Rupee rises 14 paise to 86.50 against US dollar in early trade
Meanwhile, the US dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.04 per cent higher at 106.41.
Mahindra & Mahindra shares tumble 2% after board approved Rs 4,500 crore rights issue plan
Mahindra & Mahindra shares dropped 2% after it announced its subsidiaries will raise up to Rs 4,500 crore through rights issues. MMFSL aims to raise Rs 3,000 crore, while MLDL targets Rs 1,500 crore, with M&M fully subscribing to its rights entitlement.
JM Financial shares rally 4% on receiving Rs 230 cr tax refund
JM Financial shares surged 4% to hit an intraday high of Rs 108 following the announcement of a Rs 230 crore tax refund from the Income Tax Department of India. This refund pertains to the assessment year 2008-09 and will positively impact the company’s financials.
ITI Ltd shares hit 5% upper circuit on receiving revised Rs 200 cr AMRCD order
ITI Ltd shares surged 5% to Rs 284 after receiving a revised order to transfer 22.258 acres of land for Rs 200 crore. The company received Rs 100 crore upfront, with the balance pending statutory formalities. Despite short-term gains, the stock remains down 25.66% YTD and trades below key moving averages.
JSW Energy shares rally 5% as Morgan Stanley initiates coverage with Rs 545 target price
Shares of JSW Energy rose by 4.8% after Morgan Stanley gave an ‘overweight rating’ with a target price of Rs 545. The brokerage cited strong market share gains and projected an EBITDA CAGR of 24% for FY24-28. JSW Energy’s renewable energy segment is expected to grow EBITDA by 52%. Despite recent profit declines, the stock […]
Market Panic Overblown? Hemang Jani bets on Trent among 7 beaten-down winners
Market expert Hemang Jani identifies opportunities in beaten-down stocks like Trent, Dixon Technologies, and Cummins India, which have strong fundamentals despite significant corrections. He advises focusing on companies with solid earnings growth instead of large-cap defensive names for potential bounce-back investments.
ETMarkets Smart Talk: From MAGA to MIGA – Opportunities and challenges for India’s economic growth, Dr. Poonam Tandon decodes
Markets have indeed been very volatile in the past couple of months. Firstly, corporate earnings performance has come below expectations for most sectors with single-digit PAT growth for the Nifty and BSE500 leading to downward revision in earnings estimates.
Positive Breakout: These 9 stocks cross above their 200 DMAs
In the Nifty500 pack, nine stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on February 20, 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 200-day […]
Shanmuga Hospital shares to list on NSE SME platform today. Check GMP and other details
Shanmuga Hospital is set to be listed on the NSE SME platform, indicating a moderate premium. The IPO funds will enhance medical equipment and general purposes. With advanced medical infrastructure and accreditation, the hospital provides comprehensive and affordable healthcare services, aiming for continuous improvement and wider reach through collaborations.
Royalarc Electrodes shares to debut soon. What GMP signals ahead of the debut?
Royalarc Electrodes’ IPO saw a subscription of 1.6 times, debuting on the NSE SME platform today with no grey market premium. Founded in 1996, the company manufactures welding consumables and trades ancillary products. Their advanced facility in Gujarat ensures high-quality standards, supported by a skilled team of 144 employees.