New Delhi: Burmans’ open offer of Rs 2,116 crore for the acquisition of additional 26 per cent stake in Religare Enterprises Ltd (REL) has received tepid response. As per the data of open offer, against 90,042,541 shares (26 per cent), only 231,025 shares (0.07 per cent) were tendered. The open offer for the acquisition of … Read more
The Indian market is likely to trade higher on Friday, tracking positive global cues. The India VIX climbed 2.09% to close at 15.99 on Thursday, indicating heightened caution. FII selling pressure continues, as the Long-Short ratio hovers around the 25% level. “India VIX is up by more than 7% this week, which increases volatility. Until … Read more
IRFC Share Price 150.76 03:59 PM | 16 Oct 2024 -0.35(-0.23%) Suzlon Energy Share Price 75.05 03:59 PM | 16 Oct 2024 1.35(1.82%) IREDA Share Price 221.11 03:59 PM | 16 Oct 2024 -1.57(-0.71%) Tata Motors Share Price 907.45 04:00 PM | 16 Oct 2024 -9.85(-1.08%) YES Bank Share Price 21.15 03:59 PM | 16 … Read more
The India Meteorological Department (IMD) announced its stage-2 long-range forecast for southwest monsoon 2024. It has retained its outlook of an above-normal monsoon this year. It expects rainfall in the upcoming monsoon to be at an eight-year high of 106% (with an error margin of +/-5%) of the long-period average of 870mm for the four-month … Read more
LTIMindtree and Bharat Electronics (BEL) will replace UPL and Dabur India from S&P BSE Sensex 50 index with effect from December 18 as part of the reconstitution of the 30-stock index, a BSE release said on Monday. Shares of LTIMindtree jumped over 2% to the day’s high of Rs 5638 on the BSE while BEL … Read more
A host of important triggers are likely to have an impact on Titan Company, FSN E-Commerce Ventures, Dabur India and Gravita India. After Q2 updates, Morgan Stanley took an Equal Weight stance on Titan while Nomura maintained a neutral view on the Lifestyle-focused consumer technologies platforms FSN which operates Nykaa. Macquarie has a ‘Neutral’ stance … Read more
Brokerage firm Jefferies maintained a buy rating on Allcargo Logistics, Morgan Stanley remained overweight on Dabur India, JPMorgan has an overweight rating on RIL, Citi maintained its sell rating on Tech Mahindra and a buy rating on Titan Company.We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies … Read more
India and Egypt plan to push bilateral trade to $12 billion within the next five years. This was discussed during a meeting between Prime Minister Narendra Modi and the India unit of the Egyptian Cabinet led by its Prime Minister Mostafa Madbouly in Cairo on Saturday, officials said. The volume of trade between the two … Read more
Earnings of fast moving consumer goods (FMCG) companies witnessed positive volume growth in Q4FY23 after five consecutive quarters of decline. The recovery was led by their performance in the urban markets. FY23 was a year of divergence for the FMCG pack where prices grew despite the dwindling volumes on the back of high commodity prices. … Read more
Brokerage firm Jefferies maintained a buy rating on Sunteck Realty. Credit Suisse is bullish on L&T, UltraTech Cement, and Cummins India while it maintains an underperform stance on Container Corp, ABB India, and Voltas. CLSA continues to like HUL, ITC, and Dabur India while it has maintained its sell rating on Britannia Industries and Nestle … Read more