Multibagger Jindal Stainless rises 4% after acquiring 49% stake in Indonesian firm
The investment will buy Jindal Stainless the first right of refusal for the nickel pig iron smelted at the proposed plant, but no concessionary rates. The company said that the fiscal benefits of the investment will show on its consolidated balance sheet once the plant becomes operational.
PSU bank stocks deliver up to 96% return in FY23. Will the magic repeat in next fiscal?
In the 12-pack index of all state-run banks, India’s largest lender the State Bank of India (SBI) is the worst performer with a minor return of just around 3%. All other stocks in the index have given double-digit returns.
Hot Stocks: Brokerages say Bajaj Auto, Arvind Smartspace and Coforge can give 16-30% returns in 1 year
The company’s presence in niche sub-verticals of BFS, Insurance & TTH, consistent deal wins, lower attrition and lower client concentration distinguish it from peers, according to the brokerage.
Death Crossovers: These 7 stocks signal further bearishness
In the NSE list of stocks, seven stocks with a market cap of over Rs 1,000 crore are witnessing Death Crossovers.
Momentum Pick: 18% downside seen in Thermax! Use dips to accumulate stock for long-term gains
“Given robust financials and ample business opportunities, we expect Thermax to trade at a premium. In the long term, Thermax with its strong execution and technological capabilities in green energy and the wastewater industry should be able to deliver strong performance,” .
Alibaba’s Hong Kong shares surge 16% on split-up plans
One day before the re-organization was announced, Alibaba founder Jack Ma, who had been out of mainland China since late 2021, was spotted visiting a primary school in Hangzhou, the city where Alibaba is headquartered.
ETMarkets Smart Talk: Pharma, defense among 7 sectors offers good growth potential over next 2-3 years: Sachin Shah
The challenges that we are witnessing are mainly to do with the rising global interest rates and their impact on the global bond markets.
ETMarkets Fund Manager Talk: Debt/balanced funds to outperform equity funds near term: Rahul Bhuskute, Bharti AXA
Closer home, high inflation, led by food presents another challenge to the markets. With the Rabi crop already affected, the worry now is that El Nino would damage prospects of Kharif sowing too.
What should you do with Bandhan Bank, Kalyan and Glenmark Pharma?
The price has made a Lower Top Lower Bottom Pattern during this correction. In the current week, the price breached the previous 52-week low of 197 and corrected further to make lows of 186 odd levels with high volumes.
‘Pledge-repledge’ model mooted for brokers, investors
Since earnings from unutilised money of clients comprise a significant part of the income of many brokers, there has been a disquiet among intermediaries ever since the market regulator proposed that everyday brokers and clearing members would have to transfer surplus investor funds to clearing corporations.