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Adani Group stocks tumble after MSCI cuts free float
MSCI has also announced that Bank of Baroda and CG Power & Industrial Solutions have been added to the MSCI India index, while Biocon has been removed from the index.
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Ashoka Buildcon stock gains on bagging Rs 775 crore order
The stock hit an intraday high of Rs 91.85 a share and rose as much as 4.2 percent in the early deals.
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Seven penny stocks that surged 1,000% or more in 2022
The stocks are Kaiser Corporation, Hemang Resources, Alliance Integrated Metaliks, KBS India, Sonal Adhesives, Beekay Niryat and Ashnisha Industries.
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Axis Bank stock falls 4% after major block deal
As many as 15.3 million shares or 0.5 percent stake of the bank changed hands in two bunched trades, according to Bloomberg.
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Banks well-placed for next five years, says Sridhar Sivaram of Enam Holdings
Banks that will keep its CASA and deposits cost reasonable, will do well
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Assam floods to hit Bandhan Bank finances but Jefferies India retains buy rating on the stock
The stock has been under pressure since the last seven sessions due to floods in Assam. It fell over 11% to hit a near three month low on Monday and has lost 17% since 9 June. Year to date, the lender is up 9%.
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Kotak initiates coverage on PB Fintech with buy rating, raises target price to Rs 700
Brokerage firm Kotak Institutional Equities has initiated coverage on PB Fintech Ltd with buy rating and increased its target price to Rs 700 a share, signalling a potential upside of 20% from its last close.
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Sun Pharma gets double thumbs-up from analysts at Jefferies India
The brokerage expects Sun Pharma growth to be driven by its speciality portfolio and India market from hereon
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LIC gains 2% in early trade, snapping 10 day losing streak
Stock hit a high of Rs 682 on BSE and at 9.30am was trading at Rs 678, up 1.5% from previous close
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LIC declines nearly 6% to hit record low of Rs 668 in step with market meltdown
This is the tenth consecutive session when the stock traded lower. Since listing or in the last 20 sessions, the stock was up only in four sessions. With today's fall, the stock has eroded nearly Rs 1.7 trillion of investors' wealth since listing.
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Dr Lal Pathlab misses Q4 estimates; shares hit 19-month low
The stock dropped to Rs 2022.55 apiece today- a level last seen on 16 October 2020. This is the fourth consecutive session where the stock has been trading in the red zone.
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LIC share lists with 9.4% discount, stock debuts on BSE at Rs 867
Investors must be aware that the business of insurance is long term in nature and therefore experts recommend investors to stay with the company for the long term
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Tata Power falls 7% to hit two month low
The stock touched a low of Rs 223 a share -- a level last seen on 8 March 2022.
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Adani Wilmar becomes seventh group firm to grab Rs 1 trillion tag from markets
Stock hits an all time high of Rs 798 and rises as much as five percent from previous close
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JSPL, Adani Power, Tata Elxsi may make it to MSCI index
With this likely inclusion, Jindal Steel and Adani Power may see inflows of $150 million each, while Tata Elxsi may get $190 million foreign inflow, the report added.
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Selloff binge knocks HDFC out of MCap list of top 10 companies in India
Shares of HDFC have fallen 12.24 percent over the past one year. The HDFC stock declined nearly 19 percent since April 4, wiping off more than Rs 90,000 crore in market capitalisation. HDFC Bank shares too suffered a similar fall with investors left poorer by over Rs 1.66 lakh crore
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Holcim deal won't be a negative for cement sector, affirms Jefferies India
Holcim plans to sell its stake in Ambuja and held preliminary talks with JSW Group, Adani Group and Shree Cement
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HDFC sells 3% stake in Bandhan Bank through block deal
The stock opened nearly 1% lower after the huge block deal but soon recovered and was trading 1% higher at Rs 318 a share on BSE.
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Adani Group becomes third Indian conglomerate to cross $200 billion Mcap
Analysts said that stock prices of Adani Group firms surged after they expanded and diversified into multiple businesses leading to earnings visibility in the future
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SBI Cards and Payments Services decline 4% following report promoter stake sale
Shares of SBI Cards had opened sharply lower. At 9.30am, the stock was trading at Rs 843 on the BSE, down 3.8% from its previous close
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Foreign investors withdrew most in Ruchi Soya FPO
Some 14,583 applications amounting to 9.74 million shares were withdrawn as of March 30, the data showed. Qualified institutional bidders withdrew 7.86 million bids while high net worth investors 1.31 million. Retail investors withdraw 5.70 lakh shares
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Bharti Airtel buys Vodafone's 4.7% stake in Indus Tower for Rs 2,388 crore
The firm acquired 4.7% stake in Indus Towers at Rs 187.88 a share, it said in a notice to exchanges. This deal was on the condition that funds will be used by Vodafone, as fresh equity in Vodafone Idea and simultaneously remitted to Indus to clear VIdea’s outstanding dues.
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Recognised stock exchanges get Sebi nod to float options on commodity indices
Securities Exchange Board of India on Thursday allowed the recognised stock exchanges having a commodity derivative segment to introduce options on commodity indices
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JSPL share hits 10-year high, gains 16% over 6 session in a row
The stock hit a high of Rs 529.40 on BSE - a level last seen on April 3, 2012. At 2.20pm, the scrip was trading at Rs 529 on BSE up 3.30 percent from its previous close. This was the sixth consecutive session when the stock traded higher and rose over 16 percent in this period
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Paytm surges 13%, biggest gain in four months
The stock hit a high of Rs 592.40 on BSE, up 13 percent, its maximum gains since 24 November 2021. At 12.20pm, the scrip was trading at Rs 585 on BSE, up 12% from its previous close.
