Target: ₹3,100 CMP: ₹2,677.90 Doms Industries has reported another strong quarter amid a slowdown in the broader consumption space. Its Q2-FY25 revenue/EBITDA/PAT growth at 20/32/43
Category: Cryptocurrency
Sensex, Nifty drop 1% on sustained foreign fund outflows, weak global trends
Equity benchmark indices Sensex and Nifty slumped 1 per cent each on Tuesday due to widespread selling pressure amid uninterrupted foreign fund outflows and sluggish
Qualified brokers to provide clients UPI block or 3-in-1 trading account from February 1
SEBI has asked qualified stock brokers (QSBs) to provide their clients trading supported by blocked amount in the cash segment using the UPI block mechanism
Broker’s call: Ashok Leyland (Buy)
Target: ₹290 CMP: ₹224.24 Surpassing our ₹920 crore estimate on the better-than-expected gross margin, Ashok Leyland’s Q2 EBITDA slipped 6 per cent y-o-y to ₹1,020 crore.
Swiggy IPO oversubscribed by 3.59x led by QIBs, employees
Food delivery and grocery major Swiggy’s initial public offering has been oversubscribed by 3.59 times after a tepid response in the first two days.
Broker’s call: Aadhar Housing (Buy)
Target: ₹600 CMP: ₹459.15 Aadhar Housing Finance (Aadhar) delivered a strong quarter with a PAT beat of 9 per cent JMFe at ₹230 crore (+15
Broker’s call: Aptus Value Housing Fin (Buy)
Target: ₹430 CMP: ₹338.15 Aptus Value Housing Finance reported earnings of ₹180 crore (in line with our estimates), up 23 per cent y-o-y and 6
FPIs sell ₹19,994 crore in Indian equities in 6 trading sessions
Foreign Portfolio Investors (FPIs) continued their selling in the Indian equity markets, recording net outflows of ₹19,994 crore in just the six trading sessions so
Specified Digital Platform: Concept lacks clarity
The new breed of un-registered ‘finfluencers’ indulging in malpractices such as paid promotion, front-running, duping investors through fancy products have been on the rise. Through
Sensex dips 55 points; Nifty closes below key support amid sectoral divergence
In a day of mixed trading, the Sensex and Nifty closed lower on Friday. The Nifty 50 index declined 51.15 points, or 0.21 per cent,
Revisiting SEBI Chairperson selection: M Damodaran advocates for enhanced autonomy
M Damodaran, Chairperson of Excellence Enablers and Former Chairman of SEBI, has made a case for revisiting the r selection and appointment process for persons
Stocks tumble after initial gains as investors eye US Fed announcement
The Indian equity markets failed to sustain their early gains on Thursday, with the Sensex and Nifty 50 closing lower amid volatility and mixed global
Promoters and PE investors ramp up sell-downs in Indian stocks, doubling deal value to $67 billion in 2024
The relentless selling by foreign portfolio investors in Indian equities has not deterred promoters, private equity investors and other investors from monetising their stakes in
Nifty, Sensex surge over 1% as Trump lead sparks IT rally
Indian equity benchmarks closed sharply higher on Wednesday, with the Sensex breaching the 80,000 mark and Nifty approaching 24,500, driven by strong performance in IT
IPO filings surge in 2024, fuelled by domestic liquidity, stable macros
The number of filings for initial public offerings (IPOs) this year has touched a record, surpassing the previous high set three years ago. Total filings
Embassy REIT units fall as Maiya steps down as CEO
Unit price of Embassy Office Parks REIT fell over 2.7 per cent during the day after Aravind Maiya stepped down as its Chief Executive Officer,
SEBI directs Embassy REIT to suspend interim CEO Aravind Maiya
The Securities and Exchange Board of India (SEBI) has passed an interim order directing the suspension of Aravind Maiya, from acting as the chief executive
Cipla stock rises nearly 2% after USFDA grants VAI status to Goa plant
Shares of Cipla gained nearly 2 per cent on Monday, following the United States Food and Drug Administration (USFDA) classifying its Goa facility as “Voluntary
Mcap of 6 of top-10 most valued firms jump ₹1 lakh crore; State Bank, ICICI Bank top gainers
The combined market valuation of 6 of the top-10 most-valued firms surged ₹1,07,366.05 crore last week, with State Bank of India and ICICI Bank becoming
US presidential election, Fed interest rate decision, FIIs trading key market movers this week: Analysts
The November 5 US presidential elections, Federal Reserve interest rate decision, trading activity of foreign investors, and the upcoming quarterly earnings from domestic firms are
Technical Analysis: Infibeam Avenues, HFCL, Oil India, NGL Fine-Chem
I have shares of Infibeam Avenues. My purchase price is ₹42. Should I continue to hold or exit with loss? Rahul Infibeam Avenues (₹29.25): The
Concern over rise in valuations as 34 Nifty companies report muted profit growth in Q2
The lingering concern on market valuations has aggravated with 34 Nifty companies reporting flat net profit, while their sales have grown 5 per cent, with
Sensex settles 335 points higher at 79,724 in Muhurat trading
The benchmark Sensex rose by 335.06 points, or 0.42 per cent, to settle at 79,724.12 in a special Muhurat trading session on Friday, starting the
Realty sector rises 63%, outshining Nifty50; more firms eye IPOs
Real estate has been one of the best performing sectors and over the last one-year period it has given absolute returns of over 63 per
Sensex, Nifty end lower as IT stocks lead market decline
Indian equity benchmarks closed lower on Thursday, dragged down by heavy selling in technology stocks, with the BSE Sensex falling 553.12 points and the NSE
Yatharth Hospitals expands Delhi-NCR presence with two strategic acquisitions
The shares of Yatharth Hospital and Trauma Care Services Ltd were trading at ₹661.80 down by ₹9.20 or 1.37 per cent on the NSE today
