Jyoti CNC Automation to launch Rs 1,000 crore-IPO on January 9. Check details
The company had filed its draft red herring prospectus (DRHP) with the market regulator in September 2023. The IPO is completely a fresh issue worth Rs 1,000 crore. The price band for the public offer will be announced soon. The share allotment for the IPO will be finalised on January 12 and the listing date […]
Tech View: Nifty candle hints at bearishness in near term. What traders should do on Wednesday
Nifty on Tuesday ended 76 points lower to form a reasonable negative candle on the daily chart with a minor lower shadow, which technical analysts say indicates a reversal in the short-term.
FMCG will continue to grow but there will be a shift from mass to niche brands: Anand Ramanathan, Deloitte India
Anand Ramanathan says: “Overall the market looks good, particularly rural India and hence as demand strengthens, some of these pressures of inflation will soften. Also, 60-70% of an FMCG brand’s cost comes from the cost of raw material and therefore, inflation and geopolitics and commodity prices, etc, have impact on pricing which many a times […]
Were expectations of FII flows coming back with a bang in 2024 misplaced? Shibani Sircar Kurian answers
Shibani Sircar Kurian says: “So far earnings have been predominantly led by domestic businesses, which are still holding up well. The second sector, which has also been a key contributor to earnings has been the banking sector. Incrementally, we are seeing some degree of margin pressure and therefore, you need to moderate earnings from that […]
Nithin Kamath on Zerodha tech glitches: Impossible to never have incidents
In 2023 alone, Zerodha admitted to at least eight technical glitches with issues varying from those relating to login on the Kite app, display of orders and positions as well as order placements. To minimize the impact of any potential issues, he said they have made significant architectural changes over the years.
F&O Stock Strategy: How to trade Tata Chemicals, Hero Moto, Concor today
Tata Chemicals had been consolidating in the range of 900 and 1150 for the past two years. But last week, the stock saw fresh momentum to cross its 50-day Moving Average (DMA).
New Year-2024 stock picks: 8 largecap ideas that can rally up to 25%
Several domestic brokerage firms have come up with a list of some promising largecap stocks for the new year 2024 based on their assessment of the market and outlook
Vedanta faces investor reckoning over $3.2 billion of bonds
Vedanta’s dollar notes due this month were the most supportive of the firm’s liability management exercise, while the remaining three trade below the 80 cents on the dollar mark often considered indicative of distress. Still, the bond due in August 2024 rose 3.5 cents on the dollar in December to 66.4 cents, according to Bloomberg-compiled […]
Technical Stock Pick: This Sensex stock from telecom space likely to surpass 1100 levels to hit fresh record highs
Short-term traders can look to buy the stock on dips for a possible target above 1100 levels in the next 3-4 weeks, suggest experts.
Hot Stocks: Jefferies upgrades JSW Steel, Motilal Oswal sees over 20% upside in Lemon Tree
The global investment bank maintained a buy rating on Coal India but raised the target price to Rs 450 from Rs 425 earlier.