o-y […]

I have bought one lot of Sun Pharmaceutical 1800-put option for ₹29.85. Also, I bought two lots of HUDCO 215-put option for an average price of ₹6.6. Both are January expiries. What should be my target and stop-loss for these positions? – Anish Das Sun Pharmaceutical Industries (₹1,786.55): The stock, which has been on a decline since the beginning […]

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

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

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

The units of Capital Infra Trust, an infrastructure investment trust (InvIT), made a flat market debut on Friday, listing at par with the issue price of ₹99. Later, it hit a low of ₹98.80 and a high of ₹99.49, before closing at ₹99.01 on the BSE. On the NSE, the units of InvIT closed at […]

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

Q3 Results 2025, Q3 Results Today, Companies Q3 earnings announcement live updates: Find all the latest updates related to the FY25 Q3 results of Tech Mahindra, Aether, Wipro, ICICI Lombard General Insurance, SBI Life Insurance and few more companies.

Target: ₹2,180 CMP: ₹1,791.70 HCL Technologies (HCL Tech) reported revenue of $3,533 million, up 3.8 per cent q-o-q/4.1 per cent y-o-y in constant currency (CC) terms, missing our estimates of $3,561 million. Revenue in rupee terms stood at ₹29,890 crore, up 3.6 per cent q-o-q/5.1 per cent y-o-y. Revenue growth was led by Software, ER&D, […]

Gift Nifty at 23,400 signals another positive opening for Nifty. The focus has shifted to Q3 performance, as prominent companies such as Alok Industries, Axis Bank, BEPL, DB Corp, Hatsun, Havells, Infosys, Kesoram, LTI Mindtree, Mastek, Metrobrand and Reliance, among others, will declare their results today. Besides, the policies of Donald Trump, who is set […]

Target: ₹1,755 CMP: ₹1,070.95 We initiate coverage on Associated Alcohols & Breweries Ltd (AABL), a thinly researched stock with a Buy and a TP of ₹1,755. Building on its strong legacy as a contract manufacturer for marquee brands, AABL is now entering a new chapter, expanding beyond a B2B supply model into a robust, consumer-facing […]

The IPO of Laxmi Dental will close today for public subscription. The IPO that comes out with a price band of ₹407-428 a share saw a tremendous response from non-institutional investors including retail by subscribing 16 times. The minimum lot size is 33 shares. The initial public offering of OrbiMed-backed Laxmi Dental received bids for nearly […]

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

India’s benchmark indexes are likely to open higher on Tuesday after closing at seven-month lows in the previous session, while IT company HCLTech will be in focus after reporting a smaller-than-expected quarterly revenue. The GIFT Nifty futures were trading at 23,274 as of 7:55 a.m. IST, indicating that the blue-chip Nifty 50 will open above […]

Target: ₹1,340 CMP: ₹811.20 Medplus Health Services Ltd (MHSL) is the second-largest player in India’s retail pharmacy segment, operating a robust network of 4,552 stores as of H1FY25 and holding an organised market share exceeding 10 per cent. Its store network spans across 12 States, with a strong focus in southern India, which accounts for […]

Shares of Standard Glass Lining Technology Ltd will be listed at the stock exchanges on Monday after a blockbuster IPO subscription. The company has fixed the IPO price at ₹140, at the upper end of the price band of ₹133-140. According to the grey market premium, the stock is expected to list around ₹230. The IPO […]

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

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

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

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

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

Puravankara Ltd on Thursday said it has acquired 3.63-acre land parcel in Bengaluru to build a housing project with an estimated revenue of Rs 700 crore. The land parcel, located at Kanakapura Road, Bengaluru, will have a saleable area of 5.42 lakh sq ft and a total estimated Gross Development Value (GDV) of more than […]

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

Quadrant Future Tek’s initial public offering (IPO) has been a huge success among retail and high-net-worth investors. The IPO, which closes today, has been subscribed 48.99 times so far. Retail investors, the most aggressive, saw their portion reserved for them was subscribed 137.22 times. The ₹290-crore offer, which is entirely a fresh issue, comes out […]

