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PSU stock jumps after receiving order worth ₹122 Cr from Meerut Development Authority
In Wednesday’s trading session, the shares of one of the leading PSU stock specialised in offering engineering consultancy and project management services jumped upto 2 percent after receiving a new work order for providing consultancy services to Meerut Development Authority. Price action With a market capitalization of 14,420 Crores on Wednesday, the shares of Rites [...]
Pharma stock hits 20% upper circuit after receiving 15 API contracts from UK and EU based companies
The Indian pharmaceutical industry is a global leader, ranking third in volume and 14th in value, with a market size of over $50 billion. Known as the “pharmacy of the world,” it supplies 20% of global generic medicines and is a key player in vaccines, exporting to over 200 countries. The industry is driven by [...]
Nuclear stock in focus after allocating shares worth ₹25 Cr through preferential basis
Nuclear energy stock engaged in designing and manufacturing high-precision & heavy-duty mechanical seals widely employed in various nuclear & thermal projects in focus following successful fundraising to expand into the areas of advanced mechanical seals for defence and nuclear applications. Price action With a market capitalization of Rs. 507.71 Crores, the shares of Sealmatic India [...]
5 Stocks to benefit from Andhra Govt electric policy for 100% public buses electrification
Andhra Pradesh has launched the Sustainable Electric Mobility Policy (2024-29) to position itself as a hub for electric vehicle (EV) manufacturing. This five-year initiative aims to attract private investments, improve urban mobility, and reduce transportation emissions. This policy encourages the establishment of EV manufacturing units and charging infrastructure while offering financial incentives such as investment [...]
Stock under ₹50 jumps 19% after signing licensing and lease agreement with Tata Group
Realty stock under Rs. 50 specializing in the construction and development of commercial and residential properties jumped upto 19 percent in the day’s trade upon signing the Licensing and Lease Agreement with Tata Group stock. Price Action With a market capitalization of Rs. 857 Crores, the shares of Hampton Sky Realty Limited were trading at [...]
Nissan and Honda in Merger talks; Will this affect the Indian Auto sector?
Japanese carmakers dominate the global automotive market with their innovation, reliability, and efficiency. Leading brands like Toyota, Honda, Nissan, Suzuki, Mazda, Subaru, and Mitsubishi have established a strong presence worldwide, renowned for producing high-quality, fuel-efficient, and durable vehicles. Toyota, the largest automaker globally, pioneered hybrid technology with its iconic Prius and leads in sustainability efforts. [...]
Midcap stock to buy now for an upside of 45%; Do you own it?
According to ICRA, The life insurance sector in India is experiencing robust growth, with the New Business Premium (NBP) projected to reach ₹4.06-4.14 trillion in FY2024, up from ₹3.71 trillion in FY2023, reflecting a growth rate of 9-12% 1. Private insurers are leading this surge, demonstrating resilience amidst regulatory changes and increasing market share. With [...]
Infra stock jumps 10% after receiving supply order from Powerica for oil storage tanks
In Tuesday’s trading session, the shares of one of the leading Infrastructure stock specialised in providing mechanical solutions and electrical services jumped upto 10 percent after receiving work order from Powerica Limited. Price action With a market capitalization of 293.14 Crores on Tuesday, the shares of Lakshya Powertech Ltd jumps upto 10 percent after making [...]
4 Fundamentally strong stocks with RSI below 30 to keep on your radar
When the Relative Strength Index (RSI) drops below 30, it signals that a stock is in the oversold zone, suggesting that it may have been excessively sold off and could be undervalued. This presents a potential investment opportunity, particularly for fundamentally strong stocks, as market overreactions often create attractive entry points. For market leaders with [...]
Smallcap stock jumps 3% after company to establish biodiesel plant worth ₹150 Cr in Kharagpur
Small cap stock engaged in the business of Edible oil and vanaspati, distillery, and Real Estate in India jumped upto 3 percent in the day’s trade upon receiving consent to establish a biodiesel plant with an investment of Rs. 150 Crores. Price Action With a market capitalization of Rs. 1,550 Crores, the shares of BCL [...]
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US fund TFCC buys 46 pc stake in Chennai-based Ramcharan Co for USD 4.14 billion. PTI BEN MR MR
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Aviation regulator DGCA postpones resumption of scheduled international flights from Dec 15; effective date to be notified in due course. PTI RAM BAL BAL
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Fiscal deficit target of 6.8 pc of GDP for current financial year likely to be met: CEA. PTI DP DP ABM ABM
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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
Smallcap Stock surges more than 56% by hitting 5 upper circuits in 5 days
The shares of MM Rubber Company Limited have surged by 4.98% on Monday’s early trades and are currently locked at an upper circuit. They reached their fresh all-time high of ₹ 125.45 on the Bombay Stock Exchange (BSE). In the past five days, the share price of the company has increased by a massive 56.91% [...]
Tamilnad Mercantile Bank IPO fully subscribed
The initial public offer of Tamilnad Mercantile Bank got fully subscribed in morning trade on Tuesday, the day two of subscription. The Rs 831.6-crore public offer received bids for 88,32,292 shares, against 87,12,000 shares on offer, according to an update available with the NSE till 10:51 am. Retail Individual Investors (RIIs) category received 2.15 times [...]
