Ambani details succession plan; Retail to Isha, Energy to Anant

Aug 29, 2022 | 4:11 pm

Billionaire Mukesh Ambani on Monday laid bare the succession plan at India's most valuable company, identifying twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit. He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership as before". At the annual shareholders' meeting [...]

7 Stocks that will start trading Ex-Dividend this week; Are you holding any?

Aug 29, 2022 | 3:45 pm

Dividends have been a passive source of income for many. Investors make money from dividends even when stocks are trading sideways or are showing a downtrend. In this highly volatile market, here is a list of companies that are going to start trading ex-dividend this week:  Power Finance Corporation Ltd  Ex-dividend date: September 1st, 2022 Dividend [...]

PSU stock jumps 15% today to reach its all time high despite market fall

Aug 29, 2022 | 3:05 pm

The shares of Mazagon Dock Shipbuilders Limited opened at Rs 344 on Monday and rose by approximately 15 per cent to reach its new All time high of Rs 399 in the early trading hours. The stock has gained more than 27 per cent in the last five days. In the span of a month, [...]

Market Crashed upto 2.1% today; Check what analysts have to say

Aug 29, 2022 | 2:59 pm

The BSE Sensex tanked more than 1300 points or 2.23 per cent on Monday, opening at 57524.27 points. Similarly, the NSE Nifty 50 opened at 17181.90 points, down 377.00 points or 2.15%. However, the markets recovered later during the morning session. The Sensex was down 740.36 points (1.26 per cent) at 58,093.51, while the Nifty [...]

Top Stock Picks: 10 Stocks to BUY for a potential upside of upto 78%

Aug 29, 2022 | 2:02 pm

The market bled on Monday as the Sensex was down 1,210.62 points or 2.06% to open at 57623.25, and the Nifty was down 361.50 points or 2.06% and started at 17197.40.  Amid the highly volatile markets, here are some stocks which are suggested by brokers for an upside of up to 78%:  Reliance Industries Ltd  [...]

Multibagger EV Stock delivers more than 2,600% returns in a year; Wants to compete with TATA

Aug 29, 2022 | 12:55 pm

Gensol Engineering Ltd has witnessed increased investor interest as the stock skyrocketed 2,621.93 per cent in the past year. Until the end of last year, the company was relatively less known. It was a solar consultant and an operator of a fleet of electric cabs. Then it kicked off its plan to manufacture electric vehicles. [...]

Akasa Air suffers data breach

Aug 28, 2022 | 7:10 pm

Akasa Air, which started operations less than a month ago, has suffered data breach resulting in certain customer information being accessed by unauthorised individuals. The airline on Sunday apologised for the data breach and said the incident has been "self-reported" to the nodal agency, the Indian Computer Emergency Response Team (CERT-In). Akasa Air also said [...]

Stocks to Watch: Upcoming Dividends, Bonuses, Stock Splits, and More

Aug 28, 2022 | 6:16 pm

Market barometers BSE Sensex and NSE Nifty 50 jumped on Friday backed by gains across sectors. Financial, IT and FMCG Sectors were some of the biggest contributors to the rise in both indices. The BSE Sensex closed in the green at 58833.87 points as it gained 0.10% or 59.15 points. Similarly, the Nifty 50 quoted [...]

3 Multibagger stocks are coming up with a stock split next week; Do you own any?

Aug 28, 2022 | 11:45 am

A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Generally, a stock split is taken as a sign that the company is thriving for which the stock prices have increased. So to make it more affordable for the investors, the stock is split.  Here are three [...]

Diesel export falls 11% in July on levy of windfall profit tax

Aug 28, 2022 | 11:28 am

India's diesel exports fell by 11 per cent in July and overseas shipment of petrol dropped by 4.5 per cent after the government slapped a windfall profit tax on such sales, official data showed. Diesel exports dropped to 2.18 million tonnes in July from 2.45 million tonnes a month back, data from the Oil Ministry's [...]

Weekly Recap: Titan’s Expansion plan, NDTV’s acquisition, Liquor maker halts sales and More

Aug 27, 2022 | 2:30 pm

The headline gauges were on shaky grounds on Monday. The BSE Sensex lost 0.99% or 591.85 points during early trades and was at 59,054.30. At the same time, the Nifty 50 lost 117.20 points or 1.00% and was quoting at 17581.25 points. On Friday’s closing bell, benchmark indices managed to hold on to the green. [...]

Tata Group stock gets a BUY call with a potential upside of up to 38%

Aug 27, 2022 | 12:45 pm

The shares of Tata Motors Limited were trading 2.3 per cent up at Rs 469 levels in the early trading hours on Friday. In a month the stock has zoomed by more than 6.5 per cent. However, so far this year the stock has been volatile and shed more than 5 per cent YTD.  In [...]

4 Multibagger stocks with high promoter holdings; Do you own any?

Aug 26, 2022 | 7:00 pm

The shares held by a promoter refer to promoter holdings or promoter stake. The stake that promoters hold in a company plays a very important role in the success and growth of a company. Promoters are usually at the top level of management of the company. Therefore when their stake is high or is increasing, [...]

