Rivian jumps 36% as $5 bln Volkswagen investment signals 'vote of confidence' - 5 months ago
The investment is set to reinforce Rivian's dwindling cash reserves, push the startup nearer to profitability, and enhance its competitive stance in a market led by Tesla. As part of the agreement, Rivian will establish a joint venture with Volkswagen that is equally managed by both companies. This partnership will involve sharing electric vehicle architecture and software, which could later be utilized by Volkswagen's brands such as Audi, Porsche, and Lamborghini.
Economic Times

Whirlpool shares jump 19% on report Robert Bosch is weighing bidBosch Share Price - 5 months ago
This year, Whirlpool, which owns brands like Maytag and KitchenAid, has experienced disappointing sales as U.S. consumers have reduced spending on major purchases. The company's stock has dropped 29% from the beginning of the year up to Tuesday's close.
Economic Times

Bosch weighs offer for appliance maker Whirlpool, say sourcesWhirlpool of India Share Price - 5 months ago
​ German engineering group Robert Bosch is weighing a bid for U.S. appliances manufacturer Whirlpool, according to three people familiar with the matter, a move that would boost its position in the household appliances market.
Economic Times

Market Trading Guide: RIL, Sun Pharma among 5 stock recommendations for Thursday - 5 months ago
Stock market benchmark indices Sensex and Nifty rallied for the third straight session and ended at their fresh all-time high levels on Wednesday in tandem with Asian peers and buying in Reliance Industries. The 30-share index climbed 621 points to settle at a new closing peak of 78,674. The Nifty went up by 148 points to a record closing peak of 23,869. The present upside momentum could find resistance at the highs of around 24,000-24,100 levels (1.786% Fibonacci extension of crucial bottom/top/bottom of 2020-2022) and one may expect next round of consolidation or minor weakness to emerge from the highs. Immediate support is at 23,650 levels, said Nagaraj Shetti of HDFC Securities.
Economic Times

Ashish Kacholia invests Rs 40 crore in Inox Green Energy’s Rs 1,050 crore fundraising planInox Green Energy Services Share Price - 5 months ago
The Rs 1,050-crore fundraising plan involves issuing 2,89,85,503 equity shares valued at Rs 400 crore and 4,48,27,582 convertible warrants valued at Rs 650 crore. These shares and warrants will be allotted to a total of 12 investors, including Kacholia.
Economic Times

BlackRock buys 9.46 lakh shares in Titagarh Rail for 153 crore via block dealTitagarh Rail Systems Share Price - 5 months ago
Bulk deal data from the BSE reveals that Rashmi Chowdhary sold more than 26.93 lakh shares at Rs 1,618 each, netting approximately Rs 436 crore from the transaction. Chowdhary, a promoter of the railway sector company, owned over 1.28 crore shares, representing a 9.52% stake as of the end of March, as per the shareholding information available on the NSE.
Economic Times

Ashisk Kacholia invests Rs 40 crore in Inox Green Energy’s Rs 1,050 crore fundraising planInox Green Energy Services Share Price - 5 months ago
The Rs 1,050-crore fundraising plan involves issuing 2,89,85,503 equity shares valued at Rs 400 crore and 4,48,27,582 convertible warrants valued at Rs 650 crore. These shares and warrants will be allotted to a total of 12 investors, including Kacholia.
Economic Times

Sanjiv Bhasin faces Sebi's inquiry; IIFL Securities issues clarificationIIFL Securities Share Price - 5 months ago
Sanjiv Bhasin, a familiar presence on various business news channels and digital media platforms, frequently shares his insights and trading strategies for stocks. In a statement, IIFL Securities said, "Bhasin was associated with IIFL Securities as a consultant on a contractual basis."
Economic Times

FedEx climbs on cheery annual profit forecast, freight business review - 5 months ago
​FedEx shares jumped 13% premarket on Wednesday after the delivery giant reassured investors with a largely upbeat annual profit forecast and said it would weigh options for its less-than-truckload business that one analyst valued at $30 billion.
Economic Times

US stocks slip as tech recovery stalls - 5 months ago
The Dow Jones Industrial Average fell 49.0 points, or 0.13%, at the open to 39063.15.
Economic Times

Fairfax Group to sell a 9.72% stake in CSB Bank via block dealCSB Bank Share Price - 5 months ago
FIH Mauritius Investments is likely to sell a 9.72% stake in CSB Bank on Thursday through block deals to raise about Rs 595 crore. According to the term sheet issued by the banker IIFL, FIH Mauritius is expected to sell 1.68 crore shares in the Kerala-based bank at a floor price of Rs 352.4 per share.
Economic Times

