RVNL, Ircon, other rail shares rally up to 9% amid reports of capex boost in Budget
Rail stocks surged with RVNL and Ircon leading, as reports suggest the upcoming Union Budget may increase Indian Railways’ capital expenditure by 15-20% to over Rs 3 lakh crore for FY26. The higher allocation is expected to fund new tracks, upgrades, and rolling stock purchases, driving optimism among investors.
Zomato shares advance 7% as CLSA adds stock to ‘high conviction overweight’, raises target price to Rs 400
Zomato share price: CLSA has reiterated its bullish stance on Zomato, adding the stock to its “High Conviction Overweight” list and raising the target price to Rs 400 from Rs 370, indicating a 64% upside potential. The brokerage sees the recent stock correction as an attractive buying opportunity and expresses strong confidence in the growth […]
ETMarkets Smart Talk | Nifty to hit 28,000 and Sensex 90,000 in 2025: Ajay Garg of SMC Global Securities
Despite the volatile market, Sensex and Nifty have delivered 8% – 10% returns in 2024. While the market outlook for 2025 seems volatile in the short term, it is expected to generate good returns by the end of 2025.
Barflex Polyfilms IPO allotment expected today. Here’s how you can check status
Barflex Polyfilms IPO was subscribed nearly 141 times at close due to bidding largely driven by non-institutional investors. The company, which offered a mere 47 lakh shares, received bids for nearly 66 crore shares.
Q3 results today: RIL, Infosys among 37 companies to announce earnings on Thursday
Key companies such as Reliance Industries Ltd, Infosys, Axis Bank, and LTIMindtree are set to release their third quarter earnings. RIL is expected to show improved earnings due to better refining margins, while Infosys and Axis Bank may see moderate profit growth despite some challenges.
Kitex Garments among 3 stocks to trade ex-bonus tomorrow. Do you own?
Kitex Garments, Kore Digital, and Sattva Sukun Lifecare have fixed January 17 as the record date for their bonus share issues. Kitex Garments and Kore Digital announced a 2:1 bonus share issue, whereas Sattva Sukun Lifecare declared a 3:5 issue. Today is the last day to purchase shares to be eligible for these bonus issues.
Stallion India Fluorochemicals IPO opens today: Check key dates, GMP, subscription, price band, review
Stallion India Fluorochemicals plans to use the funds raised from the IPO for incremental working capital requirements, capital expenditure requirements for semiconductor and specialty gas debulking and blending facility and other general corporate purposes.
Stocks to buy: RIL, Infosys and Axis Bank on investors’ radar
Stocks that were in focus include names like RIL, which rose 1.07% and Infosys, which gained 0.6% and Axis Bank, whose shares fell 2.5% on Wednesday.
Oyo investors look to sell stake at $3.9-billion valuation
Hospitality startup Oyo’s early investors, such as Lightspeed Venture Partners, are in talks with family offices to divest a portion of their stake at a valuation of around $3.9 billion, sources told us. This stake sale is at a premium of more than 60% to the Rs 1,457 crore funding round in August 2024 when […]
Wall Street surges as inflation data, bank earnings fuel rally
The Labor Department said the consumer price index (CPI) increased the most in nine months as energy costs rose, although a measure of underlying inflation pressures subsided.