(Bloomberg) -- Paytm’s founder expects his bank to get a fresh lease on life from Indian regulators, after he distanced that company from his larger fintech empire. The Reserve Bank of India last year imposed new curbs on unlisted Paytm Payments Bank Ltd. after years-long warnings about data flows between it and Paytm, a separate business entity that trades as One97 Communications Ltd. The restri
https://economictimes.indiatimes.com/markets/stocks/stock-watch/varun-beverages-stock-price-1-07-per-cent-as-sensex/articleshow/117446107.cms
Shares of InterGlobe Aviation Ltd. traded 0.38 per cent in Wednesday{sin-quite}s session at 11:21AM (IST). The stock opened at Rs 4043.30 and has touched an intraday high and low of Rs 4087.95 and Rs 3969.00, respectively, during the session so far.
Bharat Petroleum Corp., HDFC Bank Ltd. and Hindustan Unilever Ltd. are among the top names that will announce their earnings for the third quarter on Wednesday. Bharat Petroleum Corp. is likely to clock a profit of Rs 5,265 crore and revenue of Rs 1,07,345 crore for the quarter ended December, as per the consensus estimates of analysts tracked by Bloomberg. Analysts also estimate the Ebitda of th
Jio Financial Services Ltd., Medplus Health Services Ltd. and Neuland Laboratories Ltd. are some stocks that will be on the radar on Wednesday. Jio Financial Services and BlackRock further subscribed to Rs 5.85 crore shares of JV Jio BlackRock Asset Management for Rs 117 crore, while Medplus Health{sin-quite}s arm gets three suspension orders of drug licence for store situated in Karnataka.
This is the daily morning update from NDTV Profit. Over the next few minutes, I’ll bring you up to speed with everything you need to know to start your day on the right note.
The third quarter earnings season is underway and about 50 companies will announce their results on Tuesday. Key results to watch out for include HDFC Bank, HUL, Tata Communications and Hudco.
Denta Water IPO, through which the company aims to raise around Rs 220 crore, has opened for subscription today. The IPO is completely a fresh equity sale worth Rs 75 lakh shares.
U.S. President-elect Donald Trump threatened to impose tariffs on many countries if they do not fulfil certain conditions. In November last year, he said he would impose sweeping tariffs on imports from Canada, China, and Mexico if these countries failed to stem illegal border crossings into the U.S. and the trafficking of drugs — in particular Fentanyl, which is a deadly opioid
In the NSE list of stocks with a market cap of over Rs 10,000 crore, five stocks closed prices crossed above their 200 DMA (Daily Moving Averages) on January 21, according to stockedge.com{sin-quite}s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
The shares of Rikhav Securities debuted with 90% premium on the BSE SME platform on Wednesday. Shares of the company listed at Rs 163.4 over its IPO price of Rs 83.
The SME IPO of Rexpro Enterprises, which is into the business of natural wellness solutions, opened for subscription earlier today and will close on January 22. The IPO is being floated to raise around Rs 54 crore and list the shares on the NSE SME platform.
The non-banking finance company, backed by Punjab National Bank, saw total income grow to Rs 1,943 crore from Rs 1,756 crore in the previous year’s quarter.
Brokerages have reacted to the third-quarter financial results of Tata Technologies Ltd., ICICI Prudential Life Insurance Co. and KEI Industries Ltd. Citi maintained a {sin-quite}sell{sin-quite} rating for Tata Technologies, while reducing the target price to Rs 765 as near-term issues are likely to weigh on the company{sin-quite}s growth prospects. Morgan Stanley has maintained an {sin-quite}overweight{sin-quite} rating for Reliance Industries
Marc Faber, The Gloom, Boom & Doom Report, says it{sin-quite}s wise to stay away from overly popular sectors. He believes the current negativity is primarily in popular American stocks, particularly Tesla and Nvidia, which are expensive and have an uncertain future. Global investors trade these stocks and so he recommends avoiding the popular sectors. He says we{sin-quite}ve seen similar trends before: SPACs and meme stocks surged and then plummeted, while cannabis stocks fell by 90% and many went bankrupt.
IndiaMart Intermesh shares hit their 10% lower circuit at Rs 2,064.10 in early trade on Wednesday, January 22, after the brokerages downgraded the stock despite the company reporting a 36% jump in its consolidated net profit for the quarter ended December 31, 2024, to Rs 125 crore versus Rs 92 crore posted in the year-ago period. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/indiamart-intermesh-shares-in-focus-as-q3-pat-soars-36-yoy-heres-what-analysts-recommend/articleshow/117442167.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Welcome to the TCS Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of TCS, including: Last traded price 4135.3, Market capitalization: 1493998.79, Volume: 1007922, Price-to-earnings ratio 30.64, Earnings per share 134.78. Our liveblog offers a complete overview of TCS through a blend of fundamental and technical
Dalmia Bharat shares will be in focus on Wednesday, January 22, after the company{sin-quite}s profit slumped by more than 75% on year in the December quarter as weak prices of the building material and moderation in demand offset the benefits of lower cost of raw materials, logistics, and power and fuel.
China and Hong Kong stocks weakened on Wednesday after U.S. President Donald Trump hinted at potential new tariffs on Chinese imports, ending a brief reprieve for the markets.
The Burman family has announced dates for the takeover of Religare Enterprises Ltd. M.B. Finmart Pvt., Puran Associates Pvt., VIC Enterprises Pvt., and Milky Investment & Trading Co.— entities owned by the Burman family— have requested the NSE for usage of web-based bidding platform. The takeover offer will be open from Jan. 27 to Feb. 7. The issue will be of up to 9,00,42,541 equity shares, acco
Indian regulators should allow framework agreements and capacity reservations for transmission companies to make investments more predictable, Andreas Schierenbeck, global chief executive officer of Hitachi Energy, said. "We have to shift from buying one transformer for one project to framework agreements with wide programmes to have investment visibility," Schierenbeck told NDTV Profit, during a
“The investment philosophy of the fund is centered on acquiring growth-oriented companies at median or below-median valuations,” says Abhishek Jaiswal, Fund Manager at Finavenue. Read more at: https://economictimes.indiatimes.com/markets/expert-view/etmarkets-aif-talk-from-rs-1-cr-to-rs-2-3-cr-how-finavenue-growth-fund-delivered-stellar-returns-for-crorepati-investors-in-2024/articleshow/117421318.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
On January 21, three stocks from the Nifty200 pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 50 from below. "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.
Dixon Technologies Ltd.{sin-quite}s shares were down 13% in trade on Tuesday, despite the company posting a robust third-quarter results. One of the key reasons for the sharp fall is being attributed to the management announcing its entry into the semiconductor component space, with investments in display fabrication facility, which would require large capital expenditure. Market capitalisation of the firm
Citi Group has reinitiated coverage on Concord Biotech Ltd. with a {sin-quite}neutral{sin-quite} rating and a target price of Rs 2,330 per share. This rating comes after a period of suspension, reflecting cautious optimism for the company t
As of January 21, there was a notable surge in futures open interest for four stocks in the NSE F&O pack, contributing to a total increase in open interest of over 25% compared to the previous trade. A significant uptick in futures open interest signifies substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.
RailTel Corporation of India shares will be in focus on Wednesday, January 22, following the company’s announcement of receiving a work order worth Rs 46.79 crore (inclusive of taxes) from North Western Railway. The contract, awarded by the Deputy Chief Signal and Telecommunication Engineer (Construction), Ajmer Division, pertains to signaling work.
Shares of LTIMindtree Ltd. 0.08 per cent to Rs 5833.00 at 10:43AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session.
Shares of LTIMindtree Ltd. 0.08 per cent to Rs 5833.00 at 10:43AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session. t
Multi Commodity Exchange Ltd.{sin-quite}s share price fell nearly 8% in early trade on Tuesday after it reported third quarter financial results that clouded outlook on valuations. Consolidated net profit rose 4.17% sequentially to Rs 160 crore, meeting the estimate of Rs 163 crore as per analysts{sin-quite} consensus compiled by Bloomberg. Revenue increased 5.5% to Rs 301.4 crore, compared to the projection of Rs 2
With India gearing up for its Union Budget on February 1, investors in ITC will be watching closely as tax policy on cigarettes takes center stage. Brokerage Nuvama Research has predicted a low likelihood of a sharp tax hike, citing recent trends and the impact of urban economic slowdown on legal cigarette volumes.
Tech Mahindra has garnered mixed reviews from leading brokerage firms following its Q3 results. IT services company Tech Mahindra on Friday reported a 93% growth in consolidated net profit for the quarter ended December 31, 2024.
Glenmark Pharmaceuticals Ltd. on Tuesday said its US arm has launched anticoagulant Phytonadione injectable emulsion. Glenmark Pharmaceuticals Inc., USA has launched Phytonadione injectable emulsion of strength 10 mg/mL single-dose ampules, the company said in a statement. The single-dose ampules is bioequivalent and therapeutically equivalent to the reference listed drug, Vitamin K1 Injectable
Varun Beverages Ltd. got an {sin-quite}outperform{sin-quite} rating from JPMorgan as the brokerage initiated coverage on the stock. It expects a rise in India volumes and better overseas delivery to aid growth. The brokerage gave a target price of Rs 650 apiece, which implies 19.12% upside from the current market price. Varun Beverages{sin-quite} execution and market share gain led growth strategy makes it one of the few stap
NEW DELHI: Mining stocks were trading lower on Tuesday at 11:15AM Ashapura Minechem Ltd.(up 1.01%) were among the top gainers.
Ahead of the Union Budget 2025, the healthcare industry expects the government to come up with several key decisions to boost growth and research in the sector. Making healthcare more accessible and affordable, mandatory accreditation of testing laboratories, reduction in GST and incentivising research and development (R&D) are some of the key factors on the budget wishlist of the healthcare indus
Tata Tech, Tanla Platforms, KEI Industries, and Dalmia Bharat are some of the companies releasing their quarterly number on Tuesday. Catch live updates here.
NEW DELHI: Vodafone Idea(number of shares traded: 30.34 crore), Zomato(number of shares traded: 18.69 crore), YES Bank(number of shares traded: 4.50 crore), Rama Steel Tubes(number of shares traded: 4.46 crore), GTL Infra(number of shares traded: 2.98 crore), Ibull Real Estate(number of shares traded: 1.90 crore), Easy Trip Planners(number of shares traded: 1.86 crore), Coal India Ltd(number of shares traded: 1.60 crore), Apollo Micro Systems(number of shares traded: 1.47 crore) and Spacenet Enterprise(number of shares traded: 1.36 crore) were among the most traded securities on the National Stock Exchange at 11:31AM in Tuesday{sin-quite}s session.
A possibility of US tariffs for Indian exporters does not concern Bharat Forge{sin-quite}s Vice-Chairman and Joint Managing Director Amit Kalyani, as they will be managed by the country to prevent inflation, according to him. However, the Indian economy is not growing at the pace it needs to grow, he said.Tariffs are a wait and watch, Kalyani said, adding he is not overtly concerned because it affects every
Following the third quarter results of One97 Communications-held Paytm, global brokerage firm Macquarie has maintained its ‘Underperform’ rating on the stock with a target price of Rs 730.
Shares of Newgen Software Technologies Ltd. tumbled over 17% on Tuesday, following a downgrade by Jefferies from a "Buy" to "Underperform." The brokerage firm cited weaker-than-expected results for the third quarter of FY25 and concerns over the company{sin-quite}s valuations.
Shares of Newgen Software Technologies Ltd. tumbled over 17% on Tuesday, following a downgrade by Jefferies from a "Buy" to "Underperform." The brokerage firm cited weaker-than-expected results for the third quarter of FY25 and concerns over the company{sin-quite}s valuations. Newgen{sin-quite}s Q3 revenues of Rs 380 crore, reflecting an 18% year-on-year growth, missed estimates. While the company reported strong re
Brand Euro Pratik Ltd. on Tuesday submitted its preliminary paperwork to capital markets regulator SEBI, to seek approval for an initial public offering aimed at raising up to Rs 730 crore. The IPO will exclusively consist of an offer for sale, as outlined in the draft red herring prospectus. The company{sin-quite}s stock is proposed to be listed on the National Stock Exchange of India Ltd and the BSE Ltd.
Shares of Bandhan Bank Ltd. traded 0.26 per cent up at Rs 152.75 at around 11:49AM (IST) on Tuesday. The stock had closed at Rs 152.35 in the previous session. Equity benchmark Sensex traded 97.02 points at 76976.42 around the same time.
The Trump administration is expected to take action to weaken the Inflation Reduction Act, which was a significant climate legislation signed by the Biden government in August 2022.
UBS has outlined its base case for the US economy in the wake of US President Donald Trump{sin-quite}s second-term economic agenda, projecting continued growth despite potential challenges from tariffs. While tariffs are likely to rise, they are not expected to derail US economic expansion. UBS expects inflation to continue its downward trajectory, even as new trade policies take shape. One of the key pred
Shares of Multi Commodity Exchange of India (MCX) will remain in focus on Tuesday, January 21, after the company reported a net profit of Rs 160 crore for the third quarter ended December 2024, against a loss of Rs 5 crore in the corresponding quarter of FY24. t
Capital Numbers Infotech IPO kicks-off from today as the company plans to raise around Rs 169 crore through the public offer. The issue includes a fresh equity sale worth Rs 85 crore and an offer for sale (OFS) of 32.2 lakh shares.
Rajeev Agarwal, Fund Manager & Managing Partner, DoorDarshi India Fund, says many times, it is not about whether the business is a good business, but if the price is good enough? It is more of trying to be very careful with where the price is versus what we think the value is. And being conservative, many times they have to exclude some of the market darlings.
On January 17, the closing prices of four stocks from the Nifty500 pack rallied over 1.5% relative to the VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com{sin-quite}s technical scan data.
Tata Group-backed Indian Hotels Company (IHCL) shares fell as much as 3.9% on Monday to Rs 782.20 on the BSE after the company reported a profit after tax of Rs 633 crore for the quarter ended December, up 33% compared to the corresponding period of the previous fiscal.
The crypto story in India is ready to move beyond the metros with smaller cities showing a strong appetite for crypto adoption. Interestingly, Jaipur secured the sixth spot on the top 10 list after Delhi-NCR, Bengaluru, Mumbai, Hyderabad, and Pune. A significant majority of crypto investors in India (75%) are under the age of 35. Given that about 65% of the country{sin-quite}s total population is under 35 years of age, crypto presents a huge opportunity for investments.
The Nifty future closed in the negative with a loss of 0.50%, at 23,261 levels on Friday. India VIX closed at 15.75 in the previous trading session. On the options front, the maximum Call OI is placed at the 24,000 strike, followed by the 24,500 strike, while the maximum Put OI is placed at the 22,000 strike, followed by the 22,700 strike.
Amid fears that escalating competition from Zepto, DMart, Flipkart Minutes and a potential Amazon entry into the high-growth quick commerce (QC) market could lead to higher cash burn, shares of Zomato and Swiggy have fallen sharply, dropping up to 23% from their recent peaks.
Indian benchmark equity indices, Sensex and Nifty50, ticked higher on Monday, driven by Kotak Mahindra Bank{sin-quite}s strong Q3 performance despite a challenging environment, with notable growth in loans and deposits.
HDFC Securities has an add call on Reliance Industries Ltd. with a target price of Rs 1670. The current market price of Reliance Industries Ltd. is Rs 1291.5. Reliance Industries, incorporated in 1973, is a Large Cap company with a market cap of Rs 1762320.92 crore, operating in Diversified sectors. HDFC Securities has an add call on Reliance Industries Ltd. with a target price of Rs 1670. The current market price of Reliance Industries Ltd. is Rs 1291.5. Reliance Industries, incorporated in 1973, is a Large Cap company with a market cap of Rs 1762320.92 crore, operating in Diversified sectors.
ICICI Securities has a reduce call on L&T Technology Services with a target price of Rs 4110. The current market price of L&T Technology Services is Rs 5375.85 . L&T Technology Services, incorporated in 2012, is a Mid Cap company with a market cap of Rs 56834.23 crore, operating in the IT Software sector.
Motilal Oswal Financial Services has a buy call on Bharat Electronics Ltd. with a target price of Rs 360. The current market price of Bharat Electronics is Rs 279.95. BEL, incorporated in 1954, is a Large Cap company with a market cap of Rs 205295.14 crore, operating in the Defence sector.
ICICI Securities has a reduce call on L&T Technology Services with a target price of Rs 4110. The current market price of L&T Technology Services is Rs 5375.85 . L&T Technology Services, incorporated in 2012, is a Mid Cap company with a market cap of Rs 56834.23 crore, operating in the IT Software sector.
The wealth of the world{sin-quite}s ten richest men grew on average by almost $100 million a day — even if they lost 99% of their wealth overnight, they would remain billionaires, Oxfam said
Shares of Bandhan Bank Ltd. traded 0.56 per cent in Monday{sin-quite}s session at 10:25AM (IST). The stock opened at Rs 150.00 and has touched an intraday high and low of Rs 152.20 and Rs 149.25, respectively, during the session so far.
Shares of Au Small Finance Bank Ltd. 0.25 per cent to Rs 599.25 at 10:45AM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session.
Zomato Q3 Results: Food delivery company Zomato Ltd is expected to report strong year-on-year (YoY) growth, fueled by robust operating performance and continued momentum in its quick commerce and Hyperpure businesses.
Share price of ICICI Lombard General Insurance Company Ltd. 1.34 per cent to Rs 1921.00 at 11:01AM (IST) in Monday{sin-quite}s trade. The stock hit a high of Rs 2014.35 and low of Rs 1910.10 so far during the session. The stock had closed at Rs 1947.15 in the previous session.
Share price of ICICI Lombard General Insurance Company Ltd. 1.34 per cent to Rs 1921.00 at 11:01AM (IST) in Monday{sin-quite}s trade. The stock hit a high of Rs 2014.35 and low of Rs 1910.10 so far during the session. The stock had closed at Rs 1947.15 in the previous session.
Motilal Oswal Financial Services Ltd. issued a clarification on rumours around its investments in Kalyan Jewellers Ltd. on Sunday. The allegations, which have been circulating on social media sites too, suggested that employees at the fund manager{sin-quite}s subsidiary, Motilal Oswal AMC, were being bribed to up the fund{sin-quite}s holdings in the Kerala-based jewellery company.
One97 Communications Ltd., the parent company of Paytm, reported a net loss of Rs 208.3 crore for the third quarter of fiscal year 2025, as compared to a profit of Rs 928.3 crore in the previous quarter. However, the loss was still better than analysts{sin-quite} expectations, with Bloomberg consensus estimates predicting a loss of Rs 332 crore.
The selling equity is a different phenomenon. It is a function of different set of parameters, but at least on the currency side if we can reduce our overvaluation, then that reduces the incentive for people to take out money in dollar terms. So, I think that is what has happened over the last one month or so where the rupee has depreciated," says B Prasanna, ICICI Bank.
Shares of microfinance firm CreditAccess Grameen tumbled as much as 5.1% on Wednesday to Rs 910 on the BSE after brokerage firm Goldman Sachs maintained its ‘sell’ rating on the microfinance institutions (MFIs) player, indicating a further downside of 37% from current levels with a target price of Rs 577 per share. Shares of microfinance firm CreditAccess Grameen tumbled as much as 5.1% on Wednesday to Rs 910 on the BSE after brokerage firm Goldman Sachs maintained its ‘sell’ rating on the microfinance institutions (MFIs) player, indicating a further downside of 37% from current levels with a target price of Rs 577 per share.
Minda Corp.{sin-quite}s share price was up by over 5%, with the company looking to acquire a 49% stake in Flash Electronics (India) Pvt. for Rs 1,372 crore. The acquisition is expected to be completed this month. The flagship company of Spark Minda Group will acquire 2.55 crore shares with a face value of Rs 1, the company said in an exchange filing on Wednesday. In addition, the company said there is no n
IT services firm Tech Mahindra Ltd. is among the many companies slated to announce their financial results for the October-December quarter this week. Pune-based Tech Mahindra, a part of Mahindra & Mahindra Group, offers technology consulting and digital solutions to global enterprises across industries. With a market capitalisation of over Rs 1.6 lakh crore, Tech Mahindra is one of the leading
Shares of Maruti Suzuki India Ltd. are poised for the Rs 14,000 mark, as per Bank of America, with the counter already posting over 10% rally this year after ending 2024 on a sour note. The automaker rallied as much as 3.84% on Wednesday after the brokerage upgraded the stock to {sin-quite}buy{sin-quite}. The target price by BofA indicates an upside of 19.2% from Tuesday{sin-quite}s close.The stock faces strong resistance arou
India’s second largest IT services company Infosys is expected to report an year-on-year revenue growth between 4.8% and 6.7%, according to estimates given by five brokerages. The topline could be in the range of Rs 40,698 crore to Rs 41,400 crore. The net profit in Q3FY25 is likely to grow between 5.4% and 12% at Rs 6,438 crore - Rs 6,840 crore.
India’s second largest IT services company Infosys is expected to report an year-on-year revenue growth between 4.8% and 6.7%, according to estimates given by five brokerages. The topline could be in the range of Rs 40,698 crore to Rs 41,400 crore. The net profit in Q3FY25 is likely to grow between 5.4% and 12% at Rs 6,438 crore - Rs 6,840 crore.
Sundaram Alternates (SA), a $850 million alternative asset manager and a part of the Sundaram Finance Group, has deployed Rs 1000 crore across multiple deals in real estate in the last 7 months. .
Shares of Cummins India Ltd. traded 2.44 per cent at Rs 2869.80 at 01:13PM (IST) on Wednesday, even as BSE benchmark Sensex 237.76 points to 76737.39.
"Similar levels would be closer to around 49,100 to 49,200, I think in that range we should see resistance going forward and probably another leg downwards could start from there and we could be headed towards 46,600 in the days to come," says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts.
The initial public offer (IPO) of Laxmi Dental has been subscribed 36.86 times so far on Wednesday, the final day of the bidding process, driven by strong demand from retail individual investors and non-institutional investors (NIIs).
Elara Capital has initiated coverage on Trent Ltd., the retail subsidiary of the Tata Group, with a {sin-quite}buy{sin-quite} rating and a target price of Rs 8,500. The brokerage highlights Trent{sin-quite}s leading position in India’s retail sector, primarily through its well-known brands Zudio and Westside, and anticipates strong growth ahead.
Elara Capital has initiated coverage on Trent Ltd., the retail subsidiary of the Tata Group, with a {sin-quite}buy{sin-quite} rating and a target price of Rs 8,500. The brokerage highlights Trent{sin-quite}s leading position in India’s retail sector, primarily through its well-known brands Zudio and Westside, and anticipates strong growth ahea
Gargi Chaudhuri, Head of iShares Investment Strategy Americas, BlackRock, says there are always risks on the horizon, but she remains constructive for now. In order to deal with any possible risks on the horizon, investors should add hedges in their portfolios, such as fixed income, such as market neutral strategies, and gold.
Shares of Lupin Ltd. 1.44 per cent to Rs 2124.05 at 01:49PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 11,639 shares with a turnover of Rs 2.47 crore till 01:49PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 36.84, while the price-to-book value ratio stood at 5.16.
ETMarkets MF Analysis indicated that more than 15 mutual fund (MF) schemes reduced their holdings in 11 stocks in December 2024 compared to November 2024. Notably, three of these stocks experienced a share price increase of 15% to 25% in fiscal year 2025 so far, while four stocks saw a decline of over 10%, and another four stocks showed no significant change during the same period. (Data Source: ACE MF). Check the list to see if you hold any of these stocks
India’s insurance market is expected to undergo significant expansion, with total premiums projected to reach approximately $222 billion by 2026, up from $131 billion in 2022, positioning the country as one of the fastest-growing insurance markets in the world. This rapid growth can be attributed to a variety of factors, including economic growth, urbanisation, technological advancements, and incr
Crypto prices are showing signs of recovery from the past two trading sessions, ahead of U.S. consumer price data due on Wednesday that could potentially shift the monetary policy outlook. Bitcoin, which had fallen to $89K, a level it hadn’t seen in 24 days, has rebounded strongly, surging to the $97,000 level.
"The large private sector banks is one such pack, while there are of course near term headwinds, credit growth has slowed down, there are pockets of asset quality stress, and margins have been under pressure, we believe that the valuations for that largecap banking space specifically the private sector banks is possibly more than capturing in these kind of headwinds," says Shibani Sircar Kurian, Kotak Mahindra AMC.
Slower-than-expected loan growth, coupled with elevated provisions is likely to keep earnings growth in check for Axis Bank in the third quarter ended December 2024.
Shares of Divi{sin-quite}s Laboratories Ltd. traded 1.75 per cent up at Rs 5892.30 at around 02:04PM (IST) on Wednesday. The stock had closed at Rs 5997.85 in the previous session. Equity benchmark Sensex traded 91.33 points at 76590.96 around the same time.
J Kumar Infraprojects Ltd. shares rose over 2% after it received a Letter of Acceptance by NBCC (India) Ltd. for a group housing project worth Rs 1,073.39 crore. The project also includes operation and maintenance for a period of two years.
A short buildup occurs when open interest and trading volumes rise, accompanied by a decrease in the stock price in the Futures and Options segment. This suggests that traders are anticipating further price declines and are establishing short positions. In Tuesday{sin-quite}s trading session, five stocks saw notable short positions. Here{sin-quite}s the list: Shutterstock.com
Shares of Angel One Ltd. fell more than 7% on Monday after the company reported a decline in its third-quarter earnings. Consolidated total gross revenues for the December quarter stood at Rs 1,263.8 crore, a 16.6% drop from Rs 1,515.6 crore in the three months before. The company’s consolidated Ebitda also saw a decline of 30.7%, falling to Rs 414 crore from Rs 597.7 crore in the previous quarter
Banking and financial space, particularly private banks have "absolute return opportunity" going ahead, while caution looms over industrial companies, according to Vetri Subramaniam, chief investment officer at UTI Asset Management Co.“Banking and financial services is where we have the maximum comfort,” Subramaniam told NDTV Profit in an interview. While acknowledging challenges in the sector, li
Both the benchmark Sensex and Nifty were trading higher at noon on Tuesday. At 12:00 p.m., the NSE Nifty 50 was up 0.44% at 23,190 level and BSE Sensex by 0.37% near 76,600. From HCLTech Ltd., Adani Ports & SEZ Ltd., and Angel One Ltd. to Mahanagar Gas Ltd., here are the stocks that moved the most.
The worry is that if DXY goes back to 121 and that is the one big risk I want to highlight, it is a high probability that it can play out. And if it plays out, that can be a longer-term top also," says Sandeep Tandon, CIO, Quant Mutual Fund.
N Jayakumar, MD, Prime Securities, says despite ongoing market challenges, financials are the best investment option for the next rally. Additionally, the dollar-rupee exchange rate will benefit the pharmaceutical sector, particularly generics and exports. The IT sector may also see gains, with some benefits reaching consumers. Moreover, India{sin-quite}s manufacturing and Production-Linked Incentive (PLI) initiatives will attract investment alongside financials.
Mumbai: ICICI Prudential Mutual Fund said it is "more negative" on small-cap and mid-cap stocks even after the declines. "We hold on to our view that small-caps and mid-caps are more risky and are overvalued compared to large- caps whereas large-caps are in neutral zone as per our framework," said S Naren, executive director & CIO, ICICI Prudential AMC.
Quadrant Future Tek Share Price Live | IPO Listing Live (14 Jan 2025): Quadrant Future Tek, which received strong demand for its IPO, debuted on the exchanges on Tuesday with a 29% premium over the issue price. The stock listed at Rs 370 on the NSE, while the BSE debut price was Rs 374.
Gold prices gained on Tuesday, amid uncertainty around the incoming Trump administration{sin-quite}s policies and fresh positioning ahead of crucial U.S. data for further cues on the Federal Reserve{sin-quite}s monetary policy.
https://economictimes.indiatimes.com/markets/stocks/news/nasdaq-closes-lower-sp-500-up-slightly-as-us-yields-stay-elevated/articleshow/117218903.cms
Capital Infra Trust InvIT, which floated an IPO and received subscription of just over 2 times, will see its units debut on the exchanges on Friday. Ahead of the listing, the company{sin-quite}s shares have no GMP in the grey market.
