Stocks in news: Zomato, Aster DM Healthcare, PCBL, IREDA, Siemens
Tata Power’s renewable energy arm gets a letter of award for development for a 200 MW firm and dispatchable renewable energy project with SJVN.
Stocks to buy: Sun Pharma, Tata Motors among 6 short-term trading ideas by experts
Amid a volatile trading session Indian benchmark indices ended in the green on Tuesday breaking from their two sessions losing streak. India VIX stood at 12.18, up 7.45% on Tuesday.
Bitcoin retakes $38,000 while rate cut expectations increase
The largest cryptocurrency by market value gained as much as 3.3% to $38,264 before trimming the increase. Bitcoin reached an 18-month high of $38,422 on Friday. Lower rates generally increase investors’ appetite for riskier assets such as digital tokens.
Hot Stocks: Brokerages view on Siemens and PCBL
Meanwhile, JM Financial and Nuvama retain their buy rating on the latter, after the company approved acquisition of shares of a chemical company.
Big movers on D-Street: What should investors do with NDTV, TCS and Suzlon?
Stocks that were in focus included names like NDTV, which rose 12%, TCS, which jumped 0.4%, and Suzlon Energy, whose shares declined 4% on Tuesday.
Jana Small Finance Bank gets Sebi nod for IPO
Jana would be the seventh small finance bank (SFB) to be listed. The already listed small finance banks are AU, ESAF, Equitas, Suryoday, Ujjivan and Utkarsh out of the 12 licensed by the Reserve Bank of India
Companies pay more for debt fundraise as liquidity’s tight
Over the past year-and-a-half, as the Reserve Bank of India has raised interest rates and progressively drained the banking system of excess liquidity, the spreads between government bond (Gsec) yields and AAA-rated corporate bond yields have shot up.
Diversified construction companies in focus as award of govt road orders slows
Over the past year, awarding of road projects has been below the target. In FY23, the National Highways Authority of India (NHAI) awarded 6,003 km of road projects compared with a target of 6,500 km. In the first half of FY24, MoRTH awarded road projects of close to 2,595 km during the period compared with […]
Discount brokers top in client tally, bank-led companies rake in higher fees
According to the study, the market share of discount brokers’ active clients has climbed from 8% in FY18 to 49% in FY23. In terms of revenue, their market share also increased from 8% to 26% during the same period.
TCS’ Rs 17,000-crore share buyback to open on Dec 1
“The company believes that the buyback is not likely to cause any material impact on the profitability or earnings of the company except to the extent of reduction in the amount available for investment, which the company could have otherwise deployed towards generating investment income,” TCS said in a regulatory filing.