Category: Cryptocurrency

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

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

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

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

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

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

Shares of Eicher Motors on Thursday jumped over 8 per cent after the firm said its consolidated profit after tax increased 8 per cent in the September 2024 quarter. The stock soared 8.35 per cent to Rs 4,972.50 on the BSE. At the NSE, it surged 8.37 per cent to Rs 4,973. Eicher Motors on […]

Benchmark indices fell for the fifth straight session on Wednesday, entering correction territory, amid a sharp surge in domestic inflation, firm dollar and rising US bond yields. Wednesday also marked the end of of the popular trading instrument – Bank Nifty weekly contracts. October retail inflation soared to a 14-month high of 6.2 per cent, […]

In recent days, the Indian stock market has faced significant declines, spurred by a convergence of domestic and global economic factors. The Indian equity market, represented by key indices such as the Sensex and Nifty, has shown notable volatility over the past two days, with sharp declines unsettling investors and signalling potential shifts in market […]

Target: ₹3,100 CMP: ₹2,677.90 Doms Industries has reported another strong quarter amid a slowdown in the broader consumption space. Its Q2-FY25 revenue/EBITDA/PAT growth at 20/32/43 per cent y-o-y were ahead of BNP Paribas expectation. We raise our FY25-27E EPS by 3-5 per cent and expect Doms to double its earnings over FY24-27. Doms completed the […]

Shares of Sagility India Ltd, a technology-enabled services provider in the healthcare space, on Tuesday listed with a premium of 3.53 per cent against the issue price of ₹30. The stock made its debut at ₹31.06, up 3.53 per cent from the issue price on both the BSE and NSE. Later, it jumped 7.2 per […]

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

Hindalco Industries, an Aditya Birla Group company, is expected to report 65 per cent rise in September quarter net profit at ₹3,625 crore against ₹2,196 crore logged last year, despite a weak performance by its wholly-owned US subsidiary Novelis plc. Revenue is expected to jump 6 per cent to ₹57,704 crore (₹54,169 crore), as per […]

Food delivery and grocery major Swiggy’s initial public offering has been oversubscribed by 3.59 times after a tepid response in the first two days. The qualified institutional buyers (QIBs) portion was booked 6.02 times — the highest, NII portion was booked 41 per cent and the retail investor’s portion was subscribed 1.14 times. The […]

Target: ₹600 CMP: ₹459.15 Aadhar Housing Finance (Aadhar) delivered a strong quarter with a PAT beat of 9 per cent JMFe at ₹230 crore (+15 per cent y-o-y, 13.7 per cent q-o-q) driven by: strong AUM growth of (+5 per cent q-o-q, +20.8 per cent y-o-y) at ₹22,800 crore led by healthy disbursements of ₹2,040 […]

Foreign Portfolio Investors (FPIs) continued their selling in the Indian equity markets, recording net outflows of ₹19,994 crore in just the six trading sessions so far in November 2024. For the first time this calendar year, FPI net investments turned negative with net outgo between January 1 to November 8 at ₹13,401 crore, data with […]

Foreign Portfolio Investors (FPIs) continued their selling in the Indian equity markets, recording net outflows of ₹19,994 crore in just the six trading sessions so far in November 2024. For the first time this calendar year, FPI net investments turned negative with net outgo between January 1 to November 8 at ₹13,401 crore, data with […]

Target: ₹430 CMP: ₹338.15 Aptus Value Housing Finance reported earnings of ₹180 crore (in line with our estimates), up 23 per cent y-o-y and 6 per cent q-o-q. AUM was up +27 per cent y-o-y, within the guided range of 25-30 per cent with disbursements up 26 per cent y-o-y and 39 per cent q-o-q […]

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

The initial public offering of Niva Bupa Health Insurance Company is entering day 2. The IPO that comes out with a price band of ₹70-74 a share closes on November 11 (Monday). The IPO has so far been subscribed 0.65 time. The IPO is a mix of fresh issue of up to ₹800 crore and an offer-of-sale up […]

Target: ₹580 CMP: ₹513.10 Saregama India’s strong headline numbers masked the weakness in music licensing revenue. Consolidated revenue grew 40.3 per cent y-o-y, aided by strong growth in the video segment. Music Licensing revenue growth was soft, up 8 per cent y-o-y in Q2, despite the impact of select platforms moving to a paid model […]

Niva Bupa Health Insurance Company has fixed the price band of ₹70-74 a share for its forthcoming IPO that will open on November 7 and close on November 11. The IPO is a mix of fresh issue of up to ₹800 crore and an offer of sale up to ₹1,400 crore by Bupa Singapore Holdings […]

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

The much-awaited Swiggy’s initial public offering opens to public today. The IPO targets ₹11,327.43 crore through a combination of fresh issue worth ₹4,499 crore and offer for sale of 17.51 crore shares worth ₹6,828.43 crore. The IPO, priced at ₹371-390, will close on November 8 and the lot size is 38 shares. Up to 75 […]

Indian equities staged a strong recovery on Tuesday amid expectations of stimulus measures from China and short covering ahead of the US election results. The Sensex closed at 79,476, gaining 694 points or 0.88 per cent, while the Nifty advanced 0.91 per cent to end at 24,213. The recovery came after Monday’s decline, with markets […]

Domestic markets are likely to open with a downward bias on Tuesday amid mixed global cues ahead of the US poll outcome. Nandish Shah, Senior Derivative & Technical Research Analyst, HDFC Securities, said: Investors geared up for a busy week as a double dose of potentially market-moving events is expected during the week that includes […]

Niva Bupa Health Insurance Company has fixed the price band of ₹70-74 a share for its forthcoming initial public offering that will open on November 7 and close on November 11. The IPO is a mix of fresh issue of up to ₹800 crore and an offer of sale up to ₹1,400 crore by Bupa […]

Shares of Afcons Infrastructure will be listed on the bourses today. The company has fixed the IPO price at ₹463 at the upper end of the ₹440-463 price band.   The initial public offering (IPO) of Afcons Infrastructure, the flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji group, sailed through on the last day, […]

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

Thanks to the robust collection through new fund offers and steady market rally, the average asset under management of the country’s largest fund house, SBI Mutual Fund, jumped 11 per cent in the September quarter to ₹10.99 lakh crore, up from ₹9.88 lakh crore in the June quarter. In fact, SBI MF is the only […]

I have shares of Infibeam Avenues. My purchase price is ₹42. Should I continue to hold or exit with loss? Rahul Infibeam Avenues (₹29.25): The stock has come down sharply after making a high of ₹41 this year. On the chart, the bias is negative with a strong resistance in the ₹32-34 region. As long […]

The lingering concern on market valuations has aggravated with 34 Nifty companies reporting flat net profit, while their sales have grown 5 per cent, with EBITDA growth of just one per cent. As of October-end, 34 of the 50 Nifty companies have announced their results. Nine reported profits that were below expectation, while 10 posted […]

