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7 Stocks in which Goldman Sachs has consistently increased their stake in last 4 Qtr
Goldman Sachs is one of the most renowned financial institutions globally, known for its expertise in investment banking, securities trading, and asset management. It provides services such as investment banking, trading, asset management, consumer banking and many more. It is widely recognized for advising on high-profile mergers, acquisitions, and capital-raising deals, as well as its [...]
Debt free midcap stocks with high ROE of up to 75 % to keep in your watchlist
Companies that generate high Return on Equity (ROE) without relying on debt demonstrate strong financial health and operational efficiency. ROE is a measure of a company's ability to generate profits from shareholders' equity. When a company achieves high ROE without using debt, it indicates that the business can generate substantial profits using its equity rather [...]
Defence stock to buy now for an upside of 30%; Do you hold any?
Over the past year, Indian defense stocks have experienced a remarkable rally, drawing the attention of investors and analysts alike. The sector has seen significant gains, driven by increased government spending on defense and a focus on self-reliance through the "Atmanirbhar Bharat" initiative. This has created optimism around companies involved in defense manufacturing and technology. [...]
5 Stocks with PE less than industry and PEG less than 1 to keep in your radar
A stock with a Price-to-Earnings (P/E) ratio lower than the industry average can be beneficial for investors as it often indicates undervaluation, presenting a potential buying opportunity at a bargain price. The price/earnings-to-growth, or PEG ratio is a valuation metric used for stocks and a PEG ratio of under 1 can indicate if a stock [...]
Microcap stock hits 5% upper circuit after company received machinery from Tata Consumer Products
This Microcap stock which deals in the business of specializing in providing co-packing services for MNCs hit a 5 percent upper circuit intraday trade after the company received machinery from Tata Consumer Products worth Rs. 8.9 crores. Price Action With a market capitalization of Rs. 322.35 Crores, the shares of Arunjyoti Bio Ventures Limited were [...]
Pharma stock jumps 5% after signing MOU worth ₹1,760 with global pharma company
In Tuesday’s trading session, the shares of one of the leading Pharma stocks specialised in contract development and manufacturing (CDMO) services jumps upto 5 percent following the agreement worth ~Rs. 1,760 with a leading global pharma company. Price action With a market capitalization of 9,411.37 Crores on Tuesday, the shares of Akums Drugs & Pharmaceuticals [...]
Fundamentally strong stocks that are currently trading in the oversold zone with RSI less than 30
The Relative Strength Index (RSI) is a technical indicator used in financial markets to measure the speed and change of price movements. It ranges from 0 to 100 and is typically used to assess whether a stock or asset is overbought or oversold. An RSI value above 70 indicates that the asset might be overbought, [...]
Auto stocks to benefit after Govt plans to provide 30% subsidy for electric ambulances
The central government plans to offer up to 30 percent subsidies for manufacturing electric ambulances under the PM E-DRIVE scheme to promote local production. The scheme, which has an Rs. 500 crore allocation aims to incentivize early-stage developers. Subsidies will depend on battery capacity and will apply to patient transport, and basic, and advanced life [...]
Textile stock jumps 3% after receiving supply order worth ₹5 Cr order for denim fabric
In Tuesday’s trading session, the shares of one of the leading Textile stocks specialised in the production and supply of a wide range of fabrics jumps upto 3 percent upon receiving new work order worth ~Rs. 5 crores from vendors associated with Arvind Lifestyle Brands Limited and Myntra Designs Private Limited. Price action With a [...]
Pharma stock jumps after getting approval from South Africa for its OSD product
The shares of this pharmaceutical company gained up to 1.5 percent after the company obtained product approval in South Africa. With a market capitalization of Rs 923.48 crore, the shares of Kwality Pharmaceuticals Ltd were trading at Rs 890.00 per share, increasing around 1.16 percent as compared to the previous closing price of Rs 879.80 [...]
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Bharti Airtel Chairman Sunil Mittal pitches for a reduction in spectrum pricing, lowering of duties. PTI MBI BAL BAL
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Regulatory regime needs to be simple, one that does not create more litigations going forward: Bharti Airtel Chairman Sunil Mittal. PTI MBI BAL BAL
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Roll out of 5G should be India's national priority; affordability critical driver to expand mobile subscriber base: Mukesh Ambani. PTI PRS MBI ANZ BAL BAL
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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 [...]
5 Stocks that supply defence equipments to Israel to keep an eye on
The geopolitical tensions involving Israel, Iran, and Gaza are characterized by Iran's animosity toward Israel and its support for militant groups like Hamas and Hezbollah, which engage in hostilities against Israel. This led to airstrikes, military & political outrage, loss of life, and more leading to fear of global war among other nations. Listed below [...]
Latest Market News
NDTV shares continue to rally for 5th day; hit upper circuit limit
Shares of NDTV continued to rally for the fifth day running on Wednesday, further climbing 5 per cent to hit its highest permissible trading limit for the day. NDTV founders Prannoy Roy and his wife Radhika Roy have resigned as the directors of promoter group vehicle RRPR Holding Private Limited as the Adani Group neared [...]
