Top gainers & losers mid-day 27 Feb 2025: Shriram Finance, Bajaj Finance, Bajaj Finance, IndusInd, Axis bank led gains
Media, realty, IT and telecom stocks experiencing huge downturns, along with auto oil & gas, and FMCGs facing selling pressure, while banking stocks show resilience. The broader market traded in red as at 12.35 pm. Sensex slipped 29.02 pts or…
Religare Enterprises inducts four new board members
Religare Enterprises has appointed Abhay Kumar Agarwal, Arjun Lamba, Gurumurthy Ramanathan and Suresh Mahalingam as additional directors. They will be designated as Non-Executive and Non-Independent directors after approval of the RBI and shareholders of the company. The Board had also…
Muthoot Finance gets RBI approval to open 115 new branches
Finance and insurance corporation Muthoot Finance has received RBI approval to open 115 new branches, a stock exchange filing revealed. Granting permission, the Reserve Bank of India has asked Muthoot to provide details of the new branches. “The company is…
No meaningful upside for Nifty in short term amid expensive market: Kotak Institutional Equities
Foreign Institutional investors (FIIs) are expected to continue selling as the Indian equity markets still appear somewhat expensive, according to Kotak Institutional Equities. Pratik Gupta, CEO and Co-head at Kotak Institutional Equities, said that Nifty 50 remains somewhat expensive at…
Top gainers & top losers mid-day today 25th Feb: M&M, Bharti Airtel, Bajaj Finance, Adani Enterprises, Adani Ports lead gains
Shares of M&M, Bharti Airtel, Bajaj Finance, Adani Enterprises, and Adani Ports traded among top gainers of Nifty 50 pack, while Hindalco, Dr Reddy’s Laboratories, Trent, TCS, and Sun Pharma dragged. The stock market witnessed a mixed trend on Tuesday,…
Broker’s call: Tata Power (Hold)
Target: ₹345 CMP: ₹354.65 In our May 9, 2024, report Risk to pace of execution, we highlighted that Tata Power is a resilient organisation but that a run-up in stock price was pricing in execution of multiple projects and events…
Top gainers & top losers mid-day today 24th Frb 2025: Dr Reddy’s, M&M, Eicher Motors, Nestle, Tata Consumer shares gain, IT stocks drag
Shares of Dr Reddy’s Laboratories, Mahindra & Mahindra, Eicher Motors, Nestle India, and Tata Consumer Products traded among top gainers of Nifty 50 during intraday, while IT stocks dragged. On the flip side, Wipro, HCL Technologies, Infosys, TCS, and Bharti…
Wealth management space getting spicy with M&As
The asset and wealth management space has been warming up of late with merger and acquisitions. Last month, 360 One WAM (formerly IIFL Wealth Management) entered into a definitive agreement to acquire Batlivala & Karani Securities India Private Ltd and…
FPIs withdraw ₹23,710 cr from equities in Feb; total outflow at ₹1 lakh cr in 2025
Foreign investors have pulled out over ₹23,710 crore from the Indian equity markets so far this month, pushing total outflows past ₹1 lakh crore in 2025 amid rising global trade tensions. Going forward, V K Vijayakumar, Chief Investment Strategist, Geojit…
Broker’s call: Adani Energy Sol (Buy)
Target: ₹930 CMP: ₹669.60 Adani Energy Solutions (AESL) is set to post robust growth in its transmission, distribution, and smart meters businesses. Transmission EBITDA is likely to double to ₹7,600 crore by FY27, driven by India’s renewable energy (RE) target,…
Broker’s call: Kirloskar Brothers (Buy)
Target: ₹2,100 CMP: ₹1,747.60 Kirloskar Brothers Ltd (KBL) has posted a 19 per cent y-o-y revenue growth during the quarter, with a 23 per cent increase in the overseas business. Growth in the overseas segment was driven by strong performance…
Jio Financial, Zomato to enter Nifty from March 28
Jio Financial Services and Zomato will enter Nifty50 index in place of Britannia Industries and Bharat Petroleum Corporation Ltd (BPCL), said a release from the National Stock Exchange. Nifty Next50 will see inclusion of seven stocks: Bajaj Housing, BPCL, Britannia,…
Top Gainers & Top Losers Today 21st Feb 2025: Hindalco, Tata Steel, L&T shares gain mid-day, M&M, BPCL, Tata Motors, Adani Ports decline
Auto and pharma indices dipped about 2 per cent, dragging the broader index. Nifty 50 declined by 137.65 pts or 0.6 per cent to 22,775.50, and Sensex tumbled 470.21 pts or 0.62 per cent to 75,265.75 as at 1.06 pm. Top…
Markets end lower on US trade policy concerns; broader markets outperform
Stock markets closed marginally lower for the third consecutive session on Tuesday, with the benchmark Sensex falling 203.22 points or 0.27 per cent to 75,735.96, while the Nifty 50 declined 19.75 points or 0.09 per cent to close at 22,913.15,…
Waterfield Advisors secures $18 mn funding to expand wealth advisory services
Waterfield Advisors, an independent wealth advisory and multi-family office has raised $18 million in a funding round led by Jungle Ventures, a venture capital fund managing assets over $1 billion. This investment marks a significant milestone in Waterfield’s journey as…
Hexaware Technologies’ shares list at 5% premium
Hexaware shares debuted at ₹745.50, at a 5 per cent premium over the offer price band on the NSE and ended the day at ₹755.75. On the BSE the share listed at a 3.14 per cent premium at ₹731, and…
Top Gainers & Top Losers Today 19th Feb 2025: BEL, L&T, Axis Bank, Hindalco and NTPC lead gains, IT & pharma stocks face pressure
Shares of Bharat Electronics, Larsen & Turbo, Axis Bank, Hindalco, and NTPC emerged as top gainers among Nifty 50 constituents on Wednesday’s intraday trading session. While, Dr Reddy’s Laboratories, TCS, Hindustan Unilever, Adani Enterprises and M&M shares lagged. The broader…
SEBI proposes tighter security for investors’ trading accounts
The Securities and Exchange Board of India (SEBI) has proposed a SIM-binding mechanism to prevent unauthorised transactions in investors’ trading or demat accounts. This mechanism—similar to that of Unified Payments Interface (UPI) payments — will ensure that a user can…
Kuwait’s Boubyan Bank implements Intellect’s digital banking platform
Boubyan Bank, a leading Kuwaiti Islamic bank, has successfully completed the second phase implementation of Intellect Design Arena’s eMACH.ai Digital Transaction Banking (DTB) solution, the companies announced today. The new platform aims to enhance the bank’s transaction banking capabilities across…
Broker’s call: Senco Gold (Buy)
Target: ₹600 CMP:₹324.85 Senco Gold’s reported Q3 EBITDA missed our estimate by about 500bps. However, most of the miss was led by hedging loss in the current quarter and hedging gain in the base quarter, as the adjusted gross margin…
Airtel expands global network with SEA-ME-WE-6 cable landing in Chennai
Bharti Airtel, India’s major telecom provider, today completed the landing of the SEA-ME-WE-6 submarine cable in Chennai, following its earlier landing in Mumbai last December. The 21,700 Rkm cable system, engineered by SubCom, connects India to Singapore and France through…
Quality Power Electrical Equipments IPO: Should You Subscribe?
Quality Power Electrical Equipments (QPEE), a company specialising in power equipments and solutions across transmission and distribution (T&D), is out with its IPO which is open until February 18. The IPO is a mix of fresh issue and offer for…
Mcap: 8 of top-10 valued firms tumbles ₹2 lakh cr; Reliance biggest laggard
The combined market valuation of eight of the 10 most valued domestic firms eroded by ₹2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark…
Havells India: What Should Investors Do?
