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Penny stock jumps 3% after agreement for KYC verification for Ayushman Bharat Pradhan Mantri Jan Arogya Yojana
This Microcap stock which operates in the business of e-Governance services and products trading, and other services related to e-Governance was up 3.5 percent after the company’s agreement with Star Health Agency under Ayushman Bharat. Price Action With a market capitalization of Rs. 596.28 Crores, the shares of Alankit Limited were up by 3.5 percent [...]
Stock under ₹100 hits 5% upper circuit after receiving LOI from Reliance Industries
Stock engaged in the business of dealing with colors, agrochemicals and specialty chemicals, raw materials, chemical intermediates, and many more hits 5 percent upper circuit in the day’s trade upon receiving LOI from Reliance Industries for recycling services. Price Action With a market capitalization of Rs. 102 Crores, the shares of Kemistar Corporation Limited hit [...]
Solar stock hits upper circuit after receiving ₹8 Cr order from Central Railways for rooftop solar plants
Multibagger stock engaged in the business of providing Mechanized Cleaning, Conservancy, manpower supply, solar energy-related services, and many more hits 2 percent upper circuit in the day’s trade upon receiving new work order worth Rs. 8.2 Crores from South Central Railways. Price Action With a market capitalization of Rs. 506 Crores, the shares of Dynamic [...]
Chemical stock jumps 16% after it announced capacity expansion of 90 TPA per annum
This Microcap stock which deals in manufacturing caustic soda is up by 16.5 percent after the company announced the capacity expansion of an additional 90 tonnes per annum. Price Action With a market capitalization of Rs. 436.80 Crores, the shares of Lords Chloro Alkali Limited were up by 16.5 percent in the day’s trade touching [...]
FMCG stock jumps 3% after it signs MoU with Coca Cola to purchase portfolio of sparkling beverage
The shares of the food service provider gained up to 3 percent after the company entered into a Memorandum of Understanding (‘MoU’) with Coca-Cola India Private Limited. With a market capitalization of Rs 47,436.27 crore, the shares of Jubilant FoodWorks Ltd were trading at Rs 718.90 per share, increasing around 2.17 percent as compared to [...]
Stocks to benefit after Govt plans tenders for 7.8 LTPA for production of green hydrogen and its derivatives in 2025
In 2025, the Indian government plans to issue more tenders for green hydrogen production, targeting an additional 7.8 LTPA capacity said by Union Minister for New and Renewable Pralhad Joshi. This follows the successful awarding of 4.12 LTPA in 2024, with Rs. 3,055 crore in subsidies. The government will also release new standards for green [...]
Stocks in which FII increased their stake by up to 3.14% in December; Are you holding any?
Foreign Institutional Investors (FIIs) are significant players in global financial markets, comprising various entities such as mutual funds, pension funds, and hedge funds, among others. They invest substantial capital across international borders, influencing the market dynamics, liquidity, and investment trends, thus playing a crucial role in shaping global investment landscapes and economic development. Here are [...]
Stock under ₹50 in focus after receiving orders worth ₹8 Cr from JSW Group
In Thursday’s trading session, the shares of one of the prominent Indian companies specialised in the supply and installation of electrical systems stock in focus upon receiving work orders worth Rs. 8.29 Crores from JSW Renew Energy (Kar) Limited and JSW Renew Energy Three Limited. Price action With a market capitalization of 77.42 Crores on [...]
FMCG stock jumps 3% after LIC, Aditya Birla, and other bought stake in the company
In Thursday’s trading session, the shares of one of the leading FMCG stocks specialized in manufacturing and distribution speciality fats and butter and exotic products, jumps upto 3 percent following following a block deal of a 3 percent stake involving LIC, Aditya Birla, and Bank of India mutual funds Price action With a market capitalization [...]
Defence stock hits upper circuit after receiving supply order for submarine spare parts
During Thursday’s trading session, the shares of a company engaged in the business of manufacturing and servicing shipboard machinery and a leading force in India’s defence manufacturing sector are in focus, after receiving an order worth Rs. 3.91 crores for the supply of submarine spare parts. With a market cap of Rs. 1,338.7 crores, the [...]
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If banks are to be saved, depositors have to be provided security; we have saved banks, provided security to depositors: Modi. PTI DP ANZ DRR DRR
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Guaranteed time-bound deposit insurance payment within 90-days covers Rs 76 lakh cr of deposit in banks: PM Modi. PTI DP ANZ DRR DRR
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Govt has increased the amount that depositors can get from banks under stress to Rs 5 lakh from Rs 1 lakh, covering 98 pc a/c holders: Modi. PTI DP ANZ DRR DRR
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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
RBM Infracon brings its IPO of ₹837 lakhs on 23rd December To be listed on NSE Emerge
RBM Infracon Limited, engaged in the business of engineering, execution, testing, commissioning operation and maintenance, particularly in the field of mechanical and rotary equipment brings its IPO of 2,325,000 shares aggregating ₹837 lakhs. The face value per share is ₹10 and the issue price per share is ₹36. The lot size is of 3000 shares. [...]
India has signed 13 FTAs, six preferential pacts so far, says minister
India has signed 13 free trade agreements (FTAs) and six preferential pacts so far with its trading partners for ensuring greater market access for domestic goods and promoting exports, Union minister Anupriya Patel said on Wednesday. The country has recently signed three such agreements with Mauritius, the UAE and Australia. Further, India is also actively [...]
