Ashish Kacholia-backed smallcap stock soars 17% as board to mull bonus issue, stock split on Sept 27. Do you own?
Fineotex Chemical shares surged 16.6% after the company announced a board meeting on September 27 to consider dividend declaration, stock split, and bonus shares. The agenda also includes raising authorised capital. Investor focus sharpened as ace investor Ashish Kacholia holds a 2.74% stake, amplifying market interest in corporate developments.
Ganesh Infraworld plans Rs 200–250 crore share sale
Ganesh Infraworld, an EPC firm based in Kolkata, intends to raise funds. The company plans to secure Rs 200-250 crore through a qualified institutional placement soon. Ganesh Infraworld got listed on NSE SME Emerge platform last year. Since its debut, the company’s stock has increased significantly. However, the company’s shares experienced a slight dip recently.
Adani Power shares bounce back, rise 6% after 2-day selloff. What triggered the surge?
Adani Power shares rose sharply on Thursday after a two-day, 21% decline triggered by profit booking post-stock split and rally. Investor sentiment improved following Sebi’s regulatory clearance, a shareholder letter from Gautam Adani, and strong group financials, highlighting robust growth and key operational milestones.
Sebi hasn’t started consultation process to remove weekly expiry, says Nithin Kamath
Sebi has intensified scrutiny of the options market following surveys highlighting significant retail losses. The regulator floated the idea of extending derivative contract tenures last month and recently introduced measures such as delta-based open interest calculation. These changes could impact major market participants, potentially moderating trading volumes and reducing volatility, while Kamath acknowledged possible restrictions […]
Dixon Technologies shares rise as UBS upgrades it to buy rating, sees 27% upside
Dixon Technologies shares: UBS upgraded the stock to a ‘Buy’ with a ₹23,000 target, implying ~27% upside. UBS highlighted Dixon’s expansion into non-semiconductor smartphone components, expecting EBITDA margins to rise 110 bps by FY28, outperforming consensus estimates.
Citi re-initiates coverage on SBI with ‘buy’ rating, sets Rs 1,050 target price
Citi has re-initiated coverage on State Bank of India (SBI) with a ‘Buy’ rating and a target price of Rs 1,050, citing strong credit growth, improved returns, and operational efficiencies. The brokerage expects FY26–FY27 loan growth of 13–14%, NIMs of 2.8–2.9%, and ROE of 14–15%. Risks include asset slippages, lower NIMs, and higher credit costs.
Gold prices take a breather, but hold firm above Rs 1.12 lakh/10 gms. Time to book gains or ride the trend?
Gold futures eased 0.14% to ₹1,12,400/10g on MCX Thursday after a strong rally, while silver gained 0.26% to ₹1,34,355/kg. Globally, gold held steady ahead of U.S. economic data, supported by a weaker dollar.
Hindustan Copper shares rally over 6% on surge in global copper prices
Hindustan Copper shares surged sharply after global copper prices spiked due to a production halt at Grasberg, the world’s second-largest copper mine in Indonesia. The mine suspension, caused by a fatal mudflow, tightened global supply and pushed copper futures to 15-month highs.
Ivalue Infosolutions shares list at 5% discount to IPO price on exchanges
Ivalue Infosolutions, an enterprise technology services provider, experienced a discounted listing on the NSE and BSE, debuting at Rs 284.95 against an IPO price of Rs 299. The Rs 560-crore IPO, an offer-for-sale, was subscribed 1.82 times, with tepid grey market activity preceding the listing.
Markets stuck in narrow range despite optimism: Dipan Mehta
Indian equity markets are navigating a sideways trend due to valuation concerns and liquidity dynamics, according to Dipan Mehta. Continuous mutual fund inflows are preventing corrections, while fundamentals are hindering strong rallies. GST cuts are expected to boost consumer lending, benefiting banks and NBFCs through increased demand for high-ticket items on EMI.