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Kaynes Technologies, JSW Energy and 4 other stocks to buy now for an upside of 60%
Stock recommendations are advice from financial experts telling investors whether they should buy, sell, or keep certain stocks based on their analysis of the market. A buy call recommendation tells investors to purchase a stock because it's expected to rise in value based on favorable analysis. Here are a few financially strong stocks recommended by [...]
Stocks to benefit as Govt to float tender under PM e-Bus Sewa Scheme worth ₹57,613 Cr
State-run Convergence Energy Services Ltd (CESL) floated a tender for 4,588 electric buses under the Pradhan Mantri e-Bus Sewa Scheme which is valued at Rs. 8,000 crore. Bidders include EKA Mobility (2,450 buses), JBM (1,200 buses), Adani Enterprises (350 buses), and others. The total scheme cost is Rs. 57,613 crore which aims to deploy 10,000 [...]
3 Stocks in which Tata Mutual Fund have bought fresh stake in Q3FY25
Tata Mutual Funds managed by Tata Asset Management Limited is a prominent asset management company in India, that offers a range of investment options to investors through mutual funds to invest in equity, debt, hybrid, and other financial instruments tailored to different risk appetites and financial goals Listed below are three stocks in which Tata [...]
Stock in Focus: 3 Stocks that will turn ex-split this month; Do you own any?
Corporate action is when a publicly listed corporation makes substantial changes that affect its shareholders and financial structure. Actions that impact a company's securities include dividends, stock splits, mergers, acquisitions, rights issues, and other related events. Shareholders may experience changes in ownership, stock value, or entitlements following corporate activities. Here are the stocks that set [...]
Hero MotoCorp Ltd: Is it a value buy after recent 34% price correction?
India is one of the largest two-wheeler markets in the world, driven by factors like increasing urbanization, rising disposable incomes, and a strong demand for affordable personal mobility. The market offers significant growth prospects, particularly in electric vehicles (EVs), as the government pushes for sustainable transportation. Major players such as Bajaj Auto, Hero MotoCorp, TVS [...]
Laxmi Dental IPO: From issue details to their financials; Here’s what you need to know
Laxmi Dental India Limited is set to launch its Initial Public Offering (IPO) which consists of a fresh offer of Rs. 138 crores and an offer for the sale of Rs. 560.06 crores, totalling Rs. 698.06 crores. The IPO is done by companies to raise funds for their various corporate purposes and includes expansion and [...]
5 Large cap stocks with PE ratios below their 5 year average to keep on your radar
The Price-to-Earnings (P/E) Ratio is a widely used financial metric that helps investors assess the valuation of a company's stock. It measures the relationship between a company's current share price and its earnings per share (EPS). The P/E ratio is often used to evaluate whether a stock is overvalued, undervalued, or fairly priced relative to [...]
Fundamentally strong stocks with low volatility and beta less than 1 to add to your watchlist
Beta is a financial metric that measures the volatility or risk of an individual stock or asset in relation to the overall market. It indicates how much a stock’s price is expected to change in response to market movements. A beta of 1 means the stock moves in line with the market, while a beta [...]
4 Stocks with high alpha that have outperformed nifty for 5 years
Alpha is a measure of a stock’s performance relative to a benchmark index, such as the Nifty 50. It represents the excess return an investment generates over the expected return based on its risk level, often used to gauge the skill of a fund manager or an investment strategy. A positive alpha indicates that a [...]
Will silver surpass ₹1,00,000 as Govt. considers mandatory hallmarking for silver jewellery?
Silver delivers higher returns than Gold over the period. They hold significant value in economic terms, spiritual terms, and hedging against currencies. This has ensured people invested in and owned this commodity over centuries apart from Gold. The government is planning to make hallmark on silver jewelry mandatory to ensure better quality and to improve [...]
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India focused on reforms in right way; global experts have praised India's decisions and we will fulfil world's expectations from us: PM. PTI BJ KR MR MR
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India has given world a bouquet of hope consisting of trust towards democracy, technology to empower 21st century and of talent: Modi. PTI BJ KR BJ MR MR
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Tech Mahindra acquires 100% stake in European firm Com Tec Co IT for EUR 310 million (around Rs 2,628 cr). PTI PRS MR MR
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Top Editor’s Pick
Why Mutual Funds Remain a Popular Choice in 2025
You’re not alone if you’ve been thinking more seriously about where your money goes. With daily expenses rising and long-term goals in sight, it’s only natural to look for ways to grow your savings without constant monitoring. That’s where mutual funds come into the picture. They’ve quietly remained a favourite for many over the years. [...]
Stocks to Buy: 6 Stocks to buy for an upside of 40%
The Indian Benchmark Indices closed in Green on Friday with the Sensex gaining around 218.14 points ending the week at 81,224.75 and the Nifty 50 index gaining around 113.55 points ending the week at 24,863.40. In the last five trading sessions, the Sensex declined by approximately 0.75 percent while the Nifty 50 index declined by [...]
₹2.23 to ₹1,829: NBFC stock turns ₹10,000 to ₹82 Lakhs in just 5 years
During the trading session of Friday, the shares of a registered NBFC with core business operations focused on investing and lending slumped nearly 5 percent to hit an intraday low at Rs. 1,758.1 on BSE. With a market capitalisation of Rs. 31,068 crores, the shares of Authum Investment & Infrastructure Limited opened at Rs. 1,849, [...]
Stocks to Buy: 6 Stocks to buy now for an upside of 50%
The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25. In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by [...]
