Entero Healthcare’s Rs 1,600-cr IPO to open on Friday. 10 things to know
The IPO comprises a fresh equity issue of Rs 1,000 crore and an offer for sale of up to 47.69 lakh shares. Under the OFS, Prabhat Agrawal, Prem Sethi, Orbimed Asia Iii Mauritius, Chethan MP, Deepesh T Gala, among others, will offload shares.
Tech View: Nifty forms long red candle on daily chart. What traders should do on Friday
The short-term trend of Nifty seems to have turned down and one may expect some more weakness in the short term. The near-term uptrend of the market remains intact and further weakness down to the immediate support of 21,550-21,500 levels could be a buying opportunity, said Nagaraj Shetti of HDFC Securities.
Delhi MCD passes Rs 16,683 crore budget amidst corruption accusations
The Municipal Corporation of Delhi House passed a budget of Rs 16,683 crore for the 2024-25 financial year without a vote amid accusations of corruption against the mayor. The budget estimates for 2023-24 and 2024-25 were also approved. The House could only function for five minutes as the budget was read amidst shouts of accusations. […]
Technical Stock Pick: Breakout from a ‘Flag’ pattern could take Gabriel India to fresh highs; time to buy?
A clear breakout from the pattern could take the stock to fresh record highs above 440 in the short to medium term, suggest experts.
Paytm shares tumble over 9% as investors start losing hope after 2 days of relief rally
Shares of crisis-ridden One 97 Communications, which runs Paytm, dropped 9.4% to hit a low of Rs 450 on BSE. Investors lost patience after a meeting between Paytm founder Vijay Shekhar Sharma and Finance Minister Nirmala Sitharaman and RBI officials yielded no positive results. Paytm shares have lost about 41% of their value since the […]
Trent shares surge 23% in two sessions on strong Q3 results. Should you buy at current levels?
Fashion and lifestyle player Trent reported a 124% year-on-year (YoY) surge in consolidated net profit at Rs 374.36 crore for the quarter ended December 30. The profit stood at Rs 167 crore in the corresponding quarter last fiscal.
Bank & other rate-sensitive stocks fall up to 8% post RBI policy decision
The RBI on Thursday left the repo rate unchanged at 6.50% following the conclusion of its three-day monetary policy meeting. This is the sixth consecutive time the central bank has left policy rates untouched and the longest pause in rates since 2008 in a rising interest rate environment.
2 PSU insurance stocks zoom 14%. What’s the good news?
Shares of General Insurance Corporation of India jumped 13.9% to a fresh 52-week high of Rs 466 while those of New India Assurance Company rallied 14.3% to a new high of Rs 311.85 on BSE.
Hot Stocks: Brokerages view on Trent, Nazara Technologies, Nestle and JB Pharma
Citigroup maintained a buy rating on Nestle India post Q3 results with a target price of Rs 2900. The company reported steady revenue growth and guided for a margin expansion in Q4CY23, it said.
F&O stocks to buy: Maruti, SBI among top 9 trading ideas for today
Positive setup was seen in stocks like Trent, Canara Bank, AB Capital, SBI, DLF, Indian Hotels, PFC, GMR Infra, Motherson, REC Ltd, UltraTech Cements, Alkem and Ipca Laboratories.