We are in the middle of the third quarter earnings season where about 11 companies will announce their quarterly results on Tuesday. Key earnings to watch out include from HDFC AMC and Network18.
This is the daily morning update from NDTV Profit. Here’s everything you need to know at the start of your day. Listen to this as a podcast here. The big talking point globally continues to be higher bond yields and the elevated dollar, which is putting pressure on equity markets across the board. US markets fell sharply at the start of the session before recovering ground. At one point in the s
HCL Technologies shares slipped 9.23% on Tuesday, January 14, to their intraday low of Rs 1,805.85 after the IT services company reported a 6% growth in its consolidated net profit to Rs 4,591 crore for the quarter ended December 2024.
Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers that are designed to curb the revenues of the world’s second-largest oil exporter.
further bearishness on Jan 14 Written by Ritesh Presswala, ETMarkets.com|Jan 14, 2025, 09:02:14 AM IST Bearish Signs 1/5 Bearish Signs In the Nifty200 pack, four stocks are witnessing Death Crossovers, according to stockedge.com{sin-quite}s technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. These stocks{sin-quite} 50-day SMA crossed below their 200-day SMAs on January 13. Take a look:
their 200 DMAs Written by Ritesh Presswala, ETMarkets.com|Jan 14, 2025, 09:07:50 AM IST Downside Ahead 1/9 Downside Ahead In the Nifty 200 pack, eight stocks{sin-quite} close prices crossed below their 200 DMA (Daily Moving Averages) on January 13, according to stockedge.com{sin-quite}s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock{sin-quite}s price is below its long-term trend line. The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock. Take a look:
Jio Financial Services Ltd. and Zomato Ltd. are likely candidates to be included in India{sin-quite}s benchmark Nifty 50 in the semi-annual rejig in March, according to JM Financial. Bharat Petroleum Corp. and biscuit-maker Britannia Industries Ltd. may face exclusion from the index.
On Monday, gold and silver settled on a weaker note in the domestic and international markets. Gold February futures contract settled at Rs 78,166 per 10 grams with a loss of 0.33% and silver March futures contract settled at Rs 90,513 per kilogram with a loss of 2.15%.
Leading life insurance company HDFC Life is expected to report healthy growth in its profitability during the third quarter. The profit is seen rising 21% year-on-year (YoY) to Rs 443 crore, according to estimates from Emkay. Meanwhile, Motilal Oswal expects the profit growth to be 19% YoY during the reporting period.
Amid the Larsen & Toubro Ltd. chairman{sin-quite}s controversial remarks advocating a 90-hour work week, the company{sin-quite}s head of domestic HR said that SN Subrahmanyan{sin-quite}s comments have been taken out of context.
On Monday, the rupee logged its steepest single-day fall in nearly two years and ended the session 66 paise down at its historic low of 86.70 against the U.S. dollar.
New buy rating from Morgan Stanley with a 25% upside potential might fall short of pulling Mahanagar Gas Ltd. from the {sin-quite}bearish{sin-quite} territory it landed in since falling 45% from its 52-week high.The counter rose over 4% in early trade on Tuesday after the global brokerage initiated coverage with {sin-quite}overweight{sin-quite} and a target price of Rs 1,606 per share. The target price indicates an upside of 25% from th
HDFC Securities has an add call on Avenue Supermarts with a target price of Rs 3950. The current market price of Avenue Supermarts is Rs 3581. Avenue Supermarts, incorporated in 2000, is a Large Cap company with a market cap of Rs 231804.13 crore, operating in Retail sector.
HDFC Securities has an add call on Avenue Supermarts with a target price of Rs 3950. The current market price of Avenue Supermarts is Rs 3581. Avenue Supermarts, incorporated in 2000, is a Large Cap company with a market cap of Rs 231804.13 crore, operating in Retail sector. HDFC Securities has an add call on Avenue Supermarts with a target price of Rs 3950. The current market price of Avenue Supermarts is Rs 3581. Avenue Supermarts, incorporated in 2000, is a Large Cap company with a market cap of Rs 231804.13 crore, operating in Retail sector.
Le Travenues Technology Ltd., operator of online travel agency Ixigo, has received a bullish share price target from JM Financial, which initiated coverage on the stock as the company is "meaningfully outperforming market growth". Ixigo is witnessing expansion across its key business segments — trains, flights, and buses — driven by strong tailwinds in the travel industry, particularly in lower-t
Shares of Asia{sin-quite}s oldest stock exchange, BSE Ltd, surged 4.9% on Tuesday to Rs 5,408.95 on the National Stock Exchange (NSE) after brokerage firm Jefferies upgraded its rating on the bourse to ‘hold’ from ‘underweight’ and significantly increased the target price to Rs 5,250 from Rs 3,500 earlier.
Shares of power financiers PFC and REC surged up to 4.5% in an early trade on the BSE today, January 14, after domestic brokerage firm ICICI Securities initiated coverage on the stocks, issuing "Buy" ratings for both with a target price of Rs 550 for PFC and Rs 600 for REC.
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Monday{sin-quite}s trading session, five stocks witnessed a long unwinding. Here{sin-quite}s the list
Hyundai Motor India Ltd sees a triggering of acceleration in the electrification of the passenger vehicles market in the country in 2025 and 2026, according to company COO Tarun Garg. Set to enter the mass market electric vehicle segment with the EV version of its popular SUV Creta, the company, which plans to bring four EVs in the future, is also looking at different segments, even below the mid
Stock broking platform Groww has held talks with a clutch of investment banks for a potential initial public offering, per people familiar with the matter.
Shares of Crompton Greaves Consumer Electricals Ltd. traded 2.0 per cent at Rs 352.45 at 12:39PM (IST) on Monday, even as BSE benchmark Sensex 640.47 points to 76738.44.
The pan-India festival of Makar Sankranti which celebrates the beginning of the harvest season falls on January 14. With agriculture being the mainstay of the Indian economy, harvest festivals are celebrated with vigour across the country. It also marks the end of the winter solstice and the beginning of summer.
Real estate company Godrej Properties Ltd is expecting around Rs 1,300 crore revenue from its first housing project in Hyderabad. In a regulatory filing on Monday, the company announced the launch of {sin-quite}Godrej Madison Avenue{sin-quite}, its first premium residential project in Hyderabad.
Bitcoin (BTC), the world’s largest cryptocurrency, and other crypto tokens fell on Monday after a stronger-than-expected U.S. jobs report dampened hopes for early interest rate cuts by the Federal Reserve.
month visited India, where he met with Prime Minister Narendra Modi [File] | Photo Credit: REUTERS Microsoft is carrying out job cuts in offices around the world, but employees in India will not lose their jobs in this round, reported The Hindu Businessline.
on Monday ETMarkets.com|Jan 13, 2025, 01:36:15 PM IST On A Low 1/6 On A Low Indian equity indices fell on Monday, with HDFC Bank and ICICI Bank leading the losses, after an unexpectedly strong U.S. jobs report signalled fewer rate cuts by the Federal Reserve amid persistent worries over slowing domestic earnings. Meanwhile, five large-cap stocks from the Nifty 200 index hit 52-week lows. Here’s the list:
The newly designated CEO, Anshul Asawa, is expected to ramp up DMart{sin-quite}s e-commerce playbook to steer growth as the company prepares for a new era. The rapid rise in demand for instant fulfillment, served by quick commerce players such as Zepto, Swiggy Instamart and Zomato{sin-quite}s Blinkit is eating into margins, forcing the supermarket chain to redo its strategy — shutting DMart Ready{sin-quite}s pick-up points to
Max Healthcare Institute Ltd. and Fortis Healthcare Ltd. are Jefferies{sin-quite} preferred picks in the hospital space in 2025, as it expects volume driven growth taking precedence and brownfield expansion being a better strategy than greenfield.
"This momentum is one that should continue because as I said, we are building a company for the long term and all our businesses today essentially firing on all the cylinders. Yes, there is some work to be done in a few areas but that is par for the course at this point and we are essentially seeing the outcomes that result from the efforts that all our associates have put in and that is starting to deliver results for us," says Anish Shah, Group CEO & MD, Mahindra Group.
Crude oil sensitive stocks fell sharply Monday with Indian Oil Corp. hitting its lowest level since Dec. 22, 2023. Hindustan Petroleum Corp. fell to its lowest in over a month, while Bharat Petroleum Corp. share price hit lowest since June 5. The fall came as crude oil price rose as much as 2.17% intraday to $81.49 per barrel — its four-month high — on fresh wave of US sanctions against Russia{sin-quite}s
Shares of Waaree Renewable Technologies continued their losing streak for the fourth consecutive session today, diving 20% in Monday’s intraday trade to hit their lower circuit at Rs 951 on the BSE.
PAG, one of Asia’s biggest alternative asset managers, has agreed to buy a second packaging company in India, seeking to take advantage of the country’s growing pharmaceutical exports. The buyout firm said it has bought a majority stake in Pravesha Industries Pvt, one of the largest pharma-focused packaging firms in India. It follows the acquisition for nearly $1 billion of Manjushree Technopack
PAG, one of Asia’s biggest alternative asset managers, has agreed to buy a second packaging company in India, seeking to take advantage of the country’s growing pharmaceutical exports. The buyout firm said it has bought a majority stake in Pravesha Industries Pvt, one of the largest pharma-focused packaging firms in India. It follows the acquisition for nearly $1 billion of Manjushree Technopack
Refiners, tanker operators, traders and port executives across Asia were scrambling on Monday to manage the fallout from the US’s most aggressive sanctions on Russia’s oil industry to date, and the impact on major importers China and India.
Seeking to tap the "huge growth opportunities", Air India will increase the number of premium economy and business class seats in its aircraft, realign flight timings to carry more connecting traffic and rationalise network to deploy optimum capacity.
The third quarter earnings are underway and about 14 companies will announce their quarterly results on Friday. Key results to watch out include from HCL Tech, Angel One, Delta Corp among others.
Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank, says she is looking at the rupee shifting towards 87-87.50 range against the dollar. She is generally pessimistic about the GDP figures for the full year. Bhardwaj estimates it to be 6.1% for FY25, and next year also brings many uncertainties. Kotak Bank expects the number to be below 6.5%. Considering the significant downside risks to the GDP
The shares of TCS among other companies are expected to gain attention in the upcoming week as their record dates approach for corporate actions such as dividends, right issue bonus share issuances, and stock splits.
Cognizant CEO Ravi Kumar S met Odisha Chief Minister Mohan Charan Majhi on Friday to discuss the development of the American IT firm{sin-quite}s biggest campus in India in the state, a statement said. At the meeting, Majhi said the state government would allot land in Bhubaneswar city for development of the Cognizant campus and provide all support, it said. "Both discussed on developing Cognizant campus i
Waaree Energies Ltd. entered into a share purchase agreement with Enel Green Power Development Srl on Friday to acquire the Indian business unit of one of Europe{sin-quite}s largest renewable energy companies, according to an exchange filing.
Nomura has upgraded Zydus Lifesciences Ltd. to a {sin-quite}buy{sin-quite} from its earlier {sin-quite}neutral{sin-quite} stance, raising the target price to Rs 1,140 from Rs 1,030, implying a potential upside of 16%. Robust earnings growth, favourable currency movement, and strategic partnerships in the US market are key growth drivers, the brokerage said.
NEW DELHI: GTPL Hathway, Tata Elxsi, Pritish Nandy, Indo Farm Equipment and Indian Terrain and others were among the stocks that touched their 52-week lows as of 10:19AM(IST)in Friday{sin-quite}s session.
Sandip Agarwal, Fund Manager, Sowilo Investment Managers, says this quarter is a furlough period, likely leading to weak revenue for most companies, though the tech industry is expected to perform well. Infosys, like TCS, may struggle due to its focus on manufacturing, which often faces furloughs. Tata Elxsi operates in the growing Engineering Research and Development (ER&D) sector, contributing to high stock valuations. Any slight disappointment can cause significant corrections, as seen currently.
The mania in India{sin-quite}s primary market led by the action-packed initial public offerings is likely to bring a sentiment of déjà vu to their listed peers. Like the previous year, foreign investors could flock to these maiden issues, adding to the volatility stocks already face. Foreign funds bought stocks worth $124 million, net of primary and secondary market in 2024. This included an inflow of $14.5
Shares of Indian IT outsourcing giants Infosys Ltd., HCL Technologies Ltd. and Wipro Ltd. got a boost from Donald Trump’s US election win. They will get a chance to comment on how his presidency might affect their businesses when they post earnings. Overall, investors appear to view the incoming administration favorably for the sector, as the NSE Nifty IT Index has outperformed the broader marke
IndusInd Bank shares slipped as much as 3.2% on Friday to Rs 949.20 on the BSE after brokerage firm Goldman Sachs advised a selective approach on the lender, downgrading the stock to ‘neutral’ from a ‘buy’ rating, and slashing the target price by 17% to Rs 1,090 per share.
The rupee dipped 1 paisa to 85.87 against the U.S. dollar in early trade on Friday (January 10, 2025) due to a firm American currency and massive outflow of foreign capital.
JSW Steel Ltd. has reported its highest-ever consolidated crude steel production for the third quarter of financial year 2025, reaching 7.03 million tonnes. This marks a 4% increase compared to the previous quarter and a 2% rise year-on-year.
In order to achieve 8-9% of growth rate by 2036, there is a need for equity mobilisation of Rs 643 lakh crore, State Bank of India Chairman CS Setty said. This has come as deeper and efficient debt and equity markets can be helpful in mobilising and deploying savings, he said at the SAMVAD event organised by Securities Exchange Board of India on Friday. There is a need to widen the pool of liste
IT stocks rallied on Friday, following the release of Tata Consultancy Services Ltd.{sin-quite}s financial results for the third quarter, which were announced on Thursday. The stocks were all trading positively, led by the tech giant, which was trading nearly 6% up.
Indian Railway Catering and Tourism Corp.{sin-quite}s share price rose nearly 5% as it received an {sin-quite}outperform{sin-quite} rating from Macquarie, as the brokerage initiated coverage with a target price of Rs 900 per share. This target represents a potential upside of 16.9% from the stock{sin-quite}s closing price on Thursday. The stock could see returns twice as large, as India progresses with modernising its railway infrastruc
K Krithivasan, CEO & MD, Samir Seksaria, CFO, and Milind Lakkad, CHRO, TCS, in conversation with ET Now after announcement of Q3 results on Thursday. Krithivasan further said that last year also, they said ‘24 would be better and ‘25 will be better than ‘24. Now they we feel ‘26 will be better than ‘25.
Jefferies sees 2025 as a year of reckoning, where earnings delivery will delineate winners from laggards in the Contract Development and Manufacturing Organization stocks. These stocks delivered stellar returns in 2024, despite mixed earnings. The investor confidence and expectations have grown in long-term story.
Shares of leading gaming companies, including Delta Corp. and OnMobile Global Ltd., surged in trade on Friday after the Supreme Court granted a stay on the proceedings regarding show cause notices issued by the tax department. The show cause notices, which are related to the imposition of a 28% Goods and Services Tax on online gaming companies, had been a cause of concern for the industry. "This
The scrip had closed at Rs 367.10 in the previous session. The stock quoted a 52-week low of Rs 335.30 and a high of Rs 494.85. The company quoted a market-cap of Rs 115160.04 crore on the
Shares of Tata Power Company Ltd. 1.93 per cent to Rs 360.00 in Friday{sin-quite}s trade as of 01:33PM (IST) even as the benchmark Nifty ruled at 23507.2, 19.3 points.
The Supreme Court on Friday (January 10, 2025) stayed showcause notices issued by GST authorities worth over ₹1 lakh crore to online gaming companies and casinos over alleged tax evasion.The Supreme Court on Friday (January 10, 2025) stayed showcause notices issued by GST authorities worth over ₹1 lakh crore to online gaming companies and casinos over alleged tax evasion.
The share price of Cholamandalam Investment & Finance Company Ltd. 2.27 per cent to Rs 1258.05 at 01:43PM (IST) in Friday{sin-quite}s trade. The scrip has hit a high of Rs 1290.00 and low of Rs 1239.60 so far during the session. The stock had closed at Rs 1287.35 in the previous session.
The Supreme Court on Friday (January 10, 2025) stayed showcause notices issued by GST authorities worth over ₹1 lakh crore to online gaming companies and casinos over alleged tax evasion.
ndian blue-chip indices fell on Friday as concerns about corporate earnings dampened investor sentiment, with IT stocks being the only exception after comments from sector leader TCS hinted at early signs of a demand revival. Meanwhile, six large and mid-cap stocks from the Nifty 200 index hit 52-week lows. Here’s the list:
The Indian economy is projected to expand by 6.6% in 2025, primarily supported by robust private consumption and investment, according to a United Nations report that said economic growth in South Asia is expected to remain robust this year mainly driven by the "strong performance" in India.
The Adani Group will raise ₹7,148 crore from sale of up to 20% stake in FMCG firm Adani Wilmar in the open market as part of its strategy to exit non-core activities to focus on infrastructure business.
Bitcoin dropped over 5% to $96,200 after hitting the $100,000 mark in the previous session. The decline followed upbeat U.S. economic data, which suggested a strong economy and bolstered the case for fewer rate cuts from the Federal Reserve.
A short buildup occurs when open interest and trading volumes rise, accompanied by a decrease in the stock price in the Futures and Options segment. This suggests that traders are anticipating further price declines and are establishing short positions. In Monday{sin-quite}s trading session, five stocks saw notable short positions. Here{sin-quite}s the list:
The Indian economy is estimated to grow at the slowest pace in four years as per the government{sin-quite}s first advance estimates. While the second half of the fiscal is expected to see some bounce back, economists believe that downside risks to the full year forecasts remain.
Shares of Dr. Reddy{sin-quite}s Laboratories jumped as much as 4% on Wednesday to Rs 1,404.60 on the BSE after brokerage firm Nuvama Institutional Equities upgraded its rating on the stock to {sin-quite}buy,{sin-quite} expressing confidence in the drugmaker{sin-quite}s proactive measures to offset the anticipated financial impact from the patent expiry of its blockbuster cancer drug Revlimid in 2026. Shares of Dr. Reddy{sin-quite}s Laboratories jumped as much as 4% on Wednesday to Rs 1,404.60 on the BSE after brokerage firm Nuvama Institutional Equities upgraded its rating on the stock to {sin-quite}buy,{sin-quite} expressing confidence in the drugmaker{sin-quite}s proactive measures to offset the anticipated financial impact from the patent expiry of its blockbuster cancer drug Revlimid in 2026. Shares of Dr. Reddy{sin-quite}s Laboratories jumped as much as 4% on Wednesday to Rs 1,404.60 on the BSE after brokerage firm Nuvama Institutional Equities upgraded its rating on the stock to {sin-quite}buy,{sin-quite} expressing confidence in the drugmaker{sin-quite}s proactive measures to offset the anticipated financial impact from the patent expiry of its blockbuster cancer drug Revlimid in 2026.
China{sin-quite}s lithium reserves have risen from 6% to 16.5% of the global total, making it the world{sin-quite}s second-largest holder of lithium reserves, state media reported on Wednesday (January 8, 2025).
Lupin Ltd.(down 2.6 per cent), Biocon Ltd.(down 2.56 per cent), Aurobindo Pharma Ltd.(down 1.52 per cent), Torrent Pharmaceuticals Ltd.(down 1.5 per cent) and Alkem Laboratories Ltd.(down 1.44 per cent) were the top losers on the index.
Kalyan Jewellers Ltd. continued to outperform on the back of sustained franchise store-led expansion, deleveraging of balance sheet, according to Citi Research. The brokerage retained {sin-quite}Buy{sin-quite} rating on the stock with Rs 810 target price, which implied a 12.04% upside from Tuesday{sin-quite}s closing price.
The Indian economy is estimated to grow at the slowest pace in four years as per the government{sin-quite}s first advance estimates. While the second half of the fiscal is expected to see some bounce back, economists believe that downside risks to the full year forecasts remain
After witnessing a rally in Tuesday’s session, the shares of Oil and Natural Gas Corporation (ONGC) today continued their rally, surging 2.6% to their day’s high of Rs 270.50 on the BSE after the global brokerage firm CLSA upgraded its rating to ‘High Conviction Overweight-PF’.
“Instead of pursuing cases with tenuous jurisdiction and limited relevance to the U.S. interests, the Department of Justice should focus on punishing bad actors at home, rather than chasing rumours abroad,” said Republican Congressman Lance Gooden.
“Instead of pursuing cases with tenuous jurisdiction and limited relevance to the U.S. interests, the Department of Justice should focus on punishing bad actors at home, rather than chasing rumours abroad,” said Republican Congressman Lance Gooden.
While the Nifty has ended in the green nine times in the last 10 years, energy and financial services are the only sectors that have matched the 50-stock index in terms of positive outcomes. Both sectors have also delivered superior 10-year CAGR returns of 16% and 13%, respectively, versus 11% by the Nifty.
"I want AI to do my laundry and dishes so that I can do art and writing, not for AI to do my art and writing so that I can do my laundry and dishes." This sentiment expressed by author and videogame enthusiast Joanna Maciejewska, that went viral, sums up the anxieties most people have about artificial intelligence.
Realty firm Sobha shares will remain in focus on Wednesday, January 8, after the company reported a total sales value of Rs 1,388.6 crore in Q3 FY25, reflecting a 28.9% decline year-on-year (YoY) but a 17.8% increase sequentially, supported by a new sales area of 1.01 million square feet. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/sobha-shares-in-focus-after-q3-update-sales-value-drops-29-to-rs-1389-crore/articleshow/117041222.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Chakri Lokapriya, Managing Partner, RSB LLP, says the export-facing pharmaceutical companies like Glenmark or Dr Reddy’s could have a slightly higher earnings growth because the world is recovering and they also have product launches. In IT, he would buy both large and midcap IT stocks – be it TCS or Infosys or a Cyient or KPIT. ERD companies are likely to show a stronger outlook.
Bharat Petroleum Corporation (BPCL) shares jumped 2% to a high of Rs 290.55 on the BSE today after the state-owned refiner gave in-principle approval for an IPO of Maharashtra Natural Gas Ltd (MNGL), a joint venture with GAIL and Indraprastha Gas Ltd (IGL).
Welcome to the Tata Motors Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of Tata Motors, including: Last traded price 784.4, Market capitalization: 288912.59, Volume: 6249303, Price-to-earnings ratio 8.67, Earnings per share 90.58. Get a complete picture of Tata Motors{sin-quite}s performance through our
As the Indian pharmaceutical sector enters 2025, Jefferies analysts are advising investors to focus on domestic formulations rather than US generics, highlighting a potential shift in the market dynamics. In 2024, NSE Pharma Index delivered 39% returns, outperforming the Nifty by 30%. Jefferies sees more consistent growth prospects in domestic businesses, especially in the wake of price hikes and
Analysts have recommended buying shares of Metropolis Healthcare, Mahindra & Mahindra Ltd., Godrej Consumer Products Ltd., Ajanta Pharma Ltd., and Alkem Laboratories Ltd. Rajesh Palviya, senior vice president, technical and derivatives research, at Axis Securities, Aditya Arora, founder and multi asset research analyst at Adlytick.in, and Shrikant Chouhan, head of equity research at Kotak Securit
The shares of Info Edge (India), the parent company of Naukri.com, are likely to remain in focus today after the company on Monday (January 6) reported its standalone billings of Rs 668.3 crore for the quarter ending December 31, 2024, marking a 15.8% year-on-year (YoY) increase.
Foreign Institutional Investors (FIIs) aggressively offloaded shares worth Rs 19,848 crore in December 2024 across four key sectors—oil & gas, FMCG, auto, and power. Despite this significant selling, FIIs turned net buyers overall for the month, purchasing Indian equities worth Rs 15,446 crore, marking a sharp reversal from their net selling of Rs 21,611 crore in November 2024. Despite sector-specific retreats, FIIs ramped up their investments in other segments like IT and Realty, signaling selective optimism in the Indian equity market. Here’s a detailed look:
India’s car industry has carried over nearly two months of unsold stock into the new year, underscoring the demand headwinds in the world’s third largest automotive industry.
Shares of Indo Farm Equipment Ltd. debuted on the BSE at Rs 258.40 per share, marking a premium of 20.19% over the issue price of Rs 215. The stock listed on the National Stock Exchange at Rs 256 apiece, at a premium of 19.07%. Indo Farm Equipment{sin-quite}s IPO, which closed on Jan. 2, was subscribed 229.68 times, with demand led by non-institutional investors. The Rs 260.15-crore offering consisted of a
Arvind Fashions Ltd. has got a {sin-quite}long{sin-quite} rating from Equirus Securities with the brokerage expecting company{sin-quite}s profitability to improve as it starts reaping the benefits of corrective actions undertaken in the past three years.
Shares of Info Edge (India), the parent company of Naukri.com, witnessed a notable movement on Tuesday after the company reported a solid business update for the third quarter of financial year 2025. For the quarter ending December 31, 2024, the company posted standalone billings of Rs 668.3 crore, marking a significant 15.8% year-on-year (YoY) increase from Rs 578 crore in the same period last ye
Shares of Paras Defence and Space Technologies surged as much as 10% on Tuesday to Rs 1,066.50 on the BSE after the company said it has secured a license from the Department for Promotion of Industry & Internal Trade (DPIIT) to manufacture Light Machine Guns (LMGs). The company disclosed this development in an exchange filing.
NEW DELHI: Shares of Zota Healthcare, Goldiam Intnl, Cantabil Retail, UPL (PP)and Indraprastha Med, hit their fresh 52-week highs at 10:49AM(IST)on NSE.
The shares of Biocon today rallied 4.4% to an intraday high of Rs 374.55 on the BSE after the foreign brokerage firm Jefferies upgraded the stock’s rating from "Underperform" to "Hold," raising the target price to Rs 400 from the previous Rs 280.
Sunil Subramaniam, Market Expert, says if we are hoping for a pre-budget rally, we have to factor in January 20 when Mr Trump takes charge and the immediate aftermath of his announcements. It is going to keep FIIs on the sidelines a little bit. So, Subramaniam is not hopeful about a pre-budget rally. Market players would rather wait for the Budget to come out and lay it out. They will analyse the Budget along with the earning season, and in February, we will see a specific sector-related action coming both from FIIs and from DIIs.
NEW DELHI: Shares of Bandhan Bank Ltd. traded 1.64 per cent in Tuesday{sin-quite}s trade at 11:00AM (IST). Around 146,833 shares changed hands on the counter.
Kalyan Jewellers India Ltd.{sin-quite}s share price surged nearly 5% after it released its third quarter update, which showed year-on-year consolidated revenue growth of approximately 39% in the December quarter. However, the stock slipped soon after that.
Larsen & Toubro Ltd.{sin-quite}s share price surged after the company secured significant new orders for its Power Transmission & Distribution vertical, both in India and the Middle East. The company did not disclose the exact value of the contracts, but confirmed they fall within the Rs 2,500-5,000 crore range.
The shares of Tata Consumer Products are currently trading around the Rs 960 mark and have shown signs of selling pressure at higher levels, leading to consolidation near its demand zone.
The share price of Shriram Finance Ltd. 0.15 per cent to Rs 2967.40 at 11:16AM (IST) in Tuesday{sin-quite}s trade. The stock has hit a high of Rs 3023.10 and low of Rs 2965.50 so far during the session. The stock had closed at Rs 2962.80 in the previous session.
https://economictimes.indiatimes.com/markets/expert-view/zomatos-long-term-growth-remains-promising-despite-competition-neeraj-dewan/articleshow/117013077.cms
Caplin Point Laboratories Ltd.{sin-quite}s share price rose as the US Food and Drug Administration concluded an unexpected inspection at its Tamil Nadu facility with zero 483 violations. The American drug authority conducted the inspection at Caplin Steriles’ injectable and ophthalmic manufacturing facility located at Gummidipoondi.
NEW DELHI: The Nifty IT index traded around 11:10AM(IST)on Tuesday in an upbeat market. L&T Technology Services Ltd.(up 1.82 per cent), LTIMindtree Ltd.(up 1.16 per cent), Persistent Systems Ltd.(up 1.07 per cent), MphasiS Ltd.(up 1.01 per cent) and Coforge Ltd.(up 0.71 per cent) were among the top gainers.
Share price of Bank of Baroda 1.95 per cent to Rs 232.30 at 11:11AM (IST) in Tuesday{sin-quite}s trade. The counter hit a high of Rs 233.35 and low of Rs 229.25 so far during the session. The stock had closed at Rs 227.85 in the previous session.
