The shares of Freshara Agro Exports will debut on the NSE SME platform on Thursday. Ahead of the listing, the company’s shares traded with a GMP of Rs 80 in the grey market. Considering the upper price band of Rs 116, the stock is expected to list at a premium of 69% over the issue…
READ MOREGoldman Sachs Group Inc. tactically lowered Indian equities to neutral from overweight as slowing economic growth dents the outlook for corporate earnings. “While we believe the structural positive case for India remains intact, economic growth is cyclically slowing down across many pockets,” strategists including Sunil Koul wrote in a note on Tuesday. Worsening earnings sentiment,…
READ MOREThe Nifty Index opened flattish on Tuesday but bears were in full control right from the beginning of the session. The selling intensity increased in the second half and the index broke 24,450 zones. It formed a bearish candle on a daily frame and closed below 24,500 zones with losses of around 310 points. “Now,…
READ MOREA surge in share supply from initial public offerings and sales to institutions is adding pressure on Indian equities, which are already grappling with weak earnings and selling by overseas investors. Hyundai Motor India Ltd. raised $3.3 billion in the nation’s largest IPO on Thursday, and further listings worth $6 billion have been approved by…
READ MOREIRFC Share Price 150.91 12:55 PM | 16 Oct 2024 -0.19(-0.13%) Suzlon Energy Share Price 74.78 12:55 PM | 16 Oct 2024 1.08(1.46%) IREDA Share Price 221.8 12:55 PM | 16 Oct 2024 -0.88(-0.4%) Tata Motors Share Price 903.15 12:55 PM | 16 Oct 2024 -14.15(-1.55%) YES Bank Share Price 21.16 12:55 PM | 16…
READ MOREIndia’s stocks have powered ahead in recent months as surging earnings outweighed fears about lofty valuations. That dynamic is at risk with companies forecast to report slowing profit growth. Brokerages predict that companies in the benchmark NSE Nifty 50 Index will either report flat or low single digits profit gains for the quarter ended September….
READ MOREStating risk-rewards turn unattractive after the recent rally, domestic brokerage firm Kotak Institutional Equities has downgraded Tata Steel from a ‘Reduce’ rating to a ‘Sell’ rating with a target price of Rs 145, which indicates a downside of 9% from the previous closing price of Rs 159 per share. The brokerage expects Indian and European…
READ MOREShares of Senco Gold rose nearly 5% to Rs 1,418.5 in Wednesday’s BSE trade following the company’s strong business updates for the July-September period. The company’s retail growth increased by 27% year-on-year (YoY), while same-store sales growth (SSSG) rose to 20% in Q2, up from 4% in Q1. Senco Gold attributed its strong Q2 performance…
READ MOREShares of SpiceJet surged 9.5% to its day’s high of Rs 63 on BSE after the company announced that it will add 10 new planes to bolster its fleet and operations. “SpiceJet is set to significantly expand its fleet by the end of November with the induction of ten aircraft, marking a major step in…
READ MOREShares of Indian Oil Corporation (IOC) dropped 1% to Rs 178 in Tuesday’s trade after the company announced that it had withdrawn its Rs 22,000 crore rights issue because the government will not participate due to the lack of allocated funds for oil marketing companies (OMCs) in the Budget 2024-25. “This is in continuation of…
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