Niyogin Fintech shares zoom over 12% after Morgan Stanley acquires stake via block deal
On Tuesday, the stock surged 15% to hit a high of Rs 63.60 before closing at Rs 62.20. Niyogin Fintech has a market capitalization of Rs 591.87 crore.
Reliance Power shares jump over 3% after relief from High Court on SECI notice
Reliance Power shares surged after a court ruling. The Delhi High Court halted a ban imposed by Solar Energy Corporation of India. SECI had accused Reliance Power of submitting fake documents. The ban prevented Reliance Power from bidding on future projects. The court’s decision offered relief to the company. The share price reacted positively to […]
Use dips to buy into Reliance, Bajaj Finserv and defence stocks: Deven Choksey
Deven Choksey sees buying opportunities in corrected stocks like Reliance and NBFCs. He advises caution with defense stocks, citing high valuations. Choksey suggests waiting for lower prices before investing in defense companies. He notes the potential of Jio Financial Services but awaits concrete business activity. Choksey expresses concern about elevated valuations in the quick commerce […]
Positive Breakout: These 4 stocks close cross above their 200 DMAs
In the Nifty200 pack, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on November 26, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day […]
Fund Manager Talk | Not in slowdown camp, bullish on three broad themes: Mihir Vora
We usually do not take big cash calls. In our existing Flexicap fund, the usual cash levels are 1 to 5%. We had about 7% cash and have deployed much of it in the fall. We were however fortunate as we just collected monies in our smallcap NFO, which we substantially deployed this month.
Big movers on D-Street: What should investors do with Angel One, Hitachi Energy and Zomato?
Indian benchmark indices closed lower on Tuesday, mirroring global trends. However, Angel One, Zomato, and Hitachi Energy saw gains. Analysts suggest Angel One could reach Rs 3225, Hitachi Energy Rs 13,900, and Zomato could rally above Rs 300. Investors are advised to maintain stop losses.
Apex Ecotech IPO opens today: Check key dates, GMP, price band and other details
Apex Ecotech’s SME IPO opens today, seeking to raise Rs 25.54 crore by offering 34.99 lakh shares at Rs 71-73 apiece. The water and wastewater management company plans to list on NSE SME. The IPO closes November 29, with allotment expected December 2 and listing December 4. Proceeds will fund working capital and general corporate […]
HUL ice-cream can be D-St’s sundae of choice; Main Street must love it, too
For HUL, its ice cream segment with brands such as Kwality Walls, Cornetto and Magnum contributes around 3% to its total revenues – translating to nearly ₹1,800 crore in FY24. It is a high-growth business earning mid to high single-digit profitability.
Stocks waver, dollar slips with focus on tariffs
Equities opened higher in Sydney, while dipping in Tokyo and Seoul. US equity futures were little changed after the S&P 500 rose for a seventh day to notch its 52nd record this year. A Bloomberg gauge of the dollar slipped 0.1%, paring some of its strength seen on Tuesday that pressured the Mexican peso and […]
Adani companies’ outlook revised to negative
Seven companies within the group got their outlook lowered by Moody’s. These include Adani Green Energy Ltd (AGEL), which is cited in the indictment, Adani Ports and Adani Transmission, among others.