Lupin receives USFDA’s nod for generic version of Brivaracetam tablets
Pharmaceuticals firm Lupin Ltd on Wednesday said it has received an approval from the US health regulator for the generic version of Brivaracetam tablets used for control of partial onset seizures. The approval by the US Food and Drug Administration (USFDA) is for Brivaracetam tablets of strengths 10 mg, 25 mg, 50 mg, 75 mg, [...]
Jefferies adds 2 metal stocks to its preferred bets after removing Zomato, Airtel and more
Global brokerage Jefferies said that its model portfolio has outperformed the Nifty by 209 bps from January to October 2022. However, since then it has underperformed as it raised cash, and the performance of the metals and the auto sector reversed. In its recent portfolio rejig, Jefferies chose two metal stocks — Tata Steel and [...]
IndiGrid, G R Infraprojects partner to bid for power transmission projects worth Rs 5,000 crore
Infrastructure investment trust India Grid Trust and G R Infraprojects have joined hands to bid for identified power transmission projects worth Rs 5,000 crore. "India Grid Trust (IndiGrid), India's first listed power sector infrastructure investment trust (InvIT) and G R Infraprojects Ltd (GRIL), one of India's leading players in Infrastructure sector, have announced a strategic [...]
IL&FS transfers two more road assets worth Rs 976 crore to Roadstar Invit
IL&FS on Wednesday said that it has transferred two more road projects -- Hazaribagh Ranchi Expressway and Thiruvananthapuram Road Development Company -- to Roadstar Infra Investment Trust at an enterprise value of Rs 979 crore. The infrastructure sector finance firm which went under insolvency in September 2018 still has four more road special purpose vehicles [...]
Airtel launches 5G services in Ahmedabad, Gandhinagar, Imphal
Telecom operator Bharti Airtel on Wednesday announced the launch of high-speed 5G services in Ahmedabad and Gandhinagar. The company also announced the roll out of 5G services in Imphal. In a statement anouncing that 5G services have gone live in Ahmedabad and Gandhinagar, the company said that the services are currently operational at SG Highway, [...]
Private cryptocurrencies can cause next financial crisis if allowed to grow, warns RBI Governor
Pressing for the prohibition of instruments like Bitcoin, Reserve Bank Governor Shaktikanta Das on Wednesday warned that the next financial crisis can be triggered by private cryptocurrencies, if such speculative instruments are allowed to grow. Das has been staunchly opposed to such instruments and the RBI has gone till the Supreme Court with its contention. [...]
CAI lowers cotton crop estimate to 339.75 lakh bales for 2022-23
The Cotton Association of India (CAI) on Tuesday reduced the cotton crop estimate by 4.25 lakh bales to 339.75 lakh bales for the 2022-23 season, beginning from October 2022, as the production in Haryana, Andhra Pradesh and Karnataka is expected to decline. The total cotton production in the last season is estimated at 307.05 lakh [...]
IIFL fintech fund picks up 16% in Samadhan for USD 2 mn
The IIFL Group's early-stage investment vehicle, IIFL Fintech Fund, has invested USD 2 million (around Rs 16.5 crore) in insurance technology startup Insurance Samadhan for a 16 per cent stake, valuing the platform at around USD 13 million (around Rs 107 crore). The startup also received another USD 1 million from other investors in the [...]
Auto components industry grows 34.8% to Rs 2.65 lakh crore in H1 FY23
India's auto components industry witnessed a 34.8 per cent growth to Rs 2.65 lakh crore in first-half of 2022-23, riding on domestic demand, particularly from the passenger vehicles segment, the Automotive Component Manufacturers Association of India said on Wednesday. During the period, exports of components grew by 8.6 per cent to USD 10.1 billion (Rs [...]
Property Technology Firm Homesfy Realty SME IPO Opens for Subscription: Here’s all you Need to Know
With more than 600 listings on BSE & NSE SME exchanges and the notable success of many SME IPO, investors have started showing interest in this new category of SME IPOs. A wave of fresh air comes for the realty sector with a young property technology firm, Homesfy Realty opening its IPO for subscription on [...]
3 Stocks recommended by JM Financials that can deliver up to 47% returns
The Indian stock market remained volatile on Wednesday ahead of the release of the Reserve Bank of India's latest policy meeting minutes and key macroeconomic data from the U.S. Till the afternoon, the Nifty 50 was trading 210.90 points or 1.15% lower at 18,174 levels while the BSE Sensex had shed 680.66 points or 1.10% [...]
Multibagger penny stock jumps 13% as FIIs buy 5 lakh shares worth ₹ 1.1 crore
The shares of Tirupati Forge Ltd, a small-cap company advanced 13.37% to reach a fresh 52-week high of ₹ 25.00 apiece on Wednesday’s early trades. This happened after Aegis Investment Fund, a Mauritius-based foreign institutional investor (FII) bought its shares. Its shares were trading at ₹ 23.60 apiece at 12:00 PM. According to the data [...]
J&K Bank signs MoU with Ladakh Administration
Jammu and Kashmir Bank on Tuesday signed a memorandum of understanding with the Administration of Ladakh union territory, conferring preferential status to each other. According to the MoU, the Ladakh UT Administration would nominate J&K Bank as ‘preferred banker’ for all its banking-related services, while as, J&K Bank would give the ‘most favoured client’ status [...]
