BUSINESS
Bikar Aerospace chooses Aequs' Belagavi cluster to set up operations
The company plans to have the new location fully operational by the first quarter of 2024.
BUSINESS
ICICI Securities recommends 'Add' on Balkrishna Industries, raises price target
ICICI Securities gave an overweight rating to the Balkrishna stock with a raised target price of Rs 2,577.
BUSINESS
Veefin Solutions IPO opens June 22; check offer price, other details
The issue price for the small and medium enterprise IPO has been set at Rs 82. The bidding process will end on June 26
BUSINESS
BNP Paribas remains 'underweight' on FMCG sector. Here's why
Despite the upcoming headwinds for the sector, BNP Paribas is constructive on Britannia Industries, ITC and Emami, as it sees the high-revenue trend returning with improving margin comfort in the FMCG space
BUSINESS
Renaissance Investment's Pankaj Murarka is bullish on new age tech, hotels sectors thriving post Covid
Pankaj remains positive on Indian equities, emphasising the importance of cautiously investing only in quality companies within mid caps and small caps.
BUSINESS
Here’s why Warren Buffett is bullish on Japanese stocks
Warren Buffett increases bets on Japanese stocks after receiving more than 50 percent return over the past three years. He has doubled down his investment in five Japanese trading houses.
BUSINESS
Gainers & Losers: 10 stocks that moved the most on June 19
The Indian equity benchmarks closed in the red on June 19, with the Sensex down 216.28 points at 63,168.30 and the Nifty lost 70.55 points at 18,755.45. About 1,667 shares advanced, 1,989 declined and 171 shares remained unchanged. Take a look at the top gainers and the losers of the day:
BUSINESS
Market rally could expand, real estate, cement and cap goods good bets: Nepean Capital’s Gautam Trivedi
Gautam Trivedi on Nifty's potential record-breaking performance and the surge in midcap and small-cap shares.
BUSINESS
Analysts pin hopes on Adipurush for PVR INOX's Q1 show
If Adipurush is able to net upwards of Rs 500 crore, domestic brokerage firm Prabhudas Lilladher believes PVR INOX will report a better performance for the new quarter as against Q4FY23.
BUSINESS
Why Jefferies is bullish on Navin Fluorine but not on SRF and Anupam Rasayan
Jefferies believes the chemicals industry is set to achieve robust growth anticipating strong revenue prospects for FY24E.
BUSINESS
Baring Private Equity’s Rahul Bhasin believes generative AI will solve world’s inflation hangover
Rahul Bhasin predicts a fundamental change in the IT industry and emphasizes the increasing role of AI in boosting productivity across businesses.
BUSINESS
Tata Consumer zooms over 5% to hit 52-week high
Analysts say the worst is over for the company's India tea business. Nuvama has maintained its 'buy' rating on the stock but raised the target price to Rs 925 from Rs 895
TRENDS
WhatsApp launches video messages feature in beta for IOS & Android users
The feature will allow users to share 60-second videos, providing users an enhanced mode of communication
BUSINESS
Gainers & Losers: 10 stocks that moved the most on June 12
About 2,089 shares advanced, 1,531 declined, and 125 shares remained unchanged on June 12
BUSINESS
Info Edge gains after exiting Happily Unmarried Marketing
Info Edge sold its entire stake in personal care firm Happily Unmarried for Rs 61 crore to VLCC Health Care Limited
BUSINESS
Sansera Engineering aims Rs 3,500 crore revenue by FY25; ICICI Securities maintains Buy
Sansera Engineering (SEL) aims to double revenue from its Bidadi plant, reaching nearly Rs 500 crore by FY25 with the addition of a new 4000T press
BUSINESS
Parliamentary Committee on Finance asks authorities to address rising cyber fraud cases
A report containing recommendations for combating cybercrime is expected to be presented during the monsoon session of the parliament.
BUSINESS
United Drilling Tools slips 9% after Ashish Kacholia sells stake
United Drilling Tools share price has fallen nearly 23 percent over the past month and 33.28 percent in 2023 so far.
BUSINESS
NIIT shares trade ex-demerger date
The shareholders will be given one NIIT Learning Systems share for each share of NIIT held in the ratio of 1:1.
TRENDS
Severe cyclonic storm Biparjoy strengthens, states prepared for impending landfall
The Indian Meteorological Department warns of the intensifying severe cyclonic storm Biparjoy in the Arabian Sea, expected to move north-westward. South-western states prepare for a potential landfall, while relief authorities assure readiness and highlight high water storage levels. The cyclone's impact on the monsoon and its implications for climate change raise concerns in the region.
BUSINESS
Demeter's Ashwini Agarwal finds value in renewables, textile shares
Agrawal provides valuable insights on the stock market, offering a comprehensive analysis of various sectors and identifying potential investment prospects. From the IT sector's resilience amidst AI fears to the manufacturing sector's positive outlook, Agrawal's observations shed light on opportunities in an uncertain market.
TRENDS
Australia's El Nino watch turns into alert, know impact on India's monsoon
India is closely monitoring the situation as a deficient monsoon season due to El Niño could impact crop output and food inflation.
BUSINESS
Chalet Hotels launches all-women operated hotel in Hyderabad, stock gains marginally
For the March quarter, the company reported consolidated net sales at Rs 345.79 crore, up 125 percent year-on-year.
BUSINESS
PVR INOX raises curtain on new 7-screen multiplex in Bengaluru, stock gains
While most analysts are positive on the stock, caution is slowly creeping in as the company is dependent on good movie release for its fortunes
