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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 [...]

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 [...]

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 ₹ [...]

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 [...]

Markets continue to remain weak tracking bearish global trends

Equity indices began the trade on a weak note, falling for the third day running on Friday, amid an overall bearish trend in global markets. The 30-share BSE Sensex declined 319.3 points to 58,800.42 in initial trade. The NSE Nifty fell by 90.8 points to 17,539. Among the 30-share Sensex pack, Power Grid, IndusInd Bank, [...]

Markets settle higher for 2nd day; Nifty jumps over 1 %

Equity indices ended higher for the second straight session on Tuesday, with the Nifty rallying over 1 per cent, helped by across-the-board buying and recovery in the US and Asian markets. Foreign fund inflows also added to the momentum. The 30-share BSE Sensex climbed 578.51 points or 0.98 per cent to settle at 59,719.74. During [...]

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 [...]

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SC stays further proceedings before high courts on pleas involving challenge to IT Rules or Cable TV Networks (Amendment) Rules.PTI ABA ABA RKS RKS

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Cooking gas (LPG) price hiked by Rs 50 per cylinder; to cost Rs 999.50 in Delhi. PTI ANZ MR MR

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Reliance Industries reports 22.5 pc rise in Q4 net profit; becomes 1st Indian company to hit $100 bn revenue in a year. PTI ANZ ABM ABM ABM

IPO Alert

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 [...]

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 [...]

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 [...]

Syrma SGS Tech IPO subscribed 32.61 times on final day

The Initial Public Offer (IPO) of Syrma SGS Technology was subscribed 32.61 times on the final day on Thursday. The Rs 840 crore-IPO received bids for 93,14,84,536 shares against 2,85,63,816 shares on offer, according to NSE data. The category for Qualified Institutional Buyers (QIBs) received 87.56 times subscription, non institutional investors was subscribed 17.50 times [...]

Vikram Solar gets Sebi nod to mop up funds via IPO

Vikram Solar has received capital markets regulator Sebi's go ahead to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of up to Rs 1,500 crore and an Offer-for-Sale (OFS) of up to 50 lakh equity shares by the selling shareholders. Vikram Solar, which filed preliminary IPO papers with [...]

Rare Enterprises backed Concord Biotech files IPO papers with Sebi

Rare Enterprises-backed Concord Biotech has filed draft papers with capital markets regulator Sebi to mop up funds through an initial public offering (IPO). The IPO is entirely an offer for sale of (OFS) of 2,09,25,652 equity shares by Helix Investment Holdings Pte Limited, which is backed by private equity firm Quadria Capital, according to the [...]

Top Editor’s Pick

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 [...]

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 [...]

2 Multibagger stocks bought by FIIs recently; Do you own any?

As per market data, foreign investors own about 18-20 per cent of the Indian stock market. Among them, the Foreign Institutional Investors (FIIs) are tracked the most to get a consensus about the sentiments of the foreign investors.  Amid the ongoing volatility in the market here are two multibagger stocks bought by foreign firms:  Deepak [...]

₹ 1 Lakh to ₹ 3.7 Cr: Multibagger stock delivers more than 37,000% returns in long term

The shares of Polyplex Corporation Ltd have delivered 37,374 per cent returns as they have zoomed from Rs 6 to the current levels of Rs 2,053 a piece in twenty-two years. This shows the power of compounding which can be achieved by long-term investments.  If an investor would have invested Rs 1 lakh in the [...]

Stocks to Watch: 8 Stocks to BUY for an upside of up to 58%

Benchmark indices reversed last week's gains as the markets saw a heavy sell-off on the last trading day of the week. The BSE Sensex declined 1,093.22 points or 1.82 per cent to end at 58,840.79. The broader Nifty50 ended 346.60 points lower at 17,530.80.  Amid a volatile market, here are some stocks recommended by the [...]
7
Sep 24, 2022

4 Microcap Multibagger stocks locked in an upper circuit

Editor's Pick, News

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 [...]

Sep 24, 2022
7
Sep 20, 2022

2 Multibagger stocks bought by FIIs recently; Do you own any?

Editor's Pick, News

As per market data, foreign investors own about 18-20 per cent of the Indian stock market. Among them, the Foreign Institutional Investors (FIIs) are tracked the most to get a consensus about the sentiments of the foreign investors.  Amid the ongoing volatility in the market here are two multibagger stocks bought by foreign firms:  Deepak [...]