PVR Inox back in vogue amid high hopes from Kalki 2898 ADPVR INOX Share Price - 5 months ago
Kalki 2898 AD brings hope for exhibitors like PVR Inox with a mega budget movie and exciting advance bookings. Analysts predict exceptional box office performance domestically and internationally, setting the stage for increased revenue. PVR Inox's valuation indicates room for growth, driven by its leadership in the entertainment industry.
Economic Times

Technical Breakout Stocks: How to trade CESC, Raymond and Mazagon Dock Shipbuilders on Thursday - 5 months ago
The Indian market hit fresh record highs on Wednesday tracking positive global cues. The S&P BSE Sensex hit a record high of 78,759 while the Nifty50 hit a high of 23,889 in trade on Wednesday.
Economic Times

DEE Development Engineers makes a robust debut. What should investors do?DEE Development Engineers Share Price - 5 months ago
Analysts attribute DEE Development's impressive debut to its robust competitive position, well-established client base, diverse range of products, strong order book, and consistent financial performance.
Economic Times

Tech View: Nifty forms ‘3 Advancing Soldiers’ pattern. Here’s how to trade on Thursday expiry - 5 months ago
Nifty ended Wednesday session 147.5 points higher and formed a new peak at 23,889 level to form a long bull candle on the daily charts.
Economic Times

Inox Green Energy Services gets board approval to raise Rs 1,050 croreInox Green Energy Services Share Price - 5 months ago
Inox Green Energy Services on Wednesday said its board of directors has approved a proposal to raise up to Rs 1,050 crore through issuance of equities and convertible warrants.
Economic Times

D-St smashes records yet again: Sensex zooms 621 pts, Nifty scales 23,869 on RIL, ICICI Bank rallyUltraTech Cement Share Price - 5 months ago
The 30-stock S&P BSE Sensex scaled a new peak of 78,759.4, before ending the day at 78,674, gaining 621 points or 0.80% while the broader Nifty achieved a lifetime high of 23,889.90 before settling at 23,869, higher by 147.50 points or 0.62%.
Economic Times

Reliance shares jump over 4% to hit fresh 52-week highReliance Industries Share Price - 5 months ago
Reliance Industries (Ltd) shares surged over 4% to hit a new intra-day high of 3,029 on Wednesday, boosting the benchmark Nifty by 144 points. Despite earlier losses post-election, RIL staged a strong recovery, erasing losses and gaining approximately 2.4%.
Economic Times

MapmyIndia shares fall 6% after promoter likely offloads stakeC.E. Info Systems Share Price - 5 months ago
​Shares of CE Info Systems-owned MapmyIndia fell by 6% to day’s low of Rs 2,271 on BSE after the company’s promoter Rakesh Verma reportedly offloaded equity stake via a block deal on Wednesday.
Economic Times

Akme Fintrade shares see a moderate listing. Should you exit? - 5 months ago
Akme Fintrade, a rural and semi-urban-focused NBFC, had a moderate listing on Wednesday. Its shares opened at Rs 127, marking a 5.83% increase from its issue price of Rs 120. This performance contrasts sharply with the earlier excitement indicated by a higher pre-listing GMP. Despite receiving decent oversubscription, analysts noted that Akme Fintrade's cautious listing suggests investor restraint.
Economic Times

Better to own a set of stocks from the digital ecosystem rather than betting on one stock? 15 stocks with upside potential of upto 48% - 5 months ago
Few day’s back there was an issue with the telecom provider and the services stopped for some time. Now which would be the companies which got impacted the most, the telecom service provider, the answer is no. As a customer one would not get any reduction in the monthly billing because services were down for some time. The companies which may have got impacted would be a platform company on which one orders food, such as a swiggy or zomato. The reason, in the peak time of demand, a customer is not able to order food online due to internet service being down, that demand will not come back when the internet is back. But the other platform company which sells insurance was also not impacted. The reason is, if one was planning to buy an insurance policy and there is no internet, the demand will get postponed not get extinguished. The digital ecosystem is making things simple but it is yet complicated when it comes to investing.
Economic Times

Is the worst over? 6 mid and smallcap stocks from the much less talked paper industry - 5 months ago
When an industry stays in deep trouble for a long time, there are some players who are able to survive. How do they do it ? Either by changing the way they operate in terms of management ability, by adding new products or any others. The paper industry has been facing multiple challenges, now after years of consolidation in which many players exited, there are few left and have achieved a scale. Numbers are reflecting it, when will the street start to have a look at then more kindly is the question. If you look at the overall matrix of the manufacturing sector, there are some industries where even the best of the players is not able to reach a scale where it can be classified as a large cap company. But that does not mean there is no opportunity to make gains in that industry or sector, but only if one is able to stick to the best managed and well run company in that sector. So, when the worst is over, it is time to bring some of them back on the watchlist as in the next five years surprises are going to come from the manufacturing sector.
Economic Times

