Category: Cryptocurrency

Equity benchmark indices Sensex and Nifty closed nearly 1 per cent down on Thursday after the Reserve Bank of India decided to keep the policy rate unchanged for the ninth time in a row, saying food inflation remains stubborn. The 30-share BSE Sensex declined by 581.79 points or 0.73 per cent to settle at 78,886.22 […]

Target: ₹2,680 CMP: ₹2,574.80 In Q1FY25, TVS Motors registered in line performance on Revenue/EBIDTA/PAT front (VAR is +/-1 per cent). Revenue under the quarter review improved by 16 per cent y-o-y basis to ₹8,375 crore (vs est. ₹8,440 crore) supported by 1.7 per cent y-o-y increase in ASP and 14.1 per cent volume growth. Operating […]

Altair and L&T Technology Services have announced the creation of a digital twin center of excellence (CoE) to accelerate digital transformation. This CoE will provide digital twin capabilities to customers worldwide in the mobility, hi-tech, and sustainability sectors.  L&T Technology Services shares were trading at ₹4,995.70, up by 27.95 points (0.57 per cent) on the […]

The public issue of Ola Electric Mobility, the first pure EV company to hit the capital market, saw a moderate response from investors. The IPO was subscribed 4.27 times with qualified institutional investors and retail investors showing more interest, as their respective portion was subscribed 5.31 times and 3.92 times. However, HNIs (non-institution investors) remained […]

The Government may consider up to 5 per cent stake dilution in Life Insurance Corporation of India (LIC) in the current fiscal as part of incremental steps to meet the minimum public shareholding (MPS) norm. The Centre had mopped up ₹21,000 crore in May 2022 via an initial public offer (IPO) of India’s largest life insurer. […]

The share of domestic Mutual Funds (MFs) in companies listed on the NSE rose to another all-time high of 9.17 per cent as on June 30, from 8.93 per cent a quarter ago, on the back of robust inflows totalling over ₹1 lakh crore, as per primeinfobase.com, an initiative of PRIME Database Group. Also read: […]

Target: ₹3,730 CMP: ₹3,374.20 Titan’s Jun-Q earnings were above expectations. Revenue was already known from the prequarter update; however, EBIT was ahead of our forecasts primarily on account of better than expected Jewellery division margins. Contrary to ours and street expectation of margin compression due to weaker sales and mix, the division margin expanded by […]

Mutual funds have raised their holdings in BSE to 8.78 per cent in the quarter ended June from 8.52 per cent in the previous quarter. This is the fourth consecutive quarter where MFs have raised their holdings in the bourse. Also read: FPIs continue aggressive selling post-Budget: Pull out ₹20,919 crore since July 23 Foreign […]

Eight of the top-10 most valued firms together lost ₹1,28,913.5 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest laggards, amid weak trend in equities. In the ranking of the most valued firms, Reliance Industries retained the number one rank followed by TCS, HDFC Bank, […]

The short-term outlook for the stock of ITC (₹489.10) is flat to negative although the long-term outlook still remains positive. Only a close below ₹383 will alter the positive view on the stock. Yet, in the near term, the price could drop. Immediate support levels are at ₹466 and ₹440. A break below the latter will […]

Global equity markets are under pressure. The fear of a recession in the US has resurfaced after some weak economic data releases last week. The trigger for the fall came initially on Thursday after the weak US Purchasing Managers Index (PMI) data. That triggered a sharp sell-off in the Dow Jones Industrial Average which, in […]

Indian equities fell over 1 per cent on Friday on weak global cues, snapping a five-day winning streak and ending in the red after eight weeks of gains. Global markets witnessed selling pressure after US Manufacturing PMI data showed contraction and a rise in initial jobless claims to an 11-month high, sparking concerns of a […]

Shares of Zomato surged more than 12 per cent on Friday after the food delivery aggregator reported a multi-fold jump in consolidated net profit to ₹253 crore for the June quarter. The stock of Zomato zoomed 12.14 per cent to trade at ₹262.50 apiece on the NSE. On the BSE, it jumped 12.13 per cent […]

The initial public offering of Akums Drugs and Pharmaceuticals saw a robust response from all category investors, especially from institutions. The IPO that opened on Tuesday and closed on Thursday was subscribed 63.56 times, overall. The ₹1,856.74-crore IPO in a price band of ₹646-679, was a mix of fresh issue worth ₹680 crore and an […]

The initial public offering of Akums Drugs and Pharmaceuticals will close for public subscription today. The IPO that opened on Tuesday, received a robust response from retail and non-institutions (HNIs), with the issue being subscribed over 4.43 times. The ₹1,856.74-crore IPO in a price band of ₹646-679, is a mix of fresh issue worth ₹680 […]

