BUSINESS
Coforge, Tech Mahindra, other IT shares fall up to 1% as US scraps H-1B lottery
Applications will be weighted in a way that increases the likelihood of approval for foreign professionals offered higher wages and roles requiring more advanced skills
BUSINESS
HFCL shares rise 4% after firm launches QIP at premium; Axis Securities sees up to 126% upside
HFCL’s revenue is expected to grow 20% YoY in FY26E, backed by up strong order book of Rs 9,891 crore, says Axis Securities
BUSINESS
Belrise Industries shares rise up to 13% as promoter Sumedh Tools sells 6.56% stake via block deal
The block deal is worth approximately Rs 900 crore
BUSINESS
Four reasons why Ranveer Singh's Hamza in 'Dhurandhar' has all the qualities of an ideal long-term investor
Hamza's quality of being patient to achieve his target in the spy drama is something long-term investors could imbibe to achieve excellent returns
BUSINESS
Cholamandalam Investment shares rise 8% as firm terms Cobrapost report as 'malicious and baseless'
There is no revision in guidance provided in the past and the company will continue to deliver as per its Board approved business plan, Cholamandalam Investment told stock exchanges
BUSINESS
BSE shares rise 3.5% as report says stock exchange plans to launch more monthly index option products
The exchange is also working on a revamp of the BANKEX index to enhance participation and liquidity, a report said
BUSINESS
MCX gains 4.5% to hit all-time high amid SEBI chief's comments on commodity derivatives, rise in precious metals
Tuhin Kanta Pandey said SEBI is engaging with the RBI and the IRDAI to enable the participation of banks and insurance companies in the commodity derivatives market
BUSINESS
Defence shares rise for 2nd day; Cochin Shipyard, GRSE, others rise up to 6%; Here are three reasons
Value buying in defence shares for second consecutive session after four-day fall is one reason behind rally in defence shares
BUSINESS
Mid, smallcap stocks rise for 3rd straight day; this analyst sees at least 90% chance of Santa Rally in broader markets
The last 10-year data suggests that smallcaps have been the biggest beneficiaries, with an average return of 3.55% and a 100% win rate, indicating uninterrupted gains during this seasonal window, says Jahol Prajapati, Research Analyst, SAMCO Securities
BUSINESS
Waaree Energies shares rise 6% on F&O inclusion, $30-mn investment in United Solar
On December 19, Waaree Energies announced that its subsidiary, Waaree Solar Americas Inc, has signed a deal with United Solar Holding Inc to buy around 5.37 mn series B shares for $30 mn
BUSINESS
Groww rises 11% as Jefferies says 'buy', sees stockbroker mirroring Robinhood's growth
Jefferies values Groww at a premium to its peer Angel One as the former has higher growth, better margins and lower F&O exposure
BUSINESS
TCS shares rise nearly 2% as brokerages see IT firm on right path towards AI adoption
ICICI Securities said TCS' AI engagements are gaining scale, growing 38.2% YoY in constant currency terms and next-generation services revenue growing at 6%-9%
BUSINESS
HDFC AMC, Canara Robeco, other AMC shares rise up to 8.5% after SEBI revises expense ratios
SEBI raised the brokerage cap for mutual funds to 6 bps from proposed 2 bps on equity trades, making compliance easier and cutting cost pressure after feedback that a sharp reduction could curb fund managers' ability to pick stocks
BUSINESS
JPMorgan initiates coverage on Orkla India with 'overweight', sees up to 21% upside
JPMorgan said Orkla is a leading player in packaged spices and convenience foods, sees tailwinds from shift to branded spices and rising demand for ready-to-cook meals
BUSINESS
Indraprastha Gas shares rise 6.5% as Nomura upgrades rating to 'buy' from 'neutral'
The risk-reward turns of the company are favourable after a sharp stock correction, the brokerage said
BUSINESS
Sensex settles 300 pts lower from day's high, Nifty ends below 25,850: Mixed US jobs data among key factors behind market decline
Uncertain Fed outlook, persistent FII selling among key reasons behind bearish market sentiment on December 17
BUSINESS
NCLT Mumbai approves Vedanta demerger plan, shares rise 4%
The demerger was proposed to streamline operations, improve management focus, and unlock shareholder value
BUSINESS
DMart gains 2.5% after CLSA reiterates 'high conviction outperform' rating on stock, sees up to 61% upside
India’s consumption outlook remains strong and DMart has a deeply moated business model, says CLSA
BUSINESS
Citi expects macro tailwinds to drive Indian auto sales in 2026, top picks include Maruti, M&M
The brokerage sees car sales rising 5.1% in FY26 and 5.2% in FY27
BUSINESS
Amber Enterprises shares rise 2.5% as CLSA reiterates 'outperform', check target price
Company indicated strong medium-term pipeline and growth across consumer durables, electronics and railways in recent analyst meeting, said CLSA
BUSINESS
ONGC shares fall 3%, hit seven-month low as Axis Capital initiates coverage with 'sell' rating
The domestic brokerage gave a price target of Rs 205 for the stock, which indicates a potential downside of up to 12% from the current market price
BUSINESS
Dhurandhar effect: PVR Inox shares rise 7% as Ranveer Singh-starrer storms past Rs 300 crore milestone
A trade analyst said Dhurandhar's second Saturday collections are the highest ever in the history of Hindi cinema
BUSINESS
DCM Shriram stock rises up to 9% after company signs MoU with Bayer CropScience
The MoU establishes a strategic framework for collaboration across areas such as agri-inputs, digital advisory, sustainable farming practices, and value-chain strengthening
BUSINESS
Nephrocare Health Services IPO subscribed 36% on day 2; check GMP
The company has fixed a price band of Rs 438-460 per share for its upcoming IPO, valuing the company at over Rs 4,600 crore
