Four of the top 10 valued firms added Rs 1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities. On the other hand, six companies from the top 10 pack took a Rs … Read more
Shares of Maruti Suzuki India (MSIL) jumped 4% on Wednesday to hit a fresh 52-week high of Rs 12,722.70 on the NSE. The company also entered the coveted club of stocks with a market capitalisation of Rs 4 lakh crore. Currently, there are 13 other stocks with a market capitalisation of Rs 4 lakh crore … Read more
The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities. Last week, the BSE benchmark climbed 188.51 points or 0.25 per cent. The market valuation of TCS tanked … Read more
Block trades in India are close to capping their best quarter in 14 years as the country’s booming stock market encourages shareholders to monetize stakes. Shareholders have raised $7.1 billion selling their holdings in India so far this year, with the quarter on track to have raised the most from block trades since the January … Read more
Here’s a list of companies where promoters have offloaded stakes in the past month. (Source: ET NOW) Source link
The Sword of Damocles hanging over the head of ITC shareholders has finally fallen down but no one is hurt. The key event of London’s British American Tobacco (BAT) stake sale, which was initially perceived to be a key supply hangover for ITC, ended up pushing the Nifty stock 8.6% higher leading to a windfall … Read more
Brokerage firm CLSA has a buy rating on ITC, Nomura recommended a buy call on Bajaj Finance, CLSA maintained a sell rating on Jubilant FoodWorks and Macquarie has a neutral rating on Godrej Consumer. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on NBFCs: Bajaj Finance, … Read more
Power Grid Corporation of India. Share Price 287.90 03:59 PM | 20 Feb 2024 11.55(4.18%) HDFC Bank. Share Price 1454.30 04:00 PM | 20 Feb 2024 37.21(2.63%) Axis Bank. Share Price 1088.60 03:59 PM | 20 Feb 2024 25.65(2.42%) NTPC. Share Price 345.70 03:59 PM | 20 Feb 2024 6.95(2.06%) Kotak Mahindra Bank. Share Price … Read more
Private largecap bank stocks like HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank, which together form around 60% of Bank Nifty, saw Long buildup or shorts being covered on a week-on-week basis, says Anand James, Chief Market Strategist, Geojit Financial Services. “Delivery buying has started to pick up this week in the case of … Read more
Sanjiv Puri, CMD, ITC, says the Indian economy and even rural India has been very resilient. The infrastructure that has been created, the connectivity, focus on housing and digitisation, the direct benefit transfer and stuff like free food grain distribution are some of the very important steps taken in terms of the investment in the … Read more