Shares of Ashok Leyland have been on the fast lane of late. As analysts remained bullish on the company, post its Q1 financial performance, the stock hit an all-time high of ₹258.95. In fact, from ₹184 on July 31, 2023, the stock rose to ₹257.10, up about 40 per cent in the last one year. […]

Angel One has infused ₹250 crore into Angel One Wealth Ltd, to develop an omnichannel wealth-tech platform comprising three HNI, UHNI and Alternate Assets. The funds will be deployed to develop core technological infrastructure, leveraging AI and analytics, expand presence in key markets and develop curated, expert-led product strategies and suites. AOW aims to overcome […]

The Securities and Exchange Board of India (SEBI) chairperson, Madhabi Puri Buch, said on Tuesday that the KYC Registration Authority (KRA) system is required to keep the financial services sector safe. Responding to a query on simplifying KYC for mutual fund investors and the possibility of centralised KYC becoming a reality, Buch said a Paytm-type […]

Benchmark equity indices Sensex and Nifty eked out gains in volatile trade to settle at record high levels on Tuesday, extending their gaining streak to the third day on the back of buying in Tata Motors and HDFC Bank. The 30-share BSE Sensex closed higher by 99.56 points or 0.12 per cent at 81,455.40 — […]

The Ministry of Defence (MoD) and the National Stock Exchange of India Limited (NSE) on Monday signed a Memorandum of Understanding (MoU) to facilitate capital market access for micro, small, and medium enterprises (MSMEs) for fund raising. The move comes after the stocks of major defence companies, whether government-owned or private, have been trading well […]

Shares of Monarch Networth Capital Ltd (MNCL) on Monday jumped 6.6 per cent to ₹653 on the BSE, after the company announced fund raising and bonus issues. The company said it has raised ₹300.21 crore through a preferential issue of about 53.61 lakh shares at ₹560 each to 29 investors, who included promoter group entity […]

Indian equity benchmarks Sensex and Nifty are likely to open marginally higher on Friday, after logging losses in the previous five sessions, with analysts expecting earnings-led stock-specific reactions to guide the intraday trajectory. The GIFT Nifty was at 24,486 points, as of 8:16 a.m. IST, suggesting that the Nifty 50 index will open slightly above […]

JVN Share Price Updates 26 July 2024: SJVN stock jumped over 8% in early trade on Friday after the company received a letter of intent for allotment of Darzo Lui Pumped Storage Project from the Government of Mizoram. The estimated cost of the project on completion is ₹13,947.50 crore. ALL UPDATES July 26, 2024 15:39 […]

Target: ₹760 CMP: ₹716.75 Bikaji Foods International’s Q1-FY25 management commentary reassured us on the topline trajectory, but margin outlook for FY25 looks bland. The management is aiming for 13-15 per cent volume growth for FY25, and expects product prices to increase by about 2-3 per cent. Return of rural demand is likely to aid overall […]

Target: ₹415 CMP: ₹716.75 Embassy Office Parks REIT (Embassy REIT) clocked Q1-FY25 NOI of ₹770 crore (down marginally q-o-q) and NDCF of ₹530 crore with distribution of ₹5.6/unit. Overall portfolio occupancy as of Jun’24 remained flat q-o-q at 85 per cent, including infusion of 1.4msf Splendid Techzone, Chennai asset of 1.4msf from June 1. Driven […]

Shares of Sanstar debuted on postiive note on Friday after blockbuster IPO. As against the IPO price of ₹95, the stock was listed at ₹109 on the NSE and rose further to ₹128.79 before settling at ₹115.07, up 21.25 per cent. On the BSE, the stock close at ₹115.09. While this performance is positive, it […]

The benchmark Sensex rebounded by 1,293 points, while the broader Nifty shot up nearly 2 per cent to a record high on Friday, cutting short its five-day losing streak on heavy value-buying at lower levels and a rally in blue-chips like Reliance Industries. The 30-share BSE Sensex jumped 1,292.92 points or 1.62 per cent to […]

Target: ₹4,150 CMP: ₹3,623 Larsen Toubro’s Q1-FY25 results were 3 per cent ahead of our estimates on both revenue and PAT. The company reported 15/15/12 per cent y-o-y growth in revenue/EBITDA/PAT on a consolidated basis. In a seasonally weak quarter, core E&C revenues and EBITDA also grew by 18/21 per cent y-o-y, with Core E&C […]

Shares of Axis Bank slumped nearly 7 per cent on Thursday to ₹1,150.50 on the NSE due to concern over credit costs. The bank on Wednesday reported a 5.66 per cent rise in consolidated net profit for the June quarter at ₹6,436 crore. However, its gross non-performing assets (GNPA) increased sequentially. Several brokerages revised the […]

