Big Movers on D-Street: What should investors do with Tata Power, IIFL Fin, Century Textiles?
The 30-share BSE Sensex ended 33 points higher or 0.1% to settle at 74119 points. The NSE Nifty gained 19 points or 0.1% to end at 22493 points.
Oil prices fall on China demand worries
“Worries over weak demand in China outweighed the extension of supply cuts by OPEC+,” said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities, adding that mixed signs from U.S. jobs data prompted some traders to adjust positions.
AG&P Pratham, Think Gas set for $1.1-billion merger
The combined entity will be valued at over $1.1 billion, acquiring the heft that will help it compete with rivals. It will be a stock-for-stock merger — a share of one company for each of the other. Currently, I-Squared holds 100% stake in Think Gas Distribution and 73% in AG&P Pratham, the India arm of […]
Biggest play: NARCL offers ₹10,000 crore for JP Associates’ loans
In the case of JAL, State Bank of India has the largest debt hold at 26%, followed by ICICI Bank at 19% and IDBI Bank at 11%. The company has total principal outstanding debt of ₹17,700 crore as of March 2023. This includes ₹650 crore that Ares SSG Capital-backed Asset Care & Reconstruction Enterprises (ACRE) […]
Analysts cautious on NLC OFS over rich valuations
On the first day of the offer for sale (OFS) on Thursday, the non-retail investor category was subscribed 2.92 times. The government is selling as much as 97 million shares (including the green shoe option) in the OFS and has set the floor price at ₹212 a share. The stock fell 3.3% to ₹219.10 on […]
At Popular Vehicles, job cards score over sales, making its issue a long-term bet
The Kerala-based company has demonstrated a disproportionately high share of operating profit from the superior-margin services business compared with new car sales, thanks to its strong last-mile network in the southern states.
Nifty on a roll, could head towards 23,000: Analysts
Nifty ended last week at its highest point, indicating a continuation of the uptrend. FIIs started this series with short positions, but as the index marched higher, they covered some of their shorts and added longs.
Bullish setup in Bank Nifty, bank stocks may run up
The Bank Nifty index has gained nearly 8% to 48,161 zone in the last four weeks and is just 1.5% away from its lifetime high of 48,636.
Key technical ratio hints at weakening of broader rally
The ratio for all BSE stocks has fallen to a monthly average of 0.83 in March, the lowest since the same period a year ago. A declining ADR means more stocks are falling as against the gainers.