The benchmark BSE Sensex rose nearly 448 points in the early session of the special Muhurat trading on across-the-board buying by investors to mark the start of the new Samvat Year 2081. The 30-share index increased 447.90 points or 0.56 per cent to 79,836.96 as all of its constituents traded in the green. The index […]

The shares of Yatharth Hospital and Trauma Care Services Ltd were trading at ₹661.80 down by ₹9.20 or 1.37 per cent on the NSE today at 2.45 pm. Yatharth Hospital and Trauma Care Services Ltd announced on October 30 that it will acquire a per cent stake in a 400-bedded hospital in Faridabad for […]

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

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

Muthoottu Mini Financiers Ltd has announced the launch of public issue of its secured NCDs with a face value of ₹1,000 each. The issue has a base size of ₹100 crore, with an option to retain oversubscription up to ₹50 crore, aggregating up to ₹150 crore. The NCD will remain open until November 13 with […]

Eli Lilly (Pre market) (Sector- Healthcare) AbbVie (Pre market) (Sector- Healthcare) Caterpillar (Pre market) (Sector- Capital Goods) ADP (Pre market) (Sector- Technology) UBS Group (Pre market) (Sector- Financials) Trane Technologies (Pre market) (Sector- Technology) GSK plc DRC (Pre market) (Sector- Healthcare) Illinois Tool Works (Pre market) (Sector- Capital Goods) Glencore (Pre market) (Sector- Metals) Volkswagen […]

The initial public offering (IPO) of Afcons Infrastructure, the flagship infrastructure, engineering, and construction company of the Shapoorji Pallonji group, sailed through on the last day, thanks to institutional investors’ bidding. The IPO was subscribed 2.63 times, even as the portion reserved for retail investors did not get 100 per subscription (subscribed 0.94 time or […]

Sensex, Nifty, Share Prices LIVE: The short-term outlook is bullish for Rainbow Children’s Medicare. The stock has begun the week by surging over 5 per cent on Monday breaking above the ₹1,450-₹1,470 resistance zone. Indeed, the stock has been moving up well since the middle of last week itself when the broader markets were falling. […]

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

Sensex, Nifty, Share Prices LIVE: Nifty 50 and Sensex were knocked down for the fourth consecutive week. Both the indices were down over 2 per cent each. Last week wesaid the benchmark indices can bounce back from their support. That view turned out to be wrong. The fall last week confirms a head and shoulder […]

Indian food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25 per cent below the initial goal of $15 billion as market volatility and the lacklustre debut of Hyundai India weigh on sentiment, two sources said on Sunday. BlackRock and Canada Pension Plan Investment Board (CPPIB) will invest in the $1.4 […]

Crompton Greaves Consumer Electricals (₹392.25) Confirms Head & Shoulder The stock of Crompton Greaves Consumer Electricals, after marking a high of ₹483.65 in early September, has been on a steady downtrend. An attempt for a recovery a couple of weeks ago did not sustain. The scrip resumed the fall after facing a resistance at ₹450 and […]

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

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

Indian equity benchmarks are extending their losing streak for the fifth consecutive session on Thursday, with the BSE Sensex falling over 700 points by afternoon trading amid broad-based selling pressure and weak global cues. The 30-share BSE Sensex was trading at 79,363.71, down 701.45 points or 0.88 per cent at 1.00 PM, after opening at […]

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

Indian equity benchmarks settled marginally lower on Thursday, with the Sensex closing at 80,065.16, down 16.82 points or 0.02 per cent, while the Nifty 50 declined 36.10 points or 0.15 per cent to end at 24,399.40, marking the third consecutive session of losses. Ultratech Cement led the gainers on the National Stock Exchange, rising 2.66 […]

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

Indian equity benchmarks closed marginally lower on Wednesday after a volatile trading session, with the BSE Sensex declining 138.74 points or 0.17 per cent to 80,081.98, while the NSE Nifty 50 fell 36.60 points or 0.15 per cent to close at 24,435.50. Bajaj Finance led the gainers, surging 4.90 per cent, followed by Tech Mahindra […]

Shares of Mazagon Dock Shipbuilders Ltd tumbled by 10% from their previous close of ₹4,665.65 on BSE today. As of 3:05 PM, the stock saw a high of ₹4,697.70 and low of ₹4,118.35 and was trading at ₹4,172.65. The board of Mazagon Dock Shipbuilders are slated to announce interim dividends and stock split of its […]

A sharp 1,000 points fall in benchmark Nifty50 since October 1 has weighed in on the annual return generated by pension funds on NPS monies parked in equity schemes. As against an annual return of near 40 percent recorded as of September 28, the return from equity schemes has moderated to 33.48 per cent as […]

Equity benchmark indices Sensex and Nifty gave up initial gains and ended lower on Monday tracking a sharp fall in Kotak Mahindra Bank and relentless foreign fund outflows. The 30-share Sensex declined 73.48 points or 0.09 per cent to settle at 81,151.27. The barometer shot 545 points at the opening but succumbed to selling pressure […]

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

The Department of Investment and Public Asset Management (DIPAM) has asked its officials to refrain from trading in shares of public sector companies as they may be privy to market-sensitive information with regard to state-owned companies, an official said. In an internal order, the DIPAM said that any officer joining the department would be required […]

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

Shapoorji Pallonji Group’s infrastructure engineering and construction company Afcons Infrastructure Ltd (AIL) is gearing up to launch its ₹5,430-crore initial public offering (IPO) on October 25. The initial share sale will conclude on October 29 and the bidding for anchor investors will open for a day on October 24, according to the red herring prospectus […]

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

Hinduja Global Solutions (HGS) launched a new AI Hub in Manila, Philippines on October 18aiming to enhance digital experience solutions for its clients. The facility, inaugurated by Indian Ambassador to Philippines Harsh Kumar Jain and HGS Group CEO Partha DeSarkar, is positioned as the first of its kind in the Philippines. Also read: Bonfiglioli invests […]

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

The shares of Angel One were trading at ₹3,150, down by ₹86 or 2.66 per cent, on the NSE today at 2.30 pm. Angel One, a leading digital broking firm, expects a 20-22 per cent decline in F&O trading volumes following SEBI’s new regulations effective November 20. The company anticipates these changes would have a […]

Waaree Energies, solar panel maker, on Wednesday, set a price band of ₹1,427-1,503 for its upcoming IPO that will open on October 21 and end on October 23. The ₹4,321.44-crore IPO is a combination of a fresh issue worth ₹3,600 crore and an offer for sale (OFS) of 48 lakh shares worth ₹721.44 crore by […]

TIPS Music Ltd, formerly known as Tips Industries Ltd, at its board meeting held today, declared a second interim dividend and appointed a new independent director. The shares of TIPS Music Ltd were trading at ₹773.90, down by ₹55.80 or 6.73 per cent, on the NSE today at 2.55 pm. The board approved a second […]

