Stocks in Focus: GIFT Nifty traded flat at 19,607, up marginally 0.01%, indicating a flat opening for domestic indices NSE Nifty 50 and BSE Sensex. The NSE Nifty 50 gained 0.56% to settle at 19,545.75, while the BSE Sensex added as much as 405.53 points to 65,631.57.
“The positive signal from the PMI data and the correction in the crude price boosted the market sentiment. Reduction in FIIs selling rebound sectors like bank and IT shares today. While regarding RBI policy, positively, the market expects the interest rate to be hold-on as external demand outlook indicates muted trend fearing disinflationary trend in the future,” said Vinod Nair, Head of Research at Geojit Financial Services.
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Stocks to Watch on October 6, 2023
TCS
The IT major has been positioned as a Market Leader (Horizon 3) in the HFS Horizons for Supply Chain Service Providers. The study evaluates the capabilities of 18 providers across a range of dimensions to understand the why, what, how, and so What of their service offerings.
Stocks To Watch: Nykaa, Ambuja Cement, Adani Power, Wipro, Bharti Airtel, Jain Irrigation Stocks To Watch: Eicher Motors, LIC, Cochin Shipyard, Biocon, Oil India, SJVN, Grasim, Alkem Lab, OLA Electric Mobility Stocks To Watch: Realty Stocks, Lupin, Tata Power, PB Fintech, SBI, Suzlon Energy, Godrej Consumer, ABFRL Stocks To Watch: SBI, Infosys, Titan, Britannia, Divis Lab, Ambuja Cements, JK Tyre
Larsen & Toubro
The company has informed the exchanges that the application for voluntary liquidation of L&T Hydrocarbon Caspian LLC (Azerbaijan), a Joint Venture of Larsen & Toubro has been approved by the Ministry of Economy of the Republic of Azerbaijan. The Company received the order confirming the liquidation on October 5. Consequently, L&T Hydrocarbon Caspian LLC has ceased to be a Joint Venture of the Company.
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Bandhan Bank: Jefferies recommends Buy, price target at Rs 280 with 10% upside
Tata Motors
Jaguar Land Rover (UK), a wholly owned subsidiary of Tata Motors, reported increased sales volumes for the second quarter of FY24 (three-month period to 30 September 2023), reflecting continuing improvement in supply, allowing JLR to deliver more vehicles to clients. Wholesales in Q2 FY24 were 96,817 units, up 29% vs. Q2 FY23 and up 4% vs. Q1 FY24 (wholesales exclude China JV); H1 wholesales for FY24 were 190,070 units, up 29% year-on-year. Retail sales in Q2 FY24 were 106,561, up 21% vs. Q2 FY23 and up 4% vs. Q1 FY24; H1 Retail sales were 208,555 units, up 25% year-on-year, according to the regulatory filing on the NSE.
Sun Pharma
The company has entered into agreements to acquire equity shares in Ezerx Health Tech Private and Agatsa Software Private.
BHEL
The company won two awards in arbitration proceedings against Jaiprakash Power Ventures in separate cases.
Valiant Laboratories
The company’s shares are scheduled to debut on the bourses today.
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By admin • January 13, 2025 • By Ajit Mishra
Markets remained volatile for yet another week but managed to end in the green. The beginning was downbeat, tracking feeble global cues but the situation improved in the following sessions with stability in the world indices. However, pressure in the IT majors combined with the prevailing underperformance of the banking pack continues to weigh on the sentiment. Eventually, both the benchmark indices, Nifty and Sensex, settled with modest gains to close at 19,751.05 and 66,282.74 levels. Meanwhile, buoyancy in select key sectors like auto, FMCG, energy and realty kept the traders occupied. Besides, the positive tone on broader indices further eased the pressure.
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Apart from earnings, global cues would continue to play a critical role in setting the direction of our markets. Among the key indices, the US benchmark,…
By admin • January 2, 2025 • Promoters of Cipla are looking to offload 2.53% stake worth Rs 2,637 crore in the company through a block deal in one or more tranches. The promoters — Shirin Hamied, Samina Hamied, Rumana Hamied and Okasa Pharma — would be offloading about 20.45 million shares, according to the term sheet reviewed by FE.
