Railway multibaggers tank up to 33% since Interim Budget. Here’s how much IRFC, RVNL shed
Stocks like Texmaco and BEML have shed around 30% or more while IRFC, RailTel, and RVNL have dropped over 25% since the Interim Budget on February 1.
Tech View: Nifty forms Inside Bar candle in pullback rally. What traders should do on Friday
Nifty’s Inside Bar candle signals a potential trend reversal, with key support at 21,860. Analysts predict resistance at 22,200-22,250 levels. Open Interest data reveals highest OI at 22,400 and 22,500 strike price, shaping trading strategies for the upcoming sessions.
D B Realty raises Rs 920 cr by selling shares to institutional investors via QIP
D B Realty on Thursday said it has raised Rs 920 crore by selling shares to institutional investors, including Morgan Stanley Asia, to fund its real estate projects and strengthen balance sheet.
43 lakh new demat accounts added in February, total count now stands at 14.80 crore
Central Depository Services (India) Limited continued its market dominance gaining market share in February 2024 in terms of the total number of demat accounts added. It has also seen an increase in market share on a month-on-month basis.
Earlier, it was about functionality in a car, now it is about aspiration: Shashank Srivastava, Maruti Suzuki India
Shashank Srivastava reflects on Maruti Suzuki’s evolution, from its significant contributions to the Indian manufacturing sector to adapting to changing consumer trends like the rise of SUVs and EVs amidst a shifting market landscape. When Maruti came and so many investments came in, a large production base was built; a lot of vendors shifted there […]
Bandhan Bank, Devyani International among 6 midcap stocks that earned downgrades in last 1 month
Trendlyne data shows that four brokers have downgraded the target price on Bandhan Bank. Brokers have set an average target price of Rs 256 on the stock, indicating an upside potential of 44% from the current market prices.
An $80 billion crash in smallcaps flashes warning signs
A sharp correction in small-cap stocks is affecting the broader Indian market. The index of small-cap stocks has lost over $80 billion in market value. The MSCI India Index is lagging behind Asia Pacific index. The regulator expressed concern about price manipulation in new listings.
NMDC’s ‘Made in China’ problems to trigger earnings downgrade, says Kotak Equities; stock falls 4%
“NMDC’s fines prices are at a 35% premium to export parity and we expect a sharp cut in prices, likely in April 2024. We also believe that the best volume growth is behind us in 11MFY24 and will see only a moderate 3.8% CAGR over FY2024-26E, similar to last decade,” the Kotak note said.
PSU bank stocks ride past private sector peers in 2024, but how long will good days last?
Private banks lost to public sector banks in 2024 as the latter gave double-digit returns. HDFC Bank saw a correction in share prices, FIIs sold financial stocks, and Goldman Sachs issued a “sell” call on YES Bank. PSU banks rallied, but caution is advised in the sector.
Too little, exclaims Kotak Equities after multi-billion dollar smallcap crash
While the downside seen in high-flying small and midcaps looks big on the immediate scale, it is quite small in the context of the large returns of the past year. Nifty Midcap100 and Nifty Smallcap100 are down 5% and 10% in the past one month but they are still up 53% and 58%, respectively, in […]