Epack Durables shares to debut tomorrow. What GMP signals ahead of listing?
The shares of Epack Durables will debut on the bourses on Tuesday following a successful IPO, which was subscribed 16 times at close. Ahead of the listing, the company’s shares are trading with a marginal premium of Rs 6 as against an issue price of Rs 230.
Softer growth in central & state capex seen; construction to support rural incomes next couple of years: Pranjul Bhandari, HSBC
Pranjul Bhandari of HSBC predicts that in FY25, both central and state government capex will grow at a slower clip. However, this slowdown may not be negative for growth as the central bank is expected to implement looser monetary conditions. Bhandari suggests that the central bank will ease liquidity, which can effectively act as a […]
Tech View: Nifty looks poised for another breakout. What traders should do on Tuesday
Nifty on Tuesday ended 385 points higher to form a long bull candle on the daily chart, indicating chances of an upside breakout of the hurdle at 21750 in the short term.
Oil stocks in deep green amid Red Sea crisis. ONGC shares jump 8%
Oil stocks jumped up to 8% on Monday led by gains in state-run Oil & Natural Gas Corporation (ONGC) and market heavyweight Reliance Industries (RIL) on fuel supply concerns in the aftermath of a missile attack on a Trafigura-operated fuel tanker in the Red Sea.
SBI Cards shares plunge over 6% post Q3 earnings. Here’s what brokerages recommend
Shares of SBI Cards and Payment Services plunged over 6% to the day’s low of Rs 710.50 on the BSE in Monday’s trade reacting to the not-so-optimistic view on the company’s growth outlook by a clutch of top domestic brokerages. Following SBI Card’s December quarter earnings, Motilal Oswal downgraded the stock to ‘Neutral’ while Nuvama […]
Vodafone Idea Q3 results today: Will the telecom operator pleasantly surprise or disappoint?
Vodafone Idea Ltd is expected to see a sequential improvement in performance in the December quarter. Net loss is seen narrowing from the September quarter, while consolidated revenue is expected to remain flat. Average revenue per user (ARPU) is likely to rise 1% sequentially. However, net subscribers are expected to decline.
HDFC Bank shares rally 2% as LIC ready to play white knight
HDFC Bank stock is trading at decadal-low valuations of about 2.1 times to book value. Not just LIC, but other long-term investors are finding value in the stock.
Zerodha hit by tech glitch, affected traders demand compensation
Traders on Zerodha, India’s second largest broking platform, faced a technical glitch, leading to intermittent issues with order placement on the Kite app. Zerodha resolved the connectivity problem and expressed regret for the inconvenience caused. Affected traders sought compensation for their losses and expressed their grievances on social media. This incident follows a similar technical […]
Qualitek Labs shares list at 90% premium over IPO price
The public issue of Qualitek Labs received good response from investors with the overall subscription at nearly 59 times. The category reserved for retail investors was booked 39 times, followed by other investors at 69.37 times.
Hot Stocks: Brokerage firms on HDFC Bank, Dalmia Bharat, SBI Life and IOC
Macquarie maintained outperform rating on HDFC Bank with target price of Rs 2075. The bank is consolidating, focusing on NIMs. Deposit growth must exceed loan growth by 400bps over next 3 years for pre-merger NIMs. CLSA raised target price for SBI Life to Rs 1730, it has limited impact of surrender value regulations. SBI’s wide […]