Sep 20, 2022
7
Sep 18, 2022

Stocks to Watch: 8 Stocks to BUY for an upside of up to 58%

Editor's Pick, News

Benchmark indices reversed last week's gains as the markets saw a heavy sell-off on the last trading day of the week. The BSE Sensex declined 1,093.22 points or 1.82 per cent to end at 58,840.79. The broader Nifty50 ended 346.60 points lower at 17,530.80.  Amid a volatile market, here are some stocks recommended by the [...]

Sep 18, 2022

Latest Market News

No shortage of fertilisers in the country, says Mandaviya

Union Chemicals and Fertilisers Minister Mansukh Mandaviya on Tuesday said there is no shortage of crop nutrients in the country and asserted that there will be no hike in the prices of non-urea products. The minister also said that Nutrient Based Policy (NBS) for Phosphatic and Potassic (P&K) fertilisers for the Rabi season (October 2022 [...]

Stocks to Watch: 4 Smallcap Multibagger stocks with Low debt to add to your watchlist

A debt is any financial obligation that the company has to repay within a specified time period. For extending the capital, the creditor generally charges an additional sum of money which is known as interest. The debt is seen as a risk factor as the non-payment can also lead to bankruptcy of the company.  Therefore, [...]

Indian job market outlook strong for Oct-Dec; 54% companies plan to hire

India's hiring outlook remains strong with 54 per cent of companies planning to hire in next three months amid predictions of growth opportunities for developing countries in the wake of ongoing geopolitical conflicts, says a survey. According to the ManpowerGroup Employment Outlook Survey released on Tuesday, the labour market is indicating strong sentiments for October-December [...]

Coal India shares rise nearly 2%

Shares of Coal India rose nearly 2 per cent in the morning trade on Tuesday as the government is set to auction 10 coal blocks under commercial coal mining this week. Shares of Coal India opened at Rs 233, then gained 1.64 per cent to Rs 235.30 apiece on BSE. On NSE, the scrip opened [...]

Vedanta, Foxconn sign MoU with Gujarat govt to set up semiconductor unit in state

Indian conglomerate Vedanta and electronics manufacturing giant Foxconn signed a Memorandum of Understanding with the Gujarat government on Tuesday to set up a semiconductor and display FAB manufacturing unit in the state. The MoU was signed in the presence of Minister for Railways, Communications, Electronics & Information Technology, Ashwini Vaishnaw, at a function held in [...]

Abrdn to sell 4.3 cr HDFC Life shares to raise up to Rs 2,425 cr in block deal

UK-based investment company Abrdn is planning to sell up to 4.3 crore sales representing 2 per cent of HDFC Life Insurance Company's outstanding shares through a block deal to raise over Rs 2,425 crore, according to merchant banking sources. The Edinburgh-based company, which was formerly known as Standard Life Aberdeen, has offered the shares in [...]

Stocks that will trade Ex bonus this week: Are you holding any?

The issue of bonus shares is a corporate action in which additional shares are given to eligible shareholders without any additional cost, based upon the number of shares that a shareholder owns.  A bonus issue usually happens when the share price of the company is too high, to increase the liquidity of its shares, or [...]

Multibagger stock hits upper circuit of 20% and reaches all time high

Starlineps Enterprises Limited’s shares surged 19.97 percent on Monday’s early trades to reach a fresh all-time high of ₹ 124.65 apiece on the Bombay Stock Exchange (BSE). The wholesale B2B company is engaged in the business of precious stones and jewellery.  The company’s shares were trading at ₹ 122.35 apiece at 12:18 PM on Monday. [...]

Reliance Industries gains 1% on Shubhalakshmi Polyesters acquisition

Shares of Reliance Industries gained nearly 1 per cent in morning trade on Monday after the company announced the acquisition of polyester chips and yarn manufacturer Shubhalakshmi Polyesters Ltd for Rs 1,592 crore. On September 10, Reliance Industries said the acquisition is part of the strategy to expand its downstream polyester business. Shares of the [...]

Shares of Mahindra Lifespace Developers jump over 2%; touch 52-week high on bourses

Shares of Mahindra Lifespace Developers touched its 52-week high in the morning trade on Monday after the realty firm said it is looking to acquire a few land parcels this fiscal to build housing projects. Shares of the company opened at Rs 541.95 on Monday, then gained 2.37 per cent to touch Rs 550.40, its [...]

Weekly Recap: 10 crore Demat accounts, Gov to acquire stake in Vodafone and More!

