Nestle, Jio Financial among top 10 large cap stocks sold by mutual funds in April
Mutual funds buy and sell securities to actively manage their portfolios.
Tech View: Nifty forms small Hanging Man candle. What traders should do on Friday
On the call side, there are notable OI concentrations at the 22,500 and 22,900 levels, suggesting these as resistance levels to watch, with the 22,900 level approaching all-time highs.
India to become USD 4 trillion economy in FY25: Sanjeev Sanyal
New Delhi, India is forecasted to achieve a USD 4 trillion economy by 2024-25, surpassing Japan to become the world’s fourth largest economy, according to Economic Advisory Council to the Prime Minister member Sanjeev Sanyal. Finance Minister Nirmala Sitharaman mentioned India’s potential to surpass Japan and Germany to become the third-largest economy by 2027, cautioning […]
Info Edge Q4 PAT rises 18% YoY to Rs 211 crore, revenue up 8%
Info Edge’s Q4 profit rose 18% to Rs 211 crore with revenue at Rs 608.3 crore. Operating profit margins at 37%. Final dividend of Rs 12 per share announced. Cash balance at Rs 4,191 crore. CFO highlighted 13.2% growth in cash from operations
Vodafone Idea shares can rally up to Rs 23 in bull case: Kotak Equities
Vodafone Idea Share Price: Kotak Institutional Equities, a domestic brokerage, reiterated a sell recommendation for Vodafone Idea, citing it as a high-risk, high-reward opportunity. They maintained that under bullish conditions, the stock could potentially rise to Rs 23, assuming a significant 10% 10-year ARPU CAGR.
Exports may rise 12-15 pc to cross USD 500 bn this fiscal: FIEO
In New Delhi, on Thursday, FIEO President Ashwini Kumar projects India’s merchandise exports to reach USD 500-510 billion by 2024-25, with services exports expected to be around USD 390-400 billion this fiscal, driven by traditional markets like the US and Europe.
Vodafone Idea, GMR, IEX among 10 stocks bought by SBI Mutual Fund in April
SBI Mutual Fund purchased Vodafone Idea, GMR Airports, NMDC, JSPL, Sundaram Fasteners, Ashoka Buildcon, VIP Industries, IEX, Kajaria Ceramics, and Indian Bank stocks in April. Top stocks bought across AMCs were Nirlon, Kotak Mahindra Bank, HDFC Bank, ICICI Bank, Bharti Airtel, and ITC.
Go Digit Insurance IPO subscribed 50% so far on Day 2. Check GMP & other details
Go Digit Insurance’s IPO was subscribed 50% on the second day of the bidding process. Retail portion was oversubscribed at 2.03 times, while non-institutional investors’ portion reached 0.48 times. Qualified institutional buyers’ participation awaited. IPO closes on May 17.
Energy Mission Machineries debuts at 165% premium on NSE SME platform
Energy Mission Machineries Share Price: Energy Mission Machineries debuted on the NSE SME platform with a premium of 165%, opening at Rs 366 compared to the issue price of Rs 138. The IPO received overwhelming investor interest, oversubscribed 320 times.
Keystone Realtors wishes to grow in SOBO market : Boman R Irani
Keystone Realtors, led by Boman Rustom Irani, are expanding into SOBO due to city infrastructure growth. FY25 outlook is positive, with FY24 surpassing expectations. Strong OCF, acquisitions, and partnerships contribute to the company’s success. The real estate sector in Mumbai is poised for growth, driven by infrastructure development and a surge in redevelopment projects.