Karnataka mining: SC raises ceiling limit of iron ore mining for three districts

Aug 26, 2022 | 6:12 pm

The Supreme Court on Friday raised the ceiling limit of iron ore mining for Ballari, Chitradurga, and Tumakuru districts in Karnataka, saying conservation of the ecology and environment must go hand in hand with the spirit of economic development. The apex court raised the ceiling limit of iron ore mining from 28 MMT to 35 [...]

Inflation trajectory heavily contingent on geopolitical developments: RBI Dy Guv

Aug 26, 2022 | 6:08 pm

Inflation trajectory continues to be "heavily contingent" upon the evolving geopolitical developments, international commodity prices and global financial sector developments, Reserve Bank Deputy Governor Michael Debabrata Patra has said. The RBI on its part has front-loaded monetary policy response, with a cumulative 140 basis points increase in the benchmark rate so far with an aim [...]

Syrma SGS Technology shares jump over 42% in debut trade

Aug 26, 2022 | 4:45 pm

Syrma SGS Technology shares ended with over 42 per cent premium in the debut trade on Friday against the issue price of Rs 220. The stock made its debut at Rs 262, a jump of 19.09 per cent from the issue price on the BSE. During the day, it zoomed 42.90 per cent to Rs [...]

BUY this Rakesh Jhunjhunwala stock for an upside of more than 55%

Aug 26, 2022 | 4:12 pm

The shares of NCC ltd, a late Rakesh Jhunjhunwala stock, increased by 0.8 per cent on Friday to close at Rs 69. In a month, the stock has gained more than 22 per cent. However, in the first eight months of 2022, the stock has been very volatile and shed approximately 3.5 per cent.  In [...]

PNB to sell NPA account Apollo Distilleries & Breweries

Aug 26, 2022 | 4:05 pm

State-owned Punjab National Bank (PNB) has put up for sale its NPA account Apollo Distilleries & Breweries with loan outstanding of nearly Rs 44 crore due against the company. Inviting asset reconstruction companies (ARCs) to put their bids for transferring the loan account of Apollo Distilleries & Breweries, the city-based lender said it will expedite [...]

Sequoia Capital reduces holding in Zomato

Aug 26, 2022 | 2:58 pm

Venture capital firm Sequoia Capital has reduced its holding in Zomato Ltd to 4.4 per cent after selling shares in open market, according to a regulatory filing by the online food delivery platform. Sequoia Capital had held a 6.41 per cent stake in Zomato before the sale. In a regulatory intimation by Sequoia Capital filed [...]

Tata Group stock hits upper circuit of 10% after collaboration with Intelsat

Aug 26, 2022 | 1:33 pm

The shares of Nelco Limited opened 9 per cent higher at Rs 845 on the last trading day of the week as against the previous close of Rs 778. In the early trading session, the stock was locked in an upper circuit of 10 per cent at Rs 856.  The rally started after the Satellite [...]

Syrma SGS Technology shares debut with 19% premium

Aug 26, 2022 | 11:25 am

Syrma SGS Technology stock made its market debut with a 19 per cent premium on Friday against the issue price of Rs 220. The stock made its debut at Rs 262, a jump of 19.09 per cent from the issue price on the BSE. Later, it zoomed 33.18 per cent to Rs 293. At the [...]

HDFC Bank to acquire 9.94% stake in Go Digit Life Insurance

Aug 26, 2022 | 10:53 am

The country's largest private sector lender HDFC Bank on Thursday said it will pick up 9.94 per cent stake in Go Digit Life Insurance Ltd. HDFC Bank on August 24, 2022 has entered into an indicative and non-binding term sheet with Go Digit Life Insurance Limited, which summarises the principal terms of a proposed investment, [...]

Adani launches Rs 31,000 cr open offer for ACC, Ambuja Cements

Aug 26, 2022 | 10:46 am

Adani group on Friday launched its Rs 31,000-crore open offer to acquire 26 per cent additional stake from the public shareholders of Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements. In May this year, the Adani Group had announced that it had clinched a deal to acquire a controlling stake in [...]

BNP Paribas Arbitrage offloads PVR shares worth Rs 74 crore

Aug 26, 2022 | 9:00 am

BNP Paribas Arbitrage on Thursday offloaded 4.05 lakh shares of multiplex film exhibition company PVR Ltd for more than Rs 74 crore through an open market transaction. According to bulk deal data available with BSE, BNP Paribas Arbitrage sold 4,05,183 shares of the company. The shares were disposed of at an average price of Rs [...]

DreamFolks Services IPO receives 6 times subscription on Day 2 of offer

Aug 25, 2022 | 6:40 pm

The Initial Public Offer (IPO) of airport service aggregator DreamFolks Services received 6.09 times subscription on the second day of the offer on Thursday. The IPO received bids for 5,77,86,948 shares against 94,83,302 shares on offer, according to data available with the NSE. The quota for Retail Individual Investors (RIIs) was subscribed 19.10 times, the [...]

Sensex snaps two day rising streak on fag end sell-off; IT, finance stocks weigh

Aug 25, 2022 | 5:17 pm

Equity benchmarks capitulated in the last hour of trade on Thursday to break their two-session winning run, with IT, finance and bank stocks playing spoilsport amid expiry of monthly derivative contracts. A weakening rupee also weighed on sentiment, traders said. After remaining in the positive territory for most part of the session, the 30-share BSE [...]