The recent Budget announcement has brought consumption into focus with the moderation of personal taxes. Consumer Durables is at the forefront of such a tilt. Havells India, a well-diversified Consumer Durables player, can be accumulated on dips for investors looking…
Whole-time members join race to become SEBI chief
At least two of the four current Whole-Time Members at the Securities and Exchange Board of India (SEBI) have applied for its top post upon the expiry of the term of current chairperson Madhabi Puri Buch, said two people familiar…
SEBI, ISF to revise disclosure norms for related party transactions
The Securities and Exchange Board of India (SEBI) will soon introduce revised disclosure norms for related party transactions (RPTs) for publicly listed companies, Chairperson Madhabi Puri Buch said on Friday. At the launch of a related party transactions (RPT) analysis…
GAIL and Cummins partner on green energy initiatives
GAIL (India) Limited, the country’s leading natural gas company, has signed a Memorandum of Understanding (MoU) with Accelera by Cummins to collaborate on sustainable energy projects and transition technologies in India. The agreement was formalized yesterday at the India Energy…
Rashmi Saluja, Executive Chairperson, Ceases to be director: Religare Enterprises
Religare Enterprises Ltd (REL), diversified financial services conglomerate, on Thursday said that its Executive Chairperson Rashmi Saluja has ceased to be a director of the company. Meanwhile, in another exchange filing said that it’s Board of Directors had at their…
RBI approves Temasek’s Zulia Investments to acquire 7% stake in AU Small Finance Bank
AU Small Finance Bank announced today that the Reserve Bank of India (RBI) has approved Zulia Investments Pte. Ltd., an indirect wholly owned subsidiary of Singapore’s Temasek Holdings, to acquire up to 7 per cent stake in the bank. The…
Volatility hits retail investors: NSE sees drop in active clients, demat accounts in January
In a battered market retail investor confidence is faltering as heightened volatility slows active client additions and new demat account openings. Data from the National Stock Exchange (NSE) reveals a significant drop in active investor numbers across major brokers, indicating…
article69209847 – The Hindu BusinessLine
Shares of Ircon International Ltd plunged to a 52-week low of ₹159.61 on Wednesday, trading down 6.92 per cent at ₹167.40 on the NSE at 10:50 AM, after the railway infrastructure company reported a steep decline in its third-quarter profits….
SEBI mandates separate units for brokers to trade G-Secs on NDS-OM
SEBI on Tuesday mandated brokers to establish a separate business unit (SBU) to trade in government securities (G-Secs) through the Negotiated Dealing System–Order Matching (NDS-OM). This follows the Reserve Bank of India’s announcement at the recent monetary policy briefing to…
Nykaa shares gain despite Q3 profit missing estimates; analysts remain bullish
FSN E-Commerce Ventures (Nykaa) shares traded at ₹170.67, up 0.73 per cent on NSE at 11.35 AM on Tuesday, even as its third-quarter net profit missed market expectations. Morgan Stanley maintained an ‘Overweight’ rating with a target price of ₹200,…
SEBI bans SME firm Kalahridhaan Trendz, directors from markets within a year of listing
Less than a year after its listing, the Securities and Exchange Board of India (SEBI) has barred Kalahridhaan Trendz, along with its managing director Niranjan D Agarwal and two others, from the securities market for alleged lapses in material disclosures…
Paytm partners with Agoda to launch hotel bookings on its app
India’s digital payments company Paytm has partnered with online travel platform Agoda to integrate hotel booking services on the Paytm app, the company announced today. The collaboration enables Paytm users to access Agoda’s accommodation options across domestic and international destinations….
NSE/BSE, Top Gainers & Top Losers Today 7 Feb 2025: Tata Steel, Bharti Airtel, Zomato surge; ITC, SBI slip
Share prices of Tata Steel Ltd., Bharti Airtel Ltd., Zomato Ltd., Mahindra & Mahindra Ltd. (M&M), and UltraTech Cement Ltd. emerged as the top gainers on Friday. Among the laggards were shares of ITC Ltd., State Bank of India (SBI),…
Markets end lower as RBI’s rate cut fails to impress; FIIs continue selling spree
Equity markets closed lower on Wednesday despite the Reserve Bank of India’s (RBI) first rate cut since May 2020, as investors remained concerned about global trade tensions and continued foreign institutional investor (FII) outflows. The BSE Sensex fell 197.97 points…
Movers & Shakers: Stocks That Will See Action This Week
Glenmark Pharmaceuticals (₹1,543.35) Attempting a U-turn The stock of Glenmark Pharmaceuticals, which has been in a downtrend since October last year, now seems to be turning its direction northward. It has found one support at ₹1,400 bouncing against which the…
BSE Shares: Surges 3% after Q3 profit doubles to ₹220 crore
Shares of BSE Ltd gained 3 per cent on Friday’s trade as its net profit doubled to ₹220 crore for the quarter ended December 2024, and revenue jumped 94 per cent to ₹835.4 crore. The stock closed 2.54 per cent…
Information ratio – One more tool to analyse mutual fund performance
The Securities and Exchange Board of India (SEBI) recently came out with a new disclosure regulation for mutual funds with regard to Risk Adjusted Returns, which should represent a more holistic measure of a scheme’s performance. It asked the fund…
Sonata Software shares plunge 19% on Q3 margin miss
Sonata Software’s shares tumbled up to 19 per cent to hit a 52-week low of ₹446.10 on February 7, 2025, following disappointing third-quarter margins despite beating revenue estimates. The stock was trading at ₹483.95, down 12.26 per cent at 11.50…
Titan Company (Buy) – The Hindu BusinessLine
Target: ₹4,026 CMP: ₹3,410.75 Titan Company’s Q3-FY25 print was in-line with our estimates while higher gold coin sales and lower studded have impacted margin. Console. Revenue/EBITDA grew at 25.2/7 per cent while PAT declined by 0.6 per cent respectively. Jewellery…
Sagility India shares hit upper circuit on strong Q3 performance
Shares of Sagility India Limited hit the 5 per cent upper circuit at ₹52.73 on NSE today, following the company’s announcement of robust third-quarter results for FY2024-25. The healthcare solutions provider reported a 67.6 per cent year-on-year surge in adjusted…
Brokerages profit, revenues to take a hit in FY25: CareEdge
Net profit of brokerages to hit by 400 basis points on account of various regulatory changes announced in the last few months said, a report by CareEdge Ratings. Per CareEdge Ratings’ latest research on stockbrokers, the industry’s revenues are likely…
ITC Hotels dropped from BSE Sensex ahead of trading
ITC Hotels Ltd has been removed from the BSE Sensex and 22 other BSE indices effective February 5, 2025, prior to market opening. The shares are now trading at ₹167.05 up by ₹2.40 or 1.46 per cent on the BSE…
Adani Power (Buy) – The Hindu BusinessLine
Target: ₹660 CMP: ₹506.55 Adani Power (APL) is India’s second-largest thermal power generation company after NTPC, on its journey to raise capacity by 1.7x from 17.6 GW to 30.7 GW by 2030. Land requirements and financing plans are in place….
Markets rally on trade relief as US pauses tariffs on Canada, Mexico
Indian equity markets opened higher on Tuesday, with the Sensex surging over 700 points and Nifty gaining nearly 1 per cent, as investor sentiment improved after the US delayed implementing tariffs on Canada and Mexico while maintaining them on China….
