Orient Technologies shares hit 5% upper circuit after strong listing
Orient Technologies Share Price: Despite the listing being below grey market expectations, the IPO was oversubscribed 152 times, showing solid investor confidence.
Paytm shares rise 3% as co completes transfer of events biz to Zomato
The transaction completion led to a boost in Paytm and Zomato’s share prices. Payments will be completed after post-closing audit adjustments.
NBCC to consider bonus issue, shares zoom 8%
Shares of central PSU NBCC climbed 8% to Rs 192.40 on BSE following the company’s announcement to consider issuing bonus shares. The meeting is scheduled for August 31, 2024. NBCC, previously distributing bonus shares in February 2017, often rewards its shareholders with dividend payouts.
This Ashish Kacholia portfolio stock rallies over 1,000% in 2 years. Should you ride the rally?
Shares of Balu Forge Industries, backed by investor Ashish Kacholia, have surged over 1300% in the last two years, driven by strong profit growth. The stock, which manufactures crankshafts and forged components, saw profit booking on Monday, falling by 1.5%. Experts suggest monitoring the Rs 740 and Rs 800 levels for future price action.
Stocks to buy today: REC, Castrol India among top 6 trading ideas for August 28, 2024
The Indian market is expected to consolidate on Wednesday with mixed global cues. Nifty futures fell 0.17% to 25,001. India VIX decreased to 13.70. Options data suggests a broader range of 24,600-25,500 and an immediate range of 24,800-25,300. Key support is at 24,900 and 24,800.
LTIMindtree shares rally nearly 4% on upgrade by Kotak, GST relief
LTIMindtree shares rose 3.6% to Rs 5,950 after Kotak Institutional Equities upgraded the stock and raised its target price to Rs 6,200, citing recovery prospects and strong growth. The company also received a stay order on a Rs 378 crore GST notice.
Fund Manager Talk | Zomato’s turnaround inspiring confidence in other new-age stocks: Arvind Kothari
This strategy allows us to remain invested and benefit from the long-term growth potential while being cautious and adaptive to the changing market dynamics.
How to identify stocks that can offer 20-30% CAGR? Rahul Rathi answers
Rahul Rathi, Chairman & Fund Manager at Purnartha PMS, discusses his bullish outlook on India’s energy sector, capital goods, and industrials. He emphasizes the significance of operational efficiencies and internal demand for driving company’s earnings growth, highlighting investment opportunities in companies like GAIL and Tech Mahindra, which exhibit strong margin expansion and operational improvements.
Sensex, Nifty off to slow a start fueled by auto and energy stocks
Sensex and Nifty were slightly higher on Wednesday, driven by gains in auto and energy stocks. Notable gainers included M&M, Tata Motors, and Reliance Industries. NBCC gained over 8% as its Board is set to meet for potential bonus shares issuance.
‘Defensive’ pharma scales new peak as Street looks beyond high-growth plays
Pharma stocks have gained investor interest as the Nifty Pharma index reaches new highs. Amid economic uncertainties, defensive sectors like pharma offer minimal risk. Notable picks include Lupin, Sun Pharma, and Dr Reddy’s. The sector saw significant foreign inflows, driven by the performance of the generic drug Revlimid.