Kotak Mahindra Bank arm invests Rs 550 cr in Sanghi Cement maker
A Kotak Mahindra Bank arm on Tuesday announced that it has invested Rs 550 crore in Sanghi Industries Group by subscribing to non-convertible debentures of the cement-making company and its promoter grouping. Kotak Special Situations Fund's infusion will correct Sanghi Industries' capital structure, help the company's liquidity profile, and enhance its operations, according to a [...]
Toyota Kirloskar Vice Chairman Vikram S Kirloskar dies
Toyota Kirloskar Motor Vice Chairman Vikram S Kirloskar has died due to a heart attack, the automaker said on Wednesday. He ws 64. "We are extremely saddened to inform the untimely demise of Vikram S Kirloskar, Vice Chairman, Toyota Kirloskar Motor on 29th November 2022. At this time of grief, we request everyone to pray [...]
Gland Pharma signs put option pact to acquire Europe-based Cenexi for EUR 120 mn
Gland Pharma on Tuesday said it has entered into a put option agreement to acquire Europe-based Cenexi Group for up to EUR 120 million (around Rs 1,015 crore), marking its foray into the international markets. The company's wholly-owned Singapore-based unit Gland Pharma International PTE has entered into a 'Put Option Agreement' to acquire 100 per [...]
Most rated Indian cos can withstand a weaker rupee: Moody’s
Most rated companies in India can withstand a weaker rupee, although external factors like rising interest rates in developed economies and higher energy prices would increase currency volatility, Moody's Investors Service said on Tuesday. In a commentary on non-financial companies in India, Moody's said on November 25, the Indian rupee touched 81.67 versus the US [...]
Govt lifts ban on exports of organic non-basmati rice
The government on Tuesday lifted the ban on exports of organic non-basmati rice, including broken rice after the easing of domestic supplies moderated prices. The government had, in early September, banned the export of broken rice with an aim to increase domestic availability. This followed a 20 per cent duty on the export of non-basmati [...]
LIC reduces stake by more than 2% in these 3 stocks; Do you own any?
The Life Insurance Corporation of India (LIC) has a stake in various companies. Many investors keep a track of the changes that the insurance behemoth does to its portfolio. LIC is the largest Life Insurer in India and has been providing life insurance for more than 65 years. Its shares debuted on the exchanges on [...]
RBI to launch pilot of retail digital rupee on Dec 1
The Reserve Bank on Tuesday said it will launch the first pilot for retail digital rupee (e₹-R) on December 1, 2022, in which four banks including SBI and ICICI Bank will initially participate. On November 1, the RBI had launched the first pilot in the digital rupee - wholesale segment. Announcing the operationalisation of Central [...]
Multibagger stock with 505% returns in green after company announces Capex plans
The shares of Filatex Fashions Ltd were trading higher by more than 3 per cent at Rs 24.50 levels on Tuesday afternoon. The shares rallied after the company announced that it is planning a capacity expansion worth Rs 300 Crore. As per the plan, the company will be adding another 500 machines to meet the [...]
Sensex, Nifty settle at fresh lifetime highs; maintain winning momentum for 6th day
The Sensex and Nifty ended at fresh lifetime peaks on Tuesday amid a largely firm trend in other Asian markets and continuous foreign fund inflows. The 30-share BSE Sensex gained 177.04 points or 0.28 per cent to settle at 62,681.84, its fresh record closing high. During the day, it jumped 382.6 points or 0.61 per [...]
Yes Bank acquires a 9.9% stake in an ARC which is the base bidder for its stressed loans
Private sector lender Yes Bank has inked a share purchase agreement with JC Flowers Asset Reconstruction Company (ARC). The bank on November 28, 2022, informed the bourses that it has acquired an initial stake of 9.9% and subsequently it plans to acquire an additional 10% stake. JC Flowers ARC is an asset reconstruction company under [...]
4 Midcap stocks that have given more than 100% returns and doubled investors money
Mid-cap companies are known to be in a growth phase, which means they have the potential to provide exceptional returns to investors. The risk in these types of stocks is lower and the liquidity is higher compared to small-cap stocks. Here are 4 Mid-cap stocks that have more than doubled investors' money in just a [...]
Vehicle Scrappage Policy: 5 Auto stocks to BUY for huge upside potential
Union Transport Minister, Nitin Gadkari, on Friday, said that all government-owned vehicles that have completed 15 years will be scrapped from April 1, 2023. A draft notification regarding the matter has been issued. "Yesterday, I signed a file under the guidance of Prime Minister Narendra Modi that all the vehicles of the Indian government which [...]
FMCG Stock gains 6% as it plans to become national player in spice industry
The shares of Dabur India Ltd opened at Rs 559 on Tuesday and gained approximately 6 per cent to trade at Rs 590 levels. The stock is currently trading near its 52-week high of Rs 602.50 which it reached in August this year. Last month, the company acquired a 51 per cent stake in Badshah [...]
Miniratna Stock gains 21.63% after re-opening its pellet plant
The shares of KIOCL have gained a massive 13.44% and are trading at ₹ 227.50 apiece as of 11:44 AM on Tuesday. The public sector company’s shares reached an intraday high of ₹ 233.00 apiece on the National Stock Exchange (NSE). The stock KIOCL is listed on the NSE, the Bombay Stock Exchange (BSE) and [...]
IPO-bound OYO reports EBITDA of Rs 63 crore in April-September
Travel tech firm OYO shared its financials for the first half of FY23 with market regulator Sebi on Monday, reporting its EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) of Rs 63 crore. In an addendum to update its IPO application filed with the Securities and Exchange Board of India (Sebi), the company said its [...]
