Till further clarity emerges, Nifty will move in 23,000-25,000 range: Ajay Vora
Ajay Vora from Nuvama Asset Management discusses how the Nifty aggregate EPS has been shifted to FY26. The stock market correction is driven by earnings downgrades and sees PSU sectors hit hard. Government capex and RBI’s actions are expected to provide some market relief. The banking sector, particularly HDFC Bank and SBI, appears stable and […]
Positive Breakout: These 5 stocks cross above their 200 DMAs
In the NSE large-cap pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on December 3, 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 […]
Nisus Finance Services IPO opens today: Check key dates, GMP, price band and other details
Nisus Finance Services launches its SME IPO aiming to raise Rs 114 crore with shares priced between Rs 170-180 apiece. The IPO includes a fresh equity sale of Rs 101 crore and an offer for sale of 7 lakh shares. The issue, managed by Beeline Capital Advisors and Skyline Financial Services, opens on December 4 […]
Big movers on D-Street: What should investors do with ITC, Mazagon Dock and Sky Gold?
Benchmark Sensex extends its winning streak, rising 597 points on Tuesday, driven by gains in blue-chip stocks and positive global market trends. Analyst Viral Chheda of SSJ Finance & Securities advises buying Sky Gold and Mazagon Dock at current levels while considering ITC at lower dips, anticipating a positive long-term performance.
Multibagger stock with over 100% returns in a year trades ex-split on Thursday. Do you own?
Shares of Tara Chand InfraLogistic Solutions are expected to remain in focus due to the company’s stock split from a face value of Rs 10 to Rs 2 per share set for December 5. The stock has delivered a 137.05% return over the past year.
Risks in L&T Fin’s MFI book contained, growth on cards
L&T Finance has seen a 16% decline in its stock price due to regulatory concerns in the microfinance sector. However, the company’s focus on retail lending, improving asset quality, and attractive valuation make it a buy recommendation. The company’s loan book grew 18% YoY to Rs 93,015 crore, with retail loans comprising 96% of the […]
Quant MF hires CEO, appoints other senior executives
In a letter addressed to investors, the fund house said, “We have closed the appointment of chief executive officer, who is someone with a strong regional and global experience. We expect the CEO to join us by April 2025.” Quant did not disclose the identity of the incoming CEO.
Listed parents to flex arms on IPO Street in 2025
Subsidiary public issues enable independent capital raising, benchmark readiness and cash generation for parents via offers for sale, aiding deleveraging, capital expenditure or dividend payouts. Investors gain access to focused, growth-driven, pure-play businesses, according to bankers.
Public banks still not ready to let agencies probe employees
The finance ministry is meeting with the CEOs and chief vigilance officers (CVO) of PSU lenders today (Wednesday) on resolving conflicts between banks and investigative agencies probing bank officials. According to the banks, investigative agencies have initiated probes on the basis of suspicion and not evidence, and the investigation process is humiliating and often followed […]
Private banks widen their deposit base in rural areas
The share of private banks in semi-urban deposits climbed to 26.93% by September, from 25.62% in March. In urban centres, that share rose to 34.98% from 32.94%.