After a flat start on Monday, headline indices BSE Sensex and NSE Nifty 50 gained 361 points (0.61%) and 103 points (0.59%) respectively. The thirty-share index was at 59164 points while the fifty-share index was at 17642 points.  On Friday, the benchmark indices extended gains, led by IT shares. However, losses in oil & gas [...]

4 Midcap growth stocks that have huge potential; Do you own any?

Growth stocks are the stocks of those companies that demonstrate a high potential for development. When investors purchase these shares, it can lead to massive wealth accumulation for them. They usually provide better returns than the prevailing rate of inflation. When these stocks have a market capitalization of anywhere between ₹ 5,000 crores to ₹ [...]

Brokerages see more than 45% upside in this stock; Are you holding it?

The shares of Zomato Limited were trading 2.2 per cent higher till the afternoon on Friday at Rs 62.75 levels. In the past month, the stock has been volatile and gained more than 12 per cent. In the past six months, the stock has shed more than 21 per cent of its value. On a [...]

Markets to take cues from macro data, global trends: Analysts

Trading in the domestic equity market this week will be largely driven by a host of macroeconomic data announcements and global trends, analysts said. Industrial production data for July and inflation rate for August are scheduled to be announced on Monday. Besides, wholesale price index (WPI) inflation data will be released on Wednesday. "The direction [...]

Adani Group open offer for ACC, Ambuja Cements gets lukewarm response from investors

Adani Group's Rs 31,000-crore open offer to acquire 26 per cent additional stakes in Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements closed on Friday amid lacklustre response from public shareholders. According to the latest regulatory filing by ACC Ltd, till 6.40 pm on Friday, around 40.51 lakh equity shares were [...]

Reliance acquires Shubhalakshmi Polyesters for Rs 1,592 crore

Billionaire Mukesh Ambani's Reliance Industries Ltd has acquired polyester chips and yarn manufacturer Shubhalakshmi Polyesters Ltd for Rs 1,592 crore, the company said in a stock exchange filing. "Reliance Petroleum Retail Ltd (under name change to 'Reliance Polyester Ltd'), a wholly owned subsidiary of the company, today executed definitive documents to acquire polyester business of [...]

Crypto fraud: Man held for duping Meerut bizman of Rs 1.84 crore

The Cyber Crime wing of Uttar Pradesh Police on Friday said it has arrested one person in connection with a Rs 1.84-crore cryptocurrency fraud. The Mumbai-based accused was arrested by officers of the Cyber Crime police station, Noida, for allegedly duping a Meerut-based businessman on the pretext of investment in cryptocurrency. During the probe, it [...]

Stock to BUY: Bluechip Auto stock with upside potential of more than 25%

Automobile major Maruti Suzuki will consider the SUV segment as a key area to lift its overall market share in the country. The company’s overall market share is under 45% currently and the target is to lift it to 50%.  Shashank Srivastava, Senior Executive Director, Maruti Suzuki said that in the non-SUV segment, the company [...]

SpiceJet appoints Ashish Kumar as CFO

Budget carrier SpiceJet on Friday said it has appointed Ashish Kumar as its Chief Financial Officer. Kumar's appointment for the post is effective from September 9, SpiceJet said in a statement. Kumar succeeds Sanjeev Taneja, who quit the struggling carrier on August 31. Before joining the Gurugram-based low-cost airline, Kumar was serving as vice president [...]

PSU stock jumps 10% in 2 days after a demerger; might declare dividend 

Bharat Earth Movers Limited (BEML) is hiving off its land assets business from its core business. This will help it to specify the real value of its core business and fixed assets separately, in order to fast-track privatization.  The state-run player’s shares are currently locked at ₹ 1614.05 apiece on the National Stock Exchange (NSE). [...]

Multibagger Dolly Khanna stock hits upper circuit; Up 245% this year

Dolly Khanna Portfolio: The shares of Tinna Rubber and Infrastructure Ltd opened at a 5 per cent upper circuit at ₹ 633.70 apiece on Friday. They were locked at a 5 per cent upper circuit on Thursday as well.  Tyre stocks have vroomed and are in the limelight. The sector’s improved pricing power is said [...]

Tech company approves share buyback at 39% premium; Do you own it?

The shares of Tanla Platforms Limited opened at Rs 868.95 on the last trading session for the week as against the previous close of Rs 834 and was locked at an upper circuit. In the last five days, the stock has gained more than 16 percent.  The stocks have started ralling as the board of [...]

