Leading exchanges BSE and NSE have imposed a fine of Rs 5,42,800 each on state-owned Power Grid Corporation for not having the required number of independent directors, including one woman. The NSE and BSE have imposed a fine of Rs 5,42,800 for non-compliance, Power Grid Corporation said in a regulatory filing said. The company said […]
Oil set for third weekly decline as Middle East conflict concerns ebb
Oil prices were little changed on Friday after rising in the previous session but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed allowing demand worries to reassert themselves. Brent crude futures for January were flat at $80.01 a barrel at 0157 GMT, while the […]
Jefferies initiates coverage on BSE with Buy, says derivatives ramp up a key driver
In an interesting development, Jefferies has initiated its coverage on BSE with a Buy rating and a target price of Rs 2,700, indicating almost 24% upside from current levels. According to the brokerage, derivatives ramp up is key driver for recent earnings upgrades and stock performance, “BSE can leverage macro-tailwinds along with headway into der
Jefferies maintains ‘Buy’ call on L&T, sees 12% upside as revisiting the ESG concern
Jefferies has reiterated its ‘Buy’ recommendation on Larsen & Toubro (L&T) and sees a 12% upside potential, setting a target price of Rs 3400 per share. The bullish stance is anchored in the backdrop of India’s ongoing capital expenditure upswing and L&T’s 45% outperformance compared to the Nifty Year-to-Date (YTD). This has prompted fu
DOMS Industries opens for subscription, GMP up 62%; should you subscribe to the issue?
DOMS Industries IPO: DOMS Industries IPO opens for public subscription today and will close on Friday, December 15, 2023. The bidding for anchor investors concluded on Tuesday, wherein the company collected Rs 537.75 crore. The price band for its public issue at Rs 750-790 per equity share of face value Rs 10 each. At the […]
Fedbank Financial Services lists over 1% discount; Should you hold or exit?
Fedbank Financial Services shares are listed at a 1.60% discount at Rs 137.75 on the BSE and at Rs 138 on the NSE, compared to the issue price of Rs 140. The public issue was subscribed to 2.24 times on the last day of the offering. “The only disappointing debut on the stock markets today […]
Defence stocks in focus amidst global uncertainty: Is it an opportunity for invest?
In the aftermath of ongoing geo-political disturbances, India’s defence sector has emerged as a beacon of strength. While the stock markets have been grappling with the uncertainties of post-war repercussions, a handful of defence stocks have defied the trend, presenting a unique opportunity forinvestors. This surge in defence stocks can be attribu
Diwali 2023: PM Modi celebrates the festival of lights with security forces at Himachal’s Lepcha – See Photos
1/10 Prime Minister Narendra Modi on Sunday celebrated Diwali with soldiers in Himachal Pradesh’s Lepcha and hailed the unwavering courage of the security forces. Since coming to power in 2014, Modi has been visiting military facilities to celebrate Diwali. (PTI Photos) 2/10 The prime minister shared photographs of his interactions with the soldier
First rupee payment for oil to UAE: India looks for more deals and no targets, say officials
India’s first-ever payment in rupees for crude oil purchased from the UAE is helping the world’s third largest energy consumer push for taking the local currency global, as it looks for similar deals with other suppliers, officials said, adding internationalisation is a process and there are no targets. With the nation more than 85 per […]
IREDA’s IPO Opens For Subscription: Should You Invest Or Not?
Indian Renewable Energy Development Agency IREDA’s Initial Public Offering (IPO) opens on November 21, with a total issue size of Rs 2,150 crore and a price band set at Rs 30-32 per share. The IPO consists of 67.19 crore shares, including a fresh issue of 40.32 crore equity shares by IREDA and an offer-for-sale of […]