Govt probing 12 automakers for alleged misappropriation of subsidies under FAME scheme
The government is probing 12 automakers including Hero Electric Vehicles and Okinawa Autotech for alleged misappropriation of subsidies under the Rs 10,000 crore FAME scheme, Union Heavy Industries Minister Mahendra Nath Pandey informed Parliament on Tuesday. The complaints received the government mainly relate to violation of Phased Manufacturing Programme (PMP) guidelines under FAME India Scheme [...]
Low demand, rise in raw material prices key problems of MSMEs: Survey
The decline in demand and rise in raw material prices due to high transportation costs are the major problems faced by micro, small and medium enterprises in the last 27 months, according to a survey. The report by Bhartiya Yuva Shakti Trust (BYST) also said that though markets have stabilised, about 57 per cent of [...]
₹ 15 to ₹ 1495: Small cap Multibagger Stock turns ₹ 1 lakh to ₹ 97 lakhs in just 6 years
The Shares of Aditya Vision Limited have delivered 9,671% in just six years, as the share price has risen from Rs 15.3 in December 2016 to the current level of Rs 1,495 on the BSE. Aditya Vision Limited is a dynamic, fastest-growing, and service-oriented electronic Retail Chain in Bihar. The company is a group of [...]
Cosmea pulls out of race to acquire Reliance Capital
Mumbai-based NBFC Cosmea Financial Holdings has pulled out of the race to acquire debt-ridden Reliance Capital Ltd (RCL) under an insolvency run bid process, sources said. Cosmea combined with Piramal Group had put in a bid to acquire Anil Ambani Group's erstwhile company but sources said Piramal still continues to be interested in the auction [...]
Future Enterprises defaults on Rs 6.07 crore interest payment for NCDs
Debt-ridden Future Enterprises Ltd (FEL) on Tuesday said it has defaulted on interest payment of Rs 6.07 crore for non-convertible debentures. The due date for payment was December 19, 2022, it said in a regulatory filing. "The company is unable to service its obligations in respect of the interest on Non-Convertible Debentures due on December [...]
Twitter rolls out grey tick mark for govt, golden for companies
Social media platform Twitter has started rolling out a grey tick verification mark for government-related accounts and a golden tick mark for companies while the rest of the verified accounts will get a blue tick mark. With the rollout, Twitter has replaced the blue tick mark of the Government of India's handle with a grey [...]
Kotak Securities says Nifty to grow 14% in 2023 despite rising downside risks to economic growth
Indian equities will continue to witness strong investor interest next year as well, and are expected to gain nearly 14 per cent over Tuesday's close, a domestic brokerage said. The 50-share benchmark Nifty is estimated to be at 20,922 points by the end of 2023, which is nearly 14 per cent higher than the 18,385.30 [...]
Govt approves Rs 357 crore for Foxconn under PLI for mobile phones
The government has approved Rs 357.17 crore for Apple's vendor Foxconn India and Rs 58.29 crore for Dixon Technologies subsidiary Padget Electronics under the Production-Linked Incentive scheme for mobile phones. This is the first time the government has cleared an incentive of a global company engaged in electronics manufacturing in the country. "Foxconn Hon Hai [...]
Dabur promoters offload 1% stake through block deal
Home-grown FMCG major Dabur India on Tuesday said its promoters the Burman family have sold shares amounting to about 1 per cent stake in the company through the open market to raise funds for financing some ventures. "Burman family, who are part of the majority shareholders of Dabur India Ltd, have sold approximately 1 per [...]
Stocks to BUY: 2 Gas stocks that can deliver up to 47% returns after PNGRB makes policy changes
The Indian gas industry seems to be all set for a rapid turnaround ahead after the Petroleum and Natural Gas Regulatory Board (PNGRB) announced multiple changes to pipeline tariff regulations. These changes are with respect to volume, capacity, tax rate, opex, and more. According to the analysts from the brokerage from ICICI Securities, Gujarat State [...]
Shyam Metalics to invest Rs 7,500cr in 4-5 yrs, forays into stainless steel biz
Shyam Metalics and Energy Ltd on Tuesday said it has forayed into the stainless steel business by acquiring Mittal Corp Ltd in an NCLT-led resolution process. The company will invest about Rs 7,500 crore over the next 4-5 years to scale up its metal business, Shyam Metalics vice-chairman and managing director Brij Bhusan Agarwal said. [...]
CCI approves Brookfield’s minority stake buy in UPL SAS
The Competition Commission of India (CCI) on Tuesday said it has approved Woodhall Holdings Ltd's acquisition of a minority stake in UPL Sustainable Agri Solutions Ltd (UPL SAS). The deal has been cleared under the green channel route. Under this framework, transaction which does not raise any risk of an appreciable adverse effect on competition [...]
Trucap Finance buys out retail MSME book of EZ Capital, gets Rs 105cr funding from Zeal Global
MSME-focused shadow lender Trucap Finance has announced two deals -- buying out the retail MSME book of the Jalandhar-based EZ Capital in a share swap deal and a Rs 105 crore funding in a mix of equity and debt from the Mauritius-based fund Zeal Global. The city-based NBFC has a loan book of around Rs [...]
Building material maker Visaka’s Rs 130-cr new plant in Bengal by Aug 2023
Building material manufacturer Visaka Industries Ltd on Tuesday said its Rs 130-crore plant that is being built in West Bengal will be operational by August 2023. The project will raise the total capacity of environment-friendly boards and panels to 3.5 lakh tonne, a company official said. This will be Visaka’s fifth cement fibre board plant [...]