Shares of SpiceJet rose 1.16 per cent on Tuesday, reaching a high of ₹68. The stockhad climbed 3.4% earlier in the day. It recorded a low of ₹65.85.  SpiceJet said it had resolved a $23.39 million dispute with Aircastle (Ireland) and Wilmington Trust & SP Services (Dublin) by agreeing to pay $5 million, alongside an […]

Exide Energy Solutions Limited (EESL), a wholly owned subsidiary of Exide Industries Limited, has signed agreements to acquire a 26 per cent stake in Clean Max Beta Private Limited for ₹5.95 crore. The deal, announced today, aims to secure solar power supply for EESL’s operations in Karnataka. The shares of Exide Energy Solutions Limited (EESL) […]

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

Leather goods manufacturer Hidesign has teamed up with e-commerce enablement platform Unicommerce to streamline its omnichannel operations. The partnership, announced on October 14, 2024, aims to improve order processing across Hidesign’s online and offline channels. The shares of Unicommerce Esolutions Limited were trading at ₹212.73 up by ₹5.03 or 2.42 per cent on the NSE […]

Benchmark indices Sensex and Nifty fell in early trade on Friday amid volatility and mixed trends in global markets. The 30-share BSE Sensex opened on a negative note and slipped 62.90 points, or 0.08 per cent, to 81,548.51 in early trade. Showing a similar trend, the broader Nifty fell 64.1 points to 24,934.35. From the […]

The combined market valuation of seven of the top-10 most valued firms eroded by ₹1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in line with weak trend in equities. Last week, the BSE benchmark fell 307.09 points, or 0.37 per cent, to 81,381.36. The market valuation of […]

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

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

Shares of Tata Consultancy Services (TCS) fell 2 per cent on Friday after its September quarter earnings failed to cheer investors. The scrip of the Mumbai-based company slipped 1.93 per cent to close at ₹4,146 apiece on the NSE. On the BSE, stock of TCS went down by 1.84 per cent to end at ₹4,150.60 […]

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

After markets regulator SEBI’s directive to limit weekly expiries to one per exchange, the National Stock Exchange on Thursday announced that it will discontinue the weekly contracts on Bank Nifty, Nifty Midcap Select and Nifty Financial Services. The Bank Nifty will be discontinued from November 14, Nifty Midcap Select from November 19 and Nifty Financial […]

The initial public offering of Garuda Construction and Engineering will close today for public subscription. The issue has generated a strong response from HNIs and retail investors. At the end of Day 2, the IPO was subscribed 4.10 times. The IPO came out with a price band of ₹92-95 a share. The ₹264-crore IPO consist of […]

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

Mamaearth, a leading Indian personal care brand, has partnered with e-commerce platform Meesho to expand its reach into Tier 3 and smaller markets. The collaboration, announced today, aims to increase Mamaearth’s Annual Recurring Revenue (ARR) on Meesho to 100 crore in the next 12 months. The shares of Honasa Consumer Limited were trading at ₹435.85 […]

Trucking platform Zinka Logistics Solutions has received final observation from SEBI to raise funds through an initial public offering (IPO). It looks to raise ₹550 crore through a fresh issue of shares, with an offer for sale (OFS) of 21.6 million shares by promoters and existing shareholders. The offer also includes a reservation for a […]

Indian stock markets staged a recovery in mid-day trading on Tuesday, breaking a six-day losing streak amid ongoing geopolitical tensions and economic uncertainties. As of 12.30 pm, the Sensex stood at 81,363.31, up 313.31 points or 0.39 per cent from the previous close. The Nifty50 climbed 117.65 points or 0.47 per cent to reach 24,913.40. […]

Indian equities fell for a sixth straight session amid tensions in West Asia and sustained selling by foreign investors, even as other Asian indices ended firmly in the green. Benchmark indices surged higher in early trade but erased gains soon after. The Sensex ended 638 points or 0.78 per cent lower at 81,050. The Nifty […]

Rama Steel Tubes Limited, a leading Indian structural steel tube manufacturer, announced significant sales volume growth for the second quarter of fiscal year 2025. The company reported a Q2FY25 sales volume of 50,921.67 tons, marking a 42.32% increase year-over-year and a 36.28% rise quarter-over-quarter. The shares of Rama Steel Tubes Limited were trading at ₹13.59 […]

A sharp rally in Chinese equities last week has prompted Foreign Portfolio Investors (FPIs) to adopt a ‘Buy China, Sell India’ strategy in October, leading to the offloading of ₹30,718 crore in Indian equities over just three trading sessions. Data from depositories showed FPIs net sold ₹27,142 crore worth of Indian stocks between October 1-4, […]

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

When faced with a choice between choosing a weapon-less Lord Krishna and the most powerful army (Dwaraka army) in the world, Arjuna chooses the former. Consequently, Duryodhana is thrilled by Arjuna’s choice, as this would mean that the most powerful army would be siding with the Kauravas. The current situation in the market isn’t dissimilar. […]

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

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

SAMHI Hotels Limited announced today its plan to acquire 100% of Innmar Tourism and Hotels Private Limited for an enterprise value of approximately ₹205 crore. The acquisition, approved by SAMHI’s Board of Directors today, includes an operating 142-room hotel in Whitefield, Bangalore, along with surplus land for potential development of an additional 200-220 rooms in […]

Industrialist Ratan Tata has offloaded five per cent of his investment in Upstox, an online discount stock broking firm. Rata Tata had bought about 1.33 per cent stake in Upstox in 2016. The other investors in Upstox include Tiger Global Management 31.1 per cent, Kalaari Capital Partners 15.21 per cent, GVK Davix Technologies 2.54 per […]

The shares of Bharat Forge Ltd were trading at ₹1,484.90 down by ₹45.30 or 2.96 per cent on the NSE today at 1.10 pm, a day after Kalyani Strategic Systems Ltd, a subsidiary of India’s Bharat Forge Ltd, announced plans yesterday to collaborate with US defense companies AM General and Mandus Group LLC. The partnership […]

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

Target: ₹2,100 CMP: ₹1,580.65 Route Mobile is set to witness a growth uptick after the completion of the strategic acquisition by Proximus Opal. The growth recovery (~20% in FY25E vs 13 per cent in FY24) is underpinned by a recovery in messaging volume (ILD & NLD), a net new firewall deal, WhatsApp/RCS opportunities, and expansion […]

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

Indian stock markets continued to trade flat in mid-day trading on Tuesday, with the Sensex and Nifty showing marginal declines amid mixed global cues and ongoing investor caution. As of 12.32 pm, the Sensex stood at 84,252.39, down 47.39 points or 0.06 per cent from the previous close. The Nifty50 was trading at 25,790.45, registering […]