The SME initial public offering (IPO) of Fabtech Technologies was fully subscribed on Tuesday with overall subscriptions of 190.53 times by 10:32 AM on the final day of bidding. The company aims to raise Rs 28 crore through the SME IPO, with the shares set to list on the BSE SME platform.
Larsen & Toubro Ltd.{sin-quite}s share price surged after the company secured significant new orders for its Power Transmission & Distribution vertical, both in India and the Middle East. The company did not disclose the exact value of the contracts, but confirmed they fall within the Rs 2,500-5,000 crore range.
Ashoka Buildcon shares will remain in focus on Tuesday, January 7, after its wholly-owned subsidiary, Ashoka Bowaichandi Guskara Road Private Ltd, signed a concession agreement with the National Highways Authority of India (NHAI) for the development of a four-lane economic corridor in West Bengal.
JM Financial has a buy call on Larsen & Toubro with a target price of Rs 3825. The current market price of Larsen & Toubro is Rs 3696.25. Larsen & Toubro, incorporated in 1946, is a Large Cap company with a market cap of Rs 510033.73 crore, operating in the construction sector.
CCI will focus on strengthening enforcement, enhancing collaborations and leveraging technology to ensure fair competition in the country, its chief Ravneet Kaur has said. Competition Commission of India (CCI), which has the mandate to foster fair competition as well as curb anti-competitive practices, has been working on understanding the dynamic interplay between traditional market practices and the rapidly evolving digital economy.
CCI will focus on strengthening enforcement, enhancing collaborations and leveraging technology to ensure fair competition in the country, its chief Ravneet Kaur has said. Competition Commission of India (CCI), which has the mandate to foster fair competition as well as curb anti-competitive practices, has been working on understanding the dynamic interplay between traditional market practices and the rapidly evolving digital economy.
On Friday, gold and silver settled on a mixed note in the domestic and international markets. Gold February futures contract settled at Rs 77,317 per 10 grams with a loss of 0.51% while silver March futures contract settled at Rs 89,221 per kilogram with a gain of 0.05%.
With the US, a lot of good news is discounted and we could have some challenges and the challenges could be that inflation might make a reappearance," says Arvind Sanger, Geosphere Capital Management.
HDFC Securities has an add call on Jubilant Foodworks with a target price of Rs 690. The current market price of Jubilant Foodworks Ltd. is Rs 764.05. Jubilant Foodworks, incorporated in 1995, is a Large Cap company with a market cap of Rs 50323.09 crore, operating in Tourism & Hospitality sector.
Shares of IDBI Bank may remain in focus on Monday after the bank, in its Q3 update, reported a substantial 13% year-on-year growth in its total business reaching Rs 4,89,346 crore, up from Rs 4,33,443 crore in December 2023.
Shares of Titan Company, a key entity in the Tata Group, climbed 2.3% on Monday to Rs 3,527.20 on BSE after the company reported a 24% year-on-year growth in its standalone business during the quarter ended December, the company said in its latest quarterly update on Monday.
SBI Cards & Payment Services Ltd.{sin-quite}s share prices rose over 5% after Nuvama and Nomura upgraded the stock{sin-quite}s rating to a {sin-quite}buy{sin-quite}. The upgrade is attributed to improving credit cost outlook and benefit from potential interest rate cuts. The stock previously had a {sin-quite}reduce{sin-quite} rating. Nuvama increased its target price to Rs 850 from Rs 620 per share. This implies a potential upside of 17.5% over Friday{sin-quite}s c
The special pre-open session for ITC demerger saw the ITC shares correcting by Rs 26 per share on the NSE and Rs 27 per share on the BSE. The demerged value of ITC Hotels will continue to remain dormant on the nearly 50 indices of the NSE and BSE. This means the Nifty 50 will have 51 stocks and Sensex 30 will have 31 stocks, with ITC Hotels remaining dormant at a price of Rs 26 per share on the Ni
NEW DELHI: The Nifty Realty index traded around 11:25AM(IST)on Monday in a weak market. Mahindra Lifespace Developers Ltd.(up 1.15 per cent) were among the top gainers.
After the Indian government confirmed two cases of Human Metapneumovirus (HMPV) in Karnataka amid reports of a virus outbreak creating havoc in China, stock market investors chose to play it safe, with the Sensex falling over 1,100 points and Nifty losing around 1.4%.
Shares of Ashok Leyland Ltd. traded 1.88 per cent at Rs 229.60 at 11:31AM (IST) on Monday, even as BSE benchmark Sensex 692.62 points to 78530.49.
Sensex Today | Stock Market LIVE Updates |After the Indian government confirmed two cases of Human Metapneumovirus (HMPV) in Karnataka and reports of a virus outbreak wreaking havoc in China, stock market investors opted for caution, leading to a drop of over 1,200 points in the Sensex and a decline of approximately 1.4% in the Nifty.
Shares of state-owned ITI Ltd, operating under the Department of Telecommunications, climbed as much as 19.3% on Monday, reaching an intraday high of Rs 545.55 on the BSE.
Shares of Bharat Forge Ltd. 2.23 per cent to Rs 1267.60 at 12:12PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session.
Bajaj Finance shares surged 2.5% on Monday to a high of Rs 7,599 on the BSE after reporting a 28% year-on-year (YoY) in its assets under management (AUM) to about Rs 3,98,000 crore as of the quarter ended December 2024, compared to Rs 310,968 crore at the end of the same quarter last fiscal.
Welcome to the JSW Steel Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of JSW Steel, including: Last traded price 901.75, Market capitalization: 221533.67, Volume: 328027, Price-to-earnings ratio 44.32, Earnings per share 20.44. Our liveblog offers a complete overview of JSW Steel through a blend of fundamental and technical indicators. Stay informed about breaking news that can shape JSW Steel{sin-quite}s performance in the market. Our market analysis and expert opinions empower you to make informed investment decisions. Join us as we unravel the potential of JSW Steel in the ever-changing market landscape. The data points are updated as on 06-01-2025 11:18 IST
Shares of NTPC Green jumped 3.6% to an intraday high of Rs 133.05 after the company announced a joint venture (JV) with Uttar Pradesh Rajya Vidyut Utpadan Nigam, a wholly owned state thermal power utility.
Zepto is in advanced discussions to file draft documents by March-April for an initial public offering, as the quick-commerce firm has now secured Singapore{sin-quite}s approval to move its holding entity to India, people aware of the plan said.
Zepto is in advanced discussions to file draft documents by March-April for an initial public offering, as the quick-commerce firm has now secured Singapore{sin-quite}s approval to move its holding entity to India, people aware of the plan said.
https://economictimes.indiatimes.com/markets/stocks/news/moil-shares-in-focus-after-strong-q3-update-sales-rise-13-yoy/articleshow/116900196.cms
A blockbuster year for initial public offerings in India catapulted seven entrepreneurs into the dollar billionaires league, many of them early movers in the country’s booming renewable energy sector.
A blockbuster year for initial public offerings in India catapulted seven entrepreneurs into the dollar billionaires league, many of them early movers in the country’s booming renewable energy sector.
After unlocking value for 36 lakh shareholders of the Kolkata-based diversified conglomerate, shares of ITC Hotels will list on stock exchanges BSE and NSE on Monday but only in a dummy avatar to minimize the impact of the demerger on Sensex and Nifty levels. Investors will not be able to trade in the dummy version of ITC Hotels until the stock is officially listed in the next few weeks.
After unlocking value for 36 lakh shareholders of the Kolkata-based diversified conglomerate, shares of ITC Hotels will list on stock exchanges BSE and NSE on Monday but only in a dummy avatar to minimize the impact of the demerger on Sensex and Nifty levels. Investors will not be able to trade in the dummy version of ITC Hotels until the stock is officially listed in the next few weeks.
The share allotment for Technichem Organics IPO will be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
Welcome to the Asian Paints Stock Liveblog, your ultimate source for real-time updates and analysis of one of the most prominent stocks in the market. Stay on top of the game with our comprehensive coverage, featuring the latest details on Asian Paints stock, including: Last traded price 2341.55, Market capitalization: 224596.16, Volume: 551309, Price-to-earnings ratio 49.16, Earnings per share 47.63. Get a holistic
JPMorgan rates Adani Wilmar {sin-quite}underweight{sin-quite} after the Adani group announced it will exit the FMCG company. Morgan Stanley shares its take on the year that was, for the Indian markets. Citi reiterates 90-day catalyst watch on Indus Towers, and JSW Energy is Motilal Oswal{sin-quite}s preferred pick in the power and utilities sector. Nomura is also bullish on the aforementioned stock. NDTV Profit tracks what t
Foreseeing Varun Beverages (VBL), PepsiCo{sin-quite}s largest franchise bottler in India, set for outperformance, domestic brokerage firm Antique Broking has given a target price of Rs 710 on the stock while retaining their ‘buy’ rating on the same.
New Delhi, Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue. Also aiding the run is a dovish tilt in monetary policy and buying by central banks, but if the geopolitical crisis eases, the precious metal will turn weak on depreciating rupee.
Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says the commodity-related businesses would appear to be more promising going forward along with the finance business as the chances of rate reduction are likely to continue for next six to eight quarters. It could possibly mean that some of the banking and financial companies which have disappointed in the last one-and-a-half years, start doing more.
Shares of Bank of Baroda 0.0 per cent to Rs 240.55 in Tuesday{sin-quite}s trade as of 11:16AM (IST). The stock hit a high price of Rs 241.75 and low of Rs 239.25 during the session.
JPMorgan rates Adani Wilmar {sin-quite}underweight{sin-quite} after the Adani group announced it will exit the FMCG company. Morgan Stanley shares its take on the year that was, for the Indian markets.
https://economictimes.indiatimes.com/markets/expert-view/2025-investment-strategy-focus-on-domestic-companies-as-global-risks-loom-punita-kumar-sinha/articleshow/116819150.cms
Nuvama has hiked its target price for Jindal Steel & Power Ltd., citing that the company’s initiative to resolve bottlenecks in its pellet plant operations can accelerate production volumes. Management remains confident that these issues will be addressed by January, with both the ramp-up of existing capacity and the commissioning of new capacity expected to drive significant volume growth.
Varun Beverages set for outperformance, shares may rally 10%: Antique Broking
JPMorgan rates Adani Wilmar {sin-quite}underweight{sin-quite} after the Adani group announced it will exit the FMCG company. Morgan Stanley shares its take on the year that was, for the Indian markets. Citi reiterates 90-day catalyst watch on Indus Towers, and JSW Energy is Motilal Oswal{sin-quite}s preferred pick in the power and utilities sector. Nomura is also bullish on the aforementioned stock.
Adani Wilmar has garnered mixed recommendations from leading financial firms, reflecting differing perspectives on its valuation and operational outlook after Adani Enterprises plans to exit its 25-year-old joint venture with Wilmar International in a deal worth around $2 billion.
2025 will likely be very different from 2024 with possibly moderate returns from large-cap stocks and flat-to-negative returns for the bulk of mid-cap and small-cap stocks. In the case of {sin-quite}narrative{sin-quite} stocks in capital goods, defence, electricity sectors and PSUs, despite the recent large correction, there is likelihood of {sin-quite}large negative{sin-quite} returns.
Shares of Unimech Aerospace And Manufacturing Ltd. debuted on the BSE at Rs 1,491 per share, marking a premium of 89.94% over the issue price of Rs 785. The stock listed on the National Stock Exchange at Rs 1,460 apiece, at a premium of 85.99%.
Neelkanth Realtors Ltd. has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India. The initial public offering will entirely include a fresh issuance of 1.35 crore shares with a face value of Rs 10 each. The company disclosed that there will be no offer-for-sale by promoters and investors. Swastika Investmart Ltd. is the book running lead manager and Link Intime I
Electrical equipment manufacturer Fujiyama Power Systems Ltd. filed its preliminary papers for its initial public offering on Dec. 28. The IPO is a fresh issue of shares aggregating to Rs 700 crore, with an offer-for-sale segment of two crore shares. The expected launch date of the offer is yet to be announced.
Devina Mehra, Founder & CMD, First Global, says Indians no longer need to rely solely on gold for currency investments. The Reserve Bank of India{sin-quite}s liberalised remittance scheme (LRS) offers a great opportunity. You can invest in various places around the world. The scheme is quite generous in terms of the amount you can send. Many Indians may not consider global investing seriously, often thinking it only means buying a few well-known US stocks or a Nas ..
State-run Indian refiner Bharat Petroleum Corporation Limited (BPCL) is buying Middle Eastern crude to make up for less supply of cheaper Russian oil, its head of finance Vetsa Ramakrishna Gupta said in a recent interview. State refiners, which typically buy Russian oil in the spot market rather than under long-term contract, are unable to procure about 8 million to 10 million barrels of crude for January, 2025 loading that they have previously seen available in the market, sources said earlier this month.
A record 3.4 million young Chinese flocked to the civil service exam this year, lured by the prospect of lifetime job security and perks including subsidised housing as an economic slowdown batters the private sector and youth unemployment remains high. Applicant numbers, which surged by over 400,000 from last year and have tripled since 2014, reflect the huge demand for stability from disillusioned Gen Z Chinese and the lack of attractive options in the private sector even though local governments are struggling to pay wages due to a fiscal crisis.
The SME IPO of Citichem India has been subscribed 82 times so far on the second day of the bidding process. The issue opened for subscription on Friday and will close on December 31.
Wearing a safety belt, helmet and work boots, Raju Nishad navigates the scaffolding, hammering blocks that will form part of a building in a new neighbourhood in central Israel{sin-quite}s town of Beer Yaakov. While he and other Indians working alongside him do not look out of place on the expansive construction site, they are relative newcomers to Israel{sin-quite}s building industry.
The goal of the National Urban Cooperative Finance and Development Corporation is double the bottomline of urban cooperative banks in the next years, according to its Chairman Jyotindra Mehta. NUCFDC—an umbrella body launched for urban cooperative lenders by the Ministry of Cooperation earlier this year—aims to launch few products in the next few months which will provide compliance support, Meht
Resentment among a section of Akasa Air pilots continued allegedly over training issues with these pilots seeking a detailed Directorate General of Civil Aviation audit of the airline a day after the regulator ordered suspension of two senior airline officials for certain lapses, according to a communication. In a detailed communication to the civil aviation ministry and the DGCA on Saturday, the
For the rupee, this year has been a story in quarters - and the last hasn{sin-quite}t been particularly flattering. The pace of its retreat against the US dollar adds, at least theoretically, imports-fed inflation risks, and another layer of complexity to a decision on the cost of funds in an economy that logged its most circumspect pace of growth in seven quarters in the three months to September
Mumbai: The rupee has depreciated over 3% in this calendar year, touching an intraday record low of 85.80 per US dollar on Friday, from 83.19/$1 at the start of 2024. Treasury executives and dealers expect this volatility to continue for the next quarter, and expect the rupee to weaken to 86.50/$1 by March 2025, before stabilising as we enter the next fiscal year.
ET Intelligence Group: Indo Farm Equipment, a manufacturer of tractors and pick-and-carry cranes, plans to raise up to ₹185 crore through a fresh issue of shares and up to ₹75 crore through an offer for sale. The promoter stake will fall to over 69% after the IPO from nearly 94%.
Asian stocks were mostly lower in early trading after US equities dropped on Friday, led by losses in technology shares. The MSCI Asia Pacific Index snapped a five-day rally as shares slipped in Australia while Japan’s Nikkei 225 Stock Average also fell. Treasuries were little changed in early trading after yields climbed last week. Trading is likely to remain slim — amplifying potential moves —
Within the FMCG pack, ITC stock has shown relatively higher strength and formed a base around its previous consolidation range{sin-quite}s support zone of neckline (breakout) area. Traders can buy for a target of Rs 530 in the next 2-4 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
2024 is a year that many crypto investors will toast even decades from now. After the U.S. voted Donald Trump back into the White House, Bitcoin rose till it crossed $100,000 in price for the very first time, signalling traders’ excitement and hopes for the coming year.
Shares of Ola Electric slid 4.6% to an intraday low of Rs 85.93 on the BSE following the resignations of two senior executives: Chief Technology and Product Officer Suvonil Chatterjee and Chief Marketing Officer Anshul Khandelwal, effective Friday.
India{sin-quite}s bank guarantee relief to the telecom industry will boost 4G and 5G investments in India, according to private telecom operator Vodafone Idea Ltd. This waiver is a clear indication of the government’s continued support to the telecom industry, Vodafone Idea said in a statement on Dec. 28. "It will ensure that the exposure of the banking system is utilized by telecom operators towards furth
IL&FS Engineering and Construction Company shares jumped 5% to hit their upper circuit at Rs 41.05 in an intraday session after the company secured a project worth Rs 302.82 crore of Bhubaneswar Metro Phase-I from Ceigall India.
Stay up-to-date with the Tech Mahindra Stock Liveblog, your trusted source for real-time updates and thorough analysis of a prominent stock. Explore the latest details on Tech Mahindra, including: Last traded price 1736.7, Market capitalization: 168334.82, Volume: 1628738, Price-to-earnings ratio 51.34, Earnings per share 33.45. Get a comprehensive understanding of Tech Mahindra with our coverage of both
Shares of Mahindra & Mahindra (M&M) are likely to remain in focus in today’s session as the company announced that its subsidiary Mahindra Susten (MSPL) has further incorporated a new subsidiary Ultrogen Hybren. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/mm-shares-in-focus-on-incorporation-of-new-step-down-subsidiary/articleshow/116783302.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Vodafone Idea shares will remain in focus on Monday after Vodafone Group cleared Rs 11,650 crore of outstanding dues raised against its shareholding in Vodafone Idea. The group had pledged nearly its entire stake in the cash-strapped telco as collateral for the debt.
Gem Aromatics Ltd. has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India to raise up to Rs 175 crore through an initial public offering. The initial public offering will include a fresh issuance of equity shares worth Rs 175 crore, along with an offer-for-sale of 89.24 lakh shares by promoters and investors. US-based doTERRA Enterprises, an investor since 201
JM Financial Ltd., Axis Capital Ltd., HSBC Securities and Capital Markets Pvt., ICICI Securities Ltd., IIFL Capital Services Ltd., Kotak Mahindra Capital Co. and SBI Capital Markets Ltd. were the book-running lead managers for the issue.
The National Stock Exchange (NSE) and the BSE have released their trading holiday calendar for 2025. As per the calendar, there will be a total of 14 stock exchange holidays in 2025, apart from the weekends when the markets remain closed for trading. October and April will have the most BSE and NSE holidays in 2025, with three holidays each, because of festivals and other observances. March and
Motilal Oswal Financial Services has a neutral call on TCI Express with a target price of Rs 940. The current market price of TCI Express is Rs 828.35. TCI Express, incorporated in 2008, is a Mid Cap company with a market cap of Rs 3185.73 crore, operating in the Logistics sector.
So, they do not see any need to take these measures politically. Now, economically, there is a need because consumption has been stuck in a groove for more than two years now, not moving," says Sandip Sabharwal, asksandipsabharwal.com.
Shares of Carraro Ltd. debuted on the National Stock Exchange at Rs 651 apiece, at a discount of 7.53% over issue price of Rs 704. The stock listed on the BSE at Rs 660 per share, marking a discount of 6.25%.
Making it a tale of two halves, December month has been a forgettable one for the secondary market with the Sensex losing 1,100 points but a long Santa rally is being seen in the primary market where at least 5 IPOs have given multibagger returns in the festive month.
Hem Securities has a buy call on Amara Raja Energy & Mobility with a target price of Rs 1395. The current market price of Amara Raja Energy & Mobility Ltd. is Rs 1208. Amara Raja Energy & Mobility, incorporated in 1985, is a Mid Cap company with a market cap of Rs 22131.43 crore, operating in Auto Ancillaries sector.
Shares of Adani Enterprises, which is currently involved in incubating airports, manufacturing solar modules and WTG, green hydrogen, road construction, data centers, copper, and more, rose by up to 4% to Rs 2,502.60 on Monday after brokerage firm Ventura Securities set a target price of Rs 3,801 for the next two years. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/adani-enterprises-shares-rally-4-as-ventura-gives-rs-3801-target-price/articleshow/116785905.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Shares of Adani Enterprises, which is currently involved in incubating airports, manufacturing solar modules and WTG, green hydrogen, road construction, data centers, copper, and more, rose by up to 4% to Rs 2,502.60 on Monday after brokerage firm Ventura Securities set a target price of Rs 3,801 for the next two years.
NEW DELHI: Quite a few stocks rose in excess of 10% on BSE as domestic equity indices, BSE Sensex and NSE Nifty, traded in the on Monday amid in frontline bluechip counters.
Commuters using popular ride-hailing apps like Uber and Ola have raised concerns over fare discrepancies, as per a recent survey by LocalCircles. While some users have reported that as soon as they modify their pick-up location, the price of the ride surges by Rs 100 to Rs 200.
Vodafone Idea shares will remain in focus on Monday after Vodafone Group cleared Rs 11,650 crore of outstanding dues raised against its shareholding in Vodafone Idea. The group had pledged nearly its entire stake in the cash-strapped telco as collateral for the debt.
NTPC Ltd., Punjab National Bank Ltd., IndusInd Bank Ltd. and Adani Enterprises Ltd. are among the seven companies that are expected to see strong net passive inflows due to the rejig of the NSE indices, Nuvama Institutional Equities said.
Retail investors often aspire to identify the next multibagger stock—a company that delivers exponential returns on investment. However, achieving this requires a blend of meticulous research, strategic foresight, and patience.
Retail investors often aspire to identify the next multibagger stock—a company that delivers exponential returns on investment. However, achieving this requires a blend of meticulous research, strategic foresight, and patience.
NBCC Ltd. saw a surge in its stock price after the company announced the receipt of multiple work orders valued at approximately Rs 368.75 crore. These orders span several high-profile infrastructure projects, further bolstering the company{sin-quite}s business portfolio.
Size of the opportunity is very good. In retail, and this be true for any form of retail, you got to get your unit economics right. And if you get your unit economics right, that is to say per unit order or per unit quick commerce transaction, more than cost of capital, then the sky is the limit for you and I think Zomato has the first mover advantage, they have got the unit economics right, they have broken even, they are making contribution margin which are positive and now it is only about ex ..
The year 2024 was a strong one for equities, and election mandates globally have paved the way for a strong 2025. Money supply is expected to grow globally, with: 1) the US set to cut income tax rates, 2) China increasing its stimulus to revive the economy, and 3) the Indian BJP manifesto aiming to increase Capex and jobs. Indian equities underperformed globally in 2024 due to lower credit offtake, weaker consumption, and relatively slower earnings growth. We expect that the increase in governme ..
Gold February futures contracts at MCX opened flat on Friday at Rs 76,900 per 10 gram, which is up by 0.1% or Rs 73 while silver March futures contracts were trading higher at Rs 89,994/kg, up by 0.4% or Rs 358.
Triveni Engineering & Industries Ltd.(up 1.56%), Ugar Sugar Works Ltd.(up 1.41%), Sakthi Sugars Ltd.(up 0.78%), Bannari Amman Sugars Ltd.(up 0.76%), Rajshree Sugars & Chemicals Ltd.(up 0.68%), Rana Sugars Ltd.(up 0.59%), Dwarikesh Sugar Industries Ltd.(up 0.58%), Shree Renuka Sugars Ltd.(up 0.53%), KCP Sugar & Industries Corporation Ltd.(up 0.51%) and Avadh Sugar & Energy Ltd.(up 0.45%) were among the top gainers.
Shares of Siemens Ltd. traded 0.34 per cent up at Rs 6680.75 at around 11:06AM (IST) on Friday. The stock had closed at Rs 6703.75 in the previous session. Equity benchmark Sensex traded 430.09 points at 78902.57 around the same time.
NEW DELHI: Quite a few stocks rose in excess of 10% on BSE as domestic equity indices, BSE Sensex and NSE Nifty, traded in the on Thursday amid in frontline bluechip counters.
NEW DELHI: FMCG stocks were trading lower on Thursday at 10:54AM Prataap Snacks Ltd.(up 2.99%), Sheetal Cool Products Ltd.(up 2.84%), Umang Dairies Ltd.(up 2.12%), Honasa Consumer Ltd.(up 0.04%) and Nestle India Ltd.(up 0.04%) were among the top gainers.
The small and midcaps are also trading at valuations which are significantly ahead of largecaps because largecap stocks have not done as well. Like you said, I mean, we are up 10% on the Nifty versus say 25% on the small and mids," says Ashwini Agarwal, Founder, Demeter Advisors.
NEW DELHI: Shares of International Gemmol, One Mobikwik Systems, KFIN Technologies, Kohinoor Foods and Newgen Software, hit their fresh 52-week highs at 10:59AM(IST)on NSE.
Shares of Siemens Ltd. 0.88 per cent to Rs 6712.90 in Thursday{sin-quite}s trade. It hit a high of Rs 6718.00 and low of Rs 6648.00 during the session.
Ola Electric shares jumped up to 6% to day{sin-quite}s high of Rs 99.9 on Thursday after announcing that it has opened over 3,200 new stores co-located with service centres, making it India’s largest EV expansion at one go.
India{sin-quite}s IPO activity has been unprecedented this year raising record amounts of capital, driven by strong investor demand and impressive returns on debut and later.
The persistent rise in wheat flour or atta prices — a staple for crores of rural Indians — has led to reduced consumption, hurting growth of the fast-moving consumer goods sector, according to a Kantar report. Prices for wheat flour are currently at a 15-year high.
The rupee fell 5 paise to hit a new all-time low of 85.16 against the US dollar in early trade on Tuesday (December 24, 2024), amid strengthening American currency and sustained outflow of foreign capital. Forex traders said higher dollar demand as well as an upward momentum in crude oil prices due to volatile geopolitical situation pushed the local unit further downward even as a positive domestic equity market provided some cushion.
The strong bull market in CY24 allowed Indian firms to access capital at higher valuations, where Indian companies raised a staggering Rs 3.5 lakh crore (USD 41bn) across 438 diverse issuances. While CY24 witnessed IPOs raising Rs 1,62,800 crore, with an impressive 31% weighted average listing premium, some IPOs disappointed the investors by listing on discounts as high as 46%, according to a report by domestic brokerage firm Nuvama. Here are the top 10 IPOs of the calendar year 2024, which gave listing discounts of up to 46%:
Websol Energy System Ltd.{sin-quite}s share price extended its gains to a fourth consecutive session and hit its lifetime high after the company informed the exchanges that it has placed purchase order for equipment for its additional capacity of 600 MW Cell line at Falta Plant.
Engineering solutions company Unimech Aerospace and Manufacturing Ltd.{sin-quite}s initial public offering has been subscribed 5.08 times so far on its second day of bidding on Tuesday. The grey market premium of Unimech Aerospace{sin-quite}s IPO is Rs 510 as of 5:04 a.m., according to InvestorGain. This implies that the shares of the company will likely list at Rs 1,295 apiece, indicating a 64.97% premium to the up
The PSU banks they have also seen couple of quarters where the NPA inched up again and then last quarter was a little better for some of the PSU banks, the large ones like State Bank, or even the other banks like Union Bank, J&K Bank, they showed decent numbers last quarter. So, these should do well in the coming year because we have seen good consolidation happening in this segment of the market," says Neeraj Dewan,
Engineering solutions company Unimech Aerospace and Manufacturing Ltd.{sin-quite}s initial public offering has been subscribed 5.08 times so far on its second day of bidding on Tuesday. The grey market premium of Unimech Aerospace{sin-quite}s IPO is Rs 510 as of 5:04 a.m., according to InvestorGain. This implies that the shares of the company will likely list at Rs 1,295 apiece, indicating a 64.97% premium to the up
NEW DELHI: Shares of AdityaBirlaMoney, Asian Hotels, Sundaram Brake, KFIN Technologies and Mohit Inds, hit their fresh 52-week highs at 10:49AM(IST)on NSE.
NEW DELHI: Shares of Avenue Supermarts Ltd. traded 0.51 per cent in Tuesday{sin-quite}s trade at 10:50AM (IST). Around 8,526 shares changed hands on the counter.
Shares of Sagility India soared by 5% to hit the upper circuit of Rs 48.91 on the BSE after the global brokerage firm JPMorgan initiated coverage on the stock with an "Overweight" rating and a target price of Rs 54.
