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 [...]
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 ₹ [...]
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 [...]
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'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 [...]
The shares of SML Isuzu Limited declined by 2.2 per cent and closed at Rs 784 in Friday's trading session. In the past five days, the stock has gained more than 3 per cent and in a month it has jumped by approximately 15 per cent. The stock reached its 52-week high of Rs 848.90 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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). [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at Rs 10 or above, according to an official source. Vodafone Idea (VIL) board has offered a stake to the government at a par value of Rs 10 per share. "There is a SEBI norm that the [...]
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 [...]
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 [...]
