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Stock jumps 3% after company sets record date for 2:5 bonus issue
In Thursday’s trading session, the shares of one of the leading furniture and architectural works provider specialised in manufacturing and supplying of high-quality architectural hardware, building materials, and home improvement products jumps upto 3 percent following the announcement of record date for Bonus issue of 2:5. Price action With a market capitalization of 1,016.64 Crores [...]
Fundamentally strong stocks trading at discount of up to 30% to keep in your radar
Fundamentally strong stocks refers to shares of companies that are considered financially healthy and well-positioned for long-term growth. These stocks typically have strong financial performance, solid earnings, low debt, a competitive market position and good management. Investors often view these stocks as stable and less risky, as the companies behind them show consistent revenue growth, [...]
Is Swiggy still worth investing In after 35% rise in share price since IPO?
The food delivery and quick grocery business in India has seen tremendous growth in recent years, driven by changing consumer habits, urbanization, and a growing preference for convenience. Companies like Swiggy and Zomato dominate the food delivery landscape, offering a vast range of cuisines from local restaurants and chains, with fast delivery times and user-friendly [...]
Mining stock jumps 10% after receiving LoA worth ₹60 Cr from Oil India for exploration of oil and gas
The shares of the exploration services provider gained up to 10 percent after the company received a letter of award for Imparting services of Passive Seismic Tomography (PST) worth Rs 60 crore. With a market capitalization of Rs 438.07 crore, the shares of South West Pinnacle Exploration Ltd were trading at Rs 157.00 per share, [...]
Pharma stock jumps 5% despite promoter offloaded stake worth ₹600 Cr in the company
The shares of the leading pharmaceutical company gained 5 percent despite the promoter of the company offload 40 lakh equity shares in the company. With a market capitalization of Rs 40,382.23 crore, the shares of Ipca Laboratories Ltd were trading at Rs 1,589 per share, increasing around 5 percent as compared to the previous closing [...]
Midcap stock jumps after Nomura India bought stake worth ₹324 Cr in the company
The shares of leading players in the retail industry gained up to 2.4 percent after foreign institution investors, Nomura India Investment Fund Mother Fund acquired 3 crore equity shares in the company. With a market capitalization of Rs 49,483.20 crore, the shares of Vishal Mega Mart Ltd were trading at Rs 109.57 per share, decreasing [...]
Ashish Kacholia stock in focus after signing agreement with Narayana Hrudayalaya; Announces ₹750 Cr fundraise
In Thursday’s trading session, the shares of one of the leading IT stocks specialised in providing automated solutions for business expense management in focus following the customer service agreement with Narayana Hrudayalaya Limited. Price action With a market capitalization of 6,895.39 Crores on Thursday, the shares of Zaggle Prepaid Ocean Services Ltd declined by 5 [...]
EV stock falls 3% after promoter sold stake in the company
India, often termed the two-wheeler capital of the world, offers immense growth potential in the electric vehicle (EV) mobility sector, especially for two-wheelers. With rising fuel costs, government incentives, and increasing environmental awareness, the transition to electric two-wheelers is gaining momentum. Affordable pricing, low maintenance costs, and advancements in battery technology make EV two-wheelers attractive [...]
Tobacco stock jumped after promoter likely increased 7% stake in the company
The gutka market in India, once a significant segment of the FMCG sector, has declined due to regulatory restrictions and rising health awareness. However, demand persists in unregulated markets, highlighting potential for niche product innovation. In contrast, India’s real estate market is booming, driven by urbanization, government initiatives like PMAY, and demand for affordable and [...]
Steel stock jumps 3% after acquiring 80% stake in Thriveni Earthmovers
The shares of the leading manufacturer of steel gained up to 3 percent from a day low after the company announced the acquisition of a 79.82 percent stake in the Mining Development and Operation (MDO) business of Thriveni Earthmovers Private Limited. With a market capitalization of Rs 60,978.14 crore, the shares of Lloyds Metals & [...]
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RBI to continue with accommodative stance to revive and sustain growth on durable basis: Governor Shaktikanta Das. PTI DP NKD ANZ DP ANS ANS
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Fitch Ratings cuts India's economic growth forecast to 8.4% for the current fiscal year from 8.7% forecast in October. PTI ANZ ANZ ANS ANS
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Govt seeks Parliament nod for gross additional expenditure of over Rs 3.73 lakh crore in current fiscal. PTI JD RAM
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Top Editor’s Pick
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
3 Hospitality stocks reach 52 week high; Should you invest?
The hospitality sector has been negatively impacted by the covid 19 pandemic. Lockdowns across the country induced restrictions on travel. This led to the hospitality companies reporting negative revenue and profit growth which ultimately drove the stock price down. With the companies gaining momentum, here are 3 hospitality stocks that reached a new 52-week high [...]
Rupee plunges 49 paise to 81.89 against US dollar as crude oil spikes
The rupee fell by 49 paise to close at 81.89 (provisional) against the US dollar on Monday as heavy selling pressure in the domestic equities and a spike in crude oil prices weighed on the local unit. Besides, a stronger greenback against key rivals and persistent foreign fund outflows put pressure on the domestic currency, [...]
