Cochin Shipyard shares fall 3% amid buzz around OFS at 8% discount
Cochin Shipyard shares dipped Monday following reports of a potential government Offer for Sale (OFS) at a discount. The government, aiming to raise funds, is reportedly planning to sell a stake soon, adding to recent disinvestment activities in other public sector undertakings. Despite a recent stock decline, the company has shown strong long-term returns and […]
Tata Capital shares slip 3% after stock rallies 17% in one week to lifetime high. What’s ahead?
Tata Capital shares saw a dip on Monday following a significant rally that propelled them to an all-time high last week. Despite a recent surge, the NBFC’s stock experienced a correction. Analysts at JM Financial have upgraded their rating to ‘Buy’, citing strong growth prospects driven by retailization and expansion. The company’s robust Q4 performance, […]
Reliance, financials and defence top investment picks as market leadership broadens: Rahul Shah
Reliance Industries is poised for a turnaround, with strong earnings, a Jio Platforms IPO, and AI/energy investments promising significant returns. Small banks are also attractive due to improving fundamentals and valuations. While IT valuations are cheap, earnings growth is a concern. Financials, particularly large private banks and NBFCs, remain a favored sector for their re-rating […]
Bajaj Auto shares gain 2% ahead of record date for its biggest buyback worth Rs 5,633 crore
Bajaj Auto shares gained ahead of the record date for its Rs 5,633 crore share buyback, the company’s largest to date. The buyback will be conducted at a premium through the tender route. Analysts suggest existing shareholders may benefit, while new investors should focus on business fundamentals rather than the buyback alone.
Vikram Solar shares fall 3% after NCLT admits insolvency petition against the company. Here’s why
Vikram Solar shares declined after the NCLT admitted an insolvency petition filed by Isitva Steels over alleged dues linked to civil works for a solar EPC project. The company has disputed the claim, citing a prior settlement agreement, and plans to challenge the order before the NCLAT.
Cipla shares jump 4% as Citi puts stock on 90-day catalyst watch. What’s driving the optimism?
Cipla’s stock surged following Citi’s ‘Buy’ rating and a 90-day Positive Catalyst Watch. The brokerage anticipates growth from potential US approvals like gFlovent and gVentolin, alongside a rebound in its US business. Domestically, Cipla’s performance remains strong, supported by its respiratory portfolio. Citi sees earnings bottoming out and highlights attractive valuations for the Indian market.
SK Hynix overtakes Samsung to become South Korea’s most valuable company
SK Hynix has surged past Samsung Electronics to become South Korea’s most valuable company, driven by its dominance in high-bandwidth memory (HBM) chips crucial for AI systems. This remarkable turnaround, from near collapse two decades ago to a market leader, highlights the transformative impact of the AI boom on the semiconductor industry. The chipmaker’s strategic […]
Infosys, HCL Tech, Coforge, other IT stocks rise up to 3% a day after a massive crash. What lies ahead?
IT stocks rebounded after a sharp sell-off triggered by Accenture’s guidance cut, with gains led by Coforge and Tech Mahindra. Analysts see valuations turning attractive but caution that volatility may persist. Technical indicators remain weak, with key support and resistance levels suggesting markets need stabilisation before any sustained recovery.
NSE, Jio IPOs unlikely to drain market liquidity; plenty of money waiting on the sidelines: Prateek Agarwal
Mega IPOs from NSE and Reliance Jio are sparking liquidity concerns, but Motilal Oswal AMC’s Prateek Agarwal believes ample capital awaits. He suggests successful listings could boost market participation. While large IPOs might temporarily pressure large-cap stocks due to institutional fund flows, current valuations are attractive, and easing macroeconomic worries offer a positive outlook. Even […]
Vedanta Power, Aluminium, Oil & Gas and Iron shares soar up to 5%. Which stock looks best placed?
Shares of Vedanta’s newly demerged entities rallied up to 5% for a second session, driven by strong investor interest and brokerage optimism. Citi prefers Vedanta Aluminium as a structural play, while Oil & Gas, Power, and Iron & Steel offer more cyclical or valuation-driven opportunities post restructuring.