HAL board approves dividend of Rs 13/share for FY4 - 5 months ago
The board of HAL approved a final dividend of Rs 13 per share for FY23-24. The proposed record date for dividend payment is August 21, pending shareholders' approval. Additionally, HAL has increased its authorized share capital from Rs 600 crore to Rs 700 crore by amending the capital clause of its MoA.
Economic Times

ITC, Bharti Airtel’s weight may go up in Nifty rejig. $95 million passive inflows expectedState Bank of India Share Price - 5 months ago
​ITC and Bharti Airtel’s weights in Nifty is expected to go up in the quarterly rejig which gets into effect on Thursday, triggering combined inflows of $95 million according to estimates by Nuvama.
Economic Times

Mapmy India shares fall 6% after promoter likely offloads stakeC.E. Info Systems Share Price - 5 months ago
​Shares of CE Info Systems-owned MapmyIndia fell by 6% to day’s low of Rs 2,271 on BSE after the company’s promoter Rakesh Verma reportedly offloaded equity stake via a block deal on Wednesday.
Economic Times

Hindustan Foods shares zoom 15% after stake sale via block deal - 5 months ago
​Shares of the FMCG major Hindustan Foods (HFL) surged 15% today on BSE to Rs 582.50 after a likely equity stake sale of 11.1% via a block deal on Wednesday. The deal size is said to be approximately worth Rs 720 crore.
Economic Times

Australian shares fall as inflation data triggers rate hike worries - 5 months ago
​Australian shares closed lower on Wednesday, dragged by declines in financial and mining stocks, as concerns about rate hikes heightened the risk of loan defaults and higher cost of capital.
Economic Times

15 rural theme stock ideas with upside potential of over 18% - 5 months ago
For the first time in five quarters, rural demand has outpaced urban demand. Rural volume growth was 7.6% in Q1CY24 vs 5.7% urban volume growth in the same quarter reflecting the evolving rural market dynamics.Domestic brokerage firm, Way2Wealth believes that the expectation of better monsoon and rural policy push by the government can lead to sustainable growth in the coming quarters, thus driving rural demand and economy.Recognizing the significance of the rural market, which still accounts for 65% of the country’s population, Way2Wealth listed 15 picks involved in the rural sector:
Economic Times

F&O Stock Strategy: How to trade Apollo Tyres and LIC Housing FinanceLIC Housing Finance Share Price - 5 months ago
Apollo Tyres breakout signals strong buying interest. Accumulate in the 520-515 zone with a stop loss at 500, targeting 550 in the short term.
Economic Times

JM Financial initiates coverage on this small cap stock, views upside potential of 20%Shivalik Bimetal Controls Share Price - 5 months ago
Shivalik Bimetal Controls, analyzed by JM Financial, shows potential in niche markets with diverse growth avenues, including smart metering, EVs, and customized products. The company's expansion into shunt resistors and focus on global opportunities signal a promising future amidst challenges like market delays.
Economic Times

Ambuja Cements, Ravi Sanghi to offload 3.52 pc stake in Sanghi Industries - 5 months ago
Ambuja Cements and Ravi Sanghi plan to sell a 3.52% stake in Sanghi Industries through an OFS. The sale will occur over two days on June 26 and June 27, 2024. Adani group firm Ambuja Cement acquired a majority stake in Sanghi Industries last year, with shares peaking at Rs 151.85 on January 15, 2024.
Economic Times

Hot Stocks: Brokerage view on Stylam, Apollo Hospitals, ICICI Bank and Adani WilmarStylam Industries Share Price - 5 months ago
Investec's diversified coverage includes insights on Adani Wilmar, ICICI Bank, Apollo Hospitals, Stylam Industries, and Ratnaveer Precision Engineering, providing a comprehensive view of the market opportunities and risks.
Economic Times

Sector-wise fundamental analysis of Indian stocks after elections - 5 months ago
Investing in quality companies and adopting a long-term SIP approach can maximize benefits in India's growth journey towards a $10 trillion economy through essential infrastructure development.
Economic Times

Mazagon Dock shares rally over 6% after bagging Navratna statusMazagon Dock Shipbuilders Share Price - 5 months ago
Mazagon Dock Shipbuilders, now a Navratna company, is set for exponential growth with significant investment opportunities and strategic partnerships in the defense sector. The stock continues to outperform, reflecting strong investor confidence in its future.
Economic Times

These 7 bank stocks can give more than 22% returns in one yearUjjivan Small Finance Bank Share Price - 5 months ago
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Economic Times

