Sebi cuts listing time to T+3 working days for public issue of debt securities - about 2 months ago
Sebi on Thursday decided to reduce the timeline for listing of public issue of debt securities to three working days from six days at present, to facilitate faster access to funds. This new timeline will be optional for the first year and mandatory thereafter.
Economic Times

Sebi amends rules; introduces fixed price process for voluntary delisting - about 2 months ago
Markets regulator Sebi has notified rules allowing companies to delist shares through a fixed price mechanism as an alternative to the reverse book building process, a move aimed at facilitating ease of doing business for listed firms. Under the Reverse Book Building (RBB) process, a firm planning to delist its shares from the stock exchange needs to initiate the process by making a public announcement.
Economic Times

technical breakout stocks: how to trade itc, blue star, bikaji foods & tata power on friday? - about 2 months ago
Indian market hit fresh record highs on Thursday, tracking positive global cues. The S&P BSE Sensex rose over 600 points while Nifty50 closed above 26,200 levels for the first time.The S&P BSE Sensex hit a high of 85,930 while the Nifty50 hit a high of 26,250 in intraday on Thursday.
Economic Times

‘Bracing for a big revenue hit’: Zerodha’s Nithin Kamath on 5 reasons why - about 2 months ago
Zerodha, India’s leading stockbroking platform, saw its profits soar by 62% in FY24 to around Rs 4,700 crore. However, CEO Nithin Kamath believes it's time for a strategic shift. He outlined 5 key reasons why Zerodha anticipates a significant drop in revenue later this year.
Economic Times

IEX, AU Small Finance Bank among 5 stocks with short covering - about 2 months ago
Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information. This usually results in a decrease in open interest and can drive the stock price higher. In Thursday's trading session, five stocks saw short covering. Here's the list:
Economic Times

Bulls dominate D-St as Sensex surges over 600 pts; Nifty ends above 26,200 for the first timeTata Steel Share Price - about 2 months ago
Indian benchmark indices Nifty50 and Sensex reached fresh record highs for the sixth consecutive session on Thursday, bolstered by gains in auto and metal stocks. The Nifty crossed the 26,200 mark for the first time, while the Sensex closed 164 points shy of 86,000. Additionally, the m-cap of all listed companies on the BSE increased by Rs 1.72 lakh crore, reaching Rs 476.97 lakh crore
Economic Times

Vedanta shares jump 5% on dividend news, China economic stimulusVedanta Share Price - about 2 months ago
The positive outlook for the metal sector, fueled by China's fiscal stimulus plans, further boosted Vedanta's share prices. The stock nearly reached its 52-week high on the NSE, with brisk trading activity involving over 4 crore shares.
Economic Times

ITC, Hindalco among 7 Nifty50 stocks that hit fresh 52-week highs on Thursday - about 2 months ago
Indian benchmark equity indices hit fresh record highs on Thursday, led by gains in IT and auto companies. In Thursday's session, seven Nifty50 stocks reached new 52-week highs. Here’s the list:
Economic Times

Consistent Winners: These 12 smallcap stocks have surged over 50% in H1 for 3 straight fiscal years! - about 2 months ago
In Thursday’s data analysis, ETMarkets has highlighted 12 smallcap companies whose share prices have increased by over 50% in the first half (H1) of each fiscal year for the past three years (April to September in FY23-FY25), including the current one. Notably, some of these stocks have delivered multibagger returns during this period. This highlights a consistent trend of exceptional performance, indicating strong market momentum and investor interest. Spotting these patterns can help investors make informed decisions about entry and exit points, ultimately enhancing their overall investment strategy. (Data source: ACE Equity)
Economic Times

Paytm shares jump over 5% on likely block deal worth Rs 328 croreOne97 Communications Share Price - about 2 months ago
The stock saw substantial investor interest with 1.55 crore shares traded on the NSE around 2 pm, totaling Rs 1,091.48 crore in value. After rebounding from a low of Rs 310 in May, the stock remains 27% below its 52-week high of Rs 998 but has surged 36% in the past month.
Economic Times

