Barrage of stock supply is latest test for Dalal Street
A 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…
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9 stocks held by one MF scheme jump over 50% in FY25 – Unique stocks
IRFC 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…
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D-Street’s record 11-month stock rally is at risk as profits cool
India’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….
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Tata Steel downgraded to ‘Sell’ as Kotak Institutional Equities sees risk-reward turning unattractive
Stating 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…
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Senco Gold shares climb 5% on strong Q2 business updates
Shares 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…
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SpiceJet shares rally 10% as co to add 10 new aircraft to fleet by November-end
Shares 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…
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Indian Oil shares drop after co withdraws Rs 22,000 crore rights issue
Shares 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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Big movers on D-Street: What should investors do with ONGC, Glenmark Pharma and Reliance Power?
The euphoria from the FED rate cut continued to lift the domestic market as benchmark Sensex soared 384 points on Monday to close at a new all-time high of 84,928, while Nifty too ended at a record peak of 25,939. The stocks that were in focus included names like ONGC, which rose 3.06%, Glenmark Pharma,…
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Bajaj Holdings among 3 stocks to trade ex-dividend tomorrow. Do you own any?
Bajaj Holdings and Investment among 2 other companies are likely to remain in focus today as these had fixed September 25 as the record date for determining the eligible shareholders. The board of Bajaj Holdings declared an interim dividend of Rs 65 per share earlier this month and fixed September 25 as the record date…
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Smallcap multibagger’s 1:5 stock split record date tomorrow; last day to buy today
Smallcap stock Swastika Investmart had announced a 1:5 stock split earlier in July while announcing September 25 as the record date. This means that today is the last day to buy the shares of the company before the ex-date, to be able to qualify for the stock split. “We wish to inform you that SWASTIKA…
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