Target: ₹3,500 CMP: 3,440.25 We visited Navin Fluorine’s plant based in Dewas, Madhya Pradesh which caters to its CDMO business vertical. The company manufacture pharma intermediates for commercialised (50-60 per cent) and last-stage molecules. The management revisited its CDMO guidance of $100 million by FY27 on the back of execution of cGMP-4 phase-1 (dedicated for […]

Indian benchmark indices faced a sharp decline in mid-day trading on Monday, , with the BSE Sensex plummeting 951.45 points or 1.11 per cent to 84,620.45 and the NSE Nifty50 dropping 270.80 points or 1.03 per cent to 25,908.15 as of 12.50 pm.  The downturn is largely attributed to rising geopolitical tensions, particularly the intensification […]

Property Share Investment Trust, registered as a small and medium real estate investment trust, has filed the draft scheme document  for PropShare Platina, its first scheme to raise up to ₹353 crore.  PropShare Platina comprises 2.47 lakh sq ft office space in Prestige Tech Platina, on Outer Ring Road, Bengaluru, which will be fully leased to a […]

The combined market valuation of eight of the top-10 most valued firms surged ₹1,21,270.83 crore last week, with Reliance Industries becoming the biggest gainer, in line with an outstanding rally in benchmark equity indices. Last week, the BSE benchmark jumped 1,027.54 points or 1.21 per cent. The BSE Sensex hit its record high of 85,978.25 […]

Stock broker firm Angel One has settled allegations of frontrunning of orders of a big client by one of its authorised persons by paying ₹21,64,500. The market regulator’s settlement order added that the brokerage has also “submitted details of the corrective action/ measures put in place by it to prevent re-occurrence of similar violations.” In a […]

Twenty companies have filed their draft offer documents for initial public offerings (IPOs) in September, the most number of filings in a month this year and the third highest in a decade. The number of filings this year stood at 106, more than any other calendar year, if the first nine months are considered. The […]

Stock exchanges on Friday deferred the voluntary implementation of the T+0 or same-day settlement cycle of securities for institutional clients, which was supposed to apply from September 30. Apart from lacklustre volumes from retail investors, foreign portfolio investors have resisted a move to T+0 even on an optional basis, said people in the know. For […]

Indian stock markets opened higher on Friday, buoyed by positive global cues and strong performance in the technology sector. The benchmark Sensex opened at 85,893.84, up from its previous close of 85,836.12, while the Nifty 50 index started the day at 26,248.25, building on Thursday’s close of 26,216.05. IT stocks led the gains in early […]

Kalana Ispat, an NSE-SME company, gave a reality check to investors who wished to make quick buck through SME-IPO investments. In a shock to investors, the stock was listed at ₹45.15, against the IPO price of ₹66, a loss of ₹20.85 or a whopping loss of 31.6 per cent. The stock dipped further to ₹43, […]

Indian equity markets opened higher on Thursday, with the Nifty 50 index touching a new record high, buoyed by positive global cues and ongoing optimism about China’s stimulus measures. The benchmark Sensex and Nifty indices started the day on a positive note, following trends in the GIFT Nifty that indicated gains for the broader index. […]

The bulk of net inflows from foreign portfolio investors (FPIs) into India this year has come from the US and Singapore. The two countries have contributed nearly ₹2 lakh crore, in terms of net investment in CY24, with flows from the former totalling ₹1.24 lakh crore and the latter funnelling in ₹73,768 crore. Over 93 […]

Bharti Airtel, India’s leading telecom provider, unveiled the country’s first network-based, AI-powered spam detection solution on September 25, 2024. The system, designed to combat unwanted calls and messages, processes 1 trillion records in real-time, flagging 100 million potential spam calls and 3 million spam SMSes daily. The shares of Bharti Airtel Limited were trading flat […]

After a stupendous rally, defence stocks have crashed on concern over their high valuation amid weak earnings growth last quarter. The Nifty India Defence index fell 19 per cent to 6,707 points from a high of 8,302 points in July. Most of the 15 stocks of Nifty India Defence index have registered a double digit […]

rkade Developers IPO Listing Today / Arkade Developers Share Price Today Live Updates 24 Sep 2024: Shares of Arkade Developers will be listed on stock exchanges today. The IPO was subscribed 106.40 times, attracting all categories of investors. The company has fixed the issue price as ₹128, at the upper end of the price band […]

Target: ₹345 CMP: ₹263.05 Key factors underpinning UGRO Capital’s positive outlook include: a significant opportunity in MSME lending; superior productivity metrics, highlighting the scalability of its business model; advanced systems and data analytics that bolster asset quality management; a focus on co-lending and co-origination, which enhances capital efficiency, AUM growth, and profitability; and an upward […]

Inox Wind Limited (IWL), a leading wind energy solutions provider in India, has signed a consortium agreement with a group of 10 banks for facilities worth approximately ₹2,200 crore. The consortium, led by ICICI Bank, includes several private and foreign banks. The agreement, announced today, is primarily for non-fund-based limits such as bank guarantees and […]

Bikaji Foods International (₹948.2) Bull flag breakout The stock of Bikaji Foods International has been in an uptrend since its listing in November 2022. There have been intermittent corrections and sideways consolidations since then. The latest being the horizontal movement it has been making between ₹820 and ₹900 over the past month. Last week, it broke […]

Long-term investors with a minimum time frame of one year can buy the shares of Bajaj Finserv (₹1,917) now. The stock has been in a strong uptrend since May 2020. After making a high of ₹1,932 in October 2021, the share price started to fall and ran into a correction phase for more than two […]

I have shares of Concor. My purchase price is ₹1,025. What is the outlook for the next one year? Siyaram Khandelwal Container Corporation of India (₹893.45): The stock has been in a strong downtrend since June this year. It made a high of ₹1,180 in early June and has come down sharply from there. The downtrend […]

Target: ₹7,500 CMP: ₹7,197.15 Rating industry’s revenue growth can sustain above 10-12 per cent over the coming years aided by ongoing infrastructure investments, pick-up in private sector capex cycle, sustained growth of NBFCs/HFCs, widened participation (including more issuers) in bond markets with country’s inclusion in global indices and incremental funding shift and refinancing through bond […]

Target: ₹3,300 CMP: ₹2,547.15 Mankind Pharma’s vision to be an innovation-driven and differentiation-focused with high entry barrier products has found a match in Bharat Serums and Vaccines (BSV). We believe BSV has the potential to drive growth for longer periods and BSV’s Specialty strengths (R&D and sourcing as moats) would further Mankind’s vision. Mankind’s strong […]

AstraZeneca Pharma India Limited announced plans to launch Palivizumab (Synagis) in India this October. The company’s stocks were trading at ₹6,730, up by ₹13.75 (0.20 per cent) as of 10.23 am today on the NSE. AstraZeneca revealed that Palivizumab is designed to prevent serious lower respiratory tract disease caused by respiratory syncytial virus (RSV) in […]