SEBI to cut draft SID display on its website to 5 days
Capital market regulator SEBI has proposed to stop uploading scheme information documents (SIDs) on NFOs on its website in draft format and make it public
Sensex, Nifty weighed down by selling in banking, financial stocks, weak global trends
Benchmark equity indices Sensex and Nifty declined on Wednesday, dragged down by banking and financial stocks amid weak trends in global markets. Besides, weak earnings
Elcid Investments becomes country’s most expensive stock after special auction
Shares of Elcid Investments, an investment company, rose a staggering 6.7 million per cent on Tuesday to ₹2,36,250 apiece, surpassing MRF as the highest-priced stock
Federal Bank shares gain after robust Q2 results
Federal Bank shares rose over 7 per cent after the private lender reported an 11 per cent y-o-y increase in net profit for the quarter
Broker’s call: ICICI Bank (Buy)
Target: ₹1,500 CMP: ₹1,292.65 ICICI Bank has reported six glorious years of performance since Sandeep Bakhshi took charge as MD & CEO on October 15,
Stock markets snap 5-day losing run on buying in ICICI bank, DII push
Stock markets snapped the five-day losing streak on Monday with the benchmark Sensex rebounding 602 points on buying in ICICI Bank, firm global trends and
Brokerages remain bullish on IndusInd Bank despite weak Q2
Shares of IndusInd Bank plummeted 19.82 per cent to ₹1,025.30 on the BSE on Friday during intra-day after it reported an unexpected drop in its
Swiggy cuts IPO valuation again to $11.3 billion; BlackRock and CPPIB to invest, sources say
Indian food delivery giant Swiggy has slashed its IPO valuation again, to $11.3 billion, 25 per cent below the initial goal of $15 billion as
Technical Analysis: Crompton Greaves Consumer Electricals, Inox Wind and Trent
Crompton Greaves Consumer Electricals (₹392.25) Confirms Head & Shoulder The stock of Crompton Greaves Consumer Electricals, after marking a high of ₹483.65 in early September,
FIIs sold ₹20,024 crore of equities this week, drags Nifty, Sensex by about 2.5%
Foreign institutional investors (FIIs) have pulled out a massive ₹20,024 crore from Indian equities this week alone, resulting in a 2.5 per cent dip in
FPI selling in cash market tops ₹1 lakh crore
Indices fell for the fifth straight session on Friday to near two and half month lows amid relentless selling by foreign portfolio investors (FPIs), weak
Markets tumble as IndusInd Bank plunges 18%, dragging indices lower
Indian equity benchmarks are extending their losing streak for the fifth consecutive session on Thursday, with the BSE Sensex falling over 700 points by afternoon
AIFs grapple with land bordering rules even as SEBI eases norms
SEBI’s recent circular on investments from land bordering countries through alternative investment funds (AIFs) may add another layer of complexity in the manner in which
Patel Integrated Logistics names R Kannan as Independent Director, shares trade flat
Patel Integrated Logistics Limited announced today the appointment of R Kannan as Additional Non-Executive Independent Director, effective October 24, 2024, subject to shareholder approval. Kannan,
FPIs selling crosses $10 b in October
Foreign portfolio investors (FPIs) continued their record selling spree, offloading shares worth ₹5,684 crore on Wednesday. This takes the total selloff for the month of
Zomato shares gain as bullish brokerages highlight strong Q2 results
Shares of Zomato gained over 3 per cent on Wednesday after the company posted its consolidated net profit at ₹176 crore in the second quarter
SEBI whole-time member raises concern on F&O, SME IPO frenzy
A senior SEBI official reiterated the regulator’s concern on the increased retail participation in derivative products and SME IPOs. “Increased retail participation in derivative segment
Mazagon Dock fell by over 10% before the announcement of stock split and interim dividend
Shares of Mazagon Dock Shipbuilders Ltd tumbled by 10% from their previous close of ₹4,665.65 on BSE today. As of 3:05 PM, the stock saw
Equity Scheme Returns from NPS soften amid Nifty50 correction in October
A sharp 1,000 points fall in benchmark Nifty50 since October 1 has weighed in on the annual return generated by pension funds on NPS monies
Niva Bupa Health Insurance, Paras Healthcare get SEBI’s nod to float IPOs
Health insurer Niva Bupa Health Insurance Company Ltd and Paras Healthcare Ltd, which runs the hospital chain under the ‘Paras Health’ brand, have received SEBI’s
Indel Money announces 5th public issue of NCDs
Indel Money Ltd, a non-deposit taking NBFC in the gold loan sector has announced the fifth public issue of Secured NCDs of face value of
DIPAM asks its officers not to trade in shares of state-owned companies
The Department of Investment and Public Asset Management (DIPAM) has asked its officials to refrain from trading in shares of public sector companies as they
FPI selloff surges past $9.25 billion in October, ‘Sell India, Buy China’ trade set to persist
FPIs aggressively sold Indian equities, withdrawing a record ₹77,701 crore ($9.25 billion) up to October 18, depositories data showed. They have been net sellers in
NPPA slaps ₹6.32 lakh penalty on Torrent Pharma for Drug Pricing Violation, shares in green
The National Pharmaceutical Pricing Authority (NPPA) has issued a demand notice to Torrent Pharmaceuticals Limited for launching a new drug without prior price approval, imposing
KIMS Hospitals inks ₹700-crore medical tech deal with Wipro GE Healthcare
Krishna Institute of Medical Sciences (KIMS) has signed a Memorandum of Understanding with Wipro GE Healthcare for medical technology procurement worth up to ₹700 crore.
