These 5 FMCG stocks hit fresh 52-week highs and rallied up to 35% in a month
Reaching a 52-week high marks a stock’s strongest performance in a year, a crucial indicator for assessing investment potential.
Rs 1 lakh mutual fund SIP can be the new status symbol: Radhika Gupta of Edelweiss Mutual Fund
Radhika Gupta, CEO of Edelweiss Mutual Fund, suggests that with India’s financialization, the new measure of wealth should be the size of one’s monthly SIP book. She envisions young people proudly discussing their SIP investments rather than properties.
NTPC Green Energy files draft papers for Rs 10,000 crore IPO
NTPC Green Energy has filed draft papers for a 100 billion rupees initial public offering, aiming to benefit from India’s renewables expansion and a strong equities market. The company will issue new shares, with no existing shareholders selling stakes. This move aligns with India’s goal to add 500 GW of clean energy by 2030.
Nazara Technologies to raise Rs 900 crore in its biggest fundraise; acquires additional stake in Absolute Sports
Nazara Technologies announced a Rs 900 crore fundraising through preferential equity. The funds will be used for acquisitions, business expansion, and growth opportunities. Marquee investors like SBI Mutual Fund and Think Investments are participating in the round.
Govt to dilute up to 7% equity in IREDA through QIP, raise Rs 4,500 crore
State-owned Indian Renewable Energy Development Agency (IREDA) said it has received the government’s approval to raise up to Rs 4,500 crore through an issue of equity shares to qualified institutions placement.
Tech view: 25,500 crucial resistance for Nifty; decisive up move to take index higher. How to trade on Thursday
Nagaraj Shetti of HDFC Securities believes the short-term outlook for the Nifty is positive but with limited price movement. He suggests dips towards 25,200-25,100 could offer attractive buying opportunities. A decisive move above 25,500 might propel the Nifty toward higher targets.
MSME segment will continue to grow by 15%; expect lower NPA by year-end, says Capri Global MD
Rajesh Sharma, MD of Capri Global Capital Limited, discusses the company’s strategies for handling NPAs in the MSME segment and plans for growth in gold loans and affordable housing. The company aims to achieve a 25-30% annual growth rate over the next few years, with an AUM target of Rs 25,000 crore to Rs 30,000 […]
Why US Fed is going to go for a 50 bps cut? Manish Singh explains
Market expert Manish Singh discusses the Federal Reserve’s potential for a 50 basis point rate cut, citing the current inflation trends and the restrictive rates. He highlights the economic indicators supporting this move and its implications for the American economy, emphasizing that no recession is expected in the near term.
What’s triggering fall in IT stocks? Rohit Srivastava answers
We should not rule out the possibility that there is some profit booking that follows an event when typically it is buy on expectation and sell on news kind of a situation. So, that is where I think the IT sector may be taking a hit apart from whatever news flow is happening, that is […]
NSE announces November 2 as record date for 4:1 bonus issue
The National Stock Exchange (NSE) board has announced November 2 as the record date for its previously declared 4:1 bonus share issue. This means shareholders will receive four bonus shares for each share they currently hold.