India bans export of broken rice

After imposing 20 per cent export duty on non-basmati rice, the government has banned the export of broken rice with an aim to increase domestic availability, according to a government notification "Export Policy of broken rice ...is amended from ‘Free’ to ‘Prohibited’," the Directorate General of Foreign Trade (DGFT) said in a notification dated September [...]

Rakesh Gangwal, wife sell 2.74% stake in InterGlobe Aviation for Rs 2,005 cr

IndiGo Airlines co-promoter Rakesh Gangwal and his wife on Thursday divested 2.74 per cent stake in the parent company InterGlobe Aviation for Rs 2,005 crore through open market transactions. Gangwal had resigned from the board of directors of the company in February 2022, stating that he will gradually reduce his equity stake over the next [...]

Mcap of BSE listed firms at all time high of Rs 282.66 lakh cr

The market capitalisation of BSE-listed firms reached an all-time high of Rs 282.66 lakh crore on Thursday, helped by a rebound in equities. The 30-share BSE Sensex climbed 659.31 points or 1.12 per cent to settle at 59,688.22 after falling in the previous two trading days. The bounce back in equities, helped the market capitalisation [...]

Import of Russian oil at discounted price part of inflation management: FM

Finance Minister Nirmala Sitharaman on Thursday said India has ramped up the import of crude oil from Russia at discounted prices amid sanctions on Moscow as part of the country's inflation management. "In a situation where global prices were going beyond anyone's affordability, at that stage to take a very strong political decision, I respect [...]

Porinju Veliyath increases his stake by 2.12% in this smallcap multibagger stock

The shares of Duroply Industries Limited opened at Rs 182.50 as against its previous close of Rs 173.85 and got locked in the upper circuit of 5 per cent on Thursday's trading session. In the past month, the stock has gained more than 11 per cent. So far this year the stock has gained approximately [...]

Stock tanks after co founder sells 2.8% of his stake in this airline company

The shares of Interglobe Aviation Limited (IndiGo) opened at Rs 1,959 on NSE and declined by 2.3 percent to reach an intraday low of Rs 1,914 on Thursday.  The scrip declined in the early hours of Thursday as about 10.8 million shares were listed for sale for Rs 1,996 crore via a Block deal, according [...]

Government plans disinvestment in this PSU Stock; Will Adani buy it?

Liberalising the land leasing policy, the Union Cabinet on Wednesday slashed the railways’ land licensing fee for certain usages to 1.5% from 6% earlier. Moreover, the lease period has also been extended to up to 35 years from the current five years. This development is believed to be in line with NITI Aayog's recommendation to [...]

Electric Equipment stock jumps 14% as company plans to enhance production capacity

The shares of Schneider Electric Infrastructure Limited opened at Rs 145.75 on NSE and spiked by approximately 14 percent to reach its new 52-week high of Rs 165 in the early trading hours on Thursday.  Schneider Electric Infrastructure Limited is engaged in the business of manufacturing, designing, building, and servicing technologically advanced products which include [...]

Automobile retail sales in India rise 8.31% in August: FADA

Retail sales of automobiles in India grew 8.31 per cent in August this year on the back of increase in registrations of vehicles across all major segments, automobile dealers' body FADA said on Thursday. As per data released by the Federation of Automobile Dealers Associations (FADA), total vehicle retail sales in the country stood at [...]

Standard Chartered sells CG Power shares worth Rs 298 cr

Standard Chartered Bank (Singapore) Ltd offloaded 1.38 crore shares of CG Power and Industrial Solutions shares for Rs 298 crore on Wednesday through an open market transaction. According to block deal data available with BSE, Standard Chartered Bank (Singapore) Ltd sold 1,38,45,000 shares in six tranches, amounting to a 0.91 per cent stake in the [...]

Domestic airline industry expected to report Rs 15,000-17,000 loss in FY23: Report

Domestic airlines industry is expected to report a net loss of around Rs 15,000-17,000 crore this fiscal on account of elevated price of Aviation Turbine Fuel (ATF) and a weak rupee, a report said on Wednesday. The losses for the industry in the previous fiscal were estimated at around Rs 23,000 crore, credit ratings agency [...]

Stocks to BUY: 7 Stocks that can deliver returns of upto 60%

The Indian benchmark indices recouped opening losses in noon trade on Wednesday but ended in the negative zone amid dull global cues. The S&P BSE Sensex closed at 59,029, down 168 points or 0.28%, while the Nifty50 ended 31 points or 0.18% down at 17,624.  Amid the volatile markets, here are some stocks that are [...]