HGS opens AI Hub in Manila to drive digital innovation, shares in red
Hinduja Global Solutions (HGS) launched a new AI Hub in Manila, Philippines on October 18aiming to enhance digital experience solutions for its clients. The facility,
Broker’s call: Engineers India (Buy)
Target: ₹250 CMP: ₹187.85 We upgrade Engineers India (EIL) to ‘Buy’ from ‘Accumulate’ given the recent correction in the stock price, with an unchanged SoTP-derived
Relicab Cable secures ₹84-lakh cable supply contract, shares in red
Relicab Cable Manufacturing Ltd said today it has received a purchase order worth approximately ₹84 lakh (excluding taxes) from a multinational technology conglomerate. The shares
Waaree Energies IPO opens on Monday at ₹1,427-1,503 price band
Waaree Energies, solar panel maker, on Wednesday, set a price band of ₹1,427-1,503 for its upcoming IPO that will open on October 21 and end
TIPS Music declares interim dividend, appoints new independent director; shares plummet 6.7%
TIPS Music Ltd, formerly known as Tips Industries Ltd, at its board meeting held today, declared a second interim dividend and appointed a new independent
SpiceJet shares rise following airline’s settlement of disputes with vendors
Shares of SpiceJet rose 1.16 per cent on Tuesday, reaching a high of ₹68. The stockhad climbed 3.4% earlier in the day. It recorded a
Exide Energy Solutions to acquire 26% stake in solar power firm, shares dip 1.5%
Exide Energy Solutions Limited (EESL), a wholly owned subsidiary of Exide Industries Limited, has signed agreements to acquire a 26 per cent stake in Clean
Groww adds 47 lakh SIP accounts in Q2
Groww has added over 47 lakh new SIP accounts during the July-September quarter. Out of 66 lakh new SIPs recorded in September by AMFI, Groww
Hidesign partners with Unicommerce to enhance omnichannel operations, stocks advances
Leather goods manufacturer Hidesign has teamed up with e-commerce enablement platform Unicommerce to streamline its omnichannel operations. The partnership, announced on October 14, 2024, aims
Sensex, Nifty fall in early trade
Benchmark indices Sensex and Nifty fell in early trade on Friday amid volatility and mixed trends in global markets. The 30-share BSE Sensex opened on
Mcap of seven of top-10 most valued firms erode by ₹1.22 lakh cr; TCS, Reliance biggest laggards
The combined market valuation of seven of the top-10 most valued firms eroded by ₹1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries
Motilal Oswal launches Digital India Fund focused on tech and digital ecosystem growth
Motilal Oswal Asset Management Company (MOAMC) on Friday announced the launch of its latest fund offer, the Motilal Oswal Digital India Fund. The fund is
Bigul unveils stock baskets feature for theme-based investing
Bigul, an innovative investment platform, has launched a new feature that allows investors to invest in a group of stocks based on specific themes. Bigul
TCS shares dip 2% post-Q2 earnings announcement
Shares of Tata Consultancy Services (TCS) fell 2 per cent on Friday after its September quarter earnings failed to cheer investors. The scrip of the
Bandhan Bank shares surge 10% on RBI nod for Partha Sengupta as CEO
Shares of private lender Bandhan Bank rose over 10 per cent on Friday after the Reserve Bank of India approved the appointment of its new
NSE to discontinue F&O weekly contracts on Bank Nifty, 2 others
After markets regulator SEBI’s directive to limit weekly expiries to one per exchange, the National Stock Exchange on Thursday announced that it will discontinue the
Garuda Construction IPO: Closes today, generates strong response from HNIs and retail investors
The initial public offering of Garuda Construction and Engineering will close today for public subscription. The issue has generated a strong response from HNIs and retail
Large offerings can end up as duds post listing
Hyundai Motor India’s initial public offering (IPO) will be the biggest till date, eclipsing the previous record set by State insurer LIC in 2022. Large
Mamaearth targets 100 crore ARR on Meesho, expands to Tier 3 markets, shares dip
Mamaearth, a leading Indian personal care brand, has partnered with e-commerce platform Meesho to expand its reach into Tier 3 and smaller markets. The collaboration,
Online trucking platform Zinka Logistics Solutions gets SEBI nod for IPO
Trucking platform Zinka Logistics Solutions has received final observation from SEBI to raise funds through an initial public offering (IPO). It looks to raise ₹550
Sensex, Nifty rebound as mid-day trading shows market recovery
Indian stock markets staged a recovery in mid-day trading on Tuesday, breaking a six-day losing streak amid ongoing geopolitical tensions and economic uncertainties. As of
Indices fall for 6th straight session amid FPI selloff
Indian equities fell for a sixth straight session amid tensions in West Asia and sustained selling by foreign investors, even as other Asian indices ended
Rama Steel Tubes reports strong Q2 sales growth, stocks in red
Rama Steel Tubes Limited, a leading Indian structural steel tube manufacturer, announced significant sales volume growth for the second quarter of fiscal year 2025. The
On ‘buy China, exit India’ mode, FPIs net sell ₹27,142-cr stocks from October 1 to 4
A sharp rally in Chinese equities last week has prompted Foreign Portfolio Investors (FPIs) to adopt a ‘Buy China, Sell India’ strategy in October, leading
Technical Call: Quess Corp – BUY
Long-term investors can buy the shares of Quess Corp (₹744.40) at current levels. The stock has been in a strong uptrend since March last year.