Crisil upgrades ratings of Krystal Integrated
Krystal Integrated Services Limited has received an upgrade in its credit rating from Crisil for its bank facilities. Crisil has upgraded its long-term rating to A-/stable from BBB+/positive and short-term rating to A2+ from A2. This reflects the company’s strong…
Q3 Results 2025 Live Today 3rd Feb: : Texmaco Rail, IRB Infra shares fall, Aditya Birla Capital, Bajaj Steel, Castrol India, Fortis Malar Hospitals, Panasonic Energy, Tata Chemicals, Thomas Cook India to announce Q3 results today
Results calendar: Power Grid Corporation, Divis Laboratories, General Insurance Corporation, Tube Investment, Sundaram Finance, Aditya Birla Capital, Premier Energies, KPR Mill, NLC India, Gland Pharma, Tata Chemicals, Poly Medicure, KEC International, Garden Reach Shipbuilders, Alembic Pharma, Castrol, DOMS Inds, HFCL,…
FPI equities sell-off intensifies amid Trump trade effect
The exodus of Foreign Portfolio Investors (FPIs) from Indian equity markets continued unabated in January 2025, with net outflows touching ₹78,027 crore, according to depositories data. Except for one session, FPIs remained net sellers throughout the month, as the Trump…
FPI tax on gains from bonds, debentures brought on par with listed equities
The Budget has raised the tax on long-term capital gains (LTCG) for listed bonds, debentures and listed preference shares to 12.5 per cent from 10 per cent for foreign institutional investors in line with listed shares and equity oriented mutual…
Less ammo deflates charged-up Defence stocks
After the stupendous rally in 2022-23, defence stocks ran out of favour in 2024. With several of the frontline defence stocks such as Hindustan Aeronautics Ltd, Mazagon Dock Shipbuilders, Bharat Electronics, Garden Reach Shipping and Engineers falling by up to…
Railway stocks: Titagarh, RVNL, RailTel, IRFC shares gain ahead of Budget
Shares of railway-related companies surged in early trade on Saturday, ahead of the Union Budget presentation for FY26. The stocks of Titagarh Rail Systems, Rail Vikas Nigam Ltd (RVNL), RailTel Corporation of India, RITES, Texmaco Rail, IRFC, BEML, Ircon International,…
Domestic institutions hold fort even as foreign investors shun equity
Mutual funds and insurance companies continue to hold fort at the equity market and manage to prevent a sharp fall even as the foreign portfolio investors (FPIs) are dumping their investments. FPIs have been withdrawing significant investments from the Indian…
L&T share price: gains 5% post Q3 show, Should you buy, sell or hold? Brokerages optimistic due to strong order inflow
Larsen & Toubro (L&T) shares gained nearly 5 per cent in early trade on Friday on posted a 14 per cent increase in consolidated profit after tax to ₹3,359 crore for the December quarter, and a 17 per cent rise…
Gen Z bulls: Young investors dominate market, half under 30
India’s stock market is witnessing a significant demographic shift, with nearly 50 per cent of new demat account holders since March 2020 being under 30 years, according to the latest National Stock Exchange (NSE) data. This surge has pushed the…
Tata Motors shares: Q3 results drag shares by 9%, Jefferies downgrade
Shares of Tata Motors slumped 9 per cent in early trade on Thursday on recording a 22 per cent decline in consolidated net profit to ₹5,578 crore in the third quarter ended December 2024, due to a dip in revenue…
Regulatory cap limits MF investors’ overseas gains
A regulatory ceiling on overseas investment have cost mutual fund investors dearly, especially in the last one year. Fund houses were directed to stop taking fresh subscriptions in schemes that invest in overseas securities from February 1, 2022, as the…
Bajaj Auto shares rally 2.65% despite mixed Q3 results
Bajaj Auto shares jumped 2.65 per cent or ₹222.60 to ₹8,621 on the NSE today at 10.35 am, following the release of its third-quarter results. The two-wheeler manufacturer reported a slight decline in net profit to ₹2,018.7 crore compared to…
Blackstone to file draft offer document for $700 mn REIT in February
Blackstone Inc is gearing up to file the draft papers for the launch of its office-based real estate investment trust (REIT) in India, sometime in February, sources said. With a size of $700-750 million, this will be the country’s largest…
Q3 Results: Kaynes Tech shares plunge 18% despite strong Q3 results
Kaynes Technology India shares tumbled 18.22 per cent to ₹4,308.40 on the NSE today at 10.10 am, wiping out ₹959.65 per share in value, despite reporting robust third-quarter results yesterday. The electronic manufacturing services company announced a 30 per cent…
Battle for Control: Danny Gaekwad bids to seize 55% stake in Religare, writes to REL Board
Florida-based businessman Danny Gaekwad has written to the Board of Religare Enterprises Ltd (REL) conveying his intent to launch a competing offer to the Burman Group’s open offer, which opened on Monday. The letter, received by REL on Monday, follows…
EaseMyTrip launches virtual battlefield tourism platform
EaseMyTrip, one of India’s leading online travel platforms, today launched EasyVijay, a new battlefield tourism initiative that combines physical travel packages with virtual reality experiences of historic battle sites. The service was unveiled on January 26, 2025, coinciding with India’s…
LIC MF launches Multi Asset Allocation NFO
LIC Mutual Fund has launched a dynamically managed Multi Asset Allocation Fund that will invest in equity, debt and gold. The New Fund Offer will close on February 7. The scheme aims to generate long-term capital appreciation by investing in…
Denta Water and Infra Solutions IPO receives overwhelming response, subscribed 221.52 times, raising ₹220.50 crore.
The ₹220.50-crore initial public offering of Denta Water and Infra Solutions saw an overwhelming response subscribing 221.52 times. The IPO, which came out with a price band of ₹279-294 a share, received bids for 116.30 crore shares against the offered…
Movers & Shakers: Stocks that will see action this week
Hindustan Unilever (₹2,368.90) At a long-term support The stock of Hindustan Unilever, since September last year, has been in a steady decline. In the second half of December, it formed a morning star pattern on the weekly chart, hinting at…
Q3 Results 2025 Live Today 25th Jan: ICICI, IDFC, Yes Bank, NTPC Green Energy, Orient Bell, JK Cement, Transport Corporation of India
3 results today live updates 25th January 2025: Find all the latest updates related to the FY25 Q3 results of ICICI Bank, IDFC Bank, Yes Bank, NTPC Green Energy, Orient Bell, JK Cement, Transport Corporation of India and a few…
Market tumbles as earnings concerns overshadow global optimism
The markets experienced a significant downturn on Friday, with benchmark indices losing ground amid persistent concerns over corporate earnings and market sentiment. The Sensex shed 329.92 points, closing at 76,190.46, while the Nifty 50 depreciated 113.15 points to settle at…
Market opens with volatility amid mixed global cues and earnings sentiment
The stock market opened with cautious trading on Friday, January 24, 2025, as investors navigated a complex landscape of global economic signals, corporate earnings, and institutional investor movements. The benchmark Sensex and Nifty indices showed initial volatility, reflecting the nuanced…
Pidilite Industries share price: gain 9%, ends 5% higher after Q3 earnings
Pidilite Industries stock gained 9 per cent on Thursday after reporting impressive growth volume in Q3 FY25. The stock closed 5.39 per cent higher on the NSE at ₹2,903.25, after hitting an intraday high of ₹2,997.20. The total market cap…
Tech stocks surge, market shows resilience amid global uncertainty
In a morning trading session marked by cautious optimism, the stock markets demonstrated resilience on Thursday, with benchmark indices marginally advancing despite ongoing global economic challenges and persistent foreign institutional investor (FII) selling. The Sensex opened at 76,414.52 and quickly…
Smallcase, an investment platform, aims for profitability in 2025 with growth strategies including onboarding research analysts and wealth managers.
