Infosys, L&T among top 5 stocks that HDFC MF sold in August
One of India’s top fund houses HDFC MF increased holdings in stocks like HDFC Bank and Coforge but pared stake in others like Infosys and Power Finance Corporation. Here are the fund house’s top reductions in August 2023.
Positive action likely on weekly expiry. What should Nifty traders do?
As for the Bank Nifty which had a weekly expiry on Wednesday, the series witnessed short covering with an increase in price of 3.87% and decrease in OI by 16% where there was shedding of over 4 lakh shares in OI, decreasing from 25.17 lakh to 21.15 lakh shares. The Bank Nifty August series rollover […]
Kacholia-backed Zaggle Prepaid IPO opens. Should you subscribe to the issue?
Proceeds from the fresh issue would be utilised towards customer acquisition and retention, development of technology and products, payment of debt and for general corporate purposes.
Hot Stocks: Brokerage view on Fusion Micro, IDFC First, Tarsons Products and L&T
Investec initiated coverage on IDFC First Bank with a hold rating and a target price of Rs 103. Balance sheet stability should ensure high growth.
L&T sets share buyback tendering period between September 18 and 25
The engineering & construction major had increased the final buyback price to Rs 3,200 from Rs 3,000 earlier. Besides increasing the buyback price, the company has also approved to reduce the number of shares to be bought back from investors to 3.12 crore, which represents 2.22% of equity. The company had earlier proposed to buy […]
Golden Crossovers: Oriental Aromatics among 5 stocks signaling further bullishness
Big movers on D-Street: What should investors do with NIIT, PNB and Aarti Drugs?
Stocks that were in focus included names like NIIT, which rose 20%, PNB, which gained 8.5%, and Aarti Drugs, whose shares jumped 3% on Wednesday.
F&O Ban: REC, IEX among 9 stocks under ban on Thursday
Indian benchmark indices ended Wednesday with gains led by buying action in bank and financial stocks. While the Nifty50 settled at 20,063.45, up by 70.25 points or 0.35%, the S&P BSE Sensex finished at 67,466.99, higher by 245.86 points or 0.37%. Banking gauge Nifty Bank closed higher by 398.10 points or 0.87% at 45,909.45.
Chip designer Arm targets $52 billion valuation in year’s largest IPO
British chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release. The company, which is a world leader in smartphone chip design and is owned by the Japanese tech investor SoftBank, has announced it will […]
Records tumble as bulls lead in market relief rally
Analysts said upsides in the stock benchmarks were capped as investors and traders were, at the time, awaiting US consumer inflation data after trading hours in Mumbai on Wednesday.