Top Stock Picks: 5 Fundamentally strong stocks below ₹ 100

Aug 25, 2022 | 5:00 pm

The trading session on Thursday remained volatile as the Bulls locked horns with the bears. The benchmark indices extended their move and ended in the green. The S&P BSE Sensex added 54 points or 0.9% to settle at 59,085 while the NSE Nifty 50 index jumped 27 points or 0.16% to close at 17,604.  During [...]

Sugar export may decline 28.57% to 8 mn tonnes in next season: Official

Aug 25, 2022 | 3:16 pm

The country's sugar exports are likely to decline by 28.57 at around 8 million tonne in the 2022-23 season on expected lower opening balance stock and higher diversion for ethanol, according to a senior food ministry official. However, whether to permit export under an open general licence or the prevailing quota system will be decided [...]

Govt puts restrictions on export of wheat flour

Aug 25, 2022 | 3:15 pm

The government on Thursday decided to put restrictions on the export of wheat flour to curb rising prices of the commodity. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi here. The decision of the Cabinet "will now allow to put a restriction [...]

Multibagger stock with 169% returns hits 52 week high today

Aug 25, 2022 | 2:02 pm

The shares of ELGI Equipment surged more than 3% in the early trading hours of Thursday to reach a new 52-week high of Rs 491. The stock has surged by more than 12 percent in the last five days. In the span of a month, the stock has zoomed by more than 32 percent.  A [...]

Bharti Telecom to buy 3.33% Airtel stake from Singtel for Rs 12,895 cr

Aug 25, 2022 | 1:30 pm

Bharti Airtel promoter Bharti Telecom will buy a 3.33 per cent Airtel stake from Singtel for 2.25 billion Singapore dollars or about Rs 12,895 crore in 90 days' time, the telecom operator said on Thursday. Bharti Group chairman Sunil Bharti Mittal's family and Singtel are co-investors in Bharti Telecom (BTL). Singtel in a statement said [...]

NDTV shares gain 5%; hit upper circuit

Aug 25, 2022 | 11:10 am

Shares of NDTV Ltd continued to climb for the second consecutive day on Thursday and touched the upper circuit limit of Rs 407.60 on the National Stock Exchange amid the Adani group making an offer to take over the media firm. On NSE as well as BSE, the scrip jumped 5 per cent in opening [...]

Sebi approval required to acquire NDTV promoters stake in holding firm RRPR: Filing

Aug 25, 2022 | 11:06 am

Approval from market regulator Sebi is "necessary" for Adani group firm Vishvapradhan Commercial Private Ltd to acquire interests in NDTV's promoter entity RRPR Ltd against an unpaid loan, a regulator filing said on Thursday. The Securities and Exchange Board of India (Sebi) on November 27, 2020, restrained the founder-promoters Prannoy and Radhika Roy "from accessing [...]

Home Ministry, railways, banks get maximum corruption complaints in 2021: CVC’s annual report

Aug 25, 2022 | 8:53 am

The Union Home Ministry, railways and banks have got maximum number of corruption complaints against their employees last year, according to the Central Vigilance Commission (CVC) latest annual report, which was made public on Wednesday. Of the total of 1,09,214 complaints received against all category of officers/employees, a highest of 37,670 were against the Ministry [...]

Multibagger Telecom Stock jumps 152% in 13 days to reach its all time high

Aug 24, 2022 | 6:55 pm

The shares of Advait Infratech Limited were trading at a fresh 52-week high of ₹474.30. They are currently locked at an upper circuit of 4.99%. Advait Infratech Limited operates in various verticals such as turnkey telecommunication projects, installation of power transmission, substation and telecom products, liasioning – marketing and providing end-to-end solutions to the customers. [...]

FII turn net buyers after dumping $27 billion worth of equities over the last 6 months

Aug 24, 2022 | 6:45 pm

The first half of the year 2022 saw a massive sell-off by Foreign investors. Instances when American PE firm KKR sold its entire 27% holding in Max Healthcare for ₹9,185 crores and Uber sold its entire 7.78% stake in Zomato for ₹3,088 crores showcased the loss of their interest in Indian markets.  However, after months, [...]

Adani group stocks end on mixed note

Aug 24, 2022 | 6:42 pm

Adani group stocks ended on a mixed note on Wednesday, a day when the broader market also depicted a volatile trend. Shares of Adani Enterprises jumped 3.74 per cent, Adani Transmission advanced 2.97 per cent, and Adani Ports and Special Economic Zone gained 0.40 per cent on the BSE. On the other hand, Adani Power [...]

Banking sector at enormous risk of asset-liability mismatch: Pronab Sen

Aug 24, 2022 | 5:12 pm

India's banking sector is faced with the predicament of a "massive asset-liability mismatch" that could explode anytime, adding that there is a need to reassess laws governing the industry, renowned economist Pronab Sen said. Sen said "that explosion" has not yet happened as most of the banks are in the public sector. Explaining the situation, [...]

