These 10 PSU stocks touch their 52-week high, gain up to 30% in a month
Will Netweb Technologies deliver strong listing gains on Thursday? Here’s what GMP signals
The qualified institutional buyer portion was the most subscribed with a subscription of 228.91 times, followed by non-institutional investors with 81.81 times. Retail category was subscribed 19.15 times. The IPO comprised fresh equity of Rs 206 crore and an offer for sale (OFS) of 8.5 million equity shares. Ahead of the offer, the company has […]
Ahead of Market: 10 things that will decide DStreet action on Thursday
Indian equities finished Wednesday positively, with Nifty up 0.5% to over 19,750 levels, ahead of the release of the Fed meeting outcome. Sectoral indices for Nifty PSU Bank, FMCG, and Realty had the highest gains, while Nifty Consumer Durable and Auto Index went down. Analysts propose that there will potentially
GST Council may meet next week to iron out technical issues on online gaming
The discussion will be restricted to the “technical issues” regarding implementation of the GST council decision and there will be no re-consideration and further discussion on the council’s decision to impose 28% on horse racing, casinos and online gaming companies on full face value, irrespective of whether it is game of skill or game of […]
Numbers of days Nifty hit all-time highs in each of last 5 years since 1991
Nifty hit all-time high 58 times between April 1, 1995 and March 31, 1996
Tech View: Nifty downside support getting stronger. What traders should do on Thursday
The Nifty index formed a shooting star-like pattern on Wednesday, facing resistance levels around 19,800 after gaining 98 points. Analysts suggest that the support zone will be in the range of 19,615-19,560, while the upside target is seen at 19,830-19,850. According to Prashanth Tapse, the technical landscape of the Nifty suggests consolidation, with interweek support […]
Poonawalla Fincorp sells controlling stake in housing finance arm to Singapore company for Rs 3,004 crore
The Cyrus Poonawalla Group, more known for its vaccine-making business under the Serum Institute, in a statement said the financial consideration of Rs 3,004 crore is excluding the tax outgoes. With this sale, Poonawalla Housing Finance will cease to be a subsidiary of Poonawalla Fincorp, and Perseus will be holding a controlling stake.
Will Tata Motors enjoy a twin-engine effect for the next 2-3 years? Here’s what CFO Balaji says
“India PV business continues with their plan because we do expect that even if we assume that 30% of the auto market will become electric, the remaining 70% is still ICE. Therefore, we will continue to have offerings on that front. There is a clear rub-off from the EV business onto the PV business in […]
Ashish Kacholia adds multibagger to portfolio in Q1, slashes stake in 7 others
Kacholia’s 1.97% stake purchase in Venus Pipes comes on the back of a strong rally in the stock with multibagger returns of more than 240% in the last 12 months, which are almost 20 times higher than the returns given by S&P BSE Sensex during this period. In this year alone, the stock price has […]
Should you buy, sell or hold Asian Paints after mixed Q1 earnings?
Asian Paints on Tuesday reported a 52.5% year-on-year (YoY) rise in consolidated net profit for the quarter ended June to Rs 1,550.37 crore. Consolidated revenue from operations increased nearly 7% YoY to Rs 9,182.31 crore, but was lower than the estimated Rs 9,358 crore.