Rupee gains 8 paise to 81.60 against US dollar
The rupee appreciated 8 paise to 81.60 against the US dollar in early trade on Tuesday as foreign capital inflows and a firm trend in the domestic equity market boosted investor sentiments. Besides, a weak American currency in the overseas market helped the local unit, forex dealers said. At the interbank foreign exchange, the domestic [...]
Vehicle Scrappage Policy: How will the Auto industry be impacted?
The auto industry has witnessed a host of milestones and has emerged as a strong and valuable segment in India’s manufacturing sector. It has seen the introduction of BS-VI emission norms, the adoption of electric vehicles and the penetration of CASE. The industry is now witnessing a vehicle scrappage policy, which is likely to usher [...]
Govt gets Rs 5,001 cr dividend from ONGC; total dividend from CPSEs reaches Rs 23,797 cr so far in FY23
The government has received about Rs 5,001 crore as dividend tranche from ONGC, taking the total dividend receipt from all CPSEs (Central Public Sector Enterprises) so far this fiscal to Rs 23,797 crore. "The government has received about Rs 5,001 crore from ONGC as dividend tranche," Department of Investment and Public Asset Management (DIPAM) Secretary [...]
Multibagger stock jumps 15% today as Govt allows export of sugar
The shares of Ugar Sugar Works Ltd rallied 15.11% to reach an intraday high of ₹ 93.70 apiece on the National Stock Exchange (NSE). They closed at ₹ 89.85 apiece, up 10.38% on Monday. Ugar Sugar Works Ltd. is engaged in the manufacture and sale of sugar, industrial and potable alcohol, and the generation and [...]
Markets hit fresh all-time highs; rally for 5th day
Benchmark indices ended at fresh lifetime highs on Monday amid foreign fund inflows, a decline in crude oil prices and buying in index major Reliance Industries. Rallying for the fifth day in a row, the 30-share BSE Sensex climbed 211.16 points or 0.34 per cent to settle at 62,504.80, its fresh record closing high. During [...]
PSU stock jumps 7% and hits fresh 52-week high, what’s driving the stock?
The shares of Engineers India Ltd. (EIL), a small-cap central public sector undertaking raced up 7.5% in the early hours of the trading session on Monday. The stock hit its fresh 52-week high of Rs 86.50 per share, giving the company a market value of Rs 4,800 crore. Engineers India (EIL) is an engineering consultancy [...]
PSU railway stock jumps 10% and hits fresh 52-week high, what’s driving gains?
The shares of Rail Vikas Nigam Ltd. (RVNL) hit their fresh 52-week high of Rs 80.60 per share in the early hours of trading on Monday. The stock opened 10% above its previous close of Rs 73.30 and got locked in the upper circuit briefly. In the last 6 months, the railway stock has given [...]
Max Fin Services gets Irdai nod to acquire 5.17% stake of Mitsui Sumitomo in Max Life
Max Financial Services on Monday said insurance regulator Irdai has approved the purchase of Mitsui Sumitomo Company's residual stake in Max Life Insurance. The transaction is expected to be concluded in the next fortnight, Max Financial Services Ltd (MFSL) said in a regulatory filing. "MFSL announced that it has received approval from the Insurance Regulatory [...]
Multibagger Stock with 365% returns hits upper circuit as it announces a stock split
The shares of Mefcom Capital Markets Ltd (MCM), a micro-cap company gained 4.97% on Monday’s early trades to hit the upper circuit. With this, its shares hit the upper circuit for three days in a row. Its shares were locked at ₹ 127.85 apiece on the Bombay Stock Exchange (BSE) on Monday. Mefcom Capital Markets [...]
Rupee slips 6 paise to 81.77 against US dollar
The rupee depreciated 6 paise to 81.77 against the US dollar in early trade on Monday, tracking a lacklustre trend in domestic equity markets and a firm American currency overseas. However, lower crude prices in the international market and fresh foreign fund inflows restricted the rupee’s fall, forex dealers said. At the interbank foreign exchange, [...]
Top Stock Picks: 7 Stocks to BUY that can deliver returns of up to 70%
"Bulls dominated Dalal Street, with the indices parked near record highs, supported by favourable triggers like FII buying, a drop in crude prices, a falling dollar index, and declining bond yields.” Going ahead, the lack of strong fundamental triggers will limit the upside, keeping the market volatile in the short term. The Fed Chair's speech, [...]
Battle for Reliance Nippon Life Insurance: Nippon top brass likely to visit India
The race for acquisition of Reliance Capital's 51 per cent stake in Reliance Nippon Life Insurance Co (RNLIC) is intensifying, with the top brass of the Japanese partner in the joint venture likely to visit India this week to flag its concerns with the ongoing resolution process under insolvency laws, sources said. Japan's Nippon Life, [...]
FPIs flock to Indian mkt; buy shares worth Rs 31,630 cr in Nov
Foreign portfolio investors have rediscovered their liking for Indian equities, making a net investment of Rs 31,630 crore in November on hopes of an end to the aggressive rate hikes, and positivity about overall macroeconomic trends. According to experts, after remaining net sellers in August and September, Foreign Portfolio Investors (FPIs) are unlikely to be [...]