Multibagger chemical stock gave 2,500% returns due to a bonus issue
An increase of 100 per cent or more, in the share price of a company, is one of the simplest ways by which investors receive multibagger returns. But corporate actions like a bonus issue can also help investors receive multibagger returns by multiplying the number of shares that they hold. Jyoti Resins and Adhesives Ltd [...]
Will Nifty fall even more? Check what analysts have to say
Indian markets declined marginally on Monday, tracking weak global cues. The Sensex was trading at 57100 levels, while the Nifty 50 was at 17000 levels. The Reserve Bank of India hiked key interest rates by 50 bps, as expected by most analysts, in order to fight inflation amid global recession fears. Global financial major CLSA [...]
5 Stocks that are up more than 5% today; Are you holding any?
Headline gauges declined marginally on Monday, tracking weak global cues. The Sensex was quoting at 57,168.01 points, down 258.91 points (0.45%), while the Nifty 50 was trading at 17,025.65 points, down 68.70 (0.40%). Here are a few stocks that gained more than 5% while the markets are in the red: 1) Cochin Shipyard Ltd The [...]
Nykaa announces bonus issue today; Check the Record Date and Ratio here
In its board meeting held today, the board of FSN E-Commerce Ventures, the parent company of e-commerce brand Nykaa, has announced a 5:1 bonus issue. Eligible shareholders will receive five bonus shares for every 1 share that they hold. Soon after the announcement, at 11:24 AM, the company’s shares were trading 7.85% higher at ₹ [...]
Top Stock Picks: 9 Stocks to BUY that can deliver returns of more than 100%
Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 opened in the red on Monday due to weak global cues after they snapped their 7-day losing streak as investors on Friday. The BSE Sensex fell 382 points or 0.7 per cent to open at 57,044, while the NSE Nifty 50 was down 110 points [...]
Bajaj Auto reports 2% dip in total sales in September
Bajaj Auto on Monday reported 2 per cent dip in total sales at 3,94,747 units for September 2022 as compared to the year-ago period. In September last year, the company clocked sales of 4,02,021 vehicles. Total two-wheeler sales last month declined 4 per cent to 3,48,355 units from 3,61,036 units in the same month last [...]
Further rate hike to hit real estate sector badly: Credai
A realtors’ body on Sunday said the rate increase was steeper than expected, but if any further rate hike is passed on to the home buyers, the employment-intensive real-estate sector will get adversely impacted. Reserve Bank of India raised the repo rate by 50 basis points to 5.9 per cent on Friday, in a bid [...]
What Are The Things That Will Decide Stock Action On Tuesday?
The stock market fluctuates due to the daily tussle between the bulls and the bears. US markets have been weak amid the fear of recession and global demand issues. The paper manufacturing company stocks have surged as paper demand triggered after the ban on plastic use. Similarly, the market may record many stock-specific reactions, especially [...]
Suzlon Energy founder Tulsi Tanti passes away
Tulsi Tanti, the founder chairman and managing director of Suzlon Energy and a renowned expert on renewable energy, died due to cardiac arrest on Saturday evening. Tanti, 64, who was also the chairman of the Indian Wind Turbine Manufacturers Association, was on his way to Pune from Ahmedabad when he suffered a cardiac arrest, a [...]
1 lakh to 1.9 Crore: Multibagger stock has given returns of more than 19,000% in 9 yrs
The shares of KEI Industries Limited have delivered a return of 19,608% to its shareholders in 9 years as the stock price has increased from Rs 7.25 in September 2013 to the current level of Rs 1,446. If an investor would have invested Rs 1 lakh in the shares of the company at those levels [...]
Weekly Recap: Salary hikes, Adani Group’s investment plans, and More
Market barometers dropped and extended losses after a gap down opening on Monday. The BSE Sensex was trading at around 57,400 points while the Nifty was at around 17,100 points. Healthcare stocks gained but financial, metal, oil & gas and auto shares, dragged the indices to the red. On Wednesday, the Rupee stooped to an [...]
Jio 5G across India by Dec 2023: Mukesh Ambani
Reliance Jio, the nation's biggest telecom firm, will expand 5G telephony services offering ultra high-speed internet connectivity to every part of the country by December 2023, its chairman Mukesh Ambani said on Saturday. Jio had in September 2016 made an entry into the telecom sector, offering free voice calls and dirt-cheap data, forcing the competition [...]
Chemical stock in which LIC increased its stake gets a BUY call with an upside of 42%
LIC increases its stake in this chemical stock and analysts see an upside of 42% The shares of Deepak Nitrite Limited had gained approximately 2 per cent and were trading at Rs 2,045 levels in the afternoon on Friday. In the past three months, the stock has gained approximately 18 per cent. Life Insurance Corporation [...]
Adani Group stock added to Nifty 50 today; Do you own it?
The changes in the New NIFTY 50 have come into effect from today i.e, September 30th, 2022. Adani enterprises is set to replace the former smallest constituent of the index- Shree cement. According to a report published by Edelweiss Securities Limited, Adani enterprises’ inclusion in the index will weigh 1.29% of the total index. The [...]
2 Smallcap Multibagger stocks that are coming up with a stock split soon
A company generally decides to split its shares mainly because of two reasons. The first is to improve the trading liquidity in the market and the second reason is to make the stock seem more affordable to investors. The number of shares outstanding increases and the price per share decreases, keeping the total market capitalization [...]