Biocon Ltd and its European partner, Zentiva, have received a decentralised procedure approval in the European Union for their complex formulation, Liraglutide used in the treatment of diabetes and weight management. The approval is for the generic versions of Victoza to treat Type-2 Diabetes and Saxenda used in the treatment of weight management, Biocon Ltd said in a regulatory filing.
Shares of Punjab National Bank traded at Rs 101.80 on BSE at 10:55AM (IST) on Tuesday, 0.39 per cent from previous close.
Antique Stock Broking Ltd. has raised its target price on ITC Ltd. to Rs 563, maintaining a {sin-quite}buy{sin-quite} rating, citing the company{sin-quite}s resilience in a challenging consumer environment. The brokerage highlighted ITC’s strategy of offering cigarettes at various price points, which has helped it counter aggressive competition, and its premium FMCG portfolio across food and personal care, which is expected to
Triveni Engineering & Industries Ltd.(up 6.15%), Dalmia Bharat Sugar and Industries Ltd.(up 2.91%), Rajshree Sugars & Chemicals Ltd.(up 2.47%), Simbhaoli Sugars Ltd.(up 1.96%), KM Sugar Mills Ltd.(up 1.73%), Kothari Sugars & Chemicals Ltd.(up 1.34%), DCM Shriram Industries Ltd.(up 1.29%), KCP Sugar & Industries Corporation Ltd.(up 1.21%), Ponni Sugars(Erode)Ltd.(up 1.10%) and Magadh Sugar & Energy Ltd.(up 1.08%) were among the top gainer
The share price of MphasiS Ltd. 0.06 per cent to Rs 2974.70 at 11:00AM (IST) in Tuesday{sin-quite}s trade. The counter has hit a high of Rs 3008.65 and low of Rs 2956.05 so far during the session. The stock had closed at Rs 2976.65 in the previous session.
Elon Musk’s AI startup xAI is working on an iOS app to allow more iPhone users to access the product, according to an app store listing, while the company has announced its Series C funding round of $6 billion. “Introducing Grok Beta for iOS: get access to xAI’s latest model, Grok 2, for free. Grok is an AI-powered assistant designed to be maximally truthful, useful, and curious. Get answers to any question, generate striking images, and upload pictures to gain a deeper understanding of your world. With Grok, the universe is in your hands!” said the Apple app store listing for the Grok app.
The rally witnessed in the recently listed Sagility India Ltd. has more legs before the stock will see a temporary setback in February when the second lock-in date for anchor investors will end. Top brokerages foresee double-digit revenue growth with "structural tailwinds" and "deep domain expertise", which will eventually help trigger the price of the stock.
In the Nifty500, we have collated a list of four stocks that witnessed a 5-year swing high at the close on December 20, suggesting bullishness in counters, according to stockedge.com{sin-quite}s technical scan data. A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.However, it{sin-quite}s worth noting that this is different from a 5-year breakout, which occurs when a stock{sin-quite}s price surpasses a key resistance level that has held for five years or longer.
What do the new Telecommunications (Procedures and Safeguards for Lawful Interception of Messages) Rules, 2024 state? Will it override Rule 419A of the Indian Telegraph Rules, 1951?
Shares of Piramal Enterprises surged nearly 3% to their day’s high of Rs 1,123.65 on the BSE after the company’s Board of Directors on Friday approved the company{sin-quite}s plans to raise up to Rs 2,000 crore via issuance of Non-Convertible Debentures (NCDs).
Shares of India Cements skyrocketed 11% to an intraday high of Rs 376.30 on the BSE after the Competition Commission of India (CCI) approved UltraTech Cement’s primary acquisition and the open offer for acquiring a 32.72% equity stake in the former. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/ultratech-cement-shares-in-focus-as-cci-approves-equity-stake-acquisition-in-the-indian-cements/articleshow/116583279.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Motilal Oswal Financial Services has a buy call on MTAR Technologies with a target price of Rs 2100. The current market price of MTAR Technologies is Rs 1627.75. MTAR Technologies, incorporated in 1999, is a Small Cap company with a market cap of Rs 5005.66 crore, operating in the Engineering sector.
Investors should stay away from the overvalued sectors and the sectors where the long-term growth visibility is missing,” says Ashwini K. Shami, EVP & Portfolio Adviser, Omniscience Investment Adviser.
On December 20, 5 stocks from the Nifty500 pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 50 from below. "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.
Aurobindo Pharma shares jumped 2% to an intraday high of Rs 1,265 on the BSE after its wholly owned step-down subsidiary CuraTeQ Biologics received approval from the UK{sin-quite}s Medicines and Healthcare products Regulatory Agency (MHRA) for Bevgolva, a biosimilar version of bevacizumab, which is used to treat multiple cancers, including metastatic colorectal cancer.
Aurobindo Pharma shares jumped 2% to an intraday high of Rs 1,265 on the BSE after its wholly owned step-down subsidiary CuraTeQ Biologics received approval from the UK{sin-quite}s Medicines and Healthcare products Regulatory Agency (MHRA) for Bevgolva, a biosimilar version of bevacizumab, which is used to treat multiple cancers, including metastatic colorectal cancer.
"One thought that between IRDAI and the Ministry of Finance there was enough that was provided to the Ministry of Finance and therefore it could have been given to the group of ministers," says Ashvin Parekh, Ashvin Parekh Advisory.
Japan{sin-quite}s competition watchdog is expected to find Google guilty of violating the country{sin-quite}s antitrust law, Nikkei Asia reported on Sunday, citing sources. The Japan Fair Trade Commission(JFTC) will soon issue a cease and desist order asking Google to halt its monopolistic practices, the report added.
Shares of Ksolves India are likely to remain in focus on Monday as the company announced on Friday that its board approved a stock split of the company’s shares in the ratio of 1:2.
Union Minister for Heavy Industries and Steel, H D Kumaraswamy, announced on Sunday plans to revive the Sir M Visvesvaraya Iron and Steel Factory in Bhadravati with an estimated investment of Rs 15,000 crore. Speaking at the 87th All India Kannada Literary Conference in Mandya, the Minister stated that this decision aligns with the Modi government{sin-quite}s efforts to address unemployment and focus on in
It{sin-quite}s been a forgetful week for Indian investors as equity markets fell dramatically, erasing the gains of the last four weeks. The benchmark Sensex witnessed a sharp decline, marking a loss of nearly 5% for the week.
Ace fund manager Nilesh Shah is eyeing precision engineering companies that make components for robots as the next sunrise sector in India to tap value.
With December so far delivering Scrooge-like returns in an otherwise stellar year for U.S. stocks, investors hope the tail end of 2024 offers some holiday cheer, but warn of potential headwinds.
Sign up here to receive Talking Point This Week by Niraj Shah, along with daily and weekly newsletters from NDTV Profit on most important market cues, our best reads, research reports and more.The weak was marked by weakness across equity markets. If the Dow created recent records by correcting for 10 straight days (unheard of since 1978), the Sensex was down around 4.5% this week. Not exactly a S
Tata Starbucks on Friday said it is fully committed to the India market, which continues to be a key growth area for Starbucks globally. Tata Consumer Products Ltd. had on Thursday termed reports suggesting that the cafe chain Starbucks is planning to exit the Indian market as {sin-quite}baseless{sin-quite}. "Starbucks is fully committed to the Indian market. Any statements suggesting otherwise are false. Tata Star
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While Nifty ended with a weak-on-weak decline of 4.9% on Friday, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 5,683 crore on screen, which included both buying and selling action.
The global perspective on Bitcoin and crypto has undergone a significant change. This shift, often described through the lens of the Overton Window, marks the movement of crypto from the fringes of financial systems to a central position in economic discourse.
Shark Tank India is set to make a comeback with its fourth season. This time, the popular business reality show will return as an OTT exclusive and will be available only on SonyLiv. New episodes will stream Monday to Friday at 8 p.m., starting Jan. 6. Shark Tank India Season 4 promises exciting pitches as businesses from across India try to seal a deal. The show will feature several new faces on
The BSE Sensex is scheduled to undergo its periodic rebalancing on Monday, December 23, with food delivery platform Zomato expected to replace steel giant JSW Steel in the 30-share benchmark index. The reshuffle is expected to drive $513 million in inflows into Zomato, while JSW Steel could see outflows of $252 million, according to estimates by brokerage firm Nuvama.
In the past week, the crypto market saw some big moves in both directions keeping the crypto community on its toes. Bitcoin hit a new all-time high of $108,250 and other major coins such as Ethereum, XRP and BNB have traded near all-time highs fueled by the anticipation of a 25 basis points rate cut by the Fed. Since the time BTC hit an all-time high, the market dynamics have changed quite a bit, taking the crypto market cap down to $3.2 trillion. Despite the dip, key developments in the establi ..
Brooklyn US Attorney Breon Peace said he will step down Jan. 10, ending a stint as federal prosecutor that included high-profile cases such as singer R Kelly’s trial for sex-trafficking, a fraud indictment of Indian billionaire Gautam Adani and the criminal conviction of a US Congressman.
NEW DELHI: Digjam, Odigma Consultancy, Sanghi Ind, Vishal Mega Mart and Aki India and others were among the stocks that touched their 52-week lows as of 11:06AM(IST)in Friday{sin-quite}s session.
For the first time Chair Powell kind of tipped his hat to that saying we just do not know what is going to go on. So, in this environment with not much in the way of rate cuts, I thought there will only be two actually in the new dot plot. I thought they would be a bit more hawkish. I am surprised the market was so surprised but there you go," says Geoff Dennis, Independent Emerging Markets Commentator.
Bitcoin traded lower for the fourth consecutive day on Thursday, weighed down by Federal Reserve Chair Jerome Powell{sin-quite}s hawkish tone and comments on the potential of a Bitcoin reserve
Bitcoin traded lower for the fourth consecutive day on Thursday, weighed down by Federal Reserve Chair Jerome Powell{sin-quite}s hawkish tone and comments on the potential of a Bitcoin reserve.
NEW DELHI: Vodafone Idea(number of shares traded: 14.21 crore), JP Power(number of shares traded: 5.79 crore), GTL Infra(number of shares traded: 3.28 crore), Vakrangee (number of shares traded: 3.03 crore), YES Bank(number of shares traded: 2.56 crore), Zomato(number of shares traded: 1.75 crore), RBL Bank(number of shares traded: 1.62 crore), Suzlon Energy(number of shares traded: 1.56 crore), PC Jeweller(number of shares traded: 1.44 crore) and GI Engineering(number of shares traded: 1.26 cro ..
The Supreme Court on Friday restored Assets Care & Reconstruction Enterprise Ltd., Shubh Holdings Pte. Ltd., China Development Bank, and Export Import Bank of China as financial creditors of the insolvent Reliance Infratel Ltd. 0
Shares of RBL Bank Ltd. dropped more than 5% in Friday{sin-quite}s trading session after Morgan Stanley Research downgraded its price target for the lender. On Thursday, the brokerage reduced RBL Bank{sin-quite}s target price to Rs 160 from Rs 180, signaling a potential downside of 3.54%. The revised target reflects concerns over higher credit costs and shrinking margins.
Maruti Suzuki India Ltd. share price erased losses ahead of the company revealing its first electric vehicle at Bharat Mobility Expo 2025. It will tease the eBorn, an electric version of the Vitara model at the show at Expo Centre, Greater Noida.
Maruti Suzuki India Ltd. share price erased losses ahead of the company revealing its first electric vehicle at Bharat Mobility Expo 2025. It will tease the eBorn, an electric version of the Vitara model at the show at Expo Centre, Greater Noida.
Sanathan Textiles Ltd.’s initial public offering opened for day two of subscription on Friday. It has been subscribed 0.71 times, or 71%, as of 11:09 a.m. It was subscribed 0.45 times, or 45% on its first day. The grey market premium of Sanathan Textiles was Rs 70 as of 5:04 a.m. on Friday, according to Chittorgarh{sin-quite}s unit, InvestorGain. It was Rs 40 earlier on Wednesday. The estimated listing pr
The markets delivered strong performance in calendar year 2024, but Mirae Asset Sharekhan anticipates a consolidation phase in 2025 due to an economic slowdown. While markets performed well despite a year marked by significant events such as elections in India and the US, rising geopolitical tensions, and the beginning of the interest rate reversal cycle, the rally lost momentum in the fourth qua
Crompton Greaves Consumer Electricals Ltd. expects to double its revenues in the next five years on the back of booming business from e-commerce, quick commerce, and B2C segments, according to the company’s Chief Financial Officer Kaleeswaran Arunachalam.
India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range. Shares of Marico Ltd. rose 0.52 per cent to Rs 638.25 in Thursday{sin-quite}s trade. It hit an intraday high of Rs 640.00 and low of ..
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Thursday{sin-quite}s trading session, five stocks witnessed a long unwinding. Here{sin-quite}s the list:
The Nomura India Investment Fund Mother Fund has picked up a stake in the recently listed Vishal Mega Mart through a bulk deal on Wednesday, buying a stake worth Rs 324.96 crore.
shares of the state-owned State Bank of India (SBI) fell by 2.2% on Thursday to an intraday low of Rs 820.10 on the BSE as the company announced the appointment of Rama Mohan Rao Amara as the Managing Director (MD) of the bank.
In the Nifty500 pack, we have collated a list of five stocks that witnessed a 5-year swing high at the close on December 18, suggesting bullishness in counters, according to stockedge.com{sin-quite}s technical scan data.
Sunil Subramaniam, Market Expert, says in 2025, Trumponomics will play a significant role in shaping the economic landscape. This presents a substantial opportunity for Indians in the PLI sectors to collaborate with China. Given that China is expected to face higher tariffs than India — 60% compared to 10% for India — Subramaniam anticipates that as political relations improve, there could be partnerships forming between China and India. This would allow products to be manufactu ..
Glenmark Pharmaceuticals shares will remain in focus on Thursday after the company acquired a 34% stake in O2 Renewable Energy XXIV Private Limited as part of its commitment to renewable energy initiatives.
https://economictimes.indiatimes.com/markets/stocks/news/lloyds-metals-shares-in-focus-on-acquiring-80-equity-stake-in-thriveni-earthmovers/articleshow/116456534.cms
GIFT City AIF is an efficient way for international investors to access the Indian markets. It takes away the need to open an account in India as investors can invest directly in US dollars in a GIFT fund, that in turn invests into the Indian markets,” says Atul Singh – MD and CEO, LGT Wealth India. Read more at: https://economictimes.indiatimes.com/markets/expert-view/nri-talk-gift-city-aifs-a-game-changer-for-nris-investing-in-indian-markets-says-rajesh-cheruvu/articleshow/116428861.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
HDFC Securities has an add call on Mastek with a target price of Rs 4000. The current market price of Mastek is Rs 3230.4. Mastek, incorporated in 1982, is a Small Cap company with a market cap of Rs 9971.70 crore, operating in IT Software sector.
Shares of PC Jeweller may remain in focus on Friday as the company had announced a 1:10 stock split earlier in September, fixing December 16 as the record date for determining shareholder eligibility.
After getting a steady response on the first day, the IPO of Vishal Mega Mart sailed through on the second day of the bidding process, thanks to strong interest from non-institutional investors. The overall subscription for the IPO, which closes today, stood at 1.53 times.
One of the things that we need for NBFCs to do is, today if you see the upper layer NBFCs are regulated a lot more than what they were previously and almost similar to banks," says Ajay Piramal, Chairman, Piramal Group.
Shares of Zomato tumbled by nearly 2.6% to their day’s low of Rs 277.90 on the BSE following a Rs 803 crore GST demand notice the company received on Thursday. The food delivery company said that it will be filing an appeal against the order.
Relationship with US very critical for India to grow into a fully developed economy by 2047: Amitabh Kant
In the NSE list of stocks with a market cap of over Rs 10,000 crore, we have collated a list of five stocks that witnessed a 5-year swing high at the close on December 12, suggesting bullishness in counters, according to stockedge.com{sin-quite}s technical scan data
In the NSE list of stocks with a market cap of over Rs 10,000 crore, we have collated a list of five stocks that witnessed a 5-year swing high at the close on December 12, suggesting bullishness in counters, according to stockedge.com{sin-quite}s technical scan data
Hindustan Aeronautics Ltd (HAL) shares jumped 2.3% to their intraday high of Rs 4,770 on the BSE after the Ministry of Defence (MoD) announced a Rs 13,500-crore contract with the company to procure 12 Su-30MKI fighter aircraft. The deal, signed on Thursday, December 12, aims to bolster India{sin-quite}s defence capabilities while promoting the ‘Aatmanirbhar Bharat’ initiative.
Hindustan Aeronautics Ltd., infrastructure, pharmaceuticals and cement stocks will be in focus, as brokerages have altered their views on stocks in the sector. UBS retained a {sin-quite}buy{sin-quite} rating on HAL with a target price of Rs 5,700 apiece, implying a potential upside of 22% from the previous close. Jefferies sees the cement industry attempting price hikes in the next two months.
Shares of JK Tyre Industries fell by 2.8% to their day’s low of Rs 419.60 on the BSE in today’s trading session after the company announced that Deutsche Investitions- und Entwicklungsgesellschaft (DEG) will provide the company with a long-term loan of EUR 30 million.
Rail Vikas Nigam Ltd (RVNL) shares fell 2.12% to Rs 461.45 on the BSE on Friday, despite the company receiving a Letter of Acceptance from Southern Railway for a Rs 110.86 crore project in the Chennai Division.
The performance of SME IPO debutants in 2024 has been a mixed bag with over 50% of the company shares trading below their listing day{sin-quite}s close, reflecting challenges related to aggressive pricing and the lack of strong fundamentals for some issuers.
Ashok Leyland shares will remain in focus on Friday after the company announced it has won an order from the Tamil Nadu State Transport Corporation (TNSTC) to supply 1,475 BSVI diesel passenger bus chassis. The total value of the contract is approximately Rs 345.58 crore.
Shriram Finance Ltd., Sammaan Capital Ltd., PC Jeweller Ltd., Vedanta Ltd. and Embassy Office Parks REIT will be the stocks to watch before going into trade on Thursday. Shriram Finance finalised the sale of its housing finance subsidiary to a Warburg Pincus affiliate for Rs 3,929 crore. Sammaan Capital{sin-quite}s board members authorised the fundraising of Rs 2,500 crore via the issue of equity shares, t
Gold nudged higher for a fifth straight session on Thursday to hover near a more than two-week peak, supported by increased expectations of an interest rate cut from the Federal Reserve next week after U.S. inflation data came in line with forecast. Read more at: https://economictimes.indiatimes.com/markets/commodities/news/gold-rises-for-fifth-day-as-us-data-lifts-fed-rate-cut-bets/articleshow/116232362.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
This is the daily morning update from NDTV Profit. This is where we get you up to speed with everything you need to know, to start your day on the right note. Listen to this as a podcast here. Wall Street cheered the latest retail inflation print in the US. The consumer price-based inflation data was along expected lines, rising 2.7% annually and 0.3% sequentially in November. That’s the fastes
The shares of Emerald Tyre Manufacturers made a strong debut on the NSE SME platform on Thursday, opening with a 90% premium at Rs 180.50, compared to its issue price.
Dhananjay Sinha, Co-Head of Equites & Head of Research, Systematix Group, says the fiscal landscape is expected to be challenging, creating a trade-off between addressing individual livelihood concerns and managing government capital expenditures. This may lead to reduced spending on infrastructure. Therefore, Sinha advises caution in investing in these sectors over the next two to three years, favoring consumption and rural-focused themes instead of infrast ..
Muthoot Finance stock has also broken out above the neckline of an Inverted Head & Shoulders pattern, signaling a bullish reversal on a smaller time frame. Traders can buy for a target of Rs 2165-2355 in short to medium term,” Kkunal V. Parar, Vice-President of Technical Research and Algo, Choice Broking, said.
Muthoot Finance stock has also broken out above the neckline of an Inverted Head & Shoulders pattern, signaling a bullish reversal on a smaller time frame. Traders can buy for a target of Rs 2165-2355 in short to medium term,” Kkunal V. Parar, Vice-Pr
Rebel Foods, a startup that specializes in online-only restaurants, unveiled a $210 million funding round, ahead of an initial public offering the company is seeking to pull off by 2026.
Welcome to the Tata Motors Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of Tata Motors, including: Last traded price 788.25, Market capitalization: 290127.29, Volume: 4534577, Price-to-earnings ratio 8.7, Earnings per share 90.58. Get a complete picture of Tata Motors{sin-quite}s performance through our
Grasim Industries shares will remain in focus on Thursday after the company approved the issuance of non-convertible debentures worth up to Rs 2,000 crore in one or more tranches, according to an exchange filing.
ITI share price fell over 7% after hitting its lifetime high of Rs 404 on Tuesday. Today{sin-quite}s fall came after the stock gained 37% in its three-day rally. The exchange had sought clarification from the company on Tuesday with reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest o
Indian cement sector can see a price rise of 4% in the second half of financial year 2025, according to CLSA and this will spell good news for the companies which have been hit by low prices pan-India for the past several quarters. However, according to the brokerage, sustainability of these price hikes remains a key monitorable.
Shares of Indian Railway Catering & Tourism Corporation Ltd. 1.49 per cent to Rs 847.35 in Wednesday{sin-quite}s trade as of 11:51AM (IST) even as the benchmark Nifty ruled at 24677.35, 67.3 points.
Shares of Shriram Finance Ltd. 1.41 per cent to Rs 3231.85 in Wednesday{sin-quite}s trade. It hit a high of Rs 3233.35 and low of Rs 3179.20 during the session. Read more at: https://economictimes.indiatimes.com/markets/stocks/stock-watch/shriram-finance-shares-1-41-as-nifty/articleshow/116201329.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Shares of Anil Agarwal owned-Vedanta Ltd. hit a new life high after breaking a key resistance level on Wednesday as sentiments remain upbeat post multiple investment commitments made by the conglomerate. The group is set to invest Rs 1 lakh crore in Rajasthan over the next two to three years to enhance the production capacity of its companies. Chairman Anil Agarwal said that the group firm Hindus
Shares of Marico Ltd. 2.18 per cent to Rs 627.40 at 10:04AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session. Shares of Marico Ltd. 2.18 per cent to Rs 627.40 at 10:04AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 34,521 shares with a turnover of Rs 2.15 crore till 10:04AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 51.16, while the price-to-book value ratio stood at 16.73.
ose only. File | Photo Credit: V.V. Krishnan The rupee fell 2 paise to all-time low of 84.87 against the U.S. dollar in early trade on Wednesday (December 11, 2024), amid rising expectations of a shift in the Reserve Bank’s monetary policy stance post the appointment of Sanjay Malhotra as the new RBI Governor. Forex traders said markets now expect a rate cut in the upcoming monetary policy in February. While a muted tone in the domestic market and the overall strength of the U.S. dollar index further pressurised the rupee.
Tesla has resumed its search for showroom space in the national capital. File | Photo Credit: Reuters Elon Musk{sin-quite}s Tesla has resumed its search for showroom space in the national capital, two sources told Reuters, in the first sign it is rethinking entering the Indian market after putting its investment plans on hold earlier this year.
Tesla is evaluating multiple locations including DLF{sin-quite}s Avenue Mall in southern Delhi and the Cyber Hub office and retail complex in nearby Gurugram city
Shares of Raymond Ltd. continued their rally on Wednesday, climbing more than 6% to hit a three-month high, marking the second consecutive day of gains. The stock has gained significant momentum over the past two days.
China stocks surged and commodities and the Australian dollar found support on Tuesday on Beijing{sin-quite}s new promises of rate cuts and a boost to consumption, while global stocks were wobbly ahead of a crucial U.S. inflation reading. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/asian-stocks-rise-on-optimism-over-china-stimulus/articleshow/116153920.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
https://economictimes.indiatimes.com/markets/stocks/news/achyut-healthcare-among-4-stocks-to-track-today-for-stock-split-rights-bonus-and-dividend/articleshow/116154358.cms
This is the daily morning update from NDTV Profit. Over the next few minutes, we’ll bring you up to speed with everything you need to know to start your day ahead of the cur
Vedanta Ltd. has received two orders from the office of GST & Central Excise, imposing a penalty of Rs 1.71 crore along with tax demand and applicable interest, as per a disclosure to the exchanges on Monday.
Swiggy Ltd. has a new taker. The quick commerce player has received an {sin-quite}outperform{sin-quite} rating from CLSA with a target price of Rs 708 apiece, which implied 32% upside potential. The brokerage believes Swiggy significant growth opportunity in both the food delivery and quick commerce space because of the large total addressable market.
Have the Merchant Shipping Act, 1958, and the Coasting Vessels Act, 1838 failed in addressing the contemporary needs of the merchant marine sector? What are some of the international maritime conventions that India has ratified? Will the new Bills address maritime training and education as well?
The NSE Nifty 50 may have been flat since the beginning of the August derivative contract but index heavyweights, which have seen significant price correction, saw their futures open interest position near double since July-end.
Waaree Energies shares jumped as much as 5.6% on Tuesday to Rs 3,139 on BSE after the company received an order for supply of solar modules up to 1 GW from a renowned customer engaged in the business of owning developing and operating renewable power projects in India.
Stay informed with the Grasim Inds Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on Grasim Inds, including: Last traded price 2668.7, Market capitalization: 182482.71, Volume: 18562, Price-to-earnings ratio 40.71, Earnings per share 65.86. Our liveblog combines fundamental and technical insights to provide a holistic view of Grasim Inds{sin-quite}s performance. Stay ahead of the market with breaking news that can influence Grasim Inds{sin-quite}s trajectory. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Trust the Grasim Inds Stock Liveblog for up-to-date information and expert insights. The data points are updated as on 10-12-2024 09:18 IST Show more
Radhika Rao, Executive Director and Senior Economist, DBS Bank, who expects a modest recovery in consumption in the second half of the fiscal year, says government spending is likely to show a pickup, with high-frequency indicators experiencing a lift from seasonal demand ahead of festivities.
Continuum Green Energy Ltd. has filed draft papers for an initial public offering of a total size of Rs 3,650 crore for repayment or prepayment of certain outstanding borrowings of its subsidiaries. The issue will include a fresh issue of Rs 1,250 crore and an offer for sale of Rs 2,400 crore by Continuum Green Energy Holdings Ltd., according to its draft red herring prospectus. As of Dec. 9, the
The Canadian dollar and Australian dollar were in focus on Monday ahead of their central bank meetings this week, while the euro and other major currencies held steady as traders reviewed the U.S. dollar{sin-quite}s prospects.
Emkay Global Financial Services has initiated coverage on GHCL Ltd. with a {sin-quite}buy{sin-quite} recommendation and a target price of Rs 900 by Dec. 2025, implying an upside of nearly 35% from its current market price of Rs 667.2, as of Dec. 6, 2024.
Sampath Reddy, Founder, Azurean Investment Managers, says from a cyclical point of view, metals are going through a down cycle and maybe for a few investors who have the risk appetite with a view of playing this up cycle again, the entry point is right in the metal sector as such. Also, he overall likes the auto sector. The current slowdown being seen in the last couple of months in terms of demand is temporary. They would like to be overweight on auto and a lit ..
https://economictimes.indiatimes.com/markets/stocks/stock-liveblog/tech-mahindra-stock-price-today-live-09-dec-2024/liveblog/116121582.cms
Indian market is likely to consolidate on Monday tracking mixed global cues. The Nifty future closed positive with gains of 0.04% at 24775 levels on Friday. India VIX closed at 14.14 in the previous trading session. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/stocks-to-buy-today-zomato-tata-motors-among-top-9-trading-ideas-for-9-december-2024/articleshow/116122925.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Most stocks of Adani group companies rose in early trade on Monday after Nomura said they are the most attractive among India Inc. The market–cap of Adani companies rose Rs 1,662. 6 crore to Rs 13.59 lakh crore as of 09:23 a.m
Shares of Crompton Greaves Consumer Electricals Ltd. traded at Rs 412.15 on BSE at 10:04AM (IST) on Monday, 1.35 per cent from previous close.
The rupee fell 7 paise to trade at 84.73 against the U.S. dollar in early trade on Monday (December 9, 2024) dragged down by foreign fund outflows and a muted trend in domestic equities. Forex traders said the rupee remains in a weakening mode due to dollar demand from importers and foreign banks.