HDFC Bank could report weak profits in September quarter due to higher tax outgo: MacquarieHDFC Bank Share Price - about 2 months ago
HDFC Bank may report a subdued 6% profit growth in Q2, impacted by higher taxes and lower treasury profits, with expectations for improved margins over the next three years.
Economic Times

IEX shares tumble 15% from 52-week high hit 2 days ago. What lies ahead?Indian Energy Exchange Share Price - about 2 months ago
After reaching a 52-week high of ₹244.40 on September 24, shares of the Indian Energy Exchange (IEX) have since fallen 15%, nearing a key support level at ₹200. This decline follows reports of potential market coupling for power exchanges, expected to be implemented by the end of the current fiscal year or the start of FY26, which may impact IEX's market dominance.
Economic Times

IEX shares tumble 15% from all-time high hit 2 days ago. What lies ahead? - about 2 months ago
After reaching a 52-week high of ₹244.40 on September 24, shares of the Indian Energy Exchange (IEX) have since fallen 15%, nearing a key support level at ₹200. This decline follows reports of potential market coupling for power exchanges, expected to be implemented by the end of the current fiscal year or the start of FY26, which may impact IEX's market dominance.
Economic Times

Adani Ports and 4 other stocks that posted highest quarterly profit in Q1 vs last 10 quarters - about 2 months ago
Achieving high quarterly net profit indicates strong financial performance and growth for the company. Among the NSE largecap stocks, here are the top five companies that experienced profit growth of over 25% compared to their previous highest profits in the last 10 quarters, according to stockedge.com's profitability scan data.This record profit suggests effective management, improved operations, and possibly favorable market conditions. It enhances investor confidence and positions the company as a leader in its sector, signaling potential for sustained future growth. Overall, it reflects a positive trend that can attract further investment interest.
Economic Times

For long-term investors, transformation is a process – not an event: 5 stocks from energy space with an upside potential of up to 48%Reliance Industries Share Price - about 2 months ago
The shift to EVs has opened up opportunities in the auto sector. But questions are being raised about the fate of companies in the oil and gas sector. Will they face an existential threat? Some of these are transforming into energy companies – expanding beyond oil and gas. Energy as a business requires huge capital. It also requires great patience to not only make the business profitable, but also to turn the stocks into sustainable wealth creators. As a business that is dependent on global developments, it is not easy for these companies to keep pace with change – bringing in an element of higher risk. The good news is that, while as a sector it is a slow starter, once change happens, it sustains for long. There will thus be phases when the stocks will seem to be underperforming. But in the long term, the power of the balance sheet will prevail.
Economic Times

Taking stock: A historical & future perspective on Nifty50’s performance - about 2 months ago
The Nifty50 index, consisting of fifty blue-chip stocks on the NSE, has seen significant growth since its inception in 1995. With increased retail participation and institutional investments, the index has shown robust performance, particularly post-COVID. Future growth is expected with potential changes in its composition reflecting new economy sectors.
Economic Times

From Dravid to KJo: What’s driving celebs to grab a slice of Swiggy’s pre-IPO pie? - about 2 months ago
Several celebs have bought shares of the food & grocery delivery disruptor Swiggy in the unlisted market ahead of its IPO. This comes despite competition from rivals like Zomato and Zepto. In a recent round, Swiggy’s pre-IPO shares were actively traded in the unlisted market, with around 2 lakh shares already acquired by notable investors like Rahul Dravid, Zaheer Khan, & Karan Johar, among others. Watch what’s driving celebs to grab a slice of Swiggy’s pre-IPO pie.
Economic Times

This Rohini Nilekani-backed smallcap stock rallies 5% on announcing 10% price hikeInfosys Share Price - about 2 months ago
The company said that the GPI will help offset the significant increase in its costs over the years, taking into consideration inflation, administrative costs related to regulatory and security measures, which will enable further investment in infrastructure and technological advancements.
Economic Times