Target: ₹1,703 CMP: ₹1,415.20 Clean Science & Technology Ltd (CSTL) is a leading specialty chemical company operating in over 35 countries, with more than 60 per cent of its revenue generated from exports. The company has strong technical capabilities, sustainable catalytic processes, and effective backward integration, which allows it to deliver competitively priced products […]

The initial public offering of Quadrant Future Tek saw a tremendous response from all category investors, who subscribed 15.86 times. Retail investors made aggressive bidding, and the portion reserved for them was subscribed nearly 55 times. The ₹290-crore initial public offering Quadrant Future Tek will close for public subscription on Thursday. The IPO, an entirely […]

Edelweiss Financial Services has launched ₹100 crore public issue of secured redeemable non-convertible debentures of the face value of ₹1,000 each. The issue also has a green shoe option to retain another ₹100 crore, in case of oversubscription. The Issue has 12 series of NCDs carrying fixed coupons and having a tenure of 24months, 36months, […]

Capital Infra Trust is launching an IPO for its infrastructure investment trust (InvIT) today. Capital Infra Trust has a fixed price band for InVIT at ₹99-100 per unit. The ₹ 1,578-crore initial share sale consists of fresh shares worth ₹1,077 crore and an offer-for-sale of ₹501 crore by the sponsor-selling unitholder, Gawar Construction Ltd.  The […]

Target: ₹3,800 CMP: ₹2,616.15 In our recent interaction, Godrej Properties’ management reiterated that it remains confident of surpassing the FY25 pre-sales guidance of ₹27,000 crore. The recent capital raise will enable the company to maintain a high growth trajectory for at least the next two years. It aims to replicate NCR’s success across markets and […]

  The domestic market is likely to begin the new week on a positive note. Gift Nifty 24,150 signals a positive opening of about 60 points for the Nifty. Vikram Kasat, Head – Advisory, PL Capital – Prabhudas Lilladher, said: market volatility remains a concern, and sustained momentum has yet to materialise. “Investors are keenly awaiting the […]

For the stock of Adani Energy Solutions (₹821.25), the short-term outlook turned positive after a recent bounce. Immediate support levels are at ₹793 and ₹697. A conclusive close below the latter will alter the short-term positive view. Nearest resistance is at ₹842. A close above this has the potential to lift Adani Energy Solutions towards ₹940. In the short […]

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

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

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

The Indian primary market is in a sweet spot, as we all know. The number of initial public offerings on the main board (BSE and the National Stock Exchange) has been on the rise, and 2024 saw 90 companies tapping the market. Of the 90, nearly 70 companies received bids for over 10 times; leading […]

Zairus Master, chief business officer at Honasa Consumer, has resigned from his post and will step down on February 28, the company said in an exchange filing on Thursday. The Gurugram-based firm is the parent company of Mamaearth, The Derma Co, Aqualogica, Dr Sheth’s, BBlunt. The Securities and Exchange Board of India (SEBI) has dismissed […]

Target: ₹600 CMP: ₹405.45 We carried out comprehensive channel checks to better understand medium-term demand trends and what went wrong in Q2-FY25, which led to muted volume growth. Our ground checks suggest that Jyothy Labs shall report minimum volume growth of 5-6 per cent+ during Q3-FY25, along with improved profitability on the back of: […]

RailTel Corporation has secured a ₹78.43-crore order from Bharat Coking Coal Ltd.  Jawaharlal Nehru Port Authority has issued a Letter of Award (LoA) to Trident Agrocom Exports and Man Infraconstruction consortium for the development of a ₹284-crore agro facility at its port. The consortium received the LoA on December 30, JNPA said. Reliance Power said […]

Target: ₹3,801 CMP: ₹2,556 Adani Enterprises Ltd (AEL), the incubator of many successful industry leading businesses, is ambitiously diversifying into green H2 and its ecosystem to drive future growth. Despite stock volatility following US Department of Justice (US-DOJ) notice in Nov 2024, AEL has demonstrated resilience, supported by robust fundamentals and operational strength in FY25. […]

SJVN: Company has signed a MoU with the Bihar government for the development of the 1000 MW Hathidah Durgawati Pumped Storage Project. (Positive)  Kalpataru Projects: Company secures Rs 1,011 crore in new orders. (Positive)  Dynacons: Company wins Rs. 280 crore data center project from Canara Bank (Positive)  Indo-Tech Transformers: Company secures Rs 117.17 crore order […]

Target: ₹1,600 CMP: ₹1,445.15 We initiate coverage on Shaily Engineering (Shaily), as we believe the company will benefit not only from its longstanding relationship with its existing customers but its ongoing emphasis on growing its healthcare and other segments would also catapult its operational performance into a consistent and strong growth trajectory. Shaily has strong […]

Share Market Live Updates 31 December 2024: The stock of IndusInd Bank has been in a downtrend since early 2024. In October, the selling momentum increased and as it stands, the bears seem to be retaining their dominance.

