Bajaj Finance board to mull fundraising via preferential issue, QIP on October 5
Bajaj Finance had a liquidity buffer of Rs 12,704 crore as of June- end. The capital adequacy remained strong at 24.61% as of June 30, with tier-1 capital at 23.01%
Nuvama Wealth Management’s stock market debut on September 26
The demerger of the wealth management business was completed following the approval from the National Company Law Tribunal (NCLT) on April 27. The scheme of arrangement came into effect on May 18, 2023. Post the demerger, Nuvama plans to enhance focus on its key business segments and grow the client assets significantly over the next […]
Nifty forms bear candle on weekly charts. What traders should do on Monday
The short-term trend of Nifty continues to be weak. Having placed near the crucial lower supports, there is a possibility of minor upside bounce from near 19550 levels by next week. The anticipated upside bounce could be short-lived and the market
10 penny stocks turn multibaggers, deliver up to 410% returns post Q1. Do you own any?
At a time when Nifty50 delivered only 2.5% returns post Q1 of the financial year 2024 (1st July – 20th September 2023), several penny stocks have rallied 130-410%.
Chart Check: Down nearly 10% from highs! This Sensex stock is showing signs of trend reversal; time to buy?
Short-term traders can look to buy the stock for a target of Rs 500 in the next 2 months, suggest experts.
BSE to discontinue stop loss orders across market segments from Oct 9; will it impact traders?
The decision comes in light of a recent instance of wide price movement in Sensex call option of 67,000 strike on September 8, on account of Stop Loss Market Order (SL-M) without due price protection. Due to a market order, the premium that was trading at Rs 4-5, shot up to Rs 209 for a […]
How Kotak Equities tweaked its largecap portfolio
Kotak has increased weights by 20 bps on Britannia Industries and GCPL to 1.5% each while reducing weight on Macrotech by 40 bps to 1.5%, it said in a note. A sharp increase in profitability over 2HFY23-1QFY24 has sustained valuations of consumption-related stocks despite volume growth remaining “fairly disappointing”, the Kotak note said.
These 10 stocks that rallied up to 227% in 6 months still trade well below industry P/E
The midcap and smallcap segments of the stock market have seen significant gains in the past six months, outperforming the Nifty 50 and Sensex benchmarks. An analysis of stocks with a market capitalization of at least Rs 1,000 crore identified 10 companies that have delivered high returns but are still trading below the industry average […]
SAMHI Hotels lists at 7% premium over issue price
The issue comprised fresh issuance of equity shares worth Rs 1,200 crore and an offer for sale (OFS) up to 1.35 crore equity shares. The IPO was priced in the range of Rs 119-126 per equity share.
Lacklustre Start! Zaggle Prepaid shares list at IPO price
Zaggle Prepaid, a fintech Saas company, made its debut on the NSE and BSE at the IPO issue price of Rs 164 and Rs 162, respectively. The IPO received a good response from investors, being booked 12.57 times. However, analysts expressed caution due to the company’s aggressive valuations. The IPO consisted of a fresh issue […]