Airox Technologies files Rs 750 cr IPO papers with Sebi
Medical equipment manufacturer Airox Technologies has filed preliminary papers with capital markets regulator Sebi to raise Rs 750 crore through an initial public offering (IPO). The IPO is entirely an offer-for-sale (OFS) of equity shares by promoters -- Sanjay Bharatkumar Jaiswal and Ashima Sanjay Jaiswal, according to the draft red herring prospectus (DRHP). Under the [...]
Airtel plans to roll out 5G on October 1st; Check its latest target
The shares of Bharti Airtel Limited were trading in green at Rs 768 levels till 111.30 am on Friday. Last week the stock rallied and reached its all-time high of Rs 797. So far this year, the stock has been volatile and gained approximately 11 percent YTD. Prime Minister Narendra Modi is officially going to [...]
Dolly khanna Portfolio: 2 Multibagger stocks that have given returns of more than 400%
Dolly Khanna, a Chennai-based investor, is known for picking lesser-known stocks that tend to outperform in the stock market. Her husband Rajiv Khanna manages her portfolio. As per the latest shareholding pattern, Dolly Khanna publicly holds 26 stocks with a net worth of over ₹ 513 crores. The markets have been volatile this year. Analysts [...]
Housing sales up 41% at 88,234 units in Jul-Sep in 7 cities
Sales of residential properties increased 41 per cent to 88,234 units in July-September this year across seven major cities, property consultant Anarock said on Friday. The housing brokerage firm released its quarterly data of seven major cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune. As per the data, housing sales [...]
LIC stake in Deepak Nitrite rises over 5%
Life Insurance Corporation on Thursday announced buying additional stake in speciality chemicals maker Deepak Nitrite to take its overall shareholding in the company to over 5 per cent. The Corporation's shareholding in Deepak Nitrite has increased from 67,88,327 to 68,58,414 equity shares, increasing its stake from 4.977 per cent to 5.028 per cent of the [...]
Multibagger stock to offer 3D mapping services across India
The shares of Genesys International Corporation Limited opened 4 per cent higher at Rs 546 as against its previous close of Rs 520. In the span of a month, the stock has shed approximately 11 per cent. However, on a YTD basis, the stock has delivered 86 per cent returns. A year ago the shares [...]
3 Fundamentally strong midcap stocks to add to your watchlist; Do you own any?
Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 ended in the red for the 7th straight session on the day on Thursday. The BSE Sensex fell 188 points or 0.3 per cent to end at 56,410, while NSE Nifty 50 slipped 40.50 points or 0.24 per cent to settle at 16818. Here are [...]
Adani Enterprises subsidiaries secure Rs 10,238 crore fund for Ganga Expressway Project in UP
Adani Enterprises Ltd on Thursday said it's three wholly-owned subsidiaries have achieved financial closure for the access-controlled six-lane greenfield Ganga Expressway Project in Uttar Pradesh under public-private partnership mode. The company in a statement said it has secured finances of Rs 10,238 crore from lenders, and the concession period of the project shall be 30 [...]
Markets settle lower for 7th day
Benchmark indices failed to hold on to early gains and ended lower for the seventh straight session on Thursday, with the BSE Sensex declining over 188 points amid mixed global market trends. Even after rallying in early trade, the 30-share BSE benchmark fell 188.32 points or 0.33 per cent to settle at 56,409.96. During the [...]
4 Cement stocks recommended by analysts that have huge potential upside
Cement stocks have been on the roll for quite some time now. Many regions in India saw a surge in the cement price in early September which will have a positive impact on the margins of these companies. As the country is ready to transition from the monsoon season to the winters, Analysts remain optimistic [...]
Govt defers proposal to make 6 airbags mandatory in cars by one year to Oct 1, 2023: Gadkari
The government has deferred the implementation of the proposal to make six airbags mandatory in passenger cars by one year to October 1, 2023, Road Transport and Highways Minister Nitin Gadkari said on Thursday. The government had earlier planned to make six airbags mandatory in eight-seater vehicles for enhanced safety of occupants from October 1, [...]
5G penny stock in big trouble as Indus tower asks to Clear dues or lose tower access
India’s third largest telecom service provider, Vodafone Idea (Vi) may lose access to towers from November if it fails to repay dues to Indus Towers. In a big jolt to Vodafone Idea, the latter has issued a stern warning. Over 25 crore users could be affected if Vi fails to pay the dues. Indus Towers [...]
Buy this EV stock for a potential upside of up to 45%; Chola Wealth
The shares of Amara Raja Batteries Limited have declined marginally and were trading at Rs 485 levels in the early hours on Thursday. In the past five days, the share has shed approximately 5 percent. The company recently announced its plan for backward integration. It has brought forward a scheme of arrangement that will involve [...]
Ambuja Cements pledges 50% share in ACC as collateral for loans
Ambuja Cements, now controlled by billionaire Gautam Adani-led Adani Group, on Wednesday said it has pledged 50.5 per cent shareholding in its subsidiary ACC Ltd as "collateral for loans taken by the company". The company pledged its total 9.39 crore shares of ACC Ltd on September 26, 2022, said a regulatory filing by Ambuja Cements. [...]