India Has Moved On, But Nifty Hasn’t!
When faced with a choice between choosing a weapon-less Lord Krishna and the most powerful army (Dwaraka army) in the world, Arjuna chooses the former.
BSE’s Asia Index launches three new indices
Asia Index, a wholly-owned subsidiary of leading stock exchange BSE Ltd, on Friday announced the launch of three new indices — BSE Sensex Sixty 65:
China rally damps India flows, with investors repositioning tactically
China seems to have gained at the expense of India when it comes to foreign flows. China funds cornered historic high flows of $6.2 billion
GRSE secures contracts for hybrid ferries and export vessel, shares climb
Garden Reach Shipbuilders & Engineers Ltd (GRSE) has received two significant contracts, bolstering its position in the shipbuilding industry. Today, GRSE announced securing a ₹226.18
Ratan Tata books 10 times profit on Upstox investment
Industrialist Ratan Tata has offloaded five per cent of his investment in Upstox, an online discount stock broking firm. Rata Tata had bought about 1.33
Smaller cities contribute 50% of new mutual fund folios
Nearly half of the new investors added to the mutual fund industry are from smaller cities, and this addition is growing steadily every month. As
Broker’s call: Route Mobile (Buy)
Target: ₹2,100 CMP: ₹1,580.65 Route Mobile is set to witness a growth uptick after the completion of the strategic acquisition by Proximus Opal. The growth
Bombay Stock Exchange Brokers’ Forum names Anup Gupta as chairman
Bombay Stock Exchange Brokers’ Forum (BBF) on Wednesday said it has appointed Anup Gupta as the chairman, succeeding Kishor Kansagra. The appointment has been effected
Broker’s call: Biocon (Buy) – The Hindu BusinessLine
Target: ₹496 CMP: ₹370.40 Integrated pharmaceutical major with capabilities across the value chain, Biocon is a leading integrated global pharmaceutical company with a comprehensive presence
GE Power India secures major hydropower contract in Nepal, stocks advance
GE Power India Limited (GEPIL) announced today it has secured a significant international contract worth approximately ₹2,404 million plus NPR 340 million from Blue Energy
SEBI fast-tracks rights issue timelines
The SEBI board has taken steps to enable faster rights Issue along with the flexibility of allotment to specific investors. Rights issues will need to
Coal India standardises interest rates for late payments, stocks trade flat
Coal India Limited (CIL) announced today that it will implement a uniform interest rate policy for delayed payments, effective October 1, 2024. The new rate,
Property Share files for first SM REIT scheme to raise ₹353 crore
Property Share Investment Trust, registered as a small and medium real estate investment trust, has filed the draft scheme document for PropShare Platina, its first
Mcap: 8 of top-10 most valued firms surges ₹1.21 lakh cr; Reliance biggest winner
The combined market valuation of eight of the top-10 most valued firms surged ₹1,21,270.83 crore last week, with Reliance Industries becoming the biggest gainer, in
Angel One settles front-running case with SEBI
Stock broker firm Angel One has settled allegations of frontrunning of orders of a big client by one of its authorised persons by paying ₹21,64,500.
IPO filings set a scorching pace, hit a record
Twenty companies have filed their draft offer documents for initial public offerings (IPOs) in September, the most number of filings in a month this year
Bourses defer T+0 settlement pilot for institutional clients
Stock exchanges on Friday deferred the voluntary implementation of the T+0 or same-day settlement cycle of securities for institutional clients, which was supposed to apply
SJVN stock surges following MoUs with Maharashtra govt
The share price of the public sector SJVN Ltd is on the rise after the company announced that it had signed two MoUs with the
Kalana Ispat SME IPO gives a rude shock
Kalana Ispat, an NSE-SME company, gave a reality check to investors who wished to make quick buck through SME-IPO investments. In a shock to investors,
Indian markets open higher on global cues, Nifty touches new record
Indian equity markets opened higher on Thursday, with the Nifty 50 index touching a new record high, buoyed by positive global cues and ongoing optimism
US, Singapore lead FPI flows into India in CY24
The bulk of net inflows from foreign portfolio investors (FPIs) into India this year has come from the US and Singapore. The two countries have
BEL signs teaming agreement with Relisat for space products, stocks trade flat
The shares of Bharat Electronics Limited (BEL) were trading at ₹289.70 down by ₹2.10 or 0.72 per cent on the NSE today at 1 pm.