₹430 to ₹14,136: Pharma stock turns ₹10,000 to ₹3.29 Lakhs in just 5 years
According to business standards, the Indian pharmaceutical industry is a global powerhouse, projected to reach $130 billion by 2030, growing at over 10% annually. Currently valued at $50 billion, India supplies 20% of the world's generic medicines and accounts for 60% of global vaccine production, cementing its role as the "pharmacy of the world. With [...]
Stocks that may get affected by Israel-Iran war
India is Israel’s 2nd trading partner in Asia and the 9th largest globally. The bilateral trade has been majorly dominated by diamonds and chemicals. However, recent years have seen an increase in trade in areas such as electronic machinery and high-tech products; medical equipment; communications systems, etc. The two nations celebrated 30 years of the [...]
Latest Market News
IndiGo appoints Mark Sutch as Chief Commercial Officer for intl cargo business
The country's largest airline IndiGo has appointed Mark Sutch as the Chief Commercial Officer for its international cargo business. From March 1, the carrier said its cargo business CarGo will have two CCOs -- Mahesh Kumar Malik for domestic and Sutch for international segments. IndiGo inducted its first A321 freighter in November and the second [...]
L&T Technology Services announces CoE in Mysore to offer automotive solutions on AWS
L&T Technology Services (LTTS) on Thursday announced a new Centre of Excellence (CoE) in Mysore, Karnataka, that leverages the power of the cloud with Amazon Web Services (AWS). The CoE will allow L&T Technology Services to transition its suite of technologies focused on the future of mobility and reduce time-to-market for end customers. "By leveraging [...]
Auto stock hits 52-week high after EV fleet enhancement in Maharashtra budget
The shares of JBM Auto surged 8.47% on Thursday and reached a fresh 52-week high of ₹ 644.20 apiece on the National Stock Exchange (NSE). This happened after the Maharashtra government announced that the total EV fleet under the state transportation network would be increased by 5,000. While presenting the state's fiscal roadmap for 2023-24, [...]
EV stock gets a BUY call with a upside of 21% after it opens its first e-bike facility
Bharat Forge Limited (BFL), through its E -Mobility subsidiary, Kalyani Powertrain Limited, inaugurated its first ‘E-bike’ manufacturing facility at MIDC Chakan in Pune on 08th March 2023. The facility has a production capacity of 60,000 units per annum and is scalable to 100,000 units per annum. It will undertake the assembly of E-bikes for Tork [...]
Best Agrolife board okays Rs 200 crore investment plan
Agrochemical firm Best Agrolife on Thursday said its board has approved capital expenditure (capex) plan of Rs 200 crore towards brownfield expansion and brand building. The company plans to utilise Rs 150 crore towards brownfield expansion in the technical manufacturing unit of Best Crop Science, its wholly-owned subsidiary, Best Agrolife said in a statement. The [...]
Indian Overseas Bank disburses loans worth Rs 5.02 cr to self-help groups
Public sector Indian Overseas Bank has disbursed Rs 5 crore worth of loans to self help groups during a campaign held in the city recently coinciding with the Women's Day celebrations, the bank said on Thursday. The women entrepreneur branch of Indian Overseas Bank in the city sanctioned loans worth Rs 1.53 crore during the [...]
Multibagger penny stock with 640% returns announces stock split and bonus issue
Global Capital Markets is a non-banking financial company that lends both long-term and short-term loans, as well as invests in stocks and other securities. With a market capitalization of ₹ 88 crores, it is a penny stock listed on the Bombay Stock Exchange (BSE). The company’s shares have been on an uptrend since February 23, [...]
PTC Fin Serv receives pre-payment of Patel Darah-Jhalawar Highway loan
PTC India Financial Services on Thursday said it has received full pre-payment of its loan account of Patel Darah-Jhalawar Highway. The erstwhile independent directors of the company had highlighted the loan account, and hence, as a matter of prudence, PTC India Financial Services has taken proactive measures to recover the entire outstanding dues, the company [...]
Sensex snaps 3-day winning run; falls 540 points
Equity benchmark Sensex declined nearly 540 points on Thursday, pressured by heavy selling in index heavyweights Reliance Industries, Bajaj Finserv and ICICI Bank amid a sluggish trend in the global markets. Besides, a weak rupee against major currencies overseas further weighed on sentiment, traders said. Snapping its three-day gaining streak, the 30-share BSE Sensex opened [...]
Pak finance minister Ishaq Dar hopeful of signing bailout deal with IMF this week
Pakistan's Finance Minister Ishaq Dar vowed on Thursday that the government was “absolutely committed” to completing the current USD 7 billion bailout programme with the IMF, once again indicating that the cash-strapped country could sign the staff-level agreement with the global lender this week. The Pakistan government is in a race against time to implement [...]
Multibagger stock falls 3.5% after promoter plans to offload shares worth Rs 234 crores
Clear Wealth Consultancy Services, one of the promoters of Gokaldas Exports and holding a 20.56 percent stake as of Q3, is likely to sell a portion of its shares which is estimated to be 8.25 percent (40% of the total stake) through a block deal. The deal is likely to be done at a price [...]
Jindal Group stock net profit jumps more than 200 times; Do you own it?
The shares of Jindal Saw zoomed 8.48 percent on Thursday’s early trades to reach a fresh 5-year high of ₹ 177.10 apiece on the National Stock Exchange (NSE) after volumes jumped at the counter. 7.427 million shares changed hands at the counter on Thursday, against 4.341 million shares on Wednesday. In the past three months, [...]