ICICI Direct sees a 34% upside in this bank stock; Do you own it?
The shares of Axis bank limited were trading lower by 1.3 per cent at Rs 727 levels till the afternoon on Wednesday. In the last five days, the stock has shed approximately 10 per cent. Despite the slow performance of the stock, the country’s third largest bank is focused on expanding its business. Recently the [...]
Centre gives 4% hike in DA to its employees ahead of Diwali
Ahead of Diwali festival, the Union Cabinet on Wednesday increased the dearness allowance (DA) and dearness relief by 4 per cent effective July 1, 2022, benefiting 41.85 lakh central government employees and 69.76 lakh pensioners. The additional instalment of DA and dearness relief (DR) is an increase of 4 per cent over the existing rate [...]
Suzlon Energy rights issue of Rs 1,200 crore to open on October 11
Suzlon Energy on Wednesday announced opening of its Rs 1,200 crore rights issue on October 11, 2022. "Suzlon Energy Ltd announces the opening of its Rs 1,200 crore rights issue on October 11, 2022," a company statement said. According to the statement, the company will issue up to 2,40 crore partly paid-up equity shares for [...]
Sensex, Nifty tumble nearly 1%
Benchmark indices ended nearly 1 per cent lower on Wednesday, tracking a weak trend in global markets and continuous foreign fund outflows. The 30-share BSE Sensex fell 509.24 points or 0.89 per cent to settle at 56,598.28. During the day, it tanked 621.85 points or 1.08 per cent to 56,485.67. Similarly, the broader NSE Nifty [...]
Is this the right time to buy IT stocks? Brokerages see an upside of up to 45%
The Nifty IT index advanced in a weak market on Wednesday and was up 1.09 per cent at 27162.00 points. Meanwhile, the Nifty 50 was down 0.079 per cent. Most IT shares were trading in the green. MPhasis (up 1.83 per cent), L&T Technology Services (up1.61 per cent), Tata Consultancy Services (up 0.77 per cent), [...]
Multibagger Tata Group stock gets a BUY call; Check the latest Target
The shares of Indian Hotels Company Limited were trading marginally lower at Rs 326 levels till 12 pm on Wednesday. In the past month, the stock has zoomed by approximately 16 per cent. In the past six months, the stock has delivered a 40 per cent return and so far this year in 2022, it [...]
Stock jumps 9% as company plans to allot shares to the President of India
The shares of ITI Limited, a public sector undertaking zoomed more than 9% on the National Stock Exchange (NSE). At 11:57 AM it was trading at ₹ 111.70 apiece. ITI Limited is a Government of India undertaking that is engaged in manufacturing, trading and servicing telecommunication equipment and rendering other associated and ancillary services. It [...]
Electronics Mart India IPO to open on Oct 4; sets price band at Rs 56-59/share
Consumer durables retail chain Electronics Mart India Ltd on Wednesday said it has fixed a price band of Rs 56-59 a share for its Rs 500 crore initial public offering (IPO). The initial share-sale will open for public subscription on October 4 and close on October 7, the company said in a statement. The IPO [...]
CRED, upGrad & Groww top start-ups list in India for this year
Online professional network LinkedIn on Wednesday released a list of the top 25 start-ups in India that have shown resilience in an uncertain market environment, and are continuing to innovate in 2022. Topping this year's list is unified payments interface CRED. Valued at USD 6.4 billion, this young start-up maintained its podium position on the [...]
LIC buys over 2% stake in BPCL for nearly Rs 1,598 crore
LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last year. The state-owned life insurance behemoth in a regulatory filing on Tuesday said its shareholding in BPCL has increased from 15,25,08,269 to 19,61,15,164 equity shares, increasing its shareholding from 7.03 [...]
PVR to invest Rs 350 cr for 100 new screens in FY23; expects Inox merger to close by Feb next yr
Film exhibition company PVR Cinemas will invest up to Rs 350 crore to open 100 new screens in FY23, a top official has said. It also expects its mega-merger with Inox Leisure to close by February 2023, after which it will start to run as a combined business, PVR's chief executive Gautam Dutta told PTI [...]
More turbulence awaits SpiceJet as NCLT issues notice on insolvency plea
The National Company Law Tribunal (NCLT), Delhi, issued a notice to SpiceJet on an insolvency plea on September 02, 2022. The airline company was directed to respond to it within two weeks, for not initiating insolvency proceedings against it. The case is likely to be heard next on September 30. SpiceJet’s shares closed at 37.90 [...]
Rakesh Jhunjhunwala stock surges 49% in two months; Do you own it?
The shares of Metro Brands Ltd reached an all-time high of ₹ 948.85 apiece on Tuesday’s intraday trades, on the back of a strong business outlook. The stock surpassed its previous high of ₹ 935, touched on September 23, 2022. This stock forms a part of ace investor Rakesh Jhunjhunwala’s portfolio. As per the latest [...]
Torrent Pharmaceuticals to acquire Curatio Healthcare for Rs 2,000 crore
Torrent Pharmaceuticals on Tuesday said it will acquire Curatio Healthcare for Rs 2,000 crore to strengthen its presence in the dermatology segment. The company has entered into definitive agreements to acquire 100 per cent of Curatio Healthcare for Rs 2,000 crore, Torrent Pharmaceuticals said in a regulatory filing. "The consideration includes Rs 115 crore (on [...]
