F&O stocks to buy today: Wipro, ITC among top 9 trading ideas
Indian market set to consolidate on Wednesday; Nifty down 0.78% at 22375. Key support at 22222 crucial. Analysts recommend Tech Mahindra, ITC, Wipro for short-term trading, targets provided.
Aadhar Housing raises Rs 898 crore from 61 anchors
The IPO comprises a fresh issue of ₹1,000 crore and an offer for sale of ₹2,000 crore. The issue will open for subscription on May 8 and close on May 10.
TBO Tek riding high on growth in travel and tourism, but issue looks a bit pricey
It will also raise up to Rs 1,151 crore through an offer for sale by promoters and investors. The promoter group’s stake will fall to 44.4% after the IPO from 51.3%.
Sanstar gets Sebi go-ahead for IPO
When a company receives final observation from Sebi, it’s a signal from the regulator to go ahead with the IPO. The regulator issued its final observations on the draft papers last week.
SMFG invests Rs 1,300 crore in SMFG India Credit Co Limited via rights issue
The Sumitomo Mitsui Financial Group holds 100% in SMFG India Credit Co, which was formerly Fullerton India Credit Company Limited. Following the fund infusion, SMFG India Credit Co has invested Rs 150 crore in its wholly owned subsidiary SMFG India Home Finance Co. Ltd.
FMCG shares rise up to 10%, hint at ‘start of a catch-up rally’
Shares of Marico, Godrej Consumer Products, Hindustan Unilever, Dabur India, Emami, Britannia Industries and Nestle India ended 2-10% higher on Tuesday even as benchmark indices closed 0.5-0.6% lower.
Telecom stocks back on FPI radar on hopes of rise in tariffs, data usage
Analysts expect a tariff increase of 10-15% after the general elections, which augurs well for telecom service providers given the rising data usage. The average revenue per user (ARPU) is likely to increase to Rs 217 in FY26 from Rs 180 in FY24.
Fear gauge surges to 14-month high as poll heat grips D-Street
With forecasts about the performance of the BJP-led NDA, the Dalal Street favourite, fluctuating wildly recently, analysts said the undertone has turned nervous, reflecting in the surge in VIX.