Indus Towers shares rally 6% after Citi recommends buying the dip, gives Rs 500 target price
Indus Towers Share Price: Shares of Indus Towers rose 6.2% to a day’s high of Rs 412.45 on the BSE after global brokerage firm Citi recommended buying the stock on dips, setting a target price of Rs 500 and maintaining a buy rating. Citi indicated that past dues from VI to Indus in Q2 FY25 […]
HFCL shares rally 6% on signing strategic partnership with General Atomics
This partnership marks a milestone in HFCL’s journey, as it becomes a key contributor to one of the world’s most sophisticated unmanned aerial vehicles (UAVs). The partnership anticipates development of critical sub-systems for GA-ASI’s current and future UAV platforms reflecting India’s growing investment in advanced defence technologies, according to a release.
Adani Total Gas shares surge 7% on securing largest global financing of $375 million
Adani Total Gas Share Price: The financing will accelerate ATGL’s City Gas Distribution (CGD) network infrastructure development program and the expansion is expected to cater to over 200 million people covering 14% of India’s population.
Manba Finance IPO opens for subscription. Should you bid?
Manba Finance’s IPO opened for subscription today and will close on September 25. The company aims to raise around Rs 151 crore through a fresh issue of up to 1.25 crore shares. The price band is set at Rs 114-120 per share, with shares trading at a premium in the unlisted market.
Brace for large moves in Nifty, Nifty Bank; 2 stock ideas: Anand James
Another aspect we will be closely watching would be how Nifty futures would play in the next week as they had gone into discount, unable to keep up with sustained buying in some Nifty heavyweights. Ideally, this is a sign of large demand on the spot, willing us to consider the possibilities of 26,600 on […]
ETMarkets Smart Talk: Why India’s premium valuation in emerging markets is here to stay, Rajesh Cheruvu explains
A key factor in this impressive resilience has been the structural shift in domestic inflows, which has brought much-needed depth and helped mitigate the impact of foreign institutional investor (FII) selling.
Financial Services get highest foreign inflows in first half of September
Overseas investors purchased Indian equities worth ₹32,779 crore across 17 sectors in the first half of September. Financial services received the highest inflows at ₹12,253 crore. Healthcare, consumer durables, and FMCG sectors also saw significant investments. However, the automobile sector faced the highest outflows at ₹1,983 crore.
Afcons Infrastructure’s IPO to open in early October
Afcons Infrastructure’s billion-dollar IPO, the largest in over two years, is set to launch in early October. The Shapoorji Pallonji Group’s engineering arm may increase the issue size to ₹8,400 crore. Proceeds will fund capital expenditure, working capital needs, and debt repayment. ICICI Securities and others are managing the issue.
Looking to make a quick buck? Strong IPO listing offers no guarantee of sustained gains
Investors eyeing quick profits from IPOs might benefit from selling newly-acquired shares soon after listing. Data shows that out of over 100 IPOs in 2023, many stocks failed to maintain their initial gains. Analysts suggest selling on the first day if shares hit the upper circuit for short-term gains.
Technical Views: Nifty in overbought zone, but 26,250 possible
Nifty shows a sharp positive trend with a potential target of 26,250 and immediate support at 25,600. Analysts advise caution due to high FPI long-short ratios and overbought conditions. Stocks like HDFC Bank, Kotak Bank, Maruti, and L&T are forming bullish trends. Investors should consider stock-specific opportunities while monitoring key support levels.