IPO-bound Hyundai deserves valuation premium over rival Maruti Suzuki: NomuraMaruti Suzuki India Share Price - about 2 months ago
Hyundai Motor India is set to launch a Rs 25,000 crore IPO, the largest in India's history. Nomura suggests Hyundai deserves a higher valuation than Maruti Suzuki due to its stable market share and strong sales performance. The IPO will involve an offer-for-sale of up to 142.2 million shares by Hyundai Motor Co.
Economic Times

EaseMyTrip shares jump 6% as promoter offloads stake worth Rs 920 croreEasy Trip Planners Share Price - about 2 months ago
Shares of travel aggregator Easy Trip Planners, owner of EasyMyTrip, surged by 6.4% to a day’s high of Rs 36.49 on the BSE as investors seized the opportunity following the offloading of a stake by the company’s promoter, Nishant Pitti, for Rs 920 crore. Pitti sold 24,65,49,833 (24.65 crore) shares for a total value of Rs 920.06 crore, with the shares traded in a price range of Rs 37.22 to Rs 38.28, according to NSE bulk deal data.
Economic Times

PB Fintech shares drop over 10% on plans of healthcare forayPB Fintech Share Price - about 2 months ago
Shares of PB Fintech fell over 10% to Rs 1,545 during Thursday's intraday trading on the BSE after the company suggested it might venture into the healthcare sector. The company stated, “We are still exploring, but currently have no decisions to announce. Any decision made will be communicated to the stock exchanges.”
Economic Times

HDFC Bank picks Rs 1 crore worth of stake in SME IPO with 64% GMP - about 2 months ago
HDFC Bank has acquired a stake worth Rs 1 crore in the SME IPO of Sahasra Electronics Solutions, representing 35,600 equity shares in the company ahead of its public offering. Sahasra Electronics Solutions, which specializes in electronics solutions for system design and manufacturing, raised approximately Rs 53 crore in the anchor round prior to the IPO launch.
Economic Times

F&O Radar: Deploy Bull Call Spread in Nifty to make potential gains from bullish momentum - about 2 months ago
Nifty closed positively after consolidation, supported at 25,800 with a target of 26,200. Options data suggests a bullish trend; consider a Bull Call Spread for potential gains.
Economic Times

After doubling in 6 months, Trent shares rally another 4%. Here are 2 reasons why - about 2 months ago
The global brokerage firm in its note stated that Trent is outpacing its peers, which is driving the Street upgrades as the company adds organic growth engines.
Economic Times

Can multibaggers KFin Tech & CAMS ride on MF tailwinds or will valuations play spoilsport?KFIN Technologies Share Price - about 2 months ago
KFin Technologies and CAMS are well-positioned in the mutual fund industry despite their high valuations. With significant stock rallies over the past year, both companies benefit from a duopolistic market with high entry barriers. Analysts predict potential upsides of up to 26% for KFin Tech and 42% for CAMS.
Economic Times

IDFC First Bank and IDFC shares rally upto 2% on NCLT nod for amalgamationIDFC First Bank Share Price - about 2 months ago
The bank is in the process of applying for availing certified true copy of the NCLT Order and completion of requisite statutory/ regulatory formalities, in order to make the scheme effective, according to a release.
Economic Times

Reliance Power shares rally 5%, now up 41% in 7 days. What's cooking?Reliance Power Share Price - about 2 months ago
Shares of Anil Ambani's Reliance Power rallied another 5% on Thursday, reaching a fresh 52-week high of Rs 44.15 on the NSE. Today marked the seventh consecutive day that the small-cap stock, a favorite among retail investors, hit the 5% upper circuit limit.
Economic Times

ASK Automotive shares tumble 5% as Rs 516 crore OFS opens for non-retail investorsASK Automotive Share Price - about 2 months ago
ASK Automotive shares fell 5.4% to ₹442.05 amid a ₹516.4 crore offer for sale, with promoter Kuldeep Singh Rathee offloading a 6% stake.
Economic Times

