Honasa Consumer shares hit 10% upper circuit amid high volume
Honasa Consumer Share Price: Honasa Consumer (Mamaearth) shares hit a 10% upper circuit after a significant rally, despite recent losses and a sharp decline in stock price, triggered by a quarterly loss and weak demand.
Adani Energy Solutions, Adani Total Gas shares soar up to 19%. Here’s the reason behind the rally
Adani Total Gas Share Price: Adani Group stocks surged after clarifying bribery allegations. Shares of Adani Energy Solutions, Total Gas, and Green Energy hit upper circuits, following a clarification on US fraud charges and their impact.
Paytm shares rise 3%, hit new 52-week high after UBS hikes target price to Rs 1,000
Paytm shares hit a 52-week high after UBS raised its target price to Rs 1,000, maintaining a ‘Neutral’ stance. The brokerage anticipates revenue-driven growth as cost optimization plateaus. Bernstein also increased its target to Rs 1,000, highlighting potential upside and downside scenarios. Paytm launched an automatic top-up for UPI LITE, streamlining small-value transactions.
Sudarshan Chemical shares rally 4% after promoters sell stake via block deals
Sudarshan Chemicals’ promoters, Pradeep and Subhadra Rathi, sold a 3% stake (28.35 lakh shares) for Rs 197 crore. Buyers included Boon Investment, Jovial Investment, and Blue Diamond Properties. This follows the company’s agreement to acquire Germany’s Heubach Group. Sudarshan Chemical’s shares closed at Rs 986.45 on Wednesday.
LIC shares surge over 2% on discussions to acquire 50% stake in ManipalCigna Health
State-owned LIC’s shares rose 2.4% on news of a potential 50% stake acquisition in ManipalCigna Health Insurance. This move would mark LIC’s entry into the health insurance sector, diversifying its portfolio. The deal, potentially valuing ManipalCigna around Rs 4,000 crore, aligns with LIC’s stated goal of acquiring a health insurance provider this fiscal year.
Godrej Properties shares jump over 2% as co launches QIP to raise Rs 6,000 crore
Godrej Properties launched a qualified institutional placement to raise funds. The company aims to secure Rs 6,000 crore. It also acquired land in Kolkata. The land will be used for a residential project. The project has a potential revenue of Rs 500 crore. Godrej Properties saw strong sales bookings growth this year.
Is this the right time to buy stocks? Anupam Singhi of O’Neil Capital decodes
A Follow-Through Day—a gain of 1.5% or more on higher volume than the previous session—would then confirm a Confirmed Uptrend. Our studies show that P/E ratios alone are not decisive in stock selection. Many top-performing stocks had above-average P/E ratios before achieving substantial growth.
Stocks to Buy Today: BEL, IndiGo among top 9 trading ideas for 28 November 2024
The Indian market is expected to trade higher on 28 November 2024, supported by positive global cues. Nifty futures closed at 24,309, with options data suggesting a range between 23,800 and 24,800. Experts recommended stocks like BEL, CAMS, Deepak Fertilizers, HAL, InterGlobe Aviation, Syngene, and Bank of India for short-term traders.
ETMarkets Smart Talk: Equities poised for 16% returns in 2024, gold looks toppish: Naveen Kulkarni, Axis Securities PMS
That said, the correction we have seen so far presents a good opportunity to start looking at investments in the market and building a portfolio again. If you already have a portfolio, this is a good juncture to add to it. It is definitely a good time to invest.
C2C Advanced Systems GMP climbs post subscription close. Check allotment date and listing date
C2C Advanced Systems has deferred its listing date to December 3 after a Sebi directive raised concerns over the auditing system of the company. Currently, the GMP rose to Rs 145 from Rs 90 two days ago, which indicates a premium of 64% over the issue price.