Equity markets in India saw a correction this week. Furthermore, the Q3FY22 earnings season has also failed to enthuse the markets. The Union Budget and the Fed Reserve meeting are two key events for the domestic equity markets next week. Kotak Securities Limited As the markets sentiments remain volatile, here are 7 stocks recommended by [...]
Indian equity benchmarks BSE Sensex and NSE Nifty 50 opened higher on the first trading day of the week amid positive cues from global markets. Gains in financial and IT shares led the headline indices higher. The BSE Sensex started the week at 60876.01 points, while the NSE Nifty 50 was at 8118.45 points. The [...]
Penny stocks are an investment that is done with the purpose of achieving the highest return. These are high-risk investments as the trading volume is low and hence they are illiquid in nature. Here are 4 penny stocks in which the State Bank of India has invested in the December quarter of 2023: Consolidated Construction [...]
Seven listed companies of the Adani Group suffered a bloodbath this week after American short-seller Hindenburg Research said that it held short positions in the Indian group through US-traded bonds and non-Indian-traded derivative instruments. Its research report accused the conglomerate of participating in brazen stock manipulation and accounting fraud schemes over decades. Following the news, [...]
The domestic indices crashed over 2% intraday on Friday as the market remained nervous ahead of the Budget. The Hindenburg’s report further dragged the Adani stocks lower. The BSE Sensex shed 874.1 points or 1.45% to close at 59,330 while the NSE Nifty 50 declined by 287.60 points or 1.61% to end at 17,604. Here [...]
Bears pounded the shares of Dixon Technologies and the stock suffered deep cuts. The shares of the contract manufacturer tanked 20% on Friday’s trades to reach a 52-week low of ₹ 2642.50 apiece on the National Stock Exchange (NSE). This marked its steepest single-day fall since its listing in 2017. The drop came after the [...]
The shares of Automotive Stampings and Assemblies Limited, a Tata group company, opened at Rs 349.70 and gained as much as 10 percent in the early hours on Friday to reach an intra-day high of Rs 383. The scrip jumped as the company reported strong earnings. In Q3FY23, the total income of the company stood [...]
Homegrown automaker Bajaj Auto’s shares accelerated by as much as 7.47% to reach an intraday high of 3995.00 apiece, on the back of healthy quarterly results. Its shares were trading at ₹ 3,958.05 apiece at 12:26 PM on Friday. Bajaj Auto was one of the top gainers in the Nifty 50 index, amid an otherwise [...]
Hindenburg Research, an American investment research firm, has made some serious allegations against the Adani group. In its report, the firm alleged that the Adani Group is pulling the “biggest con in corporate history”. The report also alleged that the company is engaged in a “brazen stock manipulation and accounting fraud scheme”. It has accused [...]
The shares of Tata Motors vroomed 8.20% on Friday’s early trades to reach an intraday high of ₹ 453.40 apiece after the company swung to make a profit after a hiatus of seven quarters. They were quoting at ₹ 444.55 apiece, up 6.09% at 11:35 AM on Friday. The waning impact of the semiconductor chip [...]