Ola Electric Mobility’s stock fell 5.05 per cent to close at ₹85.39 on the BSE on Monday, following the resignation of two key executives. Chief Marketing Officer Anshul Khandelwal and Chief Technology & Product Officer Suvonil Chatterjee stepped down effective December 27, citing personal reasons, the company announced in a regulatory filing. Read also: Suzlon […]

The Indian benchmark indices opened the week with a gap-up. But thereafter, the Sensex, Nifty 50 and the Nifty Bank index remained stable and range bound all through the week. The Nifty Bank index was up just one per cent. Nifty 50 and Sensex on the other hand closed the week higher by 0.96 per […]

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

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

I am holding Axis Bank shares at ₹810. What is the long-term outlook? Dhayaanithi M, Hosur Axis Bank (₹1,079): The broader trend is up and strong. The stock touched a high of ₹1,339 in July this year and has been in a corrective fall since then. Immediate support is at ₹1,060. Next important support is […]

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

Target: ₹393 CMP: ₹340.45 Petronet LNG’s consolidated revenue rose 3.9 per cent y-o-y to ₹13,024 crore in Q2-FY25, supported by robust volume growth, primarily from its Dahej terminal. It processed 225 trillion British thermal units (TBTU) of LNG, a 7.1 per cent y-o-y increase, compared to 210 TBTU processed in Q2-FY24. However, this represents a […]

Share Market Live Updates 27 December 2024: The share price of Sheela Foam could be gearing up for a fresh rally. The stock has formed a strong base above the 200-Day Moving Average (DMA) over the last couple of weeks. The price action this week indicates that the chances of a breakout are high in […]

Target: ₹940 CMP: ₹828.90 We downgraded TCI Express (TCIE) to Neutral (from Buy) in October 2024 after Q2-FY25 results, due to concerns over volumes and profitability. TCIE’s business performance and volume growth have been impacted by additional cost pressures in the Air Express division, increased competition, and slower growth in key sectors such as manufacturing, […]

Share Market Live Updates 26 December 2024: The outlook for TD Power Systems is bullish. The stock has been moving in a bull channel since October this year. Currently, the share price is hovering around the lower end of the channel, with a cluster of support in the ₹450–₹440 region, where the channel support is […]

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

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

Target: ₹1,340 CMP: ₹1,189.35 Lloyds Metals and Energy Ltd (LMEL), is engaged in mining iron ore, manufacturing coal–based Direct Reduced Iron (DRI)/(Sponge Iron), generating power and trading of pellets. The company is one of the largest DRI manufacturers in Maharashtra with a production capacity of 3,40,000 TPA across two districts; Ghugus, Chandrapur district (2,70,000 MTPA, […]

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

Markets bounced back on Monday after five consecutive sessions of losses, with the BSE Sensex rising 498.58 points to close at 78,540.17, and the NSE Nifty gaining 165.95 points to end at 23,753.45, driven by positive global cues and lower-than-expected US inflation data. The market opened significantly higher, with the Sensex starting at 78,488.64 and […]

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

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

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

The Indian primary market witnessed 2024 as the blockbuster year for initial public offerings (IPOs), according to a report by Motilal Oswal. The report highlighted that a record-breaking ₹1.8 lakh crore was raised through more than 317 IPOs so far this year. This figure surpasses the previous high of ₹1.3 lakh crore set in 2021 […]

Freshworks’ founder Ratna Girish Mathrubootham has sold shares worth $40 million on the Nasdaq, according to the company’s filing in the US Securities and Exchange Commission. The sale happened on December 18 and 19, the filing says. On December 18, Mathrubootham sold 8.35 lakh shares worth $14 million. The filing says he sold 16.6 lakh […]

