Indian Renewable Energy Development Agency (IREDA) garnered full subscription for its initial public offering (IPO) on Tuesday — the first day of bidding — following strong demand from across categories. It will remain open till Thursday. According to exchange data, the issue received bids of close to 921 million equity shares against the offered 4
Jefferies maintains ‘Buy’ recommendation on Bajaj Finance, sees 29% upside
The Bajaj Finance stock has been in focus after the Reserve Bank of India (RBI) directed the company to halt the sanction and disbursal of loans under its ‘eCOM’ and ‘Insta EMI Card’ products due to non-compliance with digital lending norms. However, brokerages are not very worried. Jefferies, has upheld its ‘Buy’ recommendation on Bajaj […]
How to Navigate Volatility?
By Deepak Jasani Volatility in the financial markets is not as bad as it is made out to be. It gives rise to opportunities for investors and traders to earn. Without volatility, there would be no price moves, which would mean no profits. However, very high volatility increases the risk of losses. Therefore, learning to […]
Diwali Special: Top 10 stocks that have outperformed the Index between last Diwali to this Diwali
As the festival of light is set to brighten up your house, the stock market is seeing its own illuminating spectacle, with a select group of stocks showcasing stellar performances from Diwali 2022 to Diwali 2023. The Indian index, which gave returns of 6% from last Diwali to this, has been overshadowed by these top […]
Rating: BUY | Stagnant to modest growth for Tata Power
By Nuvama Research In Q2FY24, Tata Power (TPWR) recorded a consolidated PAT of Rs 8.75 billion (after minority interests), reflecting a 7% y-o-y increase. The decline in coal profits was mitigated by positive developments such as (i) CGPL turning PAT positive (operating under Sec-11), (ii) higher PAT in solar EPC/Odisha discom, and (iii) reduced lo
Gold: The fundamental catalyst still supports another rally in Vikram Samvat 2080
By Jigar Trivedi Gold prices have given over 20% returns since last Diwali. The fundamental background is supportive for another strong rally in the yellow metal. The uncertainty related to the geo political risk / war premium or the US elections is likely to be a major Catalyst for an up trend. Moreover the central […]
India’s high income aspirations
By Ashok Gulati Let me begin by wishing the readers a very happy Christmas. May we all receive the gifts of peace and prosperity. When we talk of prosperity—individual or national—a lot depends upon individual efforts as also on the socio-economic framework in which one operates. The Bharatiya Janata Party (BJP) has recently won three […]
Closing Bell: Market remains volatile throughout the week, Nifty settles below 19800, Sensex over 66000, IT drops over 1%
The benchmark equity indices closed Friday’s trading session in negative territory. The NSE Nifty 50 ended down by 7.30 points or 0.04% to settle at 19,790.55, while the BSE Sensex ended down by 47.77 points or 0.07% to 65,970.04. Bank Nifty index gained over 191.60 points or 0.44% to settle at 43,769.10. The broader indices […]
Govt pays heed to RBI, moves to rein in food prices
To curb retail food prices, the government has announced a host of measures including ban on export of onion till the end of current fiscal, duty-free import of yellow peas, additional limits on stocking of wheat and allocation of additional quantities of the grain under the open market sale to bulk buyers from the buffer. […]
Warehousing surge in India
– By Avikshit Moral and Mahek Chheda In recent years, India has witnessed a monumental surge in its warehousing industry, signalling a pivotal shift in the country’s economic landscape. The robust growth of e-commerce (expected to reach $350 billion by 2030), advancements in technology, government initiatives and evolving consumer preferences have