After bright flare on D-Street, OMC stocks may shed gains
A Rs 2 cut in prices of petrol and diesel per liter on March 15 is likely to reduce gross marketing margins by Rs 1.8-1.9 per litre or 30-45% from the current levels. Before the price cut, the per litre marketing margin was Rs 6.1 on petrol and Rs 3.5 on diesel on the spot […]
Tata Sons plans to sell Rs 9,300 crore slice of TCS
As of December 31, 2023, Tata Sons held a 72.38% stake in TCS. The stock slid 1.75% to ₹4,144.75 on the BSE Monday. TCS has a market capitalisation just north of ₹15 lakh crore – nearly half the total market value of all the Tata Group listed companies at ₹31.09 lakh crore.
DBS looks to be a banker to startups
DBS Bank is considering several startups including in healthcare, technology, and firms using Artificial intelligence (AI) in financial services such as insurance; transportation, logistics and retail, waste management companies and supply chain logistics spaces, Verma said.
Promoters purchase big in March fall
Jindal Stainless, JSW Energy, Zydus Wellness, Nuvoco Vistas, and Bharat Wire are among the companies in which promoters have purchased shares from the open market.
Hot Stocks: 3 stocks which can give returns between 29-40%
ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 29% and 40% as per analysts’ price targets.
Amber, Ambuja Cement, Axis Bank and Bharti Airtel among Jefferies’ top picks
“India’s capex cycle has turned from its FY20 bottom, and should last another five-plus years as the housing and corporate capex cycle play out,” it said.
Adani Group stocks, bonds fall as the US said to widen probe
Stocks and bonds of Adani companies fell on Monday amid news reports that US prosecutors have widened their probe to investigate whether an Adani company, or people linked to it, including group chairman Gautam Adani, were involved in a pay off to officials in India for “favourable treatment on an energy project”.
Hybrid funds to help cut tax outgo
Pure debt schemes no longer enjoy indexation benefits after the govt scrapped it in Budget 2023-24, but investments in hybrid funds that have an equity allocation between 35% and 65% are still eligible for it.