Nomura invests Rs 125 crore in telecom company iBus
Global financial services group Nomura has invested Rs 125 crore in Morgan Stanley-backed telecom infrastructure firm iBus Group, the Bengaluru-based firm said on Monday. The strategic investment will enable iBus Group in the consolidation and transformation of digital infrastructure in wifi-managed services and other value-added services. The funding will also help expand the iBus Group's [...]
Sameer Khetarpal joins Jubilant FoodWorks as CEO, MD
Jubilant Foodworks Ltd (JFL) on Monday announced that Sameer Khetarpal has joined as its chief executive officer and managing director. "Shareholders have also approved his appointment in the 27th Annual General Meeting of the Company convened on August 30, 2022," said a statement from JFL. Earlier in May this year, JFL, which operates fast-food chains [...]
Sembcorp sells India unit to Omanese consortia for Rs 11,734 cr
Singaporean utility firm Sembcorp Industries on Monday announced the sale of its entire stake in its India unit to an Omanese consortium for Rs 11,734 crore as part of its decarbonisation drive. The firm will sell 100 per cent of its shares in Sembcorp Energy India Ltd (SEIL) to Tanweer Infrastructure Pte Ltd, it said [...]
IEX total trade volume dips 18% to 7,805 mn units in Aug
The total trade volume of Indian Energy Exchange (IEX) registered an 18 per cent annual decline in August to 7,805 MU (million units). The total trade volume in August 2021 was at 9,538 MU, an IEX statement said. However, on a month-on-month basis, IEX registered a 9 per cent growth in August. In July 2021, [...]
Brokerages see up to 35% upside in this stock after it demerged its pharma business
Piramal Enterprises Limited has demerged its pharma business and the stock started trading ex-pharma on August 30, 2022. The National Company Law Tribunal (NCLT) approved the demerger of Piramal Enterprises’ Pharma business and the simplification of the company’s corporate structure last month. Further, it will increase liquidity for shareholders. The diversified company’s financial business contributes [...]
Sensex, Nifty climb nearly 1%; RIL, ICICI Bank lead charge
Equity benchmark indices rallied nearly 1 per cent to re-visit the 59,000-mark on Monday, tracking heavy buying in index heavyweights Reliance Industries and ICICI Bank. The BSE benchmark rose 442.65 points or 0.75 per cent to settle at 59,245.98. During the day, it jumped 504.92 points or 0.85 per cent to 59,308.25. The NSE Nifty [...]
7 Stocks that will start trading Ex-Dividend this week; Are you holding any?
On Monday, The BSE Sensex opened 210 points or 0.4 per cent higher at 59,010, while the NSE Nifty 50 was ruling 0.4 per cent up at 17,617. With the ongoing optimism in the market, here are some stocks that will trade ex-dividend this week: Asahi India Glass Limited The glass manufacturing company has announced [...]
Multibagger smallcap stock with 465% returns announces stock split
The shares of Colorchips New Media Ltd hit the upper circuit on Monday. The company’s shares are locked at 131.75 apiece, up 4.98% and it has announced the sub-division of its equity shares in the ratio of 1:5. Colorchips New Media Ltd is a lesser-known media company that is engaged in the business of film [...]
Penny stock hits upper circuit of 20% as company plans to raise Rs 1,200 crores
The shares of Suzlon Energy Limited opened at Rs 9.25 on Monday and rose by 20 per cent to hit an upper circuit at Rs 10.55. The stock has surged by more than 32 per cent in the past five days. It has delivered a return of more than 41 percent in a month. In [...]
Cyrus Mistry and co-passenger killed in car crash not wearing seat belts; over-speeding, error of judgement caused accident: police
Former Tata Sons chairman Cyrus Mistry and a co-passenger killed in the car crash on Sunday were not wearing seat belts as per the preliminary probe, a police officer said, adding over-speeding and the "error of judgement" by the driver caused the accident. Prima facie, the luxury car was speeding. It covered 20 km of [...]
Pharmaceutical ingredients maker Blue Jet Healthcare files IPO papers with SEBI
Pharmaceutical ingredients maker Blue Jet Healthcare has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The IPO is completely an offer-for-sale (OFS) of up to 21,683,178 equity shares by promoters -- Akshay Bansarilal Arora and Shiven Akshay Arora --, according to the draft red herring prospectus [...]
RPower, its subsidiary to raise debt of up to Rs 1,200 cr from Varde Partners
Reliance Power and its subsidiary have inked a pact with Varde Partners for availing debt of up to Rs 1,200 crore. In a regulatory filing, Reliance Power said the company and its subsidiary have entered into a indicative Memorandum of Understanding (MoU) with Varde Partners for availing debt of up to Rs 1,200 crore (USD [...]
Weekly Recap: Market Movers, Nifty Rebalance, Reliance AGM and More!
The Indian stock market on Monday started deep in the red as it reacted to US Federal Reserve’s Chair Jerome Powell's speech. He said that they will likely need to keep interest rates high to slow the economy for some time in its effort to tame inflation. The Sensex plunged more than 1300 points or [...]