Investment platform Smallcase expects to turn profitable in the current year as it eyes more growth in the amount transacted on the platform, its Founder and Chief Executive Officer, Vasanth Kamath told businessline. Launched in July 2016, a smallcase is…
Markets open higher on global tech rally, Trump’s softer tariff stance
Equity markets opened higher on Wednesday, tracking positive global cues after U.S. President Donald Trump’s indication of lower-than-expected tariffs on Chinese imports and renewed focus on AI investments boosted technology stocks worldwide. The Sensex opened higher at 76,114.42 compared to…
lumino Industries files IPO to raise Rs ₹1000 crore, specializing in power EPC industry, with major players as lead managers
Kolkata Lumino Industries, a major player in the power EPC industry, has filed its draft red herring prospectus with capital markets regulator SEBI to raise₹1000 crore through initial public offering. The IPO, with a face value of ₹5, is a…
Nazara Tech raises ₹495 crore from existing investors, triggers open offer
Axana Estates LLP will be taking an additional 5.4 per cent stake in Nazara Technologies for ₹495 crore, triggering an open offer for a further 26 per cent stake, the company said in a statement. Axana Estates’ designated partners include…
SEBI clears IPO applications worth Rs 5,000 crore, including Hexaware Technologies, with rising trend in fund raising
The capital market regulator SEBI has cleared six applications for initial public offering to cumulatively raise about ₹11,000 crore and returned the filings of Anand Rathi Share and Stock Brokers. Last December, Anand Rathi Share and Stock Brokers filed its…
Q3 Results Live Updates: Kotak Mahindra shares soar 10% following Q3 results, Zomato, Paytm, Apollo, L&T Finance, IOB, IDBI, Central Bank to announce Q3 results today
uarterly Results 2025, Q3 Results Today, Companies Q3 earnings announcement live updates: Find all the latest updates related to the FY25 Q3 results of Apollo, Zomato, Paytm, L&T Finance, IDBI Bank, Central Bank, IOB, Oberoi Realty, Newgen, Dixon, Supreme Industries,…
F&O Query: Should you hold put option on Sun Pharma and HUDCO?
I have bought one lot of Sun Pharmaceutical 1800-put option for ₹29.85. Also, I bought two lots of HUDCO 215-put option for an average price of ₹6.6. Both are January expiries. What should be my target and stop-loss for these positions? – Anish…
Technical Analysis: Balkrishna Industries, ICICI Lombard General Insurance and Indus Towers
Balkrishna Industries (₹2,704.40) Strong support ahead The stock of Balkrishna Industries has been gradually depreciating since August last year. But the price action indicates that the bears have lost traction in recent weeks. Going ahead, there is a possibility of…
Technical analysis: Asian Paints, Aarti Industries, Jai Corp and Electrosteel Castings
I have shares of Asian Paints bought at ₹3,075. Should I continue to hold the stock or exit? P Narayanan Nair Asian Paints (₹2,260): After oscillating in a wide sideways range for more than three years, Asian Paints share price has tumbled…
Capital Infra Trust InvIT ends flat on listing day
The units of Capital Infra Trust, an infrastructure investment trust (InvIT), made a flat market debut on Friday, listing at par with the issue price of ₹99. Later, it hit a low of ₹98.80 and a high of ₹99.49, before…
AI, robotics to drive job growth in India: World Economic Forum’s Future of Jobs Report 2025
Increased digital access, geopolitical tensions and climate-mitigation efforts are the primary trends expected to shape the future of jobs in India by 2030, according to the World Economic Forum’s Future of Jobs Report 2025. “Similar to their global peers, companies…
Q3 Results 2025 Live Updates: Wipro, Tech Mahindra, SBI Life Insurance, Jio Financial, Aether, ICICI Lombard General Insurance
3 Results 2025, Q3 Results Today, Companies Q3 earnings announcement live updates: Find all the latest updates related to the FY25 Q3 results of Tech Mahindra, Aether, Wipro, ICICI Lombard General Insurance, SBI Life Insurance and few more companies. ALL…
Broker’s call: HCL Tech (Buy)
Target: ₹2,180 CMP: ₹1,791.70 HCL Technologies (HCL Tech) reported revenue of $3,533 million, up 3.8 per cent q-o-q/4.1 per cent y-o-y in constant currency (CC) terms, missing our estimates of $3,561 million. Revenue in rupee terms stood at ₹29,890 crore,…
Q3 Results Live Updates: Infosys, Reliance Industries, Axis Bank, Hatsun, Havells, LTIMindtree & Spencers Retail
Gift Nifty at 23,400 signals another positive opening for Nifty. The focus has shifted to Q3 performance, as prominent companies such as Alok Industries, Axis Bank, BEPL, DB Corp, Hatsun, Havells, Infosys, Kesoram, LTI Mindtree, Mastek, Metrobrand and Reliance, among…
Broker’s call: Associated Alcohols (Buy)
Target: ₹1,755 CMP: ₹1,070.95 We initiate coverage on Associated Alcohols & Breweries Ltd (AABL), a thinly researched stock with a Buy and a TP of ₹1,755. Building on its strong legacy as a contract manufacturer for marquee brands, AABL is…
Q3 Results Today Live: HDFC Life Insurance, CEAT, DB International, Nelco, LTTS, MRP Agro and more to announce Q3 results
Q3 Results Today, Q3 Results 2025 earnings announcement live updates: Find all the latest updates related to the FY25 Q3 results of HDFCLIFE, CEAT, DBS and more
Adani stocks lead market rebound as IT, FMCG face pressure
Indian equity markets snapped their four-day losing streak on Tuesday, with Adani stocks leading the charge while technology and consumer goods companies faced significant selling pressure. The benchmark BSE Sensex closed 169.62 points higher at 76,499.63, while the Nifty 50…
Sensex, Nifty expected to open firm
India’s benchmark indexes are likely to open higher on Tuesday after closing at seven-month lows in the previous session, while IT company HCLTech will be in focus after reporting a smaller-than-expected quarterly revenue. The GIFT Nifty futures were trading at…
Medplus Health Services (Buy) – The Hindu BusinessLine
Target: ₹1,340 CMP: ₹811.20 Medplus Health Services Ltd (MHSL) is the second-largest player in India’s retail pharmacy segment, operating a robust network of 4,552 stores as of H1FY25 and holding an organised market share exceeding 10 per cent. Its store…
Standard Glass Lining listing today
Shares of Standard Glass Lining Technology Ltd will be listed at the stock exchanges on Monday after a blockbuster IPO subscription. The company has fixed the IPO price at ₹140, at the upper end of the price band of ₹133-140. According…
Broker’s call: Ceat (Add) – The Hindu BusinessLine
Target: ₹3,651 CMP: ₹3,089.50 Ceat seems well poised to ride the growth wave while prudently navigating the steep RM inflation trends. Demand outlook stays unchanged; high single to early double digit volume growth is likely in FY25. Going forward,…
Despite SEBI tightening regulatory norms, SME IPO frenzy continues
Notwithstanding the market regulator SEBI’s move to tighten regulations for IPOs on the SME platform, the issuances have been buoyant, with one IPO hitting the market daily in the last 10 days, and another four set to open for subscription…
Technical Analysis: Bharti Airtel, Dabur India and Schaeffler India
Bharti Airtel (₹1,615.10) About to break out Bharti Airtel’s stock has been trading in a narrow range for nearly a month. It has been oscillating between ₹1,570 and ₹1,625. Nevertheless, the broader trend is bullish and the stock retains a…
Can the monster of front-running ever be tamed?