Pharma stock announces share buyback of Rs 210 crores at 23% premium
NATCO Pharma Limited, on 8th March, got a nod from its Board for conducting a buyback transaction. The buyback will be involving an amount of up to 30, 00, 000 (Thirty Lakhs) fully paid-up equity shares of the face value of Rs. 2 each at a price not exceeding Rs. 700 per Equity Share payable [...]
Sebi extends deadline till Mar 15 to submit public comments on proposal on REITs, InvITs sponsors
Capital markets regulator Sebi on Thursday extended the timeline till March 15, for submission of public comments on a proposal pertaining to higher responsibility for sponsors of investment vehicles -- REITs and InvITs. The regulator had put in place a consultation paper on holding of sponsors in Real Estate Investment Trust (REITs) and Infrastructure Investment [...]
Multibagger stock jumps 7% to reach a 10-year high; Are you holding it?
Usha Martin Limited jumped around 7 percent today as compared to the previous closing price. The stock opened its trading session at Rs 197 and currently trades at Rs 210 which also makes the company eligible to tick off its 10-year high figures. Over a horizon of 1 year, it is visible that the company [...]
Kotak Bank has small exposure to Adani; issues afflicting group more valuations-oriented
Private sector lender Kotak Mahindra Bank has a "small exposure" to the embattled Adani Group which has been made in line with its credit philosophy, a senior official has said. Paritosh Kashyap, president and head for wholesale banking at Kotak Mahindra Bank, said the issues surrounding Adani Group are more of a "capital market and [...]
Religare Finvest completes OTS with its lenders, ready to restart its business
Religare Enterprises Limited (REL) on Thursday said its wholly-owned subsidiary Religare Finvest Limited (RFL), has completed the One-Time-Settlement (OTS) with 16 lenders by making a full and final payment of Rs 400 crore. The OTS was completed on March 8, nearly a month in advance before the deadline, as per the settlement agreement with the [...]
Housing sales in volume terms grew 11% across 7 cities in Q3: ICRA
Housing sales in volume terms grew 11 per cent in the third quarter of this fiscal across seven cities on better demand, according to rating agency ICRA. "At 149 million square feet (msf), the reported sales in Q3 FY2023 in the top seven cities in India is the highest quarterly sales recorded in over ten [...]
Two entities offload Shriram Finance’s shares worth Rs 1,329 cr
Two entities on Wednesday offloaded shares of non-banking financial company Shriram Finance's shares worth over Rs 1,329 crore through open market transactions. Private equity player Apax Partners' subsidiary Dynasty Acquisition (FPI) and Arkaig Acquisition (FPI) offloaded the shares in the NBFC firm. Dynasty sold 83.50 lakh shares on NSE, and Arkaig offloaded 24.98 lakh shares [...]
SBI raises Rs 3,717 cr from its third AT1 bond sale
The nation's largest lender State Bank of India on Wednesday raised Rs 3,717 crore through additional tier 1 bond sale. The bank said this is the third Basel III compliant additional tier 1 (AT1) bond sale and the latest issue was closed at a coupon rate of 8.25 per cent. The proceeds will be used [...]
Sensex, Nifty decline in early trade
Stock market opened lower on Thursday, with benchmark index Sensex declining nearly 150 points amid mixed global cues and broader concerns over the US Federal Reserve's interest rate trajectory. The 30-share BSE Sensex dropped 149.95 points or 0.25 per cent to 60,198.14 points, while the broader NSE Nifty fell 29.75 points or 0.17 per cent [...]
Stock to BUY: Tata group stock gets a Buy call for a potential upside of 21%
The shares of Titan Company, a Tata group stock, declined marginally and closed at Rs 2,397 levels. The stock has been on a downward trend and has shed 3 percent in a month and over a six months period, it has declined by 8 percent. Titan Company Limited, which commenced its operations in 1984, is [...]
2 Blue chip stocks ink ₹ 9,900 Cr contracts with Defence ministry; Are you holding any?
Along the lines of the ‘Atmanirbharta’ vision of the Union Government, the defence ministry signed two contracts on March 7, Tuesday with Hindustan Aeronautics Ltd. (HAL) and Larsen & Toubro (L&T) Ltd. to indigenously procure training aircraft and ships for a total value of Rs 9,900 crore. Following the update, the stock of HAL surged [...]
Jio extends 5G coverage to 27 more cities, now covers 331 cities across India
Reliance Jio, the country's largest telecom operator, on Wednesday announced the launch of its 5G services in 27 more cities of 13 states and union territories to extend its network of ultra high-speed telephony to 331 cities across India. Jio True 5G is now available in 27 additional cities in states like Andhra Pradesh, Chhattisgarh, [...]
Logistics stock to acquire 100% stake in its logistics arm; Announces dividends
The Board of Directors of Allcargo Logistics, at its Meeting held on Monday, i.e., 6th of March 2023, approved the declaration pertaining to the Interim Dividend of ₹3.25 per share which is equivalent to 162.5% on a face value of ₹2/- each. The record date has been decided to be 15th March. The dividend yield, [...]
Sensex rises over 120 points on fag-end buying; Nifty closes above 17,750
Rising for the third straight session, equity benchmark Sensex closed higher by 123 points on Wednesday, propped up by robust fag-end buying in banking and financial stocks amid a bearish trend in global equity markets. Besides, covering-up of short positions by bears supported the late recovery in stocks, helped wipe off losses, traders said. However, [...]
Multibagger stock announces dividend and bonus issue; Delivers 118% return in a month
Nettlinx Ltd, on Monday, declared 1st interim dividend for the financial year 2022-23 of Rs. 0.40 per share on a face value of Rs 10/- each. The record date has been fixed to be 17th March. Apart from the dividend declaration, they also announced a bonus issue in a 1:1 ratio with the record date [...]