(Bloomberg) -- Omnicom Group Inc. is in advanced talks to buy Interpublic Group in a deal that would would create the world’s largest advertising firm, the Wall Street Journal reported, citing people with knowledge of the matter.
Paytm parent firm One 97 Communications Ltd., Ceat Ltd. and Godrej Consumer Products Ltd. will be the stocks in focus before going into trade on Monday. Paytm is poised to sell its 5.4% stake in Japan{sin-quite}s digital payments firm PayPay Corp. to investor SoftBank for $250 million or around Rs 2,000 crore. Ceat has entered into an agreement with the Michelin Group for Camso{sin-quite}s off-highway construction
Emkay Global Financial Services has initiated coverage on GHCL Ltd. with a {sin-quite}buy{sin-quite} recommendation and a target price of Rs 900 by Dec. 2025, implying an upside of nearly 35% from its current market price of Rs 667.2, as of Dec.
Emkay Global Financial Services has initiated coverage on GHCL Ltd. with a {sin-quite}buy{sin-quite} recommendation and a target price of Rs 900 by Dec. 2025, implying an upside of nearly 35% from its current market price of Rs 667.2, as of Dec.
Mark Mobius, Chairman, Mobius Emerging Opportunities Fund, As Trump takes office in January, the Justice Department{sin-quite}s efforts to prosecute international companies are expected to decline significantly. They will likely reduce this type of work. Additionally, it{sin-quite}s crucial to examine the evidence at hand. Much of it may be hearsay, so we need to focus on concrete evidence. Therefore, I wouldn{sin-quite}t rush to judge Adani; I would prefer to review the evidence first. Moreover, the US Justice Department sh ..
In the Nifty200 pack, five stocks{sin-quite} close prices crossed above their 200 DMA (Daily Moving Averages) on December 6, according to stockedge.com{sin-quite}s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look
Emkay Global Financial Services has initiated coverage on GHCL Ltd. with a {sin-quite}buy{sin-quite} recommendation and a target price of Rs 900 by Dec. 2025, implying an upside of nearly 35% from its current market price of Rs 667.2, as of Dec. 6, 2024.
Welcome to the Tech Mahindra Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of Tech Mahindra, including: Last traded price 1776.9, Market capitalization: 173622.8, Volume: 505762, Price-to-earnings ratio 53.05, Earnings per share 33.45. Our liveblog offers a complete overview of Tech Mahindra through a blend of
Welcome to the Tech Mahindra Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of Tech Mahindra, including: Last traded price 1776.9, Market capitalization: 173622.8, Volume: 505762, Price-to-earnings ratio 53.05, Earnings per share 33.45. Our liveblog offers a complete overview of Tech Mahindra through a blend of
Shares of EaseMyTrip-operator Easy Trip Planners rallied over 3% to Rs 17.33 on Monday as the company signed a share purchase agreement to acquire a 49% stake in Dubai-based Pflege Home Health Care Center for Rs 30 crore. Read more at:
Godrej Consumer Products Ltd., Lloyds Metals & Energy Ltd., Reliance Industries Ltd. and Samvardhana Motherson are the top stocks on brokerages{sin-quite} radar. Impacted by an increase in soap prices and unseasonal rainfall slowing down sales of the home insecticides segment, Godrej Consumer expects a “flattish” underlying volume growth. Motilal Oswal sees 20% upside for Reliance Industries. NDTV Profit tr
Shares of Poonawalla Fincorp fell over 3% to Rs 342 in the morning on Monday after the company’s Chief Technology Officer, Dhiraj Saxena, resigned citing harassment by the company’s Chief Human Resources Officer (CHRO).
Shares of EaseMyTrip-operator Easy Trip Planners rallied over 3% to Rs 17.33 on Monday as the company signed a share purchase agreement to acquire a 49% stake in Dubai-based Pflege Home Health Care Center for Rs 30 crore.
Adani Group of companies appears "most attractive" among other Indian corporates, according to Nomura, as the latter remain comparatively expensive. The ports-to-power conglomerate will also be able to withstand recent turmoil brought on by allegations in an indictment by the US Department of Justice, the brokerage said.
Shares of Poonawalla Fincorp fell over 3% to Rs 342 in the morning on Monday after the company’s Chief Technology Officer, Dhiraj Saxena, resigned citing harassment by the company’s Chief Human Resources Officer (CHRO).
JBM Group has entered into a partnership with Singapore-based Keppel Ltd. to drive the global energy transition and sustainable infrastructure growth. The MoU was signed in the presence of Minister of Commerce and Industry Piyush Goyal by Nishant Arya, vice chairman, JBM Group, and Cindy Lim, CEO, Keppel’s Infrastructure Division.
U.S. stocks ended lower on Thursday, with UnitedHealth down sharply and technology shares easing as investors awaited Friday{sin-quite}s jobs report.
The US 10-year bond yields could cross 5% once again if the US government{sin-quite}s fiscal deficit widens further, said Sonal Desai, chief investment officer of Franklin Templeton Fixed Income. In an interview with Nishanth Vasudevan, Desai, who oversees $211 billion of assets under management globally, spoke about what{sin-quite}s in store in 2025, US bond yields, trade tariffs and the US Fed among other things. Edited excerpts:
Indices in the Asia-Pacific region were mixed Friday. At 7:19 a.m., Australia{sin-quite}s ASX 200 was down by 0.6% and Japan{sin-quite}s Nikkei fell 0.7%. While Hong Kong{sin-quite}s Hang Seng rose 0.7% and CSI 300 by 0.07%. US markets gave up gains in Thursday{sin-quite}s session. The Dow Jones Industrial Average and S&P 500 ended 0.55% and 0.19% down, respectively. The Nasdaq Composite index ended 0.17% down. At 7:21 a.m. GIFT Nifty
U.S. stocks ended lower on Thursday, with UnitedHealth down sharply and technology shares easing as investors awaited Friday{sin-quite}s jobs report.
Oil prices slipped in early Asian trading on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026.
RBI MPC Live Updates: Governor Speaks On Inflation In the previous MPC, Governor Das had compared inflation to a horse ready to bolt. He answered today saying, "Horse has made a very valiant effort to bolt; our attempt is to keep it on a tight leash."
The shares of Ganesh Infraworld debuted with a premium of 90% over its issue price of Rs 83 on Friday. The shares were listed at Rs 157.7 on the NSE SME platform. The shares of Ganesh Infraworld debuted with a premium of 90% over its issue price of Rs 83 on Friday. The shares were listed at Rs 157.7 on the NSE SME platform.
In the Nifty200 pack, six stocks{sin-quite} close prices crossed above their 200 DMA (Daily Moving Averages) on December 05, according to stockedge.com{sin-quite}s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
ICICI Securities has reaffirmed its positive stance on a select group of defence stocks following the Defence Acquisition Council{sin-quite}s approval of five major capital acquisition proposals worth Rs 21,772 crore for the Indian armed forces.
https://economictimes.indiatimes.com/markets/stocks/stock-liveblog/asian-paints-share-price-today-live-05-dec-2024/liveblog/115990212.cms
There is a lot riding on the expectation of reduced Goods and Services Tax on life and health insurance premiums, which today attract 18% rate. But that is just one of the factors that is influencing the share price of Niva Bupa Health Insurance Ltd., which listed on the stock markets on Nov. 14. The stock has run-up over 30% this week, triggered by reports of GST tax rate reduction.
Billionaire Gautam Adani{sin-quite}s group companies liquidity seems stable after accounting for near-term maturities for offshore debt, JPMorgan said, adding that Adani Green Energy Ltd.{sin-quite}s bond issue will be in
Jefferies remains bullish on Shriram Finance, citing strong growth potential and robust fundamentals, while JPMorgan adopts a cautious stance on HDFC Bank, highlighting growth constraints despite its "safe haven" status.
Bitcoin rose above $100,000 for the first time on Thursday as the election of Republican Donald Trump as president of the United States spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies. Bitcoin has more than doubled in value this year and is up about 45% in the four weeks since Trump{sin-quite}s sweeping election victory, which also saw a slew of pro-crypto lawmakers being elected to Congress.
There is a lot riding on the expectation of reduced Goods and Services Tax on life and health insurance premiums, which today attract 18% rate. But that is just one of the factors that is influencing the share price of Niva Bupa Health Insurance Ltd., which listed on the stock markets on Nov. 14. The stock has run-up over 30% this week, triggered by reports of GST tax rate reduction.
UK-based telecom operator Vodafone PLC on Thursday completed its exit from Indus Towers by selling a 3% stake in the company for around Rs 2,800 crore in a block deal. The fund raise, Vodafone said, will be used to to repay debt in Vodafone Idea (Vi).
Karnataka has attracted foreign direct investment (FDI) to the tune of $3.54 billion during the first six months of fiscal 2025, as per data released by Department for Promotion of Industry and Internal Trade (DPIIT) on December 3. According to DPIIT, during the April-September 2024 period, Karnataka reaffirmed its position as a global investment destination by securing the second rank in India for FDI.
Shares of newly listed NTPC Green Energy Ltd. closed 10% higher on Tuesday, as free float declined and demand for shares rose. The green utility firm saw a delivery of 35.5% on the NSE on Tuesday, higher than the market average. But it is the free float which is causing the stock to rise.
Meta said on Tuesday it is seeking proposals from nuclear power developers to help meet its artificial intelligence and environment goals, becoming the latest big tech company to take interest in atomic power amid an expected boom in electricity demand. The company wants to add 1 to 4 gigawatts of new U.S. nuclear generation capacity starting in the early 2030s, it said in a release. A typical U.S. nuclear plant has a capacity of about 1 gigawatt.
Welcome to the HDFC Life Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of HDFC Life, including: Last traded price 647.85, Market capitalization: 139055.01, Volume: 2529879, Price-to-earnings ratio 82.12, Earnings per share 7.87. Get a complete picture of HDFC Life{sin-quite}s performance through our comprehensive blend of
Welcome to the HDFC Life Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of HDFC Life, including: Last traded price 647.85, Market capitalization: 139055.01, Volume: 2529879, Price-to-earnings ratio 82.12, Earnings per share 7.87. Get a complete picture of HDFC Life{sin-quite}s performance through our comprehensive blend of
The seven-year contract that Zaggle Prepaid Ocean Services Ltd. signed with MasterCard Technology Pvt. recently will result in inflow of new contracts soon. In November, Zaggle announced entering into an agreement with Mastercard for seven years for its product distribution. Under the agreement, Mastercard will recommend the Zaggle SaaS platform as well as the payment and card products to corpora
Analysts have shared {sin-quite}buy{sin-quite} calls on shares of Graphite India Ltd., NMDC India Ltd., Tata Motors Ltd., Hindustan Construction Co. and Union Bank of India. The stock calls came from Aamar Deo Singh, senior vice president of research at Angel One Ltd., Kunal Rambhia, founder of The Street and Amit Goel, chartered market technician, SEBI research analyst and founder of Amit Ventures.
ICICI Securities has a buy call on Bajaj Finance with a target price of Rs 8500. The current market price of Bajaj Finance is Rs 6651.1. Bajaj Finance., incorporated in 1987, is a Large Cap company with a market cap of Rs 411672.79 crore, operating in NBFC sector.
Fairfax India Holdings Corporation has entered into an agreement to acquire an additional 10% equity interest in Bangalore International Airport Limited (BIAL) from Siemens Project Ventures GmbH. BIAL is the operator of the Kempegowda International Airport (KIA). On December 3, the company announced that, once the transaction is completed, Fairfax India’s equity interest in BIAL will increase from 64% to 74% (30.4% to be held by a wholly-owned subsidiary and 43.6% to be held by its subsidiary Anchorage Infrastructure Investments Holdings Limited).
Medical Education and Skill Development, Entrepreneurship and Livelihood Minister Sharan Prakash Patil said that the proposed Multi Skill Development Centre to be established in Gulbarga University will empower the youth, especially young women, to face challenges in the highly competitive digital age.
The Reserve Bank of India’s six-member Monetary Policy Committee on Wednesday began its three-day deliberations to determine the key lending rates. RBI Governor Shaktikanta Das will announce the MPC decision at 10 am on Friday.
Zepto’s Co-founder Aadit Palicha has taken a dig at the need for work-life balance, amid claims about toxic work culture at the quick commerce platform making rounds on social media.
Karnataka has attracted foreign direct investment (FDI) to the tune of $3.54 billion during the first six months of fiscal 2025, as per data released by Department for Promotion of Industry and Internal Trade (DPIIT) on December 3. According to DPIIT, during the April-September 2024 period, Karnataka reaffirmed its position as a global investment destination by securing the second rank in India for FDI.
NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Wednesday even as equity benchmark BSE Sensex traded 330.98 points up at 81176.73 amid brisk buying in frontline bluechip counters.
Medical Education and Skill Development, Entrepreneurship and Livelihood Minister Sharan Prakash Patil said that the proposed Multi Skill Development Centre to be established in Gulbarga University will empower the youth, especially young women, to face challenges in the highly competitive digital age.
NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Wednesday even as equity benchmark BSE Sensex traded 330.98 points up at 81176.73 amid brisk buying in frontline bluechip counters.
NEW DELHI: Shares of LTIMindtree Ltd. traded 0.21 per cent in Wednesday{sin-quite}s trade at 10:57AM (IST). Around 703 shares changed hands on the counter.
This is the daily morning update from NDTV Profit and I’m Alex Mathew. Here’s everything you need to know at the start of the day.
“We have been observing mixed trends within the NBFC pack and PEL outperforming amid the prevailing corrective phase. Traders can buy for a target of Rs 1430 in the next 2-4 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
The share allotment of Suraksha Diagnostic IPO is likely to be finalised later today or tomorrow morning. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.
Extending the winning run to the third straight day, benchmark Sensex jumped 597 points on Tuesday on buying in blue-chip stocks and firm trends in global markets.
Low-cost airline InterGlobe Aviation Ltd. (IndiGo) has filed a law suit against Mahindra Electric Mobility Ltd., a subsidiary of Mahindra & Mahindra Ltd. (M&M), in the Delhi High Court, charging the electric SUV company with trademark infringement. Last week, Mahindra unveiled two electric SUVs among which one is named BE 6e. IndiGo, which has its call sign as 6E, believes that the use of 6e (e in lowercase) is a violation of its identity and trademark.
Mumbai: Rising incidents of skipped payments and higher risk weighting mandated by the regulator have hit credit card additions at Indian lenders even through the festive season, with analysts anticipating a circumspect approach from banks as pockets of the consumption economy show signs of a demand fatigue.
Domestic markets extended gains for the third consecutive session, with Nifty jumping 181 points. Analysts expect markets to gain some momentum in the near term on the back of positive global cues, optimism around enhanced government spending and favourable monetary policy changes by the RBI.
South Korean President Yoon Suk Yeol said he will rescind his martial law decree, giving in to the parliament’s opposition just hours after his dramatic move imposing it that shook markets and surprised other world leaders.
South Korea{sin-quite}s Yoon lifts martial law, honors parliamentary vote * US dollar trims losses vs yen after JOLTS report * China{sin-quite}s yuan falls vs dollar on tariff uncertainty * Fed officials steer clear of giving December rate guidance (Recasts; adds South Korea lifting martial law, new comment; updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, - The euro rose modestly against the U.S. dollar on Tuesday, as political turmoil in France sent traders scrambling for hedging protection against further price swings, with some market participants noting that the crisis could be nearing the end.
Cochin Shipyard Ltd.{sin-quite}s share price surged for the second consecutive session on Tuesday, marking a strong rebound after a brief dip on Friday. The stock hit its upper circuit limit on Monday, achieving its highest level since Oct. 15, 2024.
NEW DELHI: Shares of Banaras Beads, Enviro Infra Enginee, NTPC Green Energy, Niva Bupa Health Ins and EPL, hit their fresh 52-week highs at 11:10AM(IST)on NSE.
State-run Telecommunications Consultants India Ltd (TCIL) will shortly finalise the minimum pricing and terms of an offer-for-sale (OFS) to divest 5-10% of its residual stake in Bharti Hexacom.
HDFC Bank Ltd.{sin-quite}s stock surged to a lifetime high on Tuesday. This rally comes on the back of a major block deal and four other large transactions that saw significant volume of shares change hands. Four large deals of 2.1 lakh, 1.4 lakh, 1.1 lakh and 3.2 lakh shares took place, at Rs 1,837.40 per share. The company{sin-quite}s market cap crossed the Rs 14 lakh crore-mark, but declined later. In the block
NEW DELHI: Shares of Banaras Beads, Enviro Infra Enginee, NTPC Green Energy, Niva Bupa Health Ins and EPL, hit their fresh 52-week highs at 11:10AM(IST)on NSE.
The initial public offer (IPO) of Suraksha Diagnostic received tepid response for the first two days with just 25% subscription. The issue will close for bidding today.
Late Friday evening an announcement by RBL Bank shook the financial world, as the lender said that it is discontinuing its co-branded credit card product with Bajaj Finserv Ltd.Over November, the two partners had held discussions on the future of the partnership, which first began in 2017. This was particularly surprising since in December 2021, both lenders had agreed to continue the partnership
“I believe Capital Goods, Infra, EMS, Hospitals, Pharma, Tourism, Auto, New Energy, E-com, Jewellery etc. are good themes to play at current valuations,” says Amnish Aggarwal, Director - Institutional Equities, PL Capital - Prabhudas Lilladher.
Late Friday evening an announcement by RBL Bank shook the financial world, as the lender said that it is discontinuing its co-branded credit card product with Bajaj Finserv Ltd.Over November, the two partners had held discussions on the future of the partnership, which first began in 2017. This was particularly surprising since in December 2021, both lenders had agreed to continue the partnership
Deepak Shenoy, Founder, Capital Mind, says 2008, or 2013 falls, apart from 2020, were much tougher times than this. While the 2024 crash has been a bad dream, the earlier crashes were nightmares. In 2024, we were down 10%, but we have come back up. The GDP numbers are problematic, but part of it had to do with the relatively slow recovery from the post-election result phase when you did not get as many capex orders.
Rohit Seksaria, Fund Manager, Sundaram Mutual, says the current slowdown in the earnings and the current decline in the market is just a couple of quarters’ phenomena and there are a couple of things which gives us confidence going into the second half. The first is the softer crude prices which will help in corporate margins going into the second half. The government spending has been quite weak in the first half. As the government spends come back in the second half, we will see the corporate revenues and corporate profits reviving.
Mayur Milak, Senior VP, Asian Markets Securities, says they have identified Hero Moto as the top choice in the two-wheeler segment. The recent achievement of sales figures around 9 lakh to 9.5 lakh units per month indicates that they have effectively managed the excess entry-level inventory at their dealerships. This positions them favorably for future production increases. In contrast, competitors like TVS and Bajaj are facing significantly higher inventory levels at their dealerships compared to Hero. Milak recommends a buy on Hero and a sell on Bajaj Auto.
Gold price today stood at Rs 76,680 as of 7:10 a.m., according to the India Bullion Association. The price had seen a marginal recovery hovering over the Rs 77,000-mark on Monday and the price today has held just over the Rs 76,500-mark.
Benchmark indices Sensex and Nifty ended higher on Monday amid buying in blue-chip stocks and a firm trend in the US markets.
Rohit Seksaria, Fund Manager, Sundaram Mutual, says the current slowdown in the earnings and the current decline in the market is just a couple of quarters’ phenomena and there are a couple of things which gives us confidence going into the second half. The first is the softer crude prices which will help in corporate margins going into the second half. The government spending has been quite weak in the first half. As the government spends come back in the second half, we will see the corporate revenues and corporate profits reviving.
The shares of Rajesh Power Services debuted with a 90% premium over the issue price of Rs 335 on Monday. The shares listed at Rs 636.5 on the BSE SME platform.
Indian bonds are set for the best year in four and investors expect more gains on a combination of policy drivers and resilient domestic demand. The central bank’s rate cuts anticipated from early next year on slowing economic growth, continued index-inclusion-related foreign inflows and strong demand from local pension and insurance companies are likely to further burnish the appeal of sovereign notes.
Emkay initiated coverage on Anant Raj Ltd. with a {sin-quite}buy{sin-quite} call, citing a rise in the share of cloud-based services expected to boost the company{sin-quite}s profitability. UBS comments on Hindustan Unilever Ltd., Tata Motors Ltd., Petronet LNG Ltd.Jefferies shares outlook on the cement sector and states its top picks, while Nuvama remains bullish on Adani Ports and Special Economic Zone Ltd. Investec and Morg
Info Edge (India) Ltd., the operator of Naukri.com and Shiksha.com, has filed a first information report against its step-down subsidiary, 4B Networks Pvt.{sin-quite}s Founder Rahul Yadav and other executives, for alleged misuse of funds
India{sin-quite}s stock market—hit by record foreign outflows—is struggling to extend the rally it saw in the first half of the year. However, there is a silver lining to it. The buoyant domestic flows have kept the market flat in November when its Asian and European peers were hit by tariff threats of US President-elect Donald Trump, and escalating geopolitical tensions. The benchmark gauge—NSE Nifty 50—w
Shares of drugmaker Cipla are expected to be in focus on Monday as the company{sin-quite}s promoters could sell up to 1.72% stake in the company via block deals. The company may set the offer price at Rs 1,442 per share according to a report that has estimated the block size at Rs 2,000 crore.
Stay informed with the Britannia Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on Britannia, including: Last traded price 4951.45, Market capitalization: 119151.52, Volume: 102889, Price-to-earnings ratio 55.87, Earnings per share 88.5. Our liveblog combines fundamental and technical insights to provide a holistic view of
Tata Motors shares climbed over 1% on Monday to Rs 795 on BSE after the company reported a marginal rise in overall sales to 74,753 units in November 2024, compared to 74,172 units in the same month last year.
In the NSE list of stocks with a market cap of over Rs 10,000 crore, we have compiled a list of five stocks that witnessed a 5-year swing high at the close on November 29, suggesting bullishness in these counters, according to StockEdge.com{sin-quite}s technical scan data. Take a look.
Motilal Oswal Financial Services has a buy call on Polycab India with a target price of Rs 8,340. The current market price of Polycab India is Rs 7149.1. Polycab India incorporated in 1996, is a Mid Cap company with a market cap of Rs 107515.75 crore, operating in the Consumer Durables sector.
Pashupati Advani, Founder, Global Foray, says there is no real trigger to take the market to a new level. FIIs are selling, SIPs are still there which is good, but the actual retailer who has been providing the liquidity and enjoying the market is not being able to make money and will leave the markets and that is not a good sign.
Adani Green Energy shares were trading 9.1% higher on Monday at Rs 1,445 on the BSE, after Gautam Adani, chairman of the energy-to-infrastructure conglomerate, addressed ongoing challenges, including allegations of bribery and fraud involving Adani Green Energy.
Wipro and a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split.
DLF Ltd. on Friday announced that its subsidiary DLF Info City Developers Kolkata Ltd. will sell its tech park in Kolkata to RDB Primarc Techno Park LLP.
Flipkart Expands Quick Commerce To Compete With Delivery Platforms Read more at: https://www.ndtvprofit.com/business/flipkart-expands-quick-commerce-to-
Indian headline indices closed in the green on Friday aided by pharma and auto stocks. While Nifty finished at 24,131.10, gaining 216.95 points or 0.91%, the 30-stock S&P BSE Sensex settled at 79,802.79, higher by 759.05 points or 0.96%.
Volkswagen India unit accused of misclassifying imports; Skoda Auto Volkswagen India claims compliance with laws; VW classified imports as individual parts, paying lower tax; Company says it is cooperating with Indian authorities
The Indian rupee closed at 84.48 per US dollar, flat from its previous close as foreign portfolio investors continued to sell from local stocks and bonds. Likely intervention by the Reserve Bank of India capped excess depreciation in the rupee, traders said.
Coromandel International Ltd. on Friday announced that it had received a goods and services tax demand order for Rs 11 crore from the Raigad tax authority last week.
(Bloomberg) -- Japan could have faced deflation for several years starting around 2016 without the Bank of Japan’s massive monetary stimulus program, according to research published by the central bank.
It’s been more than a week since the US Department of Justice, FBI and the Securities and Exchange Commission issued indictments- charging the Adani group, its top leadership including Gautam Adani of a conspiracy to bribe Indian government officials for contracts, and defrauding US investors by raising capital through bonds issues. Remember these are indictments - they still need to go through a trial process, and only if there’s a conviction will the case itself go forward - there’s also the possibility of Adani paying fines and settling the case.
Ultraviolette Automotive, an electric vehicle platform and battery technology company, is aiming for 30% revenue through exports in three years time, said a top executive.
The Supreme Court directed the Indian Broadcasting and Digital Foundation on Friday to move the Telecom Disputes Settlement and Appellate Tribunal for challenging the telecom regulator{sin-quite}s amendments regarding the offering of certain paid channels.
Adani Green Energy Ltd.{sin-quite}s wholly-owned arm Adani Saur Urja (KA) Ltd. has incorporated a new subsidiary named Adani Hydro Energy Four Ltd., according to an exchange filing on Friday. The Adani Group company, while informing the exchanges about the development, also added that it received the certificate of incorporation on Friday.
The civic-run Brihanmumbai Electric Supply and Transport undertaking wants its fleet to have more than 50% electric buses by 2025-26 and then raise the number to 8,000 in the subsequent years. In a release issued during the day, the metropolis{sin-quite} premier road transport undertaking said it has set an ambitious goal to have 100% zero-emission electric bus fleet by 2026-27.
Reliance Industries (RIL) shares will be in focus on Friday following the acquisition of a 21% stake in US-based Wavetech Helium, Inc. by its step-down subsidiary, Reliance Finance and Investments USA LLC, for approximately $12 million.
The T90 containerised crew gunnery simulator, for which Zen Technologies Ltd. recently received the Indian patent, is expected to contribute around 5–10% revenue for the company over the next two to three years.
State-owned Steel Authority of India Ltd (SAIL) shares will be in focus on Friday after the company entered into a partnership with the Indian arm of John Cockerill Group to use green technologies in iron and steelmaking processes.
State-owned Steel Authority of India Ltd (SAIL) shares will be in focus on Friday after the company entered into a partnership with the Indian arm of John Cockerill Group to use green technologies in iron and steelmaking processes.
There is a certain mental model of the US energy system that envisions a giant valve hidden beneath the Resolute Desk. The notion that the president can smoothly dial energy flows and prices up and down is of course absurd — and seemingly a belief within the incoming Trump administration. We’ve been treated to a couple of jarring statements on energy from the president-elect and his appointees th
Top brokerage firms have shared their insights on select stocks, highlighting robust growth potential and investment opportunities in key sectors.
Several brokerages have upgraded the target prices of various stocks over the past month. According to Trendlyne data, 10 stocks, ICICI Bank, M&M, Bharti Airtel, Can Fin Home, and Hindalco have received up to seven analysts{sin-quite} target price upgrades in the last month. Here is a list of these stocks:
Adani Ports{sin-quite} share price surged around 2% on Friday after the announcement of signing a supplementary concession agreement with the Kerala government to enhance the development of the Vizhinjam Seaport. The agreement was signed by Kerala Chief Minister Pinarayi Vijayan, marking a key milestone in the project aimed at bolstering the state{sin-quite}s international maritime infrastructure.
Motilal Oswal Financial Services has a buy call on Mahindra & Mahindra with a target price of Rs 3,420. The current market price of Mahindra & Mahindra is Rs 2923.15. Mahindra & Mahindra, incorporated in 1945, is a Large Cap company with a market cap of Rs 363694.88 crore, operating in the Auto sector.
Motilal Oswal Financial Services has a buy call on Mahindra & Mahindra with a target price of Rs 3,420. The current market price of Mahindra & Mahindra is Rs 2923.15. Mahindra & Mahindra, incorporated in 1945, is a Large Cap company with a market cap of Rs 363694.88 crore, operating in the Auto sector.
Markets across the globe are likely to brush off any rise in tension on geopolitical front, XM Australia Chief Executive Officer, Peter McGuire, told NDTV Profit. McGuire is aware of the developing situation in Ukraine. Markets are seeming to brush off the development on that side, he said.
Food and grocery delivery firm Zomato on Friday completed its Qualified Institutional Placement (QIP), raising Rs 8,500 crore via an allocation of 33.65 crore shares at Rs 252.62 per share.