5 Smallcap stocks that hit upper circuit of 20% today

Aug 24, 2022 | 4:40 pm

Indian shares were flat in choppy trading on Wednesday as the markets experienced volatility. The BSE Sensex ended 54 points or 0.09% higher to close at 59,085 while the NSE Nifty jumped by 27 points or 0.16% higher at 17,604.  Amid the volatility, here are some stocks which have spiked by 20 per cent on [...]

TVS to acquire 48% stake in Narain Karthikeyan two-wheeler startup DriveX

Aug 24, 2022 | 4:28 pm

TVS Motor Company on Wednesday said it will acquire 48 per cent stake in Narain Karthikeyan’s pre-owned two-wheeler startup 'DriveX' for a consideration of Rs 85 crore. The company said it will acquire 48.27 per cent stake in NKars Mobility Millennial Solutions Pvt Ltd (NMMSPL), which operates under the brand ‘DriveX’, through primary and secondary [...]

RK Damani smallcap stock jumps 75% in 2 months; ICICI securities sees further upside

Aug 24, 2022 | 3:55 pm

Astra Microwave Products Ltd, part of the aerospace and defence sector shot up more than 75% in the past two months and has doubled investors’ money in one year by giving multibagger returns.  Ace Investor Radhakishan Damani holds 896,387 shares in the company which is equal to a 1% stake. The value of these shares [...]

Will Adani Group try to hostile takeover this multibagger company?

Aug 24, 2022 | 1:45 pm

Adani enterprise has made a move to acquire a controlling stake in the oldest news network NDTV Ltd in a hostel takeover. The announcement came on the same day when CreditSights, a Fitch Group unit, said that the Adani group is ‘Deeply Overleveraged’ and might spiral into a ‘massive debt trap’.  The hostile takeover involves [...]

Stocks to BUY: 3 Blue chip stocks which have huge upside potential

Aug 24, 2022 | 12:35 pm

Blue chip companies are those companies that are well-established, stable and recognized. Investors consider investments in these companies to be stable and reliable. These companies usually sell high-quality, widely accepted products and services and are known to operate profitably in the face of adverse economic conditions. Here are three blue chip companies in which brokerages [...]

IT dept issues prosecution notice to Anil Ambani for holding secret funds in 2 Swiss bank accounts

Aug 23, 2022 | 7:45 pm

The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts. The department has charged Ambani, 63, with "wilful" evasion, saying he "intentionally" did not [...]

ICICI Securities sees a 29% upside in this jewellery stock ahead of festive season

Aug 23, 2022 | 4:55 pm

The jewellery sector is shining bright as the sales have picked up after the pandemic and as the festive season is nearing. Analysts believe that a re-rating is on the cards as gold prices soften. Kalyan Jewellers India Ltd posted strong earnings for the March to June quarter. The company saw robust momentum in both [...]

P&G Hygiene and Health Q4 Results: Profit after tax dips 13.12% to Rs 42.55 cr

Aug 23, 2022 | 4:45 pm

FMCG products maker Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported a 13.12 per cent decline in Profit After Tax (PAT) at Rs 42.55 crore during the fourth quarter ended June 30, on account of rising commodity costs. The company, which follows July-June financial year, had reported a PAT of Rs 48.98 [...]

Pharma industry expects to report 7% to 9% revenue growth in FY23

Aug 23, 2022 | 4:45 pm

Domestic pharma industry is expected to report moderate revenue growth of 7-9 per cent in the current fiscal, due to headwinds in export sales in the regulated markets and high-base effect in the domestic formulations business, as per rating agency CRISIL. Operating profitability will shrink another 200-250 basis points (bps) after the 130 bps decline [...]

SpiceJet scouting for funds from airlines, external parties; plans to add 7 planes by Dec end: Ajay Singh

Aug 23, 2022 | 3:50 pm

SpiceJet is looking for investments from external parties, including airlines, and also plans to add seven more Boeing planes to its fleet, the carrier's chief Ajay Singh said on Tuesday. In recent times, SpiceJet has faced turbulence -- especially with many of its flights suffering technical snags -- and subsequently, the airline has faced actions [...]

NSE cautions investors against assured return products

Aug 23, 2022 | 3:40 pm

The National Stock Exchange (NSE) on Tuesday warned investors not to fall prey to investment plans with guaranteed returns offered by entities Real Trader and Groww Stock. The exchange pointed out that these entities are not registered either as a member or authorised person of any registered member of the NSE. The cautionary statement comes [...]

Govt plans to auction 17 non operational mines surrendered by PSUs

Aug 23, 2022 | 3:38 pm

The government plans to put on auction 17 mines surrendered by public sector undertakings which could not put the blocks into operation, Coal and Mines Minister Pralhad Joshi said on Tuesday. The statement comes in the wake of the government making efforts to ramp up domestic coal production to ensure adequate availability of dry fuel [...]

Multibagger stock with more than 600% returns is coming up with a stock split next week

Aug 23, 2022 | 3:15 pm

A year ago the shares of Alfavision Overseas India were trading at Rs 38 a piece on BSE From there it has spiked up to the current levels of Rs 278 thereby delivering a multibagger return of 619 per cent.  In the last five days, the stock has added more than 13 per cent and [...]