Multibagger Chemical stock delivers returns of more than 18,000% in 4 yrs; 1 Lakh to 1.83 Crores
The shares of Best Agrolife Limited traded at Rs 6.97 a piece on BSE. From there it has spiked up to the current levels of Rs 1,274 thereby delivering a multibagger return of 18,200 per cent in 4 years. In a year, the stock has delivered a return of approximately 58 per cent. If an [...]
Chinese loan apps case: ED raids Razorpay, Paytm, Cashfree
The Enforcement Directorate Saturday said it is conducting raids at Bengaluru premises of online payment gateways like Razorpay, Paytm and Cashfree as part of an ongoing probe against "illegal" instant smartphone-based loans "controlled" by Chinese persons. The searches were launched Friday at six premises in Karnataka's capital city, it said in a statement. The search [...]
4 Multibagger Debt Free stocks to add to your watchlist; Are you holding any?
While doing a fundamental analysis of any stock one of the most crucial aspects should be to check the amount of debt that the companies owe to its creditor. A high-debt company generally yields higher risk as the chances of defaulting on them are higher. Here are four debt-free stocks that have given multibagger returns [...]
5 Stocks that have delivered up to 45% returns this week; Do you own any?
The Indian stock market on Monday started deep in the red as it reacted to US Federal Reserve’s Chair Jerome Powell's speech. The Sensex plunged more than 1300 points or 2.23 per cent to open at 57524.27. In a similar manner, the NSE Nifty opened at 17181.90 points, down by 377.00 points or 2.15 per [...]
Food stock jumps 85% after the company announced the proposal to delist
The shares of Crax maker- DFM Foods surged 65.87% in the past month and the shares are currently trading at ₹ 363.85 apiece. This happened after the company announced the proposal to delist its equity shares from the bourses. The company’s share price increased from ₹218.55 to the current levels. If an investor would have [...]
This Adani Stock will replace Shree Cement in upcoming Nifty 50 rebalance
The flagship entity of the Adani Group - Adani Enterprises replaced Shree Cement in Nifty 50, the National Stock Exchange’s (NSE) benchmark index. These changes are based on factors including the free float market capitalization of the companies. This inclusion could lead to a net inflow of around $213 million on Adani Enterprises’ counter, however, [...]
Should you invest in Tamilnad Mercantile Bank IPO? Here is a red flag you should know
Companies have started to come up with their Initial Public Offering (IPO) after a halt of approximately three months. In the past four weeks, two mainboard IPOs have hit the market. The third and upcoming IPO is floated by Tamilnad Mercantile Bank Limited. It is looking to raise Rs. 831.60 Crores from the markets. The [...]
IOC raises 2,500 cr in debt at interest lower than sovereign
Indian Oil Corporation (IOC), the nation's top oil firm, raised Rs 2,500 crore in debt through non-convertible debentures (NCD) at an interest rate lower than government bonds, its director (finance) Sandeep Gupta said on Friday. "Today, Indian Oil fetched a competitive price of a 5-year unsecured NCD issue at an annual fixed coupon of 7.14 [...]
PSU stock reaches 52 week high as company plans minority stake sale
The shares of NTPC Limited climbed 3.55 per cent on Friday’s early trades to reach a fresh 52-week high of ₹ 166.40 apiece. The company’s shares were among the top gainers on Sensex amid reports that ArcelorMittal, Brookfield and Canada Pension Plan Investment Board were some of the entities that expressed interest to purchase a [...]
2 Auto Stocks reach 52 week high; Analysts see further upside of up to 43%
The Indian automakers see robust growth in their sales as the festive season has arrived in India. The shortage of semiconductors which crippled the industry for the last two years is finally easing. With things turning positive for the industry, here are two auto stocks that are at a 52-week high after reporting a strong [...]
Indian origin Laxman Narasimhan named new Starbucks CEO
Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations. Narasimhan, 55 was previously the CEO of UK-based Reckitt Benckiser, a multinational consumer health, hygiene and nutrition company. Starbucks [...]
IMF provisionally agrees on USD 2.9 billion bailout for crisis hit Sri Lanka
The IMF on Thursday announced that it will provide Sri Lanka a loan of about USD 2.9 billion over four years under a preliminary agreement to help the bankrupt island nation tide over its worst economic crisis and protect the livelihoods of the people. Sri Lanka is going through its worst economic crisis since its [...]
EV company Olectra Greentech plans to raise Rs 800 crore
Electric mobility firm Olectra Greentech on Thursday said its board has approved a plan to raise up to Rs 800 crore through issuance of securities. The company is looking to raise the amount through issuance of equity shares and /or through sale of securities convertible into equity shares. These could include issuance of warrants through [...]
Multibagger smallcap stock with 117% returns is coming up with Bonus and Stock split next week
The shares of Dangee Dums Limited opened at Rs 409 and scaled by approximately 12 per cent to reach its new 52-week high of Rs 460 on Thursday. In a month the stock has jumped by more than 15 per cent. So far this year, the stock has gained more than 117 per cent YTD. [...]