Ahead of Prime Minister Narendra Modi’s meeting with Chief Minister Mohan Majhi, his cabinet colleagues, MLAs and other leaders, the State government has approved project proposals that entails an investment to the tune of ₹1,36,622.24 across 20 transformative industrial projects.
Ahead of Prime Minister Narendra Modi’s meeting with Chief Minister Mohan Majhi, his cabinet colleagues, MLAs and other leaders, the State government has approved project proposals that entails an investment to the tune of ₹1,36,622.24 across 20 transformative industrial projects.
Motilal Oswal Financial Services has a buy call on Mahindra & Mahindra with a target price of Rs 3,420. The current market price of Mahindra & Mahindra is Rs 2923.15. Mahindra & Mahindra, incorporated in 1945, is a Large Cap company with a market cap of Rs 363694.88 crore, operating in the Auto sector.
Food and grocery delivery firm Zomato on Friday completed its Qualified Institutional Placement (QIP), raising Rs 8,500 crore via an allocation of 33.65 crore shares at Rs 252.62 per share.
Shares of insurance companies in India advanced after the Finance Ministry proposed to raise the foreign direct investment limit to 100% from 74% earlier.
"So, amongst the listed players, obviously three of them have a very high share above 50%. IPRU has around 30% amongst in retail APE and LIC has a relatively lesser share," says Prayesh Jain, MOFSL.
Shares of Bharat Forge Ltd. 0.44 per cent to Rs 1335.45 in Friday{sin-quite}s trade as of 10:52AM (IST) even as the benchmark Nifty ruled at 24124.05, 209.9 points
The Rs 846-crore initial public offer (IPO) of Suraksha Diagnostic was subscribed 3% so far on the first day of the bidding process on Friday.
Shares of CreditAccess Grameen skidded as much as 11.8% on Friday to Rs 870 per share on BSE after global brokerage firm Goldman Sachs downgraded the microfinance company{sin-quite}s rating to {sin-quite}Sell{sin-quite} from “Buy” and slashed the target price by over 60% to Rs 564.
ee Entertainment Enterprises Ltd.{sin-quite}s shares surged nearly 8% after shareholders decided to not re-appoint Punit Goenka as director of the company. The board also approved a Re 1 per equity share dividend for the financial year ending March 31, 2025, at the 42nd Annual General Meeting.
Congress general secretary in-charge communications Jairam Ramesh said India has seen ten years of a "Modi-made inflation", created and fostered by the government{sin-quite}s poor policy-making
Dipan Mehta, Director, Elixir Equities, says from a fresh investment angle, avoid ABB, Hitachi, and Siemens. All of these companies’ existing investors may remain invested, but this is not the time to make a fresh investment. These are great stocks to buy when there is a down cycle in the capex cycle and these companies’ earnings are stagnating or even growing negatively, but not at these times when the stocks have rallied as they have. For now, it is a hold for Mehta.
Dipan Mehta, Director, Elixir Equities, says from a fresh investment angle, avoid ABB, Hitachi, and Siemens. All of these companies’ existing investors may remain invested, but this is not the time to make a fresh investment. These are great stocks to buy when there is a down cycle in the capex cycle and these companies’ earnings are stagnating or even growing negatively, but not at these times when the stocks have rallied as they have. For now, it is a hold for Mehta.
The SME IPO of Agarwal Toughened Glass will open for subscription today and will close on December 2. The company aims to raise Rs 62.64 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
The SME IPO of Agarwal Toughened Glass will open for subscription today and will close on December 2. The company aims to raise Rs 62.64 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
Shares of Adani Group stocks surged over 9% in early trade on Thursday after the conglomerate clarified on Wednesday that its executives, including Gautam Adani and his nephew Sagar Adani, have not been indicted on bribery charges by US authorities.
Motilal Oswal Financial Services has a buy call on JSW Energy with a target price of Rs 810. The current market price of JSW Energy is Rs 657.05. JSW Energy, incorporated in 1994, is a Mid Cap company with a market cap of Rs 114898.30 crore, operating in the Power sector.
The recent recovery in the stock markets has renewed the interest of investors in Indian equities after a phase of volatility, according to Manishi Raychaudhuri, chief executive officer of Emmer Capital Partners
There may be challenges, such as missed earnings or further small cuts in the next two quarters, but even then, a 15% to 16% return looks achievable in markets, which is quite good,” says Naveen Kulkarni, CIO, Axis Securities PMS.
Sonata Software shares jumped 3.4% to a high of Rs 649.60 on the BSE on Thursday after the IT services company bagged a {sin-quite}multi-million dollar{sin-quite} modernisation deal in Australia from a global leader in access solutions.
Paytm shares rose nearly 3%, hitting a new 52-week high of Rs 942.5 in Thursday{sin-quite}s trade on the BSE, after global brokerage firm UBS maintained a {sin-quite}Neutral{sin-quite} stance on the fintech company and raised its target price to Rs 1,000 from Rs 490.
KEC International shares surged 7% to their day’s high of Rs 1,094.95 on the BSE on Thursday after the firm secured turnkey orders worth Rs 1,704 crore from Power Grid Corporation of India in its Transmission & Distribution (T&D) business.
Sonata Software shares jumped 3.4% to a high of Rs 649.60 on the BSE on Thursday after the IT services company bagged a {sin-quite}multi-million dollar{sin-quite} modernisation deal in Australia from a global leader in access solutions. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/sonata-software-shares-in-focus-on-winning-multi-million-dollar-modernisation-deal-in-australia/articleshow/115753247.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The Indian market is likely to trade higher on Thursday, tracking positive global cues. The Nifty futures closed positively with gains of 0.38%, reaching 24,309 levels on Wednesday. India VIX closed at 14.62, down 4.4% in the previous session.
Goldman Sachs maintains a Buy rating on Marico with a target price of Rs 720, reflecting a 10% upside from the current market price of Rs 650.
Several brokerage firms, both domestic and global, have recently initiated coverage on a number of stocks, providing buy ratings based on market outlooks. Stocks under the spotlight include Ola Electric, Swiggy, Trent, and Hyundai, with analysts offering a range of projections. Here is a list of 7 stocks on which brokerages initiated coverage:
The Securities and Exchange Board of India is preparing a proposal of stricter eligibility norms for Authorized Persons, who operate on behalf of brokers. The upcoming regulations will impose increased liability on brokers for defaults made by their sub-brokers, according to people familiar with the matter.
All Adani Group stocks extended their recovery for a second consecutive session as the group{sin-quite}s market-cap rose over Rs 70,000 crore to Rs 13.25 lakh crore in Thursday morning trade. Adani Total Gas Ltd. took the lead with an over 16% gain in the stock. The share price of Adani Total Gas hit Rs 825, its highest level since Sept 24.
Axis Securities has a buy call on State Bank of India with a target price of Rs 1030. The current market price of State Bank of India is Rs 835.65. State Bank of India, incorporated in 1955, has a market cap of Rs 748954.11 crore. Read more at: https://economictimes.indiatimes.com/markets/stocks/recos/buy-state-bank-of-india-target-price-rs-1030-axis-securities/articleshow/115718071.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Share price of HDFC Bank Ltd. surged to an all-time high on Thursday. This follows a strong performance on Wednesday, when the stock gained 1.78%. The recent uptick in the stock comes as the bank continues to make strides in both its financial performance and customer outreach. The market cap of HDFC Bank stood at Rs 14.01 lakh crore when the stock hit all time high level.
Billionaire Gautam Adani and his nephew Sagar Adani have not been charged with any violations of the US Foreign Corrupt Practices Act (FCPA) in the indictment filed by US authorities in a court in a bribery case, the Adani Group said on Wednesday. Gautam Adani, founder chairman of the ports-to-energy conglomerate, Sagar Adani and another key executive, Vneet Jaain, have been charged by the US Department of Justice with being part of an alleged scheme to pay USD 265 million in bribes to Indian officials to win contracts for supply of solar electricity that would yield USD 2 billion profit over a 20-year period.
Niyogin Fintech shares zoomed 12.5% to their day’s high of Rs 70 on the BSE on Wednesday after Morgan Stanley acquired over 6.7 lakh shares of the company for Rs 3.74 crore via a block deal on Tuesday. The stock was purchased at a price of Rs 55.65 per share.
The Indian market is likely to trade higher on Wednesday, tracking positive global cues. The Nifty futures closed negative with a loss of 0.28% at 24,205 levels on Tuesday. India VIX closed at 15.30. Read more at:
Maruti Suzuki India Ltd. is on track to meet its target of exporting 7.5 lakh to 8 lakh cars every fiscal by the end of this decade, said Rahul Bharti, the Swift maker{sin-quite}s executive director-corporate affairs, on Tuesday.
irst of all, what rally we have seen from the oversold zone for last two days, you have seen Nifty going up by about 1000 points from those lows of around 23,200 and Bank Nifty has also participated last two days in this rally," says CA Rudramurthy BV, MD, Vachana Investments.
Japan{sin-quite}s Nikkei share average declined on Tuesday as the market weighed U.S. President-elect Donald Trump{sin-quite}s pledge to impose tariffs on all imports from Canada and Mexico, along with additional tariffs on China.
Integrated diagnostic chain Suraksha Diagnostic Ltd on Tuesday said it has fixed a price band of Rs 420 to Rs 441 apiece for its Rs 846-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 29 and conclude on December 3 and the bidding for anchor investors will open for a day on November 28, the company announced.
Bitcoin faced selling pressure, dipping to an intraday low of $92,600 before recovering to $94,600 on Tuesday. Its market dominance dropped to 57.38% as long-position liquidations exacerbated the downward trend.
PI Industries shares 1.21% as Nifty gains Read more at:
The stock of Adani Energy Solutions jumped 6.89%, Adani Green Energy soared 6.42%, Adani Total Gas surged 5.33%, Adani Ports climbed 4.64% and Adani Power rallied 4.17% on the BSE
Leaving investors richer by Rs 16 lakh crore in just 2 trading sessions with the Sensex rising over 3,000 points, animal spirits are back on Dalal Street as Street favourite NDA{sin-quite}s victory in Maharashtra elections made investors look beyond the downgrades seen in the forgettable Q2 earnings season. Read more at: https://economictimes.indiatimes.com/markets/stocks/news/sensex-jumps-3000-points-in-2-days-can-maharashtra-elections-wipe-away-q2-tears/articleshow/115651579.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Navneet Munot, MD & CEO, HDFC AMC, says in the journey of Sensex from 1,000 to 75,000, we have seen many corrections and a bit of volatility is healthy for the market. Foreigners have lightened their positions and maybe as the results season kick in, maybe after a quarter or so, and people get more faith on the earnings for, let us say, FY26, FY27, FY28, coming back on track. Munot is pretty sure that Read more at: https://economictimes.indiatimes.com/markets/expert-view/india-will-always-have-some-premium-in-october-when-fiis-sold-11-bn-hdfc-amc-saw-record-sip-flows-navneet-
The Mangalore Special Economic Zone has entered into an Expression of Interest with Italy-based MIR Group SRL SB to establish a state-of-the-art facility for producing energy-efficient building materials, officials announced on Friday.
The Reserve Bank of India (RBI) has emphasized clarity in communication, in line with global best practices, after having adopted flexible inflation targeting as a formal monetary policy objective, deputy governor Michael Patra said. But unlike several of its global peers, Mint Road refrains from giving forward guidance on the price gauge. Read more at: https://economictimes.indiatimes.com/news/economy/policy/rbi-focus-is-on-clarity-in-communication-since-it-adopted-flexible-inflation-targeting-deputy-governor-michael-patra/articleshow/115585187.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
(Bloomberg Businessweek) --A door may have blown off a Boeing 737 Max earlier this year, but, “in terms of actual risk, it makes no more sense to be afraid to fly than to be afraid to go into the supermarket because the ceiling might collapse,” says Arnold Barnett, who studies mathematical modeling of health and safety at the MIT Sloan School of Management. “When the risk of something gets incredi
https://www.ndtvprofit.com/markets/bank-of-america-bearish-on-nykaa-cuts-estimates-amid-slower-margin-growth
https://www.ndtvprofit.com/markets/bank-of-america-bearish-on-nykaa-cuts-estimates-amid-slower-margin-growth
https://economictimes.indiatimes.com/markets/stocks/news/kitex-garments-board-announces-21-bonus-share-issue/articleshow/115558540.cms
With the wedding season kicking off in India, Abneesh Roy, executive director of research at Nuvama Institutional Equities, has listed a number of sectors that are likely to gain from the large-scale wedding spends. Several comp Read more at: https://www.ndtvprofit.com/business/titan-united-spirits-vedant-fashions-top-wedding-season-picks-of-nuvamas-abneesh-roy Copyright © NDTV Profit
The stock market may see a "Santa Claus rally" of 5-7% over the next six to eight weeks, said Vikash Kumar Jain, India strategist at brokerage CLSA.
https://www.ndtvprofit.com/business/titan-united-spirits-vedant-fashions-top-wedding-season-picks-of-nuvamas-abneesh-roy
What will be the impact of the move on the U.S. economy as well as the Chinese economy? Will the imposition of such tariffs trigger another global trade war?
Microsoft CEO Satya Nadella told customers at a conference in Chicago on Tuesday that the company is teaching a new set of artificial intelligence tools how to "act on our behalf across our work and life.”
Nikhil Nigania, Director, Bernstein, says the power story is that of accelerating demand, evening power shortages, and a big push from the government on energy transition. NTPC continues to be a play on all those themes. It still trades at about 15 times earnings. Even considering a holding company discount on the green listing and given it is raising at good valuations, it seems it is not as bad as he had initially thought it to be. So, he continues to be posit ..
https://economictimes.indiatimes.com/markets/stocks/recos/add-grasim-industries-target-price-rs-2731-icici-securities/articleshow/115438283.cms
The central government{sin-quite}s recent decision to reduce gas allocation to city gas distribution companies under the administered price mechanism follows a decline in overall gas volumes, said Gajendra Singh, member of the Petroleum and Natural Gas Regulatory Board.
Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs). For a sample of 29 publicly listed banks, provisioning for nonperforming assets (NPA) fell by 2.9% to ₹27,318.2 crore. For PSBs, it fell by 11.6% to ₹14,628.3 crore with half of them reporting a year-on-year drop in loan loss
Varun Beverages Ltd. closed the qualified institutional placement of shares to raise Rs 7,500 crore, according to an exchange filing on late Tuesday. The company allotted more than 13.27 crore shares at an issue price of Rs 565 per share, which is at a discount of 4.97% to the floor price of Rs 594.56, and a discount of 10.4% from Tuesday{sin-quite}s closing of Rs 630.50 per share.
Shares of Zomato Ltd. rose 0.22 per cent to Rs 271.30 in Tuesday{sin-quite}s trade. It hit an intraday high of Rs 272.65 and low of Rs 267.70, respectively, during the day.
Axis Securities has a buy call on Ambuja Cements with a target price of Rs 601. The current market price of Ambuja Cements is Rs 548.55. Ambuja Cements, incorporated in 1981, is a Large Cap company with a market cap of Rs 134708.22 crore, operating in the Cement sector.
Shares of PG Electroplast today rallied 15% to their new 52-week high of Rs 718.35 on the BSE after the company’s wholly-owned subsidiary PG Technoplast has signed an agreement with Spiro Mobility for an exclusive partnership for manufacturing Spiro’s EV in India.
Nomura Research has downgraded Indraprastha Gas Ltd. to {sin-quite}Reduce{sin-quite} and reiterated its {sin-quite}Reduce{sin-quite} on Mahanagar Gas Ltd., lowering their target prices and maintaining a bearish stance on the country’s city gas distribution (CGD) companies. This downgrade comes on the back of recent developments in the sector, including a second round of cuts to the {sin-quite}Administered Price Mechanism{sin-quite} gas allocation, which ar
Shares of Suzlon Energy hit a 5% upper circuit at Rs 62.37 in Tuesday{sin-quite}s trade after global brokerage firm Morgan Stanley upgraded the stock to {sin-quite}Overweight{sin-quite} from {sin-quite}Equal-weig
The initial public offer (IPO) of BlackBuck platform operator Zinka Logistics sailed through on the final day of the bidding process, being subscribed by 1.23 times so far.
Metal stocks including Tata Steel Ltd. and National Aluminium Co. rose on Monday as Nifty Metal recovered from its six-session fall, tracking latest development in China on tax rebate of aluminium and copper products. Read more at: https://www.ndtvprofit.com/markets/tata-steel-to-nalco-nifty-metal-stocks-recover-after-china-cuts-tax-rebate-for-aluminium-copper-products Copyright © NDTV Profit
Hero MotoCorp Ltd.{sin-quite}s share price was up 5% on Monday after the company clocked a net profit of Rs 1,204 crore, against a Bloomberg estimates of Rs 1,152 crore. Brokerages were positive, as Citi Research shared a note with a {sin-quite}buy{sin-quite} rating on the stock, though reduced the target price to Rs 6,300 from Rs 6,600 apiece earlier, implying a potential upside of 36.5%. Nuvama Institutional Equities also h
Shares of Mahanagar Gas and Indraprastha Gas fell up to 18% on Monday after the government cut the Administered Price Mechanism (APM) allocation to city gas distribution firms by 20% for the second consecutive month. Mahanagar Gas shares dropped to Rs 1,075, while Indraprastha Gas shares slid to Rs 324.8.
Shares of PSU company Hindustan Aeronautics (HAL) today surged 4% to an intraday high of Rs 4,246 on the BSE today after the company on Thursday reported a consolidated net profit of Rs 1,510 crore for the quarter that ended September 30, 2024, rising 22% over Rs 1,237 crore reported in the year-ago period.
aims to reduce debt in the upcoming quarter, building on a strong performance in Q2, according to Chief Operating Officer Pankaj Mital.
Wall Street{sin-quite}s main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns about slower interest-rate cuts and as investors reacted to cabinet picks by U.S. President-elect Donald Trump. Wall Street{sin-quite}s main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns about slower interest-rate cuts and as investors reacted to cabinet picks by U.S. President-elect Donald Trump.
As the dust settles following the US elections, the outlook for Indian IT services remains optimistic, driven by favorable global trends and a business-friendly environment under the incoming Trump administration.
Gold prices on Friday were on track for their biggest weekly decline in over three years as expectations of less aggressive interest rate cuts by the U.S. Federal Reserve lifted the dollar, denting allure for bullion among investors.
Europen shares slipped on Friday, weighed down by disappointing earnings, concerns about the impact of U.S. President-elect Donald Trump{sin-quite}s policies on global economies and businesses and a jump in Treasury yields.
As the dust settles following the US elections, the outlook for Indian IT services remains optimistic, driven by favorable global trends and a business-friendly environment under the incoming Trump administration.
As investors, it’s natural to feel uneasy when markets go through significant corrections. Over the past few weeks, the market has dropped by over 10% from its peak of 26,277. This decline has been fueled by a combination of factors: aggressive selling by foreign institutional investors (FIIs), global uncertainties like geopolitical tensions in the Middle East, and weaker-than-expected India Inc.’s earnings. Together, these elements have intensified fears of a prolonged downturn, leading many to ..
Seeing the stock of Zomato as a potential doubler in the next 3-4 years, global brokerage firm Morgan Stanley has increased its target price to Rs 355 from an earlier Rs 278, stating that quick commerce (QC) may positively surprise the market.
Oil prices settled down more than 2% on Friday as investors fretted about weaker Chinese demand and a potential slowing in the pace of U.S. Federal Reserve interest rate cuts.
Stock Slump The Indian stock market has been trading sluggishly in recent days, with the benchmark index, Sensex, dropping around 2.5% in just one week and losing nearly 11% from it{sin-quite}s all-time high. Amid this weak trading environment, many stocks in the BSE 500 index have seen significant declines. In fact, six of these stocks have lost over 50% from their 52-week highs. Additionally, nearly 200 stocks have fallen more than 25% from their respective 1-year peak levels. Here, we{sin-quite}ve highlighted the top ten stocks that have taken the hardest hit from their highs.
Brokerage firm CLSA has decided to reverse its earlier move from India to China, citing growing concerns over China’s economy and investor sentiment. This change comes after Rs 1.2 lakh crore in foreign institutional investor (FII) outflows from India in recent months, which has affected the Indian market.
This price correction will offset some of the cost pressure to run a sustainable business, a company statement noted
Though several developed economies suffered badly owing to the COVID crisis, India continued to grow at 7-8% during the last 10 years,” Union Minister Dharmendra Pradhan said on Friday (November 15, 2024.) In his keynote address at the Indian School of Business (ISB) in Hyderabad, Mr. Pradhan said India is set to become the third largest economy in the world in the next three to four years.
The US elections have had a significant impact on various markets, with the crypto space being no exception. Following Donald Trump{sin-quite}s victory, the market has experienced a surge in crypto prices, marking what many consider the beginning of a new bull run. Anush Jafer, Content Lead at Mudrex Research, discussed the implications of Trump{sin-quite}s win on the crypto market and retail investor sentiment during a recent ETMarkets live stream.
Mumbai : India logged this financial year’s lowest additions to stock-investing demat accounts in October at 3.5 million after having expanded the investor base by four million new accounts on average through June to September, pointing to the toll market volatility is, perhaps, beginning to take on savers’ enthusiasm.
Brokerage JM Financial said Zomato and Jio Financial Services could be added to Nifty 50 in the upcoming February 2025 review, based on the new F&O inclusions. The announcement for the March rebalancing of the Nifty will be made in February next year. BPCL (Bharat Petroleum) and Eicher Motors are likely to be the exclusions from the index.
Mumbai : As HDB Financial Services heads for its initial public offering (IPO), shares of the nonbank lender owned by the country’s most-valued bank in the unlisted market have seen a sharp rise — up to ₹1,200 apiece.
Financial services industry veteran Uday Kotak on Thursday (November 15, 2024) said the successful quick commerce (Q-Com) trade poses a challenge to retailers and will become a political issue. Speaking at an event, Kotak also pitched for Indian businesses becoming more competitive in a "free and fair trade".
Wall Street{sin-quite}s main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors{sin-quite} hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary polic
Motilal Oswal Financial Services has a neutral call on BSE with a target price of Rs 4,500. The current market price of BSE is Rs 4609.5. BSE Ltd, incorporated in 2005, is a Small Cap company with a market cap of Rs 62219.65 crore, operating in Financial Services sector.
The dollar was headed for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump{sin-quite}s policies could further stoke inflation when he assumes office in January.
Trideep Bhattacharya, CIO, Edelweiss AMC, says the September quarter results season probably saw an earnings downgrade of about 4% to 5% amongst the companies of any interest. The next chance of earnings upgrade would be in the December quarter numbers which will come through in January. Till that period, he anticipates a bit of a volatile market.
Japan{sin-quite}s Nikkei share average closed lower for a third-straight day on Thursday despite the yen falling to fresh lows, as major technology stocks tracked their U.S. peers lower.
Global brokerage firms have shared their insights on key stocks, highlighting investment opportunities with potential upsides.
Banks in many parts of India will remain shut on account of Guru Nanak Jayanti or Gurpurab on Friday, Nov. 15. This means that in-person banking services will be unavailable in the branches. Customers are advised to plan their schedules accordingly for any bank-related work.
Global brokerage firms have shared their insights on key stocks, highlighting investment opportunities with potential upsides.
Shares of Royal Enfield manufacturer Eicher Motors zoomed 7.5% on Thursday to their day’s high of Rs 4,934.50 on the BSE as the company reported an 8% growth in its standalone net profit at Rs 1,010 crore in the quarter ended September 2024.
Gold December futures contracts at MCX opened 0.83% or Rs 615 lower at Rs 72,867 per 10 gram on Thursday, while silver December futures contracts were trading at Rs 88,032/kg, down by 0.1.31% or Rs 1,165.
"All forms of tariff increases, it has never been the case that you have had a tariff increase and trade has actually benefited, trade slows. Therefore, all emerging markets on average necessarily will have to get hit if you are going to have a tariff increase," says Jahangir Aziz, JPMorgan.
Hyundai Motor India Ltd. expects further moderation in car demand in the world’s third-largest automotive market amid a sales revival in the hinterland. “So, we have been maintaining that this year, the industry would see a low single-digit growth on a very high base of last year,” Tarun Garg, chief operating officer of India’s second largest carmaker, said during a post-earnings analyst call. “A
Motilal Oswal Financial Services has a neutral call on Tata Motors Ltd. with a target price of Rs 840. The current market price of Tata Motors Ltd. is Rs 794.85. Tata Motors, incorporated in 1945, is a Large Cap company with a market cap of Rs 292814.33 crore) operating in the Auto sector.
NEW DELHI: Loyal Textiles, Fairchem Organics, Avantel, Sula Vineyards and Sagility India and others were among the stocks that touched their 52-week lows as of 10:17AM(IST)in Wednesday{sin-quite}s session.
HSBC Global Research shared positive outlook on Indian oil marketing companies, noting that lower Brent prices and a bounce-back in auto fuel sales due to festive demand are supporting the profitability of Indian Oil Corp., Bharat Petroleum Corp., and Hindustan Petroleum Corp. .
Motilal Oswal Financial Services has a neutral call on Tata Motors Ltd. with a target price of Rs 840. The current market price of Tata Motors Ltd. is Rs 794.85. Tata Motors, incorporated in 1945, is a Large Cap company with a market cap of Rs 292814.33 crore) operating in the Auto sector.
HSBC Global Research shared positive outlook on Indian oil marketing companies, noting that lower Brent prices and a bounce-back in auto fuel sales due to festive demand are supporting the profitability of Indian Oil Corp., Bharat Petroleum Corp., and Hindustan Petroleum Corp. .
While major oil and gas exploration companies like Oil and Natural Gas Corp. and Vedanta Ltd. have seen their oil and gas production decline due to mature fields in recent years, service provider Deep Industries has seen substantial growth.
Shares of Nykaa parent FSN E-Commerce Ventures Ltd. rose nearly 6% even after a muted quarterly update as the retail company{sin-quite}s customer base and total sales value remained positive. The online beauty and fashion retailer posted a 5% decline in profit to Rs 12.97 crore in the quarter ended September, in comparison with Rs 13.6 crore in the year-ago period.
NIM has come down to 2.80%. However, I clarify again, our domestic NIM is at a healthy number of 3.14%. So, definitely there has been some impact with the rising cost of deposit. The NIM has been impacted and also yield on advances are flat, that is one of the basic reasons. And as regards the RBI circular on penal interest, so now we have to book under the penal charges," says Rajneesh
Shares of Tata Power Company Ltd. traded 2.69 per cent in Tuesday{sin-quite}s session at 01:08PM (IST). The stock opened at Rs 431.55 and has touched an intraday high and low of Rs 436.25 and Rs 418.50, respectively, during the session so far.
Metals, auto ancillaries, PSU banks, internet and IT services are among the sectors currently offering the best risk-reward balance to investors, according to Venkatesh Balasubramaniam, managing director and co-head of research at JM Financial Services Ltd
Shares of Avenue Supermarts Ltd. 0.47 per cent to Rs 3868.00 in Tuesday{sin-quite}s trade as of 01:02PM (IST) even as the benchmark Nifty ruled at 24024.35, 116.96 points.
After opening in green, Indian benchmark equity indices Sensex and Nifty dropped on Tuesday, dragged by losses in banking and auto stocks, extending three consecutive days of declines driven by concerns over weak earnings and foreign outflows.
The upcoming assembly elections in Jharkhand and Maharashtra could produce results in line with the pattern seen in these states during the 2024 Lok Sabha elections, according to author and global investor Ruchir Sharma. In an interview with India Today, Sharma noted that Indian elections see a recurring pattern emerge when state elections follow the Lok Sabha elections within a year.
As the debate over Maharashtra{sin-quite}s industrial future intensifies, a popular narrative has emerged suggesting that Maharashtra is losing its edge to Gujarat due to alleged Central favoritism, said Hitesh Jain, managing partner of Parinam Law Associates and vice president of BJP Mumbai Pradesh.
After a high-profile IPO launch last week, the shares of food delivery company Swiggy will debut on the exchanges on Wednesday. Ahead of the listing, the company{sin-quite}s shares are trading with a GMP of Rs 1 in the grey market, indicating a 0.26% premium over the issue price.
With Q2 earnings season already turning out to be the worst since March 2020, Sunil Tirumalai, Chief GEM Equity Strategist at UBS, says chances of further earnings cuts are higher than earnings increases.
