45 smallcap stocks buck the trend to offer double-digit weekly returns amid sharp sell-off
Rama Steel Tubes was the top gainer in the smallcap pack with nearly 60% return, followed by Refex Industries (32.3%), Kitex Garments (27%), and 63 Moons Technologies (26%).
3 top stock recommendations from Rajesh Palviya for next week
Looking at the near-term structure, if we sustain below to 25,000 level, yes, possibly we could see furthermore supply pressure in the continuation of this down move.
Zepto in talks with investment banks for potential IPO next year
The Mumbai-based startup is also talking to domestic investment banks for a potential listing of shares by August next year, one of the people said. Swiggy, the parent of Zepto’s rival Instamart, is also readying to hit the public market later this year with a $1.25 billion IPO. Its other bigger competitor, Blinkit, is owned […]
SBI, Voda Idea shares tumble after Goldman’s rating action
On Vi, it maintained its sell rating, while raising the price target to ₹2.5 from ₹2.2, implying a downside of 81.4% from Friday’s closing of ₹13.43. Vodafone shares plunged 11% on Friday.
Wall Street stocks fall, big weekly drop as market waits for Fed to move
All three main indexes were lower, with the 11 sectors of the benchmark S&P 500 losing ground led by declines in communication services, consumer discretionary and technology equities.
India’s forex reserves hit a fresh high of $683.99 bn: RBI data
India’s forex reserves have risen for the third consecutive week, driven by strong dollar inflows. The reserves increased by $13.9 billion over three weeks, with a notable $5.5 billion inflow on August 30 due to MSCI rebalancing. Foreign currency assets rose by $1.49 billion to $599 billion, and gold reserves increased by $893 million to […]
Dalal Street indices tank on weak global cues
The regulations require overseas investment vehicles to provide granular details of all entities holding any ownership, economic interest, or exercising control, failing which they must liquidate their domestic holdings.
Tatas’ aviation business more than halves loss in FY24: Annual report
The Tata Group’s aviation business, including Air India and Vistara, reduced losses to ₹6,337 crore from ₹15,414 crore. Air India saw a 24% revenue increase to ₹51,365 crore. Tata Digital’s business grew 148%, but net losses widened. Tata Sons’ net profit rose 57% to ₹34,654 crore.