Stocks to Watch: 3 stocks with an avg net profit margin of more than 50% in 5 years
The sales of a company and the portion of revenue that remains after all the expenses are accounted for, known as the net profit are two of the most important metrics that an investor should look out for while investing in the company. Consistency in net profit implies that the company is growing. Here are [...]
Ashok Leyland gets a BUY call as the order book gets strong; Check the target
The shares of Ashok Leyland Limited opened at Rs 155 and zoomed by 3.6 per cent to reach its new 52-week high of Rs 161.60 in the early trading hours of Thursday. The stock has added more than 6 per cent in the past five days. So far this year the stock has added more [...]
Sensex, Nifty fall over 1% amid weak global trends
Benchmark indices Sensex and Nifty took a beating on Thursday and dropped over 1 per cent each, weighed by selling in index major Reliance Industries, IT and banking stocks amid weak global trends. The BSE Sensex fell 770.48 points or 1.29 per cent to settle at 58,766.59. During the day, it tanked 1,014.5 points or [...]
Top Stock Pick: BUY this logistics stock for an upside of 48%
The shares of Aegis Logistics Limited are making new highs and continued to rally by 5 per cent to reach a new 52-week high of Rs 303.55 in the early hours on Thursday. Their all-time high is at ₹ 920 apiece, which they reached on July 30, 2015. The company’s shares are currently trading at [...]
5 Multibagger dividend paying stocks to add to your watchlist
There are generally two ways to earn in the stock market i.e, Capital appreciation and Dividends. While capital appreciation happens over time through active investing, Dividend is a source of passive income. Here are 5 stocks that not only have consistent dividend history but have also given multibagger returns over the years: Vedanta Limited The [...]
MTNL fails to pay Rs 35.15 cr interest to Union Bank of India
Loss-making state-owned telecom firm MTNL has defaulted on an interest payment of Rs 35.15 crore to Union Bank of India, which was due to be paid in July, the company said in a regulatory filing. The company is reeling under a total debt of Rs 27,330 crore. "MTNL has defaulted in the payment of Interest [...]
Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil
The government has hiked the windfall profit tax on the export of diesel to Rs 13.5 per litre and on jet fuel exports to Rs 9 a litre, besides raising the levy on domestically-produced crude oil in line with the hardening of global prices. At the fourth fortnightly review, the government raised the windfall profit [...]
SpiceJet stock tumbles nearly 15% in early trade as loss widens in June qtr
Shares of SpiceJet tumbled nearly 15 per cent in early trade on Thursday after the company reported widening of net loss at Rs 789 crore for June quarter. The company's stock tanked 14.65 per cent to Rs 39.60 on the BSE. Later, it recovered some of the lost ground and was trading at Rs 43.60, [...]
3 Stocks that have given more than 50% returns in the a month
Indices opened with decent gains on Tuesday. However, they are expected to remain under pressure due to persistent rate hike worries among traders. This happened after Fed Chief Jerome Powell indicated on Friday that the Central Bank will raise interest rates in order to curb inflation. The BSE Sensex is quoting at 59537.07 points, as [...]
Nifty 50 Stock fixes record date as Sep 14 for stock split and bonus issue; Do you own it?
The shares of Bajaj Finserv gained 5.40% on Tuesday’s intraday trade as it fixed the record date for its stock split and bonus issue, as a double bonanza for investors. Bajaj Finserv in a regulatory filing said that the board has set the date of September 14, 2022, (record date) to decide which shareholders are [...]
Adani Electricity investing Rs 500 cr for smart meter installations in Mumbai
Adani Electricity Mumbai (AEML) on Tuesday said it is investing Rs 500 crore to install smart meters for seven lakh consumers in the financial capital by the end of 2023. The power discom, a unit of the listed Adani Transmission, said the 7 lakh smart meters is the first phase target and the remaining 20 [...]
Coal India reaches a fresh 52 week high, Motilal Oswal sees more upside
Coal India Limited’s shares surged 2.12% on Tuesday’s intraday trades to reach a fresh 52-week high of ₹ 235.50. Their share price surged 4.85% in the past five days and 10.15% in the past month. The shares are currently trading at ₹ 234.30 apiece. Coal India’s shares have risen by 50.90% as per year-to-date data. [...]
4 Stocks that hit 20% upper circuit today; Do you own any?
Various stocks gained 20% today and hit the upper circuit on Tuesday as equity benchmarks NSE Nifty and BSE Sensex traded in the green amid brisk buying in frontline blue chip counters. The thirty share index (BSE Sensex) was quoting at 59,280.59 points up1,307.97 points or 2.26%, while the fifty share index (NSE Nifty) was [...]
Key takeaway of Reliance AGM; What should investors do?
The much-awaited Reliance Annual General Meeting was held on Monday. In the meeting, chairman Mukesh Ambani spoke about different ventures of Reliance going forward. Here are some of the highlights of the AGM meeting: The 5G services will be first launched during Diwali i.e, by October end of this year in four metro cities in [...]