Delhivery to acquire supply chain solutions provider Algorhythm Tech
Logistics firm Delhivery on Tuesday announced that it will acquire Pune-based supply chain solutions provider Algorhythm Tech to strengthen its offerings in this space. Post completion of the transaction, which is expected to be completed by next month, Algorhythm Tech will operate as a wholly-owned subsidiary of the company, Delhivery Ltd said, without disclosing the [...]
Multibagger Chemical Stock which gave 781% returns has announced a stock split; Check the details
Vishnu Chemicals Limited is a small-cap business that operates in the chemical industry. It has been making and supplying chemicals for international firms in the steel, glass, pharmaceutical, pigments and dyes, leather and related sectors for three decades. The company informed the exchanges that its board has passed the necessary resolutions and has fixed Friday, [...]
Airtel acquires about 8% stake in Lemnisk
Telecom operator Bharti Airtel has acquired a strategic stake of around 8 per cent in Lemnisk under its startup accelerator programme for an undisclosed amount, the company said on Tuesday. Bengaluru-based Lemnisk offers real-time marketing automation and secure Customer Data Platform (CDP) capable of orchestrating one-to-one personalisation and cross-channel customer journeys at scale that increases [...]
Just Dail shares slip as Reliance Retail Ventures looks to sell a 2% stake
The shares of Just Dial dropped 2.32% on Tuesday’s deals to reach a 52-week low of ₹ 607.00 apiece on the National Stock Exchange (NSE). This happened amid reports that Reliance Retail Ventures (RRVL), its promoter, proposed to sell a 2% stake in the company via open market transactions. The Mukesh Ambani-led company is the [...]
Capacit’e Infraprojects bags Rs 117 crore order from DLF
Construction firm Capacit'e Infraprojects Ltd on Tuesday said it has bagged an order worth Rs 117.20 crore from DLF Ltd for the construction of a mall in Goa. The contract amount of Rs 117.20 crore excludes GST and labour cess. "Capacit'e Infraprojects Ltd has been a preferred construction company for leading corporates in India. In [...]
Salasar Techno Engineering bags power projects worth Rs 750 cr in UP
Salasar Techno Engineering Limited (STEL) on Tuesday said it has bagged orders of about Rs 750 crore from Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL). The work orders are for the development of distribution infrastructure for loss reduction in Bulandshahar, Hapur, Baghpat and Meerut districts of Uttar Pradesh under Revamped Reforms based and Result Linked Distribution [...]
Hinduja Global Solutions down 3% as board approves share buyback worth Rs 1,020 crore
The board of Hinduja Global Solutions Ltd has approved the buyback of its shares from the markets at a premium of 25 percent from the current levels. On December 19th, the board of the company approved a buyback of 60 lakh shares worth Rs 1,020 crore. On the news, the shares of the Hinduja group [...]
Power discoms outstanding dues reduced by Rs 29,857 cr to Rs 1,08,092 cr: Power minister
Power distribution utilities or discoms' total outstanding dues reduced by Rs 29,857 crore to Rs 1,08,092 crore, which were Rs 1,37,949 crore on June 3, 2022, Parliament was informed on Tuesday. One of the key indicators of financial distress of discoms is mounting power purchase dues towards the generation companies (gencos). With the implementation of [...]
Radiant Cash Management IPO to open on Friday; sets price band at Rs 94-99 per share
Radiant Cash Management Services on Tuesday said it has fixed a price band of Rs 94 to Rs 99 a share for its Rs 388-crore initial public offering. The initial share-sale will open for public subscription during December 23-27, the company said in a statement. The IPO comprises fresh issue of shares worth up to [...]
Tata Motors migrates dealer management system to Oracle Cloud Infrastructure to enhance productivity
New Delhi, Dec 20 (PTI) Oracle and Tata Motors on Tuesday announced the migration of the automotive company's entire Dealer Management System to Oracle Cloud Infrastructure (OCI). The move is expected to bolster the operational efficiencies of Tata Motors, with deeper business insights, greater security, increased flexibility, and cost optimisation, according to a statement. "With [...]
Motilal Oswal Asset Management to accept fresh subscriptions in international funds
Motilal Oswal Asset Management Ltd on Tuesday announced that it will withdraw temporary suspension of subscriptions in five of its international funds from January 1, 2023. The asset management company (AMC) will now be accepting fresh subscriptions in these schemes via Lump-sum and Systematic Investment Options without any restrictions, according to a statement. The five [...]
Axiscades bags repeat work order from Airbus to provide engineering services
Homegrown Axiscades Technologies on Tuesday said it has received a repeat work order to provide engineering services for product design for all aircraft programmes of global aerospace leader Airbus. In a statement, Axiscades said it has "bagged repeat work order to provide engineering services for product design and development and plant engineering for all Airbus [...]
Nextracker to supply solar trackers for NTPC’s Nokh project in Rajasthan
Solar tracker provider Nextracker on Tuesday said it has inked a pact with Amara Raja Power Systems Selects to supply solar trackers for state-owned power giant NTPC's 306 MWp Nokh project. "Nextracker, the leading global provider of intelligent solar tracker and software solutions announced the signing of a master supply agreement (MSA) with Amara Raja [...]
Fintech player Zaggle files IPO papers with Sebi to mobilise funds via IPO
Fintech player Zaggle Prepaid Ocean Services Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering. The IPO (initial public offering) comprises fresh issue of equity shares worth Rs 490 crore and an offer for sale (OFS) component of 1.05 crore stocks by promoters, investors and other [...]
