S&P cuts Vedanta Resources’ rating; puts it under ‘CreditWatch negative’
The proximity of Vedanta Resources’ large bond maturity in January 2024 has increased the likelihood of the company undertaking a liability management exercise, S&P Global said. The parent of Vedanta Ltd has initiated talks with bondholders to help address the company’s bond maturities of about $3 billion, including $1 billion in January 2024
10 IT stocks that saw highest jump in Q1 sales growth
With the second quarter ending on Friday, D-Street will now await results for the quarter gone by. Ahead of the earnings season, let’s have a look at IT stocks that saw the maximum jump in sales growth in Q1. (Data source: Ritesh Presswala | Ace Equity)
Moody’s upgrades Tata Power to Ba1 from Ba2 amid stable outlook
Under Moody’s base case projection, Tata Power’s operating cash flow pre-working capital to debt (CFO pre- WC/debt) will remain solid at 9%-11% over the next two to three years
These 8 financial services stocks record their 52-week highs
During Friday’s trading session, the BSE Sensex saw an increase of around 320 points, closing the day at 65,828. In the midst of this upward trend, 8 stocks listed on the BSE Financial Services index reached their highest prices in the past 52 weeks. The 52-week high serves as a critical technical indicator to assess […]
Tech View: Nifty forms small green candle. What traders should do next week
A sustainable move above 19770 levels could bring bulls back into action. A slide below 19500 is expected to resume sharp selling momentum, said Nagaraj Shetti of HDFC Securities
Valiant Laboratories IPO fully subscribed on Day 3. Check GMP & other details
The offer, which is priced at Rs 133-140 apiece, is completely a fresh equity issue of 1.08 crore shares. Investors can bid for a minimum of 105 shares in one lot and in multiples thereof.
Top 10 stocks with impeccable track record in October month
In the last 10 years, October has proved to be one of the best months for Nifty Bulls as the index has given a positive monthly return nine out of 10 times, with the average return being 2.9%.
FIIs net short by Rs $733 million in Sept series, highest since March lows
Their stance during the September series was contrary to the net long positions of $20 million held by them during the previous expiry, the report said further.
Saraf and Hyatt-owned Juniper Hotels files for Rs 1,800 crore IPO
Juniper Hotels, owned by Saraf Group, has filed its Draft Red Herring Prospectus (DRHP) with Sebi to raise funds for its IPO. The IPO will consist of a fresh issue of equity shares worth up to Rs 1800 crore. The proceeds will be used for debt repayment and general corporate purposes. Juniper Hotels is a […]
Only 9 Nifty stocks give double-digit returns in Q2; can largecaps find favour in Q3?
The Nifty 50 net gained about 2% in the current quarter, compared to the 10% gains it clocked in the June quarter. Nine of its 50 constituents gave 10-26% returns in the September quarter. Of these 9 constituents, three are public sector companies. The nine stocks are Coal India, NTPC, Larsen & Toubro, Oil and […]