Deven Choksey on why auto stocks are holding on, what to do with Paytm

Deven Choksey, MD of DRChoksey FinServ Pvt. Ltd, remains optimistic about two-wheelers and commercial vehicles. He believes passenger vehicle demand will recover post-challenges. On Paytm, he advises caution until profitability is shown. He sees potential in the energy transition sector, particularly green hydrogen, with significant growth expected over the next 5-10 years.

Emkay upgrades Paytm to add, raises target price to Rs 750

Paytm has largely protected its merchant base (settled at 41 mn) and transitioned its user base (78mn, down in 1QFY25 from 100mn) to new partner banks which should now pave the way for the long-pending NPCI approval to onboard new users.

Western Carriers shares list at 1% discount over IPO price

Western Carriers Share Price: Proceeds from the fresh issue will be used to repay borrowings, fund capital expenditure towards the purchase of commercial vehicles, containers, and reach stackers, with the remainder allocated for general corporate purposes.

Stocks to buy today: DLF, M&M among top 10 trading ideas

In options trading, the maximum Call open interest (OI) is at the 27,000 strike, followed by 26,000, and the maximum Put OI is at 25,500, then 25,000. Call writing is evident at 27,000 and 25,900 strikes, while Put writing is observed at 25,900 and 25,800 strikes.

Sebi imposes Rs 1 crore fine on Jai Anmol Ambani in Reliance Home Finance case

The Securities and Exchange Board of India has fined Jai Anmol Ambani, son of Anil Ambani, Rs 1 crore for alleged irregularities in Reliance Home Finance. Sebi claims he failed to exercise due diligence in lending practices and approved unsecured loans. Last month, Sebi also barred Anil Ambani from the securities market for five years.