Multibagger small-cap stock gets an order of ₹ 350 Cr from Saudi Basic Industries Corporation
Arfin India Ltd is a company engaged in manufacturing aluminum products that received an order from Saudi Basic Industries Corporation ("SABIC") for the supply of 18,000 MT of Aluminium Deox. The supply is set to be completed in phases of four years. The value of the contract is Rs 350 Crores (USD 39.97 million). The [...]
2 New-age stocks that can deliver up to 100% returns; Check the details
Many new-age stocks like Nykaa, Paytm, Zomato, and Delhivery got listed sometime around the recent bull run. The lock-in period for most of them has come to an end, but it continues to be a big overhang. These stocks have suffered deep cuts in their share prices since their listing, however, brokerages seem to see [...]
French investors willing to invest in defence, agri and renewable sectors in Uttar Pradesh
Investors in France have expressed willingness to invest in Uttar Pradesh in various sectors, including defense, agriculture, dairy, food processing, IT, renewable energy and water transport, officials said on Tuesday. A state delegation led by Uttar Pradesh deputy chief minister Keshav Prasad Maurya and IT minister Yogendra Upadhyay reached Paris on Monday and met representatives [...]
UBS cuts 2023 Nifty target by 4% to 18,000 as retail inflows gradually decrease
Citing fast-ebbing household inflows into equities, whittling down foreign inflows, and rising bank deposit rates, a foreign brokerage sees a 4 per cent downside to the Nifty target at 18,000 points for the next year from the current levels. After a massive blood bath last week, the Nifty closed at 18,452, gaining over 151 points, [...]
Daiki Axis Japan to infuse fresh investments to expand presence in south India
Daiki Axis Japan will infuse fresh investments to expand its presence in south India, a company official said. In November, Haryana Chief Minister Manohar Lal Khattar inaugurated the company's second unit in India in Palwal, which was set up with an investment of Rs 200 crore to produce sewage water treatment units. A unit is [...]
LIC increases its stake by more than 2% in this Monopoly Stock; Are you holding it?
Life Insurance Corporation in India has increased its stake in the monopoly company, Indian Railway Catering and Tourism Corporation (IRCTC). The insurance giant now holds a 7.278% stake in the company from its previous 5.005% as it bought an additional 1,81,80,323 shares taking its total holding to 5,82,22,948 Equity Shares. The shares of IRCTC were [...]
Domestic air passenger traffic rises 11% to 116 lakh in Nov
India's domestic passenger traffic rose 11.06 per cent to 116 lakh in November over the year-ago period, according to the latest data from aviation regulator DGCA. In November 2021, the air passenger traffic stood at 105.16 lakh. The data showed that domestic carriers carried 116.79 lakh passengers in November, higher than 114.07 lakh recorded in [...]
Sebi issues Rs 4.29 crore demand notice to promoters of Deccan Chronicle Holdings
Capital markets regulator Sebi has sent a notice to Deccan Chronicle Holding's promoters and asked them to pay Rs 4.29 crore in a matter related to misrepresentation of financial statements of the company from FY 2008-09 to 2011-12. The regulator directed T Venkattram Reddy, T Vinayak Ravi Reddy and P K Iyer to pay Rs [...]
Three SAIL projects worth over Rs 1,500 cr face delay: Kulaste
Three projects worth Rs 1,564 crore of state-run SAIL have been delayed due to reasons like slow progress in work, delay in obtaining clearances among others, Parliament was informed on Monday. "Three projects i.e. installation of new sinter plant and rebuilding of COB 8 at Bokaro Steel Plant, and modification in washing circuit of CSW [...]
HDFC hikes lending rate by 0.35% to 8.65%
Mortgage leader HDFC on Monday announced a 35 basis points increase in its retail prime lending rate and now the minimum rate will be 8.65 per cent. The revised rates would be effective from Tuesday. The retail prime lending rate on housing loans, on which the adjustable rate home loans are benchmarked, has been increased [...]
PTC India inks pact with Bhutan’s Druk Green Power Corporation to export 600 MW power
PTC India on Monday said it has entered into an agreement with Bhutan's electricity utility firm Druk Green Power Corporation Limited to supply 600 MW power to the neighbouring country during the winter season. "Bhutan, through Druk Green Power Corporation Limited, has entered into an agreement with PTC India Ltd, for purchase of power from [...]
Uniform tax on small, big cars will not augur well for auto industry growth: Maruti Suzuki Chairman
The regulatory burden is the highest on small cars, a key segment of the Indian automobile industry and having a uniform tax structure across all segments of vehicles will not augur well for the sector growth, according to Maruti Suzuki India Chairman RC Bhargava. He also said India's economic growth rate could be higher if [...]
Cadila Pharma appoints Ashraf Allam global COO
Cadila Pharmaceuticals on Monday said it has appointed Ashraf Allam as its global Chief Operating Officer (COO). Allam, who served as the CEO at the Public Investment Fund prior to joining Cadila Pharmaceuticals, will report to Group Chairman and Managing Director Rajiv Modi, the company said in a statement. Previously he has worked with multinationals [...]
Small cap Dolly Khanna stock touches a new 52-week low; Check the details
The shares of Polyplex Corporation hit a 52-week low of ₹ 1625.50 apiece on Monday. Its shares closed at ₹ 1638.00 apiece on the Bombay Stock Exchange (BSE). 90356 shares changed hands during the day. According to the latest filings, ace investor Dolly Khanna holds 3,68,170 shares of the company. Her holdings in the company [...]
