The Life Insurance Corporation of India (LIC) shares on Thursday hit a 52-week high of close to Rs 800 in intra-day trades. The stock settled at Rs 785.50, up 5.34%, on the BSE, after gaining as much as 7.27% to Rs 799.90. The stock had gained 7.2% on Monday and 5% on Wednesday. It is, […]
Year Ahead: Big movies will continue to rain in 2024
Cine-goers will have no dearth of choice in 2024 as the Indian film landscape will come alive with big-banner movies in both Hindi and regional languages. While 2023 saw the resurgence of Hindi movies and 2022 was all about south films, 2024 will be a happy mash-up of the two. The year will be choc-a-bloc […]
Share Market Highlights: Nifty trades below 19,750, Sensex above 65,900 ; Nifty Bank down over 100 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices ended Thursday’s trading session in the positive territory. The NSE Nifty 50 jumped 89.75 points or 0.44% to settle at 19,765.20, while the BSE Sensex jumped 306.55 points or 0.47% to 65,982.48. The broader indices ended largely in positive territory, wi
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 […]
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 […]
Tata Tech set to debut on Dalal Street on November 30: Here’s what to expect
The Tata Technologies listing on November 30 is one of the most talked-about Dalal Street debut in recent times. The grey market activity over the last 43 sessions signals an upward trend in the GMP, with current range between ₹240 -414, reinforcing the anticipation of a robust listing for Tata Technologies shares. The IPO, which […]
India’s wedding season is here: Top stocks to watch across clothing, jewellery, and hotel sectors
In a country where as many as 10 million marriages take place annually, India is currently in the midst of a bustling wedding season, spanning from November 23 to December 15. During this period, over 35 lakh marriages are set to take place, marking a significant economic upswing as families spare no expense in celebrating […]
Rating: BUY | M&M: Auto biz to be primary growth driver
Mahindra & Mahindra’s (M&M) operating performance in 2QFY24 fell slightly short, with Ebitda at Rs 30.7 billion compared to the estimated Rs 32 billion. However, the adjusted PAT surpassed expectations at Rs 34.5 billion. This outperformance can be attributed to better-than-expected other income, driven by higher dividends. We believe a rel
Stocks to Watch: Tata Technologies, ICICI Bank, Fedbank Financial Services, Gandhar Oil Refinery, UltraTech Cement
Stocks in Focus: GIFT Nifty traded flat at 20,105 down merely 0.08%, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 soared 206.90 points or 1.04% to settle at 20,096.60, while the BSE Sensex jumped 727.70 points or 1.10% to 66,901.91. “Investors […]