Mark AB Capital LLC picks up 26.48% stake in SEPC Ltd
Dubai-based Mark AB Capital LLC has picked up 26.48 per cent stake in city-based SEPC (formerly Shriram EPC Ltd) through an equity investment of Rs 350 crore, sources said on Tuesday. The move was part of the SEPC Ltd's restructuring exercise under the stressed asset provisions of the Reserve Bank of India. Mark AB Capital [...]
BUY this Midcap maharatna stock for an upside of 80%; ICICI Securities
ICICI Securities is bullish on the shares of Bharat Heavy Electricals Limited (BHEL), a mid-cap Maharatna company. The company’s shares were trading at ₹ 55.15 apiece at 11:35 AM on Tuesday. In its research report dated September 22, 2022, the brokerage has maintained a buy call on the shares, with a target price of ₹ [...]
4 Nifty 50 stocks that are at a discount of more than 40% from their 52 week high
The markets have been volatile this year with negative cues emanating from the Russia-Ukraine war and the economic slowdown after Covid-19 lockdowns. Globally, central banks have been hiking interest rates in consecutive meetings and this has roiled the markets. The Nifty 50 is a benchmark index that represents the weighted average of 50 of the [...]
Top 2 Defensive stocks to watch as market turns volatile; Are you holding any?
The markets remain volatile and in the red as the fear of recession has gripped the market. Amid the turmoil, investors turn to stocks that hold their ground. A defensive stock is a stock that provides consistent dividends and stable earnings regardless of the state of the overall stock market. Here are two defensive stocks [...]
3 Multibagger stocks are coming up with Bonus issue soon; Check the details here
Bonus shares are additional shares that are issued by the company to the existing shareholders without any additional cost. These shares are generally issued in a ratio determined by the board of directors. The record date is a cut-off date that determines the eligibility viz an investor should own the share on the record date. [...]
SmallCap World Fund buys Mastek shares worth Rs 96 crore
Small Cap World Fund on Monday acquired software company Mastek Ltd's shares worth over Rs 96 crore through an open market transaction. According to bulk deal data available with BSE, SmallCap World Fund Inc purchased 5,49,676 shares of the company, amounting to a 1.82 per cent stake in the firm. The shares were bought at [...]
New trading software from TCS to take at least 3-4 months: MCX
Even as MCX decided not to renew its software contract with 63 Moons after September 30, the commodity bourse expects glitch-free trading till its transition to a new trading platform from TCS over the next three-four months. Meanwhile, 63 Moons Technologies, the trading platform vendor to the exchange, in exchange filings on Monday said, MCX [...]
Cement cos profitability seen dipping 15% on input costs
Despite a high double-digit demand growth, the profitability of cement companies is set to fall by 15 per cent because price hikes lag increase in production cost, according to a report. The report by rating agency Crisil, however, said that higher demand will cushion the credit outlook for the sector. Operating profitability of cement makers [...]
2 Multibagger stocks coming up with a stock split soon; Check the details here
A company generally splits its shares when it looks to enhance the liquidity of the stock in the market. After a split the number of shares outstanding increases keeping the total market capitalization the same. The ownership of shares on the record date which is set by the board determines the eligibility of investors. Here [...]
TCS hits a 52 week low of ₹ 2,926. Should you buy, sell, or hold?
IT stocks are reeling under selling pressure. The Nifty IT index hit a 52-week low of 26,186.70, falling below its previous low of 26,189.40 points, touched on July 15, 2022. Homegrown technology major, Tata Consultancy Services (TCS), shares hit a 52-week low of ₹ 2,926.10, during morning trades on Monday amid heavy volumes. Later the [...]
Energy Penny stock tanks 6% on rights issue and conversion of bonds
The shares of Suzlon Energy Ltd tanked 6.04% and were trading at ₹ 8.50 apiece at 11:54 AM on Monday. This happened after the company’s board approved a rights issue at its meeting on Sunday. In addition, the company has allotted equity shares on the conversion of its bonds. Suzlon energy is a small cap [...]
Markets in free fall; Sensex, Nifty tumble nearly 2%
Benchmark indices fell sharply on Monday, with the Sensex and Nifty tumbling nearly 2 per cent each amid weak global market trends and foreign fund outflows. Falling for the fourth straight day, the 30-share BSE Sensex tanked 953.70 points or 1.64 per cent to settle at 57,145.22. During the day, it plummeted 1,060.68 points or [...]
6 Stocks that were included and excluded from the ASM list
The stock market is subject to high volatility. This is evident with the ongoing correction as the NIFTY 50 has declined by 185.40 points or 1.07% at 17,146 while the BSE Sensex has lost 501.15 points or 0.86% to be at 57,588 till the afternoon on Monday. As fluctuation is inherent to the markets, there [...]
Fundamentally strong auto stock to BUY for a huge upside potential
The shares of Hero Motocorp Limited were trading lower by 1.8 per cent at Rs 2,707 levels in the early hours on Monday. In the past week, the shares have shed approximately 4 per cent. Over the last six months, the company has delivered a 15 per cent return to its investors. The marginal drop [...]