6 Gas stocks that are trading at their 52-week highs, Analysts see more upside
The shares of various Indian gas companies across different verticals have been clocking their 52-week highs or near 52-week highs recently. This is alongside the two recent developments in the gas sector: a sharp drop in liquefied natural gas (LNG) prices and an increase in LPG cylinder prices. Spot LNG prices have come down by [...]
Yes Bank 3yr lock-in period is about to end; Check what analysts have to say
YES Bank Ltd, a retail investor-heavy stock, will end its 3-year lock-in period on 13th March 2023. On this, multiple brokerage firms and analysts have initiated their comments. The Bank stock started its trading session at Rs 16.85 and is currently trading at Rs 16.65. Over a horizon of a month, the stock is down [...]
IOC for developing Haldia refinery into petrochemicals complex
Oil marketing PSU Indian Oil Corporation (IOC) is keen to develop its existing refinery in West Bengal Haldia into a petrochemicals complex for “sustaining operations profitably”, a company official said on Wednesday. Running a standalone refinery is “not sustainable in terms of profitability” for which it has to be supplemented by a petrochemicals complex, he [...]
Block Deal: Multibagger stock jumps 15% amid reports of deal worth ₹ 825 Cr
The shares of Kirloskar Oil Engines Ltd jumped nearly 15 percent after a huge block deal involving 25 million shares traded hands in the early hours of Wednesday, as per the data on NSE. The deal value is estimated to be around Rs 825 Crores. Though the details of the buyers and sellers were not [...]
Jhunjhunwala stock to BUY now for an upside of 30%; Are you holding it?
In the past twelve months, the stock of the Federal Bank has rallied over 50%. The shares of the company were trading at around Rs 135 a piece during the early hours of trading on Wednesday. This is twice the gains of NIFTY Bank, the benchmark bank index during the same period. It has surged [...]
38 Stocks that gave multibagger returns since last holi and doubled investor wealth
Some parts of the country are celebrating the festival on March 07, while a few others are celebrating on March 08. Indian equity markets have outperformed their global peers for the most part of the last year. In this report, we’ll take a look at stocks that have given multibagger returns since last year. Banking [...]
Govt plans to create carryover stock of ethanol for next year on likely rise in E20 fuel demand
The government is planning to create a carry over stock of ethanol for the next year anticipating a rise in demand for E20 fuel in the country, according to a senior food ministry official. E20 fuel is a blend of 20 per cent ethanol with petrol. The government aims to achieve the 20 per cent [...]
Adani group repays share-backed financing worth Rs 7,374 crore
Embattled Adani Group on Tuesday said it has repaid share-based financing of Rs 7,374 crore (over USD 900 million) and will prepay all such remaining loans by the end of the month, as it looks to allay concerns over leverage and debt to win over investors. The repayment will release pledge on shares of promoters [...]
Power Min mandates 40% renewable purchase obligation for new coal, lignite-based thermal plants
The Ministry of Power has mandated new coal or lignite-based thermal plants to either set up renewable energy capacity equivalent to at least 40 per cent of the thermal plant's capacity or procure that much supply of green energy under renewable purchase obligation. Earlier this month the power ministry amended the Tariff Policy 2016 under [...]
NCLT approves Suraksha group’s bid for Jaypee Infratech; relief for more than 20,000 homebuyers
The National Company Law Tribunal (NCLT) on Tuesday approved the Mumbai-based Suraksha group's bid to buy Jaypee Infratech Ltd, a development that comes as a relief for more than 20,000 homebuyers nearly six years after the debt-ridden company entered into the insolvency process. The ruling, which also comes nearly two years after the Committee of [...]
FinMin holds webinar on financial services for better implementation of various Budget proposals
As part of a post-Budget Webinar, the Finance Ministry on Tuesday hosted virtual discussions on the six chosen subjects following an address by Prime Minister Narendra Modi. The webinar had six breakout sessions on various themes, including creating growth opportunities in GIFT International Financial Services Centre, facilitating seamless credit flow for MSMEs and enhancing customer [...]
Adani Power amalgamates six subsidiary companies
Adani Power on Tuesday said it has amalgamated its six subsidiaries, including Adani Power (Mundra), with itself. An amalgamation of six wholly-owned subsidiary companies of Adani Power Ltd (APL) -- Adani Power Maharashtra Ltd (APML); Adani Power Rajasthan Ltd (APRL); Udupi Power Corporation Ltd (UPCL); Raipur Energen Ltd (REL); Raigarh Energy Generation Ltd (REGL) and [...]
Equity market falls in early trade; Sensex slides 300 points
Equity market opened sharply lower on Wednesday, with Sensex sliding more than 300 points as the US Federal Reserve's hawkish view on interest rate trajectory and weak global cues hit investor sentiments. Most of the Asian markets, including Hong Kong, were also trading in the negative territory. After registering gains for two straight sessions, the [...]
Gas stock makes 52-week high after agreement to buy Ashoka Buildcon’s arm
The shares of Mahanagar Gas Ltd jumped 9.11% on Monday to reach a 52-week high of ₹ 989.50 on the National Stock Exchange (NSE) after the company announced that it has entered into definitive documents to acquire 100 percent of the shareholding of Unison Enviro Pvt. Ltd., an arm of Ashoka Buildcon for ₹ 531 [...]
Multibagger stock with 90% return in a month bags order worth ₹ 1,225 Cr; Do you own it?