Of late, instances of front-running scam have been on the rise. The market regulator has been unearthing case after case of front-running, including a recent one involving big fish Ketan Parekh. Front-running occurs when a trader or fund manager tries…
Broker’s call: Tata Elxsi (Reduce)
Target: ₹5,870 CMP: ₹6,003.15 Tata Elxsi reported a weak top-line performance (0.4 per cent q-o-q CC), as transportation vertical (55 per cent of revenue), which had been performing well despite industry-wide challenges since past three quarters, reported soft growth of…
Stocks that will see action today: January 10, 2025
Puravankara Ltd on Thursday said it has acquired 3.63-acre land parcel in Bengaluru to build a housing project with an estimated revenue of Rs 700 crore. The land parcel, located at Kanakapura Road, Bengaluru, will have a saleable area of…
Broker’s call: Patel Engineering (Buy)
Target: ₹76 CMP: ₹48.89 Patel Engineering (PEC) founded in 1949, is into construction of complex civil infra work like hydro power plant, tunnelling, Urban Infra, irrigation and others. It has seen multiple capex cycle in India, and currently has an…
Quadrant Future Tek IPO closes today
Quadrant Future Tek’s initial public offering (IPO) has been a huge success among retail and high-net-worth investors. The IPO, which closes today, has been subscribed 48.99 times so far. Retail investors, the most aggressive, saw their portion reserved for them…
Broker’s call: Clean Science & Technology (Buy)
Target: ₹1,703 CMP: ₹1,415.20 Clean Science & Technology Ltd (CSTL) is a leading specialty chemical company operating in over 35 countries, with more than 60 per cent of its revenue generated from exports. The company has strong technical capabilities,…
Quadrant Future Tek IPO: Retail investors make a beeline
The initial public offering of Quadrant Future Tek saw a tremendous response from all category investors, who subscribed 15.86 times. Retail investors made aggressive bidding, and the portion reserved for them was subscribed nearly 55 times. The ₹290-crore initial public…
Edelweiss Financial Services launches ₹100 crore NCD public issue with fixed coupons and green shoe option.
Edelweiss Financial Services has launched ₹100 crore public issue of secured redeemable non-convertible debentures of the face value of ₹1,000 each. The issue also has a green shoe option to retain another ₹100 crore, in case of oversubscription. The Issue…
Capital Infra Trust’s InVIT opens to public today at ₹99-100
Capital Infra Trust is launching an IPO for its infrastructure investment trust (InvIT) today. Capital Infra Trust has a fixed price band for InVIT at ₹99-100 per unit. The ₹ 1,578-crore initial share sale consists of fresh shares worth ₹1,077…
Broker’s call: Godrej Properties (Buy)
Target: ₹3,800 CMP: ₹2,616.15 In our recent interaction, Godrej Properties’ management reiterated that it remains confident of surpassing the FY25 pre-sales guidance of ₹27,000 crore. The recent capital raise will enable the company to maintain a high growth trajectory for…
Sensex, Nifty set for positive opening despite persistent FII sell-off
The domestic market is likely to begin the new week on a positive note. Gift Nifty 24,150 signals a positive opening of about 60 points for the Nifty. Vikram Kasat, Head – Advisory, PL Capital – Prabhudas Lilladher, said: market volatility…
F&O Strategy: Buy Adani Energy call
For the stock of Adani Energy Solutions (₹821.25), the short-term outlook turned positive after a recent bounce. Immediate support levels are at ₹793 and ₹697. A conclusive close below the latter will alter the short-term positive view. Nearest resistance is at ₹842. A…
HDFC Bank reports 7.6% growth in Q3 advances
HDFC Bank, India’s largest private sector lender, reported a 7.6 per cent year-on-year growth in its average advances under management to ₹26,27,600 crore for the December 2024 quarter. The bank’s retail segment showed strong performance with a 10 per cent…
F&O Query: Should You Hold Sun Pharma Call Option?
I bought three lots of Sun Pharmaceutical 1860-call option (January) at an average premium of ₹60.78. Should I hold for another 2-3 weeks or exit now? – Anish Das Sun Pharmaceutical Industries (₹1,849.65): The stock broke out of the resistance at ₹1,830…
Standard Glass Lining mops up ₹123 crore from anchor investors ahead of IPO
Standard Glass Lining Technology has garnered ₹123.02 crore from anchor investors ahead of its initial public offering, which opens on Monday and closes on January 8. The ₹410.05-crore IPO is a mix of fresh issue worth ₹210 crore and an…
Is cut-off price in IPOs increasingly irrelevant?
The Indian primary market is in a sweet spot, as we all know. The number of initial public offerings on the main board (BSE and the National Stock Exchange) has been on the rise, and 2024 saw 90 companies tapping…
Stocks that will see action today: January 3
Zairus Master, chief business officer at Honasa Consumer, has resigned from his post and will step down on February 28, the company said in an exchange filing on Thursday. The Gurugram-based firm is the parent company of Mamaearth, The Derma…
Broker’s call: Jyothy Labs (Buy)
Target: ₹600 CMP: ₹405.45 We carried out comprehensive channel checks to better understand medium-term demand trends and what went wrong in Q2-FY25, which led to muted volume growth. Our ground checks suggest that Jyothy Labs shall report minimum volume…
Stocks that will see action today: January 2, 2025
RailTel Corporation has secured a ₹78.43-crore order from Bharat Coking Coal Ltd. Jawaharlal Nehru Port Authority has issued a Letter of Award (LoA) to Trident Agrocom Exports and Man Infraconstruction consortium for the development of a ₹284-crore agro facility at…
Broker’s call: Adani Enterprises (Buy)
Target: ₹3,801 CMP: ₹2,556 Adani Enterprises Ltd (AEL), the incubator of many successful industry leading businesses, is ambitiously diversifying into green H2 and its ecosystem to drive future growth. Despite stock volatility following US Department of Justice (US-DOJ) notice in…
Stock Market Live Updates January 1, 2025: Stock to buy today: Petronet LNG (₹346) BUY
Share Market Live Updates January 1, 2025: The short-term outlook for Petronet LNG is bullish. The stock has been in an uptrend since mid-November this year. Though the pace of rise has slowed down recently, the uptrend remains intact. A…
Broker’s Call: Shaily Engineering Plastics (Accumulate)
Target: ₹1,600 CMP: ₹1,445.15 We initiate coverage on Shaily Engineering (Shaily), as we believe the company will benefit not only from its longstanding relationship with its existing customers but its ongoing emphasis on growing its healthcare and other segments would…
Stock Market Live Updates 31 December 2024: Stock to sell today: IndusInd Bank (₹963.90)
Share Market Live Updates 31 December 2024: The stock of IndusInd Bank has been in a downtrend since early 2024. In October, the selling momentum increased and as it stands, the bears seem to be retaining their dominance.
Ola Electric Shares: Slump 5% as CTO, CMO exits
Ola Electric Mobility’s stock fell 5.05 per cent to close at ₹85.39 on the BSE on Monday, following the resignation of two key executives. Chief Marketing Officer Anshul Khandelwal and Chief Technology & Product Officer Suvonil Chatterjee stepped down effective…
Stock Market Live Updates 30 December 2024: Stock to buy today: IPCA Laboratories (₹1,630.55) BUY
The Indian benchmark indices opened the week with a gap-up. But thereafter, the Sensex, Nifty 50 and the Nifty Bank index remained stable and range bound all through the week. The Nifty Bank index was up just one per cent….
F&O Tracker: Bears Maintaining Advantage
Nifty 50 (23,813) and Bank Nifty (51,311), largely due to the gap-up open on Monday, posted a gain of 1 and 1.1 per cent respectively last week. Here is an analysis of the futures and options data of both indices….
