Brokerage firms such as Morgan Stanley maintained an underweight rating on Amara Raja, Macquarie has an underperform tag on United Spirits, HSBC has a buy call on Dixon Technologies, while Jefferies has a buy rating on Grasim. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley … Read more
Shares of Stanley Lifestyles had a strong debut on Dalal Street on Friday, listing at Rs 499 per share on the Bombay Stock Exchange, marking a 35.23% premium over its issue price of Rs 369. On the National Stock Exchange, the stock was listed at Rs 494.95, reflecting a 34.13% premium. Despite the strong listing, … Read more
Mumbai: Promoters of more than 200 companies have cumulatively sold stock worth more than ₹33,000 crore in the past two months, suggesting that valuations have become attractive enough for owners to book returns on part of the equity they hold. As the question of stretched valuations continues to swirl through Dalal Street, promoters seem to … Read more
Afghanistan seamer Naveen ul Haq posted a cryptic post on his Instagram account after match-winning spell against Australia in the Super 8 clash of the T20 World Cup 2024 on Sunday, June 23. Notably, the right-arm seamer bowled a sensational spell of 3/20 in four overs as he got the big wickets of Travis Head … Read more
Despite Indian benchmark indices Nifty50 and Sensex gaining over 4% in June, Foreign Portfolio Investors (FPIs) have remained unenthusiastic, offloading Indian equities worth Rs 3,064 crore so far this month. In 2024 year-to-date, FPIs have sold stocks worth Rs 26,428 crore. This trend continued from May and April, when FPIs sold shares worth Rs 34,257 … Read more
The initial public offer (IPO) of Magenta Lifecare was subscribed over 300 times so far on the third day of the bidding process. The issue closes today. The strong demand was led by retail investors, whose category was booked over 400 times, followed by NII investors, whose portion received a subscription of over 300 times. … Read more
Shares of Campus Activewear on Wednesday rallied 13% after the company reported a 42.6% YoY increase in its PAT for the fourth quarter of the financial year 2024. The company also posted a 4.6% YoY increase in revenue at Rs 363.9 crore while the EBITDA rose by 16% at Rs 66.4 crore vs Rs 57.1 … Read more
Mumbai: Edgy over Shapoorji Pallonji (SP) Group’s plans to roll over pledged Tata Sons shares to refinance over $2 billion debt, Tata Trusts has, for the first time, officially said these are non-transferable. The Trusts, which holds a controlling 66% in group holding company Tata Sons, is worried about possible litigation with lenders over enforcing … Read more
Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose nearly 3% in Friday’s trade on BSE to its new 52-week high of Rs 4,520 after the company’s PAT more than doubled to Rs 1,895 crore in Q4. Revenue from operations increased 26% year-on-year (YoY) to Rs 17,825 crore in the reporting quarter while the airline’s … Read more
Shares of Zee Entertainment Enterprises rose nearly 3% to Rs 144.4 in Tuesday’s trade on BSE after the firm reported a profit of Rs 13 crore in the March quarter of FY24, after reporting a loss of Rs 196 crore in the year-ago period. Moreover, the company’s shares closed over 4% higher in a special … Read more