WPIL Limited's stock witnessed a rally of around 8 percent on Monday’s session and closed at a price of Rs 2,208.90 levels. The stock has been on a ride of consistent rise in the stock prices wherein for a month period it has been able to generate around 91 percent upside from Rs 1,159 to [...]
Sterlite Power commissions its largest green energy corridor Lakadia-Vadodara Transmission Project
Sterlite Power on Monday said that it has successfully commissioned its largest green energy corridor in Gujarat called Lakadia-Vadodara Transmission Project. The project aims to deliver more than 5,000 MW of power from renewable rich regions of Bhuj and Kutch to the national grid, a step towards accelerating India's transition towards a greener economy, a [...]
After Exxon and Chevron, France’s Total signs up for ONGC acreage
After supermajors ExxonMobil and Chevron, French multinational TotalEnergies has signed a preliminary pact to look at opportunities to explore oil and gas in state-owned ONGC's Mahanadi and Andaman acreage. Oil and Natural Gas Corporation (ONGC) signed a memorandum of understanding (MoU) with TotalEnergies "to establish a holistic framework between the two for exchange of each [...]
Nova Agritech files draft papers with Sebi to raise funds via IPO
Manufacturer of agricultural inputs Nova Agritech Ltd has filed its preliminary papers with capital markets regulator Sebi to mobilise funds through initial public offering (IPO). Shares of the company are proposed to be listed on both NSE and BSE. The IPO comprises fresh issue of equity shares worth up to Rs 140 crore and an [...]
Icra revises thermal power sector outlook to ‘stable’ from ‘negative’ due to strong demand, recovery of dues
Rating agency Icra has revised thermal power sector outlook to 'stable' from 'negative' due to strong demand growth and realisation of dues from discoms under LPS (late payment surcharge) scheme. The Icra's outlook for the thermal power segment has been revised to stable from negative, supported by the healthy improvement in the thermal PLF (plant [...]
Olectra bags order for 550 e-buses from Telangana RTC
Olectra Greentech Limited, a subsidiary of Megha Engineering & Infrastructures Limited (MEIL), on Monday said it has received an order for 550 pure electric buses from the Telangana State Road Transport Corporation (TSRTC). A press release from the firm said it is the single largest order for electric buses in South India from TSRTC and [...]
Brokerage stock up 7.7% today; Check the details here!
The shares of 5Paisa Capital zoomed 17.65% on Monday’s early trades after the company got shortlisted as a Qualified Stock Broker (QSB) by the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). In accordance with the Securities and Exchange Board of India’s (SEBI) guidelines, the exchanges included 15 brokers as QSBs and 5Paisa [...]
Second round of auction for Reliance Capital on Mar 20
The Committee of Creditors of Reliance Capital will hold a second round of auction for the sale of company assets on March 20, sources said. This follows the National Company Law Appellate Tribunal (NCLAT) last week allowing lenders of Reliance Capital to hold an extended challenge mechanism or second round of auction for the sale [...]
Auto components industry to grow 10-15% in FY24: ACMA
India's auto components industry is expected to grow around 10-15 per cent in FY24, driven by both domestic and export market demand despite fears of recession in major markets of US and Europe, Automotive Component Manufacturers Association of India said on Monday. The auto components industry which clocked a turnover of USD 56.5 billion in [...]
Airtel announces 5G rollout in 125 more cities
Telecom operator Bharti Airtel on Monday announced the launch of its 5G services in 125 cities. With this largest-ever such roll out by the telco, Airtel 5G Plus service is now available to customers in over 265 cities in the country, according to a release by the company. The company said its 5G rollout is [...]
Sensex, Nifty close higher for 2nd day on gains in global equities; IT, financials shares advance
Benchmark indices Sensex and Nifty advanced for a second session in a row on Monday on gains in IT, banking and auto stocks following strong global trends. The 30-share BSE benchmark rose by 415.49 points or 0.69 per cent to close at 60,224.46 with 25 of its constituents ending in the green. The barometer opened [...]
Dolly Khanna chemical stock jumps 14% on news of acquisition, Do you own it?
Mangalore Chemicals and Fertilizers Limited, today, saw a jump of around 14 percent in its stock price, opening its trading session at Rs 76.65 and currently trading at around Rs 87. The core contributor to the same could be the recent acquisition by the company. The company, being the target company, will be acquired by [...]
NTPC logs nearly 12% growth in electricity generation in April-Feb this fiscal year
State-owned power giant NTPC on Monday said that it has logged nearly 12 per cent growth in electricity generation to 364.2 billion units in April-February period this fiscal compared to year ago. "NTPC Ltd registered 11.92 per cent growth in generation i.e. 364.2 BU in FY23 till February month, compared to the country's generation growth [...]
Pakistan seeks Saudi Arabia’s confirmation for funds to ink IMF deal
Cash-strapped Pakistan is seeking Saudi Arabia's confirmation for securing additional deposits of USD 2 billion and a USD 950 million loan from the World Bank and the AIIB for signing a Staff-Level Agreement (SLA) with the IMF, media reports said on Monday. Pakistan is eagerly waiting for the USD 1.1 billion tranche of funding from [...]
2 Multibagger Jindal Group stocks at 52-week high; Are you holding them?
As one of India's leading business conglomerates, the Jindal Group is engaged in a diverse portfolio of businesses and achieved rapid growth over the years. Two stocks of the group, namely Jindal Stainless (Hisar) Limited and Jindal Stainless Limited are set to merge and the same will be done by the end of FY2023. Here [...]