Tamilnad Mercantile Bank IPO to open on Sep 5; sets price band of Rs 500-525 per share
Private sector lender Tamilnad Mercantile Bank on Tuesday said it has fixed a price band of Rs 500-525 per share for the Rs 832 crore-Initial Public Offering (IPO). The initial share sale will open on September 5 and conclude on September 7. The bidding for anchor investors will open on September 2. The IPO will [...]
TATA Group stock jumps 20% and hits upper circuit; Do you own it?
The shares of Tata Teleservices (Maharashtra) Limited opened at Rs 91.5 on Tuesday and shot up by approximately 20 per cent to trade at Rs 108 till 12 pm. The stock had shed more than 10 per cent in a week before the rally started. The rally can be attributed to a huge surge in [...]
PSU stock fixes record date for bonus issue as 7th September; Check the details
The shares of GAIL (India) Limited were trading 1.5 per cent up at Rs 136 levels in the early trading hours on Tuesday. The stock remained volatile last week and has gained approximately 3.8 per cent in the last five days. However, in a month the stock has shed 7 per cent. So far this [...]
SpiceJet aircraft tyre found deflated after landing at Mumbai airport
SpiceJet on Monday said a tyre of one of its aircraft was found deflated after landing at the airport here. Passengers were deplaned in a normal manner from the aircraft that had come from Delhi, a SpiceJet spokesperson said in a statement. It did not share the number of passengers on board the plane. "On [...]
Reliance plans Rs 2.75 lakh cr investment; prepares for larger battle with Adani group
Billionaire Mukesh Ambani on Monday announced a Rs 2.75 lakh crore investment plan to expand and diversify his USD 221 billion-empire by rolling out 5G services from October, adding capacity in the core oil and chemical business and taking on rival Gautam Adani with a foray into FMCG sector. Ambani, 65, also identified the businesses [...]
Prasol Chemicals gets Sebi’s nod to raise Rs 800 crore via IPO
Specialty chemical company Prasol Chemicals has received capital markets regulator Sebi's go-ahead to raise as much as Rs 800 crore through an Initial Public Offering (IPO). The IPO comprises fresh issue of equity shares aggregating up to Rs 250 crore and an Offer-For-Sale (OFS) of up to 90 lakh equity shares by existing shareholders, according [...]
Ambani details succession plan; Retail to Isha, Energy to Anant
Billionaire Mukesh Ambani on Monday laid bare the succession plan at India's most valuable company, identifying twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit. He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership as before". At the annual shareholders' meeting [...]
7 Stocks that will start trading Ex-Dividend this week; Are you holding any?
Dividends have been a passive source of income for many. Investors make money from dividends even when stocks are trading sideways or are showing a downtrend. In this highly volatile market, here is a list of companies that are going to start trading ex-dividend this week: Power Finance Corporation Ltd Ex-dividend date: September 1st, 2022 Dividend [...]
PSU stock jumps 15% today to reach its all time high despite market fall
The shares of Mazagon Dock Shipbuilders Limited opened at Rs 344 on Monday and rose by approximately 15 per cent to reach its new All time high of Rs 399 in the early trading hours. The stock has gained more than 27 per cent in the last five days. In the span of a month, [...]
Market Crashed upto 2.1% today; Check what analysts have to say
The BSE Sensex tanked more than 1300 points or 2.23 per cent on Monday, opening at 57524.27 points. Similarly, the NSE Nifty 50 opened at 17181.90 points, down 377.00 points or 2.15%. However, the markets recovered later during the morning session. The Sensex was down 740.36 points (1.26 per cent) at 58,093.51, while the Nifty [...]
Top Stock Picks: 10 Stocks to BUY for a potential upside of upto 78%
The market bled on Monday as the Sensex was down 1,210.62 points or 2.06% to open at 57623.25, and the Nifty was down 361.50 points or 2.06% and started at 17197.40. Amid the highly volatile markets, here are some stocks which are suggested by brokers for an upside of up to 78%: Reliance Industries Ltd [...]
Multibagger EV Stock delivers more than 2,600% returns in a year; Wants to compete with TATA
Gensol Engineering Ltd has witnessed increased investor interest as the stock skyrocketed 2,621.93 per cent in the past year. Until the end of last year, the company was relatively less known. It was a solar consultant and an operator of a fleet of electric cabs. Then it kicked off its plan to manufacture electric vehicles. [...]
Akasa Air suffers data breach
Akasa Air, which started operations less than a month ago, has suffered data breach resulting in certain customer information being accessed by unauthorised individuals. The airline on Sunday apologised for the data breach and said the incident has been "self-reported" to the nodal agency, the Indian Computer Emergency Response Team (CERT-In). Akasa Air also said [...]
Stocks to Watch: Upcoming Dividends, Bonuses, Stock Splits, and More
Market barometers BSE Sensex and NSE Nifty 50 jumped on Friday backed by gains across sectors. Financial, IT and FMCG Sectors were some of the biggest contributors to the rise in both indices. The BSE Sensex closed in the green at 58833.87 points as it gained 0.10% or 59.15 points. Similarly, the Nifty 50 quoted [...]
