Many people and companies have made millions on Trump media’s stock
The biggest beneficiary is Trump, the company’s largest shareholder, whose stake is worth more than $5 billion, on paper. No other shareholder comes close, according to regulatory filings, but many of Trump Media’s executives have seen their net worth swell this week, in some cases by many millions of dollars.
Tech View: Nifty forms long wick candle. What should traders do on Monday
The near-term uptrend of the Nifty remains intact with high volatility. The next upside levels to be watched are around 22,500-22,600 in the next week. Immediate support is at 22,250-22,200 levels, said Nagaraj Shetti of HDFC Securities. Today’s session marks the end of the financial year 2023-24 for traders.
2 IPOs, backed by Vijay Kedia and Ashish Kacholia, booked over 10x each on Day 2
The IPO of TAC Infosec saw an overall subscription of 17 times so far on the second day of bidding. Radiowalla Network IPO got over 10x subscriptions.
Technical Stock Pick: JSW Steel finds support above neckline of 2-year consolidation; should you buy?
Short-term traders can look to buy JSW Steel stock now for a possible target of Rs 860-880 in the next 1-2 months, suggest experts.
Street Favourites! 6 largecap stocks with high analyst ratings that can deliver up to 35% returns
Several brokerages are bullish on a number of stocks from different sectors, such as banking, financial, and FMCG.
RBI’s hand behind today’s rally in banks, other financial stocks
The Reserve Bank’s December circular prohibiting regulated entities such as NBFCs from investing in AIFs having downstream investments either directly or indirectly in a debtor company of the entities had stressed investors. The rules also required entities to liquidate their investment within 30 days from the date of downstream investment or make 100% provision.
45-50% growth in Amul’s summer product categories likely this year: MD
Amul India navigates cocoa price surge impact by passing on costs to consumers. However, as Amul is still a value for money brand, it would pinch the consumers much. Partnerships with CAMPCO aid cocoa bean producers. Expansion into the US fresh milk market and focus on ice cream and beverage SKUs drive growth expectations of […]
Stock investors have a new favourite on D-Street. It’s not the Tatas, Adanis or Ambanis
The Goenkas-led RPG Group surpassed Tata and Reliance in market capitalisation growth. Both Harsh Goenka and Sanjiv Goenka managed companies that saw substantial market cap increments. The conglomerate displayed remarkable financial performance in FY24.
FTSE keeps India, Korea on hold in indexes, adds Portugal
The index provider will add Portugal to the FTSE World Government Bond Index effective November and remove Switzerland from the upgrade watch list, according to a statement released Wednesday after markets closed in New York.
Hot Stocks: Brokerages view on Avenue Supermarts, Bajaj Finance, ICICI Bank and Sun Pharma
Brokerage firm HSBC maintained a buy rating on Sun Pharma, Citigroup recommended a buy rating on ICICI Bank, JPMorgan has an overweight rating on Bajaj Finance and CLSA recommended a buy rating on Avenue Supermarts.