Harsha Engineers shares debut with 36% premium
Shares of Harsha Engineers International Ltd on Monday listed with a premium of more than 36 per cent against the issue price of Rs 330 apiece. The company's shares made their debut at Rs 444, reflecting a jump of 34.54 per cent against the issue price on the BSE. It later rallied 46.87 per cent [...]
High ROCE stocks below ₹ 1,000 to add to your watchlist; Are you holding any?
Return on Capital Employed (ROCE) is a ratio used to analyse a company's profitability and capital efficiency. It helps investors and other stakeholders to know how well a company is generating profits from its capital as it is put to use. It indicates what percentage of the total capital is the EBIT (Earnings before interest [...]
Top Stock Picks: 8 Stocks to BUY for an upside of up to 75%
On Friday, the Sensex shed 1.73 per cent or 1020.80 points and closed at 58098.92 points. Similarly, the NSE Nifty 50 lost 1.72 per cent or 302.45 points and settled at 17,327.35 points. Stocks fell globally as central banks around the world hiked interest rates to fight inflation. Amid volatility, here are some stocks recommended [...]
Weekly Recap: Yes Bank-Dish TV tussle, Adani Group’s new move, Tata Steel merger and More
The BSE Sensex and the NSE Nifty 50 ticked half a percent lower and the markets had a muted start. Nervousness persisted among investors amid recession warnings from the IMF and the World Bank and the UD Fed’s decision on interest rate hikes due during the week. The thirty-share Index opened at 58,747.31 points, while [...]
4 Microcap Multibagger stocks locked in an upper circuit
Microcap companies have a market capitalization of less than 500 crores. These companies are less popular among conservative investors as they have high risks associated with them. However, it must also be noted that the return by investing in these companies can be huge: Here are four microcap multibagger stocks that were locked in an [...]
New PSU company added to Maharatna CPSE club; Do you own the stock?
REC Ltd, a power sector focussed NBFC that comes under the aegis of the Power Ministry, has been accorded the status of ‘Maharatna’ central public sector enterprise (CPSE). With this, it will achieve greater operational and financial autonomy. The company’s shares are trading at ₹ 101.40 levels in a weak market. The Maharatna status will [...]
LIC reaches an all time low of ₹ 642; What should investors do?
The shares of Life Insurance Corporation of India (LIC) declined more than 26% after their market debut on May 17, 2022, and reached an all-time low of ₹ 645.00 apiece on Friday’s intraday trade. The state-owned insurance company’s shares are trading 32.03% below their issue price of ₹ 949 per share. LIC, India’s biggest life [...]
Sensex, Nifty tumble nearly 2% amid bearish global trends
Equity indices fell sharply by nearly 2 per cent each, extending their decline for the third day running on Friday, amid an overall bearish trend in global markets. The 30-share BSE Sensex tanked 1,020.80 points or 1.73 per cent to settle at 58,098.92. During the day, it tumbled 1,137.77 points or 1.92 per cent to [...]
Smallcap Multibagger stock delivers returns of more than 750% this year
The shares of Supreme Holdings & Hospitality Limited were trading at Rs 150 levels in the early hours on Friday. In yesterday’s session, the stock reached its new 52-week high of Rs 159.95. In the past five days, the stock has zoomed by approximately 10 per cent. In January 2022, the stock was trading at [...]
Bulk Deal: Multibagger Penny stock hits upper circuit after FIIs buy a stake
Eriska Investment Fund, a Mauritius-based foreign investment firm has bought a stake in Filatex Fashions Ltd, a small cap company listed on the Bombay Stock Exchange (BSE). As per the bulk deal details available on BSE’s website, the foreign institutional investor (FII) bought 7 lakh shares of the company at a price of ₹ 9.17 [...]
M&M Financial Services stock plummets 14% as RBI takes action
The shares of Mahindra and Mahindra (M&M) Financial Services Limited suffered deep cuts on Friday’s intraday trade after the Reserve Bank of India directed the company to immediately cease any recovery or repossession activities via an outsource till further orders. The shares reached a low of ₹ 192.05 apiece on Friday, after closing at 223.70 [...]
Reliance acquires 20% stake in solar tech firm Caelux for USD 12 million
Reliance Industries Ltd on Friday said it has acquired a 20 per cent stake in California-based solar tech firm Caelux for USD 12 million as it strengthens its new energy manufacturing capabilities. Reliance New Energy Ltd, a wholly-owned subsidiary of the firm, signed definitive agreements to invest in Caelux Corporation, a Pasadena, California-headquartered company engaged [...]
Renewable Energy stock jumps 21% after PLI Scheme; Expert sees further upside of 43%
The Union Cabinet on Wednesday approved changes in the production-linked incentive (PLI) scheme. In addition, it approved the second tranche of solar PV modules. Shares of Pallonji Group company, Sterling and Wilson Renewable Energy Ltd gained 9.99% on Friday’s morning trades. The shares reached an intraday high of ₹ 362.05 apiece after closing at ₹ [...]