3 Multibagger stocks are coming up with a stock split next week; Do you own any?
A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Generally, a stock split is taken as a sign that the company is thriving for which the stock prices have increased. So to make it more affordable for the investors, the stock is split. Here are three [...]
Diesel export falls 11% in July on levy of windfall profit tax
India's diesel exports fell by 11 per cent in July and overseas shipment of petrol dropped by 4.5 per cent after the government slapped a windfall profit tax on such sales, official data showed. Diesel exports dropped to 2.18 million tonnes in July from 2.45 million tonnes a month back, data from the Oil Ministry's [...]
Weekly Recap: Titan’s Expansion plan, NDTV’s acquisition, Liquor maker halts sales and More
The headline gauges were on shaky grounds on Monday. The BSE Sensex lost 0.99% or 591.85 points during early trades and was at 59,054.30. At the same time, the Nifty 50 lost 117.20 points or 1.00% and was quoting at 17581.25 points. On Friday’s closing bell, benchmark indices managed to hold on to the green. [...]
Tata Group stock gets a BUY call with a potential upside of up to 38%
The shares of Tata Motors Limited were trading 2.3 per cent up at Rs 469 levels in the early trading hours on Friday. In a month the stock has zoomed by more than 6.5 per cent. However, so far this year the stock has been volatile and shed more than 5 per cent YTD. In [...]
4 Multibagger stocks with high promoter holdings; Do you own any?
The shares held by a promoter refer to promoter holdings or promoter stake. The stake that promoters hold in a company plays a very important role in the success and growth of a company. Promoters are usually at the top level of management of the company. Therefore when their stake is high or is increasing, [...]
Karnataka mining: SC raises ceiling limit of iron ore mining for three districts
The Supreme Court on Friday raised the ceiling limit of iron ore mining for Ballari, Chitradurga, and Tumakuru districts in Karnataka, saying conservation of the ecology and environment must go hand in hand with the spirit of economic development. The apex court raised the ceiling limit of iron ore mining from 28 MMT to 35 [...]
Inflation trajectory heavily contingent on geopolitical developments: RBI Dy Guv
Inflation trajectory continues to be "heavily contingent" upon the evolving geopolitical developments, international commodity prices and global financial sector developments, Reserve Bank Deputy Governor Michael Debabrata Patra has said. The RBI on its part has front-loaded monetary policy response, with a cumulative 140 basis points increase in the benchmark rate so far with an aim [...]
Syrma SGS Technology shares jump over 42% in debut trade
Syrma SGS Technology shares ended with over 42 per cent premium in the debut trade on Friday against the issue price of Rs 220. The stock made its debut at Rs 262, a jump of 19.09 per cent from the issue price on the BSE. During the day, it zoomed 42.90 per cent to Rs [...]
BUY this Rakesh Jhunjhunwala stock for an upside of more than 55%
The shares of NCC ltd, a late Rakesh Jhunjhunwala stock, increased by 0.8 per cent on Friday to close at Rs 69. In a month, the stock has gained more than 22 per cent. However, in the first eight months of 2022, the stock has been very volatile and shed approximately 3.5 per cent. In [...]
PNB to sell NPA account Apollo Distilleries & Breweries
State-owned Punjab National Bank (PNB) has put up for sale its NPA account Apollo Distilleries & Breweries with loan outstanding of nearly Rs 44 crore due against the company. Inviting asset reconstruction companies (ARCs) to put their bids for transferring the loan account of Apollo Distilleries & Breweries, the city-based lender said it will expedite [...]
Sequoia Capital reduces holding in Zomato
Venture capital firm Sequoia Capital has reduced its holding in Zomato Ltd to 4.4 per cent after selling shares in open market, according to a regulatory filing by the online food delivery platform. Sequoia Capital had held a 6.41 per cent stake in Zomato before the sale. In a regulatory intimation by Sequoia Capital filed [...]
Tata Group stock hits upper circuit of 10% after collaboration with Intelsat
The shares of Nelco Limited opened 9 per cent higher at Rs 845 on the last trading day of the week as against the previous close of Rs 778. In the early trading session, the stock was locked in an upper circuit of 10 per cent at Rs 856. The rally started after the Satellite [...]
Syrma SGS Technology shares debut with 19% premium
Syrma SGS Technology stock made its market debut with a 19 per cent premium on Friday against the issue price of Rs 220. The stock made its debut at Rs 262, a jump of 19.09 per cent from the issue price on the BSE. Later, it zoomed 33.18 per cent to Rs 293. At the [...]
HDFC Bank to acquire 9.94% stake in Go Digit Life Insurance
The country's largest private sector lender HDFC Bank on Thursday said it will pick up 9.94 per cent stake in Go Digit Life Insurance Ltd. HDFC Bank on August 24, 2022 has entered into an indicative and non-binding term sheet with Go Digit Life Insurance Limited, which summarises the principal terms of a proposed investment, [...]
Adani launches Rs 31,000 cr open offer for ACC, Ambuja Cements
Adani group on Friday launched its Rs 31,000-crore open offer to acquire 26 per cent additional stake from the public shareholders of Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements. In May this year, the Adani Group had announced that it had clinched a deal to acquire a controlling stake in [...]