Defence stocks come under pressure on profit booking
After a stupendous rally, defence stocks have crashed on concern over their high valuation amid weak earnings growth last quarter. The Nifty India Defence index
Arkade Developers IPO Listing Today / Arkade Developers Share Price Today Live Updates 24 Sep 2024: Arkade Developers stock debuts at 37% premium
rkade Developers IPO Listing Today / Arkade Developers Share Price Today Live Updates 24 Sep 2024: Shares of Arkade Developers will be listed on stock
Broker’s call: UGRO Capital (Outperform)
Target: ₹345 CMP: ₹263.05 Key factors underpinning UGRO Capital’s positive outlook include: a significant opportunity in MSME lending; superior productivity metrics, highlighting the scalability of
Sensex, Nifty hit record highs on Fed rate cut; oil & gas stocks lead gains
Indian benchmark indices Sensex and Nifty touched new all-time highs on Monday, buoyed by expectations of increased foreign inflows following the US Federal Reserve’s recent
Technical Analysis: Bikaji Foods International, Campus Activewear and Tamilnad Mercantile Bank
Bikaji Foods International (₹948.2) Bull flag breakout The stock of Bikaji Foods International has been in an uptrend since its listing in November 2022. There
Technical Call: Bajaj Finserv – BUY
Long-term investors with a minimum time frame of one year can buy the shares of Bajaj Finserv (₹1,917) now. The stock has been in a
Technical Analysis: Container Corporation of India (Concor), ACC and Happiest Minds Technologies
I have shares of Concor. My purchase price is ₹1,025. What is the outlook for the next one year? Siyaram Khandelwal Container Corporation of India
Broker’s call: ICRA (Buy) – The Hindu BusinessLine
Target: ₹7,500 CMP: ₹7,197.15 Rating industry’s revenue growth can sustain above 10-12 per cent over the coming years aided by ongoing infrastructure investments, pick-up in
Broker’s call: Mankind Pharma (Buy)
Target: ₹3,300 CMP: ₹2,547.15 Mankind Pharma’s vision to be an innovation-driven and differentiation-focused with high entry barrier products has found a match in Bharat Serums
H.G. Infra Engineering faces ₹1 crore penalty from NHAI, stock soars
H.G. Infra Engineering Limited (HGIEL) announced today that the National Highways Authority of India (NHAI) has imposed penalties totaling ₹1 crore on the company. The
Broker’s call: Tata Motors (Buy)
Target: ₹1,175 CMP: ₹967.30 We upgrade Tata Motors (TTMT) to Buy from Add, keeping our SoTP-based TP unchanged at ₹1,175/share (incl. roll-over to Sep-26E). TTMT
Stock Market Today: Fed rate cut sparks mixed reactions in Indian markets
The Indian stock market showed a mixed response on Thursday afternoon following the US Federal Reserve’s decision to cut interest rates by 50 basis points,
Fed’s half-point rate cut can spur 1.6 per cent gains for Nifty
Fifty of the 78 announcements by the US Federal Reserve in the last 34 years has led to a positive change in Nifty the following
TCS secures two-year contract with McDonald’s franchise holder in the Philippines
Tata Consultancy Services (TCS) has secured a two-year contract with Golden Arches Development Corporation (GADC), the master franchise holder of McDonald’s in the Philippines. The
Broker’s Call: Awfis Space Solutions (Buy)
Target: ₹839 CMP:₹726.4 In Q1FY25, Awfis Solutions (Awfis) began to deliver on its two main FY25 guidance parameters: 30 per cent+ revenue growth for FY25
JBM ECOLIFE bags $100 million to make more electric buses
JBM ECOLIFE Mobility, a subsidiary of JBM Auto Limited, has secured $100 million funding from Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB).
Indian markets inch higher amid sector-specific movements
The Indian stock markets closed marginally higher on Monday, with both BSE Sensex and NSE Nifty 50 recording modest gains in a session characterized by
Cressanda subsidiary secures exclusive Patanjali water distribution deal
Cressanda Railway Solutions Ltd announced today that its subsidiary, Cressanda Retail Solutions Pvt Ltd, has entered into an exclusive distributorship agreement with Patanjali Peya Pvt
Solarium Green Energy files papers with BSE SME for IPO
Solarium Green Energy, a turnkey solar solution provider and comprehensive O&M services company, has filed its Draft Red Herring Prospectus with BSE SME to issue
Mcap: Nine of top-10 most valued firms jump ₹2 lakh crore; Bharti Airtel sparkles
Nine of the top-10 most valued firms together added ₹2,01,552.69 crore in market valuation last week, with Bharti Airtel stealing the show, amid bullish investors’
Broker’s call: Tega Industries (Buy)
Target: ₹2,010 CMP: ₹1,812.95 We attended Tega Industries Limited (Tega) Analyst Meet represented by MD CEO Mehul Mohanka and CFO Sharad Khaitan to understand the
Broker’s call: PG Electroplast (Buy)
Target: ₹770 CMP: ₹614.50 India’s current air conditioner (AC) penetration is around 8-10 per cent of 300 million households, but it’s expected to reach 50
SEBI disposes of co-location case against NSE, 7 others
Securities and Exchange Board of India (SEBI) has disposed of proceedings against the National Stock Exchange (NSE) and its employees in the alleged co-location case.