Target: ₹340 CMP: ₹298.45 Q1 core income was in line with estimates, but lower provisions led to M&M Financial Services’ earnings beat. On its strong parentage, healthy growth and potential for improvement, we retain our Buy rating. Steady AUM growth, led by premiumization. Barring tractors, disbursements were healthy, which drove AUM up 23 per cent […]

Tata Consumer Products Share Price Updates for July 24, 2024: Tata Consumer Products stock declined about 3% in early trade on Wednesday. The company’s board has approved a rights issue for an amount not exceeding ₹3,000 crore by issuing 3,66,47,492 shares at ₹818 a share. The issue will open on August 5 and end on […]

The latest Budget on an overall basis is broadly positive despite the higher tax on capital gains and higher STT. The negative sentimental effect of the higher taxes may be over in a couple of days. The provision for boosting spends in the agri sector, increase in spend on affordable housing, new schemes to provide […]

Shares of gold and jewellery retailers surged on Tuesday after Finance Minister Nirmala Sitharaman said the Government will reduce the basic customs duty on the yellow metal and silver to 6 per cent. On the BSE, the stock of Senco Gold zoomed 8.18 per cent to trade at ₹1,018.60 apiece, Rajesh Exports surged 3.65 per […]

Target: ₹483 CMP: ₹709.90 JSW Energy reported flat revenue of ₹2,900 crore in Q1, led by lower fuel costs, which are generally pass-through in nature. EBITDA grew a robust 16 per cent y-o-y to ₹1,400 crore, led by incremental contribution from Ind Barath plant (350MW), new organic renewable capacities and improved generation from hydro plants. […]

Equity benchmark indices Sensex and Nifty ended lower on Monday, dragged down by heavy selling pressure in Reliance Industries and Kotak Mahindra Bank ahead of the Budget. Besides, a weak trend in global equity markets also hit investors sentiment, traders said. Falling for the second day in a row, the 30-share BSE Sensex fell 102.57 […]

Ahead of Budget on July 23, Foreign Portfolio Investors (FPIs) continued to be on an equity buying binge this past week, pumping nearly ₹ 11,000 crore in just four trading sessions. Total FPI net investments this month through July 19 stood at ₹30,771 crore, depositories data showed. Reflecting the increased FPI appetite for Indian equities,  the […]

The combined market valuation of eight of the top-10 most valued firms jumped ₹2,10,330.26 crore in a holiday-shorted last week, with Tata Consultancy Services (TCS) and Life Insurance Corporation of India emerging as the biggest gainers. Last week, the BSE benchmark climbed 85.31 points or 0.10 per cent. The 30-share BSE Sensex hit its new […]

Benchmark indices have surged to new highs ahead of the upcoming Union Budget. Will the Budget keep the market momentum going? A study of four Budgets tabled in July after the formation of a new government shows that benchmark indices, the Sensex and the Nifty 50, have fallen on Budget Day. However, post that, the […]

Centrum Broking Target: ₹1,875 CMP: ₹1,768.45 Havells India’s sales growth was healthy at 20 per cent y-o-y to ₹5,800 crore, 3 per cent above our estimate, largely driven by Lloyd (+47 per cent y-o-y) and ECD (+20 per cent y-o-y led by fans and air-coolers) amid strong summer season. Gross margin rose 150 bps y-o-y […]

Of late, there have been many voices predicting a big crash, given the unrelenting rise in stock prices, and lofty valuations. Some quote Harry Dent, a financial author and economist who, in a recent interview to Fox News, said: “we’re in for a financial crash bigger than the Great Recession.” Dent said the “everything” bubble […]

Baroda BNP Paribas Large Cap Fund will complete 20 years of creating wealth in September. A consistent monthly investment of ₹10,000 since the fund’s launch will be worth over ₹1.28 crore. The fund has consistently outperformed the benchmark index over one, three, five, and ten years. The fund has been designed to ride the market […]

Navi Mutual Fund has launched its first-ever index fund to track Nifty 500 Multicap 50:25:25 index. The new fund offer will close on July 30. The multi-cap index offers investors an opportunity to gain diversified exposure across large, mid and small-cap companies in a fixed weight of 50 per cent in large cap and 25 […]

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Qualified Institutional Investors, especially Asset Management Companies (AMCs), have stepped up their due diligence prior to investing in companies through qualified institutional placements and also in the case of initial public offerings. “The business diligence being done by the institutional investors have been very rigorous,” said Bhavesh Shah, Managing Director, Equirus Group, which recently closed […]

Equity, currency, commodities markets closed for Muharram

57 per cent or 159 of the 281 open-ended equity diversified funds outperformed their respective benchmarks in June, according to PL Wealth Management, Prabhudas Lilladher’s wealth management arm. Multi cap funds was the best performing category where 75 per cent of the schemes outperformed the benchmark. 64 per cent and 62 per cent of focused […]