Target: ₹1,175 CMP: ₹967.30 We upgrade Tata Motors (TTMT) to Buy from Add, keeping our SoTP-based TP unchanged at ₹1,175/share (incl. roll-over to Sep-26E). TTMT stock price has corrected 16 per cent from its peak, amid outlook downgrade at peer BMW (incl. due to muted China demand; link), and slowness in domestic CVs/PVs (incl. rising […]

IRIS Business Services Limited, a global fintech company, has signed a Memorandum of Understanding (MoU) with the Government of Telangana to support the growth of the state’s MSME ecosystem. The partnership, announced on September 19, 2024, aims to create and deliver technology-driven solutions for MSMEs. The shares of IRIS Business Services Limited were trading at […]

Heritage Foods Limited announced that its board has approved its plan to establish a new ice cream manufacturing facility in Shamirpet, Telangana. The ₹204 crore project aims to expand the company’s production capacity to meet the growing regional demand for ice cream. The shares of Heritage Foods Limited were trading flat at ₹578.80 on the […]

Personal care brand Mamaearth has announced that its products will be available in the countrywide Canteen Stores Department (CSD) network under the Ministry of Defence. The move marks a significant offline expansion for the brand. The shares of Honasa Consumer Limited were trading at ₹471.20, down by ₹8.50 or 1.77 per cent, on the NSE […]

Target: ₹839 CMP:₹726.4 In Q1FY25, Awfis Solutions (Awfis) began to deliver on its two main FY25 guidance parameters: 30 per cent+ revenue growth for FY25 and expansion in IGAAP EBITDA margin at 11.5-12 per cent. With an overall operational and committed pipeline of 127,726 seats (over one lakh operational), we expect continued growth ahead. Awfis’ […]

The shares of Samvardhana Motherson International Limited (SMIL) were trading at ₹191.86 down by ₹1.93 or 1 per cent on the NSE today at 10.27 am. Samvardhana Motherson International Limited (SMIL) announced the opening of a qualified institutions placement (QIP) of equity shares and compulsorily convertible debentures (CCDs) on September 16, 2024. The company’s Finance […]

The Indian stock markets closed marginally higher on Monday, with both BSE Sensex and NSE Nifty 50 recording modest gains in a session characterized by mixed sectoral performance and range-bound trading. The Sensex concluded the day at 82,988.78, up 97.84 points or 0.12 per cent, while the Nifty 50 gained 27.25 points or 0.11 per […]

Indian logistics provider Delhivery has announced a strategic partnership with Team Global Logistics to enhance its cross-border services. The collaboration, revealed today, aims to expand Delhivery’s Less than Container Load (LCL) service reach to over 120 countries. The shares of Delhivery Limited were trading at ₹422.60 up by ₹8.80 or 2.13 per cent on the […]

Nine of the top-10 most valued firms together added ₹2,01,552.69 crore in market valuation last week, with Bharti Airtel stealing the show, amid bullish investors’ sentiment in equities. Reliance Industries was leading the chart of the top-10 most valued firms followed by TCS, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys, State Bank of India, Hindustan […]

Solarium Green Energy, a turnkey solar solution provider and comprehensive O&M services company, has filed its Draft Red Herring Prospectus with BSE SME to issue 55 lakh equity shares through initial public offering. The objective of the issue is to meet working capital requirements and to address general corporate purposes. The company reported revenue of […]

Target: ₹2,010 CMP: ₹1,812.95 We attended Tega Industries Limited (Tega) Analyst Meet represented by MD CEO Mehul Mohanka and CFO Sharad Khaitan to understand the current business updates and future prospects ahead. During the meeting, management highlighted on the various aspects of the business both on the consumables as well as the equipments side and […]

Target: ₹770 CMP: ₹614.50 India’s current air conditioner (AC) penetration is around 8-10 per cent of 300 million households, but it’s expected to reach 50 per cent by 2037. Factors like low AC penetration, falling prices, and changing consumer lifestyles are driving demand in the electronics industry. PG Electroplast offers a wide range of air […]

Securities and Exchange Board of India (SEBI) has disposed of proceedings against the National Stock Exchange (NSE) and its employees in the alleged co-location case. The case relates to the alleged preferential access given to certain broking firms in the form of ‘dark fibre’ at the National Stock Exchange (NSE) to connect across the colocation […]

Nazara Technologies Limited announced today its acquisition of a 47.7 per cent stake in Moonshine Technology Private Limited (MTPL), the parent company of PokerBaazi, for ₹832 crore. The deal includes an additional ₹150 crore primary capital injection into MTPL via compulsory convertible preference shares. Also read: Nazara Technologies partners with Telangana govt to launch AI […]

Logistics company Western Carriers (India) on Thursday raised ₹148 crore from as many as 15 anchor investors ahead of its initial public offering (IPO), which is scheduled to open on Friday. The Kolkata-based company wants to raise around ₹493 crore from its public offer. Some of the marquee names from the anchor investors are Aditya […]

Equity benchmark indices Sensex and Nifty rebounded in early trade on Thursday tracking a rally in global markets and foreign fund inflows. The 30-share BSE Sensex jumped 428.83 points to 81,951.99 in early trade. The NSE Nifty climbed 154.1 points to 25,072.55. Among the 30 Sensex firms, Tata Steel, Adani Ports, Bharti Airtel, Tech Mahindra, […]

Target: ₹ 6,030 CMP: ₹ 5,292.50 Investors have little doubt on Persistent Systems (PSYS) growth momentum. They are not wrong. Such has been the strength of PSYS’ recent deal wins (LTM ACV: +15% YoY) that it merely needs to maintain current ACV/ leakage levels to achieve our FY25E USD revenues (+17 per cent). Our recent […]

Indian stock markets opened flat on Wednesday, September 11, 2024, as investors weighed mixed global cues and awaited key U.S. inflation data. The Sensex opened at 81,928.12, marginally higher than its previous close of 81,921.29, while the Nifty 50 index opened slightly lower at 25,034.00 compared to Tuesday’s close of 25,041.10. “The market is expected […]

The Finance Ministry intends to bring clarity in qualification norms for stockbrokers. Accordingly, it has come out with a consultation paper for changes in Securities Contracts (Regulation) Rules, or SCRR, 1957. “Given the growth in the scale and interconnectedness of the financial sector and the evolution of brokerage business from a traditional brick-and-mortar model to […]

US and Indian markets rallied Tuesday morning, driven by bargain hunting and optimism ahead of key economic data releases. The Nifty opened at 24,999.40, up from Monday’s close of 24,936.40, while the Sensex started the day at 81,768.72, rebounding from its previous close of 81,559.54. “This Tuesday, the Nifty is poised to regain ground after […]

