BUSINESS
Lux Industries locked in 20% lower circuit after executive director is banned for insider trading
Sebi has banned executive director Udit Todi, who is also the son of the company’s managing director
BUSINESS
Manyavar owner Vedant Fashions gets SEBI nod to raise funds via IPO
The issue comprises a pure offer for sale (OFS) of up to 36.36 million shares by its existing promoter and shareholders.
BUSINESS
Zomato share price slips below Rs 100 for the first time
The stock has fallen for five consecutive sessions and dropped nearly 25 percent during the period, wiping out around Rs 26,000 crore of investor wealth
BUSINESS
Weekly Tactical Pick - Aditya Birla Sun Life AMC
Future growth levers for Aditya Birla Sun Life AMC in place; valuation attractive
BUSINESS
Upskilling in deep-tech domains like AI and ML a high priority for corporates: Survey
AI and ML are the highest priority skill domains for 2022, followed by cyber security, project management, digital marketing, cloud computing, and data science, the survey by edtech firm Simplilearn said
BUSINESS
Apollo Hospitals will replace IOC in Nifty50, expects Edelweiss Research
Edelweiss expects an inflow of $175 million in the stock after inclusion in the benchmark index while IOC could see around $100 million outflow
EARNINGS
Ceat share price falls 7% after reporting loss for December quarter
Cost of material consumed surged over 24% to Rs 1513.72 crore. Ebitda margin stood at 5.9%, a contraction of 327 basis points quarter on quarter.
BUSINESS
Just Dial surges 12% after Kotak upgrades stock despite weak earnings
The stock of India's oldest information search firm hit an intraday high of Rs 910 and gained as much as 11.98%. At 10.15 am, the scrip was trading at Rs 901 on BSE up 11% from its previous close.
BUSINESS
Paytm shares close record low; ends below Rs 1,000 for first time since listing
At closing, Paytm settled at Rs 997.35 a piece on BSE, down 4.33% from its previous close.
BUSINESS
NSE largest derivatives exchange for third consecutive year
National Stock Exchange remained the world's largest derivatives exchange for the third consecutive year in 2021 in terms of number of contracts traded
BUSINESS
Bajaj Finance share price opens higher on strong Q3 earnings
Bajaj Finance reported a solid quarter with profit surging 84.4 percent year-on-year at Rs. 1,933.9 crore for the quarter ended December. Its net interest income in the quarter jumped 40 percent on-year to Rs. 5,553 crore with assets under management (AUM) rising 21 percent on-year to Rs. 1.3 lakh crore.
BUSINESS
IPO greenlight for Delhivery, Radiant Cash Management, and Veranda Learning
In Delhivery IPO, the following will sell shares: Carlyle, SoftBank, Times Internet, Fosun Group-owned China Momentum Fund
BUSINESS
Tatva Chinta Pharma falls over 9% at open on decline in margins
The stock hit a low of Rs 2597.05 intraday. At 9.20 am, the scrip was trading at Rs 2655 on BSE down 7.4% from its previous close.
BUSINESS
Tata Metaliks tumbles on weak December quarter earnings
The stock hit a low of Rs 850 a share and fell as much as 7.76% in intraday. At 10.10am, the scirp was trading at Rs 894 on BSE down 3% from its previous close.
BUSINESS
Paytm claws back after slipping below Rs 1,000 for the first time since listing
The stock, declining for the ninth consecutive session, hit a record low of Rs 995 a share in the opening but recovered losses soon to go over 2% higher.
BUSINESS
Weekly Tactical Pick | Lemon Tree Hotels
Lemon Tree has worked on reducing the cost structure in times of COVID-19. A worthy bet to play the recovery theme
BUSINESS
Wipro Q3 net profit comes in at Rs 2,970 crore, revenue at Rs 20,432.3 crore
Net profit totalled Rs 2,970 crore in Q3 compared to Rs 2,931 crore at the end of the September quarter (Q2 2021-22).
MARKETS
63 Moons Technologies share price hits record high, up 220% in six weeks
The stock, which touched a record high of Rs 338 intraday, has hit 5% upper circuit in 15 of the last17 sessions
INDIA
Government support a good start for Voda Idea, but not enough: Deutsche Bank analyst
Many investors fear that there could be an attempt to merge the state-run MTNL and BSNL with Vodafone, says Peter Milliken
BUSINESS
Hinduja Global board to consider share buyback, mergers on January 14
The stock was trading 3.8 percent higher to Rs 2946.35 on BSE
BUSINESS
NSE gets SEBI nod to launch derivatives on Nifty Midcap Select Index
The Nifty MidCap Select Index has given 38.73% return in the last one year and 19.4% annualised returns in the last five years. For the year 2021, the daily average turnover of midcap stocks surged 63% from a year ago to Rs 15220 crore.
BUSINESS
Equitas SFB – why look at it amid the disturbing third wave of COVID-19?
The improving liability profile along with a healthy capital position and the secured diversified asset book gives Equitas SFB an edge albeit the COVID-19 disruption.
BUSINESS
Weekly Tactical Pick – CSB Bank
Investors can expect a bigger scale of operations and improved profitability in the medium term
BUSINESS
Volatility on cards for these stocks after lock-in period ends this month
December was a blockbuster month for public issues with 12 firms raising funds of around Rs 16,800 crore
