Apple approaches $4 trillion valuation as investors bet on AI momentum
Apple is nearing a $4 trillion market cap, driven by investor excitement over its AI enhancements. The stock has risen 16% recently. Analysts expect iPhone demand to improve as AI features expand. Apple’s valuation is at a three-year high, facing risks from potential tariffs. Tech stocks remain a defensive sector for investors.
PNB issues Rs 3,000 crore worth of bonds to 14 allottees
The bank’s shares have delivered a 15% return over the past year, outperforming the Nifty’s 11% gain during the same period. In 2024, its returns stand at approximately 4% so far.
Tech View: Nifty forms bullish Harami Cross pattern on daily chart. Here are cues for Tuesday’s trade
The Nifty index formed a bullish Harami Cross on the daily chart, signaling potential optimism. Closing above the 200-EMA, a breakout above 23,850 could drive recovery to 24,000/24,400. Support lies at 23,540, with a breach risking further downside.
Mamata Machinery IPO subscribed over 194.95 times on Day 3. Check GMP, review and other details
Mamata Machinery’s IPO was highly subscribed, reaching 194.95 times, with qualified institutional buyers and non-institutional investors leading the charge. The IPO, completely an offer for sale worth Rs 179 crore, had a price band of Rs 230-243 per share. Analysts recommended subscribing due to the company’s niche market position and fair valuation.
Ventive Hospitality IPO subscribed 1.28 times as on Day 2. Check GMP, key dates and review
Ventive Hospitality IPO GMP: Ventive Hospitality’s Rs 1,600 crore IPO has been subscribed 78% by December 20, attracting strong demand from QIBs. The company offers luxury hotel assets and aims to raise funds for debt repayment and corporate purposes. Analysts recommend long-term subscription.
Gautam Duggad sees PE re-rating potential in 2 sectors; likes largecaps & may raise weight in Reliance
Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility and large-caps, suggesting increased weight on Reliance and HDFC Bank. With earnings growth scarce, portfolio construction for 2025 emphasizes sectors like IT, industrials, and select consumer discretionary areas.
Sebi halts trading in Bharat Global Developers shares amid suspicious price surge
Bharat Global Developers’ shares fell 5% after SEBI suspended trading and banned promoters due to concerns over financial disclosures. The company’s stock surged 2,304% in a year, with suspicious financial changes and management actions.
Banks to lead market recovery in 2025; ICICI, Axis and HDFC among top picks: Sandip Sabharwal
In the Indian context, we have had a growth slowdown due to various reasons, tight liquidity followed by various restrictions by the RBI on credit flow which obviously restricts economic growth, then the elections, heatwave, delayed monsoon, so I think there were a lot of factors at play and lower wage growth relative to inflation […]
Reliance Industries positioned for recovery despite debt concerns: Sandip Sabharwal
Obviously, there are other companies who are purely into EVs like Ola Electric, etc, where I would not be so bullish, I think they will continue to lose market share.
Piramal Enterprises shares jump 3% on plans to raise Rs 2,000 crore via NCDs
Piramal Enterprises’ shares rose nearly 3% after the company’s board approved raising up to Rs 2,000 crore via NCDs. The fundraising will occur in one or more tranches, with each NCD having a face value of Rs 1,000. The company’s stock has outperformed the Nifty index over the past year and year-to-date. Despite the day’s […]