Sanofi Consumer Healthcare lists on BSE, NSE
Sanofi Consumer Healthcare India Ltd has listed on the BSE and National Stock Exchange (NSE). SCHIL’s demerger from Sanofi India Ltd, executed under the Scheme of
Tightrope walk for SEBI as it readies to finalise F&O norms
The deluge of feedback received on its July consultation paper to strengthen the index derivatives framework may make it tricky for the market regulator to
Stock Market Today: Markets rebound in early trade on rally in global peers, foreign fund inflows
Equity benchmark indices Sensex and Nifty rebounded in early trade on Thursday tracking a rally in global markets and foreign fund inflows. The 30-share BSE
Broker’s call: Persistent Systems (Buy)
Target: ₹ 6,030 CMP: ₹ 5,292.50 Investors have little doubt on Persistent Systems (PSYS) growth momentum. They are not wrong. Such has been the strength
IREDA subsidiary gets nod to operate in GIFT City
The shares of Indian Renewable Energy Development Agency (IREDA) were trading at ₹231.75, down by ₹1.75 or 0.75 per cent, on the NSE at 11.52
Finmin proposes changes in qualification norms for stockbrokers
The Finance Ministry intends to bring clarity in qualification norms for stockbrokers. Accordingly, it has come out with a consultation paper for changes in Securities
TCS to digitise Mansfield Building Society’s UK operations
Tata Consultancy Services (TCS) has announced a partnership with Mansfield Building Society to digitally transform its operations in the UK. TCS will deploy its proprietary
Broker’s call: VA Tech Wabag (Buy)
Target: ₹1,700 CMP: ₹1,368.90 We are initiating coverage on VA Tech Wabag Ltd. (VTW) with a Buy recommendation and a target price of ₹1,700/share. Regulatory
Mahindra Last Mile Mobility to introduce e-ZEO, an electric four-wheeler on October 3
Mahindra Last Mile Mobility Limited (MLMML) announced today its plans to introduce a new electric four-wheeler called ‘e-ZEO’ on October 3, 2024. The vehicle, whose
Baazar Style Retail shares make flat market debut, ends day nearly 3% higher
Shares of Rekha Jhunjhunwala-backed Baazar Style Retail, a value fashion retailer, on Friday made a flat market debut, listing at par with the issue price
Monthly SIP inflows could double to ₹40,000 crore by December 2025: Swarup Mohanty, Vice-Chairman & CEO, Mirae
Monthly inflows in Systematic Investment Plans (SIPs) of mutual funds could nearly double to about ₹40,000 crore by December 2025, Swarup Mohanty, Vice-Chairman & CEO,
FPIs pump ₹10,980 crore into Indian stocks in early September
Indian stock markets opened September on a strong note, supported by robust investments from foreign investors during the first week of the month .According to
India topples China in MSCI Emerging Markets Investable Market Index
As India beats China in the MSCI Emerging Markets Investable Market Index (MSCI EM IMI), Indian equities may get up to $4.5 billion, official sources
SME IPO frenzy continues with 50 companies filing papers
Notwithstanding the concerns all around, including the market regulator SEBI, 50 small and medium enterprises have filed papers with NSE Emerge and BSE SME last
Strides Pharma secures USFDA nod for asthma drug, gains exclusivity
Strides Pharma Science Limited announced today that its subsidiary has received U.S. Food and Drug Administration (FDA) approval for generic Theophylline Extended-Release Tablets in 300
Dilip Buildcon wins L-1 bid for Kerala infrastructure project
Dilip Buildcon Limited (DBL) has emerged as the lowest bidder (L-1) for a major infrastructure project in Kerala. The company announced on September 5, 2024,
Meghna Infracon expands portfolio with new Mumbai residential project
Meghna Infracon Infrastructure Limited (MIIL) announced today the acquisition of a new residential project in Goregaon, Mumbai. The project, named “Manju Villa,” is set to
Broker’s call: Aadhar Housing Finance (Buy)
Kotak Securities Target: ₹550 CMP: ₹416.60 We initiate coverage on Aadhar Housig Finance with a Buy rating and RGM-based FV of ₹550/share. Aadhar stands out
Rama Steel Tubes enters green energy sector with Onix Renewable Partnership
Rama Steel Tubes Limited (RSTL) announced today a strategic collaboration with Onix Renewable Ltd to provide steel structures for solar projects. The partnership aims to
Block deals seen in AU Bank, Medi Assist, Signature Global
The day was marked by a number of block deals and a few that caught the eye was that of AU Small Finance Bank, Medi
FirstCry subsidiary boosts stakes in home appliance brands
Globalbees Brands Private Limited, a material subsidiary of Brainbees Solutions Limited (FirstCry), has increased its investments in two step-down subsidiaries. The company invested ₹105.15 crores
Broker’s call: TCS (Buy) – The Hindu BusinessLine
Target: ₹5,230 CMP: ₹4520.85 Tata Consultancy Services (TCS) has been consistently delivering resilient performance for past several quarters despite the challenging environment. TCS has reported
GTPL Hathway launches GTPL Buzz App with new services
GTPL Hathway Limited announced the launch of its new customer application, “GTPL Buzz,” today. The app, available on Android and iOS, introduces several new services,
PSU stocks’ dream-run lose steam on earnings slowdown, valuation concern
After a strong performance in recent months, PSU stocks are now tumbling across the board due to concerns about overvaluation, slowing earnings growth, and mandatory
Bajaj Housing Finance to launch ₹6,560-cr IPO on September 9
Bajaj Housing Finance is set to float its much-awaited ₹6,560-crore initial share-sale for public subscription on September 9. The initial public offering (IPO) will conclude
What Should You Do With the Amara Raja Energy & Mobility Stock Now?