The SME IPO of Mangal Compusolution will open for subscription today and will close on November 14. The company aims to raise Rs 16 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
Sagility India shares made their debut on the exchanges on Tuesday, listing at Rs 31.06 on the BSE and NSE, a 3.5% premium over the issue price of Rs 30
Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump
Rise With Profit: IT Notices On Bogus Refund Claims, RBI Framework On FPI Classification | Podcast
Benchmark indices closed flat in highly volatile trade on Monday as continuous FII selling, disappointing quarterly earnings and weak trends from Asian markets dented investor sentiment.
Oil prices were little changed in early trading on Tuesday, awaiting further price direction from OPEC{sin-quite}s monthly report after China{sin-quite}s stimulus plan and oversupply concerns took the wind out of markets in prior sessions.
Gold hovered near a one-month low on Tuesday as investors looked forward to U.S. economic data and comments from Federal Reserve officials for further clarity on the interest rate trajectory.
The U.S. dollar traded close to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration.
Tesla options draw {sin-quite}euphoric{sin-quite} trading as Trump win fires up stock
The Dow Jones Industrial Average notched a record high close on Monday, lifted by bank stocks that benefited from optimism about Republican President-elect Donald Trump{sin-quite}s expected fiscal policies.
Few trading sessions back, the street was focused on auto stocks. A small miss in Q2 earnings and the stocks would decline sharply. On Monday, however, when a large automaker announced lower-than-estimated Q2 earnings, the stock still moved higher. The reason: Future projections were positive. Now understand this: The stock’s upmove is a reflection of market sentiment and promise. The management narrative, even if overly optimistic, is about fundamentals. And it is fundamentals which deliver earnings. So whether the Nifty is at X or Y levels is of little relevance if one is investing. What matters is the business – specifically its earnings.
Investors are piling into bullish options bets on Tesla shares, with the stock hitting its highest level in more than two years on bets that CEO Elon Musk{sin-quite}s close ties to President-elect Donald Trump may benefit the electric car maker.
Asia’s benchmark equity index crept higher early Tuesday after US stocks rose for a fifth session. Bloomberg’s dollar index held near a one-year high as traders bet the currency will benefit from President-elect Donald Trump’s agenda.
Asia’s benchmark equity index crept higher early Tuesday after US stocks rose for a fifth session. Bloomberg’s dollar index held near a one-year high as traders bet the currency will benefit from President-elect Donald Trump’s agenda.
Look out for Oil & Natural Gas Corp., Hindalco Industries Ltd., L&T Technology Services Ltd., Rail Vikas Nigam Ltd. and Britannia Industries Ltd. in trade on Tuesday.
Markets regulator Securities and Exchange Board of India (SEBI) has issued a fresh warning to investors about the growing number of unauthorized entities offering financial services through platforms and apps.
The initial public offering of online food and grocery delivery platform Swiggy Ltd. is set to open on Nov. 6. Ahead of the launch, the much-awaited mainboard issue has been garnering significant traction in the unlisted market. The GMP trend of Swiggy IPO indicated a listing gain of 5.13%, even before the shares opened for subscription. According to InvestorGain, Swiggy{sin-quite}s IPO GMP stood at Rs 20 a
Indian oil marketing companies, including Hindustan Petroleum Corp., Bharat Petroleum Corp., and Indian Oil Corp., have been issued a positive outlook by Citi, citing a compelling risk-to-reward scenario, favourable valuations, and stable market conditions that make these OMCs attractive following the recent corrections
Bitcoin has once again captured the global spotlight by soaring to an all-time high, surpassing $68,000 and reaching a market capitalization that exceeds $1.3 trillion—equivalent to some of the world’s most powerful tech giants like Meta and Tesla. This surge has reignited debates among investors and analysts: Is this the beginning of sustained long-term growth or just another short-term rally set to correct itself? To answer this, it’s essential to explore the driving factors behind Bitcoin’s r ..
Even as the benchmarks are seeing the worst session in over four years, Indian stock market has not yet fully priced in the extent of the slowdown that could be on the cards, according to Bernstein Research.
Exide Industries Ltd.{sin-quite}s target price was cut by both Citi and Nuvama after the company{sin-quite}s second-quarter profit declined, missing analysts{sin-quite} estimates. The revisions also reflect the brokerages{sin-quite} concerns over moderating demand, higher-than-expected costs, and more cautious earnings growth projections in the near term.
Even as the benchmarks are seeing the worst session in over four years, Indian stock market has not yet fully priced in the extent of the slowdown that could be on the cards, according to Bernstein Research.
Technology-enabled business solutions and services provider Sagility India , has garnered Rs 945 crore from anchor investors ahead of its initial public offering which has opened for public subscription today.
In early trade on Tuesday (November 5, 2024), the rupee fell 2 paise to an all-time low of 84.13 against the U.S. dollar, as persistent foreign fund outflows and a muted trend in domestic equities dented investor sentiments.
Shares of Tata Power Company Ltd. traded at Rs 431.90 on BSE at 10:39AM (IST) on Tuesday, 0.67 per cent from previous close.
Shares of Raymond rose 4.5% to Rs 1,762.3 in Tuesday{sin-quite}s trade on BSE despite the conglomerate reporting a 63% fall in consolidated net profit to Rs 59.01 crore in Q2 of this fiscal against net profit of Rs 161.16 crore in the year-ago period.
NEW DELHI: MT Educare, Arman Financial, Ortin Labs, Axita Cotton and IRB InvIT Fund and others were among the stocks that touched their 52-week lows as of 10:28AM(IST)in Tuesday{sin-quite}s session.
ut I do think for people like us who look for individual opportunities rather than the market as a whole, it is starting to give us some opportunities to invest our money and we are active investors as the markets have come down," says Rajeev Agarwal, Doordarshi India Fund.
As almost half of NSE100 companies that have released their September quarter results have missed expectations by over 4%, global brokerage firm Bernstein has predicted a further decline in the Indian stock market, stating that the current market prices haven{sin-quite}t fully factored in the potential economic slowdown.
Stock markets declined in early trade on Tuesday (November 5, 2024) amid constant foreign fund outflows and cautious investors{sin-quite} sentiment ahead of the U.S. presidential elections and the Federal Reserve interest rate decision.
Domestic gold price stood at Rs 78,660 as of 9:30 a.m., according to the India Bullion Association. Following a rally lead by festive demand, price of the yellow metal has dipped. Ahead of the festive season, gold price had risen as much as Rs 81,500 on Oct. 23. It started declining from Oct. 31. Gold prices have held over the Rs 78,000 mark post the slip. The commodity continues to be a safe-pla
Motilal Oswal Financial Services has a buy call on Container Corporation of India with a target price of Rs 1050. The current market price of the stocks is Rs 847.45. Container Corporation, incorporated in 1988, is a large cap company with a market cap of Rs 51497.56 crore, operating in the logistics sector.
Markets Gold Price Falls Further, Global Prices At $2,727 Ahead Of US Elections ADVERTISEMENT Gold Price Falls Further, Global Prices At $2,727 Ahead Of US Elections Domestic gold price stood at Rs 78,660 as of 9:30 a.m., according to the India Bullion Association. Ann Jacob 05 Nov 2024, 10:09 AM IST Markets Gold Price Falls Further, Global Prices At $2,727 Ahead Of US Elections
Indian benchmark equity indices traded sharply lower on Monday, weighed down by banking, financial, and IT stocks, as caution prevailed among investors ahead of the U.S. presidential election and the likelihood of further interest rate cut by the Federal Reserve.
Although the outcome of the US presidential election remains too close to call, markets seem to be preparing for a Donald Trump victory and a Republican sweep on November 5.
Several brokerages have upgraded the target prices of various stocks over the past month. According to Trendlyne data, 10 stocks, including TCS, Infosys, HCL Technologies, HDFC Bank, and ICICI Bank, have received up to nine target price upgrades from analysts in the last month. Here is a list of these stocks:
Brokerage firms have weighed in on top companies, with Kotak Securities upgrading M&M and highlighting recovery prospects in the tractor industry. Jefferies remains bullish on Nykaa, praising its growing influence in India’s beauty market. Meanwhile, JPMorgan and UBS offer insights on Sun Pharma{sin-quite}s legal hurdles, projecting potential outcomes for its specialty drug launch.
Niva Bupa Health Insurance Company will launch its Rs 2,200 crore initial public offering (IPO) on November 7, with a price band of Rs 70-74 per share.
Apollo Hospitals Enterprise shares will be in focus on Monday after India{sin-quite}s largest private healthcare provider on Friday announced major expansion plans in Worli, Mumbai and Lucknow with a total investment of Rs 1,625 crore over the next four years.
The next one year will be a stock pickers market and we may see a lot of sector rotation as well,” says Siddarth Bhamre, Head of Research, Asit C Mehta Investment Interrmediates Ltd.
Indian market is likely to trade lower on Monday tracking muted global cues. Benchmark indices started Samvat 2081 on a positive note in the special Diwali mahurat trading session on Friday.
It will be another busy day in the second quarter earnings season with as many as 47 companies set to release their financial performance report on Nov. 4. The companies releasing their Q2 earnings on Monday include Indian Railway Finance Corp., Indian Railway Catering And Tourism Corp., and Raymond Ltd.
Shares of Sun Pharmaceuticals fell by 3.62% in an early trading session to Rs 1,791.15 on BSE after the firm announced on Saturday that the US District Court of New Jersey has granted a preliminary injunction preventing it from launching its new drug, Leqselvi, until further legal developments or the expiry of the patent at the center of the
Welcome to the ONGC Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of ONGC, including: Last traded price 263.95, Market capitalization: 333817.71, Volume: 3368044, Price-to-earnings ratio 7.56, Earnings per share 35.08. Our liveblog offers a complete overview of ONGC through a blend of fundamental and technical
Join us on the Cipla Stock Liveblog, your hub for real-time updates and comprehensive analysis on a prominent stock. Stay in the know with the latest information about Cipla, including: Last traded price 1575.5, Market capitalization: 127086.82, Volume: 2093488, Price-to-earnings ratio 28.4, Earnings per share 55.41. Our liveblog provides a well-rounded view of Cipla by incorporating both
Welcome to the Infosys Stock Liveblog, your ultimate source for real-time updates and analysis of one of the most prominent stocks in the market. Stay on top of the game with our comprehensive coverage, featuring the latest details on Infosys stock, including: Last traded price 1751.0, Market capitalization: 725089.4, Volume: 4383622, Price-to-earnings ratio 26.91, Earnings per share 64.9. Get a holistic view of Infosys
ACC Ltd on Thursday reported a 48% year-on-year (YoY) fall in its consolidated net profit at Rs 200 crore in the second quarter. The same stood at Rs 388 crore in the last year quarter.
ACC Ltd on Thursday reported a 48% year-on-year (YoY) fall in its consolidated net profit at Rs 200 crore in the second quarter. The same stood at Rs 388 crore in the last year quarter.
ACC Ltd on Thursday reported a 48% year-on-year (YoY) fall in its consolidated net profit at Rs 200 crore in the second quarter. The same stood at Rs 388 crore in the last year quarter.
Boeing Co. factory workers rejected a new labor contract that would have increased their wages by 35% over four years, dealing a blow to the embattled aircraft manufacturer as it tries to overcome a crippling work stoppage.
Diwali is just around the corner, and so is the special Muhurat trading session, a unique tradition where the stock market remains open for one hour to mark the beginning of the Hindu calendar year, Samvat 2081. While markets are typically closed on most festivals, Diwali is an exception. This session, held under the vibrant glow of diyas and colorful rangoli patterns, is deeply rooted in astrology. The belief
Minister for Information Technology, Electronics and Communications, and Human Resources Development Nara Lokesh is going on a week-long visit to the USA beginning October 25 to attract investments. According to an official release, Mr. Lokesh will first participate as a special guest in the 2024 Synergy IT Serve Alliance Annual Conference scheduled to be held at Caesars Palace in Las Vegas on October 29 and 30.
Shares of the Cholamandalam Investment & Finance Company Ltd. traded at Rs 1404.8 on BSE at 12:52PM (IST) on Thursday, down 0.34 per cent from previous close
Shares of Bandhan Bank Ltd. fell 0.27 per cent to Rs 181.75 at 12:58PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session.
The share price of GAIL (India) Ltd. gained 0.21 per cent to Rs 212.6 at 12:22PM (IST) in Wednesday{sin-quite}s trade. The scrip has hit a high of Rs 215.2 and low of Rs 208.1 so far during the session. The stock had closed at Rs 212.15 in the previous session. Bandhan Bank stock price down 0.27 per cent as Sensex slides
The market has been experiencing some turbulence recently, which might be causing concern for many investors, especially those focused on mid and smallcap stocks.
Adani Green Energy Ltd., Hindustan Unilever Ltd., and TVS Motors Ltd. are on the radar of brokerages on Thursday on the back of earnings and business updates. Emkay noted Adani Green Energy{sin-quite}s strong second-quarter results, driven by an increase in consolidated Ebitda, alongside management{sin-quite}s optimistic capacity commissioning estimates. Meanwhile, HUL is facing mixed reviews; while Jefferies maintai
Shares of United Spirits are likely to remain in focus after the company on Wednesday posted a marginal rise in its Q2 profit after tax (PAT) at Rs 341 crore against Rs 339 crore reported in the corresponding period of the previous financial year.
The rupee stayed flat at 84.07 against the U.S. dollar in early trade on Thursday (October 24, 2024) amid elevated crude oil prices and continuous withdrawal of foreign funds from the capital market. However, the local unit found some cushion as the dollar retreated from its higher level while the domestic equity markets indicated a recovery, forex traders said.
Ahmedabad residents now have a direct flight option to Da Nang, Vietnam. Vietjet Air has launched a new route between Da Nang, Vietnam, and Ahmedabad, and the new service will operate two round trips per week. The flights will utilise Airbus A320 aircraft, each accommodating 180 passengers.
HDFC Securities has an add call on Mahindra & Mahindra Financial Services (Mahindra Finance) with a target price of Rs 288. The current market price of Mahindra & Mahindra Financial Services is Rs 267.85. The company, incorporated in 1991, is a largecap company with a market cap of Rs 33056.60 crore, operating in NBFC sector.
After witnessing profit booking on the higher levels yesterday, Gold December futures contracts at MCX on Thursday opened flat at Rs 77,971 per 10 gram, which is up by 0.2% or Rs 159 while silver December futures contracts were trading at Rs 97,450/kg, up by 0.51% or Rs 490.
With foreign institutional investors (FIIs) pulling out nearly Rs 82,000 crore from India this month, the flood of IPOs and QIPs sucking out liquidity and no support from a tepid earnings season, the festive month of October is turning out to be the worst one for Dalal Street since the Covid-led market crash in 2020.
After three sessions of losses on persistent foreign outflows and dull earnings, key equity indices Sensex and Nifty50 opened marginally higher on Thursday, led by index heavyweights HDFC Bank, Infosys, and Reliance Industries.
Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch is scheduled to appear before the Parliament{sin-quite}s Public Accounts Committee on Thursday (October 24, 2024) in what may turn out to be a stormy meeting following a senior BJP member{sin-quite}s accusation that political motivations are guiding the actions of the panel{sin-quite}s chairman and Congress MP K.C. Venugopal. Also read: ‘All allegations are false, malicious, and motivated’
Shares of Sona BLW Precision Forgings (Sona Comstar) jumped 10.5% to an intraday high of Rs 709.80 after the company’s board approved the acquisition of Escorts Kubota{sin-quite}s Railway Equipment Division for Rs 1,600 crore. Read more at:
As of October 23, there was a notable surge in futures open interest for four stocks in the NSE F&O pack, contributing to a total increase in open interest of over 10% as compared to the previous trade. A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.
The Indian market is expected to trade higher on Thursday, tracking positive global cues. The Nifty futures closed negative, with losses of 0.21% at 24,487 levels on Wednesday.
Shares of AU Small Finance Bank rallied 5% to an intraday high of Rs 682.90 on the BSE after the bank reported a 42% year-on-year (YoY) rise in net profit for the September quarter at Rs 571 crore, buoyed by the impact of its acquisition of Fincare Small Finance Bank.
Gold December futures contracts at MCX opened flat on Wednesday at Rs 78,545 per 10 gram, which is down by 0.14% or Rs 111 while silver December futures contracts were trading at Rs 99,505/kg, down by 0.46% or Rs 467.
After briefly opening in the red, domestic equity indices Sensex and Nifty50 surged on Wednesday, amid persistent foreign outflows and subdued earnings, led by index heavyweights HDFC Bank and the Bajaj twins.
After briefly opening in the red, domestic equity indices Sensex and Nifty50 surged on Wednesday, amid persistent foreign outflows and subdued earnings, led by index heavyweights HDFC Bank and the Bajaj twins.
Indian market is likely to edge higher on Wednesday tracking positive global cues. The Nifty future closed negative with losses of 1.06% at 24,525 levels on Tuesday.
Shares of Adani Energy Solutions fell by 4% in an early trade to their day’s low of Rs 975 on the BSE after the company received a show-cause notice (SCN) from the Securities and Exchange Board of India (SEBI) during the September quarter for the wrongful categorization of shareholders.
The shares of Coforge zoomed 10%, hitting their upper circuit at Rs 7,475.15 on the BSE after the company reported a profit after tax of Rs 233.6 crore for the second quarter ended September 2024, a 24.3% YoY jump from the corresponding quarter of the previous year.
The yuan skidded to an almost two-month low on Wednesday, squeezed by falling yields in China and rising yields in the U.S., and as traders grew nervous about the prospect of a Donald Trump presidency heralding heavy tariffs on Chinese exports. In morning trade China{sin-quite}s currency fell about 0.1% to 7.1341 per dollar, its weakest since late August.
As of October 22, there was a notable surge in futures open interest for three stocks in the NSE F&O pack, contributing to a total increase in open interest of over 5% compared to the previous trading session. A significant uptick in futures open interest signifies substantial growth in the number of active, unexpired futures contracts for a specific security. This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.
Qualcomm on Tuesday said it was teaming up with Alphabet{sin-quite}s Google to offer a combination of chips and software that will let automakers develop their own AI voice assistants using technology from the two firms.
(Bloomberg) -- Oil fell as a US industry group signaled a modest rise in nationwide crude inventories, and the Biden administration renewed efforts to secure a cease-fire in the Middle East, potentially easing tensions.
The decline in the second quarter net profit of CG Power and Industrial Solutions Ltd. is primarily due to a one-off impact from strategic investments, according to Managing Director and Chief Executive Officer Amar Kaul.
Home appliances maker Epack Durable Ltd. is poised to achieve a $1 billion topline over the next four years buoyed by its recent deal with Hisense India, according to the company’s Chief Executive Officer Ajay Singhania. Epack Durable Ltd., on Oct. 21, said it had signed a deal with Hisense India to manufacture air conditioners and other appliances, including washing machines and refrigerators, a
Diwali Investment Ideas: Gold vs Silver – Which is the best bet for 2024?
The banking sector is currently undervalued and facing challenges in the unsecured book of banks. However, these challenges are expected to diminish in the next few quarters as they are cyclical in nature,” says Naveen Kulkarni, Chief Investment Officer, Axis Securities PMS.
In the ongoing earnings season, Wednesday will be a busy day for D-Street as many big companies are scheduled to release their quarterly results for the July–September period of the current fiscal year. More than 70 companies are slated to release their second-quarter earnings report on Oct. 23.
Brokerage firms like Bernstein have an outperform rating on Paytm, while JPMorgan has an overweight rating on Bajaj Finance. Meanwhile, Nuvama has a buy rating, and Macquarie has an underperform rating on Zomato, respectively.
The Nifty Index opened flattish on Tuesday but bears were in full control right from the beginning of the session. The selling intensity increased in the second half and the index broke 24,450 zones.
The Nifty Index opened flattish on Tuesday but bears were in full control right from the beginning of the session. The selling intensity increased in the second half and the index broke 24,450 zones.
The worst phase for the microfinance sector is over and the third quarter of the current financial year will be better, according to Jana Small Finance Bank Managing Director and Chief Executive Officer Ajay Kanwal.
In a major action against Paytm Payments Bank (PPBL), the RBI had on January 31 directed it to stop accepting deposits or top-ups in any customer accounts, wallets, FASTags and other instruments, as it cited persistent non-compliance and continued material supervisory concerns
Business Adani Enterprises Forms Joint Venture {sin-quite}Smartport City{sin-quite} With Indoport Logistics ADVERTISEMENT Adani Enterprises Forms Joint Venture {sin-quite}Smartport City{sin-quite} With Indoport Logistics Smartport City aims to focus on the design, development, operation, and maintenance of airport cargo infrastructure, including integrated warehousing and warehouse management solutions. Heena Ojha 23 Oct 2024, 08:48
Shares of One 97 Communications-owned Paytm jumped 5% to an intraday high of Rs 722.50 on the BSE after the National Payments Corporation of India (NPCI) granted the company approval to onboard new UPI users, subject to adherence to all procedural guidelines and circulars.
Indian stocks were "tactically" downgraded to neutral from overweight by Goldman Sachs within its Asia/emerging market allocation, due to slower economic growth and corporate profits, it said. While the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets, strategists at the global brokerage said in a note on Oct. 23.
The initial public offer (IPO) of Godavari Biorefineries has opened for subscription on Wednesday. The issue will be available for bidding till October 25.
Indian stocks were "tactically" downgraded to neutral from overweight by Goldman Sachs within its Asia/emerging market allocation, due to slower economic growth and corporate profits, it said. While the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets, strategists at the global brokerage said in a note on Oct. 23.
Shares of Indus Towers are likely to be in focus on Wednesday after the Competition Commission of India (CCI) approved Bharti Airtel{sin-quite}s plan to increase its stake in Indus Towers, following the telecom infrastructure company{sin-quite}s share buyback. Shares of Indus Towers are likely to be in focus on Wednesday after the Competition Commission of India (CCI) approved Bharti Airtel{sin-quite}s plan to increase its stake in Indus Towers, following the telecom infrastructure company{sin-quite}s share buyback.
Rossari Biotech Ltd. group Chief Financial Officer Ketan Sablok attributed the spike in exports in the first half of the current financial year to a conscious call that the company made amid softening of demand in the domestic market
Goldman Sachs Group Inc. tactically lowered Indian equities to neutral from overweight as slowing economic growth dents the outlook for corporate earnings.
Stay up-to-date with the Cipla Stock Liveblog, your comprehensive source for real-time updates and detailed analysis on a prominent stock. Explore the latest information on Cipla, including: Last traded price 1509.7, Market capitalization: 121268.3, Volume: 788747, Price-to-earnings ratio 28.18, Earnings per share 53.29. Our liveblog provides a comprehensive overview of Cipla by integrating fundamental
Welcome to the HCL Tech Stock Liveblog, your real-time source for the latest updates and comprehensive analysis on a prominent stock. Dive into the current details of HCL Tech, including: Last traded price 1862.85, Market capitalization: 502787.87, Volume: 1045105, Price-to-earnings ratio 29.91, Earnings per share 62.01. Our liveblog offers a complete overview of HCL Tech through a blend of
Stay updated with the ITC Stock Liveblog, your one-stop destination for real-time information and analysis of a leading stock. Explore the latest updates on ITC stock, including: Last traded price 481.95, Market capitalization: 601552.96, Volume: 3776009, Price-to-earnings ratio 29.41, Earnings per share 16.35. Our liveblog combines fundamental and technical insights to offer a comprehensive overview of
Stay updated with the Kotak Bank Stock Liveblog, your one-stop destination for real-time information and analysis of a leading stock. Explore the latest updates on Kotak Bank stock, including: Last traded price 1770.4, Market capitalization: 351410.15, Volume: 970116, Price-to-earnings ratio 15.97, Earnings per share 111.13. Our liveblog combines fundamental and technical insights to offer a comprehensive overview of
Gujarat Fluorochemicals Ltd.{sin-quite}s subsidiary GFCL EV Products Ltd. raised Rs 1,000 crore from several marquee investors to expand battery chemicals business as transition to electric vehicles firms up. The fundraise values the unit at Rs 25,000 crore.
Shares of Bajaj Finserv are likely to remain in focus on Wednesday as the company will announce its September quarter earnings later today.
Karnataka has registered a robust Gross State Domestic Product (GSDP) growth of 10.2% in FY 2023-24, significantly surpassing the national average of 8.2%, according to data from the Ministry of Statistics and Programme Implementation (MoSPI). Karnataka achieved this despite severe challenges, including the worst drought in a decade and a slowdown in global IT markets, the State Government informed on October 21.
Shares of Tata Consumer Products fell 9.4% on Tuesday to their day’s low of Rs 991.50 on the BSE, as an 8% jump in net profit for the quarter ended September 2024—to Rs 364 crore (attributable to shareholders)—failed to impress D-Street investors. The profit figure was Rs 338 crore in the year-ago period.
https://www.fancode.com/cricket/matches/acc-mens-t20-emerging-teams-asia-cup-2024/pka-vs-omn/fantasy-dream11-predictions/110850
NEW DELHI: Fertilisers stocks were trading lower on Monday at 11:25AM Bohra Industries Ltd.(up 4.96%) and Southern Petrochemicals Industries Corporation Ltd.(up 1.28%) were among the top gainers.
Bohra Industries Ltd.(up 4.96%) and Southern Petrochemicals Industries Corporation Ltd.(up 1.28%) were among the top gainers. Mangalore Chemicals & Fertilizers Ltd.(down 3.07%), Agro Phos India Ltd.(down 2.41%), Paradeep Phosphates Ltd.(down 2.38%), Rama Phosphates Ltd.(down 1.99%), Nagarjuna Fertilizers and Chemicals Ltd.(down 1.84%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(down 1. ..
https://www.livemint.com/market/mark-to-market/sterling-wilson-order-book-renewable-energy-solar-panel-qip-epc-sterling-wilson-earnings-revenue-ebitda-11729230773862.html
https://www.canva.com/design/DAGFMVRWY-o/qqs_kvZj5edjK7gPwfWwrg/edit
The Directorate General of Civil Aviation (DGCA) released the summary of the approved Northern Winter schedule for domestic airlines in India. The regulator has approved a total of 25,007 weekly flights, which is an increase of 3.2 per cent over the concluding summer schedule and a 5.3 per cent increase over the previous winter.
Shares of Infosys, the country{sin-quite}s second-largest IT company, tumbled 5% in trade on Friday, October 18 to ₹1,869 after investors were disappointed with the lower-than-expected Q2 FY25 results and revenue guidance given by the IT bellwether.
It is not usual for Indians settled well abroad to seek to return to India. But recently, a social media user earning ₹80 lakh per annum in Europe has sparked a debate about whether taking a lower-paying job in India{sin-quite}s Bengaluru is worthwhile.
The Premium Plast IPO subscription period commences on Monday, October 21, and concludes on Wednesday, October 23. The price band for each equity share in the Premium Plast SME IPO is established at ₹46-49, with a face value of ₹10. Following this, bids can be made in multiples of 3,000 equity shares, with a minimum bid of 3,000 equity shares.
On October 17, three stocks from the mid-cap pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 50 from below.
Bikaji Foods International Ltd. will fund its recent stake acquisition in quick service restaurant chain, The Hazelnut Factory Food Products Pvt., through internal accruals, Chief Financial Officer Rishabh Jain said.
Shares of companies like the Bombay Stock Exchange (BSE) and Adani Energy among 6 stocks are likely to be included in the MSCI India Standard Index as part of its rebalancing, according to a report by domestic brokerage firm JM Financial.
Shares of Federal Bank Ltd. traded at Rs 193.45 on BSE at 11:50AM (IST) on Friday, down 0.05 per cent from previous close.
Shares of Shree Cements Ltd. traded 0.14 per cent down at Rs 24224.3 at 11:56AM (IST) on Friday, even as BSE benchmark Sensex gained 31.48 points to 81038.09.
Srini Pallia, CEO, Aparna Iyer, CFO and Saurabh Govil, CHRO, Wipro in conversation with ET Now. CFO Iyer says that their guidance is based on the visibility that they have at the start of the quarter. The guidance is impacted by furloughs, fewer working days and softness in Europe. The large deals that we won also would take some time to ramp up. So, overall, the momentum seems good. Q3 is more about seasonality and hopefully they will bounce back in Q4.