Multibagger stock delivers 54% in a month after getting benefits from Budget, Are you holding it?
With a market capitalization of ₹ 11,866 crores, Finolex Cables is a small-cap company engaged in the manufacturing of electrical and telecommunication cables in India. It has been in existence for more than 50 years and has forayed into the manufacturing of Fast-Moving Electrical Goods (FMEG) and home appliances segment. The shares of Finolex cables [...]
BSE jumps 9% after SEBI designates 15 stock brokers as QSBs; Check the brokerages list here
BSE Ltd, started the week by gaining as much as 8.98% on Monday’s early trades to reach an intraday high of ₹ 488.65 apiece on the National Stock Exchange (NSE). Its shares were trading at ₹ 483.75 apiece, up 7.90% at 11:51 AM on Monday. The bourses have designated 15 trading platforms as Qualified Stock [...]
Govt to bring retail trade policy to promote ease of doing biz for traders
The government is working to bring a national retail trade policy for brick and mortar retail traders with an aim to promote ease of doing business, a senior official said on Monday. Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv said that the policy would also help in providing [...]
Small cap Pharma stock jumps 2% and makes a new 52-week high
Procter & Gamble Health Limited, today, touched a milestone of achieving their 52-week high figure at Rs 5,147.90, which is the day’s high number as well. The company marked its all-time high figure at Rs 7,499.95 in February 2021 and comparing that price with the current levels, there is a fall of around 33.3 percent. [...]
HCL Tech aims to double semiconductor biz in 4 years; group needs 2 years to build fab
IT company HCL Technologies expects to double semiconductor services business in 3-4 years following capabilities that it will develop around electronic chip plants to be set by its group firm, a senior company official said here. HCL Group is among the companies that have applied to set up electronic chip plants under the "Scheme for [...]
Bank of Baroda reduces home loan rate by 40 bps to 8.5% until Mar 31
State-owned Bank of Baroda (BoB) on Sunday slashed its home loan interest rates by 40 basis points (bps) to 8.5 per cent to beat the competition. Further, the bank also reduced its MSME loan interest rates starting at 8.40 per cent. Both offers are with effect from March 5, 2023, and are valid for a [...]
IndiGo looks to enable codeshare connectivity to US, Canada
IndiGo on Sunday said it is looking at enabling codeshare connectivity to the US and Canada through its partnership with Turkish Airlines. On Friday, a senior official told PTI that the airline has received approval from the civil aviation ministry to wet lease up to two planes for operating flights to the United States and [...]
Sensex crosses 60,000 level in early trade; Nifty tests 17,700
Equity market opened on a strong note on Monday, with the benchmark crossing the 60,000 level and Nifty making strong gains amid positive global cues. BSE Sensex jumped 554.06 points or 0.91 per cent to 60,363.03 points, while the broader NSE Nifty climbed 143.35 points or 0.81 per cent to 17,737.70 points. As many as [...]
Weekly Recap: Tata Motors crosses 50 lakh passenger vehicle production, Indian GDP grows at 4.4% and more
Domestic benchmark indices opened in the Red on Monday. The thirty-share BSE Sensex opened 132.62 points lower at 59331.31 points and the fifty-share NSE Nifty 50 opened 37.2 points lower at 17428.60 points. On Friday, the indices posted their biggest single-day gain in the past few weeks. The rally in Adani group stocks added a [...]
Top Stock Picks: 8 Stocks to BUY now for an upside of up to 60%
We believe that there is more steam left to this pullback rally and hence it can extend higher till 17,700 where resistance in the form of the 50% Fibonacci retracement level (17,695) and the 20-day moving average (17,703) is placed. Considering the sharp up move in today’s trading session a consolidation cannot be ruled out. [...]
₹ 1 Lakh To ₹ 1.13 Crores: Multibagger chemical stock that increased investors wealth after bonus issue
Many investors believe in the power of long-term investing. There have been many stocks that have given multibagger returns to their investors and have made fortunes for them. One such stock is of a chemical company SRF Ltd. One of the most common ways by which a stock has given multibagger returns is by appreciation [...]
FinGrad opens Biggest Holi Festive Sale; Big Opportunity for Learners, Says Founder Kritesh Abhishek
The Bangalore-based startup, FinGrad Academy, has launched a massive Festive Sale on Holi with 50% off on the Annual Plan between 3rd to 9th March’22. FinGrad is a stock market learning platform that offers premium courses on trading and investing. A few of the top courses that users will get along with the premium subscription [...]
3 Multibagger Ashish Kacholia stocks with a high CAGR of up to 230%; Do you hold any?
Big-Whale Ashish Kacholia is well-known for staying away from the media and avoiding interviews and journalists. He likes his portfolio to speak for itself. The ace investor has invested in over twenty stocks and has a varied portfolio that includes hospitality, education, infra and manufacturing stocks. Here are three multibagger stocks in his portfolio that [...]
4 Multibagger stocks with high promoters holding of more than 70%; Do you hold any?
High promoters holding in a company generally indicates that the promoters have faith in the company and expect higher business growth in the future. This in turn builds a positive image of the company in the minds of investors and thus tends to attract more investments. Here are 4 stocks that have not only delivered [...]
Is worst over for Adani Group? What do rally in Adani Stocks Mean?
After a massive loss in market capitalization, following the Hindenburg report, Adani group stocks seem to have recovered. Adani Enterprises closed 16.60% higher, while Adani Ports and SEZ settled 9.76% higher. Moreover, the other 5 listed companies of the group hit the 5% upper circuit mark on Friday. Company 1 day returns (%) 5 days returnAdani [...]
