Goldman Sachs downgrades CreditAccess Grameen to sell, stock down 12%
CreditAccess Grameen shares fell 11.8% after Goldman Sachs downgraded the stock, citing asset quality stress and risks related to over-leveraged borrowers. The target price was slashed by 60% to Rs 564.
Will IPRU and LIC outperform amid regulatory noise? Prayesh Jain answers
So, amongst the listed players, obviously three of them have a very high share above 50%. IPRU has around 30% amongst in retail APE and LIC has a relatively lesser share. So, until the noise continues, possibly these are the couple of stocks probably which could outperform should be IPRU and LIC.
Easy Trip Planners shares surge 15% as stock trades ex-bonus today
Easy Trip Planners Share Price: Easy Trip Planners’ stock surged 15% after announcing a 1:1 bonus issue. Despite a 45.17% drop in net profit, the company’s revenue grew 2.1% in Q2 FY25.
Zee Entertainment shares rally by 8% after shareholders block Punit Goenka’s reappointment as Zee Director
ZEEL Share Price: Zee Entertainment shares surged 8% after shareholders blocked Punit Goenka’s reappointment as director. Despite challenges, including a failed Sony merger, Goenka remains CEO, focusing on ZEEL’s future growth.
Lamosaic India shares list at 18% discount on NSE SME platform
Lamosaic India will debut on the NSE SME platform Friday, with pre-listing shares showing no grey market premium. The IPO had a subscription rate of 1.77 times. The proceeds will fund debt repayment, working capital, and corporate growth. The company primarily serves the real estate and construction industries.
Hot Stocks: Brokerage firms see 15-24% upside in Zomato, Divi’s Laboratories & Allied Blenders
Top brokerages ICICI Securities, Citi, and Jefferies recommend Allied Blenders, Divi’s Laboratories, and Zomato, highlighting growth in premiumisation, pharma, and food-tech, with strong upside potential for each stock.
Stocks to buy today: Bank of Baroda, BHEL among top 6 trading ideas for 29 November 2024
The Indian market is expected to trade higher on Friday, but may face selling pressure at elevated levels due to mixed global cues. Nifty futures closed lower on Thursday, and India VIX rose by nearly 4%. Options data suggests a broader trading range between 23,500 and 24,500, with immediate levels between 23,700 and 24,200.
Multibagger stock with over 1,000% returns in a year trades ex-split on Tuesday. Do you own?
Today is the last day to buy shares of Diamond Power Infrastructure to be eligible for the announced stock split in a ratio of 1:10, with December 3 set as the record date. This significant event follows impressive stock returns of 1358.71% in the past year.
Adani stocks rally up to 9% as Japanese banks repose faith
Adani Share Price: Indian banks including SBI are reassessing their exposure to Adani stocks following bribery and fraud charges against Chairman Gautam Adani. While some global banks reconsider their stance, Japanese banks plan to maintain their support. SBI remains cautious but will continue funding near-completion projects of the Adani group.
Positive Breakout: These 3 stocks cross above their 200 DMAs
In the Nifty200 pack, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on November 28, according to stockedge.com’s technical scan data.