Fortnightly FII data for January 16, 2023, to January 31, 2023, showed that FIIs were on a selling spree. They sold investments and relocated them from India to other markets that were cheaper. Their top sells in the second fortnight of January were Financial Services (₹ 8,503 crores), Oil, gas & Consumable Fuels (₹ 4,772 [...]
NMDC Ltd, a Navratna PSU company recently demerged its steel plant at Nagarnar and the entity got listed on the bourses earlier this week. NMDC had spent a total of ₹ 20,000 crores to set up this plant with a capacity of 3 million tonne per annum (mtpa). Brokerage firm Emkay Global said that this [...]
Brokerage firm HDFC Securities recently recommended 21 stocks for a medium/long-term systematic investment plan (SIP). The brokerage believes that the thrust toward manufacturing-led growth in India will result in a virtuous cycle of productive growth of investment - job creation - income - saving - investment. It believes that India could be one of the [...]
The Domestic indices ended Thursday’s session marginally lower. The NSE Nifty 50 fell 43.05 points or 0.25% to end at 17,511.25 and BSE Sensex plunged 139.18 points or 0.23% to close at 59,605.80. Despite a weak market condition, here are 4 stocks that gained up to 20% on Thursday’s trading session: Sandur Manganese and Iron [...]
The shares of Usha Martin Limited opened at Rs 167.75 levels and gained as much as 9 percent in the early hours to climb up to an intraday high of Rs 209 on Thursday’s session. The stock became one of the favourite picks of analysts in the Tamilnadu Investors’ Association (TIA) summit that was held [...]
Sonata Software Limited, an Indian information technology services company, saw its shares gain more than 5 percent till the afternoon on Thursday and were trading at Rs 725 levels. The scrip remained in focus after its wholly owned subsidiary Sonata Software North America Inc signed a definitive agreement to purchase Quant Systems Inc., a Texas-based [...]
With a market capitalization of ₹ 1028.50 crores, Rhetan TMT is a small-cap company engaged in the manufacturing of TMT Bars and round bars, which are primarily used in the construction of dams, bridges, residential and commercial towers, and major infrastructure projects in Gujarat. The company’s board had announced a sub-division/split of its equity shares [...]
ITC Limited saw its shares gain as much as 2.5 percent in the early hours of Thursday as the stocks reached an All-Time High of Rs 393.85. The conglomerate's shares have gained approximately 17 percent in the past month. The scrip has been gaining after it posted its quarterly numbers. Their total revenue stood at [...]
Merger-bound Zee Entertainment’s share price tanked 14.44% after the company the National Company Law Tribunal (NCLT) on Wednesday admitted an insolvency petition filed against the company. This move has likely put the merger on standstill. The media major’s share price reached a 52-week low of 176.55 apiece on Thursday’s early trades. Its shares were trading [...]
The Domestic indices suffered huge losses on Wednesday dragging the Nifty 50 below 17,560 and Sensex below 59,750. On Thursday, the benchmark opened flat. The NSE Nifty 50 fell 7.25 points or 0.04% to 17,547.05 and BSE Sensex dipped 21.03 points or 0.04% to 59,723.95. As markets face turmoil, here are 3 fundamentally sound stocks [...]
