Demat securities made must for big unlisted private companies

Demat securities made must for big unlisted private companies

Mumbai | New Delhi: India has ordered all large unlisted private companies, including unicorn startups, to dematerialise their shares, a move experts believe will help establish genuine beneficial ownership of high-growth stock and clamp down on shell companies that are often used to launder unlawful cash. “It is a matter of common knowledge that in … Read more

Bajaj Auto shares jump 5%, hit 52 week high on BofA’s commentary. Here’s why!

Bajaj Auto shares jump 5%, hit 52 week high on BofA’s commentary. Here’s why!

Shares of Bajaj Auto jumped over 5% to hit a 52 week high of Rs 5,395 on the NSE on Thursday as the Street cheered BofA’s post earnings commentary on the stock and its upward revision of the price target. The domestic brokerages have kept a mixed view on the two-wheeler stock. In the domestic … Read more

Rising bromine prices bring Archean back on Street radar

Rising bromine prices bring Archean back on Street radar

The company would be using one-third of the total capacity of bromine for captive consumption to produce bromine derivatives, which not only fetch better prices but are also not hazardous to transport. Synopsis Archean is a marine-based speciality chemical maker that produces natural bromine from its brine reservoir at Rann of Kutch in Gujarat. It … Read more

All eyes on Chandrayaan-3: These 5 D-Street stocks have been part of India’s space odyssey – Eye on Moon

All eyes on Chandrayaan-3: These 5 D-Street stocks have been part of India’s space odyssey – Eye on Moon

Hindalco Industries Share Price 463.00 02:59 PM | 23 Aug 2023 12.40(2.75%) Axis Bank Share Price 979.75 02:59 PM | 23 Aug 2023 22.70(2.37%) ICICI Bank Share Price 966.95 02:59 PM | 23 Aug 2023 14.95(1.57%) State Bank of India Share Price 577.00 02:59 PM | 23 Aug 2023 8.50(1.50%) Larsen & Toubro Share Price … Read more

Euphoria ebbing? Number of smallcap stock gainers plunge 27% week-on-week

Euphoria ebbing? Number of smallcap stock gainers plunge 27% week-on-week

While the benchmarks Sensex and Nifty 50 clocked losses for the fourth straight week, the broader market also lost some of its momentum as was visible in the stock performance. In the week gone by, 55 smallcap stocks gave double-digit positive weekly returns, as compared to 75 stocks a week ago. In the BSE 500 … Read more

Better to be a trader in ITC than an investor now: Experts

Better to be a trader in ITC than an investor now: Experts

Mumbai: Investors of ITC should brace themselves for moderate returns here on, as the scorching pace of the rally in the share price in recent months has made the risk-reward unfavourable for now, according to experts. The cigarette-to-consumer goods maker was the best performer on benchmark indices over the last year, logging in gains of … Read more

Police seize cough syrup stock worth ₹2.69 lakh stored illegally in Thane

Police seize cough syrup stock worth ₹2.69 lakh stored illegally in Thane

Representational file image. | Photo Credit: PTI The police’s anti-narcotics cell (ANC) has seized a stock of cough syrups worth ₹2.69 lakh stored illegally in a house in Maharashtra’s Thane district, police said on August 14. Based on complaints and a tip-off, the ANC raided a flat in Shil Phata area here on August 10 … Read more

Cipla surges 10% with rise in price targets

Cipla surges 10% with rise in price targets

Mumbai: Shares of drugmaker Cipla surged nearly 10% on Thursday as analysts raised their price targets on the stock after better-than-expected first quarter results. These analysts have increased their price targets by 2-35%, according to data compiled by Bloomberg. The average price target of the 28 analysts, whose ratings and price targets that have been … Read more

Multibagger tracker! This BSE500 stock turned Rs 10,000 to nearly Rs 4 lakh in just 10 years

Multibagger tracker! This BSE500 stock turned Rs 10,000 to nearly Rs 4 lakh in just 10 years

Shares of Trident Ltd have returned as much as nearly 3,600% in the past ten years. Accordingly, if an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have turned to nearly 4 lakh, according to an analysis by ET Markets. In the last five years, the … Read more