Adani Group stocks down as reports suggest it can spiral into a Massive Debt Trap

Aug 23, 2022 | 2:27 pm

The Indian benchmarks opened on a negative note on Tuesday. The Sensex was down 361.86 points or 0.62% and opened at 58412.01, and the Nifty was down 114.70 points or 0.66% to open at 17376.  The bears also crippled the Adani group stocks as all the seven listed companies under the group were trading in [...]

Consumer Food stock tanks 7% on Block Deal; Motilal Oswal sees a 20% upside

Aug 23, 2022 | 12:45 pm

The shares of Devyani International (DIL) tanked 7% to ₹ 182.50 on the BSE on Tuesday’s intra-day trade. Mauritius-based Dunearn Investments Pte Ltd is planning to sell a 2.4% stake in the quick service restaurants chain operator. Dunearn Investments Pte Ltd was among the public shareholders of the company and it holds a 16.26% stake [...]

RBL Bank to raise Rs 3,000 crore

Aug 23, 2022 | 8:45 am

RBL Bank on Monday said its board has approved raising up to Rs 3,000 crore to fund the lender's business growth. The fund raising will be subject to the approval of the shareholders, the bank said in a regulatory filing. Besides, the board has approved issuance of 1.75 crore additional equity stock options exercisable into [...]

DHFL bank fraud: Court denies bail to businessman in Rs 34,615 crore scam

Aug 23, 2022 | 8:12 am

New Delhi, Aug 22 (PTI) A Delhi court has denied bail to businessman Ajay Ramesh Nawandar in a Rs 34,615-crore bank fraud case involving Dewan Housing Finance Limited (DHFL), on account of his possible influence on both evidence and witnesses. The court held that the accused was prima facie complicit at some stage in the diversion [...]

Sukhmal Jain takes over as Director (Marketing) of BPCL

Aug 22, 2022 | 6:22 pm

State-owned Bharat Petroleum Corporation Ltd (BPCL) on Monday announced the appointment of Sukhmal Jain as its director for marketing. Prior to his elevation to the board, he was the Executive Director Incharge (Marketing Corporate) in the Corporate Office and before that the head of Gas Business Unit, the firm said in a statement. A Mechanical [...]

3 Smallcap stocks that hit upper circuit of 20% today

Aug 22, 2022 | 5:50 pm

Small-cap companies are those that have a market capitalization of less than ₹ 5,000 crores. As the name suggests, these companies are relatively small in size but have significant growth potential. However, SEBI’s rules state that all the companies that are ranked from the 251st position onwards in terms of market capitalization are automatically categorised [...]

Media stock gains 17% intraday to reach a fresh 52-week high

Aug 22, 2022 | 5:36 pm

The share price of D B Corp, a media and entertainment company escalated to hit a fresh 52-week high of ₹112.00 apiece. The shares of the company gained a whopping 17% as compared to their previous close of ₹ 95.6 apiece on the National Stock Exchange. Further, they gained 33.83 % in the past month [...]

6 Stocks that will turn Ex-dividend this week; Are you holding any?

Aug 22, 2022 | 3:25 pm

On Monday afternoon, The Sensex was down 711.89 points or 1.19% at 58934.26, and the Nifty was down 216.50 points or 1.22% at 17542.  Amid the volatility in the market, dividends are considered to be a passive source of income. Here are some stocks that will trade ex-dividend this week:  Jubilant Ingrevia Limited  The Stock [...]

Midcap Pharma stock reaches 52 week low; Brokerage sees 34% upside

Aug 22, 2022 | 2:12 pm

Sanofi India Ltd’s share price took a beating in response to litigation threats and a cancer drug development setback. The finance chief of the pharmaceutical company said on Wednesday that a decline was strongly exaggerated and posed a buying opportunity for savvy investors. Sanofi India is engaged in the business of manufacturing and sale of [...]

Adani Group makes an open offer to buy stake in Ambuja and ACC; Check the offer details

Aug 22, 2022 | 1:28 pm

The shares of Adani Enterprises Limited have been in the buzz for quite some time now as the stock has been making and breaking multiple record highs. On Monday, despite the volatile markets, Adani Enterprises shares gained 1.4% till 11.40 am and were trading at Rs 3,171 levels.  The stock has been rallying as the [...]

Smoke detected in cargo hold, IndiGo flight makes priority landing at Kolkata airport

Aug 22, 2022 | 8:15 am

An IndiGo flight made a priority landing at Kolkata airport on Sunday morning after smoke was detected in the cargo hold of the plane, officials said. The flight, 6E 2513, was flying with 165 passengers and six crew members from Delhi to Kolkata, they said. The plane was scheduled to land at Kolkata airport at [...]

Tata Group stock delivers multibagger returns of more than 10,000% and turns ₹1 lakh to ₹1.03 crores!

Aug 21, 2022 | 9:20 pm

The shares of Trent Limited, a Tata Group company gave multibagger returns in the past 22 years as its share price surged from ₹ 13.42 apiece to ₹ 1395.60. A few investors remain invested in companies because they buy shares and tend to hold them for a long period. If an investor would have invested [...]

Weekly Market Recap: WPI inflation falls, Cement sector under pressure and More!