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

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

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

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

The combined market valuation of seven of the top-10 most valued firms jumped ₹1,72,225.62 crore last week, with IT bellwether Tata Consultancy Services (TCS) stealing the show, amid a rally in equities. Also read: TCS profits rise 8.8% to ₹12,105 cr in Q1 on India revenue growth Last week, the BSE benchmark jumped 522.74 points, […]

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

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

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

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

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

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

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

Aqua PMS has returned 76 per cent in its debut year, with an alpha of 37 per cent over the BSE 500, driving its assets under management (AUM) past the ₹340-crore mark. The strategy is run by PL Asset Management, the asset management arm of Prabhudas Lilladher Group. Aqua is a 100 per cent quant-based […]

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

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

SSL Research reports that Tata Motors’ Jaguar Land Rover (JLR) division saw a 5% year-on-year increase in wholesales to 97,755 units and a 9% rise in retail volumes to 111,180 units for the first quarter of FY25. The sales mix was bolstered by higher-margin models like the Range Rover and Defender, which constituted 68% and […]

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

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

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

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

Shares of Nephro Care India on Friday made strong listing by gaining 90 per cent at ₹171 against the IPO price of ₹90. The stock rose further to end at ₹179.5, maximum permssible limit of 5 per cent from the listing price, and made an overall gain of 99.5 per cent. Earlier, the ₹41.26-crore initial […]

DFC Bank Stock/ Share Price Today Live Updates July 5, 2024: HDFC Bank has reported a 52.6% year-on-year (y-o-y) jump in gross advances and 24.4% y-o-y growth in total deposits in Q1FY25. These figures take into account the impact of merger of erstwhile HDFC Ltd with the Bank on July 1, 2023.  The stock hit […]

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

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

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

BSE Sensex has touched 80,000 mark on Wednesday’s early trade. Sensex traded at 79,983.23, higher by 541.78 pts or 0.68 per cent as at 10.32 a.m, and Nifty 50 traded at 24,277.20, up by 153.35 pts or 0.64 per cent. The 30-share BSE Sensex jumped 597.77 points to hit a new lifetime high of 80,039.22. […]

Target: ₹495 CMP: ₹478.95 Coal India (CIL) posted stable June 2024 performance figures. Production was up 8.8 per cent y-o-y while despatches rose by a mere 5.1 per cent y-o-y. In Q1-FY25, despatches to the power sector grew 4 per cent y-o-y while offtake by the nonregulated sector (NRS) jumped a sharp 16 per cent […]

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

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

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

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

eliance Industries share price, Reliance Industries stock price updates: Find all the updates related to Reliance Industries share prices and major developments here. ALL UPDATES June 28, 2024 15:35 RIL Share Price Live Updates: Reliance Industries stock closed at ₹3,126.95 on the BSE on Friday, up by 2.15%, and at ₹3,128.25 on the NSE, up […]

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

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

Shares of Stanley Lifestyles on Friday made a decent debut at the bourses by gaining 35 per cent over IPO price. Against the IPO price of ₹369, the stock was listed at ₹499 on the BSE, a premium of 35.23 per cent, and at ₹494.95 on the NSE, a premium of 34.13 per cent. The stock […]

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

The IPO of Divine Power Energy (DPEL), a manufacturer of insulated wires and strips, was subscribed a whopping 369 times at NSE Emerge platform. The company has launched the ₹22.76-crore IPO at a price band of ₹36-40. The New Delhi-headquartered company’s IPO comprised a fresh issue of 56.88 lakh shares. It had raised ₹6.48 crore […]

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

BSE Sensex climbed 620.73 pts or 0.80 per cent to close at 78,674.25 on Wednesday, and Nifty 50 was up 147.50 pts or 0.62 per cent to close at 23,868.80. Commenting on nifty outlook, Shrikant Chouhan, Head Equity Research, Kotak Securities, said, “Technically, after muted opening market successfully cleared the short-term resistance of 23750/78250 and post […]

BSE Sensex increased by 495.67 pts, or 0.64 per cent, to trade at 78,549.19, and Nifty 50 rose 125.85 pts, or 0.53 per cent, to trade at 23,847.15 as of 12.35 pm. Sectoral indices continued to trade in a mix. Nifty metal declined by 1.17 per cent to trade at 9,741.65. Nifty Media rose 2.05 […]

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

BSE Sensex jumped 404.20 pts, or 0.52 per cent, to trade at 77,745.28, as of 12.30 pm, and Nifty 50, rose by 95.45 pts, or 0.41 per cent at 23,633.30. Also read:Stock Market Live Updates 25 June 2024: Sensex and Nifty trade higher, maintain narrow range near all-time highs Sectoral indices traded in mix. Nifty realty […]

