Smallcap stocks give up to 2,000% return in FY24 but brace for a bumpy ride
Within the BSE Midcap universe of 127 stocks, 23 have more than doubled investor wealth. Rail PSU IRFC tops the list with 407% gain, followed by REC’s 278%, SJVN 272%, BHEL 220% and PFC 209%.
LIC fires employee who traded in dead father’s demat account in front running case
LIC terminated Yogesh Garg due to Sebi front-running ban. Garg used family demat accounts for intraday trades, profiting ₹2.44 crore. Sebi confirmed ban on Garg and four others for insider trading.
Want to invest in Warren Buffett style? Take a look at these 8 Indian stocks
Based on the idea of Warren Buffett, a custom screen made by MarketSmith emphasizes metrics looking for companies with long-term past and potential future growth.
Hot Stocks: Brokerages on Eicher Motors, OMCs, Syrma SGS, Kaynes Tech & Hindustan Foods
UBS upgraded Eicher Motors to Buy with Rs 5,000 target, addressing competition concerns. Jefferies started Buy on Syrma SGS, Hold on Kaynes Technologies. Nomura has positive views on OMCs. B&K recommends Buy on Hindustan Foods for strong growth and debt reduction.
F&O stocks to buy today: 9 short-term trading ideas by experts
Indian headline indices saw sharp cuts with FMCG, IT, and energy sectors hit. Sensex closed at 72,012.05, lower by 736.37 points. Nifty ended at 21,817.45, down by 238.25 points. India VIX increased to 14.11.
How UGRO Capital emerged as India’s largest co-lending NBFC partner for banks: Shachindra Nath
Shachindra Nath of UGRO Capital highlights the company’s growth as India’s leading MSME financing firm, emphasizing the recent Crisil upgrade to ‘A’. The discussion covers the impact of ratings, diversified borrowing strategies, and collaborative social impact research initiatives. Nath says “fundamentally UGRO is now becoming India’s largest, most dedicated data tech driven MSME financing company.”
Big movers on D-Street: What should investors do with Patanjali Foods, Tata Investment and JBM Auto?
Stocks that were in focus included names like OIL, which fell 4.04%, IOC, which declined 5.25%, and BPCL, whose shares dropped 4.15% on Friday.
Oil pulls back from multi-month highs as strong dollar dents demand
Brent crude futures for May delivery fell 19 cents, or 0.2%, to $87.19 a barrel by 0104 GMT. U.S. West Texas Intermediate futures for April delivery, which expire on Wednesday’s settlement, fell 35 cents, or 0.4%, to $83.12 a barrel.
Chock-a-Block: Rs 55,000 crore mega stock deals & counting
The smooth execution of such deals dispels long-held concerns about Mumbai’s ability to handle mega stock trades without causing massive disruptions in prices that previously took weeks to heal.
Monetary policy must remain in risk-minimisation mode: RBI Bulletin
India’s Consumer Price Index inflation was at 5.09% in February, largely unchanged from 5.10% a month ago. The RBI’s target for the price gauge is 4%, with a latitude of 2 percentage points in either direction.