BUSINESS
LIC IPO may have left a sour taste for first time investors
LIC shares have fallen 25 percent from the issue price of Rs 949 per share after listing on May 17. The stock has seen an average decline of around 1.3 percent per session in 19 trading sessions. If the anchor investors, a majority of whom are MFs, cut losses, there will be a further slide.
BUSINESS
L&T wishes crude oil prices to return to 'sweet spot' of $80-100/bbl
Global crude oil prices have been on the boil since Russia’s invasion of Ukraine
BUSINESS
India’s IPO market stands firm amid global carnage
India’s primary market has seen 16 companies raise more than Rs 40,942 crore from public investors in the first five months of 2022
BUSINESS
Dalal Street Week Ahead: 10 key factors to watch out for
RBI and ECB meetings will be closely tracked even as investors hotly anticipate economic data pouring out of China, US, and India
BUSINESS
Telecom top three leave Covid woes behind with 19% YoY growth in March quarter revenue
Brokerages believe that the improvement in the ARPU of the sector is only getting started
BUSINESS
Resilience in Q4 masks the growing challenges for FMCG sector in FY23
Some of the sector’s biggest companies sounded hopeful of revival in the second half of 2022-23 in their interaction with analysts following their earnings announcements
BUSINESS
May sees second biggest FPI outflows from Indian stock market
In March 2020, foreign investors net sold domestic stocks worth Rs 62,000 crore as the COVID-19 pandemic gripped the world.
BUSINESS
Boiling crude oil, surging refining margins put energy sector on a high
Domestic crude oil producers and refiners saw their revenues jump 30.5% on-year, and 7.40% on-quarter, in March quarter.
BUSINESS
FMCG, auto stocks rise as early monsoon boosts demand outlook
Livelihood of almost 60 percent of the country’s population depends on agriculture
BUSINESS
Nykaa stock may face pressure from rising operational challenges and looming inflation
ICICI Securities warned that higher inflation could present a challenge for consumer demand in the near term
EARNINGS
Average Nifty 50 stock offers 26% upside after sharp decline in 2022
The upside is from the fair value of the stock, measured by the average of price targets for the counter
BUSINESS
Indian equities raise nearly Rs 2.5 lakh crore from FPIs in 7 years, lose it all in 8 months
The intense and unceasing selling by foreign investors since October was triggered by rising global interest rates, record high inflation in the West, geopolitical crisis in Eastern Europe and growing unattractiveness of Indian stocks for their rich valuations
BUSINESS
Government clips steel sector’s wings at wrong moment
On May 21, the government announced a series of measures to bring down inflation in the country
BUSINESS
Startup claims 'go-between' firm for IPO siphoned off funds
The Jaipur-based company had raised Rs 4.54 crore through a public issue in August 2020
BUSINESS
NTPC Q4 preview | Higher average realisation to boost profitability
NTPC’s revenue from operations is likely to rise 15.2 percent on a year-on-year basis
BUSINESS
Recession cloud looms large over IT sector's digital transformation party
The relatively strong growth guidance given by IT companies for 2022-23 have now come under threat, given the apprehension of the US economy slipping into recession later this year
BUSINESS
Analyst now says 'black magic' market crash claim was 'humour'
Rajkot-based Misnih Patel claimed last week that he spent more than over Rs 8 crore on "Kala-Jadu" to trigger the market fall
BUSINESS
Bharti Airtel Q4 Preview | Consolidated profit may surge 154% sequentially on robust revenue
Tariff hikes undertaken by the sector in the past two years are expected to fully reflect in the March quarter earnings of Bharti Airtel
BUSINESS
A lone bear, black magic and a $235 billion stock market crash
A Rajkot-based stockbroker and research analyst has added an air of mystery to the recent stock market plunge
BUSINESS
Adani group liable for fines slapped on Ambuja Cements and ACC for 'cartelisation'
“We have sold the company with no further indemnification from our side,” Jan Jenisch, chief executive officer of Switzerland-based Holcim, told investors on a call on May 15.
BUSINESS
Sebi to bring in framework to encourage debt market-linked ETFs
Sebi whole-time director Ananta Barua said that the backstop facility will build investors’ confidence in the secondary corporate bond market
BUSINESS
Tata Motors Q4 Preview | Small consolidated profit likely amid choking business conditions
Brokerages were divided on the bottomline performance of the company
BUSINESS
A favourite investing playground of retail investors gives up five years of gains
The Nifty Smallcap 100 index has fallen more than 27 percent from its record high
BUSINESS
Cipla Results Preview | Consolidated net profit may rise 47% on India ops
The company will report its March quarter numbers later today