When we last wrote on Amara Raja in early June 2023, the company was still Amara Raja Batteries, and we recommended a ‘buy’ on the
IPO bull run may continue as pace of filings gains steam
Eighteen companies have filed their draft offer documents for initial public offerings (IPOs) in August, the most number of filings in a month this year
Sebi tweaks norms for entry, exit of F&O stocks
SEBI has revised the eligibility criteria for entry and exit of stocks in the derivatives segment. A stock’s median quarter sigma order size and its
GRSE signs MoU with NHIDCL for Double-Lane Modular bridges
Garden Reach Shipbuilders & Engineers Ltd (GRSE) announced today that they have signed a Memorandum of Understanding (MoU) with National Highway Infrastructure Development Corporation Ltd
Premier Energies IPO sees overwhelming response, subscribed 74.09 times
The initial public offer of solar cell and module manufacturer Premier Energies got subscribed 74.09 times on the last day of subscription on Thursday. The
Biocon Biologics clears path for Stelara Biosimilar in major markets
Biocon Biologics Ltd (BBL), a subsidiary of Biocon Ltd, has secured market entry for its proposed biosimilar to Stelara in Europe, the UK, Canada, and
SEBI proposes overhaul of merchant bankers’ norms
The Securities and Exchange Board of India (SEBI) on Wednesday proposed an overhaul of merchant bankers’ regulations amid a boom in the equity capital market.
Tanla launches anti-scam SMS module in response to TRAI directive
Tanla Platforms Limited, a leading Communications Platform as a Service (CPaaS) provider in India, unveiled Registration.ai today. This new module, part of Tanla’s Trubloq platform,
NSE seeks SEBI approval for IPO
The National Stock Exchange (NSE) on Tuesday sought fresh approval for its initial public offering (IPO) by filing an application for a no-objection certificate with
HCLTech stocks surge post Xerox AI deal
The shares of HCLTech were trading at ₹1,722.70, up by ₹1.80 or 0.10 per cent, today at 10.30 am on the BSE. HCLTech and Xerox
Baazar Style Retail IPO aims to raise ₹835 cr
Rekha Jhunjhunwala-backed Baazar Style Retail, a value fashion retailer, on Monday said it has fixed a price band of ₹370-389 per share for its Initial
Reliance ADAG companies stocks tumble following SEBI ban on Anil Ambani
The shares of Anil Ambani-backed Reliance group companies experienced a sharp decline today following the Securities and Exchange Board of India’s (Sebi) five-year market ban
India stock indices nearing fresh record highs, eye global macroeconomic data for cues
This week, Indian stock indices accumulated 0.7-1.0 per cent gains on a cumulative basis. The indices rose for a seventh straight session on Friday, reportedly
Broker’s call: Pitti Engineering (Accumulate)
Target: ₹1,501 CMP: ₹1,426.20 Pitti Engineering Ltd (PEL) reported numbers, Q1FY25 revenue stood at ₹383 crore (+32.1 per cent y-o-y/+16.7 per cent q-o-q); above our
Jeyyam Global Foods sets price band at ₹59-61 per share for ₹82 crore SME IPO
Jeyyam Global Foods Ltd, a Chennai-based food products company, has set a price band of ₹59-61 per share for its upcoming SME Initial Public Offering
Heartening to see desi hands controlling market
A tectonic shift has been happening in Indian stock markets quietly but decisively in recent months. If the trend in ownership pattern of Indian stocks
Orient Tech IPO subscribed 151 times
The initial public offering of Orient Technologies witnessed a tremendous response from all category of investors, as the issue was subscribed 151.71 times. The Mumbai-based
Stock market today: Markets open flat as Investors await Fed Chair Powell’s speech
Sensex and Nifty opened on a flat note today, amid cautious sentiment driven by global market uncertainties and investor focus on Federal Reserve Chair Jerome
At $51 billion, sell-downs rise over 88 per cent YTD in 2024
Block and bulk deals have gained momentum and sell-downs through such transactions in 2024 have risen over 88 per cent year to date to $51.4
IPO screener: Orient Tech is a big hit among retail, HNIs on Day 1
Orient Technologies’ IPO received a grand response from HNI and retail of investors on Day 1 of the issue opening on Wednesday. The IPO was
Interarch Building IPO subscribed 93 times
The IPO of Interarch Building Products closed on a high note with overall subscription figures of 93.46 times, as institutional investors pumped in money on
IPO screener: Last day to subscribe Interarch Building offer
The ₹600-crore Interarch Building Products issue closes today for public subscription. The IPO has so far witnessed a robust response from high-net-worth individuals and retail
Broker’s call: Voltas (Outperformer) – The Hindu BusinessLine
Target: ₹1,660 CMP: ₹1,659.75 Voltas has reported strong top-line growth (46 per cent y-o-y, 15 per cent above BNPPEe), led by continued growth momentum in
IPO screener: Interarch Building issue subscribed 3.20 times on Day 1
The ₹600-crore Interarch Building Products saw a robust response from high-net-worth individuals and retail investors on Monday, the first day of the issue opening. At
IndusInd Bank gets RBI nod to launch AMC arm
The Reserve Bank of India (RBI) on Monday approved IndusInd Bank to set up a wholly-owned subsidiary for asset management business of mutual funds, the
Cement sector review: Muted demand and price pressure persist in Q1 FY25, says Axis Securities
In Q1FY25, the cement sector under Axis Securities’ coverage demonstrated resilience, with a slight decline in revenue, EBITDA, and APAT by 1%, 4%, and 9%
Mcap: Seven of 10 valued firms add ₹1.40 lakh crore; TCS, Infosys lead gainers
The combined market valuation of seven of the top 10 valued firms jumped ₹1,40,863.66 crore in a holiday-shortened last week with the benchmark Sensex gaining
