JSPL acquires Monnet Power for Rs 410 crore at auction - almost 2 years ago
Naveen Jindal-promoted JSPL acquired Monnet Power for a captive purpose. The 1,050 MW Monnet Power plant is located next to JSPL's Angul steel plant in Odisha, making the acquisition synergistic, the people cited above said.
Economic Times

Lenders to SKS Power give bidders a fourth deadline extension for due diligence - almost 2 years ago
Reliance Industries, the Adani Group, state-owned NTPC, Torrent Power, Jindal Power, Hindustan Powerprojects, Sarda Energy & Minerals and Jindal India Thermal are among some 23 entities that have expressed interest in the company.
Economic Times

Ruias offer one-time settlement deal for Essar Power Gujarat - almost 2 years ago
Essar is offering ₹1,600 crore to settle ₹4,500 crore of loans taken for the Salaya plant in Gujarat's Jamnagar district, effectively giving banks a recovery of about 36% on their dues. Banks as well as Essar officials are working out legal and other details to complete the settlement, multiple persons aware of the deal, said.
Economic Times

As Twitter takes centre stage, Tesla shares see a sharp fall - almost 2 years ago
Elon Musk's takeover of Twitter may also be weighing down the shares of Tesla. The electric car maker's shares have slumped more than 47% since Musk on April 14, 2022, announced the intention to buy out Twitter. Tech giants such as Apple, Microsoft, Alphabet, and Nvidia have fallen between 12% and 25% since April 14.
Economic Times

Trent to sell Unistore stake to Tata Digital - almost 2 years ago
Trent is divesting its stake of around 3.22% of Tata Unistore on a fully diluted basis to Tata Digital. The shares of TUL will be sold to TDPL for a total estimated value of ₹24.14 crore, with no consideration of cash, but in the form of Compulsorily Convertible Preference Shares of the promoter group company.
Economic Times

Stock Radar: Why this small-cap stock from personal care space can rally nearly 200% in 4-5 quarters? - almost 2 years ago
Long-term investors can look at buying the stock now or on dips for a possible target towards Rs 500 in the next 4-5 quarters, which translates into an upside of nearly 200% from Rs 177 recorded on December 7, suggested experts
Economic Times

S&P 500 rebounds on tech boost; weekly jobless claims rise - almost 2 years ago
At 10:43 a.m. ET, the Dow Jones Industrial Average was up 241.67 points, or 0.72%, at 33,839.59, the S&P 500 was up 32.12 points, or 0.82%, at 3,966.04, and the Nasdaq Composite was up 130.60 points, or 1.19%, at 11,089.15.
Economic Times

Ahead of Market: 10 things that will decide D-street action on Friday - almost 2 years ago
“The bulls came back strong and knocked out the bears with full force surpassing the hurdle of 43,500 on a closing basis. The index confirms the continuation of the uptrend towards 44,000-44,600 levels on the upside. The lower-end support stands at 43,000, which will act as a cushion for the bulls. The index remains on a ‘buy’ mode and any dips should be utilized to initiate fresh long positions,” Kunal Shah, Senior Technical Analyst at LKP Securities, said.
Economic Times

Stock Radar: Buy Zomato for a target of Rs 100, says Shrikat Chouhan - almost 2 years ago
"Zomato seems to have captured incremental market share against Swiggy. We remain positive on Zomato with a fair value is closer to Rs 100," Shrikant Chouhan, Head of Equity Research (Retail) Kotak Securities, said.
Economic Times

Paytm parent to consider share buyback in Dec 13 board meet - almost 2 years ago
The stock ended 0.3% down at Rs 508.40 on the BSE. Year-to-date, the stock has fallen by more than 67%.
Economic Times

Foxconn unit invests $500 million in India affiliate - almost 2 years ago
The announcement of a $500 million injection into its India unit comes after Reuters reported last month that Apple supplier Foxconn plans to quadruple the workforce at its iPhone factory in India over two years, with two government officials with knowledge of the matter pointing to a production adjustment as it faces disruptions in China.
Economic Times

