Fresh demat accounts exceed 40 lakh for the 3rd straight month in Feb
What intrigues a market observer is the fact that the rush to enter the market stays unhindered despite brokerage warnings on high valuations and sustained caution on PSU stocks, midcaps and smallcaps
Tata Motors’ demerger offers investors a global car maker in JLR
The demerger offers investors the twin benefits of participating in the domestic CV segment while also getting an opportunity to own a pure-play global car company
MC Graphixstory | SMEs brave market volatility as IPOs hit a 5-month high in Feb
Some 15 SMEs raised over Rs 630 crore from listings in February, the highest since last September, when about 36 companies had mopped up Rs 998.40 crore
Tata Motors demerger: JLR in the driver's seat for PV valuations
The demerger's timing is opportune given the easing debt overhang of JLR and news of an IPO by Hyundai on Indian bourses and will offer Indian investors the opportunity to own a pure-play global car company
CLSA stays cautious, lowers Tata Steel, JSW Steel ratings on margin worries
CLSA downgraded Tata Steel to sell from outperform and cut target price to Rs 135 from Rs 145. JSW Steel downgraded to sell from underperform and declined its target price to Rs 730 from Rs 810.
Why Suven Pharma’s investors are excited about Cohance Lifesciences
The current vendor diversification drive by big pharma is driving large business opportunities for Indian CDMOs
History of major NSE, BSE outages: Check when stock exchanges were disrupted
India's two major stock exchanges will today hold two special live trading sessions to transition to a disaster recovery site to strengthen their resilience against unforeseen disruptions
Market breadth indicator forecasts consolidation as advance-decline ratio dips
The average advance-to-decline ratio in February stood at 0.95 times. This level was seen last in March 2023 and since April, it stayed above 1 riding on robust economic fundamentals and participation of foreign investors. Analysts further said that the reasons for the current market correction can be also be attributed to the sharp rise of 17.5 percent within a short time span - from November2023 to mid-January 2024
Individual investors turn net buyers in Jan after 2 months of sustained selling
In November and December, they had pulled out around Rs 14,048 crore and Rs 5,923 crore from the markets. So far in fiscal 2024, the individual investors picked up equities of Rs 30,995 crore as against Rs 49,206 crore in FY23
JG Chemicals sets Rs 210-221 price band for Rs 251-crore IPO
The anchor bidding will start on March 4 and the issue will close on March 7.
Promoters, foreign investors drive $42-bn sell-off. Global players, MFs strike the balance
Foreign portfolio investors and mutual funds pump $21 billion each into Indian stocks to counterbalance the sell-off across 2023
Private sector banks weight in Nifty Bank hits multi year low; PSU banks surge
PSU banks have staged a strong comeback, outperforming the Nifty Private Bank index with the Nifty PSU Bank Index delivering a remarkable 162 percent returns since March 2022, compared to 24 percent for private banks
Byju’s governance failures should force a regulatory overhaul of the startup ecosystem
Till such time as the notional value of the company kept going up, the alarm bells were muted. Between 2019 and 2022, Byju’s valuation climbed from $5.5 billion to $22 billion even though there was clear evidence that all wasn’t well within
Taking Stock: Markets end flat after hitting new highs, PSU banks take a knock
Top Nifty gainers included Bajaj Finserv, up 1.5 percent, followed by SBI Life and HDFC Life, advancing 1.4 percent and 1.1 percent
Jio Financial Services hits Rs 2 lakh crore market cap; RIL touches fresh record high
Jio Financial Services Ltd's market capitalisation exceeded Rs 2 lakh crore for the first time, driven by a 35 percent surge in its share price this year
MC Graphixstory | FIIs cut stake in frontline FMCG stocks on weak sales growth in Q3
In Q3, FIIs reduced their stake in Hindustan Unilever to 13.65 percent from the previous quarter's 13.90 percent. Their stake in ITC dropped to 43.26 percent from 43.34 percent, as per the latest shareholding pattern data from exchanges
Platinum Industries sets Rs 162-171 price band for IPO opening on Feb 27
Platinum Industries IPO : The issue will close for subscription on February 29, while the anchor book of IPO will be opened for a day on February 26
Aditya Birla Group added Rs 1.91 lakh crore in market cap in last year
The Aditya Birla Group, with seven listed firms in its fold, added around Rs 1.91 lakh crore in market capitalisation in the last year
Most Nifty Midcap 100, Smallcap 100 companies record sluggish Q3 earnings
A Moneycontrol analysis of 65 companies in Nifty MidCap 100 showed that net sales for midcap grew the slowest in 13 quarters, at 5.7%, compared to 7.8% in the previous quarter and 15.2% in the same period last year
Jefferies India raises Reliance Industries stock price target on O2C business strength
The brokerage raised RIL's EBITDA estimates for FY24 and FY25 by 2% and 1%, respectively.
Tourism Finance Corp gains 5% after Rs 248-crore block deals
The stock hit 5 percent upper circuit for four out of five straight sessions. So far 2024, it jumped around 73 percent.
MRPL shares surge 18%, monthly gain crosses 60% so far in Feb
MRPL reported net profit of Rs310 crore in Q3 versus Rs180 crore estimated against a loss of Rs200 crore YoY and Rs1050 crore QoQ.
Minda Corp surges 8% after huge block deal
Around 10.90 million, or 4.5 percent stake, in the company changed hands. Details of the buyers and sellers were not immediately known
Jefferies discontinues rating on Paytm amid regulatory challenges, revenue concerns
Jefferies said it has moved to 'not rated' from underperform and now see a 28% year-on-year decline in FY25E revenues that pushes Paytm into cash burns