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

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

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

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

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

The Securities and Exchange Board of India (SEBI) on Friday disposed of its investigation against Unitech’s erstwhile promoters, Sanjay Chandra and Ajay Chandra, in a matter related to the routing of funds to the Indian securities market using overseas bank accounts with UBS AG. SEBI conducted a suo-moto investigation from April 1, 2006, to March 31, […]

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

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

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

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

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

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

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

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

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

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

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

Titagarh Rail Systems Ltd (TRSL) has commenced the production of trainsets for Bangalore Metro Rail Corporation Ltd’s (BMRCL) Phase 2 Yellow Line project, as part of a contract with China Railway Rolling Stock Corporation (CRRC). CRRC Nanjing Puzhen Co Ltd, which signed a contract with BMRCL in December 2019, has signed an MoU with Titagarh […]

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

Shares of Thomas Cook rose a little over 1 per cent on Thursday after CRISIL upgraded its outlook on the bank loan facilities and corporate credit rating (CCR) ‘positive’ from ‘stable’ The agency reaffirmed the ratings at ‘CRISIL AA-/ Positive CRISIL A1+’. According to the company’s statement, the rating factors Thomas Cook India group’s overall […]

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

Nifty 50 rose by 149.70 pts or 0.64 per cent to trade at 23,414.55 as of 12.41 pm, and BSE Sensex jumped 455.41 pts or 0.60 per cent to trade at 76,912.00. All sectoral indices traded in the positive zone except FMCG and realty stocks. The Nifty media, oil and gas, and PSU Bank stocks […]

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

Shares of Dredging Corporation of India Ltd (DCIL) hit the upper circuit on receipt of a new work order worth ₹2,015.9 crore. The company has received a contract from Syama Prasad Mookerjee Port Authority (SMPA), pertaining to the maintenance dredging in the Hooghly Estuary, primarily focusing on the shipping channel leading to Haldia Dock. The […]

Shares of Kronox Lab Sciences on Monday ended with a premium of 18 per cent at ₹159.35 against the issue price of ₹136 on the BSE. The shares were listed at ₹165, which is also day’s high and hit a low of ₹156.80 during the day On the NSE, the stock, after listing at ₹164.95, […]

Inflows into the equity schemes of mutual funds increased 83 per cent last month, to ₹34,697 crore, against ₹18,917 crore in April, largely boosted by new fund offer of HDFC Mutual Fund, and investors using the volatility in the market, to pump in more money. Also read:Equity MF flows dip 16% in April The thematic […]

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

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

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

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

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

Tata Consultancy Services Ltd.’s shares were up by 2.02 per cent after the company announced the launch of TCS AI WisdomNextTM, a platform designed to aggregate Generative Artificial Intelligence services into a single interface. The platform aims to facilitate the adoption of next-gen AI technologies for large organizations to provide cost-effective and regulatory-compliant solutions. The […]

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

Persistent Systems introduced the GenAI Hub, a platform designed to accelerate the creation and deployment of Generative AI applications within enterprises. This platform integrates with existing organizational infrastructure, applications, and data, facilitating the rapid development of industry-specific GenAI solutions. The company said, GenAI Hub supports the adoption of GenAI across Large Language Models (LLMs) and […]

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

Greaves Cotton Limited’s shares were up by 4.20 per cent after the company’s subsidiary, Greaves Electric Mobility Private Limited, announced the commencement of deliveries for the Nexus electric scooters in Bangalore. The company said that the Ampere Nexus is locally designed, developed, and manufactured in India. The company said that the phased delivery of Nexus […]

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

Datamatics Global Services Ltd secured its position in the 2024 Gartner Magic Quadrant for finance and accounting business process outsourcing for the third consecutive year. The company said that among the 18 vendors evaluated, Datamatics was acknowledged as a niche player. The company said that its proprietary generative AI and ML-powered digital platform, FINATO, is […]

Target: ₹2,124 CMP: ₹1,719.05 Kotak Mahindra Bank (KMB) has shown a decline in performance over the last three years (3Y return: -7.4 per cenet, 1Y return: -13.3 per cent) compared to the returns of Bank Nifty (3Y return: 37.4 per cent, 1Y return: 11.5 per cent) and Nifty (3Y return: 43.6 per cent, 1Y return: […]

DroneAcharya Aerial Innovations Limited’s shares surged 6.30 per cent after the company secured an FPV (First Person View) drone supply export order to date, valued at ₹15.01 crore. The order involves supplying 5,000 FPV drone kits and components and will be executed in collaboration with their Thailand-based group company, Drone Entry (Thailand) Co. Ltd. The […]

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

The combined market valuation of eight of the top-10 most valued firms declined by ₹2,08,207.93 crore last week, with bellwether Reliance Industries, TCS and Infosys taking the biggest hit. While these three firms along with ITC, Life Insurance Corporation (LIC), Hindustan Unilever Ltd, Bharti Airtel and ICICI Bank were the laggards, HDFC Bank and State […]