Shares are being offered at a price range of Rs 1,289.50-1,357.35, a discount of 0-5% compared with the closing share price of Rs 1,357.35 on the NSE on Tuesday. Kotak Securities is the sole bookrunner for the deal, which is expected to happen on Wednesday.
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At present, these promoters hold a total of 4.26% in the company with Shirin Hamied holding 0.79%, while that of Samina Hamied is at 2.22%. Rumana Hamied holds 1.23% stake and that by Okasa Pharma, a promoter group company, is 0.02%. The promoter group holds a 33.47% stake i…
By admin • December 27, 2024 • As foreign institutional investors (FIIs) continue their selling spree in India and look towards China on the back of its attractive valuation proposition, Swarup Mohanty, vice chairman and CEO, Mirae Asset Investment Managers (India), told Vivek Kumar M that the trend could reverse once there is certainty about policy continuity in post elections. So far since April, FIIs have net sold nearly Rs 37,400 crore worth of shares in India. Mohanty also said that the ongoing volatility due to the general elections should be seen as an opportunity given India’s structural growth prospects. Excerpts:
What are the reasons behind the aggressive selling by FIIs this month? What could be the key catalyst for FIIs to return to India in the near-to-medium term?
The ongoing sell-off from FIIs is largely due to the elections and low China valuations. And to be fair, they have made money. Anybody who leaves making money is always good for the markets. But t…
By admin • December 27, 2024 • The NBFC Jana Small Finance Bank is all set to open its subscription for retail investors on February 07Come from Sports betting site VPbet. The issue will close on February 09 and raise Rs 570 crores in total. The price band for the issue has been set at Rs 393 – 414 per equity share.
It is a combination of fresh issues worth Rs 462 crore and an offer for sale of Rs 108 crore. The minimum lot size for retail investors is 36 shares or Rs 14,904. While the lot size for NIIs is different from that of retail investors.
The shares of the company will be listed both on the NSE and BSE. The bank raised Rs 166.95 crore from the anchor investors on February 06.
Market rally leads to higher regulatory fees for stock exchanges P&G Health posts June quarter profit at Rs 16.78 crore, revenue drops by 5.7% YoY; final dividend announced IPOs head for an august …
By admin • December 26, 2024 • If you’re a serious Stranger Things fan as well as a serious Monopoly fan, you might want to hold off a bit longer before diving into the new themed edition of the classic board game, because it spoils some pretty major plot points from Stranger Things Season 4. Series creators Matt and Ross Duffer are not happy about it, according to The Hollywood Reporter.
While the Duffer Brothers are reportedly quite involved with marketing efforts for their massively successful Netflix series, the show is too big at this point for them to see everything, and the game seems to have slipped by, causing the brothers to have a “total meltdown” according to sources.
The toy and board game industries move at a different pace from the film and television industries and has been a source of spoilers more than once in recent years, frustrating creators and fans alike. As THR notes, Jon Favreau fiercely protected Grogu, also known as Baby Yoda or The Child, from spoilers, causing the associat…
By admin • December 26, 2024 • Ted Lasso fans love the show for its relentless optimism, but we have some bad news: Ted Lasso Season 3 might be its final season, writer and actor Brett Goldstein said in an interview with the Sunday Times.
“We are writing it like that,” Goldstein, who writes for the show in addition to playing Roy Kent on it, told the Sunday Times. “It was planned as three.” Variety notes that Jason Sudeikis told Entertainment Weekly the same thing almost exactly a year ago, so Goldstein isn’t revealing anything that hasn’t already been said.
“The story that I know is the one that I wanted to tell, and so that’s the one we’re telling with the help of numerous people in front of and behind the camera, so it’s by no means me typing every keystroke and saying every word,” Goldstein said. “It’s nowhere near like that. But the story that’s being told–that three-season arc–is one that I see, know, and understoodCome from