NFO alert: ICICI Prudential Rural Opportunities Fund floated; check details

NFO alert: ICICI Prudential Rural Opportunities Fund floated; check details

ICICI Prudential Mutual Fund introduced the ICICI Prudential Rural Opportunities Fund, an open-ended equity scheme focusing on Rural and allied themes. The fund will be available for investment from January 9, 2025, to January 25, 2025. It aims to primarily invest in sectors that support and thrive on the growth of rural India. The scheme’s … Read more

Indian Overseas Bank shares rally 5% on receiving Rs 1,359-crore income tax refund order

Indian Overseas Bank shares rally 5% on receiving Rs 1,359-crore income tax refund order

State-owned Indian Overseas Bank (IOB) shares climbed as much as 4.7% on Wednesday to Rs 59.50 on BSE after the bank said it has received an order confirming a refund of Rs 1,359.29 crore for the assessment year 2015-16, including interest under Section 244A. “As per the order dated 17.08.2024, the amount refundable to the … Read more

Morgan Stanley buys shares worth Rs 3.74 crore in this smallcap stock via block deal

Morgan Stanley buys shares worth Rs 3.74 crore in this smallcap stock via block deal

Morgan Stanley bought over 6.7 lakh shares in Niyogin Fintech at a total cost of Rs 3.74 crore via a block deal on Tuesday. The stock was purchased at a price of Rs 55.65 apiece, up 2.8% against the Monday closing price of Rs 54.14 on the BSE. The seller in the deal was Think … Read more

Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle

Mcap of 8 of top-10 most-valued domestic firms jumps Rs 1.55 lakh cr; HDFC Bank, TCS sparkle

Eight of the top-10 most valued domestic firms together added Rs 1,55,603.45 crore in market valuation last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, in tandem with firm trend in equities. Last week, the BSE benchmark zoomed 1,536.8 points, or 1.98 per cent, and the Nifty climbed 374.55 points, … Read more

Mcap of 4 of top-10 most valued firms jumps Rs 81,151 cr last week; ICICI, HDFC Bank biggest gainers

Mcap of 4 of top-10 most valued firms jumps Rs 81,151 cr last week; ICICI, HDFC Bank biggest gainers

Four of the top-10 most-valued firms together added Rs 81,151.31 crore in market valuation last week, with ICICI Bank and HDFC Bank emerging as the biggest gainers. Last week, the BSE benchmark declined 156.61 points, or 0.19 per cent. While HDFC Bank, Bharti Airtel, ICICI Bank, and the State Bank of India were the gainers, … Read more

GR Infraprojects shares jump nearly 6% after securing Rs 903.5 crore contract from Maharashtra Metro Rail Corp

GR Infraprojects shares jump nearly 6% after securing Rs 903.5 crore contract from Maharashtra Metro Rail Corp

Shares of GR Infraprojects surged 5.8% to their day’s high of Rs 1,730 on the BSE after the company announced securing a Rs 903.5 crore contract from Maharashtra Metro Rail Corporation for the design and construction of an elevated metro viaduct in Nagpur. “We are pleased to inform you that our company has received a … Read more

Jyoti Structures shares surge 10% after big shark Ashish Kacholia buys 2.52% stake

Jyoti Structures shares surge 10% after big shark Ashish Kacholia buys 2.52% stake

Shares of Jyoti Structures surged 10% to a day’s high of Rs 29.3 in Tuesday’s trade on the BSE after ace investor Ashish Kacholia acquired a 2.52% stake in the small-cap firm. Meanwhile, by 10:13 am, the stock was trading 7.7% higher at Rs 28.8. Jyoti Structures’ shares have also risen by 91% over the … Read more

Ashish Kacholia buys fresh stake in this smallcap company, stock up 5%

Ashish Kacholia buys fresh stake in this smallcap company, stock up 5%

Ace investor Ashish Kacholia has bought a 2.52% stake in the smallcap stock Jyoti Structures, according to the shareholding pattern for quarter ended June 2024, following which the stock closed 4.8% higher at Rs 26.75 on BSE. According to the data available on BSE, Ashish Kacholia holds nearly 2.2 crore shares in the company. For … Read more

Can private bank stocks lead from the front now?

Can private bank stocks lead from the front now?

On June 19, 2024, the Bank Nifty reached a new high of 51,957. This milestone could be just the beginning, with potential for further acceleration and growth. It’s a known fact that due to improved operational efficiencies, the implementation of the Insolvency and Bankruptcy Code and cautious lending practices by PSU banks have significantly enhanced … Read more