2 Blue chip stocks in which promoter holding has increased; Are you holding any?
Promoter’s holding is one of the most important factors that is considered while analyzing stocks. It is the percentage of shares held by the promoters, who are usually the company’s founders. The promoters often have the best view of how a company is running. An increase in their holding indicates that they see the business [...]
Indian pharma exports rise by 4.22% to USD 14.57 billion during April-Oct in current fiscal
Pharmaceutical exports from India registered a growth of 4.22 per cent to reach USD 14.57 billion during the April-October period despite a negative trend last month, according to a senior official of an export promotion body under Government of India. Udaya Bhaskar, Director General of Pharmaceuticals Export Promotion Council of India (Pharmexcil) which is an [...]
Adani Group seeks to expand power distribution in Mumbai with Rs 5,700 crore bet
Betting big on the emerging opportunity amid growing power consumption in the periphery of Mumbai, Adani Group aims to invest Rs 5,700 crore over five years for expanding its electricity distribution in the metropolitan region. The group will build the entire power network ground-up to compete with state-owned Maharashtra Electricity Distribution Company (MSEDCL) in the [...]
Reducing taxes on automobiles can boost sector, benefit economy: Vikram Kirloskar
A roadmap to reduce taxes on automobiles by half over a 10-year period to make the Indian auto industry more competitive globally and provide large scale employment to benefit the economy needs consideration, according to Toyota Kirloskar Motor Vice Chairman Vikram Kirloskar. Although at the moment India cannot afford to slash the tax rate on [...]
Weekly Recap; T+1 settlement, Sensex rebalance, Market movers and More!
Indian equity markets had a gap-down start on Monday, tracking losses across major Asian markets. Rising infections in China and concerns about the economic fallout spooked the markets. In addition, hawkish commentary from the US Fed damaged nascent hopes of an early end to the current cycle of rising benchmark interest rates. The BSE Sensex [...]
Mcap of nine of top 10 firms climbs Rs 79,798 cr; TCS, Infosys biggest winners
Nine of the top 10 valued firms together added Rs 79,798.3 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest winners. In the last week, the 30-share BSE Sensex climbed 630.16 points or 1 per cent. The barometer settled at 62,293.64, its fresh record closing [...]
Macro data, global trends to guide markets this week: Analysts
Trading activity in the equity market this week will depend on macroeconomic data announcements, monthly auto sales numbers and global trends, analysts said. Bulls dominated Dalal Street last week, supported by favourable triggers like buying by Foreign Institutional Investors (FII) and a drop in crude prices. Last week, the 30-share BSE benchmark Sensex rallied 630.16 [...]
5 Stocks that gained up to 58% this week; Do you own any?
The Indian benchmark indices closed mild in the green amid weak Asian markets and mixed global cues. The BSE Sensex closed at 62,294, giving up the 63,000 level but ended 20 points or 0.03% higher. While the NSE Nifty ended at 18,512, up 28.65 points or 0.15%. While the markets made a new high, here [...]
BNP Paribas Arbitrage buys Venus Pipes shares worth Rs 42 cr
BNP Paribas Arbitrage on Friday bought 6.5 lakh shares of Venus Pipes & Tubes for Rs 42 crore through open market transaction. According to the block deal data available with the BSE, BNP Paribas Arbitrage purchased 6,50,000 shares, amounting to 3.2 per cent stake in the company. The shares were acquired at an average price [...]
Tata Electronics keen to recruit 80% of workforce from TN, says Minister
The Tata Electronics Private Limited (TEPL) has committed to recruit 80 per cent of its workforce for its mobile components-manufacturing unit at Denkanikottai in Krishnagiri district of Tamil Nadu, State Industries Minister Thangam Thennarasu said on Friday. Also, the government would ensure that other industrial units in Tamil Nadu give preference to employ those from [...]
Amfi asks govt for preferential tax treatment for Gold ETFs, FoF
To encourage retail investors to invest in yellow metal through mutual fund route, industry body Amfi has asked the government for preferential tax treatment for Gold ETFs and Fund of Funds ahead of the Union Budget. In its budget proposals for 2023-24 to the finance ministry, Amfi has proposed that Gold ETFs and Fund of [...]
CBI files charge sheet in Delhi excise scam case
The CBI on Friday filed its first charge sheet in the Delhi excise policy scam case against arrested businessmen Vijay Nair and Abhishek Boinpally and five more accused, keeping the probe open into the alleged role of others named in the FIR including Deputy Chief Minister Manish Sisodia, officials said. Besides Nair and Boinpally, those [...]
Nykaa records 75% GMV growth, 12 times jump in revenue on Day 1 of Pink Friday sale
Beauty and fashion e-commerce firm Nykaa has recorded a 75 per cent growth in gross merchandise value and a 12-fold jump in revenue on Day 1 of its Pink Friday sale, the company said on Friday. The company said that it recorded over 400 orders per minute on the first day of the sale which [...]
Newly listed company that gave multibagger returns of 128% collaborates with IIM Raipur
Veranda Learning Solutions is collaborating with IIM Raipur & the Society for Human Resource Management (SHRM) to launch an Executive Post Graduate Programme (online MBA) in HR management. Veranda Learning Solutions is a publicly listed edtech company. It offers a variety of training programmes for competitive exam preparation, including the State Public Service Commission, Banking, [...]