Stocks to BUY: 2 Midcap Stocks that have huge potential upside of up to 50%
Mid-cap companies are known to be in their growth phase and thus have the potential to deliver exceptional returns to the investor. The risk in these types of stocks is lower and the liquidity is higher compared to small-cap stocks. Here are two mid-cap stocks that are recommended by analysts for an upside of up [...]
Singtel arm sells 1.59% stake in Bharti Airtel for Rs 7,261 cr
Pastel Ltd, an entity of Singtel, on Thursday divested 1.59 per cent stake in Bharti Airtel for Rs 7,261 crore through an open market transaction. The stake has been picked by Bharti Airtel's promoter Bharti Telecom Ltd, as per block deal data with the National Stock Exchange (NSE). According to the data, Pastel offloaded 9,40,00,000 [...]
Tata Steel board approves merger of six subsidiary companies
Tata Steel will merge with itself six of its subsidiary companies, a statement said on Friday. A proposal in this regard was approved by the Board of the company on Thursday, it said. "The Board of Directors of Tata Steel considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata [...]
Sensex tumbles 337 pts post Fed rate hike; FMCG cos buck trend
Equity benchmarks retreated for the second session on the trot on Thursday, in lockstep with a bearish trend overseas after the US Federal Reserve increased interest rates by 75 basis points and projected more rate hikes to quell scorching inflation. The rupee plunging 90 paise to an all-time closing low of 80.96 against the US [...]
5 Things you should know if you are a Adani Group Investor
The share price of Adani Group companies has spiralled in the past year and this has played a major role in making Gautam Adani the second richest person in the world. The completion of the acquisition of Ambuja Cement and ACC helped the conglomerate overtake the Tata Group in terms of market capitalization. No-poaching pact [...]
ITC hits fresh 52 week high of Rs 348; Brokerage firm sees more upside in it
The shares of the tobacco giant ITC Limited opened at Rs 341 and gained approximately 2.2 per cent in the early hours on Thursday to reach a new 52-week high of Rs 348.75. In a month, the stock has rallied by 10 per cent. When compared to the Nifty 50's performance of 1.4 per cent [...]
Housing finance stock jumps 7% ; Brokerage sees further upside of 33%
The shares of Aptus Value Housing Finance zoomed 8% to the day’s high price of ₹ 321.15 per share after foreign brokerage Citi initiated coverage on the stock. Its shares were trading at ₹ 314.30 apiece at 11:48 AM on Thursday. Citi has given a ‘buy’ call on the shares with a target price of [...]
Multibagger industrial explosive stock bags two orders from Israel Aerospace
The shares of Premier Explosives Limited have shed approximately 3 per cent till 12 pm on Thursday and were trading at Rs 485 levels. In a month the stock has gained approximately 22 per cent. Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) [...]
Two entities offload Dodla Dairy shares worth Rs 106 cr
Two entities on Wednesday offloaded dairy company Dodla Dairy Ltd's shares for Rs 106 crore through open market transactions. According to block deal data available with the National Stock Exchange (NSE), TPG Dodla Dairy Holdings Pte sold 18,31,434 shares while Sunil Reddy Dodla -- one of the promoters of Dodla Dairy -- disposed of 1,95,000 [...]
Triveni Engineering sells entire 21.85% stake in Triveni Turbines for Rs 1,600 crore
Sugar firm Triveni Engineering & Industries Ltd on Wednesday said the company has sold its entire 21.85 per cent stake in Triveni Turbines for about Rs 1,600 crore. The shares have been sold to Rati Sawhney, one of the promoter of Triveni Turbine, and a few institutional investors, including sovereign wealth funds of Singapore and [...]
CBI arrests ABG founder and chairman Rishi Agarwal in Rs 22,842 cr bank fraud case
The CBI arrested the founder-chairman of ABG Shipyard Limited, Rishi Kamlesh Agarwal, on Wednesday in connection with an alleged bank fraud of more than Rs 22,842 crore, officials said. The Central Bureau of Investigation (CBI) had booked Agarwal, a former chairman of the company, and others for the alleged offences of criminal conspiracy, cheating, criminal [...]
2 Stocks to BUY for a potential upside of more than 50%
The government on Friday slashed windfall gains tax, following a decline in international crude oil prices. This is the fifth revision of the windfall tax since its implementation on July 01. According to the Central Board of Indirect Taxes and Customs (CBIC) notification, it has cut the tax on domestically produced crude oil to ₹ [...]
Smallcap IT Stock sets record date for stock split as 26 Sep; Do you own it?
The share price of the small-cap IT company Saksoft Limited dropped by approximately 3 per cent and closed at Rs 1,150 on Wednesday. In the last five days, the stock has zoomed by 7 per cent. Saksoft Ltd is a leading Digital Transformation Solution Partner for clients across various countries. It works with mid-tier businesses [...]
Markets fall after 2 day gain; US Fed policy decision eyed
Equity indices ended lower on Wednesday amid mixed global market trends ahead of the keenly awaited US Fed interest rate decision. The 30-share BSE Sensex fell 262.96 points or 0.44 per cent to settle at 59,456.78. During the day, it tanked 444.34 points or 0.74 per cent to 59,275.40. The NSE Nifty went lower by [...]
