Mahi Madhusudan Kela, Authum Investment offer to buy Prataap Snacks 26% stake at Rs 865.66 per share
Prataap Snacks has received an open offer from Authum Investment & Infrastructure and Mahi Madhusudan Kela to acquire 26.01% equity at ₹865.66 per share, totaling 62.98 lakh shares.
Former Chief Investment Officer, his sister settle front-running case by paying Rs 91 lakh. Details here
A former CIO and his sister settled a Sebi front-running case by paying ₹91 lakh and accepting a six-month market ban. Sebi’s probe uncovered ₹27.77 lakh unlawful gains from front-running trades worth ₹42.36 crore.
Tech View: Nifty forms hammer candle; rebound from 23,500 offers hope. How to trade on Thursday
The Nifty’s short-term trend remains weak, but a smart recovery near 23,500 levels suggests a potential upside bounce. A sustained move above 23,800 levels could confirm this recovery. Immediate support is seen at 23,496 levels, according to Nagaraj Shetti of HDFC Securities, indicating possible market strength if the resistance is surpassed.
NSE expands colocation facility in Mumbai with 200 new racks
The NSE expanded its colocation facility in Mumbai, adding over 200 racks and planning to reach 1,500 racks by FY25. It aims to scale capacity to 4,000 racks within two years, enhancing ultra-low latency trading infrastructure for market participants.
Delta Corp shares jump over 7% as SC agrees to hear online gaming industry’s pleas against GST notices
Delta Corp shares have fallen 21% in the past six months and 59% over the last three years. The stock’s relative strength index (RSI) is at 36.1. According to Trendlyne, an RSI below 30 is considered oversold, while above 70 indicates overbought conditions.
Manufacturing, industrialisation & power capex are structural stories: Rahul Chadha
The China plus one strategy encourages diversification of suppliers due to geopolitical risks, which benefits Indian companies across various sectors. In pharma, both traditional and CDMO segments show opportunities. The industrial sector grows more attractive as interest rates drop and currency stabilizes. The strategy also provides a competitive edge to Indian exporters facing Chinese competition.
Insurance, NBFCs and Private Banks to lead financial sector growth in 2025: Vinay Sharma
So, just from a risk-reward perspective and from a cycle perspective, we like pure financials or pure lending institutions more than some of these other intermediaries at this point of time.
FMCG showing signs of medium-term Support, but IT weakness could trigger lower levels: Rohit Srivastava
If we actually close below 49,800, it would end up indicating that we are probably going back to 47,100 to maybe 46,200 kind of range in the coming weeks, so that is the setup in the main two indices that we are seeing.
HCL Tech and Aurobindo Pharma among 9 stocks that can rally up to 21%. Time to buy?
These stocks belong to different sectors such as telecom, information technology, banking, and finance.
Quick commerce sector to face increased competition, but Zomato and Swiggy poised to maintain lead: Dipan Mehta
Overall, in the banking sector, there could be a trading play as liquidity may improve post RBI policies in 2025, maybe interest rate cut.