Balarampur Chini, Avadh Sugar and other sugar stocks rally up to 8% as govt to consider MSP, ethanol price hike
Sugar stocks surged up to 8% following Food Minister Pralhad Joshi’s announcement that the government is considering increasing ethanol prices and raising the minimum selling price of sugar. The rally was led by Balarampur Chini, which rose 8%. The minister also mentioned that a decision on sugar exports would depend on production estimates for the […]
Authum Investment, Mahi Madhusudan Kela to acquire 46.85% stake in Prataap Snacks
Authum Investment & Infrastructure and Mahi Madhusudan Kela will acquire a 46.85% stake in Prataap Snacks for Rs 846.60 crore. The deal includes an open offer to acquire an additional 26% stake from the market. Prataap Snacks, known for its Yellow Diamond brand, will remain listed post-acquisition.
Railtel Corporation shares jump 4% post receiving order worth Rs 155 crore from Rural Development Department
Railtel Share Price: In the last two years, the shares of Railtel have gone up by 345.70% and in the last three years, it went up by 268.33%.
National Aluminum, SAIL shares surge up to 4% on PBoC’s 50 bps RRR cut
Shares of metal companies like National Aluminium and SAIL surged following China’s 50 basis point cut in reserve requirements, aimed at boosting economic growth amid ongoing deflationary pressures.
HDFC Bank shares on verge of breakout. How to trade?
HDFC Bank shares, after hitting an all-time high in July 2023 and then declining post-merger, are now nearing a breakout. The stock has shown strong positive momentum, but traders should watch for potential pullbacks. Experts suggest key support levels and potential targets for strategic trading.
Nuvama Wealth shares rise 4% as Edel Finance, Ecap Equities likely offload 6% stake via block deal
Nuvama Wealth Share Price: Shares of Nuvama Wealth increased by 182% in the last one year while in the current year so far, the stock has gained 90%. According to the BSE analytics, the shares have gained 45% and 39.5% in the last 6 and 3 months respectively.
Reliance Power shares zoom 47% in 8 days. Here’s why
Reliance Power Share Price: Reliance Power shares surged 46.6% over eight sessions, hitting a 52-week high as the company plans a Rs 1,525 crore equity issuance for expansion and debt reduction.
Vedanta shares surge 3% to hit 52-week high. Here’s why
The company has set October 16 as the record date for the interim dividend. The Anil Agarwal-led company had previously announced interim dividends of Rs 20, Rs 4, and Rs 11.
India jumps 42 spots in 9 years, ranks 39th in Global Innovation Index 2024
India has climbed 42 positions in the Global Innovation Index over the past nine years, now ranking first among lower-middle-income economies and 39th globally. This improvement is attributed to Prime Minister Narendra Modi’s leadership and the country’s focus on fostering innovation. Major cities like Mumbai, Delhi, Bengaluru, and Chennai are among the world’s top 100 […]
Hot stocks: Brokerage views on United Spirits, HDFC Bank, ICICI Bank and PB Fintech
Macquarie has maintained an outperform rating on HDFC Bank, setting a target price of Rs 1,900. While reported profits are expected to be weak year-over-year, NII is projected to grow by 14%, with NIMs expanding to 3.52%. Deposit growth is estimated to increase by approximately Rs 800 billion quarter-over-quarter.