US stocks open higher after recent selloff - almost 2 years ago
The Dow Jones Industrial Average rose 98.05 points, or 0.29%, to 33,695.97 at the open
Economic Times

These 4 commodities stocks touch their new 52-week highs - almost 2 years ago
Benchmark index Sensex closed higher by about 160 points to 62,570 on Thursday. During this rally, four stocks from the BSE commodities index managed to touch new 52-week highs.s current value and for predicting its future price movement.The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor for analysing a stock's current value and for predicting its future price movement.
Economic Times

Walmart-backed PhonePe seeks to raise $1 billion - almost 2 years ago
The all-equity round is expected to close in the next two weeks and may take Walmart-backed PhonePe's valuation close to $13 billion, according to the report.
Economic Times

Reliance General Insurance seeks Rs 600 cr capital infusion from parent - almost 2 years ago
The Committee of Creditors (CoC) is expected to discuss RGIC's request for capital infusion in its meeting soon, the sources added.
Economic Times

Valuation check for Nifty 50: Jefferies sees index at 18,000-19,000 range in 2023 - almost 2 years ago
The property sector in India is seeing a multi-year pent-up demand and is more dependent on the pricing sentiment instead of mortgage rates. As a result, the 225-basis-point hike in repo rate by the Reserve Bank of India since May this year hasn’t affected the housing demand.
Economic Times

Narmada Gelatines gains 32% in 2 sessions; smallcap declares Rs 100 special dividend - almost 2 years ago
In its board meeting on Wednesday, the company announced a special interim dividend of Rs 100 per equity share i.e. 1000% of the face value of Rs 10 each fully paid up for the financial year 2023.
Economic Times

RBI may effect one more rate hike; repo rate may rise to 6.5%: Uday Kotak - almost 2 years ago
Kotak further said the US Federal Reserve's decision on interest rates this month will be a signal for other central banks
Economic Times

Tech View: Nifty forms small positive candle. What traders should do on Friday - almost 2 years ago
The inside body candle on daily charts is indicating non-directional activity and indecisiveness between bulls and bears. For bulls, 18,675 would be the important breakout level to watch out for. And above the same, we can expect a quick uptrend rally up to 18,800-18,835. On the flip side, trading below 18,500 may fuel further weakness up to 18,435-18,400.
Economic Times

Reliance General Insurance seeks Rs 600 crore capital infusion from parent - almost 2 years ago
The Committee of Creditors (CoC) is expected to discuss RGIC's request for capital infusion in its meeting soon, the sources added.
Economic Times

Gainers and Losers: Sun Pharma, Dharmaj Crop among stocks in focus on Thursday - almost 2 years ago
Equity benchmark indices ended with gains on Thursday’s session, snapping a 4-day losing streak. Nifty at the close settled 49 points higher at 18,609, while Sensex ended 160 points higher at 62,571. Nifty PSU Bank emerged as the outperformer, logging gains of around 4%.Here are the stocks that hogged the limelight in today’s session:
Economic Times

Gainers and Losers: Sun Pharma, Dharmaj Crop among 6 stocks in focus on Thursday - almost 2 years ago
Equity benchmark indices ended with gains on Thursday’s session, snapping a 4-day losing streak. Nifty at the close settled 49 points higher at 18,609, while Sensex ended 160 points higher at 62,571. Nifty PSU Bank emerged as the outperformer, logging gains of around 4%.Here are the stocks that hogged the limelight in today’s session:
Economic Times

Gujarat-based 9 stocks gained up to 225% so far in 2022 - almost 2 years ago
Indian equity markets traded with good gains on the Gujarat assembly election result day. The Bharatiya Janata Party (BJP) retained power for the seventh straight time in the state with a landslide victory. The BJP has broken the record of the highest-ever seats of 149 in 1985 held by Congress' Madhav Singh Solanki. From the BSE 500 list, here are Gujarat-based 9 stocks that have gained over 50% so far this year (Data Source: ACE Equity).
Economic Times

Assembly election results mixed bag for Dalal St investors - almost 2 years ago
The BJP was all set for a landslide victory in Gujarat where the party has not lost state assembly elections since 1995. However, the BJP looked set to lose control of Himachal Pradesh with outgoing Chief Minister Jairam Thakur conceding defeat.
Economic Times

