Tata Sons plans to sell Rs 9,300 crore slice of TCS

Tata Sons plans to sell Rs 9,300 crore slice of TCS

Mumbai: Tata Sons, the holding company of Tata Consultancy Services (TCS), plans to sell 23.4 million shares in India’s largest software services exporter for at least ₹9,300 crore on Tuesday, showed a term sheet issued by JP Morgan, the banker to the deal. The floor price for the stock, amounting to 0.65% of the company’s … Read more

Promoters of mid and small-cap companies purchase big in March fall

Promoters of  mid and small-cap companies purchase big in March fall

Promoters of at least 50 mid and small-cap companies have acquired shares of their firms from the open market since March 1 in the wake of declines in prices of many of these stocks. Jindal Stainless, JSW Energy, Zydus Wellness, Nuvoco Vistas, and Bharat Wire are among the companies in which promoters have purchased shares … Read more

Tesla’s troubles raise questions about its invincibility

Tesla’s troubles raise questions about its invincibility

Elon Musk appeared to be in a defiant mood Wednesday when he stood before employees at Tesla’s factory near Berlin a week after an arsonist set fire to a high-voltage power pylon and brought production to a standstill. “They can’t stop us,” Musk, the company’s CEO, told workers in a giant tent beside the plant. … Read more

These 10 stocks have maximum number of ‘sell’ calls from analysts – Bearish Outlook

These 10 stocks have maximum number of ‘sell’ calls from analysts – Bearish Outlook

Tata Steel. Share Price 149.70 03:59 PM | 18 Mar 2024 8.00(5.65%) Mahindra & Mahindra. Share Price 1856.05 03:59 PM | 18 Mar 2024 56.55(3.15%) JSW Steel. Share Price 804.40 03:58 PM | 18 Mar 2024 23.75(3.05%) Tata Motors. Share Price 972.45 03:59 PM | 18 Mar 2024 26.61(2.82%) Apollo Hospitals Enterprise. Share Price 6136.55 … Read more

Tech View: Nifty forms small positive candle. What traders should do on Tuesday

Tech View: Nifty forms small positive candle. What traders should do on Tuesday

Nifty on Monday ended 32 points higher to form a small positive candle on the daily chart with minor upper and lower shadow. During the day, the index managed to hold on to the support zone of 21,900 – 21,850 where support parameters in the form of the 40-day average and the previous swing low … Read more

Expect decent consumption growth but investment growth will be stronger: Chetan Ahya, Morgan Stanley

Expect decent consumption growth but investment growth will be stronger: Chetan Ahya, Morgan Stanley

Chetan Ahya, Chief Asia Economist, Morgan Stanley, says that “during 2003-2007, we had seen the investment to GDP ratio go up from the trough of around 28% to the peak of 39% by CY2007. In this cycle, something similar is happening. Investment to GDP is troughing at 29% in 2020 and 12 months ended March … Read more

Portfolios need to have mid and smallcaps to capture the breadth of India opportunity: Radhika Gupta

Portfolios need to have mid and smallcaps to capture the breadth of India opportunity:  Radhika Gupta

Radhika Gupta, MD & CEO, Edelweiss MF, says “we are telling people, do not switch your existing mid and smallcap fund holdings and pay a lot of tax, but at least put incremental money in multi-cap funds. Could a behaviour of this kind happen? Yes. So that could lead to a moderating of flows by … Read more

Baby millionaire! Grandad Narayana Murthy gifts Infosys shares worth Rs 240 crore to four-month-old

Baby millionaire! Grandad Narayana Murthy gifts Infosys shares worth Rs 240 crore to four-month-old

Four-month-old Ekagrah Rohan Murty has become a millionaire even before learning how to walk on two legs as his grandfather and billionaire NR Narayana Murthy has gifted him 15 lakh Infosys shares worth over Rs 240 crore. Regulatory filings show that 77-year-old Murthy gifted 15 lakh shares or 0.04% stake to his grandson in an … Read more

Rekha Jhunjhunwala-backed Baazar Style Retail files IPO papers with Sebi

Rekha Jhunjhunwala-backed Baazar Style Retail files IPO papers with Sebi

Kolkata-based Baazar Style Retail, which is backed by ace investor Rekha Rakesh Jhunjhunwala, has filed a draft red herring prospectus (DRHP) with market regulator Sebi to raise funds through an IPO. The issue is a combination of a fresh equity sale worth Rs 185 crore and an (OFS) of 1.68 crore shares by promoters and … Read more

Hot Stocks: Brokerage view on RIL, IOC, PCBL and ICICI Bank

Hot Stocks: Brokerage view on RIL, IOC, PCBL and ICICI Bank

Brokerage firm Morgan Stanley maintained an overweight rating on RIL and an overweight rating on Indian Oil Corporation (IOC). Sharekhan recommended a buy on ICICI Bank and ICICIdirect has a buy rating on PCBL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on RIL: Overweight| … Read more