Bank, part of the private sector banking space, has fallen over 30 per cent from its October 2021 highs firmly placing the stock in a bear grip and chart patterns suggest that the pressure is likely to continue. The stock with a market capitalisation of more than Rs 63,000 crore hit a 52-week high of … Read more
ITC, part of diversified FMCG space, rose 25 per cent in about 6 months compared to over 9 per cent fall seen in the Nifty50, and the momentum is likely to continue in the near-term, suggest experts. The S&P BSE Sensex stock hit a 52-week high of Rs 282 on 20 May 2022 but failed … Read more
Realty, part of the residential-commercial project industry, has rallied over 170 per cent in a year compared to a 9 per cent gain seen in the Nifty Realty index in the same period. Experts suggest the momentum is still not over yet. The real estate company bounced back after hitting a low of Rs 42.25 … Read more
might be down by about 30 per cent from its September 2021 highs, but the stock is showing early signs of trend reversal which augurs well for the bulls. The stock with a market capitalisation of more than Rs 56,000 crore hit a 52-week high of Rs 1,674 on 22 September 2021, but it failed … Read more
One of the top worries of investors hunting for the right smallcap stock for their portfolio is to figure out which promoter to back, as sufficient information about them might not be available in the public domain. Top fund manager Saurabh Mukherjea, who believes that taking a call on a smallcap company is akin to … Read more
Elecon Engineering, part of the S&P BSE Smallcap index, rose a little over 100 per cent in a year compared with a 5 per cent rise seen in the Nifty50 index in the same period. The momentum in the stock is still intact which could take it towards Rs 300-375 level in the next 6 … Read more
US hospital and health insurance giant Kaiser Permanente is joining forces with UAE’s Mubadala and B Capital, the investment firm launched by Facebook co-founder Eduardo Saverin and Raj Ganguly, formerly of Bain Capital, to invest $150 million in Innovaccer, said people in the know. The Series E funding round will nearly treble the valuation of … Read more
A wave of young investors from non-metro cities are increasingly trading in stocks and buying cryptocurrency online, industry executives told ET, a development that coincided with the Covid-19 outbreak and subsequent national lockdown last year. Crypto-selling platforms and wealth management players have attracted these first-time investors on the back of increased awareness about financial products, … Read more
Mutual funds’ enthusiastic participation in last week’s Zomato IPO has raised many eyebrows. The anchor book portion of the public issue saw subscription from 19 mutual fund companies across 74 schemes with varying mandates. Questions are being raised about the clamour to buy shares of a business which is yet to make profits but commands … Read more