View: Interim Budget balances fiscal discipline, welfare & growth
This year’s interim budget, presented by Finance Minister Nirmala Sitharaman, takes place in a turbulent global economic environment. Despite this, the budget maintains a balance between economic growth and fiscal consolidation, with a fiscal deficit of 5.1% of GDP. The budget also supports capital expenditure and rural infrastructure, promotes investment in post-harvest infrastructure, and establishes […]
Tech View: Nifty forms bearish shooting star candle. What traders should do next week
The short-term uptrend status of Nifty remains intact. But, the overall chart pattern suggests a possibility of high volatility at the new highs. Any attempt of upmove from here could encounter strong resistance around 22,100 -22,200 levels and that could possibly result in short-term weakness from the highs.
ICICI Prudential MF dumps 2% ZEE stake following Sony-merger collapse
According to an exchange filing, I-Pru MF has sold 2.06 crore shares or 2.15% stake between January 20 and January 30 in a series of secondary market transactions. At the end of the December quarter, the fund house held a 7.25% stake in the company and post the stake sale, it has about 5.09%.
Over 1200 stakeholders from 14 PLI schemes to discuss scheme progress tomorrow
Over 1,200 stakeholders, including government officials and industry players, will discuss the progress of 14 Production Linked Incentive (PLI) schemes. The meeting aims to set higher standards of achievement and facilitate effective implementation of the PLI schemes. The schemes, announced in 2021, cover sectors such as telecommunications, white goods, textiles, medical devices, automobiles, and more.
Sebi panel suggests abolishing security deposit requirement in public issues
An expert committee formed by Sebi on Friday suggested to abolish the requirement of a mandatory security deposit with the exchanges before a public issue, a move that could make it easier for companies to access the primary market.
Budget stocks to buy: Over 50 promising ideas on investor radar across sectors
Finance Minister Nirmala Sitharaman resisted the lure of populist schemes in an election year but followed the fiscal deficit consolidation path by maintaining its investment-led spending growth strategy. Stocks from several sectors like tourism, housing finance, solar, rail, microfinance and auto will be key beneficiaries.
A 5,800% renewables stock boom has some D-Street investors worried
SG Mart Ltd., a Gujarat-based solar and wind energy producer, has soared over 5,800% since November 2021 — when Prime Minister Narendra Modi announced that India aimed to boost clean energy to more than two-thirds of overall capacity. Gensol Engineering Ltd. has rallied more than 3,200%, Zodiac Energy Ltd. 1,000% and Waaree Renewable Technologies Ltd. […]
Indian Overseas Bank becomes 5th PSU bank to cross Rs 1 lakh crore market cap
In Friday’s trade, the stock rose over 6.5% to hit a 52-week high at Rs 55.5, backed by heavy volumes on the NSE. A total of 5.71 crore equity shares worth Rs 310.7 crore have changed hands so far. IOB is the fifth public lender after the State Bank of India (SBI), Bank of Baroda, […]
Stellar debut! delaPlex shares list at 61% premium at Rs 309
The stock of delaPlex was listed at a premium of 61% at Rs 309 on the NSE on Friday against the issue price of Rs 192. The uptick in stock continued as it hit the day’s high of Rs 324.45.
Tata Motors Q3 results today: 5 key things that Dalal Street needs to know
Tata Motors Q3 results today: Tata Motors is set to release its Q4 earnings, and expectations are high. Strong demand for passenger and commercial vehicles in India, as well as growth in JLR volumes, are expected to drive double-digit earnings growth. Investors will also focus on the outlook for Indian and international markets, as well […]