FPIs ease equity sell-off, boost primary market bets in December
Year-end Christmas holidays may have slowed Foreign Portfolio Investors (FPIs) selling spree in Indian equities last week, while their robust investments in the primary market signalled continued confidence. They have till December 27 net sold ₹656 crore in Indian equities through…
Credila Financial Services plans to raise ₹5,000 cr via IPO
Credila Financial Services Limited (formerly HDFC Credila Financial Services) has approved plans to raise capital through an initial public offering (IPO), potentially exceeding ₹5,000 crore, at its extraordinary general meeting held on December 26, 2024. The IPO, targeted for 2025,…
Five key factors to watch for in 2025
Bye bye 2024, welcome 2025! The year 2024, which began on a confident note, is leaving investors at a crossroads at close, with many complex issues facing them. Nifty 50 scaled an all-time high of 26,216 in September and took…
Markets end higher as pharma stocks lead gains; Sensex at 78,699
Equity benchmarks ended higher on Friday, marking their second consecutive session of gains, as pharmaceutical and automobile stocks led the advance amid subdued trading volumes ahead of the year-end. The BSESensex closed at 78,699.07, up 226.59 points or 0.29…
Unimech Aerospace’s ₹500-cr IPO receives bids for nearly ₹65,000 cr
The initial public offering of Unimech Aerospace and Manufacturing saw a tumultuous response from all category investors, as the issue was subscribed 175.31 times on the last day of issue closing on Thursday. The ₹500-crore issue generated bids worth ₹64,731…
Stock markets ends flat; Adani Ports spurts over 5%
Benchmark indices Sensex and Nifty ended flat in listless trading on Thursday amid a lack of near-term triggers and unabated foreign fund outflows. The 30-share BSE benchmark Sensex dipped 0.39 points to settle at 78,472.48 in muted trade. During morning…
Metropolitan Stock Exchange raises ₹238 crore
Metropolitan Stock Exchange has raised ₹238 crore through issuance of equity share on a private placement to a group of investors including promoters of Groww and Zerodha. The board of the exchange in a meeting held on Tuesday said it…
Indian stock markets closed today on account of Christmas
Indian stock markets remained closed on Wednesday due to the Christmas holiday. This was in line with many other major Asian markets, which also observed a holiday. However, a few markets in the region were open and displayed mixed trends….
IndiQube files DRHP to raise ₹850 crore
Westbridge-backed managed workplace solutions company, IndiQube Spaces Ltd, has filed its draft red herring prospectus (DRHP) with the capital markets regulator, SEBI, to raise funds through an IPO. The company plans to raise ₹750 crore through a fresh issue of…
Markets end lower as FII selling continues; auto stocks buck the trend
Equity benchmarks ended marginally lower on Tuesday, weighed down by persistent foreign institutional investor (FII) selling and concerns over economic growth, while auto stocks showed strength amid mixed global cues. The BSE Sensex closed 67.30 points or 0.09 per cent…
Broker’s call: IndusInd Bank (Buy)
Target: ₹1,800 CMP: ₹944.70 IndusInd Bank is a new-generation private-sector bank. The bank has a pan-India presence, with around 2,631 branches as of Sep’23. The bank delivered a healthy performance in Q2-FY24 with PAT growing by 3 per cent q-o-q…
Markets rebound after five-day decline; auto sector lags on GST news
Markets bounced back on Monday after five consecutive sessions of losses, with the BSE Sensex rising 498.58 points to close at 78,540.17, and the NSE Nifty gaining 165.95 points to end at 23,753.45, driven by positive global cues and lower-than-expected…
Institutional flows to anchor Indian equities in 2025: ICICI Securities
The institutional flow in the Indian equity markets will remain a driving force in the calendar year 2025, as it witnessed robust institutional flows of nearly ₹4 lakh crore in 2024, the ICICI Securities anticipated. The institutional liquidity flow has…
Market capitalisation of top-10 most valued firms plunges ₹4.95 lakh crore; TCS, Reliance hardest hit
The combined market valuation of all the top-10 most valued firms slumped ₹4,95,061 crore last week, in line with a bearish trend in equities, where Tata Consultancy Services and Reliance Industries faced the sharpest erosion. Last week, the BSE benchmark…
Technical Analysis: Apollo Tyres, Petronet LNG And Radico Khaitan
Apollo Tyres (₹532.50) At the top of a range The stock of Apollo Tyres peaked in February after it faced a barrier at ₹555. Since then, it has largely been trading in the broad range of ₹465-555, except for a…
The year of IPOs: A record-breaking ₹1.8 lakh crore raised from initial public offerings in 2024, says Motilal Oswal report
The Indian primary market witnessed 2024 as the blockbuster year for initial public offerings (IPOs), according to a report by Motilal Oswal. The report highlighted that a record-breaking ₹1.8 lakh crore was raised through more than 317 IPOs so far…
Freshworks’ founder Girish Mathrubootham sells shares worth $40 mn
Freshworks’ founder Ratna Girish Mathrubootham has sold shares worth $40 million on the Nasdaq, according to the company’s filing in the US Securities and Exchange Commission. The sale happened on December 18 and 19, the filing says. On December 18,…
Sensex, Nifty record steepest weekly fall since 2022; pharma stocks resist slump
Equity benchmarks tumbled sharply on Friday, with the BSE Sensex plummeting 1,176.46 points or 1.49 per cent to close at 78,041.59, while the NSE Nifty 50 ended 364.20 points or 1.52 per cent lower at 23,587.50, marking their fifth consecutive…
Rekha Jhunjhunwala-backed Inventurus Knowledge ends 47.5% higher on listing day
Shares of Inventurus Knowledge Solutions Ltd (IKSL) made a stellar listing at the bourses on Thursday. Compared to the IPO price of ₹1,329, the stock listed at ₹1,900 on the NSE and rose further to a high of ₹2,031 and…
Sensex plunges 964 points as Fed’s hawkish stance sparks market sell-off
Indian equity markets witnessed a sharp sell-off on Thursday, with the BSE Sensex plummeting 964.15 points to close at 79,218.05, marking a significant decline of 1.20 per cent. The broader NSE Nifty 50 index also experienced heavy losses, dropping 247.15…
US stocks plunge as Fed signals slower pace of rate cuts in 2025
U.S. stocks plunged on Wednesday, erasing earlier gains after the Federal Reserve cut interest rates by a quarter of a percentage point and the central bank’s economic projections signalled a slower pace of cuts next year. The Fed cut rates…
Markets slide on Fed meeting anticipation and global headwinds
Stock markets concluded Wednesday’s trading session on a bearish note, with benchmark indices experiencing a third consecutive day of profit booking ahead of the crucial US Federal Reserve monetary policy meeting. The Sensex tumbled 502.25 points or 0.62 per cent…
Ventive Hospitality to launch IPO on Dec 20, price band ₹610-643/share
Ventive Hospitality, a joint venture between Blackstone and Panchshil Realty, will launching its initial public offer on December 20, with a price band in the range of ₹610-643 a share. The company has scaled down its IPO size from its…
Indoco share gains 2%; Indoco’s Goa unit gets OAI status from USFDA
Shares of Indoco Remedies rose 1.85 per cent to ₹346.90 on the BSE at 2.38 pm on Tuesday. The company has received official action indicated (OAI) status from the US Food and Drug Administration(USFDA) for its plant II and III…
HDFC Bank faces regulatory scrutiny over delayed disclosure of senior management resignation
HDFC Bank has received an administrative warning letter from the markets regulator regarding non-compliance with certain provisions of the SEBI Listing Regulations regarding the resignation of Arvind Kapil, a senior management employee of the Bank. The regulator said there was…
LTIMindtree unveils Cyber Defense Resiliency Center in Bengaluru
LTIMindtree has launched a new Cyber Defense Resiliency Center (CDRC) in Bengaluru, aimed at bolstering enterprise cyber security through artificial intelligence. The 100-seat facility will provide round-the-clock cyber threat intelligence and incident response services to global clients. The shares of…
Vishal Mega Mart IPO closes with over 27 times subscription
Vishal Mega Mart’s initial public offer was subscribed over 27 times on the last day of the issue with bids coming in for over 2,064 crore shares as against the 75.7 crore shares on offer. An overwhelming number of bids…
Five of top-10 most valued firms together add ₹1.13 lakh crore in market valuation
