BSE sells 5% stake in CDSL to comply with Sebi norms
BSE has sold a 4.54% stake in Central Depository Services (India) (CDSL) through a block deal worth INR468cr ($63m) to comply with market regulator Sebi norms which state a stock exchange is only allowed to hold a 15% stake in a depository. BSE previously held a 20% stake in CDSL. In the IPO for CDSL […]
Tech View: Nifty charts reflect indecisiveness. What traders should do on Thursday expiry
Nifty has formed a small green candle, reflecting volatility at higher levels. The market is currently positioned at the hurdle of 18,800 levels, showing lack of strength for an upside breakout. Analysts suggest that if the previous swing high of 18,778 is taken out, it shall lead to further upside. Immediate support is placed at […]
MSCI quarterly review in August may see Cummins and 3 others entering India index
MSCI Inc may add Cummins India and IDFC First Bank to its global index in its quarterly review. If included, it could result in inflows of $108m and $101m to each respectively. Astral and Power Finance Corporation could also be included, however, the probability is significantly lower. MSCI’s announcement is due on 10 August, with […]
Stock screener: 10 companies with highest EBITDA margin in FY23. Tempting buys?
Maharashtra Scooters has topped the list of Indian companies with the highest EBITDA margins of at least 50% in FY23. The company reported an EBITDA margin of 89.5% with 11.5% growth in sales and 36.84% profit growth in the same year. Other companies in the list include SJVN, Nesco, Adani Green Energy, The Phoenix Mills, […]
Mutual funds bought 3 lakh shares of this Adani stock in May
However, the total value of these shares fell to Rs 89 crore in May from Rs 97 crore in April on account of deep cuts in the stock price. The Adani Total Gas shares fell nearly 30% or Rs 280 on the NSE in the month gone by.
Just a matter of time before HDFC Bank, RIL will start performing: Dipan Mehta
I do not think we are seeing that many price cuts going ahead. So we could see expansion of the operating profit margins as well. And that in turn leads to higher return on capital employed and that in turn justifies higher price to earnings multiples.
US Fed meet outcome today: Here’s how D-Street behaved in the past; what’s likely this time?
Benchmark indices in the US and India have reached fresh 1-year highs ahead of the outcome of the US Federal Reserve meeting. Data released on inflation indicates the country experienced the smallest increase in inflation in more than two years in May, leading to increased confidence in the potential for a rate hike pause by […]
Move over MRF! Air Jordans, iPhones, other luxury products you can buy under Rs 1 lakh
MRF became the first-ever stock on Dalal Street to cross the Rs 1 lakh mark. With this, MRF is the stock with the highest price tag.
Chart Check: BHEL sees breakout from falling trendline resistance on quarterly charts; time to buy?
Bharat Heavy Electricals (BHEL) stock has risen over 10% in the past three months, leading to a breakout above a falling trendline resistance on quarterly charts. Experts suggest that this will allow the stock to rise towards 100 levels in the next three to six months. The monthly chart shows that BHEL has formed a […]
At multi-year highs: Trent, Axis Bank among 12 stocks that gave 5-year breakouts
In the Nifty200 pack, 12 stocks crossed their previous 5-year high value at the close on June 13, suggesting bullishness in counters.