Embassy Office Park shares fall 5% on Blackstone Group’s likely exit via block deal
The shares however, pared their losses as the session proceeded and at 11:20 the Embassy Office was down by 0.22% and was trading at Rs 335 on the NSE.
F&O stock strategy: How to trade Voltas, Coal India?
The Futures Open Interest (OI) indicated a buildup of long positions in Nifty futures with the Long-Short Ratio standing at 59.99% on December 18 as the FPIs continued to increase their exposure to long in the index futures, Ashwin Ramani, Derivatives & Technical Analyst, SAMCO Securities said.
Hot Stocks: Brokerage view on Container Corp, Ashok Leyland, Jindal Stainless and Manappuram Finance
Goldman Sachs maintained a buy rating on Container Corp but raised the target price to Rs 850 from Rs 750 earlier. The global investment bank expects a steady Q3 despite the busy season surcharge. It expects an 8% growth in volume for the quarter, and margins to be lower.
Azad Engineering IPO: Should you subscribe to this Rs 740-crore issue?
Azad Engineering IPO comprises fresh equity of Rs 240 crore and an offer for sale (OFS) of Rs 500 crore. Under the OFS, promoter Rakesh Chopdar, Investor Piramal Structured Fund, and DMI Finance will offload shares.
IndusInd Bank likely sells Rs 762 crore stake in Nippon Life AMC via block deal
Exchange data showed that 1.78 crore shares of Nippon Life AMC changed hands in block deal window following which the stock rallied up to 8.2% to the day’s and 52-week high of Rs 486.80.
F&O stocks to buy today: IDFC First, Voltas among top 6 trading ideas
The S&P BSE Sensex rose more than 100 points while the Nifty50 closed above 21450 levels on Tuesday. Nifty futures closed positive with gains of 0.24% at 21529 levels.
FirstCry set to file for IPO, eyes $500-600 million raise
FirstCry will be the second Indian vertical e-commerce platform to go public after Nykaa’s IPO in 2021. The Pune-headquartered company specialises in selling products for kids and mothers across online and offline formats.
MNC capital goods stocks gain traction on govt’s planned infra and capex push
This optimism is driven by government initiatives that support incremental capital expenditure, a revival in specific segments of the private sector, and a more favourable growth outlook in international markets.
Vedanta plans to raise Rs 3,400 crore through NCDs
Earlier this week, the company also announced its second interim dividend of ₹11 per share, entailing a payout of ₹4,089 crore.
Public sector banks could re-rate further: Analysts
“Several PSBs have raised capital from the market and have a healthy Tier-1 ratio, which should aid business growth, particularly as the capex cycle revives post general elections,” said Motilal Oswal’s analysts Nitin Aggarwal, Dixit Sankharva and Disha Singha in a note to clients.