Adani stocks surge up to 8%; Adani Green, Adani Wilmar among top gainers
The gains in Adani Green Energy were following the company’s announcement that its wholly-owned step-down subsidiary Adani Renewable Energy Fifty Nine Limited has entered into power purchase agreements (PPAs) with Solar Energy Corporation of India (SECI) for the supply of 534 MW of solar power projects
F&O stocks to buy or sell today: Maruti, ICICI Bank among top 9 trading ideas
Positive setup was seen in stocks like Abbot India, ICICI Bank, and Bajaj Finance while weakness in NALCO, SAIL, NMDC, RBL Bank, Hindustan Copper, India Cement, M&M Finance, MCX, Vedanta, etc. among others.
Hot Stocks: Brokerage view on ITC, Godrej Consumer, Coal India and L&T
JPMorgan maintains overweight rating on ITC and Godrej Consumer Products. Jefferies has a buy rating on Coal India with a target price of Rs 520, and CLSA recommends a buy on L&T with a target price of Rs 4260.
Switched AUM trail commissions: What does it mean for investors and distributors? Sanjay Shah answers
Sanjay Shah, CMD of Prudent Corporate Advisory Services, discusses the impact of AMFI’s new circular on AUM trail commissions, the benefits for investors, and the shift in investor preferences for lump sum investments away from small and midcaps. Shah says there is no change as far as TR or expense ratio is concerned because otherwise […]
Laapataa Bulls: Small- and mid-cap shares see sharpest drop in over two years
The advance-decline ratio — a widely watched indicator of the overall market health — on Wednesday hit its lowest in two years, and the fourth lowest since 2010, pointing to panic in the broader market.
Bubble bath on Dalal Street: Small, midcaps catch a cold
The Sensex fell 1.23%, or 906.07 points, to close at 72,761.89 and the Nifty 1.51%, or 338 points, to close at 21,997.70. Of the 50 stocks in Nifty, 43 declined. The selloff eroded India’s market capitalisation by ₹13.5 lakh crore in a single day.
No immediate plan to sell part of SUUTI stake in ITC: DIPAM
SUUTI held a 7.82% stake in the diversified conglomerate ITC as of December 31, 2023. SUUTI had last diluted 2% of its stake in ITC in February 2017.
Indian stock markets nowhere near bubble territory: Uday Kotak
Veteran banker Uday Kotak said on Wednesday that Indian stock markets are nowhere near bubble territory. He made this remark in the presence of Sebi chief Madhabi Puri Buch, who earlier this week raised concerns of potential “froth” or “bubbles” in pockets of the market.
ITC gains 4.5% on BAT stake sale, analysts see another 10-15% upside
“Major uncertainties hovering around the stock are over, while business fundamentals are intact,” said Kaustubh Pawaskar, analyst, Sharekhan. “Efficient capital allocation plan and strong dividend payout make it a preferred pick in the large-cap FMCG space with attractive valuations.”
ICICI PRU MF biggest buyer in BAT stake sale at Rs 4,963 crore
ICICI Prudential Mutual Fund was the biggest buyer in the deal with the fund house buying roughly 28% of shares valued at ₹4,963 crore.