Govt approves Rs 19,500 crore PLI scheme for manufacturing solar PV modules
The Cabinet on Wednesday approved a Rs 19,500-crore production linked incentive (PLI) scheme on 'national programme on high efficiency solar PV modules' with an aim to attract Rs 94,000 crore investment in the sector. One of the the benefits expected from the PLI scheme is that about 65,000 MW per annum manufacturing capacity of fully [...]
Banking stocks outperform Nifty 50; what’s fuelling the rally?
Banking stocks in India have outperformed the benchmark indices in the past month, on the back of a buoyant growth outlook. They have been driving the gains of the broader market and have been second, only to FMCG stocks in terms of gains. For perspective, Nifty Bank gave 7.27 per cent returns in the past [...]
KEC International bags new orders worth over Rs 1,100 cr
KEC International, a global infrastructure engineering, procurement and construction major, on Wednesday said it has bagged new orders totaling over Rs 1,100 crore in various business segments. The company said its transmission & distribution (T&D) business has secured orders for building a 400 kV digital GIS substation order from Power Grid Corporation of India Limited [...]
Auto Stock jumps 7% and reaches 52-week high after M&M plans to buy stake in it
In the early hours of trading on Wednesday, Swaraj Engines Limited's shares, which had begun at Rs 1,820, soared by 7% to hit a new 52-week high of Rs 1,962. In a month the stock has surged by approximately 19 per cent. In June 2017, the stock reached an all-time high of Rs 2,545. It [...]
Multibagger EV stock with 850% returns bags multiple orders for electric buses
The shares of the company were trading in red at Rs 616 levels till the afternoon on Wednesday. In a month the stock has gained 1.1 per cent. In a year the shares have zoomed by approximately 52 per cent. Olectra Greentech Limited (Olectra), a subsidiary of MEIL Group is India’s first ever electric bus [...]
3 Nifty 50 stocks at 52 week high; Analysts see further upside
Following two back-to-back days of gains, headline gauges - Nifty 50 and BSE Sensex took a downturn. Investors are nervous ahead of an expected interest rate hike by the US Fed’s rate-setting panel. Gains in Auto and FMCG stocks were offset by losses in financial and IT shares. Here are three Nifty 50 stocks that [...]
Adani Group pledges stake worth USD 13 bn in Ambuja Cements and ACC
The Adani Group has pledged its entire stake worth USD 13 billion in Ambuja Cements and ACC, days after completing its USD 6.5 billion acquisition of the two companies. According to regulatory updates on Tuesday, billionaire Gautam Adani-led group has encumbered its 63.15 per cent stake in Ambuja Cements and 56.7 per cent stake in [...]
Individual sells 3.3% stake in Best Agrolife worth Rs 98 crore
An individual on Tuesday sold 3.3 per cent stake in Best Agrolife Ltd for over Rs 98 crore through open market transactions. Raj Kumar offloaded 5,25,000 shares on the NSE and 2,75,000 shares on the BSE, amounting to 3.38 per cent stake in the company, as per the bulk deal data available with the two [...]
Yes Bank to sell stressed assets worth Rs 48k cr to JC Flowers ARC
Yes Bank on Tuesday said its board has approved the sale of stressed assets worth around Rs 48,000 crore to JC Flowers ARC, which has turned out to be the sole bidder for the portfolio. The US-based asset reconstruction company (ARC) had in July this year emerged as the base bidder for the proposed sale [...]
Penny Stock of ₹ 2 is paying a dividend of ₹ 15; Check the details
Elcid Investments, a penny stock that traded at a price of ₹ 2.31 apiece on the Bombay Stock Exchange, had declared a dividend of ₹ 15 per share. This is more than 6.5 times its share price. The shares will trade ex-dividend on September 22, 2022. However, investors cannot invest in the company as its [...]
Stock Market News: Top Gainers, Losers and Main Highlights today
Benchmark Indices quoted higher on Tuesday and halted a three-day losing streak, tracking strength across global markets. Singapore Exchange (SGX) Nifty futures, which are an early indicator of the Nifty index, witnessed gains ahead of the opening bell on D-Street. The BSE Sensex closed 578.51 points or 0.98% higher at 59719.70 points while the Nifty [...]
Stock jumps 8.5% and touches 12 year high after receiving a huge order
The shares of Welspun Corp Ltd. touched a 12-year high of ₹ 281.30 apiece on Tuesday’s early trades. The multibagger stock advanced 8.5% in two days as it secured a significant order for a Carbon Capture Pipeline project in the United States, as per a regulatory filing. As per the shareholding pattern for June, the [...]
Stocks jumps 10% as Chairman of the company resigns
The shares of Dish TV India Ltd have been on an uptrend for the last two days. On Monday the shares rallied by approximately 10 percent after the company announced that its Chairman and Director, Jawahar Lal Goel tendered his resignation from the board of the company. On Tuesday, the shares continued to rise and [...]
Stock falls after Managing Director resigns; Jefferies sees a 28% upside
Bears pounded the shares of Can Fin Homes’ after the company’s MD and CEO Girish Kousgi, on September 19, 2022, informed the board about his decision to resign, citing personal reasons. The shares tanked over 5% to ₹ 545.00 apiece on Tuesday’s early trades. Kousgi will continue to function as the Managing Director & CEO [...]
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