The average market capitalisation cut-off for a stock to make it to the largecap category in the upcoming Amfi semi-annual categorisation is expected to be Rs 84,000 crore compared to an average of Rs 67,000 crore in the six months ending December 2023, Nuvama said in a note. Meanwhile, the midcap threshold is likely to … Read more
Shares of Asian Paints, Indigo Paints, Akzo Nobel, Berger Paints, and Kansai Nerolac rose up to 5.1% in Friday’s trade on NSE after Brent crude futures fell to a four-month low of $77.42 per barrel on Thursday. Meanwhile, on Friday, oil prices were little changed in early Asian trade after slipping about 5% to a … Read more
Kolkata-based today reported a 20.5% on-year decline in its consolidated net profit for the December quarter to Rs 201.17 crore . Its revenue rose 5.6% YoY to Rs 2,693.59 crore in the quarter. The company’s EBITDA for the quarter was Rs 349.65 crore as against Rs 392.11 crore in the corresponding quarter of last year, … Read more
Indian market recouped losses and closed in the green on Tuesday for the fifth consecutive day. The S&P BSE Sensex closed above 58,100 while the Nifty50 closed flat but above 17,300 levels. Sectorally, buying was seen in power, utilities, public sector, consumer discretionary, and FMCG while some selling was seen in realty, IT, capital goods, … Read more
Indian market started on a strong note on Friday tracking positive global cues. The S&P BSE Sensex rallied over 500 points while the Nifty50 reclaimed 17,000 levels in the first 15-minutes of trade. Sectorally, the rally was seen in metals, realty, auto, capital goods, and power stocks while some selling was visible in the healthcare … Read more
The stock price of Kansai Nerolac was Rs 390.3 when the market closed on June 13, 2022. The stock had reached its all-time high of Rs 651.5 on January 18, 2021, and has declined by almost 40% from those levels. Synopsis Kansai Nerolac is a subsidiary of Kansai Paint Company of Japan, which has 74.99% … Read more
Although a favourite of long-term investors for compounding wealth consistently over the last few decades, the stock of has hit a rough patch. The Nifty stock slipped another 3 per cent on Tuesday morning to hit a 52-week low of Rs 2,585.05. The stock is now down over 22 per cent year-to-date (YTD) and 11 … Read more
NEW DELHI: Nifty futures on the Singapore Exchange traded 44 points, or 0.26 per cent, higher at 17,304, signaling that Dalal Street was headed for a positive start on Wednesday. Here are a dozen stocks which may buzz the most in today’s trade: Power Grid, Nykaa: FSN E-Commerce Ventures (Nykaa), Power Grid, Tata Power Company, … Read more
NEW DELHI: Jesons Industries, a manufacturer of specialty coating emulsions and pressure-sensitive adhesives, files its IPO papers with Sebi. The company plans to raise Rs 800-900 crore, sources said. The Mumbai-based company’s IPO comprises equity shares of the face value of Rs 5 each and a fresh issue aggregating up to Rs 120 crore, with … Read more
Oil prices have been firming up recently with Brent at $84 a barrel — near its three-year high — led by a rebound in global demand that has contributed to energy shortages across various big countries such as China. While rising oil is bad news for India — a net importer of crude — some … Read more