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

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

Stock markets snapped their five-day losing run on Friday with the benchmark BSE Sensex closing higher by 75 points on value-buying in banking and oil shares after recent losses. Also read:Stocks that will see action today: May 31, 2024 The 30-share BSE Sensex rose by 75.71 points or 0.10 per cent to settle at 73,961.31. […]

Bharat Rasayan shares jumped nearly 17 per cent a day after the company reported its financial results for the quarter that ended March 2024 post market hours. The stock traded at ₹10,720.30 on the NSE, higher by 16.46 per cent as of 1.53 pm. It has hit a 52-week high at ₹10,847.95. On the BSE, […]

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

Alembic Pharmaceuticals Ltd’s shares were up by 0.92 per cent after the company reported that the US Food & Drug Administration granted final approval for its Abbreviated New Drug Application (ANDA) for Sacubitril and Valsartan tablets in various strengths. This approval encompasses tablets containing 24 mg/26 mg, 49 mg/51 mg, and 97 mg/103 mg of […]

Mahindra Manulife Mutual Fund has launched an open-ended equity mutual fund scheme — Mahindra Manulife Manufacturing Fund. The scheme is aimed at investing predominantly in equity and equity-related securities of companies engaged in manufacturing theme. The new fund offer (NFO) of the scheme commences on May 31 and concludes on June 14. The scheme will […]

Anil Agarwal’s Vedanta Ltd. is considering a share sale as soon as the coming weeks that could raise as much as ₹8,500 crore, people with knowledge of the matter said.  Vedanta is working with advisers including Axis Bank Ltd. subsidiary Axis Capital and Citigroup Inc. on the offering, the people said. It has started gauging […]

Target: ₹1,535 CMP: ₹1,188.95 Affle’s (India) Q4FY24 revenue stood at ₹506.20 crore up, 1.5 per cent q-o-q/42.3 per cent y-o-y, beating our estimates of ₹499.8 crore, driven by steady growth in CPCU revenue. EBITDA margin was flat at 19.4 per cent, on q-o-q and y-o-y basis, slightly beating our estimate of 19.2 per cent. CPCU […]

BSE Sensex was up by 0.07 per cent or 52.35 points to 75,442.85, while the NSE Nifty was at 22,948.60 up by 0.07 per cent or 16.15 points. A total of 3,873 stocks were actively traded, 1,231 advanced, while 2,530 declined and 112 stocks remained unchanged when 164 stocks hit a 52-week high and 34 […]

Benchmark indices retreated after hitting fresh highs on Monday amid profit booking. The Sensex hit a fresh high and crossed 76,000 before ending at 75,391, down 0.03 per cent, amid weakness in metal and auto shares. The Nifty was down 0.11 per cent to 22932. Technically, the index found trendline resistance at 23,110 and witnessed […]

NSE Nifty was up by 0.56 per cent or 127.60 points to 23,086.85, while the BSE Sensex was at 75,911 up by 0.66 per cent or 500 points. Also read:Markets at a new peak, but only one in 10 stocks near life-time high A total of 4,020 stocks were actively traded, 1,739 advanced, while 2,117 […]

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

Foreign Portfolio Investors (FPIs), have shifted from heavy selling to increased buying of Indian equities, anticipating a clear BJP/NDA win in the general elections, analysts said.  Also read:Despite continued selling pressure by FPIs, Indian markets are at all-time high This trend reversal, is evident, as FPIs became net buyers last week, notably net investing ₹4,670 […]

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

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

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

Jagsonpal Pharmaceuticals Ltd’s shares were up by 4.71 per cent after the company announced the launch of MemUp, a hormone replacement therapy (HRT) featuring a USFDA-approved combination of bioidentical estradiol and bioidentical progesterone in a single daily oral capsule. MemUp aims to address vasomotor symptoms of menopause, such as hot flashes, night sweats, and sleep issues.  […]

Shares of Uno Minda Ltd surged over 10 per cent on Thursday after reporting strong financial performance for Q4-FY24 and fundraising plans. Also read: Uno Minda signs technical license agreement with Starcharge Energy The company reported its consolidated net profit for the quarter ended March at ₹269 crore (excluding exceptional income) a jump of 47 […]

The NSE Nifty was up by 0.35 per cent or 79.90 points at 22,677.70, while the BSE Sensex was at 74,640 up by 0.57 per cent or 419 points at mid-session on Thursday. Of a total of 3,792 stocks that were actively traded, 1,866 advanced, while 1,773 declined and 153 stocks remained unchanged, where 179 […]

