The Indian market rallied nearly 1% on Monday, tracking positive global cues. The S&P BSE Sensex rose over 900 points while the Nifty50 closed with gains of over 200 points. Sectoraly, buying was seen in utilities, public sector and banks while realty stocks saw selling pressure. Stocks that were in focus include names like Supreme … Read more
Shares of Aegis Logistic, which offers integrated oil, gas and chemical logistics services, has seen a robust rally in the last 10 years, rising as much as 3,000%. Accordingly, if an investor had invested Rs 10,000 in the stock four years ago and stayed put, the investment would have jumped to 3 lakh, according to … Read more
NEW DELHI: Although net sellers in the Indian market in the last one-and-a-half years, foreign institutional investors or FIIs, have been consistently raising stakes in over 110 stocks in the last four quarters. Out of them, the top 10 have delivered up to 300% return in the last one year. An analysis of shareholding pattern … Read more
With Nifty scaling past the key hurdle at 17,500 on Monday, bulls are now looking much stronger on Dalal Street. The positive momentum is expected to continue with Nifty eyeing 17,700 – 17,800 zones. Here’s how analysts read the market pulse: Ajit Mishra, VP – Research, Religare Broking, said Nifty has decisively surpassed the hurdle … Read more
NEW DELHI: Nomura India says can double from here on. March quarter LPG volumes improved for this logistics firm materially, the foreign brokerage said in its latest note, adding that the commissioning of 4 million tonne per annum Kandla LPG terminal will drive volume growth in FY23. The brokerage has maintained a ‘Buy’ on the … Read more