BNP Paribas Arbitrage offloads PVR shares worth Rs 74 crore
BNP Paribas Arbitrage on Thursday offloaded 4.05 lakh shares of multiplex film exhibition company PVR Ltd for more than Rs 74 crore through an open market transaction. According to bulk deal data available with BSE, BNP Paribas Arbitrage sold 4,05,183 shares of the company. The shares were disposed of at an average price of Rs [...]
DreamFolks Services IPO receives 6 times subscription on Day 2 of offer
The Initial Public Offer (IPO) of airport service aggregator DreamFolks Services received 6.09 times subscription on the second day of the offer on Thursday. The IPO received bids for 5,77,86,948 shares against 94,83,302 shares on offer, according to data available with the NSE. The quota for Retail Individual Investors (RIIs) was subscribed 19.10 times, the [...]
Sensex snaps two day rising streak on fag end sell-off; IT, finance stocks weigh
Equity benchmarks capitulated in the last hour of trade on Thursday to break their two-session winning run, with IT, finance and bank stocks playing spoilsport amid expiry of monthly derivative contracts. A weakening rupee also weighed on sentiment, traders said. After remaining in the positive territory for most part of the session, the 30-share BSE [...]
Top Stock Picks: 5 Fundamentally strong stocks below ₹ 100
The trading session on Thursday remained volatile as the Bulls locked horns with the bears. The benchmark indices extended their move and ended in the green. The S&P BSE Sensex added 54 points or 0.9% to settle at 59,085 while the NSE Nifty 50 index jumped 27 points or 0.16% to close at 17,604. During [...]
Govt puts restrictions on export of wheat flour
The government on Thursday decided to put restrictions on the export of wheat flour to curb rising prices of the commodity. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi here. The decision of the Cabinet "will now allow to put a restriction [...]
Multibagger stock with 169% returns hits 52 week high today
The shares of ELGI Equipment surged more than 3% in the early trading hours of Thursday to reach a new 52-week high of Rs 491. The stock has surged by more than 12 percent in the last five days. In the span of a month, the stock has zoomed by more than 32 percent. A [...]
Bharti Telecom to buy 3.33% Airtel stake from Singtel for Rs 12,895 cr
Bharti Airtel promoter Bharti Telecom will buy a 3.33 per cent Airtel stake from Singtel for 2.25 billion Singapore dollars or about Rs 12,895 crore in 90 days' time, the telecom operator said on Thursday. Bharti Group chairman Sunil Bharti Mittal's family and Singtel are co-investors in Bharti Telecom (BTL). Singtel in a statement said [...]
NDTV shares gain 5%; hit upper circuit
Shares of NDTV Ltd continued to climb for the second consecutive day on Thursday and touched the upper circuit limit of Rs 407.60 on the National Stock Exchange amid the Adani group making an offer to take over the media firm. On NSE as well as BSE, the scrip jumped 5 per cent in opening [...]
Sebi approval required to acquire NDTV promoters stake in holding firm RRPR: Filing
Approval from market regulator Sebi is "necessary" for Adani group firm Vishvapradhan Commercial Private Ltd to acquire interests in NDTV's promoter entity RRPR Ltd against an unpaid loan, a regulator filing said on Thursday. The Securities and Exchange Board of India (Sebi) on November 27, 2020, restrained the founder-promoters Prannoy and Radhika Roy "from accessing [...]
Home Ministry, railways, banks get maximum corruption complaints in 2021: CVC’s annual report
The Union Home Ministry, railways and banks have got maximum number of corruption complaints against their employees last year, according to the Central Vigilance Commission (CVC) latest annual report, which was made public on Wednesday. Of the total of 1,09,214 complaints received against all category of officers/employees, a highest of 37,670 were against the Ministry [...]
Multibagger Telecom Stock jumps 152% in 13 days to reach its all time high
The shares of Advait Infratech Limited were trading at a fresh 52-week high of ₹474.30. They are currently locked at an upper circuit of 4.99%. Advait Infratech Limited operates in various verticals such as turnkey telecommunication projects, installation of power transmission, substation and telecom products, liasioning – marketing and providing end-to-end solutions to the customers. [...]
FII turn net buyers after dumping $27 billion worth of equities over the last 6 months
The first half of the year 2022 saw a massive sell-off by Foreign investors. Instances when American PE firm KKR sold its entire 27% holding in Max Healthcare for ₹9,185 crores and Uber sold its entire 7.78% stake in Zomato for ₹3,088 crores showcased the loss of their interest in Indian markets. However, after months, [...]
Adani group stocks end on mixed note
Adani group stocks ended on a mixed note on Wednesday, a day when the broader market also depicted a volatile trend. Shares of Adani Enterprises jumped 3.74 per cent, Adani Transmission advanced 2.97 per cent, and Adani Ports and Special Economic Zone gained 0.40 per cent on the BSE. On the other hand, Adani Power [...]
Banking sector at enormous risk of asset-liability mismatch: Pronab Sen
India's banking sector is faced with the predicament of a "massive asset-liability mismatch" that could explode anytime, adding that there is a need to reassess laws governing the industry, renowned economist Pronab Sen said. Sen said "that explosion" has not yet happened as most of the banks are in the public sector. Explaining the situation, [...]