The equity market recorded its biggest weekly fall in more than two years, with the NSE Nifty 50 declining 4.77 per cent and BSE Sensex falling over 4 per cent for the week, marking their steepest decline since June 2022. The selloff intensified on Friday, with the Sensex plummeting 1,176.46 points or 1.49 per cent […]

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

Indian equity markets witnessed a sharp sell-off on Thursday, with the BSE Sensex plummeting 964.15 points to close at 79,218.05, marking a significant decline of 1.20 per cent. The broader NSE Nifty 50 index also experienced heavy losses, dropping 247.15 points or 1.02 per cent to settle at 23,951.70. Dr Reddy’s topped the gainers’ list […]

U.S. stocks plunged on Wednesday, erasing earlier gains after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank’s economic projections signalled a slower pace of cuts next year. The Fed cut rates by 25 basis points to the 4.25%-4.50% range and its summary of economic projections (SEP) […]

Stock markets concluded Wednesday’s trading session on a bearish note, with benchmark indices experiencing a third consecutive day of profit booking ahead of the crucial US Federal Reserve monetary policy meeting. The Sensex tumbled 502.25 points or 0.62 per cent to close at 80,182.20, while the Nifty 50 dropped 137.15 points or 0.56 per cent […]

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

ITI Mutual Fund expect the growth to moderate next year even though the structural long-term growth story for India remains intact driven by favourable demographics and stable governance. The heightened trade friction, problems in China and global geopolitical situation is expected to put pressure on the fiscal positions of major economies, it said. In the […]

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

LTIMindtree has launched a new Cyber Defense Resiliency Center (CDRC) in Bengaluru, aimed at bolstering enterprise cyber security through artificial intelligence. The 100-seat facility will provide round-the-clock cyber threat intelligence and incident response services to global clients. The shares of LTIMindtree were trading at ₹6,732 up by ₹17.55 or 0.26 per cent at the closing […]

Vishal Mega Mart’s initial public offer was subscribed over 27 times on the last day of the issue with bids coming in for over 2,064 crore shares as against the 75.7 crore shares on offer. An overwhelming number of bids came in from qualified institutional buyers (QIBs), the portion being subscribed nearly 81 times. Non-institutional […]

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

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

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

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

Shares of Mahanagar Telephone Nigam Ltd (MTNL) fell 2.05 per cent to ₹57.33 on the BSE today, after the company had announced that it was unable to fund the escrow account for the semi-annual interest payment on its 6.85 per cent MTNL Bond Series, due on December 21, 2024. The company cited insufficient funds as […]

Emkay Global Target: ₹2,950 CMP: ₹2,188.40 Shriram Pistons (SPRL) has entered an agreement for acquiring 100 per cent shareholding in TGPEL Precision Engineering (TGPEL), a manufacturer of high precision injection molds and components, at an EV of ₹220 crore on a debt-free, cash-free basis (expected to close by end December 24; press release). We believe […]

Anand Rathi CMP: ₹577.40 HPL Electric & Power Ltd is an India-based company, which is a multiproduct electric equipment manufacturer. The Company’s product portfolio covers a wide range of low-voltage electric products including metering solutions, switchgears, lighting products, wires and cables, solar solutions, and modular switches. The company’s business operations are through two segments: Metering […]

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

Shares of Housing and Urban Development Corporation Limited (HUDCO) fell by 0.37 percent to ₹253.35 on the BSE at 2.34pm today. The Delhi Development Authority (DDA) had signed a Memorandum of Understanding (MoU) with HUDCO on December 10, 2024, in New Delhi.  Also read: INOXGFL Group forays into solar manufacturing segment According to its exchange […]

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

Mahindra & Mahindra Limited announced today the incorporation of Velos Hybren Private Limited, a new step-down subsidiary focused on renewable energy operations. The company was incorporated on December 9, 2024, in Mumbai, Maharashtra, as a wholly owned subsidiary of Mahindra Susten Private Limited (MSPL). The shares of Mahindra & Mahindra Limited were trading at ₹3,074.20 […]

