Fusion Micro Finance IPO opens: Here’s what brokerages say about the issue
Fusion Micro Finance mobilised Rs 331.2 crore through anchor book ahead of its IPO launch by allotting 89.99 lakh equity shares at Rs 368 apiece to 17 investors, the company said in a filing on BSE.
Big Movers on D-St: What should investors do with NTPC, BHEL and Canara Bank?
During this period, the price has made a Lower Top Lower Bottom pattern. Volumes were quite low in this downfall. The stock gave an upward move to retest its previous high of 272 before witnessing some selloff to make a low of 207 in Sept 2022.
Stocks in the news: TechM, Adani Transmission, Infy, Axis Bank, PNB and Adani Ports
Adani Transmission, P&GHH, Dalmia Bharat, M&M Finance, Relaxo Footwears, Grindwell Norton, Kajaria Ceramics, EIH, Redington India, Triveni Turbine and KSB are among the companies that will announce their results for September 2022 quarter today.
What changed for market while you were sleeping
Asian stocks were mixed on Wednesday following declines in US shares as hopes that the Federal Reserve would soften its hawkish stance faded on robust US jobs data.
Dollar sags as Fed decision looms; yen surges
Investors widely expect the Fed to raise its benchmark interest rate by 75 basis points (bps) on Wednesday, the fourth such increase in a row. But for the December meeting, the futures market is split on the odds of a 75- or 50-bps increase amid recent suggestions from Fed officials of a potential slowdown in […]
Nifty rallies above 18,000
The Sensex climbed 374.76 points or 0.62% to settle at 61,121.35 – closing above the 61,000-level for the first time since January 17. The Nifty 50 advanced 133.20 points to end at 18,145.40. The BSE midcap gauge jumped 1.04% and the smallcap index climbed 0.26%.
L&T likely to sustain premium valuation on strong order flow
The order inflow for the country’s largest engineering conglomerate rose by 23% year-on-year to Rs 51,700 crore in the September quarter driven by the core infrastructure segment, which accounted for about half of the quarterly order inflow and 72% of the total order book.
Q2 Boost: Analysts raise L&T forecasts
Nomura, CLSA, HSBC and Jefferies maintained their ‘buy’ rating on the stock, while JPMorgan, Macquarie and Morgan Stanley retained their outperform outlook on the stock. These brokerages expect the stock to rise between 6% and 17% from their respective price forecasts.
NARCL declines to match Phoenix ARC’s bid for Mittal Corp
Phoenix’s offer was 78% higher than the ₹228 crore from NARCL, and more importantly, it was on a full cash basis in contrast with the 85% security receipts (SRs) which would have been issued by NARCL to be liquidated and paid to banks only after recovery is made.
For these stars, H1 profits higher than last full year
Companies such as Chennai Petroleum, Dr. Reddy’s Lab, GHCL, TTK Healthcare, GMDC, IRB Infrastructure, South Indian Bank, Jaiprakash Power, and Tata Coffee, among others, have made record profits in April-September of the current fiscal.