Auto components manufacturers Schaeffler India, Timken India and SKF India have been upgraded to ‘Add’ from an earlier ‘Sell’ rating by Kotak Institutional Equities, which sees good entry points in these midcap stocks following a 17-22% correction over the past 6 months. While Schaeffler has fallen by 17%, Timken and SKF’s declines stand at 20% … Read more
Gala Precision Engineering has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds via the initial public offering (IPO) route. The Mumbai-based precision component manufacturer of technical springs will launch its public offer which will be a mix of issue of fresh equity shares and … Read more
Mumbai: Tube Investment, ABB India, Varun Beverages, , and are among the stocks likely to enter the MSCI India Standard index as part of the gauge’s November 2022 semi-annual review, IIFL Securities said. Global index services provider MSCI will announce the changes to its Indian indices on November 10, while the adjustments will take place … Read more
NEW DELHI: Since the last Dussehra on October 15, 2021, at least 44 smallcaps have given multibagger returns to investors even as the Sensex eroded over 6% during the period amid worries related to the macroeconomic environment and rising interest rates. ITeS stock , which has a market cap of less than Rs 1,400 crore, … Read more
NEW DELHI: With Tuesday’s intraday gain, the BSE Sensex has climbed over 9,100 points from June low, outshining regional global peers by a good margin. The Dalal Street gains, Rs 50 lakh crore in market value terms, have largely been led by hopes that the domestic economy may stay on a strong footing even as … Read more
In the BSE500 Index, more than 310 stocks settled in green, whereas 190 stocks settled in red during the week. 17 stocks surged in double digits during the week, following the corporate actions buzz and upbeat Q1 earnings. Source link
NEW DELHI: Most analysts are turning bullish on auto stocks as Q1 volumes recover across segments and supply side issues seem to be easing, with an improvement in the supply of semiconductors. Led by rallies in , MRF, Mahindra & Mahindra, Hero Moto and , the Nifty Auto index is up over 8 per cent … Read more
Five top performing midcap funds have delivered up to 21 per cent returns in the last one year in comparison with a 3 per cent drop in the BSE Midcap index. These mutual fund schemes have their top holdings from different sectors, yet they managed to perform well, suggesting bottom-up investing working for the schemes. … Read more