Leading drone maker Ideaforge raises Rs 254 cr from anchor investors ahead of IPO
IdeaForge has raised funds from anchor investors. Among the numerous participating investors were Nomura, Invesco, Goldman Sachs, and Tata AIG General Insurance. IdeaForge has a significant share in the Indian unmanned aircraft systems market at roughly 50%.
New scam on the street! Nithin Kamath on how to deal with fraudsters in the name of ‘courier companies’
Fraudsters are impersonating delivery companies like FedEx and Blue Dart, warning users of a new threat, said Nithin Kamath, CEO of India’s leading broker Zerodha. An employee of Kamath’s was called by a person claiming to be from FedEx, demanding money to release a package that the police had simply confiscated due to drugs being […]
Area under paddy down 35 per cent so far this kharif season; pulses, coarse cereals acreage up
Area under coverage for pulses is higher at 6.54 lakh hectares so far from 6.30 lakh hectares in the same period last year, the ministry said in a statement. Shri Anna-cum-Coarse Cereals acreage stood higher at 18.95 lakh hectares so far as against 13.38 lakh hectares in the corresponding period last year.
Sensex derivatives turnover scales record high of Rs 6.06 lakh cr
BSE Sensex’s new derivatives contracts have posted their highest single-day turnover since relaunch, with Asia’s oldest exchange seeing a 77% jump in turnover to INR6.06tn ($81bn). The figure was achieved through 96.11 lakh traded contracts, while total open interest came in at 4.93 lakh contracts before expiry
Nomura handpicks 7 bank stocks that can rally up to 37%
Brokerage firm Nomura is bullish on a few bank stocks, and its top picks include ICICI Bank, Axis Bank and IndusInd Bank.
Suzlon Energy, Tanla Platform among 8 Nifty smallcap stocks that surged over 100% from their 52-week low
Nifty Smallcap100 stocks show significant recoveries from their 52-week lows, including KEI Industries, Raymond, Cyient, Tanla Platforms, Jindal Stainless, RBL Bank, Kalyan Jewellers, and Suzlon Energy. The recoveries are a testament to the companies’ resilience and growth potential, reflecting market participants’ renewed confidence in their future prospects.
Tech View: Dark cloud cover pattern seen on Nifty charts. What traders should do next week
India’s Nifty index has formed a bearish dark cloud cover pattern on the weekly charts, closing 106 points lower on Friday. The index needs to remain above 18,666 to move towards 18,750 and 18,888 zones, with support available at 18,550 and 18,500 zones. Option data suggests a shift in lower trading ranges between 18,500 and […]
IPO Tracker: These 3 issues will hit primary markets next week
These 6 Adani Group stocks are trading at 40-80% discount from their 52-week highs
Stocks of Adani Group are trading significantly lower than their 52-week highs, presenting potential investment opportunities for those interested in diverse sectors such as resources, renewable energy, power, natural gas, transmission, and FMCG. With a diversified portfolio, Adani Enterprises offers growth opportunities in various industries while Adani Green Energy aims to contribute to India’s clean […]
BofA raises Paytm target price again to Rs 1,020
Bank of America Securities has raised its target price for Paytm to Rs 1,020 from Rs 885, after the company’s shares rose more than 90% from their 52-week low of Rs 439. The bank attributed the jump to Paytm’s momentum in high margin lending and Soundbox business, which could continue for at least the next […]