Sensex, Nifty settle lower amid weak global markets

Benchmark BSE Sensex and Nifty ended lower on Wednesday, dragged down by losses in banking stocks amid weak global market trends. The 30-share Sensex declined by 168.08 points or 0.28 per cent to settle at 59,028.91. During the day, it fell 474.1 points or 0.80 per cent to 58,722.89. The broader NSE Nifty dipped 31.20 [...]

Can Vodafone Idea turnaround by reducing its debt?

Telecommunications Provider Vodafone Idea’s shares zoomed 8.74% on Wednesday's intraday trades on the back of heavy volumes, in an otherwise weak market. The share price of the company reached an intraday high of ₹ 9.95 apiece and had closed at ₹ 9.15 on Tuesday.  The company’s shares were trading at their highest level since May [...]

Adani to build 3 giga factories as part of USD 70 bn green investment

Asia's richest man Gautam Adani on Wednesday said his ports-to-power conglomerate will build three giga factories for manufacturing solar modules, wind turbines, and hydrogen electrolyzers as part of a USD 70 billion investment in clean energy by 2030. Adani group is stepping up investments across the green energy value chain as it aims to become [...]

Cement Stock jumps to all time high as Adani Group offer opens soon

The shares of Ambuja Cements Limited opened at Rs 439 on Wednesday and climbed up by approximately 4 percent to reach its new all-time high of Rs 457.50. The stock surpassed its previous all-time high of Rs 442.95 which it reached in September 2021.  The stocks made a new high ahead of the closure of [...]

Multibagger stock sets record date as 9th Sep for stock split

The shares of Banswara Syntex Limited opened at Rs 235 on Wednesday. In the past five days, the stock has shed 1.2 per cent. So far this year, the stock has been volatile and gained approximately 1.3 per cent.  In September 2020, the stock was trading at Rs 69.90 a piece on NSE. From there [...]

Tata Group stock gets a BUY call with a potential upside of more than 40%

Tata Motors is investing up to ₹ 4,000 crores in the next two years to revamp and rationalise its product portfolio and introduce cleaner powertrains. It seeks to meet future emission norms of the industry that appear to be on course to scaling a fresh peak in sales volumes.  The brokerage remains convinced of JLR [...]

Adani group says not overleaveraged, loans from public sector banks halved

Richest Indian Gautam Adani's conglomerate has cited an improved net debt to operating profit ratio and more than halving of loans from public sector banks to allay concerns about it being overleveraged. In a 15-page note in response to CreditSights report calling the group overleveraged, it said companies in the group have consistently de-levered, with [...]

Markets settle modestly lower in volatile trade

The Sensex and Nifty closed modestly lower on Tuesday after investors offloaded FMCG, IT and banking stocks in the last hour of trade amid mixed global cues. The selling pressure emerged towards the fag-end of the session. After rising over 320 points in intra-day trade, the 30-share BSE Sensex pared all gains to settle 48.99 [...]

Vijay Kedia FMCG Stock hits 52 week high; Jumps 45% in 5 days

The shares of Lykis Limited opened at Rs 53 on Tuesday and climbed 3.7 per cent to reach its new 52-week high of Rs 55.10. The stock has zoomed by more than 45 per cent in the past five days.  Ace investor Vijay Kedia holds 18,07,911 shares which makes up a 9.33 per cent stake [...]

Can Kotak Bank and Federal Bank Merge? Here’s what analysts say

The shares of Federal Bank Limited witnessed a sharp surge of 8.53 per cent on Monday's early trades and clocked a fresh 52- week high of ₹ 129.75 apiece. This happened after media reports regarding the bank’s merger with Kotak Bank surfaced. The private sector lender, Federal Bank, said that the media reports about the [...]

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 [...]

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 [...]

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 [...]

Steel prices in India to remain under pressure over near future: Icra

Icra on Friday said it expects steel prices to remain under pressure in the country over the near future as the prices in the domestic market cannot be cushioned from the global trends. The rating agency also expects the steel demand in the domestic market to grow at 7-8 per cent in the current financial [...]

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 [...]

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 [...]

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 [...]

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. [...]

Housing prices rise in 42 cities in Q1 of FY23: NHB

Housing prices rose in 42 cities in the first quarter of 2022-23, while the rates of residential units fell in five cities and remained stable in three cities, according to the price index Residex released by NHB. All the eight major metros recorded an increase in the index on an annual basis -- Ahmedabad (13.5 [...]

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 [...]

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 [...]

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