Aug 21, 2022 | 1:05 pm

Domestic benchmark indices opened in the green on Tuesday after a long weekend. The markets were closed on Monday due to Independence Day celebrations. The Sensex was up nearly 400 points or 0.67% at 59,850, while the NSE Nifty 50 added 133 points or 0.76% to breach 17,800 levels. The markets made a sharp U-turn [...]

2 Fundamentally strong stocks to BUY for an upside of up to 65%

Aug 21, 2022 | 12:50 pm

Headline gauges BSE Sensex and NSE Nifty 50 closed in the red on Friday amid a volatile session. The gains in the iT shares were offset by the losses in oil & gas and financial shares. Broder markets gave up initial gains during the day. Here are two shares that brokerages have recommended for an [...]

Global trends, investment pattern of FIIs to direct market movement this week: Analysts

Aug 21, 2022 | 11:15 am

With no major domestic market moving triggers this week, equities would continue to look at global factors, foreign fund movement and trend in the rupee for further direction, analysts said. "This week we have the August month F&O expiry where bulls are looking for rest after a gain in the August series," said Santosh Meena, [...]

Ladakh rolls out EV policy with subsidies to encourage buyers

Aug 20, 2022 | 7:15 pm

The Union Territory of Ladakh has announced a new electric vehicle policy with subsidies to encourage the citizens to procure e-vehicles in order to create a carbon-neutral future, an official spokesman said on Saturday. Ladakh’s Electric Vehicle and Allied Infrastructure Policy aims to transform the UT into a torch bearer in terms of the adoption [...]

Adani to launch open offer for ACC and Ambuja Cements on August 26

Aug 20, 2022 | 7:12 pm

The Adani Group is likely to launch next week an open offer worth Rs 31,000 crore to acquire 26 per cent stake each in Swiss firm Holcim's two Indian listed entities Ambuja Cements and ACC, from public shareholders. In May this year, the Adani Group announced that it has clinched a deal to acquire a [...]

2 Monopoly stocks to BUY with huge upside potential; Do you own any?

Aug 20, 2022 | 7:10 pm

Companies do better and get good margins in the absence of competition in an industry. Very few companies have true monopolies, but most of them are almost monopolies. They have brand recognition or they have dominance in any particular geography.  Brokerages see an upside in these two companies that enjoy strong monopolies in their category: [...]

Is this Auto stock up for a turnaround? What should investors do?

Aug 20, 2022 | 2:50 pm

The share of Hero Motocorp has given a negative return of more than 29% in the past 5 years. It was trading at ₹ 2,867 per share as of 11:30 IST on Friday. Back in August 2017, it used to trade near ₹ 4,000. During the same period, Bajaj Auto and TVS clocked a return [...]

RBL Bank cuts stake in Kilburn Engineering

Aug 20, 2022 | 9:11 am

RBL Bank has further brought down its shareholding in Kilburn Engineering by selling an additional 2.92 per cent stake through stock exchanges. The bank has further sold 10,00,000 equity shares representing 2.92 per cent of the paid-up share capital of Kilburn Engineering Ltd, RBL Bank said in a regulatory filing on Friday. The private sector [...]

CAMS promoter entity pares 3.79% stake for Rs 428 crore

Aug 20, 2022 | 8:52 am

Computer Age Management Services Ltd (CAMS) promoter entity on Friday divested a 3.79 per cent stake in the IT services company, garnering Rs 428 crore through an open market transaction. Great Terrain Investment Ltd offloaded a total of 18.55 lakh shares, amounting to a 3.79 per cent stake in the company, as per bulk deal [...]

Insured assets worth Rs 150 crore affected in fire at Neemrana unit: Havells

Aug 19, 2022 | 4:30 pm

Assets worth Rs 150 crore, which were fully insured, were affected in the massive fire at its Neemrana-based manufacturing unit, said consumer electrical goods manufacturer Havells India. On July 27, a massive fire had broken out at Havells factory at Neemrana in Rajasthan's Alwar district. There was no human loss/injury and the entire building, plant [...]

Sensex, Nifty fall over 1% as bulls take a breather

Aug 19, 2022 | 4:20 pm

Equity benchmarks fell on Friday after a continuous rally, with the Sensex and Nifty declining over 1 per cent each amid profit-taking and weak global market trends. The 30-share BSE Sensex, which had started the trade on a firm note, later gave up all the early gains and ended 651.85 points or 1.08 per cent [...]

Tata Group stock jumps 5% and reaches an all time high; Analysts expect more upside

Aug 19, 2022 | 1:35 pm

The shares of Tata Chemicals surged 5.71% on Friday’s early trades to reach a fresh all-time high of ₹1182.40 apiece on the Bombay Stock Exchange (BSE). The company recently reported strong results for the June quarter.  Tata Chemicals posted overall revenue at ₹ 3995 crores in Q1FY23, up 34% year-on-year, led by strong performance across [...]

Future Enterprises defaults on Rs 12.68 crore interest payment for NCDs

Aug 19, 2022 | 1:20 pm

Debt-ridden Future Enterprises Ltd (FEL) said it has defaulted on payments of interest of two non-convertible debentures totalling Rs 12.68 crore. The due date for payment was August 17, 2022, FEL said in a regulatory filing. "The company is unable to service its obligations in respect of the interest on Non-Convertible Debentures (NCDs) due on [...]