Target: ₹1,700 CMP: ₹1,368.90 We are initiating coverage on VA Tech Wabag Ltd. (VTW) with a Buy recommendation and a target price of ₹1,700/share. Regulatory bodies worldwide are allocating additional resources towards the conservation of water sources and implementing stricter regulations to minimize the impact of industrial waste on water bodies. This has led to […]

Tilaknagar Industries Ltd announced today a follow-on investment of ₹13.15 crores in Spaceman Spirits Lab Private Limited (SSL), the company behind premium Indian craft gin Samsara and craft rum Sitara. The investment, approved by Tilaknagar’s Finance Committee, will be made across three tranches over 18 months, increasing Tilaknagar’s stake in SSL to 20.02% on a […]

Shares of Rekha Jhunjhunwala-backed Baazar Style Retail, a value fashion retailer, on Friday made a flat market debut, listing at par with the issue price of ₹389 and later ended the day nearly 3 per cent higher. The stock got listed at ₹389 on both the BSE and the NSE. During the day, it jumped […]

Monthly inflows in Systematic Investment Plans (SIPs) of mutual funds could nearly double to about ₹40,000 crore by December 2025, Swarup Mohanty, Vice-Chairman & CEO, Mirae Asset Investment Managers (India), has said. This is against SIP inflows of ₹23,332 crore seen in July 2024. In May 2018, monthly inflows were just ₹7,304 crore.  “If the […]

Indian stock markets opened September on a strong note, supported by robust investments from foreign investors during the first week of the month .According to data from the National Securities Depository Limited (NSDL), Foreign Portfolio Investors (FPIs) made net investments totalling ₹10,980 crore during the first week of September. However, on Friday, FPIs registered a […]

As India beats China in the MSCI Emerging Markets Investable Market Index (MSCI EM IMI), Indian equities may get up to $4.5 billion, official sources said on Friday. Earlier, Morgan Stanley said that India’s weight in the index now stands at 22.27 per cent as compared to China’s 21.58 per cent. “Key factors contributing to […]

Notwithstanding the concerns all around including the market regulator SEBI, 50 small and medium enterprises have filed papers with NSE Emerge and BSE SME last month to tap the market for raising capital. The SMEs rush to tap the market was on top of about 55-70 companies that will hit the market in this month […]

Nuvama Research has reaffirmed its ‘Buy’ rating on Polycab after a recent meeting with management, including CFO Gandharv Tongia and Head of Investor Relations Chirayu Upadhyaya. Despite challenges in Q1 FY25, such as channel destocking and export weakness due to distribution restructuring in key markets, Polycab’s long-term growth drivers remain strong. Management remains confident in […]

Adani Enterprises on Thursday announced an early closure of ₹800 crore secured non-convertible debentures (NCD) issue. The company launched the issue on September 4 (Wednesday) with a base issue size of ₹400 crore and an option to retain over-subscription of another ₹400 crore, aggregating up to ₹800 crore. The NCD issue was slated to close […]

Indian benchmark indices, Sensex and Nifty, are expected to open on a flat note on Thursday amid volatile global markets. With no domestic triggers, analysts expect the market to align with global sentiment. Overnight, US stocks were volatile after opening on a high note. Major US indices closed with marginal gains. Kelvin Wong, Senior Market […]

Kotak Securities Target: ₹550 CMP: ₹416.60 We initiate coverage on Aadhar Housig Finance with a Buy rating and RGM-based FV of ₹550/share. Aadhar stands out versus most affordable peers due to a larger balance sheet, longer vintage and superior RoEs. On the other hand, its loan growth (21 per cent CAGR during FY2024-27E) is comparable […]

The Centre has nominated Deepti Gaur Mukherjee, Secretary of the Corporate Affairs Ministry (MCA), as a Member of the Board of market regulator SEBI. The Financial Markets division in the Department of Economic Affairs in the Finance Ministry has issued a notification to this effect.  In the SEBI Board, Mukherjee has replaced erstwhile MCA Secretary […]

The day was marked by a number of block deals and a few that caught the eye was that of AU Small Finance Bank, Medi Assist Healthcare Services and Signature Global. Westbridge AIF I sold 1.5 per cent stake in AU Small Finance Bank at ₹676.06 apiece for an aggregate of over ₹743 crore on […]

Nifty futures at Gift City trading indicate further momentum for Indian stock markets. Analysts expect the consolidation phase to continue for benchmarks, though the broader markets will witness some correction. According to them, the lack of domestic cues will keep market participation low. At the start of September, Nifty has shown a strong bullish trend […]

Target: ₹5,230 CMP: ₹4520.85 Tata Consultancy Services (TCS) has been consistently delivering resilient performance for past several quarters despite the challenging environment. TCS has reported a solid performance in Q1, with sequential growth returning in some of the lagging verticals, especially BFSI. Further spends in BFSI towards mitigating the risk associated with legacy systems, strengthening […]

Auto stocks; Automobile majors will remain in focus as most of them have declared their sales figures for August. Passenger vehicle (PV) manufacturers in August reported a decline in wholesale dispatches to dealers. The decline was uniform across major car makers like Maruti Suzuki India (MSIL), Hyundai Motor India (HMIL) and Tata Motors. However, two […]

After a strong performance in recent months, PSU stocks are now tumbling across the board due to concerns about overvaluation, slowing earnings growth, and mandatory dividend payouts. In the last one year, PSU stocks have witnessed a sharp rally riding on bullish sentiments and monopoly business. The BSE PSU index gained over 90 per cent […]

Long-term investors with about two years can buy Hatsun Agro Product (₹1,309.70) at current levels. The stock has been moving up since July after forming a strong base around ₹1,000. This rise is also from a strong long-term trendline support around ₹950. This strengthens the bullish case. Hatsun Agro Product share price can rise to […]

The International Financial Services Centre Authority (IFSCA) has issued a new unified regulatory framework for listing securities on stock exchanges in GIFT City, opening significant opportunities for Indian companies, particularly startups, to access large pools of foreign capital.  This framework, operational from August 30, allows Indian and foreign issuers to tap offshore investors by listing […]

SEBI has revised the eligibility criteria for entry and exit of stocks in the derivatives segment. A stock’s median quarter sigma order size and its market wide position limit over the previous six months, on a rolling basis, should not been less than ₹75 lakh and ₹1,500 crore, respectively. The requirements for both these criteria […]

Target: ₹718 CMP: ₹797.35 Relaxo Footwears (RLXF), a Fortune 500 (India) company, has established itself as a pioneer in the mass segment (50 per cent+ share of total footwear industry), open footwear category, offering quality products at affordable prices. The company’s product portfolio includes rubber-based hawai slippers, EVA slippers, PU slippers, casual shoes, sports shoes, […]

