Hero Motors withdraws draft papers for IPO
According to investment bankers, there were some technical issues with the draft papers and Sebi requested the company to make necessary revisions. As a result, the company decided to withdraw and refile the DRHP, they said. “The withdrawal of the DRHP has nothing to do with the weak secondary market. The company is expected to […]
Investors can now access 100% of sale proceeds for same-day trading
Starting Monday, investors will receive 100% of their sale proceeds on the same day, enabling immediate reinvestment. Previously, only 80% was accessible the same day with the rest available later. This change, aimed at enhancing liquidity, will benefit trading activities significantly.
Ashish Kacholia buys fresh stake in this smallcap company, stock up 5%
Ace investor Ashish Kacholia bought a 2.52% stake in Jyoti Structures. The stock closed 4.8% higher. Promoters and the promoter group do not hold any stake in the company. The entire 100% stake is held by public shareholders like FPIs, AIFs, and insurance companies.
BSE, Coforge among 6 small & midcap stocks that hit 52-week highs on Monday
Indian indices reversed early gains and declined on Monday, driven by Middle East tensions and concerns over corporate earnings. Despite the market downturn, six small and midcap stocks from the Nifty 500 index reached new 52-week highs.
8 largecap mutual funds turn Rs 10,000 monthly SIP to Rs 1 crore in two decades
Eight largecap funds turned a monthly SIP of Rs 10,000 into over Rs 1 crore in two decades. The Aditya Birla SL Frontline Equity Fund and HDFC Top 100 Fund achieved Rs 1.38 crore with an XIRR of around 15.45%. Other noted funds include Kotak Bluechip and Tata Large Cap Fund.
Tech view: Nifty breaks crucial support, may slide to 24,500 level. How to trade tomorrow
Nifty formed a long bear candle, indicating a continuation of the downtrend. The positive chart pattern has been negated by Nifty moving below the 24,753 support level. The underlying trend remains negative, with support at 24,500-24,400.
2 top stock recommendations from Aditya Arora
I am actually looking at largecap space, which is expected to do well, according to me, and I am also watching Nifty Metal space which has been consistently outperforming the market and the outperformance may continue.
What to do with BSE, Mamaearth, Adani Green and 3 other stocks? Aamar Deo of Angel One decodes
With middle east tensions showing no signs of cooling off, investors, both local and global, appear to be concerned about the fallout of any escalation in the conflict, leading to a spike in crude oil prices and an 18% rise in the India VIX, also referred to as the Fear Index, WoW.
Titan shares fall 3% after Q2 business update. Here’s what brokerages said
Investec maintains a hold rating on Titan with a target price of Rs 4,100, expecting strong revenue growth but muted PAT. The jewellery segment sees good growth, but a weak studded mix may dent margins. Watches and wearables grew 19% YoY, while eyewear lags behind. Emerging businesses posted double-digit growth, with fragrances up 19% and […]
Naukri shares tumble 3% on reporting 12% YoY jump in Q2 standalone billings
Info Edge (India) shares fell 3.3% despite a 12% YoY billing increase to Rs 650.3 crore for Q2. The company reported strong profit growth amid significant share price gains.