Rupee rises 8 paise to close at 81.62 against US dollar
The rupee settled for the day 8 paise higher at 81.62 (provisional) against the American currency on Friday on broad dollar weakness and improved risk sentiments. Forex traders said positive domestic equities and foreign fund inflows supported the local unit. At the interbank foreign exchange market, the local unit opened at 81.69 and touched an [...]
15 year old govt vehicles will be scrapped: Gadkari
Union minister Nitin Gadkari on Friday said all vehicles belonging to the Indian government that have completed 15 years will be scrapped, and a policy to that effect has been sent to states. He was speaking at the inauguration of the annual 'Agro-Vision' agriculture exhibition here. "Yesterday, I signed a file under the guidance of [...]
Benchmark indices settle at fresh lifetime highs
Equity benchmarks settled at record highs on Friday, rallying for the fourth day running, helped by intense buying in index majors Reliance Industries, Wipro and Maruti. In a largely range-bound trade, the 30-share BSE Sensex climbed 20.96 points or 0.03 per cent to settle at 62,293.64, its fresh record closing high. During the day, it [...]
Adani to raise Rs 20,000 cr through fresh share issue
Billionaire Gautam Adani's conglomerate on Friday said it will raise Rs 20,000 crore in equity to fund the massive expansion at his sprawling business empire that now spans from ports to energy to cement. Adani Enterprises Ltd, the flagship firm of Asia's richest person, will raise funds through the issue of fresh equity shares, it [...]
LIC sells 2% stake in this smallcap stock; Check the details and latest target
The shares of HEG Limited, an LNJ Bhilwara Group company have lost 42% year to date. HEG is a small-cap graphite electrode producer. It operates one of the largest integrated graphite electrode plants globally and exports more than 70% of its products to over 30 countries worldwide. On Friday, the stock was trading up by [...]
Demand for tea dropped by 10.35% during Sale-47: CTTA data
The total demand for all categories of teas dropped by 10.35 per cent during Sale-47, Calcutta Tea Traders Association data (CTTA) said. Sale-47 was held from November 22 to 24. However, Darjeeling leaf scored a gain in demand during this week as compared to last auction, it said. According to CTTA officials, the total offerings [...]
Castrol India to acquire 7.09% stake in TVS Automobile Solutions’ digital arm
Lubes maker Castrol India Limited (CIL) on Friday said it will acquire a 7.09 per cent stake in TVS Automobile Solutions' digital subsidiary Ki Mobility Solutions with a planned investment of Rs 487.5 crore in an all-cash deal. With this strategic investment, CIL aims to expand its presence in service and maintenance for both internal [...]
PSU Bank climbs 25.62% to reach a fresh 52-week high; here’s why.
The shares of Punjab National Bank (PNB) climbed 9.44% on Friday’s early trades to reach a fresh 52-week high of ₹ 55.65. They took the winning run to the eighth straight session. The stock rose. In the past eight days, it has gained 25.62%. The bank on Friday received DIPAM’s approval (the government’s divestment arm) [...]
Uniparts India fixes IPO price band at Rs 548-577
Engineering systems and solutions provider Uniparts India on Friday said it has set a price band of Rs 548-577 a share for its Rs 836-crore initial public offering (IPO). The three-day initial share sale will open for public subscription on November 30 and conclude on December 2. The bidding for anchor investors will open on [...]
Jio starts 5G services across all district headquarters in Gujarat
Telecom major Jio has rolled out 5G service across all 33 district headquarters of Gujarat under its trial phase, the company said on Friday. This makes Gujarat the first state to get 5G service across all district headquarters and it is also the biggest roll-out of the next generation service till date on trial basis. [...]
Stock with dividend yield of 21% declares a dividend of ₹ 17.5; Do you own it?
Billionaire Anil Agarwal-led Vedanta Limited, in an exchange filing on Tuesday, said that its board has approved the Third Interim Dividend of ₹ 17.50 per equity share for the current financial year. This is 1750 per cent of the face value of ₹ 1 per share, amounting to ₹ 6,505 crores. The record date for [...]
2 Multibagger Railway stocks hit 52 week high; Are you holding any?
Indian benchmark indices opened marginally lower amid weak Asian markets on Friday after reaching record highs on the previous day. The BSE Sensex was down 53.53 points or 0.09% at 62219.15, and the NSE Nifty 50 index fell 16.60 points or 0.09% to 18467.50. With the markets making new highs, here are 2 railway stocks [...]
Unemployment rate dips to 7.2% in July-September 2022: NSO survey
Unemployment rate for persons aged 15 years and above in urban areas declined to 7.2 per cent during July-September 2022 from 9.8 per cent a year ago, the National Statistical Office (NSO) said on Thursday. Joblessness or unemployment rate is defined as the percentage of unemployed persons among the labour force. Joblessness was high in [...]
Sensex hits record high, Nifty jumps 216 pts amid firm global equities
Equity benchmark BSE Sensex closed at an all-time high of 62,272.68 on Thursday, tracking a firm trend in global markets after the US Fed minutes indicated a slower pace of rate increase that bolstered investors' sentiment. Extending its rally to the third straight day, the 30-share BSE benchmark rallied 762.10 points or 1.24 per cent [...]