Paint Stocks to BUY with a potential upside of up to 20%; Are you holding any?

Aug 19, 2022 | 12:00 pm

With crude oil prices falling, the shares of paint companies have been buzzing on Dalal Street. The price of Brent crude oil fell by more than 15% in the past month. Higher crude oil prices increase input costs for paint companies Paint companies use crude oil derivatives as raw materials and this accounts for about [...]

Gold imports up 6.4% to USD 13 billion in April-July this fiscal

Aug 19, 2022 | 11:25 am

India's gold imports, which have a bearing on the country's Current Account Deficit (CAD), rose 6.4 per cent to USD 12.9 billion during April-July this fiscal due to healthy demand, according to government data. The imports stood at USD 12 billion during the same period a year ago. In July 2022, however, imports of the [...]

Govt hikes windfall profit tax on export of diesel; cuts tax on domestic crude oil

Aug 19, 2022 | 10:05 am

The government on Thursday hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports, but slashed the levy on domestically produced crude oil in line with softening rates. At the third fortnightly review, the government raised the windfall profit tax on [...]

American Balanced Fund offloads 2.9 crore shares of Embassy Office Parks REIT worth Rs 1,046 crore

Aug 19, 2022 | 9:59 am

American Balanced Fund on Thursday offloaded 2.9 crore shares of real estate investment trust Embassy Office Parks REIT for Rs 1,046 crore through an open market transaction. According to the bulk deal data available with BSE, American Balanced Fund sold 2,92,62,468 shares of the company. The shares were disposed of at an average price of [...]

Syrma SGS Tech IPO subscribed 32.61 times on final day

Aug 18, 2022 | 7:36 pm

The Initial Public Offer (IPO) of Syrma SGS Technology was subscribed 32.61 times on the final day on Thursday. The Rs 840 crore-IPO received bids for 93,14,84,536 shares against 2,85,63,816 shares on offer, according to NSE data. The category for Qualified Institutional Buyers (QIBs) received 87.56 times subscription, non institutional investors was subscribed 17.50 times [...]

Wipro holds back employees variable pay due to pressure on margins

Aug 18, 2022 | 7:35 pm

IT company Wipro has held back variable pay of employees mainly due to pressure on margins, inefficiency in its talent supply chain and investment in technology, according to sources. According to the sources, the company has informed employees in an email about the cut in variable pay. Two sources aware of the development told PTI [...]

Elevated inflation warrants appropriate policy response, says RBI

Aug 18, 2022 | 6:40 pm

Inflation is persistently at elevated levels that warrants appropriate policy responses to anchor expectations going forward, said an RBI article published on Thursday. Retail inflation based on the consumer price index (CPI) softened to 6.71 per cent in July, mainly on account of moderation in food prices. The Reserve Bank has increased the benchmark lending [...]

SpiceJet, Credit Suisse AG tell SC they resolved financial dispute

Aug 18, 2022 | 6:40 pm

SpiceJet and Swiss firm Credit Suisse AG Thursday told the Supreme Court about the resolution of their financial dispute which led to the withdrawal of an appeal by the low-cost airline against a Madras High Court verdict which had ordered its winding up due to alleged non-payment of dues to the Swiss firm. "There is [...]

Sensex maintains momentum for fifth day; Nifty nears 18k

Aug 18, 2022 | 5:49 pm

Equity benchmark Sensex ticked higher for the fifth straight session on Thursday, helped by fag-end buying in select blue-chip stocks amid a largely negative trend in global markets. A depreciating rupee and rising crude prices in the international market capped the gains in domestic equities, traders said. In a largely choppy session, the 30-share BSE [...]

Stocks to BUY: 2 Blue chip stocks with huge upside potential

Aug 18, 2022 | 4:50 pm

Blue Chip companies are large and well-recognized companies with an excellent reputation. They are financially sound and have operated for many years. They have dependable earnings and often pay huge dividends to investors. Brokerages are bullish on these blue chip stocks and they see an upside of up to 27%: ICICI Bank The shares of [...]

Zomato shares surge 70.57%; Should you Buy, Sell or Hold?

Aug 18, 2022 | 1:35 pm

The shares of food aggregator Zomato Limited have been on an uptrend after hitting their 52- week low of ₹ 40.60 in July this year. Its share price plummeted as market participants expected a huge sell-off after the expiry of the one-year lock-in period for its promoters and early investors.  Zomato’s shares have risen from [...]

Dmart has started selling pizzas, and is opening more stores! What is the impact on its share price?

Aug 18, 2022 | 1:30 pm

Ace Investor Radhakishan Damani’s supermarket chain Dmart (Avenue Supermarts Ltd) plans to boost its store count five-fold. The retail chain plans to grow its market share and compete with the likes of Mukesh Ambani’s Reliance Retail Ltd. which is expanding aggressively. In addition, it is planning to scale up its online business, Dmart Ready. Avenue [...]

