Fortnightly FII data for January 16, 2023, to January 31, 2023, showed that FIIs were on a selling spree. They sold investments and relocated them from India to other markets that were cheaper. Their top sells in the second fortnight of January were Financial Services (₹ 8,503 crores), Oil, gas & Consumable Fuels (₹ 4,772 [...]
Brokerage firm HDFC Securities recently recommended 21 stocks for a medium/long-term systematic investment plan (SIP). The brokerage believes that the thrust toward manufacturing-led growth in India will result in a virtuous cycle of productive growth of investment - job creation - income - saving - investment. It believes that India could be one of the [...]
The Domestic indices ended Thursday’s session marginally lower. The NSE Nifty 50 fell 43.05 points or 0.25% to end at 17,511.25 and BSE Sensex plunged 139.18 points or 0.23% to close at 59,605.80. Despite a weak market condition, here are 4 stocks that gained up to 20% on Thursday’s trading session: Sandur Manganese and Iron [...]
The shares of Usha Martin Limited opened at Rs 167.75 levels and gained as much as 9 percent in the early hours to climb up to an intraday high of Rs 209 on Thursday’s session. The stock became one of the favourite picks of analysts in the Tamilnadu Investors’ Association (TIA) summit that was held [...]
Sonata Software Limited, an Indian information technology services company, saw its shares gain more than 5 percent till the afternoon on Thursday and were trading at Rs 725 levels. The scrip remained in focus after its wholly owned subsidiary Sonata Software North America Inc signed a definitive agreement to purchase Quant Systems Inc., a Texas-based [...]
With a market capitalization of ₹ 1028.50 crores, Rhetan TMT is a small-cap company engaged in the manufacturing of TMT Bars and round bars, which are primarily used in the construction of dams, bridges, residential and commercial towers, and major infrastructure projects in Gujarat. The company’s board had announced a sub-division/split of its equity shares [...]
Merger-bound Zee Entertainment’s share price tanked 14.44% after the company the National Company Law Tribunal (NCLT) on Wednesday admitted an insolvency petition filed against the company. This move has likely put the merger on standstill. The media major’s share price reached a 52-week low of 176.55 apiece on Thursday’s early trades. Its shares were trading [...]
The Domestic indices suffered huge losses on Wednesday dragging the Nifty 50 below 17,560 and Sensex below 59,750. On Thursday, the benchmark opened flat. The NSE Nifty 50 fell 7.25 points or 0.04% to 17,547.05 and BSE Sensex dipped 21.03 points or 0.04% to 59,723.95. As markets face turmoil, here are 3 fundamentally sound stocks [...]
Lemon Tree Hotels on Tuesday announced that it had signed a Franchise Agreement for a 34-room property in Manali, Himachal Pradesh, under its brand “Lemon Tree Hotel”. This hotel is expected to be operational by June 2023. The hospitality company’s share price has increased by 48.74 percent in the past year. Its shares were trading [...]
The Indian government on Tuesday said that India will provide an additional two million tonnes of wheat to bulk consumers such as flour millers, in order to lower prices which jumped to a record high last month. This allocation will be over and above the allocation of 3 million tonnes announced last month and it [...]