5 Smallcap stocks that hit upper circuit of 20% today
Indian shares were flat in choppy trading on Wednesday as the markets experienced volatility. The BSE Sensex ended 54 points or 0.09% higher to close at 59,085 while the NSE Nifty jumped by 27 points or 0.16% higher at 17,604. Amid the volatility, here are some stocks which have spiked by 20 per cent on [...]
TVS to acquire 48% stake in Narain Karthikeyan two-wheeler startup DriveX
TVS Motor Company on Wednesday said it will acquire 48 per cent stake in Narain Karthikeyan’s pre-owned two-wheeler startup 'DriveX' for a consideration of Rs 85 crore. The company said it will acquire 48.27 per cent stake in NKars Mobility Millennial Solutions Pvt Ltd (NMMSPL), which operates under the brand ‘DriveX’, through primary and secondary [...]
RK Damani smallcap stock jumps 75% in 2 months; ICICI securities sees further upside
Astra Microwave Products Ltd, part of the aerospace and defence sector shot up more than 75% in the past two months and has doubled investors’ money in one year by giving multibagger returns. Ace Investor Radhakishan Damani holds 896,387 shares in the company which is equal to a 1% stake. The value of these shares [...]
Will Adani Group try to hostile takeover this multibagger company?
Adani enterprise has made a move to acquire a controlling stake in the oldest news network NDTV Ltd in a hostel takeover. The announcement came on the same day when CreditSights, a Fitch Group unit, said that the Adani group is ‘Deeply Overleveraged’ and might spiral into a ‘massive debt trap’. The hostile takeover involves [...]
Stocks to BUY: 3 Blue chip stocks which have huge upside potential
Blue chip companies are those companies that are well-established, stable and recognized. Investors consider investments in these companies to be stable and reliable. These companies usually sell high-quality, widely accepted products and services and are known to operate profitably in the face of adverse economic conditions. Here are three blue chip companies in which brokerages [...]
IT dept issues prosecution notice to Anil Ambani for holding secret funds in 2 Swiss bank accounts
The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts. The department has charged Ambani, 63, with "wilful" evasion, saying he "intentionally" did not [...]
ICICI Securities sees a 29% upside in this jewellery stock ahead of festive season
The jewellery sector is shining bright as the sales have picked up after the pandemic and as the festive season is nearing. Analysts believe that a re-rating is on the cards as gold prices soften. Kalyan Jewellers India Ltd posted strong earnings for the March to June quarter. The company saw robust momentum in both [...]
P&G Hygiene and Health Q4 Results: Profit after tax dips 13.12% to Rs 42.55 cr
FMCG products maker Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported a 13.12 per cent decline in Profit After Tax (PAT) at Rs 42.55 crore during the fourth quarter ended June 30, on account of rising commodity costs. The company, which follows July-June financial year, had reported a PAT of Rs 48.98 [...]
Pharma industry expects to report 7% to 9% revenue growth in FY23
Domestic pharma industry is expected to report moderate revenue growth of 7-9 per cent in the current fiscal, due to headwinds in export sales in the regulated markets and high-base effect in the domestic formulations business, as per rating agency CRISIL. Operating profitability will shrink another 200-250 basis points (bps) after the 130 bps decline [...]
SpiceJet scouting for funds from airlines, external parties; plans to add 7 planes by Dec end: Ajay Singh
SpiceJet is looking for investments from external parties, including airlines, and also plans to add seven more Boeing planes to its fleet, the carrier's chief Ajay Singh said on Tuesday. In recent times, SpiceJet has faced turbulence -- especially with many of its flights suffering technical snags -- and subsequently, the airline has faced actions [...]
NSE cautions investors against assured return products
The National Stock Exchange (NSE) on Tuesday warned investors not to fall prey to investment plans with guaranteed returns offered by entities Real Trader and Groww Stock. The exchange pointed out that these entities are not registered either as a member or authorised person of any registered member of the NSE. The cautionary statement comes [...]
Govt plans to auction 17 non operational mines surrendered by PSUs
The government plans to put on auction 17 mines surrendered by public sector undertakings which could not put the blocks into operation, Coal and Mines Minister Pralhad Joshi said on Tuesday. The statement comes in the wake of the government making efforts to ramp up domestic coal production to ensure adequate availability of dry fuel [...]
Multibagger stock with more than 600% returns is coming up with a stock split next week
A year ago the shares of Alfavision Overseas India were trading at Rs 38 a piece on BSE From there it has spiked up to the current levels of Rs 278 thereby delivering a multibagger return of 619 per cent. In the last five days, the stock has added more than 13 per cent and [...]
Adani Group stocks down as reports suggest it can spiral into a Massive Debt Trap
The Indian benchmarks opened on a negative note on Tuesday. The Sensex was down 361.86 points or 0.62% and opened at 58412.01, and the Nifty was down 114.70 points or 0.66% to open at 17376. The bears also crippled the Adani group stocks as all the seven listed companies under the group were trading in [...]
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