BofA, Aditya Birla MF buy shares worth Rs 42 crore in debutant Interarch Building Products via block deals
Bank of America acquired 1.3 lakh Interarch Building Products shares for Rs 16.74 crore at Rs 1,287.75 each, a 43% premium over the issue price. Aditya Birla Sun Life Mutual Fund bought 2 lakh shares. The stock closed at Rs 1,203.10, down 7.38% from its listing price.
Multibaggers HPCL, BPCL among 6 oil & gas sector buys for this brokerage. Upside seen up to 43%
As oil stocks maintain their positive trend and crude oil prices are forecasted to range between $72 and $78 per barrel, Yes Securities recommends buying seven stocks and suggests a ‘Reduce’ stance on three others in the Oil & Gas sector.
How bearish market predictor Marc Faber got his name Dr Doom
Faber began writing his bearish outlook reports in the 1970s, initially for personal use and to address the lack of awareness among Americans about foreign exchange rates, the dollar’s value against gold, and European currencies at the time. As the publisher of the widely respected “Gloom, Boom & Doom Report,” he offers contrarian perspectives on […]
India Inc improves interest coverage in Q1 amid strong operating profit, lower interest expense
The aggregate interest coverage ratio for India Inc hit a nine-quarter high in the recently concluded quarterly results season following a sustained double-digit growth in the operating profit and deceleration in the interest expense.
These 7 IT stocks hit 52-week highs and rallied up to 30%
On Monday, India’s benchmark Sensex climbed approximately 611 points to close at 81,698. During this rise, seven stocks in the BSE IT index hit their highest prices in the past year, marking a significant milestone.
Tech View: Nifty is 68 points away from a record high. Here’s how to trade on Tuesday
The index displayed a strong bullish signal on the daily chart, forming a long candle with a small upper shadow. This suggests an attempt to break through the resistance level created by the downward gap on August 2nd, which was around 24,950-25,000. Furthermore, the significant downward gaps observed on August 2nd and 5th have been […]
The True Cost of Education: Why you can’t afford not investing for your kids
Yes, a minor can invest in mutual funds but only with the representation of a legal guardian or parent. The minor must be the sole account holder and can’t be a joint account, and since a minor is not allowed to make financial decisions on their own, a parent or guardian can act as the […]
Paytm shares drop 9% following report of Sebi’s show-cause notice to Vijay Shekhar Sharma
Paytm Share Price: Paytm shares saw a 9% dip to Rs 505.25 following news that SEBI issued show-cause notices to Vijay Shekhar Sharma and ex-board members. The allegations involve misrepresentation during the IPO, focusing on Sharma’s promoter classification. This classification is significant due to regulations on ESOPs for promoters post-IPO.
Money-making Ideas: 7 stocks with up to 22% upside scope
The Nifty 50 and S&P BSE Sensex rose by 1.14% and 0.8%, respectively, last week, driven by gains in IT stocks. Meanwhile, several analysts have identified stocks with the potential to deliver up to 22% returns in the near term. Here are 7 technical picks:
Should you be booking profit in capital market plays? This is what Rajesh Bhatia has to say
Rajesh Bhatia, CIO of ITI MF, addressed the future growth and current valuations in sectors like defence, railways, domestic pharma, and electric vehicles. He cautioned about the high beta and cyclical nature of capital market plays. Bhatia also noted the ongoing structural shifts and challenges within these sectors, urging a careful approach to investments.