ITI Ltd shares zoom 20% to hit upper circuit, new record high in intraday trade
Shares of ITI Ltd, a state-owned company under the Department of Telecommunications, soared 20% today in intraday trade, hitting a new all-time high of Rs 457.25 on the BSE. The stock has been on an upward trend since October 2024 and has seen a significant increase in volumes since November last year.
Bajaj Housing shares may dive 21%, believes Kotak Equities. Initiates coverage with Rs 100 target
Kotak Institutional Equities has initiated a “sell” rating on Bajaj Housing Finance, citing expensive valuations and a potential 21% downside risk. The brokerage expects 25% earnings growth over FY2024-27E but projects flat margins and moderate RoE. Despite strong asset quality, competition and rising rates pose risks.
2 top stock recommendations from Dharmesh Shah
It definitely is a surprise for everybody for 2025 because nobody expected such a sharp move in just last three trading sessions. But definitely the December auto sales numbers were positive and that is something helping it out right now in terms of price performance.
ITC Hotels could see market cap of Rs 30,000-35,000 crore post-listing: Prashant Biyani
Demand is not a challenge at all. We are expecting rate increase to be in the range of early teens. And as far as business on books is concerned, for Q4 also demand looks to be quite good. And if we fast forward to Q1 of FY25, so this year, Q1, we had election season […]
Microfinance sector faces continued pain, likely to bottom out by FY-25: Kaitav Shah
RBI did highlight pain points in a lot of different products within the retail category. Once these get worked about, you will see some consolidation taking place this year in terms of loan growth across the board.
YES Bank’s Q3 advances grow 12.6% to Rs 2.45 lakh crore, deposits up 14.6%
Yes Bank has announced that its loans and advances have grown by 12.6% year-on-year (YoY), reaching Rs 2,45,035 crore as of December 31, 2024, up from Rs 2,17,523 crore in the same period last year
MOIL shares rally 6% after strong Q3 update; sales rise 13% YoY
Shares of state-run MOIL have surged by 6% in today’s trading session, reaching a peak of Rs 359.35 on the BSE. This boost follows the company’s announcement on Friday that it has achieved its best-ever performance for both Q3 and the first nine months of the fiscal year, ending December 31, 2024.
Technichem Organics IPO allotment likely today: Check status, GMP, listing date and other details
The Technichem Organics IPO share allotment will be finalized soon, with investors able to check their status via BSE or the registrar’s website. Shares are expected to list on January 7, trading at a 27% premium in the grey market. The IPO received a strong subscription of 425 times.
Positive Breakout: These 3 Nifty stocks cross above their 200 DMAs
In the Nifty50 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on January 2, according to stockedge.com’s technical scan data.
Indo Farm Equipment IPO: Check allotment status, GMP, listing date and other details
Indo Farm Equipment IPO share allotment is expected to be finalized soon. Investors can check their allotment status on BSE or registrar’s website. Indo Farm Equipment received huge IPO subscriptions, with shares anticipated to list on January 7. The company plans to use IPO funds for repayment of borrowings, NBFC investment and general corporate purposes.