Maha: Steel manufacturers seek restoration of electricity subsidy
The Steel Manufacturers Association of Maharashtra (SMAM) on Thursday sought restoration of power subsidies first given by the Devendra Fadnavis government in 2019 to boost the ailing sector in some parts of the state. In 2019, the then BJP-led government had started supply of power at Rs 5 per unit for steel units in Marathwada, [...]
Smallcap bank stock jumps 140% and touches new 52-week high; Are you holding it?
The shares of Karnataka Bank Ltd. (KBL) hit their fresh 52-week high of Rs 149.90 in the early hours of trading on 23 November. So far in the calendar year 2022, the stock has rallied 140% in the last six months, giving multi-bagger returns to its shareholders. The shares of the Mangaluru-based bank closed at [...]
Stock rises after Rs 5000 crore deal with Adani group; Analysts see a 73% upside
The shares of HG Infra Engineering Ltd were trading up by 2 per cent at Rs 585 levels till the afternoon on Thursday. The stocks rallied after the company received an order from the Adani group. The company received a letter from Adani Road Transport Ltd regarding the declaration of the appointed date by the [...]
UAE bars entry of people with single name in passports
Individuals having only single name as surname or given name in their passports will not be allowed to enter the United Arab Emirates (UAE) with new guidelines coming into force. "Any passport holder with a single name (word) either in surname or given name will not be accepted by UAE immigration and the passenger will [...]
Stock jumps 44% in 3 days as Capri Global Holdings buys stake in it; Analysts see more upside
The shares of FINO Payments Bank Ltd opened 10 percent higher at Rs 258 on Thursday as against its previous close of Rs 231. Till the afternoon, the stock had further gained 5 percent and was trading at Rs 267 levels. In the past three days, the stock has rallied by approximately 44 percent, as [...]
Multibagger stock delivers 500% returns in 5 months; Check the details
The shares of G M Polyplast Ltd were trading in green till the afternoon on Thursday at Rs 1,014 levels. In the past five days, the stock has zoomed by approximately 12 percent. In the span of a month, the stock has delivered a return of 92 percent. GM Polyplast Limited is one of the [...]
2 Multibagger stocks that will trade ex-bonus tomorrow; Are you holding any?
Benchmark indices opened higher with marginal gains on monthly F&O expiry on positive global cues. The BSE Sensex was up 130.59 points or 0.21% at 61641.17, and the NSE Nifty 50 was up 40.60 points or 0.22% at 18307.90. With the rising markets, here are 2 multibagger stocks that will trade ex-bonus on Friday: Commercial [...]
Rupee gains 26 paise to 81.67 against US dollar
The rupee appreciated 26 paise to 81.67 against the US dollar in early trade on Thursday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the domestic unit opened at 81.72 against the dollar, then gained ground to touch 81.67, registering a rise of 26 paise over its previous close. [...]
Keystone Realtors shares debut nearly 3% higher
Shares of Keystone Realtors, which sells properties under the brand 'Rustomjee', on Thursday made its market debut with a premium of nearly 3 per cent against the issue price of Rs 541. The stock listed at Rs 555, reflecting a gain of 2.58 per cent from the issue price on the BSE. It further rallied [...]
Inox Green shares make tepid market debut; settle 9% lower
Shares of Inox Green Energy Services, a subsidiary of Inox Wind, made a tepid market debut on Wednesday and ended with a discount of 9 per cent against the issue price of Rs 65. The stock listed at Rs 60.50, a fall of 6.92 per cent from the issue price on the BSE. During the [...]
T+1 settlement cycle for all F&O stocks from Jan: Stock exchanges
To bring in operational efficiency, stock exchanges on Wednesday said that all stocks, on which derivatives contracts are available, will be transitioned to the T+1 (trade plus one day) settlement cycle from January 2023. Earlier, future and options (F&O) stocks were to be transitioned to the T+1 settlement in two batches -- December 2022 and [...]
Block Deal: Societe Generale bought 48 lakh shares of Wipro, while BNP Paribas offloads a stake
Societe Generale, a France-based financial services company bought 48 lakh equity shares of IT giant Wipro for ₹ 185.76 crores in a block deal on Tuesday. The average price for the deal was ₹ 387 apiece according to data available on the Bombay Stock Exchange (BSE). On the other hand, Paribas Arbitrage pared a stake. [...]
EV stock hits 10% upper circuit as it signs MOU to produce eco-friendly electric vehicles
The shares of Hindustan Motors Limited opened at Rs 17.95 on Wednesday which was a gap of 7.5 per cent from the previous close of Rs 16.70. Further, it inches by 2.5 per cent to hit an upper circuit at Rs 18.35. The shares of the company soared after it announced that it has entered [...]
Sukoon Healthcare sells majority stake to Lightrock for $15 mn
The in-patient psychiatric facility Sukoon Healthcare has secured USD 15 million (about Rs 120 crore) investment from Lightrock India for a majority stake in the hospital. The Gurugram-based hospital in a statement on Wednesday claimed that the investment is the largest in the domestic mental health space so far and will help it create a [...]
Taxation did not prevent investors from selling Nykaa’s shares. Was Nykaa’s move a masterstroke?
The shares of FSN E-Commerce Ventures Ltd (Nykaa) tanked by nearly 12% in the last three days, to trade at ₹ 170.75 apiece on Wednesday. The company has been in the news, especially after the issue of bonus shares and after the lock-in period for its pre-IPO investors came to an end. According to the [...]
