Shares of PSU company Hindustan Aeronautics (HAL) today surged 4% to an intraday high of Rs 4,246 on the BSE today after the company on Thursday reported a consolidated net profit of Rs 1,510 crore for the quarter that ended September 30, 2024, rising 22% over Rs 1,237 crore reported in the year-ago period. The … Read more
A recent study conducted by Value Stocks, a smallcase manager, provides insight into the valuation of Public Sector Undertaking (PSU) stocks. The research firm analyzed 91 PSU stocks listed on the National Stock Exchange (NSE), categorizing them into 26 subgroups. The findings reveal that only five sub-groups are overvalued, five are fairly valued, while a … Read more
“I think the time has come for them to really take charge or take lead or join the overall bullish camp and that is what is sort of happening. A lot of people have started to relook at HDFC Bank,” says Rohit Srivastava, Strike Money Analytics & Indiacharts.What are you reading of this kind of … Read more
May 16, 2024, 07:08:12 PM IST Mutual funds buy and sell securities to actively manage their portfolios. Here is the list of top 10 largecap stocks sold by mutual funds in April, according to a report by ICICI Direct Research. ETMarkets.com 2/11 Jio Financial Services The fund houses had 2,661 lakh shares of Jio Financial … Read more
It was yet another successful divestment for the government as NHPC’s offer for sale (OFS) received a massive response from both institutional and retail investors. The OFS, which opened for retail investors on Friday, was subscribed 1.4 times, with the government getting bids for over 3.8 crore shares against 2.5 crore shares on offer. The … Read more
New High! During Friday’s trading session, the Sensex benchmark index gained around 72 points, concluding the day at 64,905. Remarkably, despite an overall market decline, six stocks within the BSE PSU index reached their highest prices in the last 52 weeks. Traders and investors widely acknowledge the significance of the 52-week high, considering it a … Read more
With Samvat 2079 drawing to a close, a glimpse into the journey of Dalal Street investors shows a year marked by major ups and downs, but India stood strong against the global mayhem and managed to give a Diwali dhamaka! The journey since last Diwali began with benchmark indices hitting lifetime highs in December 2022, … Read more
Defense sector stocks gained up to 7% on Tuesday led by state-run Mazagon Dock Shipbuilders which hit the day’s high of Rs 2,219.90 on the NSE following an order for constructing DWT Multi-Purpose Hybrid Power Vessels for an undisclosed amount from a European client. Cochin Shipyard, Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Bharat Dynamics, Bharat … Read more
In the last three years, India’s defence sector has gone through unprecedented changes due to the government’s ambition to become self-reliant in this space, particularly after the Ukraine-Russia war. As a result of this, not only have the companies catering to the sector seen an order book boom, but even their share prices. In FY23, … Read more
While there is a lot of hullabaloo around the incumbent government’s proposal to rechristen India as “Bharat”, the reaction is quite the opposite on Dalal Street. Not just today, but since the last 1-2 years, both foreign and domestic investors are increasingly betting on the domestic growth story and the potential that India holds to … Read more