MFs cut holdings in 14 PSU stocks in February; seven of them see double-digit fall

MFs cut holdings in 14 PSU stocks in February; seven of them see double-digit fall

Are good days for public sector stocks nearing an end? It may not be the case for the entire pack but some of the stocks not only saw a double-digit correction but also a reduction in mutual fund holdings. Mutual funds reduced exposure in 14 public sector stocks in February, of which, seven of them … Read more

5 railway stocks jump up to 7% ahead of Union Budget 2024

5 railway stocks jump up to 7% ahead of Union Budget 2024

After falling 7-14% in Tuesday’s trade, shares of Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam (RVNL), Ircon International, Indian Railway Catering & Tourism Corporation (IRCTC), and RailTel Corporation of India surged in Wednesday’s trade between 3-7% ahead of the Union Budget 2024.According to the analysts, the sharp rally in the railway pack was attributed … Read more

These 5 sectors rocked on Dalal Street last week; will the bull run sustain?

These 5 sectors rocked on Dalal Street last week; will the bull run sustain?

The week that went by saw bulls having an early Christmas party on Dalal Street, as benchmarks Nifty50 and Sensex clocked their best weekly gains since mid-November. The Sensex rallied more than 1,600 points or 2.4% last week and ended at a record closing high of 71483.75 points on Friday. While the gains were broad-based … Read more

Q4 results this week: LIC, Shree Cements, Vodafone Idea, Sun Pharma, M&M, Nykaa and others

Q4 results this week: LIC, Shree Cements, Vodafone Idea, Sun Pharma, M&M, Nykaa and others

A bunch of widely tracked companies like M&M, LIC, Shree Cements, HUDCO, ONGC, BPCL, Ashok Leyland, Hindalco, Vodafone Idea, and Nykaa would be releasing their March quarter report cards this week. Here’s a list:May 22Shree Cements, Bharat Petroleum Corporation, Aditya Birla Fashion and Retail, SJVN, Capri Global Capital, Finolex Industries, CESC, Sun Pharma Advanced Research … Read more

60 smallcap stocks offer double-digit weekly returns in a resurgent market. What’s in store ahead?

60 smallcap stocks offer double-digit weekly returns in a resurgent market. What’s in store ahead?

As many as 60 smallcap stocks gave double-digit weekly returns in what was a buoyant week for equity markets. Rail Vikas Nigam Ltd (RVNL) topped the charts in the smallcap pack, with 38% returns. Three stocks — Gujarat State Fertilizers and Chemicals, Indiabulls Real Estate and SVP Global Textiles — delivered over 25% returns during … Read more

IRFC raises Rs 1,390 crore from 31 anchor investors ahead of IPO

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MUMBAI: Indian Railway Finance Corporation (IRFC) has raised Rs 1,390 crore from 31 anchor investors ahead of its proposed initial public offer (IPO). About 53.46 crore equity shares were allotted to anchor investors on Friday at an upper price band of Rs 26 per share. For the first time, the state owned company has made … Read more

IRFC to launch Rs 4,600 crore IPO this month

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MUMBAI: Indian Railway Finance Corporation (IRFC) is likely to launch its initial public offering (IPO) by the end of this month to raise about Rs 4,600 crore, according to bankers. For the first time, the state owned company has made provisions for allotment to anchor investors – this will help garner much more value for … Read more