S&P Global upgrades rating of this large cap bank; Emkay Global sees 26% upside
US-based agency, S&P Global Ratings on November 21 upgraded Axis Bank's long-term issue rating on their senior unsecured notes to 'BBB-' from 'BB+' on improving asset quality. In addition, it raised the private lender’s long-term and short-term issuer credit rating on the lender to 'BBB-/A-3' from 'BB+/B’ and kept the outlook 'Stable' for the bank. [...]
Total leasing of office space in Oct dips 21% to 6.7 mn sq ft across top 7 cities: JLL
The total leasing of office space, which comprises demand for all grades of buildings, fell 21 per cent year-on-year in October across seven major cities to 6.7 million square feet on lower demand, according to property consultant JLL India. The aggregate office market leasing activities refer to transactions for all grades or types of buildings [...]
Stocks that gained more than 10% today; Are you holding any?
Benchmark indices made a gap-up start on Wednesday tracking strength across global markets. The thirty share index (BSE Sensex) opened at 61779.70 points, up 0.59%, while the fifty share index (Nifty 50) opened at 18325.20 points, up 0.44%. Here are a few shares that gained more than 10% as the markets edged higher: Edelweiss Financial [...]
LIC increases stake by more than 2% in this Mahindra Group stock; Do you own it?
The largest state insurer Life Insurance Corporation of India (LIC) has increased its holding in the Mahindra group company, Tech Mahindra Ltd. As per the latest shareholding pattern, LIC has increased its total holding by 2.011% in the quarter. LIC has increased its total shareholding from 4,73,44,343 to 6,69,25,392 Equity Shares effectively increasing the stake [...]
Rupee falls 14 paise to 81.81 against US dollar
The rupee depreciated 14 paise to 81.81 against the US dollar in early trade on Wednesday, tracking a strong American currency and sustained foreign fund outflows. At the interbank foreign exchange, the domestic unit opened at 81.81 against the dollar, registering a loss of 14 paise over its previous close. On Tuesday, the rupee appreciated [...]
Multibagger stock with 636% return in a year announces bonus issue of 1:1
The shares of Advait Infratech Ltd were trading at Rs 629 levels till the afternoon on Tuesday afternoon. The stock has been volatile and has gained approximately 13 per cent in a month. Advait Infratech is engaged in business verticals such as turnkey telecommunication projects, installation of power transmission, substation and telecom products, liasioning -marketing, [...]
3 Small-cap stocks that value investors could add to their watchlist
Investors wish to receive maximum returns on their investments. Many of them do this by investing in value stocks. This works in a similar way to buying something at a price lower than its actual value and selling it later at a higher price. Many factors are considered to find value stocks. These include a [...]
Logistics stock slips after bulk deals, but brokerages see up to 60% upside
CA Swift Investments on Monday divested a 2.5 per cent stake in logistics firm Delhivery Ltd for ₹ 607 crores through an open market transaction. It is a special-purpose vehicle owned and controlled by Carlyle Group which held a 5.07 per cent stake in the company. Delhivery’s pre-IPO lock period ended and its shares were [...]
Airtel reaches its new 52-week high of Rs 860; Analysts see further upside
The shares of Bharti Airtel Ltd opened at Rs 853 on Tuesday and gained more than 1 per cent in the early trading hours to reach its new 52-week high of Rs 860.55. In the past month, the stock has gained approximately 6 per cent. The shares of Bharti Airtel Ltd have been on an [...]
Can this stock become a multibagger as brokerages see 159% upside?
Paytm’s (One 97 Communications Ltd) shares slumped to reach a 52-week low of ₹ 483.20 apiece on Wednesday. Its shares have lost 18.26% in the past five days. While SoftBank divested a stake, three FPIs bought a stake. This buoyed its share price. However, its shares are reeling under pressure again. The digital payments giant’s [...]
Lupin signs MoU with Rajasthan government; Check the details and latest target
Lupin Ltd said that its corporate social responsibility (CSR) arm, Lupin Human Welfare and Research Foundation (LHWRF) has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to strengthen the healthcare system. Its shares were trading at 715.25 apiece at 12:43 PM on Wednesday. It will address the prevalence of Cardiovascular Disease (CVD) [...]
Monopoly power stock to consider share buyback on 25th November
The shares of the Indian Energy Exchange, which has a monopoly in its segment, rose as much as 5 per cent till the afternoon on Monday after the company informed its Board of Directors would meet on November 25th to consider and approve a share buyback proposal. However, in the early hours of Tuesday, the [...]
Adani group’s Rs 493-cr open offer for NDTV to start from Tuesday
Adani group's open offer to acquire an additional 26 per cent stake in the media firm New Delhi Television (NDTV) from the market would start from Tuesday. The offer, for which a price band of Rs 294 per share has been fixed, will open on November 22 and closes on December 5, said a notice [...]
₹ 1 lakh to ₹ 20 lakh: Multibagger stock with 1900% returns announces bonus and split
The shares of Alstone Textiles (India) were locked in an upper circuit at Rs 315.45 on Monday. In the past five days, the stock has gained approximately 22 per cent. Alstone Textiles (India) Limited was incorporated in the year 1985 and is engaged in the textile business that includes Cotton, Woollen, Art Silk, Natural Silk, [...]