Five of the 10 most valued firms added ₹1,13,117.17 crore to their total market valuation last week with Bharti Airtel stealing the show. Read also: Airtel expands with AI data centres and high-altitude network, shares rise While Tata Consultancy Services…
Technical Analysis: Astra Microwave Products, Astra Microwave Products And Zydus Wellness
Astra Microwave Products (₹833.10) Cracks a key resistance The stock of Astra Microwave Products formed a higher low last month. As the price moved up in the recent weeks, it surpassed both 50 and 200-day moving averages as well as…
One MobiKwik subscribed 119 times as investors pour in money
The ₹572-crore initial public offering of One MobiKwik Systems saw an overwhelming response from all categories of investors who subscribed at 119.38 times. The offer that came out with a price band of ₹265-279 a share received bids for 141.73…
Sai Life Sciences issue garners bids for 10.26 times
TPG Capital-backed initial public offering of Sai Life Sciences closed with a subscription figure of 10.26 times. The ₹3,043-crore IPO comprised a fresh issue (₹950 crore) and an offer-for-sale of 3.81 crore shares valued at ₹2,092 crore. The price band…
Carlyle mulls $1 billion IPO for Quest Global in India, valuation may exceed $5 billion
Carlyle Group Inc. is considering an initial public offering of engineering services firm Quest Global Services Pte in India, people familiar with the matter said, amid increasing investor interest in the nation’s stock market. The US investment firm has held…
Broker’s call: Shriram Pistons (Buy)
Emkay Global Target: ₹2,950 CMP: ₹2,188.40 Shriram Pistons (SPRL) has entered an agreement for acquiring 100 per cent shareholding in TGPEL Precision Engineering (TGPEL), a manufacturer of high precision injection molds and components, at an EV of ₹220 crore on…
Intellect and InsureMO secure Incarnation Specialty as new client
Insurtech firms IntellectAI and InsureMO have onboarded Incarnation Specialty, a marine insurance Managing General Agency (MGA), to their end-to-end underwriting ecosystem. The partnership, announced today, will leverage eMACH.ai Xponent, an AI-powered underwriting workbench, and InsureMO’s policy administration system. The shares…
Equirus Wealth asset base swells over ₹10,000 crore
Equirus Wealth has surpassed ₹10,000 crore in assets under management (AUM). In a release on Wednesday, the wealth management firm said this achievement reflects the firm’s strong growth trajectory, with AUM doubling in just 18 months, and highlights its ability…
NTPC Green Energy shares rise on securing major solar power project
Shares of NTPC Green Energy gained 0.85 per cent to ₹147.90 on the BSE, at 12.43 pm on Wednesday, after the company announced that a subsidiary- NTPC Renewable Energy – won a bid in an auction conducted by the Solar Energy…
Broker’s call: Anant Raj (Buy)
Target: ₹1,080 CMP: ₹737.85 We believe that Anant Raj’s (ARCP) entry into cloud operations can be an inflection point for the company, which is looking to further move up the chain from its core colocation business in the Data Centre…
Mutual Fund inflows decline 14% in November amid market volatility
Inflows into equity mutual funds were down 14 per cent at ₹35,943 crore last month compared to ₹41,887 crore in October as investors toned down their expectations with the sudden dip in the market. SIP inflows were also down marginally…
Torrent Power QIP subscribed 4 times
Torrent Power Ltd on Monday announced successful completion of its ₹3,500 crore (approximately $413.20 million) Qualified Institutions Placement (QIP). “The issue garnered significant response from investors including domestic mutual funds, global investors and insurance companies, demonstrating their strong confidence in…
Servotech inks pact for solar-powered EV charging network in Germany
Servotech Power Systems Ltd has secured a strategic partnership with LESSzwei GmbH to develop 100 per cent solar-powered electric vehicle charging infrastructure for micromobility in Germany. The project, named “EnerMAAS,” has received grant financing from the Federal Ministry for Economic…
F&O Tracker: Bulls Triumph Over Bears
Nifty 50 (24,678) and Bank Nifty (53,510) broke through key barriers last week and recorded a gain of over 2 per cent each. The derivatives data of the indices indicate that there has been good buying interest, keeping the door…
Technical Call: HDFC Bank – BUY
Long-term investors can buy the shares of HDFC Bank (₹1,856) at current levels. The prolonged consolidation in the stock has come to an end. The strong rise and close above ₹1,800 last week have confirmed the range breakout. Before the…
F&O Strategy: Kalyan Jewellers: Bull Call Spread
The outlook for the stock of Kalyan Jewellers India (₹730.50) remains positive. Immediate resistance is at ₹754. A close above this can trigger a fresh rally. Conversely, the stock finds its nearest support at ₹685 and ₹655. As long as the…
MobiKwik cuts IPO size to Rs ₹572 crore
Fintech major MobiKwik has reduced its initial public offering (IPO) size to ₹572 crore from ₹700 crore due to volatile market conditions and higher scrutiny by the regulator over fintech players, sources say. The fintech firm has set IPO price…
LG Electronics India files DRHP, to sell 10.18 crore shares
With plans to list its Indian arm, LG Electronics India, South Korean consumer durables major LG Electronics Inc on Friday filed a draft red herring prospectus with market regulator SEBI for an IPO go ahead for a public listing at…
Fusion Finance plans ₹800 crore rights issue to boost capital
Fusion Finance Limited has announced plans for a significant rights issue, seeking to raise up to ₹800 crores through partly paid-up equity shares. The company’s board of directors approved the capital-raising initiative during meetings on December 4 and 5, 2024….
Stock exchanges set up online repository platform for IPO docs
Stock exchanges have set up an online Document Repository platform that would enable merchant bankers to upload and maintain records and documents relied upon by bankers while conducting their due diligence on public issues electronically. The platform is intended to…
GST raids shake ICICI Bank’s compliance landscape
The shares of ICICI Bank Limited were trading at ₹1,314.80 down by ₹1.25 or 0.09 per cent on the NSE today at 10.25 am. ICICI Bank confirmed on December 4, 2024, that Maharashtra State GST authorities initiated search operations at…
Blackstone and Sattva Group set to file papers for $750-800 million REIT listing
World’s largest alternative asset manager Blackstone Inc and real estate developer Sattva Group are close to filing the initial draft papers for the listing of an office real estate investment trust (REIT), comprising around 50 million square feet of commercial…
Shares in green a day after SECI lifts debarment on Reliance Power
The shares of Reliance Power Limited were trading at ₹41.09 up by ₹1.95 or 4.98 per cent on the NSE today at 10.20 am. Solar Energy Corporation of India (SECI) has withdrawn its debarment notice against Reliance Power Limited, enabling…
SEBI proposes online monitoring of system audit of stock brokers
SEBI has proposed a framework to help stock exchanges to do online monitoring of system audit of stock brokers. In a consultation paper issued on December 3, the regulator said that this framework will make the auditor more responsible for…
Wipro Share Price Today Live: Wipro bonus shares, IT stock turns ex date today with history and key details
Wipro Stocks Today, Wipro Share Price live updates December 3, 2024: Wipro announced a 1:1 bonus issue alongside its September quarter earnings, making approximately 2.2 million small shareholders eligible to receive one bonus share for every share held as of…
RBL Bank stocks take a hit; here’s why
RBI bank stock hit 52-week low of ₹147.55 today on BSE announcing that itwill cease issuing co-branded credit cards in partnership with Bajaj Finance. However, the bank will continue to service the existing 3.4 million co-branded credit cards issued under…
Ambuja Cements advances towards net zero with Coolbrook partnership
Ambuja Cements Limited has taken a significant step towards decarbonization by partnering with Finland-based Coolbrook to implement zero-carbon heating technology in its cement manufacturing process. The collaboration was announced today, on December 2nd, 2024. The shares of Ambuja Cements Limited…
GAIL (India) signs long-term LNG ship charter with “K” LINE, strengthens fleet to meet India’s energy demands
Shares of GAIL (India) gained 1.02 per cent to ₹198.85 after the company signed a long-term time charter contract with Kawasaki Kisen Kaisha (“K” LINE) for a new-built LNG ship. The vessel is expected to start operations in 2027. This…
Is it time for Nifty50 derivatives to debut on BSE?
