BSE cautions investors against unsolicited messages in these penny stocks. Check details
BSE cautions investors against unauthorized investment advice regarding Elegant Floriculture & Agrotech India and Spright Agro scrips disseminated through social media. The exchange warns against entities like Vijay Wealth Advisor and Pankaj Bhardwaj Way2laabh, operating via Telegram, offering investment tips without proper registration.
Explained: What Oracle’s 36% rally means for OFSS shareholders
OFSS shares saw early gains following Oracle Corp’s historic 36% rally, but later gave up all profits after the company clarified no material developments impact its business. While Oracle’s AI-driven cloud growth sets a positive backdrop, OFSS’s performance remains tied to its own financial software operations and deal pipeline.
BSE shares slump 8% in 2 days ahead of Sebi board meet; reports on weekly expiry curb weigh
BSE shares fell for two days in a row ahead of Sebi’s board meet amid reports of a plan to curb weekly F&O expiries. Analysts caution that regulatory changes, including expiry shifts and open interest norms, may impact derivatives trading volumes and BSE’s earnings outlook.
Trent shares down nearly 40% from record high. Why are analysts predicting more pain?
Trent shares have fallen nearly 40% from record highs, with Kotak Institutional Equities warning of a further slide below Rs 5,000. The brokerage cites slowing same-store sales growth, aggressive store expansion risks, and muted revenue outlook as key reasons for its Reduce call.
Textile companies to take 5-10% revenue hit amid Trump’s 50% tariff, says Crisil
India’s home textile sector faces a 5–10% revenue drop this fiscal after the US imposed 50% tariffs. While frontloaded orders, limited rival capacity, and new markets offer some cushion, profitability may shrink. Crisil warns of weaker credit metrics, though optimism over India–US trade talks briefly lifted textile stocks.
PMS Tracker: Funds slump up to 10% in August; Valcreate, Ambit drag most while select portfolios advance
August proved volatile for PMS funds, with several small and midcap strategies logging steep losses—Valcreate’s Lifesciences fund plunged 10.19%. Yet, a few portfolios like Wallfort’s Avenue Fund and Valcreate’s Digital Disruption strategy posted modest gains, highlighting sharp performance divergence.
Bajaj Housing Finance will give subpar returns, says Motilal Oswal: Here’s why
Motilal Oswal initiates coverage on Bajaj Housing Finance with a neutral rating. The brokerage anticipates moderate growth and subdued return ratios. Valuations appear stretched, trading significantly above the IPO price. AUM and profit are expected to rise, but at a slower pace. NIMs may face pressure. The financier has a granular loan book with good […]
Larry Ellison beats Elon Musk in billionaire’s game. Is Oracle ready to dethrone Tesla from the world’s top 10 list?
Larry Ellison, the Oracle founder, briefly surpassed Elon Musk to become the world’s richest person. This happened after Oracle shares surged, increasing the company’s market value significantly. Oracle’s rise is due to promising forecasts for its cloud infrastructure revenue. The company has also secured major deals in the artificial intelligence sector. This shift highlights the […]
Reliance Communications shares drop 2% on ‘fraud’ notice from Central Bank of India
Reliance Communications shares fell after receiving a show-cause notice from the Central Bank of India proposing to classify Rs 400 crore of loan accounts as “fraud” and report to the RBI. The company is under ongoing insolvency proceedings.
Gold prices dip for 2nd session as traders eye US inflation data. Are analysts predicting a reversal?
Gold prices declined on MCX due to profit booking before US inflation data. October gold futures traded lower, while silver futures also showed weakness. US PPI data had previously cooled off, supporting prices. Market awaits CPI data for further direction. Geopolitical tensions and central bank buying support gold and silver. Experts suggest ranges for trading […]