DoT gets Rs 17,876 cr from telecom operators as upfront payment for 5G spectrum

Aug 18, 2022 | 8:30 am

The Department of Telecom has received upfront payment of around Rs 17,876 crore from Bharti Airtel, Reliance Jio, Adani Data Networks and Vodafone Idea for spectrum they won in a recent auction, according to sources. While all telecom operators have opted to make payments in 20 annual installments, Bharti Airtel has paid Rs 8,312.4 crore [...]

Vikram Solar gets Sebi nod to mop up funds via IPO

Aug 17, 2022 | 5:42 pm

Vikram Solar has received capital markets regulator Sebi's go ahead to raise funds through an initial public offering (IPO). The IPO consists of a fresh issue of up to Rs 1,500 crore and an Offer-for-Sale (OFS) of up to 50 lakh equity shares by the selling shareholders. Vikram Solar, which filed preliminary IPO papers with [...]

Multibagger stock with 310% returns will start trading Ex-split tomorrow

Aug 17, 2022 | 5:40 pm

The shares of Mangalam Global Enterprise Limited opened at Rs 206 on Wednesday as against its previous close of RS 203. Till 11.30 am the shares had climbed 2.7% and were trading at Rs 209. In the last five days, the stock has climbed by more than 13%. So far this year, the stock has [...]

Britain’s inflation hits 40 year high as food prices soar

Aug 17, 2022 | 5:30 pm

Britain's rate of inflation has surged to a new 40-year high as the Consumer Prices Index (CPI) rose to 10.1 per cent on Wednesday, with increasing food costs the biggest driver of the latest hike. According to the Office for National Statistics (ONS), annual inflation for essential food items is now running at 12.7 per [...]

FPIs stock holding slips 14% to USD 523 bn in Jun qtr: Report

Aug 17, 2022 | 2:26 pm

The value of the foreign portfolio investors (FPI) holdings in the domestic equities dropped 14 per cent to USD 523 billion in the three months ended June 2022 from the preceding quarter, according to a Morningstar report. This was the third consecutive quarterly decline in the value of FPIs' investments in Indian equities. Foreign investors [...]

Airtel pays Rs 8,312.4 cr to DoT to clear 4 yr instalment in advance for 5G spectrum

Aug 17, 2022 | 1:52 pm

Telecom operator Bharti Airtel has paid Rs 8,312.4 crore to the Department of Telecom towards dues for spectrum acquired in the recently concluded 5G auctions, the company said on Wednesday. With the payment, Airtel has paid four years of 2022 spectrum dues upfront. Airtel said it believes that this upfront payment, coupled with the moratorium [...]

KKR sells 27% stake in Max Healthcare Institute for over Rs 9,100 crore

Aug 17, 2022 | 1:48 pm

The US private equity major KKR on Tuesday sold 27 per cent stake in hospital chain Max Healthcare Institute for Rs 9,185 crore through open market transactions. The shares were picked up by a host of entities, including the Government of Singapore, Monetary Authority of Singapore, Smaller Cap World Fund Inc, New World Fund Inc, WF Asian [...]

Tata Group stock jumps 81% this year and crosses Rs 10,000 mark

Aug 17, 2022 | 12:20 pm

On Friday, Tata Exlsi limited became the first Tata group stock that crossed the 10k mark. In the early trading session on Friday, the stock opened at Rs 9,727 and spiked by 3% to reach its new levels of Rs 10,040.  The rally continued on Tuesday, as the shares opened at Rs 10,438 and zoomed [...]

Rakesh Jhunjhunwala’s last stock pick turns multibagger and surges 43% in 2 days

Aug 17, 2022 | 11:15 am

The shares of Singer India rallied more than 19% in the early hours of trading on Wednesday. As of 10:32 IST, the stock was trading at ₹ 80.75 per share, up 16.85% for the day. In its previous trading session, the stock had its upper circuit. Cumulatively, it has given a return of more than [...]

Promoter BRDN Investment Management sells 5.6% stake in HDFC AMC for Rs 2,300 cr

Aug 17, 2022 | 8:48 am

Promoter BRDN Investment Management, formerly Standard Life Investments, on Tuesday divested its 5.58 per cent stake in HDFC Asset Management Company (AMC) for a little over Rs 2,300 crore through an open market transaction. According to bulk deal data available with the BSE, the promoter sold a total of 1.19 crore shares, representing a 5.58 [...]

Future Consumer defaults on Rs 51.85 cr payment

Aug 16, 2022 | 7:25 pm

Future Consumer Ltd (FCL) has defaulted on the payment of Rs 51.85 crore towards principal and interest due on non-convertible debentures, a regulatory filing said on Tuesday. The default which happened on August 15, 2022, includes an interest amount of Rs 10.73 crore and a principal Amount of Rs 41.12 crore, FCL said a regulatory [...]

Rare Enterprises backed Concord Biotech files IPO papers with Sebi

Aug 16, 2022 | 3:48 pm

Rare Enterprises-backed Concord Biotech has filed draft papers with capital markets regulator Sebi to mop up funds through an initial public offering (IPO). The IPO is entirely an offer for sale of (OFS) of 2,09,25,652 equity shares by Helix Investment Holdings Pte Limited, which is backed by private equity firm Quadria Capital, according to the [...]