Shriram Properties drops 1% after Rs 214-crore block deal
Around 16.80 million shares or 10 percent stake of the company changed hands worth Rs 214 crore
Adani group stocks boost investor wealth by Rs 1.83 lakh crore in a week
The Supreme Court last week reserved judgment on PILs seeking a court-monitored probe into allegations by Hindenburg Research against the Adani group for stock market violations
Nifty hits a new high, soars above 20,250 on GDP boost, FII buying
FIIs remained buyers for the fourth straight session, buying around Rs 10,000 crore worth of shares, according to NSDL data.
Brokerages positive on Ultratech's acquisition of Kesoram's cement unit
UltraTech Cement, India's largest cement maker, announced on Thursday its board's approval of a scheme to acquire Kesoram Industries' cement business in an all-stock deal.
Medanta share jump lifts its chief and surgeon Naresh Trehan to billionaire list
With this, Trehan, 77, has become India’s richest professional manager with his net worth surging past Rs 8,402.30 crore or $1 billion.
Valuation of BSE-listed companies exceed record $4 trillion on sustained rally
BSE's listed firms achieved a $1 trillion market cap milestone in May 2007. It took over 10 years to double that, despite numerous new companies joining the exchanges. The market cap surpassed $2 trillion in July 2017 and $3 trillion in May 2021.
Business in the Week Ahead: November 27 to December 1
India GDP, PMI, automobile sales, bank loan and deposit growth are the key data points to track
Paytm plunges 5% after 2.5% stake in One97 Communications changes hands
Around 1.6 crore shares or 2.56 percent stake of the company worth Rs 1441 crore changed hands
Jefferies adds Coal India, Honasa, Eicher, NTPC, HDFC Bank to India portfolio
Jefferies noted that concerns about higher US yields, rising oil prices, and near-term state election outcomes have subsided
The chaos at OpenAI is less about AI and more about the money
Commercializing AI remains the ultimate goal of all the parties concerned
Half of Nifty 50 stocks hit 52-week highs in past month, market holds steady
Among them, 16 stocks have risen to a record high, indicating strong resilience. Meanwhile, the Nifty itself rose just 1 percent.
Coal India, ONGC, Sun TV, Gillette India, others trades mix after turning ex-dividend
These companies' boards have sanctioned both interim and final dividends for their eligible shareholders
After balance sheet repair, the difficult part awaits Suzlon
The company has to rapidly grow its business volumes
Bullish market helps NSE record sustained rise in active users to 3.39 cr in Oct
Indian markets have soared since April on the back of improved macroeconomics, while global equities faced volatility due to anticipated extended higher rates by the US Federal Reserve, coupled with continuous selling by foreign investors in local equities
Nifty Pharma scales record highs, rises in 14 out of 17 straight sessions
In the second quarter of FY24, the Pharma stocks saw strong revenue growth of 14.3% year-over-year and 1.7% quarter-over-quarter
NSE logs 7.67 million share trades in Oct, domestic investors pick up the bulk
In October, foreign portfolio investors sold upto 5.9 lakh shares, while domestic investors bought 38.65 lakh. Non-resident Indian investors sold around 3.27 lakh shares.
IREDA sets Rs 30-32 price band for its IPO
Basis of allotment will be on November 23, initiation of refund will be on November 28 and the firm will list on exchanges on December 1.
Mamaearth-parent Honasa Consumer surges 5.7% on Jefferies' bullish coverage
The company reported a net loss of Rs 150.9 crore during the year ended March 2023, impacted by the impairment loss on goodwill and other intangible assets
Som Distilleries declines over 7% on reports of income tax search
According to CNBC TV income Tax is conducting search ops at Som Group of Companies. Searches are underway across the country including Bhopal, Jabalpur, Indore.
Bharat Forge: Post a strong show in Q2, brokerages maintain mixed views
In Q2FY24, PV exports surged by 39 percent YoY, and domestic revenue grew 1.5X due to the defence business. Bharat Forge’s EBITDA margin reached 27.4 percent, a 330 bps YoY increase
Shrinking IT jobs reflect the sector’s refusal to take risks
Had IT firms embraced disruptive new technologies such as generative artificial intelligence (AI) and machine learning, they would still need fewer people. The difference though is that margins would have remained unaffected
Gail India keeps brokerages upbeat on ratings; target price raised after Q2
Motilal values the core business at 10x FY25E adjusted EPS of Rs11.7, and when factoring in listed and unlisted investments worth Rs23, this adds to the overall value assessment.
Narayana Murthy’s call for 70-hour workweek: Research shows longer hours unproductive
The point of discussion should be not just the total number of hours worked in a week, but how India’s competitiveness in the global marketplace can improve if some of the factors that lower productivity are removed
Morgan downgrades UPL to equal weight, cuts target price to Rs 590
The EBITDA guidance for FY24 was revised to 0 to -5% from the earlier 3-7% projection.