Bulls March Ahead! Sensex, Nifty scale fresh highs led by gains in RIL, UltraTechVedanta Share Price - 5 months ago
Within the blue-chip Nifty50 pack, UltraTech Cement was the top gainer with an upside of 2%. Other gainers were ICICI Bank, L&T, NTPC, LTIMindtree, and Bajaj Finance. On the other hand, stocks like Apollo Hospitals, Hindalco, M&M, and HDFC Bank came under selling pressure with losses of up to 1.6%.
Economic Times

Sensex, Nifty off to a muted start; small and midcaps outperformVedanta Share Price - 5 months ago
Within the blue-chip Nifty50 pack, UltraTech Cement was the top gainer with an upside of 2%. Other gainers were ICICI Bank, L&T, NTPC, LTIMindtree, and Bajaj Finance. On the other hand, stocks like Apollo Hospitals, Hindalco, M&M, and HDFC Bank came under selling pressure with losses of up to 1.6%.
Economic Times

Falcon Technoprojects shares list at 9% discount on NSE platform - 5 months ago
Falcon Technoprojects, a key player in MEP services, successfully debuted on the NSE SME platform with a 9% discount. The company's diverse offerings in electrical projects and solid financial performance position it as a reliable choice in the market.
Economic Times

Bernstein India Strategy: Navigating the disconnect between earnings and stock price movements - 5 months ago
Caution is advised for investors as earnings performance is crucial for market progress, highlighting the risk of overvaluation. Informed investment decisions are necessary, considering the disparities in sectors like Metals and Industrials and the modest gains in financials amidst overall stagnation.
Economic Times

Momentum Pick: Will this multibagger’s weekly breakout lead to another leg of rally?Suzlon Energy Share Price - 5 months ago
In-depth analysis indicates Suzlon Energy's potential for growth with reduced debt, improved cash position, and increased revenue. Market experts foresee momentum continuing, backed by positive financial results and sectoral support, highlighting a promising outlook for the company.
Economic Times

87 stocks turn multibaggers in resilient Indian market during H1. What's the second half looking like?TIL Share Price - 5 months ago
Indian market showcases resilience with 87 stocks turning multibaggers in H1. Top performers include Marsons and Tinna Trade. IT and capital goods sectors witness significant growth. Analysts predict positive market trajectory post-Union Budget and US Fed's decisions.
Economic Times

Stock Radar: Multibagger in 1 year! Should investors book profits or buy the dip in GPIL? - 5 months ago
GPIL's stock surge and bullish momentum are supported by technical indicators. With a target set at 1,327, experts recommend implementing a stop loss at 1,040 to navigate market volatility effectively.
Economic Times

FIIs have sold Rs 1 lakh crore worth of stocks from these 5 sectors in H1 of CY24 - 5 months ago
Foreign investors show interest in India post-US roadshow, anticipating Modi 3.0 policies clarity. Positive outlook on GDP growth and potential US Fed rate cut impact driving FII optimism for the future market trends.
Economic Times

GEM Enviro Management shares list at 90% premium on BSE SME platform - 5 months ago
Prior to its listing, GEM Enviro Management shares were trading with a Grey Market Premium (GMP) of Rs 70 in the unlisted market. The IPO, comprising entirely of a fresh equity issue of 59.9 lakh shares, was oversubscribed by over 200 times at closure, primarily fueled by robust interest from non-institutional investors. Proceeds from the public offer will be allocated towards funding working capital requirements and general corporate purposes.
Economic Times

Sensex, Nifty off to a muted start; small and midcaps outperform - 5 months ago
Within the blue-chip Nifty50 pack, UltraTech Cement was the top gainer with an upside of 2%. Other gainers were ICICI Bank, L&T, NTPC, LTIMindtree, and Bajaj Finance. On the other hand, stocks like Apollo Hospitals, Hindalco, M&M, and HDFC Bank came under selling pressure with losses of up to 1.6%.
Economic Times

DEE Development Engineers stock debuts with 67% premium over IPO priceDEE Development Engineers Share Price - 5 months ago
DEE Development Engineers, specializing in process piping solutions, listed with a 67% premium. The company, with over three decades of manufacturing experience, offers a range of high-quality piping products and is supported by prominent book running lead managers SBI Capital Markets and Equirus Capital.
Economic Times

Anil Agarwal likely pares Vedanta stake in large block deal, shares drop 6%Vedanta Share Price - 5 months ago
The promoters of Vedanta have reportedly sold 17.1 crore shares of the company and the transaction value is estimated to be around Rs 7,000-8,0000 crore. The official buyers and sellers of the transaction are not yet known.
Economic Times

Asian shares shaky as investors wary before US inflation data - 5 months ago
Asian stocks hesitated in early trade amid anticipation for a crucial U.S. inflation reading. Concerns over potential Japanese intervention lingered as the yen approached 160 per dollar. Japan and Taiwan stocks rallied, while China's market saw a slight decline. Fed comments and stable housing market data influenced rate cut expectations.
Economic Times