Sensex snaps 4-day losing streak; gains 160 points; Nifty tops 18,600 - almost 2 years ago
Closing Bell: Sensex snaps 4-day losing streak; gains 160 points; Nifty tops 18,600; BoI rallies 9%, BoB 6%
Economic Times

Sensex snaps 4-day losing streak; gains 160 points; Nifty Bank outperforms - almost 2 years ago
A sweeping victory for the Bharatiya Janata Party in Gujarat assembly elections did little to lift the mood in Dalal Street, as the hawkish view of RBI on inflation Wednesday played on the minds of investors
Economic Times

Adani stocks among biggest, fastest and consistent wealth creators in last 5 years - almost 2 years ago
Adani's flagship Adani Enterprises, which has more than doubled in 2022 itself, has also been India's most consistent performing stock during 2017-22. It has outperformed the BSE Sensex in all the last 5 years and has the highest price CAGR of 97%.
Economic Times

Assembly election results mixed bag ftreeor Dalal St investors - almost 2 years ago
The BJP was all set for a landslide victory in Gujarat where the party has not lost state assembly elections since 1995. However, the BJP looked set to lose control of Himachal Pradesh with outgoing Chief Minister Jairam Thakur conceding defeat.
Economic Times

Richer by Rs 13 trillion! RIL stock biggest wealth creator in last 5 years - almost 2 years ago
TCS (Rs 9,548 crore), Infosys (Rs 5,795 crore), HDFC Bank (Rs 4,108 crore) and Bajaj Finance (Rs 3,614 crore) were the other top wealth creators on the list. Adani Transmission, which made investors richer by Rs 2,538 crore during the last 5 years, is the only Adani group stock in the top 10 list.
Economic Times

European shares fall as telecom, utilities drag amid recession worries - almost 2 years ago
The index dropped for a fourth straight session on Wednesday on rising concerns over a slowdown in economic growth ahead of a slew of interest rate decisions from major central banks next week.
Economic Times

Should you buy, sell or hold Dharmaj Crop after a decent D-St debut? - almost 2 years ago
However, analysts have a mixed opinion on the counter as a few suggest holding the counter for the long term, whereas others suggest profit booking, either on a partial or full basis.
Economic Times

Brokerages initiate coverage on these 8 stocks, see up to 38% upside - almost 2 years ago
After the Q2 earnings, a host of brokerage firms have initiated coverage on several stocks across various sectors, including banking, logistics, consumer durables, financial services, FMCG, and retailing. They majorly have a positive view of these counters and seeupside potential between 15-38% in the coming months. Here are as many as eight stocks where brokerage firms have initiated coverage:
Economic Times

Japan's Nikkei ends at near 1-month low amid economic worries - almost 2 years ago
In Japan, chip-making equipment maker Tokyo Electron lost 0.94%, game and audio equipment maker Sony Group fell 1.93% and robot maker Fanuc slipped 0.6%.
Economic Times

FinBridge Expo 2022: Sumit Chanda, Rakesh Pujara, Tina Gadodia to discuss algo trading - almost 2 years ago
Finbridge Expo is India’s leading exhibition and conference, catering specifically to the financial services and technology industry.
Economic Times

A large software MNC among 5 large cap stocks which have potential upside up to 40% - almost 2 years ago
While NIFTY continues its upward journey and forms a new high, the market is getting into stock specific mode as some voices of caution also start to pour in. The primary reason being that if a correction happens, then it is a select set of stocks which would be able to hold their head above water. These stocks from different sectors are identified on the basis of data from the latest Stock Reports Plus report. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

Golden Crossovers: These 5 stocks signal further bullishness on Thursday - almost 2 years ago
In the NSE list of stocks, five stocks with a market cap of over Rs 100 crore are 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 December 7. Take a look:
Economic Times

Will 2023 be another blockbuster year for D-Street? Market mavens are divided - almost 2 years ago
There are positive factors favouring India, such as relatively benign inflation compared to world economies, strong domestic growth, robust consumption trends, strong earnings growth expectations, and the easing of commodity prices in the recent months, with a sharp decline in brent crude prices from $110 to now below $80, is like a cherry on the cake.
Economic Times