Sensex rises above 85,300 for the first time, Nifty hits fresh peak; IT, bank stocks shineTech Mahindra Share Price - about 2 months ago
Sensex and Nifty opened at record highs for the sixth session, fueled by IT and auto stock gains and optimism over foreign inflows.
Economic Times

Trent among 7 stocks on which brokerages initiated coverage can rally up to 27% - about 2 months ago
Several global and domestic brokerage firms have initiated coverage on various stocks, expressing bullish sentiment on companies such as Trent, Tata Power, Power Grid, and JSW Energy, with a potential upside of up to 27%. Here’s a list of seven stocks on which brokerages have initiated coverage:
Economic Times

Stock Radar: Escorts Kubota breaks out of a falling trendline; could hit fresh record highs above Rs 4,900Escorts Kubota Share Price - about 2 months ago
Escorts Kubota Ltd has broken out from a falling trendline resistance on the weekly charts, indicating potential for the stock to reach Rs 4,900 levels in the next 3-4 months. The stock has shown strong momentum and is trading above crucial moving averages, suggesting further upside potential.
Economic Times

Rs 55,000 crore in play! Hyundai, Swiggy, NSE among 6 major IPOs to track in next 6 months - about 2 months ago
The Indian IPO market is raging on with companies raising over Rs 70,000 crore through the primary market so far this year. The momentum is only set to intensify in the coming months, with several major companies gearing up to go public. Here's a look at the most highly anticipated IPOs in the next six months.
Economic Times

Sensex up 850 times in 45 years! Will it hit the 1,00,000 milestone in FY25?Emkay Global Financial Services Share Price - about 2 months ago
Sensex has grown 850 times in 45 years, with an average CAGR of 16%. Now nearing the 1 lakh mark, it may achieve this milestone by FY25. Experts believe strong liquidity and FII flows could drive this growth, though risks from declining inflows exist.
Economic Times

Sensex rises above 85,300 for the first time, Nifty hits fresh peak; IT, bank stocks shine - about 2 months ago
Sensex and Nifty opened at record highs for the sixth session, fueled by IT and auto stock gains and optimism over foreign inflows.
Economic Times

At multi-year highs: These 11 stocks witness 5-year swing high breakout - about 2 months ago
In the NSE list of stocks with a market cap of over Rs 10,000 crore, we have collated a list of five stocks that witnessed a 5-year swing high at the close on September 25, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock. However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years or longer.
Economic Times

Stocks to buy today: Axis Bank, NTPC among top 9 trading ideas for 26 September 2024 - about 2 months ago
In the options market, the highest Call open interest is at 27,000, followed by 26,000, while the maximum Put open interest is at 25,000 and 25,900. Call writing has been noted at 26,060 and 26,150, while Put writing is observed at 25,900 and 26,000.
Economic Times

Golden Crossovers: These 3 stocks signal further bullishness on September 26 - about 2 months ago
In the NSE list of stocks, three stocks with a market cap of over Rs 1000 crore have been witnessing Golden Crossovers, according to stockedge.com's technical scan data.Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on September 25.
Economic Times

Hot Stocks: Brokerages on Trent, Hero MotoCorp, HDFC Bank and M&M FinanceTrent Share Price - about 2 months ago
Citi has initiated coverage on Trent with a buy rating and a target price of Rs 9,250. The company is outperforming its peers, leading to upgrades from analysts as it adds new organic growth engines. Citi projects impressive revenue, EBITDA, and PAT CAGRs of 41%, 44%, and 56%, respectively, for FY24-27. Trent is effectively leveraging its supply chain and insights from its Westside and Zudio brands. Recognized as a standout performer, Trent has significant potential to scale up its pilot projects.
Economic Times

