Small and midcap stocks rally up to 44% in one week amid existing market weakness

Small and midcap stocks rally up to 44% in one week amid existing market weakness

Amid an overall weak market sentiment, individual small and midcap stocks enjoyed their northward rally with shares of WPIL Ltd surging by as high as 44.16% in just one week. Shares of Prudent Corporate Advisory Services rallied 40% to close the week at Rs 3,577.65 on the BSE. The stock had gained 14.75% in the … Read more

Q4 results this week: Adani group to lead as 211 companies will declare earnings

Q4 results this week: Adani group to lead as 211 companies will declare earnings

With the fourth quarter earnings underway, as many as 211 companies will announce their quarterly results this week with some major names in the mix. Investors will be particularly watching out for some major earnings of Kotak Mahindra Bank, DMart, Ultratech Cement, Indian Oil, Adani Energy, Adani Power, Ambuja Cements, Adani Wilmar, Adani Enterprises, Coal … Read more

Ahead of Market: 10 things that will decide D-Street action on Friday

Ahead of Market: 10 things that will decide D-Street action on Friday

Benchmark Sensex tanked 542 points to settle at a four-week low while Nifty closed below the 19,400 mark, extending their losses for a third straight day on Thursday in tandem with a bearish trend in global markets following the US rating downgrade. Here’s how analysts read the market pulse: “Global markets are still grappling with … Read more

2 top stock recommendations from Rahul Sharma

2 top stock recommendations from Rahul Sharma

“But I think technically speaking, as long as we are above 18600, Nifty should be fine. Dips should get bought into and what we also have to see is globally markets are also fine,” says Rahul Sharma, JM Financial Services.It is a growth oriented policy, yes. They brought down inflation expectation just a bit but … Read more

Poonawalla Fincorp trumps Federal Bank in market valuation

Poonawalla Fincorp trumps Federal Bank in market valuation

Mumbai: Poonawalla Fincorp‘s market capitalisation ended above that of private lender Federal Bank after the shares of Pune-based non-bank lender advanced for the third day on Wednesday. Adar Poonawalla-led Poonawalla Fincorp closed at ₹348.15 apiece on the BSE on Wednesday, up 0.61% from the previous close. Shares of Kochi-based Federal Bank closed at ₹123.85, down … Read more

We don’t expect any negative surprises from large cap IT companies: Hemang Jani

We don’t expect any negative surprises from large cap IT companies: Hemang Jani

“We think that now we are entering into earnings season with this business update and particularly the banking sector should do well, both PSU and private banks,” says Hemang Jani, Equity Strategist & Senior Group VP, MOFSL. Well, a slew of Q4 updates have come in from the banking and the NBFC sector. Let us … Read more

Sweet ending to 2022: 264 smallcap stocks give double-digit weekly returns

Sweet ending to 2022: 264 smallcap stocks give double-digit weekly returns

Many stocks in the smallcap segment ended 2022 on a sweet note, with as much as 264 of them giving double-digit weekly returns. As much as 27 smallcap stocks rose 20-41% in the week gone by. These include names like (Tax breaks, jobs or plan to beat China: What will Budget 2023 offer? Click to … Read more

Poonawalla Fincorp to sell housing fin arm to TPG Global for Rs 3,900 crore

Poonawalla Fincorp to sell housing fin arm to TPG Global for Rs 3,900 crore

Poonawalla Fincorp on Wednesday said it has signed an agreement for the sale of its housing subsidiary Poonawalla Housing Finance to private equity firm TPG Global for Rs 3,900 crore. Value unlocking of the housing finance subsidiary was one of the objectives in the company’s Vision 2025 plan. The company received tremendous response with proposals … Read more

This Adar Poonawalla-backed NBFC becomes D-Street’s ‘darling’; can the tag last long?

This Adar Poonawalla-backed NBFC becomes D-Street’s ‘darling’; can the tag last long?

If one looks at the sectors that have given positive returns in 2022 so far, non-bank finance companies will find themselves in the list. But the one stock in this pack that has turned out to be the “darling” of Dalal Street is Ltd. Investor interest in the stock gained traction after billionaire Adar Poonawalla … Read more

Adar Poonawalla effect! Multibagger midcap stock rallies over 700% in 2 years

Adar Poonawalla effect! Multibagger midcap stock rallies over 700% in 2 years

The transformation of into has turned out to be magical for minority shareholders as the midcap NBFC stock has turned multibagger with over 700 per cent return in just two years. The non-stop rally in the stock began before ‘vaccine king’ Adar Poonawalla announced buying over 60 per cent stake in the company on Feb … Read more