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

Strides Pharma Science Ltd’s shares were up by 0.76 per cent after the company said its step-down wholly-owned subsidiary, Strides Pharma Global Pte Ltd, Singapore, had received approval from the United States Food & Drug Administration (USFDA) for the generic version of Sucralfate Oral Suspension, 1gm/10 mL. This is the first Indian approval for this […]

The market capitalisation of companies listed on BSE crossed $5 trillion for the first time on Tuesday, turning the spotlight on valuations. The number of companies trading at more than 50 times 12-month forward price to earnings multiples has increased 10x over the past 10 years and now stands at 104 (see table). Nifty Midcap […]

Bharat Electronics stock surged, to hit a fresh high at ₹283 on the NSE on Tuesday, after the company reported its financial results for the quarter ended March, 2024. The company reported its consolidated net profit for the quarter ended March, 2024 at ₹1,796.67 crore as against ₹1,382.01 crore in the corresponding quarter ended March, […]

The net SIP inflow into mutual funds fell by 5 per cent to ₹8,660 crore in April against ₹9,109 crore in March largely due to investors hitting the pause button on monthly remittances amid concern over high valuation and uncertainty about the general election outcome. Despite the record SIP inflow of ₹20,371 crore last month, […]

Solara Active Pharma Sciences Ltd has announced that the USFDA has completed the inspection at its multipurpose API manufacturing facility in Visakhapatnam, Andhra Pradesh. The inspection established that the site is in an “acceptable state of compliance” with zero form 483 inspectional observations. The Visakhapatnam facility is a green field project spread over 40 acres […]

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

Eight of the top-10 most valued firms added ₹1,47,935.19 crore in market valuation last week, with Life Insurance Corporation of India (LIC) and Reliance Industries emerging as the biggest gainers. Last week, the BSE benchmark climbed 1,341.47 points or 1.84 per cent. The National Stock Exchange (NSE) and BSE conducted a special trading session in […]

Equity benchmark indices closed the special trading session on a firm note on Saturday, extending their rally to the third day running amid fresh foreign fund inflows. The 30-share BSE Sensex climbed 88.91 points or 0.12 per cent to end at 74,005.94. During the session, it jumped 245.73 points or 0.33 per cent to 74,162.76. […]

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

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

Veerhealth Care Limited secured an export order worth $197,793 (approximately ₹165 Lakhs) from an institutional supplier in the United States. This order follows a preliminary sample order of oral care products.  Bhavin Shah, Managing Director of Veerhealth Care Limited, said, “I am delighted to share this milestone achievement with you. Securing a significant order from […]

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

BSE Sensex declined by 109.15 pts or 0.15 per cent at 72,877.88 as of 12.35 pm, and Nifty 50 dropped 32.95 pts or 0.15 per cent at 22,167.60. Sectoral indices traded in a mix. Nifty realty rose 1.27 per cent to trade at 977.25 as of 12.37 pm. Nifty PSU Bank declined by 1.29 per cent to trade at 7,068.05 and […]

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

BSE Sensex declined by 105.38 pts or 0.14 per cent to trade at 72,999.23 as of 12.31 pm, and Nifty 50 traded at 22,212.05, down by 5.80 pts or 0.03 per cent. Majority of the sectoral indices continued to trade positive. Nifty PSU Bank was up 1.67 per cent at 7,178.00. Nifty auto slipped 0.52 per cent at 22,755.20.  Also read: Sensex, Nifty open marginally […]

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

BSE Sensex rose by 229.47 pts or 0.32 per cent to trade at 73,005.60 as of 12.35 pm; and Nifty 50 was up 84.65 pts or 0.38 per cent at 22,188.70. India VIX was at 20.40, down by 0.97 per cent. Nifty pharma, healthcare index, and FMCG continued to trade in the negative territory. Nifty IT slipped by 0.02 per cent to trade […]

Sensex, Nifty, Share Prices LIVE:

India needs to focus on factor market reforms like land and labour, to propel India’s growth to a double-digit trajectory, ADB Chief Economist, Albert Park has said. Also read:FPIs, FIIs continue selling spree amid uncertainties in Indian markets “There are still concerns that, the basic factor markets like land and labour in the formal sector […]

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

Stock markets will be driven by domestic inflation data, ongoing quarterly earnings from corporates and global trends this week, analysts said. News flows around the general election would also be tracked by investors, market experts said. Besides, investors would also take cues from the trading activity of foreign investors, the movement of global oil benchmark […]

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

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

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

Strides Pharma Science Limited’s shares rose 1.64 per cent after the company announced that its subsidiary, Strides Pharma Global Pte Limited, Singapore, received approval from the USFDA for Sevelamer Carbonate Tablets, 800 mg.   The company informed that the approval strengthens its position in the Sevelamer segment, complementing its existing approval for Sevelamer for Oral […]