Broker’s call: Hero MotoCorp Buy
Target: ₹6,015 CMP: ₹5,125.80 With the launch of differentiated products in FY24, Hero MotoCorp has been successful in building a strong motorcycle product portfolio. In
JSW Cement files draft papers with SEBI to raise ₹4,000 cr via IPO
JSW Cement, part of Sajjan Jindal promoted diversified JSW Group, on Friday filed a draft red herring prospectus (DRHP) with the capital markets regulator SEBI
Broker’s call: HAL (Add) – The Hindu BusinessLine
Target: ₹5,170 CMP: ₹4,769.20 Hindustan Aeronautics’ (HAL) performance missed street’s estimates mainly on the back of weak execution. Key points: EBITDA rose 13 per cent
Dream run continues for Ola as stock zooms another 20%
Shares of Ola Electric Mobility Ltd surged 20 per cent on Friday to hit the upper circuit limit on the BSE at ₹132.76 after the
Nifty to open 200 points higher, indicates Gift trading
Domestic markets are expected to open on a positive note on Friday amid positive global cues. Analysts expect the relief rally is likely to continue,
Realty firm Kalpataru files draft papers to raise up to ₹1,590 cr via IPO
Real estate firm Kalpataru Ltd has filed draft prospectus with market regulator SEBI to launch its initial public offering (IPO) for raising up to ₹1,590
Stock Market Today: Sensex, Nifty inch up; some sectors shine amid mixed market mood
Sensex and Nifty closed marginally higher on Wednesday, with both benchmark indices showing slight gains. The BSE Sensex rose 149.85 points, or 0.19 per cent,
Saraswati Saree Depot IPO subscribed 107.5 times, as HNIs pour in money
The initial public offering of Saraswati Saree Depot saw a robust response from all category investors as the issue closed with overall subscription of 107.52
Sensex, Nifty expected to open higher as soft US data lifts rate cut bets
Indian shares are set to open higher on Wednesday, tracking other Asian peers, after softer U.S. producer prices data reinforced bets of an interest rate
Bumper gains as Unicommerce jumps 100% on listing day
Shares of Unicommerce Esolutions made a stellar debut at the bourses on Tuesday by gaining over 100 per cent after a blockbuster IPO. Against the
IPO screener: Softbank-backed Unicommerce shares listing today
Shares of Unicommerce will make their debut at the bourses today after blockbuster IPO. The issue of Softbank-backed Unicommerce, which has been witnessing an overwhelming
Sun TV slumps 10% as Q1 profit dips
Shares of Sun TV Network crashed 10.50 per cent to ₹818.45 on the BSE after the Chennai-based company posted underwhelming Q1 FY25 results, forcing brokerages
Stock that will see action today: 12 August 2024
Adani Group stocks will remain in focus after the US-based short-seller Hindenburg Research last week in a sensational disclosure alleged that market regulator Securities and
Stock exchanges expand surveillance measure to companies below ₹1,000 crore m-cap
Amid rising concern over small market valuation and volatility, stock exchanges will enhance the enhanced surveillance measure (ESM) framework to companies with market capitalisation of
“Our life and finances are an open book”: Madhabi Buch rejects Hindenburg allegations
SEBI chairperson Madhabi Puri Buch and her husband Dhaval Buch termed the allegations made by Hindenburg Research as baseless and denied the “insinuations made in
Stocks make comeback at end of dizzying week: Markets wrap
A rebound in stocks in the final stretch of a wild week drove the market to its biggest back-to-back advance in 2024. That semblance of
After muted listing, Ola Electric revs up to hit the 20% roof
Shares of Ola Electric Mobility saw a strong opening day at the bourses despite getting a flat listing on Friday. The stock listed at the
To generate alpha, AMCs go extra mile with new ideas
Nowadays, it has become an increasingly difficult task for fund managers to outperform benchmarks, given the relentless rally. In the current market conditions, asset management
IPO screener: All eyes on Ola Electric listing today
Shares of Ola Electric Mobility will be listed on the bourses today. The IPO price has been pegged at ₹76. The public issue of Ola Electric
Unicommerce IPO received bids for 168 times
The initial public offering of FirstCry’s parent, Brainbees Solutions Ltd, sailed through on the last day of issue closing on Thursday by receiving bids for
Indian markets to open flat; focus shifts to RBI monetary policy
The Indian benchmark indices, Sensex and Nifty, are expected to open flat on Thursday. Gift Nifty at 24,175 indicates a marginal rise at open, as
Broker’s call: TVS Motor (Buy)
Target: ₹2,680 CMP: ₹2,574.80 In Q1FY25, TVS Motors registered in line performance on Revenue/EBIDTA/PAT front (VAR is +/-1 per cent). Revenue under the quarter review
No interest rate hike amid market volatility, says BoJ Deputy Governor
Bank of Japan (BOJ) Deputy Governor Shinichi Uchida said on Wednesday the central bank won’t raise interest rates when financial markets are unstable. The recent
Ola Electric IPO subscribed just 4.3 times
The public issue of Ola Electric Mobility, the first pure EV company to hit the capital market, saw a moderate response from investors. The IPO
IPO screener: Ola Electric issue closes today
Today is the last day to subscribe into the IPO of Ola Electric Mobility the first pure EV company. The initial public offering has already sailed
Ceigall India IPO: Subscribed 13.8 times; QIBs, HNIs make aggressive bidding
The public issue of Ceigall India, an infrastructure construction company, ended on a strong note despite huge selling pressure in the secondary market. The IPO
Nifty set to tumble over 300 points as Asian stocks sink into sea of red
Domestic markets are expected to open on a negative note amid weak global cues. Asian stocks are in a sea of red, led by the Japanese