Domestic markets are expected to continue their momentum thanks to positive global sentiment. The Nifty 50 has risen for 11 consecutive days, its longest winning streak since October 2007, according to market participants. Gift Nifty at 25,290 signals a positive bias for the domestic market. Despite the strong rally in heavyweights, analysts expect the momentum […]

Small and medium REITs have received a positive response from the industry, SEBI chairperson Madhabi Puri Buch said on Thursday. Buch said that there is an imbalance of power between large institutions and small investors, and regulations have helped foster trust in the system. “When SEBI launched a concept on small and medium REITs, the […]

Markets regulator SEBI on Wednesday proposed that qualified stock brokers (QSBs) mandatorily offer a facility for trading in the secondary market, using the UPI block mechanism, similar to the ASBA facility. Additionally, feedback has been sought on whether QSBs can offer a “3-in-1 trading account facility” as an alternative to making the ASBA-like facility mandatory, […]

Shares of Orient Technologies made a strong debut at the bourses on Wednesday after a blockbuster IPO. Against the IPO price of ₹206, shares of Orient Technologies listed at a healthy premium of nearly 31 per cent at ₹290 on the BSE. The stock hit a high of ₹304.45 and a low of ₹285.10 on the […]

Jio Leasing Services Ltd (JLSL), a wholly-owned subsidiary of Jio Financial Services, has invested ₹67.50 crore in Reliance International Leasing IFSC Ltd. It has invested 6.75 crore 8.1 per cent cumulative optionally convertible preference shares of ₹10 each of Reliance International Leasing IFSC Ltd (RILIL) (a 50:50 joint venture between JLSL and Reliance Strategic Business […]

Waterfield Financial and Investment Advisors, a SEBI-registered investment advisor, has launched Founders Circle, a platform to help  entrepreneurs manage their wealth as they build their businesses.   Soumya Rajan, Founder and CEO of Waterfield Advisors, said ,“More than 65 percent of Ultra-High Networth individuals in India today are self-made entrepreneurs and founders. This wealth creation journey, enabled […]

Bharat Heavy Electricals Ltd has secured orders worth more than ₹11,000 crore from Adani Power and its subsidiary, Mahan Energen, for supply of equipment (Boiler, Turbine, Generator) and supervision of erection & commissioning of three power projects at Kawai, Rajasthan and Mahan, Madhya Pradesh. Each of the three projects will be of 2×800 MW rating. […]

Passive funds have suddenly become more active in recent times with the series of new fund launches by large fund houses, particularly before the expected entry of Mukesh Ambani-owned Jio Financial Services and the world’s largest index funds powerhouse, BlackRock Inc. Passive funds are gaining investors confidence as most actively managed funds have trailed behind […]

Domestic markets are expected to open on a flat to positive note on Monday, thanks to the US Fed chief signalling an imminent rate cut. The US Fed Chair Jerome Powell on Friday signalled that the central bank would cut its interest rate in the September meeting. Gift Nifty at 24,950 against. Nifty futures (Aug) close […]

This week, Indian stock indices accumulated 0.7-1.0 per cent gains on a cumulative basis. The indices rose for a seventh straight session on Friday, reportedly their longest rally in 2024. However, on the last trading session of the week, Friday, the indices treaded with caution ahead of Federal Reserve Chair Jerome Powell’s much-awaited Jackson Hole […]

Jeyyam Global Foods Ltd, a Chennai-based food products company, has set a price band of ₹59-61 per share for its upcoming SME Initial Public Offering (IPO). The IPO will open for subscription on September 1, 2024, and close on September 4, 2024. The anchor investor bidding is scheduled for August 30, 2024. The company aims […]

Target: ₹1,501 CMP: ₹1,426.20 Pitti Engineering Ltd (PEL) reported numbers, Q1FY25 revenue stood at ₹383 crore (+32.1 per cent y-o-y/+16.7 per cent q-o-q); above our estimates of ₹371 crore. Gross Profit stood at ₹135 crore (+53.9 per cent y-o-y/18.5 per cent q-o-q); above our estimates of ₹113 crore. Gross margins improved by 499 bps y-o-y […]

The initial public offering of Orient Technologies witnessed a tremendous response from all category of investors, as the issue was subscribed 151.71 times. The Mumbai-based IT solutions provider Orient Technologies’ initial public offering comprised a fresh issue of ₹120 crore and an offer-for-sale (OFS) of ₹94.76 crore. It came out with a price band of […]

A tectonic shift has been happening in Indian stock markets quietly but decisively in recent months. If the trend in ownership pattern of Indian stocks sustains, which is most likely, the influence of foreign portfolio investors on our stock markets’ movement will be limited going forward. Already, FPIs’ influence has been on the decline on […]

A surge in PB Fintech Ltd. has made the Indian stock the world’s best performer this year among major financial technology firms, as green shoots emerge in unsecured lending after a central bank crackdown. The shares have risen about 110% in 2024, the most among companies with a minimum market value of $1 billion in […]

Block and bulk deals have gained momentum and sell-downs through such transactions in 2024 have risen over 88 per cent year to date to $51.4 billion, driven by soaring stock market valuations. In the same period a year ago, sell-offs worth a little over $27 billion took place, according to data provided to businessline by […]

One 97 Communications Ltd, which owns the Paytm brand, on Wednesday said it will sell entertainment ticketing business to Zomato for ₹2,048 crore. Entertainment ticketing business, including movies, sports, and events, will be available on the Paytm app during a transition period of up to 12 months, it said. The deal underscores the value Paytm […]

The IPO of Interarch Building Products closed on a high note with overall subscription figures of 93.46 times, as institutional investors pumped in money on the last day of the issue closing on Wednesday. The ₹600-crore initial public offering that came out with a price band of ₹850–900 consisted of a fresh issue worth ₹200 […]

Company: PNB Housing Finance Ltd (the “Company”) Exchange Identifiers: NSE: PNBHOUSING / BSE: 540173 Bloomberg Ticker: PNBHOUSI IN Equity Sole Bookrunner / Sole Broker: IIFL Securities Limited Type of Transaction: Vendor sale – By way of one or more share sales on the screen-based trading platform of Indian Stock Exchanges (“Sale”) Vendors / Sellers: General […]

Shares of Saraswati Saree Depot on Tuesday made a strong debut at the bourses. Against an IPO price of ₹160, the stock of Kolhapur-based company listed at ₹194 on the NSE. After dipping to a day’s low of ₹186, it closed at ₹203.70 — a gain of 27 per cent over the IPO price. On […]

China’s Antfin Singapore Pte will be selling 13.6 crore shares or over 1.5 per cent stake in portfolio firm Zomato in a block deal, according to a term sheet. The floor price for the deal is fixed at Rs. 251.68 a share for an aggregating value of $408 million. The floor price is at a […]

Target: ₹1,400 CMP: ₹1,131.75 Senco Gold has reported a big beat to our Q1 EBITDA/PAT estimates led by better gross margin (up by about 500bps YoY). The sudden spike in gold price and operating challenges led to a modest retail revenue growth of 11 per cent in Q1, in line with muted trends seen in […]