The benchmark indices witnessed a sharp selloff on Thursday amid selling by overseas investors and nervousness around the outcome of the Lok Sabha elections. The Sensex slid 1,062 points, or 1.45 per cent, to 72,404; while the Nifty50 settled at 21,958, down 1.55 per cent, the fifth straight day of decline. Broader indices Nifty Midcap […]

NSE Nifty 50 was down by 0.23 per cent, or 51.40 points, to 22,251, while the BSE Sensex was at 73,238, down by 0.31 per cent, or 227.50 points in early trade. A total of 2,979 stocks were actively traded, 1,527 advanced, 1,352 declined and 100 stocks remained unchanged. And, 83 stocks hit 52-week high […]

BSE will launch single stock futures from July 1, the bourse said on Wednesday. This will be a fortnightly product and will be free of cost initially. Rival NSE currently offers over 180 stocks in index derivatives, but BSE may offer a much lower number to begin with, said market watchers. Also read: BSE Q4 […]

NSE Nifty was down by 0.26 per cent or 57 points to 22,245, while the BSE Sensex was at 73,307 down by 0.28 per cent or 204 points. A total of 3,015 stocks were actively traded, 1,720 advanced, while 1,182 declined and 113 stocks remained unchanged where 61 stocks hit a 52 week high and […]

Foreign investors will find it easy to invest in derivative investment as the Reserve Bank of India has amended the FEMA (Foreign Exchange Management Act) regulation to facilitate margin management for trading in permitted derivatives. This will be applicable for transactions taking place in or outside India. The central bank has issued two notifications. The […]

Indian shares inched higher on Tuesday, driven by gains in consumer goods stocks and supported by renewed confidence that major global central banks will start lowering interest rates this year. The blue-chip Nifty 50 added 0.2 per cent to 22,491 points, while S&P BSE Sensex advanced 0.16 per cent to 74,005 points. Fast moving consumer […]

Options writers were caught off guard by freak movements in the underlying indices last month, resulting in losses running into hundreds of crores for large individual traders, said two people in the know. The options strike prices saw unusual spikes on at least three days, all within a few micro-seconds, triggering widespread stop losses and […]

Shares of Kotak Mahindra Bank on Monday rallied nearly 5 per cent after the company reported a 25 per cent growth in its March quarter net profit. The stock climbed 4.85 per cent to ₹1,622.35 on the BSE. On the NSE, it jumped 4.90 per cent to ₹1,622.50. It emerged as the biggest gainer among […]

The government auctioned sovereign green bonds worth ₹20,000 crore in FY24, compared to ₹16,000 crore in FY23 to mobilise resources for green infrastructure projects, particularly for expanding renewable energy capacity. Also read:Indian bond yields stop swaying to the US tune Besides, foreign direct investment (FDI) flows towards non-conventional energy surpassed $2 billion for the second […]

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

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

Aptus Value Housing Finance Ltd has reported a 21 per cent increase in consolidated profit after tax at ₹164 crore for the quarter ended March 31, 2024, compared with ₹135 crore in the year-ago quarter.   Also read:Aadhar Housing Finance IPO: Price band set at ₹300-315 per equity share The board has declared an interim dividend of […]

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

What is the outlook for Canara Bank? Can I buy futures at the current level? – V Bhanu Canara Bank (₹625):  The stock is in a long-term uptrend. Last week, it broke out of the hurdle at ₹620 and hit a record high of ₹632.90. But that said, the chart shows that Canara Bank’s stock […]

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

L&T Technology Services has signed a contract with automotive supplier Forvia. The contract of engineering development activities is approximately valued at €45 million for its clean mobility division. According to the stock exchange filing, about 300 engineers from Forvia’s Augsburg (Germany) and Bangalore (India) sites, have been moved to LTTS as part of the 5-year […]

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

Maruti Suzuki India Ltd has commenced pre-bookings of the fourth-generation Epic New Swift at an initial payment of ₹11,000. Partho Banerjee, Senior Executive Officer, Marketing and Sales, Maruti Suzuki India, said, “The Swift has been an iconic brand for Maruti Suzuki, one that has evolved with changing times to redefine customer expectations. The next-generation Swift […]

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

Trent stock surged to hit a record high at ₹4,670 on the NSE after the company reported a 13-time rise in the consolidated net profit of the March quarter at ₹704.2 crore. Also read:Prabhudas Lilladher advises long-term SIP in Aditya Birla group stocks The stock surged 5.09 per cent to trade at ₹4,533.70 on the NSE as […]

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

Shares of ICICI Bank hit a lifetime high on the NSE at ₹1,136.90 on Monday’s trade after the company’s March quarter consolidated net profit grew 18.5 per cent to ₹11,672 crore, helped by lower provisions. The stock was trading at ₹1,138.85 on the NSE, higher by 2.79 per cent as of 11.53 am. Global brokerages such as […]

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