FAO provides USD 1.4 million in cash support to 15,000 Sri Lankan households
Some 15,000 vulnerable households in Sri Lanka hit by the ongoing economic crisis have received over USD 1.4 million in cash transfers from the FAO to overcome the shortage of food and other essential commodities in the island nation, the UN agency said on Monday. This was in addition to over 47,609 families being granted [...]
Dhanuka Agritech share buyback to open on Dec 26
Dhanuka Agritech Ltd on Monday said its buyback offer for shares worth Rs 85 crore will open on December 26. The buyback will close on January 6, 2023, the company said in a regulatory filing. The company has proposed to buy back 10 lakh shares of face value of Rs 2 each at Rs 850 [...]
Google building AI model to support over 100 Indian languages: Sundar Pichai
Google, the world's most popular search engine, is working on making text and voice internet search available in over 100 Indian langugages, its India-born CEO Sundar Pichai said on Monday. Pichai, who is visiting India, said the pace of technological change in the country has been extraordinary and Google is supporting small businesses and startups, [...]
DTDC Express signs pact with Aramex India
Express logistics firm DTDC Express on Monday said it has signed a non-binding initial pact with UAE-based Aramex India to leverage synergies and enhance collaboration across multiple avenues. The move aims at offering reliable and service responsive international solutions to India-based Business-to-Business (B2B) and Business to Consumer (B2C) customers, DTDC said in a statement. "We [...]
3 Multibagger Debt Free Penny Stocks to add to your watchlist
A stock whose price ranges anywhere between Rs 1 to Rs 80 and has a market capitalization of less than Rs 500 crore is categorized as a Penny stock in India. These stocks are illiquid in nature as the trading volume is generally less and thus have a higher risk. These companies are microcaps and [...]
CREDAI seeks hike in deduction limit on home loan interest to Rs 5 lakh in next year’s budget
Realtors apex body CREDAI on Monday, in its pre-Budget wish list, has sought an increase in the deduction limit on home loan interest to Rs 5 lakh from the current Rs 2 lakh in view of hardening of mortgage rates since May. The interest rates on home loans have gone up by around 2 percentage [...]
Multibagger stock zoomed 9.97% amid plans to raise funds
The shares of Sarveshwar Foods rallied 9.97% to reach an intraday high of ₹ 91.55 apiece on the National Stock Exchange (NSE), against the previous close of ₹ 83.25 on the National Stock Exchange (NSE). Its shares got locked at an upper circuit. Sarveshwar Foods is engaged in the manufacturing, trading and export of Basmati [...]
Modi to chair second national conference of chief secretaries next month
Ahead of the Union Budget 2023-24, Prime Minister Narendra Modi will chair the 'second national conference of chief secretaries' in the national capital next month, a senior government official said. The second national conference of chief secretaries will be held in Delhi from January 5-January 7 and it will be a significant step towards further [...]
After doubling production in last 8 yrs, India world’s 2nd largest producer of steel: Steel Minister
India's steel production has reached a historic level of 120 million tonnes per year making it the world's second-largest producer of Steel, the government informed the Rajya Sabha. Steel Minister Jyotiraditya Scindia said India intends to double its steel production to 300 million tonnes per annum by 2030. "There has been a doubling in the [...]
Icra revises banking sector outlook to ‘positive’, expects NPAs to decline further to decadal best
Domestic rating agency Icra on Monday upped its banking sector outlook to 'positive' on healthy asset growth, improving asset quality and stronger capital buffers. The agency expects asset quality to improve to a decadal best of 4 per cent from a gross non-performing assets (NPAs) perspective by the end of FY24. The banking system's credit [...]
Wipro enters FMCG market after acquiring food and spices brand Nirapara.
Wipro Consumer Care on Monday announced its entry into the packaged food and spice segment by acquiring Nirapara, one of the largest-selling traditional food brands in Kerala. The deal size was not disclosed by the company. The Wipro group arm has signed a definitive agreement with Nirapara, a company statement said. With this acquisition, Wipro [...]
2 Insurance stocks rally amid a slew of amendments; Check the details here
The shares of General Insurance Corporation of India (GIC) and New India Assurance Company Ltd (NIAC) gained 11.97% and 7.91%, respectively by 01:23 PM on Monday. In fact, the shares of GIC reached a fresh 52-week high of ₹ 188.15 apiece, on the National Stock Exchange (NSE). A slew of amendments to insurance laws is [...]
2 Sugar Stocks hit 20% upper circuit for the second day in a row; Here’s Why
The shares of sugar companies sweetened as they zoomed up to 20% on Monday, for the second day in a row. Rajshree Sugar & Chemicals (up 19.98%), Sakthi Sugars (up 19.86%), Dhampure Speciality Sugars (up 11.40%) Simbhaoli Sugars (up 19.86%), and Dalmia Bharat Sugar and Industries (up 15.68%), quoted higher. Food Secretary Sanjeev Chopra told [...]
3 Fundamentally strong stocks to BUY now for an upside of up to 35%; Are you holding any?
It has been a consistent, upward journey of returns as the benchmark Nifty 50 has rallied 19.42% in the last six months. During the same period, the 30-stock BSE Sensex advanced the same registering gains of 19.40%. As the markets trade at all-time highs, market experts are given mixed reviews. Here are four stock recommendations [...]