Stocks for 2023: Godrej Consumer & ITC could give 12-17% returns. Here’s why - almost 2 years ago
The entire commodity cost basket, on average, showed slight signs of moderation. The downward momentum in crude and crude derivatives and palm oil prices augurs well for Paint companies, PIDI, GCPL, and HUVR.
Economic Times

Sun Pharma shares fall over 3% after USFDA action - almost 2 years ago
Shares of Sun Pharmaceutical on Thursday lost up to 3.5% to hit the day's low at Rs 981.50 in morning trade after the company told stock exchanges that its Halol facility in Gujarat had been placed under 'Import Alert' by USFDA.We now wish to inform you that the Company received a communication from the USFDA stating that the facility has been listed under Import Alert," Sun Pharma said in a regulatory filing.
Economic Times

Macrotech Developers' promoters plan to raise Rs 3,500 cr via sale of shares to institutional investors - almost 2 years ago
It has a major presence in Mumbai Metropolitan Region (MMR) and Pune property markets, while recently making an entry into the Bengaluru market with one housing project.
Economic Times

​L&T, RCF among 5 stocks gave 5-year breakouts on December 7 - almost 2 years ago
In the Nifty500 pack, five stocks crossed their previous 5-year high value at the close on December 7, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look
Economic Times

Hot Stocks: Credit Suisse sees over 20% upside in SBI and Bank of Baroda; here’s why - almost 2 years ago
The company has around 48 stores and is constantly on the prowl to add more stores. Its strategy to further diversify its product range will likely make it synonymous with luxury, the note said.
Economic Times

Stocks to buy today: 6 short-term trading ideas by experts for December 8, 2022 - almost 2 years ago
The S&P BSE Sensex fell more than 200 points while the Nifty50 closed below 18,600 levels on Wednesday.
Economic Times

Sensex, Nifty start on flat note ahead of assembly election results - almost 2 years ago
Traders are awaiting the election results from Gujarat and Himachal Pradesh, which may have a sentimental impact on the markets.
Economic Times

Sensex, Nifty start flat as assembly election trends pour in; BLS Intl surges 5% - almost 2 years ago
Sensex, Nifty start flat as assembly election trends pour in; BLS Intl, Lumax India surge 5% each, L&T up 1%.
Economic Times

Fundamental Radar: Sumitomo Chemical India - Preferred pick in agrochemical space - almost 2 years ago
"Sumitomo Chemical would continue to enjoy premium valuations versus domestic peers, given its superior earnings growth outlook, its strong parental advantage, and a robust balance sheet (Rs. 800 crore of cash & cash equivalents as on September 30, 2022)," Abhijeet Bora, deputy vice-president, research, Sharekhan by BNP Paribas, said.
Economic Times

Dharmaj Crop Guard makes strong D-St debut, lists at 12% premium - almost 2 years ago
The agrochemical player debuted at a premium of 12% per cent at Rs 266.05 as against the given issue price on the National Stock Exchange (NSE).
Economic Times

Asian stocks edge up despite global growth worries - almost 2 years ago
The gains in Chinese shares came after some investors booked profits on Wednesday after the government announced sweeping changes to ease a tough anti-COVID policy that has battered the world's second-largest economy.
Economic Times

Buy or Sell: Stock ideas by experts for December 08, 2022 - almost 2 years ago
ET Now spoke to various experts and here's what they have to recommend for today's trading session. Nooresh Merani has a buy/sell recommendation on Power Grid and United Spirits while Kunal Bothra has a buy/sell recommendation on Hikal and PFC for today's trading session. Check out the targets and stop-loss.
Economic Times

After stellar show in 2022, this PSU bank stock is set to rally up to 50% - almost 2 years ago
According to him, Rs 80 will act as a crucial make-or-break level for the stock, because if this is breached, it can see a swift run up to Rs 94-95 levels. Rout of Prabhudas Lilladher is equally bullish on the stock, and has a medium-term target of Rs 61-64, with positional target of Rs 80-85.
Economic Times