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

Kernex Microsystems (India) Limited has secured a major contract worth ₹2,041.04 crores from Chittaranjan Locomotive Works, a division of the Ministry of Railways, the company announced today. The shares of Kernex Microsystems (India) Limited were trading at ₹1,194.75 up by ₹56.85 or 5 per cent on the NSE today at 2.44 pm. The contract involves […]

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

Long-term investors can buy the shares of HDFC Bank (₹1,856) at current levels. The prolonged consolidation in the stock has come to an end. The strong rise and close above ₹1,800 last week have confirmed the range breakout. Before the recent rise, HDFC Bank’s share price oscillated between ₹1,270 and ₹1,760 since 2021. So, the […]

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

Notwithstanding the gyration in the secondary market, about ten companies are looking to raise ₹20,000 crore in December through the initial public offering this month. The celebration in the primary market will start with eight IPOs opening for subscription in the coming week. The week will start with Vishal Mega Mart and Sai Life Sciences’ […]

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

Synergy Green Industries Limited announced today a significant supply agreement with Envision Energy India Pvt Ltd for manufacturing wind turbine castings, marking a strategic expansion in the renewable energy manufacturing sector. The shares of Synergy Green Industries Limited were trading at ₹469.40 up by ₹16.65 or 3.68 per cent on the NSE today at 3.08 […]

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

Zota Health Care Limited has announced a significant expansion of its Davaindia pharmacy chain, reaching 1,294 operational stores as of December 4, 2024. The company has notably increased its Company-Owned Company-Operated (COCO) stores from 501 to 601 in just two months. The shares of Zota Health Care Limited were trading at ₹619.60 up by ₹7.20 […]

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

Tembo Global Industries Limited has won a domestic water irrigation project order valued at ₹43.89 crore, the company announced today. The order involves supplying Ductile Iron (DI) pipes and is slated for completion within 12 months. The shares of Tembo Global Industries Limited were trading at ₹737.85 up by ₹14.45 or 2 per cent on […]

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

Gland Pharma Limited announced today that it has received United States Food and Drug Administration (USFDA) approval for Latanoprost Ophthalmic Solution, 0.005 per cent (2.5 mL Fill). The pharmaceutical company’s latest product is bioequivalent to Xalatan, the reference listed drug held by UPJOHN US 2 LLC. The shares of Gland Pharma Limited were trading […]

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

One Point One Solutions Ltd. has announced a strategic partnership with a global data analytics and consumer credit reporting firm to enhance customer experience solutions in India. The collaboration, revealed today, aims to strengthen the company’s omni-channel customer engagement capabilities. The shares of One Point One Solutions Ltd. were trading at ₹59.52 down by ₹2.59 […]

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

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

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

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

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

Shares of the Adani Group rose in early trading on Friday, despite the ongoing regulatory scrutiny facing the conglomerate. Adani Green Energy shares soared 14.36 per cent at about 950 am on Friday, while Adani Enterprises rose 0.49 per cent. Adani Total Gas gained 3.46 per cent and Adani Energy Solutions climbed 11.20 per cent […]

SpiceJet’s stock price climbed nearly 3 per cent in early trade on Thursday on the BSE after Aircastle Ireland Designated Activity Company, an aircraft lessor, withdrew its insolvency case against the airline in the NCLT. This development comes on the heels of a successful settlment of the $23.39-million dispute between them. SpiceJet agreeed to pay […]

Ajmera Realty & Infra India Ltd (ARIIL) has repaid ₹100 crore of its corporate debt, reducing outstanding borrowings from ₹793 crore to ₹693 crore, the company announced in a press release today. The debt reduction was funded through a recent equity offering of ₹225 crore. The shares of ARIIL were trading at ₹1,054, up by […]

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

ITCONS E-Solutions Ltd has secured a significant contract from the Defence Research & Development Department, the company announced today. The shares of ITCONS E-Solutions Ltd were trading at ₹607, up by ₹13.30 or 2.24 per cent on the BSE today at 1:30 pm. The contract, awarded by the Office of DG (MSS), Ministry of Defence, […]

The regulatory intervention failed to dent investors’ interest in the IPO of C2C Advanced Systems. The Bengaluru-based company’s IPO that opened on Friday at NSE-Emerge platform was subscribed 116.67 times overall. The company was forced to come with a withdrawal option to investors from the IPO after some discrepancies in its account statement. Due to […]