Cargo traffic at major ports rises 12% in February: IPA
Cargo traffic at the country's major ports increased 11.79 per cent to 65.45 million tonnes in February from 58.55 million tonnes in the same month a year ago, according to Indian Ports Association (IPA). The positive growth in cargo traffic was recorded by all major ports except Visakhapatnam, Kamarajar and Chennai Ports, it said. India [...]
Investors’ wealth climbs Rs 3.43 lakh crore on market rally
Equity investors became richer by Rs 3.43 lakh crore on Friday amid an overall positive trend in the market and the benchmark Sensex jumping nearly 900 points. The BSE Sensex zoomed 899.62 points or 1.53 per cent to settle at 59,808.97 points. During the day, the benchmark rallied 1,057.69 points or 1.79 per cent to [...]
BSE working to revive Sensex-30 derivatives: MD & CEO
The BSE is planning to reintroduce its Sensex-30 derivatives and is in the process of collecting feedback from members, the MD and CEO of the premier bourse, Sundararaman Ramamurthy, said on Friday. The Sensex-30 derivatives products (options and futures), which were launched in 2000, had failed to generate much interest among investors compared to the [...]
Embassy Group sells 4.2 crore shares in Embassy REIT to Bain Capital for Rs 1,250-1,300 crore
Realty firm Embassy Property Developments Pvt Ltd has sold 4.2 crore shares in Embassy Office Parks REIT to Bain Capital for Rs 1,250-1,300 crore to pare debt. Bengaluru-based Embassy Group has entered into a strategic sale of a certain portion of its shareholding in Embassy Office Parks REIT to Bain Capital, according to a company [...]
RBI imposes Rs 3.06 crore penalty on Amazon Pay (India) for violation of norms
The Reserve Bank of India on Friday said it has imposed a penalty of over Rs 3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction. "It was observed that the entity was non-compliant with the directions issued by RBI [...]
Tata group aiming at net-zero emission by 2045
Tata Steel Vice-Chairman Noel N Tata on Friday said the issue of climate change can no longer be ignored and Tata group was aiming at net-zero emission by 2045. Noel Tata was here to pay homage to Tata Steel founder and doyen of Indian industries Jamsetji Nusserwanji Tata, on his 184th birth anniversary. Tata Steel [...]
FMCG stock declares an interim dividend of 450%; Check the details for ex-date
Marico Limited, one of India’s leading consumer products companies in the global beauty and wellness space, declared an interim dividend of 450 percent on a face value of Rs 1. The ex-date and record date for the dividend is the 8th of March, 2023. It simply describes that a shareholder with 1 share, as of [...]
Sensex rallies nearly 900 points; Nifty jumps over 272 points on firm global trends
The Sensex jumped nearly 900 points and the Nifty rallied over 272 points on Friday, bouncing back from the previous day's fall, following a positive trend in global equities and fresh foreign fund inflows. The BSE Sensex rallied 899.62 points or 1.53 per cent to end at 59,808.97 after starting the trade on a positive [...]
Tech Mahindra to invest Rs 700 cr in products and platforms division in two years
IT services company Tech Mahindra on Friday said it will invest up to Rs 700 crore in the newly carved out division of products and platforms in the next two years. The Mahindra group company is already present in the products and platforms business with its acquisition of the telecom sector-focused Comviva and other offerings [...]
Tata Vs Reliance: Which company will get the ₹ 19,500 Cr deal?
Solar module makers like Reliance Industries and Tata Power company were among the bidders for ₹ 19,500 Cr ($ 2.4 billion) in financial incentives that India is offering, to curb imports of panels from dominant producer China, and boost domestic manufacturing. A few other companies showing interest in the deal include US firm First Solar [...]
World Bank commits USD 1 bn to India for public healthcare infra
The World Bank and India on Friday signed two complementary loans of USD 500 million each to support and enhance the country's healthcare infrastructure. Through this combined financing of USD 1 billion (about Rs 8,200 crore), the bank will support India’s flagship Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), launched in October 2021, to improve [...]
Mini Ratna PSU stock pays a dividend of ₹ 1354 crores to the government; Check the details here
The government recently received an interim dividend of ₹ 997.75 crores from State-owned hydropower giant NHPC for 2022-2023, according to the company’s statement. NHPC had already paid an interim dividend of ₹ 356.34 crores to the government during the financial year 2022-23 as the company had declared a final dividend for the financial year 2021-22. [...]
Energy stock jumps more than 7% after it bags a 500 MW battery energy storage project
Shares of JSW Energy appreciated to the tune of 9.08% on Friday’s early trades after the management highlighted that the company has received a letter of acceptance for a 500 MW battery energy storage project in January 2023. Its shares were trading at ₹745.00 apiece, up 7.06% at 12:40 PM. The Power company said that [...]
Apple phones to be built in new 300 acre factory in Karnataka, CM says it will create 1 lakh jobs
Apple phones would be built in a new 300-acre factory in Karnataka creating about one lakh jobs, according to Union Minister of State for Electronics and IT Rajeev Chandrasekhar and Chief Minister Basavaraj Bommai. Apple phones to be built in a new 300-acre factory in Karnataka, tweeted Chandrasekhar. [...]
No proposal as of now to increase sugar export quota from 60 lakh tonnes: Food Secretary Sanjeev Chopra
The government is not considering any proposal as of now to increase the sugar export quota from the present 60 lakh tonnes for this marketing year ending September, Union Food Secretary Sanjeev Chopra said. The food ministry has allowed 60 lakh tonnes of sugar exports for the current 2022-23 marketing year (October-September). The country had [...]
