Ratan Tata to make 450% profit from FirstCry IPO but loss for Sachin Tendulkar
Billionaire business tycoon Ratan Tata is all set to make multibagger returns of 448.9% or a handsome profit of Rs 2.96 crore in the initial public offering (IPO) of kidswear startup FirstCry.
How Nifty gained 1,000 points in just 24 sessions
Nifty surged 1,000 points in just 24 sessions as it moved from 24,000 to 25,000. According to ETMarket analysis, it took Nifty roughly 863 trading sessions to gain the last 10,000 points. The slowest 1,000-point increase occurred between 18,000 and 19,000, spanning about 426 sessions. Interestingly, Nifty accumulated the last 2,000 points in only 47 […]
Nifty remained positive on 6 occasions in August over past decade; FIIs & DIIs net buyers on seven counts
Over the decade spanning 2014 to 2023, the Nifty 50 closed positive on six occasions (2014, 2016, 2018, 2020, 2021, 2022) and negative in the remaining four (2015, 2017, 2019, 2023). The highest gains were seen in 2021 (8.7%), followed by 2022 (3.5%) and 2014 (3%). Conversely, the steepest decline occurred in 2015 (-6.6%), with […]
Tech View: Nifty forms Doji candle in range-bound action. Here’s how to trade on Friday
Nagaraj Shetti of HDFC Securities believes that the Nifty index is facing resistance at the 25,000-25,100 level and may experience short-term consolidation or a minor dip. He identifies 24,750 as a key support level to watch.
12-14% credit growth achievable for Bank of Baroda; CASA growth at 6% better than industry benchmark: CEO
Bank of Baroda maintained a 3.18% net interest margin for the June quarter, consistent with the previous year. CEO Debadatta Chand indicated optimism about achieving 12-14% credit growth for FY25, backed by solid performance in retail, agriculture, and MSME segments. The bank is managing fresh slippages effectively with enhanced collection efforts.
Adani Energy shares jump 10%, hit 52-week high on strong response to QIP
The report further revealed that Adani Energy raised Rs 50,000 crore through the issue. More than 125 institutional investors participated in the fundraising of Adani Energy. The company has reported a consolidated net loss of Rs 824 crore for the quarter ended June 30, 2024, as against Rs 175 crore net profit in the year-ago […]
Tech Picks: BHEL, NTPC among 8 investment ideas with up to 22% upside
The brokerage firm Way2Wealth has identified several promising stocks as top Budget 2024 technical investment picks. Based on their technical strength and potential for decent returns, these stocks include BHEL, NTPC, AU Small Finance Bank, and Adani Green Energy. Here’s the list:
Maruti Suzuki shares climb 4% to hit 52-week high on strong Q1 performance. Should you buy, sell or hold?
Maruti Suzuki Shares Price: Maruti Suzuki’s shares surged 4% to a 52-week high of Rs 13,675 on Thursday, following strong Q1 FY24 earnings. The company reported a 46.9% YoY increase in standalone profit to Rs 3,650 crore, exceeding estimates. However, Q1 revenue rose 9.82% YoY to Rs 33,875 crore, missing the estimate.
Strategic reforms needed to enhance India’s appeal to global investors, attract FDI: GTRI
The Global Trade Research Initiative (GTRI) proposed strategic reforms to enhance India’s global investment appeal. With USD 44.4 billion in FDI for FY2024, India significantly lagged behind countries like China and Brazil. GTRI’s four-step plan focuses on reducing costs, improving the ease of doing business, and creating a framework for evaluating investment proposals to attract […]
Infosys shares drop 1% over alleged Rs 32,000 crore GST evasion
Infosys shares dropped by 1% following news of an investigation by the Directorate General of GST Intelligence regarding a Rs 32,000 crore GST evasion. Infosys clarified via a filing that GST should not apply to services by overseas branches and asserted compliance with all GST obligations.