Utkarsh Small Finance Bank lists at 60% premium over IPO price
Utkarsh Small Finance Bank’s IPO received a large response from investors, with the issue being subscribed nearly 102 times at close. The stock was listed at Rs 40 on NSE and Rs 39.95 on BSE, 60% higher than its IPO price of Rs 25. The bank’s net NPAs stood at 1.33%, 2.31%, and 0.39% for […]
RIL shares fall over 2% on Macquarie downgrade
Retaining its price target, Macquarie, in a note, said that it did not ascribe value accretion from JFSL (erstwhile Reliance Strategic Investments). With the key tactical catalyst in the form of demerger behind now, Macquarie sees RIL shares underperforming on the likelihood of lower earnings going ahead, it said, estimating the FY24-25E net profit at […]
Golden Crossovers: UTI AMC among 5 stocks signalling further bullishness
Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.
Rub-off effect! IT stocks crash up to 10%; Infosys top loser
Infosys shares plunged nearly 10% to the day’s lows of 1,305 following its June quarter earnings on Thursday where it significantly cut its FY24 revenue growth guidance. The last major fall for Infosys was on April 17, 2023, when the stock fell by over 14% while the Nifty IT index fell 7.62%.
Stocks to buy today: Paytm, NHPC among top 9 trading ideas
India VIX was up by 1.59% from 11.60 to 11.78 levels on Thursday. Volatility spiked to create momentum and cheer the bulls at lifetime high zones. On the monthly options front, the maximum Call OI is placed at 20,000 and then towards 20,100 strike while the maximum Put OI is placed at 19,800 and then […]
Positive Breakout: Emami & 5 other stocks cross above 200 DMAs
The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
At multi-year highs: ITC among 4 stocks witnessing 5-year swing high breakouts
In the Nifty200 pack, we have collated a list of four stocks that witnessed a 5-year swing high at the close on July 20, suggesting bullishness in counters.
ETMarkets Smart Talk: Sensex hits record highs! We continue to favor infra, capital goods, BFSI, and auto sectors: Sunil Garg
While the Nifty50 has made new highs, performance relative to global markets (the US in particular) has been lackluster. In fact, Nifty has under-performed SPX year-to-date.
Big Movers on D-Street: What should investors do with Olectra, Policybazaar and HDFC AMC?
Stocks that were in focus include names like Olectra, which fell 0.65%, Policybazaar, which rose 3.66%, and HDFC AMC, which gained 4.51% on Thursday.
Roads Ministry aims to spend over 90% capex by December
This expenditure will be for developing roads across the country with an aim to complete 310 National Highways (NH) projects by the end of the calendar year.