Havells India shares fell 3.5% to Rs 1,762.9 in Friday’s trade on BSE after reporting a 7.5% YoY increase in profit after tax (PAT) to Rs 267.77 crore for the quarter ended September 2024, compared to Rs 249.08 crore in the same period last year.
The shares of Mazagon Dock Shipbuilders have rallied around 4% to today’s high of Rs 4,395 on the BSE after the company announced it will consider the declaration of an interim dividend and a split of equity shares at its Board of Directors meeting scheduled for October 22.
So, definitely a huge blow for the parent company as well and Asirvad per se forms almost over 20% of the profitability for Manappuram and almost 9% of its net worth. So, we will definitely see EPS downgrades in the near future for the parent company as well," says Shweta Daptardar, Elara Capital.
NEW DELHI: Vodafone Idea(number of shares traded: 13.05 crore), Manappuram Finance(number of shares traded: 5.60 crore), JP Power(number of shares traded: 4.65 crore), Zomato(number of shares traded: 4.15 crore), YES Bank(number of shares traded: 2.69 crore), Wipro(number of shares traded: 2.35 crore), GTL Infra(number of shares traded: 2.24 crore), Filatex Fashions(number of shares traded: 1.89 crore), Reliance Power(number of shares traded: 1.70 crore) and Suzlon Energy(number of shares traded: 1.51 crore) were among the most traded securities on the National Stock Exchange at 11:24AM in Friday{sin-quite}s session.
Tata Chemicals shares fell 3.2% to Rs 1,039 in Friday{sin-quite}s trade on the BSE after the firm reported a 54.67% decline in consolidated net profit to Rs 194 crore for the second quarter ended September 2024. The company{sin-quite}s net profit stood at Rs 428 crore during the corresponding period of the previous fiscal year.
China{sin-quite}s central bank kicked off two funding schemes on Friday, that will initially pump as much as 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy tools.
The rupee slipped 1 paisa to 84.07 against the US dollar in early trade on Friday, as the weakening American currency failed to support the local unit amid negative domestic equity markets and higher crude oil prices. Forex traders said the unabated outflow of foreign funds also weighed on the domestic unit.
Shares of HEG Ltd fell by 5% to their day’s low of Rs 488.10 on BSE today after the stock started trading on an ex-split basis as the company had announced October 18 as the record date for their 1:5 stock split.
Two JSW Energy Ltd. subsidiaries have signed power purchase agreements with Maharashtra State Electricity Distribution Co. for 1,200 megawatt solar-wind hybrid capacity. JSW Renew Energy Six Ltd. and JSW Renew Energy Thirty Ltd. signed the deals for two hybrid projects, each with a capacity of 600 MW, according to an exchange filing on Friday.
Shares of HEG Ltd fell by 5% to their day’s low of Rs 488.10 on BSE today after the stock started trading on an ex-split basis as the company had announced October 18 as the record date for their 1:5 stock split.
Shares of Bank of Baroda rose 0.72 per cent to Rs 243.55 at 10:59AM hours (IST) on Friday. Earlier in the day, the stock saw a gap down start to the session.
Asit C. Mehta brokerage firm has initiated coverage on the life insurance industry, highlighting its strong growth potential despite recent regulatory challenges and shifting consumer preferences.The sector continues to expand, driven by rising demand, increasing financial literacy, and regulatory efforts to boost product awareness
Polycab India shares fell nearly 7% to Rs 6,611.4 in Friday{sin-quite}s trade on BSE after the company reported a 3.5% rise in its consolidated net profit year-on-year (YoY) at Rs 445 crore in the September 2024 quarter. It had reported a net profit of Rs 429.77 crore during the same period a year ago.
Ceat Ltd.{sin-quite}s share price declined 7% to its lowest in nearly two months as net profit declined in the July–September quarter and margins took a hit due to high rubber prices and employee costs. The tyre manufacturer{sin-quite}s net profit fell 42% to Rs 121.5 crore in the quarter ended Sept. 30. Analysts{sin-quite} consensus estimates compiled by Bloomberg projected Rs 142 crore.
Shares of Bengaluru-based IT major Wipro on Friday rallied up to 4% to day{sin-quite}s high of Rs 550.55 on BSE after surprising Street with 21.3% year-on-year (YoY) jump in net profit to Rs 3,209 crore for the quarter ended September 2024.
nformation technology major Infosys Ltd. remains the top pick in the sector for brokerages on expectations of being the growth leader. The optimism follows the company{sin-quite}s second quarter results where it raised the revenue forecast for fiscal 2025.
China{sin-quite}s economy expanded at a slower-than-expected rate of 4.6% in the July-September quarter, the government said Friday (October 18, 2024). The latest data show the world{sin-quite}s second largest economy slowing from 4.7% annual growth in the previous quarter and falling short of the official target of “about 5%” growth for 2024, a figure that analysts consider ambitious without more aggressive measures to spur consumer demand and spur a recovery in the ailing property sector.
Two JSW Energy Ltd. subsidiaries have signed power purchase agreements with Maharashtra State Electricity Distribution Co. for 1,200 megawatt solar-wind hybrid capacity. JSW Renew Energy Six Ltd. and JSW Renew Energy Thirty Ltd. signed the deals for two hybrid projects, each with a capacity of 600 MW, according to an exchange filing on Friday.
FMCG company Tata Consumer Products is expected to report healthy growth in its second quarter sales, owing to solid show in new businesses, but the bottomline may fall due to higher depreciation and finance costs.
Hyundai Motor India Ltd.{sin-quite}s initial public offering has been subscribed 2.36 times so far on its third day on Thursday, with bids led by qualified institutional buyers. The IPO was subscribed 42% on its second day and 18% on the first day. The company has set a price band of Rs 1,865–Rs 1,960 per share for its three-day IPO, which is a pure offer for sale of 14.2 crore shares.
NEW DELHI: The Nifty Pharma index traded negative around 11:20AM(IST)on Thursday in a weak market. Zydus Lifesciences Ltd.(up 0.14 per cent) were among the top gainers.
CRISIL shares surged over 8% to Rs 5,184.5 in Thursday{sin-quite}s trade on the BSE after the firm reported a 12.9% year-on-year (YoY) increase in net profit, reaching Rs 171.55 crore for the quarter ended September 30, 2024. The company{sin-quite}s revenue from operations rose 10.3% YoY to Rs 811.8 crore.
India{sin-quite}s benchmark stock indices were trading lower through midday on Thursday, tracking a decline in HDFC Bank Ltd. and Bajaj Auto Ltd. share prices. As of 12:08 p.m., the Nifty 50 was trading 0.76% lower at 24,781.20 and the Sensex was trading 0.43% lower at 81,043.21.
Shares of Tata Power Company Ltd. rose 1.61 per cent to Rs 452.9 in Thursday{sin-quite}s trade. It hit an intraday high of Rs 462.7 and low of Rs 451.5, respectively, during the day.
The NSE Nifty Realty declined nearly 4% and was the worst performing sector on the National Stock Exchange on Thursday. Oberoi Realty Ltd., and Macrotech Developers Ltd. share prices dragged the indices the most. The market capitalisation of realty stocks on NSE declined Rs 2,364.54 crore to Rs 6.87 lakh crore as of 12:45 p.m.
The NSE Nifty Realty declined nearly 4% and was the worst performing sector on the National Stock Exchange on Thursday. Oberoi Realty Ltd., and Macrotech Developers Ltd. share prices dragged the indices the most. The market capitalisation of realty stocks on NSE declined Rs 2,364.54 crore to Rs 6.87 lakh crore as of 12:45 p.m.
Gold price rose to Rs 77,020 per 10 grams, according to Bullions Association as of 12:20 p.m., as the rally in the price of the yellow metal continued owing to growing demand during the festive season. The MCX iComdex Gold was also up 0.18% at 22,581.19 as of 12:58 p.m. Price of 10 grams of 24 carat gold stood at Rs 75,920 in Mumbai. While, it stood at Rs 75,550 in Delhi as of 12:53 p.m. The met
Shares of IT companies like Mphasis and Tech Mahindra on Thursday surged up to 5.5% on the NSE ahead of the second quarter results of major IT firms Infosys, Wipro and LTIMindtree, which are due later in the day.
Amid mixed global cues, Indian blue-chip equity indices Sensex and Nifty50 traded in the red for the third consecutive day on Thursday. However, despite the market downturn, five small and midcap stocks from the Nifty 500 index reached new 52-week highs. Here{sin-quite}s the list: Getty Images
Nestle India Ltd.{sin-quite}s share price dropped 4% on Thursday after the company reported a marginal decline in its net profit for the July to September 2024 quarter. The company posted a net profit of Rs 899.5 crore in Q2, marking a 0.9% year-on-year dip from Rs 908 crore in the year-ago period.
Nestle India Ltd.{sin-quite}s share price dropped 4% on Thursday after the company reported a marginal decline in its net profit for the July to September 2024 quarter. The company posted a net profit of Rs 899.5 crore in Q2, marking a 0.9% year-on-year dip from Rs 908 crore in the year-ago period.
Shares of Bajaj Holdings & Investment Ltd. slipped 2.09 per cent to Rs 10327.7 in Thursday{sin-quite}s trade as of 01:58PM (IST). It hit a high of Rs 10539.95 and low of Rs 10208.05 during the session.
Shares of Infosys Ltd., Mphasis Ltd., and Tech Mahindra Ltd. powered the Nifty IT index to be the sole gainer among 19 sectoral indices on the National Stock Exchange on Thursday. The gauge of information technology stocks gained as much as 1.6% intraday, compared to a 0.86% decline in the benchmark Nifty 50.
Shares of Infosys Ltd., Mphasis Ltd., and Tech Mahindra Ltd. powered the Nifty IT index to be the sole gainer among 19 sectoral indices on the National Stock Exchange on Thursday. The gauge of information technology stocks gained as much as 1.6% intraday, compared to a 0.86% decline in the benchmark Nifty 50.
o, that really has come to the fore right now. People are realising that this is going to end like a 2% to 5% kind of growth for which these kind of valuations are really not justified in the long run," says Mayur Milak, Asian Markets Securities.
Shares of Siemens Ltd. traded 3.03 per cent up at Rs 7741.0 at around 02:08PM (IST) on Thursday. The stock had closed at Rs 7983.05 in the previous session. Equity benchmark Sensex traded 544.29 points lower at 80957.07 around the same time.
Shares of Titagarh Rail Systems surged 8% to Rs 1,223.8 in Thursday{sin-quite}s trade after Morgan Stanley Asia Singapore Pte acquired a 0.57% stake (7.63 lakh shares) in the company through a bulk deal in the previous trading session. The purchase, valued at Rs 85.5 crore, was made at an average price of Rs 1,120 per share.
The Initial Public Offering (IPO) of Hyundai Motor India Limited, the Indian arm of South Korean automaker Hyundai, got fully subscribed on the third day of the bidding on Thursday (October 17, 2024). The ₹27,870 crore initial share sale got bids for 14,07,68,187 shares against 9,97,69,810 shares on offer, translating into 1.41 times the subscription, as per NSE data till 13:21 hours.
Foreign Portfolio Investors (FPIs) Societe Generale, Tiger Pacific Master Fund and UBS Principal Capital Asia reduced their holdings in Paytm owner One 97 Communications below 1% in the September ended quarter.
Stocks in Europe regained some lost ground on Thursday as investors eyed a dovish outlook on top of an expected European Central Bank interest rate cut during the day, while parsing a largely upbeat set of corporate earnings.
ccording to quick estimates of the economic think tank National Council of Applied Economic Research (NCAER), logistics costs in India ranged between 7.8% to 8.9% of GDP for the fiscal 2021-22
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Thursday{sin-quite}s trading session, five stocks witnessed a long unwinding. Here{sin-quite}s the list:
Japan{sin-quite}s Nikkei share average closed lower on Thursday, as chip stocks slid despite industry star TSMC reporting better-than-expected earnings, while investors waited for more earnings results from domestic and overseas firms for further direction.
State-owned Central Bank of India on Thursday posted a 51 per cent jump in profit at Rs 913 crore in the second quarter ended September 2024. The lender had earned a net profit of Rs 605 crore in the same quarter a year ago.
India and the United States are set to sign a Rs 32,000 crore deal for the acquisition of 31 predator drones, along with the establishment of a maintenance, repair, and overhaul (MRO) facility in India, news agency ANI reported. This deal will enhance the surveillance capabilities of the Indian armed forces. Some reports suggest that the total value of the contract could rise to Rs 34,500 crore.
RIL, Reliance Industries results:Most brokerages have cut earnings estimates for Reliance Industries (RIL) after the oil-to-telecom conglomerate{sin-quite}s quarterly results missed Street expectations, yet again, in the the July-September quarter (Q2) for financial year 2024-25 (FY25).
The Rs 27,870 crore initial public offer (IPO) of Hyundai India, which opened for subscription earlier today, has been subscribed by 8% in the initial hours of the bidding process.
Several stocks plunged in excess of 5 per cent in Mumbai trading on Tuesday even as equity benchmark BSE Sensex traded 167.95 points down at 81805.1 amid brisk selling in frontline bluechip counters
SpiceJet Ltd. has successfully settled a $23.39 million or nearly Rs 196 crore dispute with Aircastle (Ireland) Designated Activity Co. and Wilmington Trust SP Services (Dublin) Ltd. They reached a resolution for a reduced amount of $5 million and mutually agreed on the treatment of certain aircraft engines, thereby ending all ongoing litigation.
Shares of Ambuja Cements Ltd. traded 0.18 per cent up at Rs 589.65 on Tuesday at around 11:25AM (IST), while the benchmark BSE Sensex declined 215.61 points to 81757.44.
Major fast moving consumer goods companies saw earnings downgrades during the typical June-October monsoon period, despite India experiencing its best southwest monsoon since 2020. India received 934.8 millimetres of rainfall during the four-month season, surpassing the long period average of 868.6 millimetres, as per the India Meteorological Department. This increase in precipitation was expecte
HCL Technologies Ltd. is confident to deliver operating profit margin guidance of 18–19% because of cost-efficiency efforts, visibility of strong performance from software business, and new deal wins, Chief Executive Officer and Managing Director C Vijayakumar said. Last year, it delivered 18.2% EBIT margin. In the first half of the current financial year, HCLTech has met its own expectations. Th
Axis Bank Q2 results 2024 preview, date: Axis Bank is set to report its July-September quarter (Q2) results for financial year 2024-25 (FY25) on Thursday, October 17. Brokerages, on average, expect Axis Bank to report net profit growth in low double digits, on a year-on-year (Y-o-Y) basis, on the back of tepid loan growth and other income.
The merger of media assets of Reliance Industries and the India business of global media house the Walt Disney is expected to be complete by the end of the third quarter of this fiscal, according to a regulatory filing by billionaire Mukesh Ambani-led group.
TD Power Systems Ltd.{sin-quite}s share price rose in early trade on Tuesday after the company secured two large orders from two major international gas engine original equipment manufacturers, with a combined value of Rs 142 crore for the supply of gas engine generators.
This order includes the engineering procurement (EP) scope, covering design, engineering, supply, installation, testing, and commissioning of the 100 MLD desalination plant.
Brokerage firms, including ICICI Securities, JPMorgan, and Emkay initiated coverage on companies like Jana Small Finance Bank, L&T, Vedanta, and NALCO. These firms have been assigned "buy" or "overweight" ratings, with projected upsides ranging from 12% to 25%
A sharp jump in India{sin-quite}s retail inflation for September has prompted several economists to push back domestic rate cut bets to the first-half of 2025 from early December, with some citing growth as a bigger factor that could determine the timing of an interest rate reduction.
Budget carrier SpiceJet on Tuesday (October 15, 2024) said it has successfully settled a USD 23.39-million dispute with two aircraft lessors -- Aircastle and Wilmington Trust, days after amicably resolving a similar dispute with a US-based aircraft leasing firm, BBAM. Also read: SpiceJet says reached settlement on ₹413-crore dispute with Echelon Ireland Madison One
The share price of Shree Cements Ltd. gained 0.86 per cent to Rs 24805.0 at 12:01PM (IST) in Tuesday{sin-quite}s trade. The stock has hit a high of Rs 24863.6 and low of Rs 24646.3 so far during the session. The stock had closed at Rs 24593.15 in the previous session.
Stock Market LIVE Updates, Tuesday, October 15, 2024: Indian benchmark equity indices, off the day{sin-quite}s lows, were trading in the red, after a higher open on Tuesday. At 12 PM, the BSE Sensex was down 131 points, or 0.16 per cent, at 81,841.45, while the Nifty 50 was at 25,076, down 51.15 points, or 0.2 per cent.
The Tata Group will create 500,000 manufacturing jobs over the next five years across sectors such as semiconductors, electric vehicles (EVs), batteries, and related industries, Chairman N Chandrasekaran said on Tuesday. Speaking at a symposium organised by the Indian Foundation for Quality Management, Chandrasekaran highlighted the crucial role of manufacturing in India’s goal of becoming a developed nation.
hares of ICICI Lombard General Insurance Company Ltd. traded 0.93 per cent up at Rs 2108.15 at around 12:11PM (IST) on Tuesday. The stock had closed at Rs 2088.55 in the previous session. Equity benchmark Sensex traded 150.72 points lower at 81822.33 around the same time.
SpiceJet is facing a new insolvency case filed by aircraft lessor Aviator ML 29641 Ltd in the National Company Law Tribunal (NCLT) over unpaid rental dues totalling around Rs 58 crore. The case revolves around a lease agreement for a Boeing 737 aircraft signed on June 16, 2017, according to a report by Mint.
The Nifty Realty index closed on a positive note on Monday. Shares of Oberoi Realty Ltd.(up 4.1 per cent), Macrotech Developers Ltd.(up 3.48 per cent), Godrej Properties Ltd.(up 2.57 per cent), DLF Ltd.(up 1.93 per cent) and Sobha Ltd.(up 0.95 per cent) ended the day as top gainers in the pack.
Ahead of the release of September{sin-quite}s domestic inflation data, Indian blue-chip equity indices closed higher on Monday, driven by gains in banking and IT stocks.
Ahead of the release of September{sin-quite}s domestic inflation data, Indian blue-chip equity indices closed higher on Monday, driven by gains in banking and IT stocks.
As India{sin-quite}s biggest initial public offering (IPO) of Hyundai Motor India Ltd (HMIL) opens for public subscription on Tuesday, October 15, the excitement is shot through with caution. Hyundai hopes to ride high on India{sin-quite}s bullish market in which nearly 260 companies have raised over $9 billion so far in 2024. The IPO of India{sin-quite}s second-largest automaker after Maruti Suzuki is a complete offer for sale (OFS) of 14.2 crore shares by the Korean parent, and is priced in the range of Rs 1,865-1,960.
India{sin-quite}s benchmark stock indices, Nifty and Sensex, ended at over one-week highs on Monday, tracking the sharp gains in Infosys Ltd. and HDFC Bank Ltd. Market participants await earnings from Reliance Industries Ltd. and HCL Technologies Ltd. for cues. To get live updates on RIL Q2 earnings, click here. The NSE Nifty 50 ended 0.66% higher at 25,127.95, and the BSE Sensex closed 0.73% higher at 81,
The Indian market is likely to edge higher on Friday, tracking positive global cues. The Nifty futures closed positively with gains of 0.17%, reaching 25,126 levels on Thursday.
Tata Elxsi shares rose 2.8% on Friday to day{sin-quite}s high of Rs 7,980.30 on BSE after the company reported a 14% growth in its consolidated net profit, reaching Rs 229 crore for the second quarter, compared with Rs 200 crore in the same quarter last year.
The much-anticipated market debut of Hyundai Motor India is set to raise the stakes in the Indian auto industry, with competition expected to heat up, particularly in the passenger vehicle segment. The IPO is likely to push other listed auto players to innovate and elevate their product offerings.
Reliance Industries Ltd.{sin-quite}s consolidated Ebitda is expected to fall sequentially in the second quarter of financial year 2025, as per brokerages. The segment that is estimated to drag down the company{sin-quite}s financials this quarter is its standalone business that engages in the oil to chemicals, and oil and gas business. The company{sin-quite}s other major segments—retail and Jio are projected to see healthy gro
Indian benchmark equity indices Sensex and Nifty opened lower on Friday, dragged down by banking, financial, and IT major Tata Consultancy Services (TCS), which reported a quarterly profit miss, marking a lackluster start to the earnings season for local tech firms.
Shares of Kolkata-based private sector lender Bandhan Bank jumped 9% on Friday, reaching a day{sin-quite}s high of Rs 204.90 after the RBI approved Partha Sengupta as the bank{sin-quite}s MD & CEO.
Shares of TCS fell as much as 2.09 per cent at Rs 4,140 per share on the BSE in Friday’s intraday deals after the company posted a modest quarterly earnings for the second quarter of the financial year 2024-25 (Q2FY25).
A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment. This indicates that more traders are expecting the prices to decline and are creating short positions. In Friday{sin-quite}s trading session, five stocks saw fresh short positions being built. Here{sin-quite}s the list:
ICICI Securities has add call on Tata Consultancy Services Ltd. with a target price of Rs 4,840. The current market price of Tata Consultancy Services is Rs 4,171.05. Tata Consultancy Services, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 1512016.86 Crore) operating in IT Software
BlackRock Inc., Singaporean sovereign wealth fund GIC Pte and Capital Group are among those that have made bids to buy stock in Hyundai Motor India Ltd.’s $3.3 billion initial public offering, according to people familiar with the matter.
Tata Elxsi Ltd.{sin-quite}s net profit rose in the second quarter of fiscal 2025, beating estimates. However, brokerages are cautious on the stock due to concerns over growth in certain sectors and stretched valuations. Jefferies is skeptical on recovery of Tata Elxsi{sin-quite}s healthcare vertical, while HDFC Securities sees some recovery for the vertical by the end of the fiscal.
Shares of Punjab National Bank rose 0.19 per cent to Rs 103.75 at 11:05AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.
NEW DELHI: Several stocks plunged in excess of 5 per cent in Mumbai trading on Friday even as equity benchmark BSE Sensex traded 201.79 points down at 81409.62 amid brisk selling in frontline bluechip counters.
The Indian rupee dropped to a lifetime low against the U.S. dollar on Friday, pressured by concerns over the recent jump in oil prices and the exodus of foreign money from the nation{sin-quite}s equity markets.
What the market is doing now is waiting for those details. Are we going to get some significant fiscal action in other words because the issue of the Chinese economy here is weak consumer spending, weak consumer confidence, and of course a very soft property market," says Geoff Dennis, Independent EM Commentator
Cipla{sin-quite}s share price fell to its lowest level in over two months after China-based pharmaceutical company Jiangsu Hengru received approval to make Paclitaxel, generic version of BMS’ Abraxane. Abraxane{sin-quite}s generic contributes 6-7% to Citi Research{sin-quite}s earnings per share estimates excluding Revlimid for the next two fiscals. While the brokerage has maintained {sin-quite}buy{sin-quite} with target price of Rs 1,870, implyi
The debate over whether Delhi or Bengaluru offers a better startup ecosystem has been reignited by recent comments from Zomato CEO Deepinder Goyal. At a recent event, Goyal challenged the common belief that Bengaluru is essential for entrepreneurial success, suggesting that one doesn’t need to be based there to build a successful business. His remarks have sparked further discussion, with other industry leaders sharing their views.
Adani Green Energy Ltd. reported a 34% year-on-year increase in operational capacity in the first half of fiscal 2025, reaching 11,184 MW. This growth was driven by greenfield additions, including 2,418 MW of solar power and 450 MW of wind power plants. The company also noted a 20% YoY rise in energy sales, with 14,128 million units sold.
Shares of Info Edge (India) Ltd. gained 0.15 per cent to Rs 8312.7 in Friday{sin-quite}s trade as of 11:35AM (IST). It hit a high of Rs 8351.9 and low of Rs 8258.6 during the session.
Share price of Godrej Consumer Products Ltd. gained 0.17 per cent to Rs 1318.55 at 11:40AM (IST) in Friday{sin-quite}s trade. The stock hit a high of Rs 1329.8 and low of Rs 1311.9 so far during the session. The stock had closed at Rs 1316.3 in the previous session.
Shares of Marico Ltd. traded 0.89 per cent higher in Friday{sin-quite}s session at 11:46AM (IST). The stock opened at Rs 682.05 and has touched an intraday high and low of Rs 691.2 and Rs 680.9, respectively, during the session so far.
Shares of Ambuja Cements Ltd. gained 0.69 per cent to Rs 589.5 in Friday{sin-quite}s trade as of 10:44AM (IST). The stock hit a high price of Rs 592.9 and low of Rs 586.0 during the session.
With the detailed forensic audit at Bandhan Bank Ltd. by National Credit Guarantee Trustee Co. now complete, and the RBI approval of the leadership change at the bank, brokerages are bullish on outlook for the bank. Bandhan Bank Ltd. said on Thursday that it will receive a payout of Rs 314.68 crore from the NCGTC following the completion of a forensic audit. The revised amount considers exclusion
Online marketplaces have witnessed sales of over Rs 54,500 crore in the first week of the festive period, accounting for nearly 55% of total sales projected during the next month or so. According to data from Datum Intelligence, e-commerce platforms have seen a growth of 26% in the first week, as compared to the same period in 2023.
Gold December futures contracts at MCX opened flat today at Rs 75,063 per 10 gram, which is up by 0.17% or Rs 129 while silver December futures contracts were trading at Rs 89,157/kg, up by 0.32% or Rs 285.
The Indian market is buzzing with anticipation for the biggest ever IPO from Hyundai Motor India as the company plans to raise around Rs 27,870 crore through the offering. =
The Indian rupee opened stronger on Thursday as the dollar index cooled, with investors awaiting key US CPI inflation data. The currency strengthened by 2 paise to open at 83.94 against the US dollar on Thursday, up from its Wednesday close of 83.96, according to Bloomberg.
Shares of Tata Technology Services Ltd., Tata Motors Ltd., Tata Chemicals Ltd. and group stocks of the conglomerate held steady after its former Chairman, Ratan Tata, passed away on Wednesday. The chairman emeritus of Tata Sons and a highly regarded Indian industrialist died at the age of 86. He led the Tata Group for around 21 consecutive years between 1991 and 2012.
Shares of Tata Group company Tata Technologies today surged 3.3% to day’s high of Rs 1,083.45 on the BSE despite securing a ‘reduce’ rating and a target price of Rs 950 (a potential downside of 9%) for the stock from domestic brokerage firm Axis Capital.
TCS Q2 Earnings Live: Tata Consultancy Services (TCS), a leading Indian IT company, is expected to report up to 7.7% year-on-year revenue growth for the September quarter, with estimates ranging between Rs 59,692 crore and Rs 63,944 crore, according to five brokerage firms. Net profit for the quarter is projected to be between Rs 11,342 crore and Rs 12,443 crore, reflecting a likely 8-10% increase
Benchmark equity indices climbed in early trade on Thursday (October 10, 2024) amid a firm trend in global equities and buying in banking stocks. Market participants will closely watch Q2 earnings season, starting with Tata Consultancy Services which is set to report its results later in the day, traders said.
The rupee rose 1 paisa to 83.95 against the U.S. dollar in early trade on Thursday (October 10, 2024) amid a firm trend in domestic equity markets and a weaker greenback against major overseas rivals. However, an increase in global oil prices and heavy foreign fund outflows capped further recovery in the domestic currency, according to forex experts.
The NSE Nifty 50 and BSE Sensex pared most gains from the morning, tracking declines in Infosys Ltd. and Trent Ltd.{sin-quite}s share prices. As of 11:47 a.m., the Nifty 50 was 0.17%, or 42.50 points higher at 25,024.45, and the Sensex was up 214.98 points, or 0.26% at 81,682.08.
Tata Sons{sin-quite} Chairman emeritus Ratan Tata{sin-quite}s passing has caused an outpour of anecdotes from the startup industry, an ecosystem he fondly nurtured and worked with. While the patriarch was responsible for the expansion of India{sin-quite}s biggest conglomerate, he also watered several startups when they weren{sin-quite}t sector leaders, such as Urban Company, CashKaro, BlueStone, CarDekho and Tracxn.
IT stocks have outclassed most sectoral peers delivering aggregate 13% returns at an index level in the past 3 months. Midcap counter Coforge and Infosys are among the leaders in the pack with a lone exception in Wipro, which has seen its share price erode.