Cashing in on D-St rally: Promoters of 180 companies offload stocks worth Rs 40,000 crore in Q2Welspun Living Share Price - about 2 months ago
Promoters of around 180 companies have sold stock worth over ₹40,000 crore in the September quarter, capitalizing on the market rally. This trend is driven by high valuations and various strategic reasons. Prominent sales include those by InterGlobe Aviation, Ambuja Cements, and Patanjali Foods.
Economic Times

F&O Ban List: Granules India, Vodafone Idea among 5 stocks under trade ban on ThursdayIndian Energy Exchange Share Price - about 2 months ago
Five stocks, including Aditya Birla Fashion and Retail, Granules India, Hindustan Copper, Vodafone Idea, and Indian Energy Exchange, are under F&O trade ban on Thursday. The ban occurs when open interest crosses 95% of market-wide position limits. It is lifted only if open interest falls below 80%. Nifty and Sensex closed at fresh highs despite a weak start.
Economic Times

Promoters cash in on market rally, offload stocks worth Rs 40,000 crore in Q2Welspun Living Share Price - about 2 months ago
Promoters of around 180 companies have sold stock worth over ₹40,000 crore in the September quarter, capitalizing on the market rally. This trend is driven by high valuations and various strategic reasons. Prominent sales include those by InterGlobe Aviation, Ambuja Cements, and Patanjali Foods.
Economic Times

Big movers on D-Street: What should investors do with ZEE Media, Mazagon Dock and Hindalco?Hindalco Industries Share Price - about 2 months ago
Benchmark Sensex closed above 85,000 for the first time, while Nifty reached 26,000 at close on Wednesday. Stocks like ZEE Media rose 12%, Mazagon Dock gained 0.7%, and Hindalco declined by nearly 0.077%. Analysts recommend buying these stocks at current levels with specific stop losses and potential upsides over the next 10-12 months.
Economic Times

Discount brokers board margin funding biz with revenue channels under lens - about 2 months ago
Discount brokers are increasingly entering the margin trade funding (MTF) space to diversify revenue streams as futures and options trading faces regulatory scrutiny. Companies like Zerodha, Groww, and Fyers are launching or testing MTF products, while early movers like Mstock and Angel One have already built significant loan books in this area.
Economic Times

There's a case for RBI to cut rates: Jahangir Aziz, JP Morgan Chase - about 2 months ago
India's core consumer inflation hit a decadal low of 3.14% in June, suggesting excess capacity in the economy. Jahangir Aziz from JP Morgan Chase advocates for an immediate policy rate cut by the RBI, despite geopolitical uncertainties and US election risks potentially impacting global economics.
Economic Times

India ranks third in annual Asia Power Index - about 2 months ago
India has risen to third place in the annual Asia Power Index, surpassing Japan due to strong post-COVID economic growth. The index, compiled by the Lowy Institute, ranks 27 countries based on their ability to shape their external environment. India’s rise is attributed to economic growth, future potential, and diplomatic influence.
Economic Times

Vedanta board to consider fourth interim dividendVedanta Share Price - about 2 months ago
Vedanta Ltd will consider its fourth interim dividend for the current fiscal on October 8. The record date for the payout, if declared, is October 16. Earlier this month, Vedanta announced a ₹20 per share dividend. The company has already declared dividends totaling ₹35 per share this year.
Economic Times

Promoters cash in on market rally, selling over Rs 40K cr in September quarterWelspun Living Share Price - about 2 months ago
Promoters of around 180 companies have sold stock worth over ₹40,000 crore in the September quarter, capitalizing on the market rally. This trend is driven by high valuations and various strategic reasons. Prominent sales include those by InterGlobe Aviation, Ambuja Cements, and Patanjali Foods.
Economic Times

Havells India breaks out from 3-month consolidation phase; time to buy? - about 2 months ago
“Havells India stock has ended a 3-month-long consolidation phase of late and is trading at a record high. Traders can buy for a target of Rs 2280 in the next 1-2 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
Economic Times