The Securities and Exchange Board of India on Thursday unveiled a set of measures to ensure seamless trading on stock exchanges during technical outages. Under the new framework, which will take effect in April 2025, the BSE and NSE will…
Technical Analysis: BHEL, Bharat Dynamics and Piramal Enterprises
BHEL (₹251.10) Bulls gaining traction The stock of Bharat Heavy Electricals Limited (BHEL) has been in a correction phase since July. The bulls faced roadblock at ₹330, lost traction, and what followed has been a fall in price. However, the…
Broker’s call: Gulf Oil (Buy)
Target: ₹1,800 CMP: ₹1,098.70 We reiterate our positive stance on Gulf Oil Lubricants India Ltd (GOLI), led by steady core volume growth (8 per cent core volume CAGR over FY24-27E, over 2x of industry growth), and a 13-14 per cent…
Broker’s call: Aadhar Housing (Buy)
Target: ₹550 CMP: ₹432.75 Aadhar Housing Finance (Aadhar) was amongst the first few AHFCs to get HFC licence, way back in 2010, and since then its execution track record under the leadership of Deo Shankar Tripathi (Executive VC) and Rishi…
Stock Market Today Live Updates 29 November 2024: Stock to buy today: Exide Industries
U.S. Market Early Close @ 23:30 IST 15.30 EURO CPI Flash Estimate y/y (Expected: 2.3% versus Previous: 2.0%) 16.30 U.K. BOE Gov Bailey Speaks 17.30 INDIA GDP Growth Rate y/y (Expected: 6.5% versus Previous: 6.7%) Economic Calendar – 30.11.2024 China…
Market takes a breather: Sensex and Nifty decline on global uncertainty
The stock market experienced a significant downturn on Thursday, with benchmark indices Sensex and Nifty falling sharply amid global economic concerns and uncertainty about future interest rate cuts. The Sensex plummeted 1,190.34 points or 1.48 per cent to close at…
Stock Market Today Live Updates 28 November 2024: Stock to buy today: Power Grid Corporation of India
tock Market Today | Share Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE share prices and Indian stock markets for 28 November 2024. ALL UPDATES November 28, 2024 07:21 Stock market live…
NTPC Green makes strong showing on first day of listing
Shares of NTPC Green Energy made their debut on the bourses at over 3 per cent premium to the issue price and gained steam during the day to end 12.2 per cent higher with a market capitalisation of over ₹1…
Stock that will see action today: 27 November 2024
The Delhi High Court has stayed the Solar Energy Corporation of India’s (SECI) decision to bar Reliance Power from participating in auctions for three years, the Anil Ambani group company said on Tuesday. Mahindra & Mahindra (M&M) on Tuesday expanded its…
Motilal Oswal MF launches NFO on Nifty Capital Market index
Motilal Oswal Mutual Fund has launch a new passive fund offer Nifty Capital Market Index. The fund will offer exposure to the growth potential of stocks listed under the capital market theme in India. The index comprises 15 companies which…
Broker’s call: SBI Life Insurance (Buy)
Target: ₹1,978 CMP: ₹1,496.60 We maintain Buy on SBI Life Insurance Company considering the attractive valuation and no major change in medium/long-term potential VNB growth/RoEV. While some adjustments in channel preference may/may not impact near-term VNB growth proposition, we believe…
Sensex breaches 80,000-mark as state election results boost market sentiment
Indian equity benchmarks surged on Monday, with the BSE Sensex crossing the 80,000 level, driven by positive reactions to state election outcomes and expectations of increased government spending. The 30-share BSE Sensex closed at 80,109.85, registering a gain of 992.74…
NTPC Green Energy IPO subscribed 2.4 times
The ₹10,000-crore initial public offering of NTPC Green Energy closes subscribed 2.42 times on the last day of issue closing on Friday. The IPO that came out with a price band of ₹102-108 received bids for 143.37 crore shares against…
IPO pipeline to remain strong; 10 companies aim to raise ₹20,000 cr in Dec
The primary market is expected to remain vibrant, with at least 10 companies, including supermart major Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd expected to raise a combined ₹20,000 crore in the next month,…
Technical Analysis: Global Health, Lemon Tree Hotels, NCC
Global Health (₹1,114) Set to breakout Bears maintained dominance in the stock of Global Health between June and early October. Consequently, the price slumped from ₹1,380 to mark a ten-month low of ₹935.5 in October. But since hitting the low, there…
Broker’s call: PSP Projects (Hold)
Target: ₹685 CMP: ₹614.35 On November 19, PSP Projects entered into a Share Purchase Agreement (SPA) with Adani Infra India for the sale of up to 30.07 per cent of the company’s paid-up share capital, amounting to ₹685 crore for…
SEBI proposes tighter hiring rules for top jobs at MIIs
The Securities and Exchange Board of India (SEBI) has proposed to overhaul the processes of appointing key management personnel by market infrastructure institutions (MIIs) such as stock exchanges, clearing corporations, and depositories. The regulator plans to align their appointments with…
Markets surge over 2.5%; Sensex surges around 2000 points
The markets witnessed a strong rally on Friday, with the benchmark BSE Sensex surging 1,961.32 points or 2.54 per cent to close at 79,117.11, while the NSE Nifty 50 advanced 557.35 points or 2.39 per cent to end at 23,907.25….
Broker’s call: Star Cement (Buy)
Target: ₹207 CMP: ₹173.25 Star Cement Ltd (SCL) reported 9.6 per cent y-o-y growth in its sales at ₹642 crore with underlying sales volume growing 7.4 per cent y-o-y to 1.0 mt. Sales volume in North-East grew 11.5 per cent…
Adani Group stocks plummet as US indictment shakes Indian markets
Market experienced significant turbulence on Thursday, with benchmark indices Sensex and Nifty closing lower amid a dramatic selloff triggered by the U.S. Department of Justice’s indictment of Adani Group chairman Gautam Adani. The Sensex closed at 77,155.79, down 422.59 points…
NTPC Green Energy IPO: Arete Securities recommends subscribing to NGEL IPO for long-term
NTPC Green Energy Ltd. (NGEL), the renewable energy arm of NTPC, has launched its initial public offering (IPO) to raise ₹10,000 crore. The issue — subscribed 33 per cent so far — concludes on November 22, 2024 Arete Securities has…
NTPC Green Energy IPO: Marwadi Financial Services assigns subscribe rating to NGEL IPO
NTPC Green Energy Ltd. (NGEL), the renewable energy arm of NTPC, has launched its initial public offering (IPO) to raise ₹10,000 crore. The issue was subscribed 33 per cent so far and concludes on November 22, 2024. Marwadi Financial Services…
Broker’s call: Marico (Accumulate) – The Hindu BusinessLine
Target: ₹678 CMP: ₹590.95 Marico is a leading Indian FMCG company with exports to over 25 countries. The company’s product portfolio includes brands such as Parachute, Saffola and Livon. In Q2FY25, Marico’s revenue increased 7.6 per cent y-o-y to ₹2,664…
Bharat Forge in final talks for Artillery Gun contract with Indian Defence Ministry
Bharat Forge Limited, the Pune-based multinational, has entered contract negotiations with India’s Ministry of Defence for the supply of Advanced Towed Artillery Gun System (ATAGS) and Gun Towing Vehicles for the Indian Army, the company announced today. The shares of…
Broker’s call: PNC Infratech (Hold)
Target: ₹339 CMP: ₹301.10 PNC Infratech (PNCL) Q2-FY25 operational results were lower than consensus estimates. Numbers were impacted from weak execution as adjusted revenue declined by 58 per cent y-o-y. The decline in revenue was due to delay in appointed…