Can YES Bank reclaim Rs 27? Or is a drop below Rs 17 more likely?
YES Bank shares have seen a volatile ride over the past year, falling 22% in the last 12 months and losing 26% from their peak of Rs 27.2. However, since hitting a low of Rs 16 in March, the stock has recovered nearly 25%, sparking renewed interest among traders and investors. Kunal V Parar, VP…
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JP Power shares rally over 17% on Adani bid buzz for JP Associates
Shares of Jaiprakash Power Ventures (JP Power) surged over 17% to Rs 22.25 in Mondayβs intraday trade on the BSE, following media reports that the Adani Group has emerged as the highest bidder to acquire Jaiprakash Associates (JP Associates). In June, it was reported that debt-laden Jaiprakash Associates (JAL) had received six resolution plans from…
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Mcap of nine of top-10 most valued firms surges by Rs 2.34 lakh crore; Reliance biggest gainer
Nine of the top-10 most valued firms together added Rs 2,34,565.53 crore in market valuation last week, with Reliance Industries emerging as the biggest gainer, in-line with a buoyant trend in equities. Last week, the BSE benchmark surged 1,650.73 points or 2 per cent. From the top-10 pack, Infosys emerged as the only laggard, facing…
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Vodafone Idea shares surge over 15% in 4 days: Here’s why
Vodafone Idea shares rallied over 15% in the past four trading sessions to Rs 7.55, driven by reports of a major fund-raising effort and expectations of potential government relief on dues. According to a Bloomberg report earlier this week, Vodafone Idea is in talks to raise about Rs 25,000 crore ($2.9 billion) in loans to…
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Mcap of 6 of top-10 most valued firms jumps Rs 1.62 lakh cr; Airtel, Reliance biggest gainers
The combined market valuation of six of the top-10 most-valued firms jumped Rs 1,62,288.06 crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest gainers, in-line with an optimistic trend in equities. Last week, the BSE benchmark gauge jumped 1,289.57 points, or 1.58 per cent. Reliance Industries, HDFC Bank, Bharti Airtel, ICICI…
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Nomura upgrades IndusInd Bank to buy, sees 30% upside; shares rally 4%
Shares of IndusInd Bank climbed as much as 3.9% on Wednesday to Rs 841 on the BSE after global brokerage Nomura upgraded the stock to a βbuyβ and sharply raised its price target, citing improved governance, a cleaned-up balance sheet, and a stronger earnings outlook. Nomura increased its price target on the private lender by…
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Mcap of eight of top-10 most valued firms erodes by Rs 1.65 lakh cr; HDFC Bank biggest laggard
The combined market valuation of eight of the top-10 most valued firms eroded by Rs 1,65,501.49 crore last week, with HDFC Bank taking the biggest hit, in-line with a bearish trend in domestic equities. Last week, the BSE benchmark tanked 1,070.39 points or 1.30 per cent. While Tata Consultancy Services (TCS) and Infosys witnessed net…
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YES Bank shares in focus after board clears plan to raise Rs 16,000 crore in equity and debt
YES Bank shares will be in focus on Wednesday after the private lender announced late Tuesday that its board has approved a fundraising plan of up to Rs 16,000 crore for FY26βcomprising Rs 7,500 crore through equity and Rs 8,500 crore via debt instruments. The capital raise will be executed in multiple tranches, across both…
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Nomura lifts Nifty target price by 1,170 points, unveils 17 top stock picks
In a bullish move that defies earnings downgrades and global jitters, Japanese brokerage giant Nomura has raised its Nifty target by 1,170 points to 26,140, citing favorable valuations and domestic resilience. Alongside, it unveiled 17 high-conviction stock picks, signaling a clear pivot toward domestic-facing sectors. “Assuming benign risk premium and low yields, we raise the…
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Is the BFSI sector set for a major breakout in June?
A look at select stock futures that have seen higher-than average rollovers to June series, and their near-term outlook. Analysts said that the BFSI (banking, financial services, and insurance) sector is on the verge of a fresh breakout and looks firm in the uncertain market. PNB CMP (Rs): 105.8 Change in Open Interest in June…
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