AP clinches investments worth Rs 13 lakh Cr at Investors Summit: CM Jagan Mohan Reddy
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Friday said the state has received investment proposals worth Rs 13 lakh crore with an employment opportunity for six lakh people. Speaking at the inaugural session of the Global Investors Summit 2023 being held here, Jagan Mohan Reddy said the investment proposals are from Reliance, Adani [...]
Multibagger PSU stock rises by more than 7% on speculations of Privatisation
UCO Bank shares opened today at Rs 26.30 and in a few trading hours it has gone up around 7 percent and currently trades at Rs 28. The stock jumped on speculation of privatization. As per reports, the shares of the bank skyrocketed due to a buzz with respect to privatization and would, thus, be [...]
GMR Group to invest Rs 5,000 Cr on Bhogapuram Airport in AP: GM Rao
The GMR Group which is in the process of developing an international airport at Bhogapuram near here will be investing Rs 5,000 crore on the aerodrome in the first phase. Speaking at the inaugural session of the Global Investors Summit 2023 being held here, GM Rao, chairman of GMR Group said the first phase of [...]
4 Bank stocks jump up to 8% in the early hours of Friday; Do you hold any?
The Domestic indices opened Friday’s session broadly higher. The NSE Nifty 50 climbed 110.60 points or 0.64% to start at 17,432.50 levels and BSE Sensex rose 349.05 points or 0.59% to 59,258.40. Meanwhile, the Bank Nifty surged 325.20 points or 0.81% to 40,715.00 levels and the Nifty PSU Bank index jumped 3.56% to 3,900.70. As [...]
Adani to set up cement plants, data centre in Andhra Pradesh
Adani group will set up two new cement manufacturing plants, 15,000 MW of renewable power projects and a data centre in Andhra Pradesh as it looks to double down on its presence in the state, Karan Adani, founder family's scion, said on Friday. The apples-to-airport group plans to double the capacity of the two sea [...]
Mukesh Ambani, others attend Global Investors Summit in Visakhapatnam
With the presence of industry bigwigs such as Mukesh Ambani of Reliance Group, GM Rao of GMR Group, founder-chairman of Cyient BV Mohan Reddy, the Global Investors Summit 2023 "Advantage Andhra Pradesh" began here on Friday. The sprawling sports grounds of Andhra University is hosting the two-day meet, where about 200 stalls have been set [...]
Tata Motors crosses 50 lakh passenger vehicle production milestone
Tata Motors on Friday said it has crossed 50 lakh cumulative passenger vehicle production milestone. The auto major achieved the 10 lakh production mark in 2004 and the 20 lakh milestone in 2010. It crossed 30 lakh units in 2015 and 40 lakh units in 2020. "This journey, from each million to the next, has been [...]
Tata Steel Mining signs MoU with GAIL to get clean fuel
In order to reduce carbon footprint in its operations, Tata Steel Mining Limited has signed a Memorandum of Understanding (MoU) with GAIL (India) Limited for supply of natural gas to its Ferro Alloys Plant at Athgarh in Odisha’s Cuttack district. According to the MoU, GAIL will supply the agreed quantity of natural gas through its [...]
Stocks to Watch: 5 Multibagger stocks with a high Piotroski Score of upto 9
The Piotroski score is a way to determine some of the best value stocks. It is a score between zero and nine and is used to determine the strength of a company’s financial position. It considers factors such as profitability, liquidity, operating efficiency, cash flows, and debt situation. A score of zero is the lowest, [...]
India’s services sector activity hits 12-year high in Feb: PMI
The Indian services sector expanded at the strongest rate in 12 years in February supported by favourable demand conditions and new business gains, a monthly survey said on Friday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 57.2 in January to 59.4 in February -- its highest level in 12 [...]
IndiGrid completes acquisition of Khargone Transmission Ltd
India Grid Trust (IndiGrid) on Thursday announced completing acquisition of 100 per cent "shareholding and economic interest" in Khargone Transmission Ltd from Sterlite Power Transmission Ltd (SPTL). IndiGrid is India's first listed power sector infrastructure investment trust (InvIT) and STL is one of the sponsors of IndiGrid. "IndiGrid announces the completion of acquisition of 100 [...]
VCs neglecting profits wrong, valuation focus for sartups becoming a ponzi scheme in many cases: Murthy
Infosys founder N R Narayana Murthy on Thursday stressed that venture capital funds need to focus on profitability at startups as well, and warned that the focus on valuations is creating a "ponzi" scheme. Speaking at the annual Nasscom event here, Murthy said many startups are witnessing repeated rounds of funding at higher valuations, the [...]
MP Natural Resources bags coal mine in Madhya Pradesh
MP Natural Resources Pvt Ltd bagged a coal mine in Madhya Pradesh on the fourth day of commercial coal mines auction on Thursday. Two coal mines were put up for e-auction. The auction of the other mine in Madhya Pradesh was underway. In a statement, the coal ministry said both the mines are fully explored [...]
Titagarh-BHEL consortium sets Vande Bharat trains’ contract value close to Rs 25,000 crore: Official
The contract value of Vande Bharat trains for Titagarh Wagons Ltd (TWL)-Bharat Heavy Electricals Ltd (BHEL) consortium is estimated at Rs 25,000 crore for manufacturing of 80 train sets and maintaining them for the next 35 years, a senior company official said on Thursday. Russia's CJSC Transmashholding and Rail Vikas Nigam Ltd (TMH-RVNL) consortium has [...]
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