UP govt signs agreement with US-based Austin University for building Smart City of Knowledge
The Uttar Pradesh government has signed an agreement with the US-based Austin University for the construction of a Smart City of Knowledge in the state, officials said here on Sunday. To be built on 5,000 acres of land at a cost of USD 42 billion, the Knowledge City will include the best universities of the [...]
Ducati India to hike prices of its motorcycle range from Jan
Italian superbike maker Ducati on Monday said it will hike the prices of its entire range of motorcycles in India from January 1. The company, however, did not disclose the quantum of the hike. Ducati India announces an increase in price on its entire motorcycle range to be effective on ex-showroom price from January 1, [...]
Year End Festive Sale on Trade Brains Portal till 5th January for Equity Investors
Trade Brains Portal offers a massive year-end sale on its premium stock research platform of a 60% discount on the annual ‘Whale’ plan. Portal, the stock research and analytics platform by Trade Brains provides exclusive features like stock fundamentals, stock screener, stock comparison, superstar investor portfolios, heatmaps, and more. The premium subscription offers Advanced Portfolio [...]
Glenmark Pharma gets USFDA nod for generic drug
Glenmark Pharmaceuticals Ltd on Monday said it has received final approval from the US health regulator for its generic nicardipine hydrochloride capsules used to treat high blood pressure and to control angina. The approval granted by the US Food & Drug Administration (USFDA) is for bicardipine hydrochloride capsules of strengths 20 mg and 30 mg, [...]
Markets trade higher in Early Trade
Equity benchmarks climbed in early trade on Monday, bouncing back after falling in the previous two trading sessions. The 30-share BSE benchmark Sensex advanced 127.48 points to 61,465.29 after a positive beginning. The broader NSE Nifty climbed 37.85 points to 18,306.85. From the Sensex pack, Power Grid, ITC, Bharti Airtel, Nestle, Bajaj Finserv, Bajaj Finance, [...]
Top Stock Picks: 6 Stocks to BUY for a potential upside of up to 55%
Markets are likely to remain in the consolidative range due to a lack of triggers in the near term. Also, lower participation from institutional investors due to upcoming year-end holidays would keep the markets lackluster. On the sectoral front, sugar stocks are likely to remain in the limelight after the news is reported, the government [...]
Yes Bank assigns Rs 48,000 cr stressed asset loan portfolio to JC Flowers ARC
Yes Bank has concluded assignment of the Rs 48,000-crore stressed asset loan portfolio of the bank to JC Flowers Asset Reconstruction company. The bank had earlier declared JC Flowers Asset Reconstruction Private Limited (JC Flowers ARC) as the winner of the Swiss Challenge process for sale of its identified portfolio of stressed assets. "The bank [...]
4 Multibagger Companies whose profits have increased more than 100% year on year
Experts say that September quarter earnings turned out to be better than market expectations. In fact, a few companies reported more than a 100% increase in their net profit and their sales grew by more than 50% on a year-on-year (YoY) basis. Here are four companies whose profits more than doubled YoY (increased by more [...]
Tech M to transfer Dynacommerce Holdings to Comviva Netherlands
IT company Tech Mahindra will sell its entire stake in its the Netherlands-based subsidiary Dynacommerce Holdings BV to its step-down subsidiary Comviva Netherlands for about Rs 58 crore, the company said in a regulatory filing. The agreement for the deal is expected to be signed during the first week of January 2023 and the transaction [...]
Gold Bond issue price fixed at Rs 5,409/gm of gold; subscription opens Monday
The issue price for the next tranche of Sovereign Gold Bond Scheme 2022-23, which will open for subscription for five days from Monday, has been fixed at Rs 5,409 per gram of gold, the Reserve Bank of India said on Friday. The Sovereign Gold Bond Scheme 2022-23 - Series III will be open for subscription [...]
GMM Pfaudler promoter sells 17.3% stake for Rs 1,324 cr
The promoter of engineering firm GMM Pfaudler on Friday divested 17.3 per cent stake in the company for Rs 1,324 crore through open market transactions. Pfaudler Inc offloaded a total of 77,85,819 shares on both BSE and NSE, amounting to 17.32 per cent stake in the company, as per bulk deal data available with the [...]
RBI asks Razorpay, Cashfree to pause onboarding of new customers
The Reserve Bank of India has asked Razorpay and Cashfree to temporarily stop the onboarding of new customers for their payment processing business, according to a source. On the banking regulator's order, Razorpay said it is a temporary move and has no impact on Razorpay's existing business operations and current merchants. "RBI has issued an [...]
Multibagger FMCG stock rises after it announced expansion plans
The shares of Hindustan Foods Ltd gained more than 3 per cent till the afternoon on Friday and were trading at Rs 721 levels. In the past five days, the stock has gained approximately 9 per cent while in the span of a month, the stock has rallied by more than 18 per cent. Hindustan [...]
Rupee falls 9 paise to settle at 82.85 against US dollar
The rupee dropped 9 paise to close at 82.85 (provisional) against the US dollar on Friday amid heavy selling pressure in domestic equities and a strong greenback overseas. However, receding crude oil prices capped the rupee's loss, forex traders said. At the interbank foreign exchange market, the rupee opened sharply lower at 82.84 against the [...]
Markets skid for 2nd day as global rate hikes dampen sentiment; post weekly losses
The BSE Sensex spiralled lower for the second straight session on Friday, in lockstep with other global markets after a host of central banks hiked interest rates and indicated more policy tightening to cool inflation even at the cost of economic growth. A weakening rupee amid foreign fund outflows further crimped risk appetite. The 30-share [...]
