Nifty 10% overvalued? Kotak Equities replaces ITC with Infosys in its portfolio
The October 2023 concentrated All-Season Portfolio consists of stocks viz. Nestle India, Cipla, Bajaj Auto, Tata Consultancy Services (TCS) and Infosys. Apart from ITC, NTPC also made an exit from its portfolio and replaced it with Cipla.
Eicher Motors shares fall over 4%, Maruti Suzuki 3%. Here’s why
The Nifty auto index was one of the worst performing sectors and fell 0.87% and was trading at 16,042.85. In the 15 stock index only three advanced at 10:15 pm while the remaining declined.
JSW Infrastructure shares debut at 20% premium over IPO price
JSW Infrastructure has priced the issue in the range of Rs 113-119 per share. The IPO, which is entirely a fresh equity issue of Rs 2,800 crore, was subscribed 37 times at close.
Chart Check: Nearly 50% rally in 3 months! Should investors buy or book profits in this cable maker?
Short to medium-term traders can look to buy the stock for a target of Rs 5650 in the next 1-2 months, they say.
Hot Stocks: Brokerages view on Vedanta, HUL, Dabur and Avalon Technologies
Emkay initiated coverage on Dabur India and InCred also initiated coverage on the EMS industry.
Vaibhav Jewellers shares list unchaged at Rs 215 on exchanges
The IPO of Vaibhav Jewellers was fully subscribed on the last day of the bidding process. The overall subscription stood at 2.25 times at close. The issue was priced in the range of Rs 204-215. The IPO comprised a fresh issue of Rs 210 crore and an offer for sale (OFS) segment of up to […]
Positive Breakout: PI Industries and 7 other stocks cross above their 200 DMA
At multi-year highs: Coal India among 4 stocks that saw 5-year swing high breakout
Break of 19,500 to weaken Nifty further: Analysts
For traders considering long positions, stocks like Bajaj Finance, DLF, Granules, Grasim, Sun Pharma, Hero Motocorp, NTPC, and Tata Power are worth considering.
Sudden CEO exits can bring protracted investor pain
On Friday, Navin Fluorine, a chemical company plummeted by as much as 15%, marking its most significant single-day decline in eight years, following the sudden resignation of its CEO. Shares of over a dozen companies, in which top executives resigned abruptly in the last one year, have seen similar falls. Only half of these stocks […]