Jio gets NCLT approval to acquire Reliance Infratel
The National Company Law Tribunal (NCLT) on Monday gave its approval to Jio for the acquisition of Reliance Infratel (RITL). The tribunal asked Jio to deposit Rs 3,720 crore in the State Bank of India (SBI) escrow account to complete the acquisition of RCOM's tower and fibre assets. On November 6, Jio had proposed to [...]
Tata Group Stock to replace Dr Reddy’s Laboratories in SENSEX 30 index
In a major rejig, domestic auto giant Tata motors is set to replace the pharma company Dr Reddy's Laboratories in the 30 shares index of BSE. Asia Index Private Limited, which is responsible for the reconstitution announced that the changes will be effective from December 19th, 2022. The move could lead to buying of $150 [...]
Adani total gas and HPCL to be replaced by these 2 stocks in Sensex next 50 index
As a part of its periodic review which takes place Semiannually in June and December, the 30 shares index BSE has announced a rejig in its constituents. The index includes some of the highly valued and liquid companies in India. The Sensex Next 50 index is designed to measure the performance of the next 50 [...]
RHI Magnesita to acquire 100% of Dalmia Bharat’s refractory division
Vienna-based RHI Magnesita has announced the acquisition of the Indian refractory business of Dalmia Bharat Refractories Ltd. (DBRL) for ₹ 1,708 crores. The share swap deal will happen through its Indian subsidiary RHI Magnesita India Ltd. "DBRL will transfer its business to Dalmia OCL (DOCL). Under the terms of a share swap agreement, RHI Magnesita [...]
Stock surges 20% ahead of record date for bonus and split; Are you holding it?
The shares of Easy Trip Planners were in focus on Monday as the stock started trading ex-split and ex-bonus. Its board of directors fixed 22nd November 2022 as the record date to finalize eligible shareholders for the issuance of bonus shares and stock subdivision. The company’s shares were trading at ₹ 385.00 levels on Friday [...]
Multibagger stock surges 19% as government withdrew export duty on steel
The shares of Godawari Power and Ispat Limited surged 19.31% during early trades on Monday to reach an intraday high of ₹ 325.00 apiece. The company’s shares rose after the Government scrapped a recently imposed export duty on steel and allied raw materials. This will pave the way for more overseas shipments of steel from [...]
PSU bank stock jumps more than 17% to reach new 52-week high
The shares of UCO Bank opened at Rs 15.85 on Monday and gained as much as 17 percent to reach its new 52-week high of Rs 18.65 in the early trading hours. In the past five days, the stock has gained approximately 25 percent. UCO Bank, formerly United Commercial Bank, is an Indian public sector [...]
Multibagger: Fundamentally strong small cap stock delivers 425% returns in 11 months
The shares of Madhya Bharat Agro Products Ltd gained as much as 1.6 per cent in the early hours of Monday. In the past 3 months, the stock has gained approximately 16 per cent. Madhya Bharat Agro Products Limited (MBAPL), part of the Ostwal group, is a leader in the production of Beneficiated Rock Phosphate [...]
Five Star Business Finance shares make weak market debut; fall 5% on BSE
Shares of Five Star Business Finance on Monday made a tepid market debut, listing with a discount of 5 per cent, against the issue price of Rs 474. The stock listed at Rs 449.95, registering a decline of 5 per cent from the issue price on the BSE. It later bounced back and was trading [...]
Archean Chemical shares debut nearly 11% higher
Shares of Archean Chemical Industries Ltd listed on the stock exchanges with a premium of nearly 11 per cent against the issue price of Rs 407 on Monday, the first day of trade. The stock made its debut at Rs 449, higher by 10.31 per cent on the BSE. Later, it jumped 16.96 per cent [...]
Top Stock Picks: 9 Stocks to BUY for a potential upside of more than 75%
“Next week FOMC meeting minutes are due, which would provide further cues to the market. This week though Nifty shied away from its all-time high, it is hoped that next week, Nifty would scale to those levels.” Motilal Oswal Financial Services “In the absence of major domestic triggers, the domestic market is expected to continue [...]
₹ 9.5 to ₹ 407: Multibagger chemical stock turns ₹ 1 lakh to ₹ 42.94 lakhs in less than 5 years
Penny stocks are a great investment option for those investors who have a minimal budget and a high-risk appetite. Generally, they are available for prices below ₹ 10 and are highly illiquid. It takes a good understanding of financials and a lot of research to find penny stocks that give multibagger returns. Even then, some [...]
4 RK Damani stocks with high ROE to add to your watchlist; Do you own any?
Radhakishan Damani, the founder of DMart is also an ace investor. Often considered Rakesh Jhunjhunwala’s guru, the business magnate publicly holds 13 stocks with a net worth of over ₹ 177,080.9 crores, according to the filings for the July-September quarter. Some of his stocks have a very high return on equity (ROE). ROE is a [...]
Analysts are bullish on the newly listed stock; See an upside potential of up to 20%
The shares of Medanta hospital chain operator Global Health made their debut at a premium of 19% on Wednesday after it listed at Rs 401 a piece on NSE against its issue price of Rs 336. The stock reached its high of Rs 455.70 Thursday. On Friday, the shares were trading at Rs 410 till [...]
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