WAPCOS files DRHP with Sebi for IPO; govt to sell 3.25 crore shares
WAPCOS has ongoing projects in 30 countries and has been associated with over 455 overseas projects, both completed and ongoing. It was placed third among the top five Indian corporations for consulting services between 2017 and 2021. Some of its listed peers in the segment are Ircon International, Rites, Engineers India, NBCC, and Va Tech […]
Why Nifty outperformance against peers is making Nikhil Kamath nervous
This is a model which is perfect for the lofty valuations of Nifty today. If you were to compare earnings to the multiples, we are probably at the top quartile of valuations historically. At this point of time, we feel the model that we have implemented makes the most sense, Kamath said.
Hot Stocks: Brokerages on Tata Steel, Britannia Industries and Eicher Motors
Indian flat steel prices declined by 19% from the June quarter average. The global investment bank sees a downside risk as Indian prices are still 6-11% above import parity. The global investment bank downgraded Indian steel in January and believes it is still early to turn constructive.
Axis Bank among six money-making ideas for solid short-term returns
Domestic equity markets saw a steep correction during the fag-end of the previous session as D-Street remained highly volatile. However, various analysts believe that volatile markets give opportunities to both the long and short sides of the market. Based on their recommendations, here are half a dozen stocks that can make decent money for you […]
Trader’s Guide: 2 stocks ideas for 7-9% returns in near-term
The defence equipment stocks have been witnessing a lot of strength lately. Many of the stocks from the space that staged a breakout are presently consolidating which makes them an attractive buy. Investing near the breakout levels has the potential of decent upside.
Big Movers on D-St: What should investors do with EIH, M&M Financial and Tata Steel?
Now, it is starting the next leg of a rally where Rs 210 is an immediate multi-month resistance level. We are expecting a move towards the Rs 230 level if the stock manages to close above Rs 210. On the downside, Rs 175 is major support for any correction.
What changed for market while you were sleeping
Major Asian stocks stocks opened with sharp cuts Monday after a long weekend that saw global selloffs, with investors expected to stay “risk-off” for some time. MSCI’s index of Asia-Pacific shares outside Japan was trading 0.96 per cent lower.
Stocks in the news: Harsha Engineers, BPCL, Coal India, Redington India and Britannia
Harsha Engineers is scheduled to make its Dalal Street debut on Monday as the company raised Rs 755 crore via its initial stake sale by selling shares in the range of Rs 314-330 crore between September 14-16.
Fed & flows, not inflation, may be at the heart of MPC debate
The Reserve Bank of India’s slower interest rate increase of 50 basis points compared with the US Federal Reserve’s 75 basis points was guided by the inflation target and actual inflation as well as the need to nurture the economic recovery. A basis point is 0.01 percentage point.
IndusInd Bank to be a large bank in 5 years with a Rs 5 lakh crore balance sheet
Private lender IndusInd Bank’s balance sheet will cross `5 lakh crore in the next five years, its managing director Sumant Kathpalia told Saloni Shukla and MC Govardhana Rangan in an interview.