Sensex, Nifty, Share Prices LIVE: With the Q1 earnings season coming to a close, stock markets will focus on global trends and foreign investors’ trading activity this week, according to analysts. The US Federal Open Market Committee (FOMC) minutes are expected to be the primary market driver, along with key global economic data like Japan’s […]

The combined market valuation of seven of the top 10 valued firms jumped ₹1,40,863.66 crore in a holiday-shortened last week with the benchmark Sensex gaining nearly 1 per cent. Tata Consultancy Services and Infosys emerged as the biggest gainers in line with an optimistic trend at Dalal Street. Last week, the BSE benchmark rose by […]

Target: ₹5,170 CMP: ₹4,769.20 Hindustan Aeronautics’ (HAL) performance missed street’s estimates mainly on the back of weak execution. Key points: EBITDA rose 13 per cent YoY to ₹990 crore (highest-ever for Q1); EBITDA margin was at a healthy level of 22.8 per cent; An income tax refund of ₹440 crore resulted in PAT growth of […]

JSW Cement, part of Sajjan Jindal promoted diversified JSW Group, on Friday filed a draft red herring prospectus (DRHP) with the capital markets regulator SEBI to raise ₹4,000 crore through an initial public offer (IPO). The initial share sale comprises a fresh issue of equity shares worth ₹2,000 crore and an offer for sale (OFS) […]

Shares of Ola Electric Mobility Ltd surged 20 per cent on Friday to hit the upper circuit limit on the BSE at ₹132.76 after the Bhavish Aggarwal-led EV maker announced its foray into the electric motorcycle segment with the launch of three models and two more in the pipeline. Investors in the IPO must be […]

Orient Technologies has fixed the price band for the upcoming initial public offering at ₹195-206. The IPO will open on August 21 and close on August 23. The IPO consists of fresh issue of ₹120 crore and an offer for sale (OFS) of up to 46 lakh shares by promoter selling shareholders (worth ₹95 crore). […]

Sensex, Nifty, Share Prices LIVE: The stock of Elecon Engineering Company has been on a decline over the past month. It faced a resistance at ₹700 and fell off this level. On Wednesday, it closed at ₹595.25. But the chart shows that the stock found support at ₹565 last week and rebounded on the back […]

Real estate firm Kalpataru Ltd has filed draft prospectus with market regulator SEBI to launch its initial public offering (IPO) for raising up to ₹1,590 crore, mainly to reduce debt. The Mumbai-based company has filed the draft red herring prospectus (DRHP) to launch its IPO, which comprises fresh issue of shares, having face value of […]

The initial public offering of Saraswati Saree Depot saw a robust response from all category investors as the issue closed with overall subscription of 107.52 times. All categories of investors, especially non-institutions, poured in money into the Kolhapur-headquartered IPO. The IPO came out with a price band of ₹152-160. The offer size was ₹160.01 crore […]

Target: ₹11 CMP: ₹15.79 Vodafone Idea reported mixed performance for the quarter. It reported revenue of ₹10,510 crore (down 0.9 per cent q-o-q, down 1.4 per cent y-o-y). The sequential decline in revenue was due to 2.5 million decline in subscriber base to 210.1 million; while ARPU was flat sequentially at ₹146. The 4G addition […]

Sensex, Nifty, Share Prices LIVE: The outlook for IDFC Ltd is bearish. The stock has been in a strong downtrend since July this year. Last week the stock witnessed a corrective bounce. It made a high of ₹109.15 on Friday and then has turned down from there. The 1.9 per cent fall seen so far […]

Target: ₹2,000 CMP: ₹1,477.55 Signature Global began its operations in 2014 and in just a decade, it has become one of the leading real estate developers in the Delhi-NCR market. The company commenced its journey in the affordable and low/mid-income housing segment by leveraging the State government’s housing policies. Through its standardised offerings and quick […]

Shares of Sun TV Network crashed 10.50 per cent to ₹818.45 on the BSE after the Chennai-based company posted underwhelming Q1 FY25 results, forcing brokerages to downgrade the stock. The media giant on Friday posted a 6.21 per cent decline in standalone net profit at ₹546.94 crore in Q1-FY25 as against ₹582.80 crore in Q1 […]

Target: ₹112 CMP: ₹131.70 SAIL’s Q1-FY25 performance was below the consensus estimates owing to lower NSR and volumes. Due to the global steel pricing being under-pressure and China’s cheap steel imports showing continuous increase every month, SAIL’s quarterly performances have been impacted. Imported coking coal cost for Q1-FY25 was in the range of ₹24,500/t and […]

SEBI chairperson Madhabi Puri Buch and her husband Dhaval Buch termed the allegations made by Hindenburg Research as baseless and denied the “insinuations made in the report. “ Read: Adani-Hindenburg row: Supreme Court directs SEBI to probe if Hindenburg report violated law, caused harm to investors “In the context of allegations made in the Hindenburg […]

Amid rising concern over small market valuation and volatility, stock exchanges will enhance the enhanced surveillance measure (ESM) framework to companies with market capitalisation of ₹1,000 crore from ₹500 crore from Tuesday. Last June, stock exchanges introduced ESM to rein-in volatility in small-cap stocks aided by huge fund flow through mutual fund schemes. Following a […]

Shares of Ola Electric Mobility saw a strong opening day at the bourses despite getting a flat listing on Friday. The stock listed at the issue price itself at ₹76 but gathered steam to close at day’s high of ₹91.20 — up 20 per cent over the IPO price on the NSE. The stock, after […]

A rebound in stocks in the final stretch of a wild week drove the market to its biggest back-to-back advance in 2024. That semblance of calm stands in stark contrast to the recent gyrations that rattled the global financial world. After the many ups and downs — including Monday’s panic selling — the S&P 500 […]

Nowadays, it has become an increasingly difficult task for fund managers to outperform benchmarks, given the relentless rally. In the current market conditions, asset management companies are working tirelessly to identify the right stocks and sectors to generate alpha, often developing novel schemes that rely on quant-based tools. For instance, everyone knows that sectoral funds […]

Shares of Eicher Motors gained nearly 6 per cent on Friday’s trade following its Q1 results. The company clocked ₹1,101.46 crore consolidated net profit for the quarter ended June 2024, almost 20 per cent increase from ₹918.34 crore net profit in the corresponding quarter last year. Eicher’s total motorcycle sales stood at 2,27,736 units in […]

National Stock Exchange (NSE) chief Ashishkumar Chauhan believes the new regulatory proposals on F&O could have a significant impact on exchange volumes, if implemented in totality. Speaking at an analyst call on Thursday, Chauhan said the Gift City may become a beneficiary if volumes on the mainland bourses decline. “We are still waiting for the […]