IRM Energy files draft papers with Sebi; eyes up to Rs 700-cr via IPO
City gas distribution company IRM Energy Ltd has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 700 crore through an initial public offering (IPO). The IPO is a fresh issue of up to 1.01 crore equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). The Ahmedabad-based [...]
Goldman Sachs, ICICI Prudential, and others buy a stake in this company
Block deals worth Crores were executed on BSE after institutional investors traded shares of FSN E-Commerce Ventures Ltd Nykaa. Kravis Investment Partners sold its entire stake of 1.13 per cent or 3.67 crore shares of FSN E-Commerce Ventures for around Rs 629 crore through open market transactions on December 15th. As per the data available [...]
Patel Engineering to raise up to Rs 350 crore via rights issue
Patel Engineering on Friday said its board has approved raising funds worth up to Rs 350 crore through a rights issue. The go-ahead was given during a meeting of the company's board held on Friday. "The board of directors of the company....approved the raising of funds, through issuance and allotment of equity shares having face [...]
4 Fertilizer stocks jump more than 15% after Russia plans to set export tax on fertilizers
The shares of Madras Fertilizers Limited opened 3 per cent higher on Friday at Rs 75.55 as against its previous close of Rs 73.65. In the early hours, it further gained 15 per cent to reach its new 52-week high of Rs 87.75. Madras Fertilizers Limited is a Public Sector Undertaking that is engaged in [...]
Motilal Oswal sees a 25.5% upside in this insurance stock; Are you holding it?
The shares of SBI Life Insurance Co. were trading for Rs 1,275 a piece, almost flat for the day during the first half of the trading session on Thursday. In the last six months, the stock has generated a return of 15.38% for its shareholders. It has trailed the benchmark Nifty50 index which has returned [...]
2 Large cap EV stocks to BUY now for huge upside potential; Are you holding any?
“The Indian automotive market is poised for rapid Electric Vehicle (EV) growth, due to the convergence of factors including government incentives, improving cost-competitiveness and original equipment manufacturer (OEM) investment, along with increased customer readiness and awareness,” according to a report by Bain & Company. The revenue pool of the industry is expected to reach a [...]
Kravis Investment Partners II sells 3.67 crore shares of Nykaa for Rs 629 cr
Kravis Investment Partners II LLC on Thursday offloaded shares of e-commerce beauty company Nykaa for a little over Rs 629 crore through open market transactions. As many as 3.67 crore shares of FSN E-Commerce Ventures, which runs Nykaa, were sold by Kravis Investment Partners II LLC in five tranches at a price of Rs 171 [...]
Govt’s share sale in IRCTC over-subscribed, investors put in bids worth Rs 3,800 cr
The sale of government's up to 5 per cent stake in IRCTC got over-subscribed on the first day of the offer, with institutional investors putting in bids worth Rs 3,800 crore. In the two-day offer-for-sale (OFS), the government is selling 4 crore shares or 5 per cent stake in Indian Railway Catering and Tourism Corporation [...]
Sensex, Nifty tumble over 1% mirroring weak global markets amid US Fed’s hawkish tone
Equity benchmarks Sensex and Nifty faced heavy drubbing on Thursday, falling over 1 per cent each, in tandem with weak global markets following the US Federal Reserve's interest rate hike and its hawkish stance. The 30-share BSE Sensex tanked 878.88 points or 1.40 per cent to settle at 61,799.03. During the day, it tumbled 962.3 [...]
Rupee falls 27 paise to end at 82.76 against US dollar
The rupee declined by 27 paise to close at 82.76 (provisional) against the US dollar on Thursday after the US Federal Reserve's interest rate hike and its hawkish stance dented investor sentiments. A massive sell-off in domestic equities and a strong greenback overseas also weighed on the local unit, forex traders said. At the interbank [...]
Stocks to BUY: 3 High Dividend yield stocks that can deliver up to 67% returns
Crude oil prices and diesel marketing margins witnessed sharp corrections to ₹ 3.5 per litre to ₹ 13 per litre in H1FY23, as international diesel prices corrected to $103/bbl after reaching a high of $170/bbl in Mar 2022. As a result, analysts at brokerage firm Prabhudas Lilladher upgraded the shares of three oil marketing companies [...]
Multibagger hotel stock with 123% returns YTD plans to issue warrants; Check the details
The shares of Kamat Hotels (India) Ltd., a chain of luxury hotels and hospitality were trading at Rs 109.20 per share as of 13:20 IST. Kamat Hotels is a small-cap company with a market capitalization of Rs 257 crore. Kamat Hotels has been a multi-bagger stock this year. Its shares have generated multi-bagger returns of [...]
Multibagger Ethanol stock rises more than 5% after it gets order from multiple OMCs
The shares of Gulshan Polyols Limited opened 9 per cent higher at Rs 267.70 as against its previous close of Rs 245.75. This came after the company won an order worth Rs 137 Crore to supply 22,209.2 Kilolitres of Ethanol from its Boregaon Plant to multiple Oil Marketing Companies (OMCs) including Bharat Petroleum Corporation Ltd, [...]
Blue chip FMCG stock to BUY for an upside of 18%; Are you holding it?
Prabha Narasimhan, former senior executive director at HUL took over as Colgate-Palmolive’s early September this year. She disclosed her plans for the growth of the FMCG giant in the recent annual analysts' meet. Under her stewardship, Colgate-Palmolive plans to grow its oral care business with a focus on premiumization and likewise focus on the non-oral [...]
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