Sagility India Limited reported robust financial results for the second quarter of fiscal year 2024-25, announcing a 21.1 per cent year-on-year revenue increase to ₹1,325 crore ($157.9 million). The shares of Sagility India Limited were trading at ₹31.54, up by ₹2.86 or 9.97 per cent on the NSE today at 1.35 pm. The healthcare technology […]

Target: ₹1,978 CMP: ₹1,496.60 We maintain Buy on SBI Life Insurance Company considering the attractive valuation and no major change in medium/long-term potential VNB growth/RoEV. While some adjustments in channel preference may/may not impact near-term VNB growth proposition, we believe current valuation correction is overdone considering the scope of possibilities around lower bancassurance growth being […]

Equity markets maintained strong momentum in Monday afternoon trading, with the benchmark BSE Sensex holding firmly above the psychologically crucial 80,000 mark. The 30-share index traded at 80,254.58, up 1,137.47 points or 1.44% from its previous close, while the broader NSE Nifty advanced 373.30 points or 1.56% to 24,280.55 at 12:30 PM. The market breadth […]

The ₹10,000-crore initial public offering of NTPC Green Energy closes subscribed 2.42 times on the last day of issue closing on Friday. The IPO that came out with a price band of ₹102-108 received bids for 143.37 crore shares against 59.32 crore shares on offer. The retail investors’ portion was subscribed 3.44 times. The company […]

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

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

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

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

The shares of Vodafone Idea Limited (VIL) were trading at ₹6.69 down by ₹0.22 or 3.18 per cent 1.45 pm. The shares of the company hit 52-week low on the NSE today. Vodafone Idea Limited (VIL), disclosed in the investors meeting, plans to begin 5G service deployment in Q4FY25 and has secured equipment deals worth […]

Target: ₹207 CMP: ₹173.25 Star Cement Ltd (SCL) reported 9.6 per cent y-o-y growth in its sales at ₹642 crore with underlying sales volume growing 7.4 per cent y-o-y to 1.0 mt. Sales volume in North-East grew 11.5 per cent y-o-y to 0.75 mt while outside North-East, it fell 5.1 per cent to 0.21 mt. […]

Equity markets witnessed significant volatility in mid-day trading on Thursday, with the Sensex and Nifty experiencing notable declines driven by sharp sell-offs in specific stocks, particularly in the Adani group. The Sensex, which opened at 77,711.11, was trading at 77,133.74 by 12.33 PM, down 444.64 points or 0.57 per cent. Similarly, the Nifty slipped to […]

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

NTPC Green Energy Ltd. (NGEL), the renewable energy arm of NTPC, has launched its initial public offering (IPO) to raise ₹10,000 crore. The issue — subscribed 33 per cent so far — concludes on November 22, 2024 Arete Securities has recommended a ‘subscribe’ to the IPO, citing the company’s strong capacity expansion plans and strategic […]

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

Equity benchmarks continued their upward momentum on Tuesday afternoon, with the BSE Sensex climbing 995.52 points to 78,334.53 and the Nifty 50 rising 293.40 points to 23,747.20, marking gains of 1.29 per cent and 1.25 per cent respectively by 12:30 PM. The market breadth remained firmly positive, with 2,891 stocks advancing compared to 945 […]

Target: ₹339 CMP: ₹301.10 PNC Infratech (PNCL) Q2-FY25 operational results were lower than consensus estimates. Numbers were impacted from weak execution as adjusted revenue declined by 58 per cent y-o-y. The decline in revenue was due to delay in appointed date in certain projects and due to peak monsoon in some areas. The company has […]

Nippon India Mutual Fund has launched two new passive funds on Nifty auto and realty indices. Both the funds will invest in the securities of their respective underlying indices. Passive funds have several inherent advantages for investors, such as low cost, diversification through a single unit and transparency, as both the funds will mirror their […]

Target: ₹2,007 CMP: ₹1,303.20 SignatureGlobal India had delivered 63 per cent sales booking CAGR over FY21-24, largely via affordable/mid-income housing projects. It has now achieved H1FY25 sales bookings of ₹5,900 crore driven by the launch of its Titanium project in Sector 71, Gurugram and Daxin Vistas project in Sohna, Gurugram. Given its strong launch pipeline […]