Adani Power, Adani Green among other Adani Group stocks zoom up to 19% amid high volumes
Adani Power Share Price: On Tuesday, January 14, Adani Group stocks such as Adani Power, Adani Energy Solutions, Adani Total Gas, and Adani Green Energy saw significant surges in volume and prices. Adani Power rose as high as 19.3%. The overall market sentiment was positive, with gains in banking, auto, and energy sectors. The BSE […]
Rupee may find support at 87 as dollar index faces uncertainty ahead of Trump’s Policies: Anindya Banerjee
So, there is ample opportunity for RBI to intervene and RBI has to keep intervening because at least after the Trump administration comes in, the volatility in the currency can increase in case Donald Trump presses ahead with his America first policy, which can be ultra protectionist.
FPI selling pressure may persist due to rupee depreciation: Deven Choksey
Even likes of Jio Finance, you are getting into good price correction. So, certainly, whatever the requirement of money that we require in our funds, we currently take up this kind of activity and position ourselves in buying these companies.
BSE shares surge 5% after Jefferies upgrades to hold rating, raises target price
BSE Ltd shares rose 4.9% after Jefferies upgraded its rating to ‘hold’ and increased the target price to Rs 5,250. The upgrade reflects optimism about earnings potential despite challenges from Sebi’s new F&O rules. Analysts expect brokers to implement price hikes, stabilizing volumes. Goldman Sachs also initiated coverage with a ‘neutral’ stance and target price […]
Apollo said to weigh Tenneco India IPO at $2 billion valuation
Apollo Global Management is exploring an IPO for Tenneco Inc.’s India business, potentially valuing it at around $2 billion. Tenneco, acquired by Apollo for $7.1 billion in 2022, could raise $400 million to $500 million through the IPO, reflecting India’s vibrant market.
Stronger dollar and Fed moves weigh on EMs, but India remains resilient: Mayuresh Joshi
Mayuresh Joshi discusses the impact of strong US economic data on global markets and Indian equities, highlighting a robust dollar, FII pullbacks, and potential future earnings growth. He notes emerging markets, including India, facing premium valuation challenges, yet holds a cautiously optimistic view on Indian market resilience.
Bartronics India shares rally over 2% as promoter Kinex set to sell 6% stake via OFS
Bartronics India’s promoter Kinex India plans to sell about 1.92 crore shares via an offer for sale on January 14, 2025 for non-retail investors and on January 15, 2025 for retail investors. This move is to achieve the minimum public shareholding in the company. Shares have risen significantly in the last two years.
JSW Energy shares jump over 4% after receiving letter of intent to acquire Mahanadi thermal plant
JSW Energy shares rose 4.39% after the company became the successful applicant to acquire KSK Mahanadi Power Company, which owns a 3,600 MW thermal plant. The acquisition, pending regulatory approvals, will increase JSW Energy’s total thermal generation capacity to 7.5 GW and overall capacity to 28.2 GW, bringing it closer to its 2030 target.
Despite cyclical downturn in India, govt unlikely to unleash any fiscal stimulus measures: Report
India is experiencing a cyclical economic downturn with projected GDP growth of 6.1% for FY25 and FY26. While rural growth shows improvement, the government is expected to maintain fiscal discipline, and monetary policy remains cautious. Private capex sees encouraging signs, driven by various initiatives.
HCL Tech stock in focus after the Q3 results. Should you buy, sell or hold?
The company has reported an operating EBIT (earnings before interest and tax) of Rs 5,821 crore for the third quarter, which was up 4% YoY and nearly 9% QoQ (quarter-on-quarter).