Mumbai: HDFC Bank is expected to sharpen its digital play for both potential and existing relationships after the central bank eased all curbs on the lender, potentially shortening the rerating odds on the country’s most valued financier. The stock, India’s third-biggest, surged on Monday. The bank is now expected to gain market share across most … Read more
Mumbai: Shares of parent One97 Communications plunged as much as 19% on Monday, adding to its 27% decline on debut on Thursday as retail investors who bet on a listing gain continued to dump the stock while domestic institutional investors stayed away from the counter. The subdued listing and continuation of weak trading on Paytm … Read more
Mumbai: Paytm promoter One97 Communications’ ₹18,300-crore initial public offering is set to open for subscription on Monday. While analysts are divided about the stock‘s longer-term prospects, some of them recommend subscribing to the IPO only for listing gains. The IPO comprises fresh issuance of shares worth ₹8,300 crore and an offer for sale of ₹10,000 … Read more
From the meltdown of March 2020, when the country went into lockdown to contain the Covid outbreak, the Indian stock market has rallied like no other. The NSE Nifty and BSE Sensex have gained 134% and 131%, respectively, since March 23 last year. Among the major world indices, the Nasdaq is next with a rise … Read more
A well-stocked kitchen is essential for a healthy heart. But you don’t need to run out and buy expensive gadgets and gourmet food to eat in a heart-healthy way. The best way to achieve hassle-free meal prep is to ensure you’ve got a fridge and pantry filled with simple, healthy staples. This way, you can … Read more
Investec raised target price to Rs 1,785 from Rs 1,640. Synopsis Morgan Stanley retained overweight and raised target price to Rs 1,816 from Rs 1,721 saying that valuations remain compelling and the company has delivered well in a tough financial year. IIFL also said the stock trades inexpensively, and retained the buy rating with a … Read more
It’s rare that a herd of retail traders push back the stronger hedge funds. Synopsis In September 2020, activist investor and founder of online pet food portal Chewy, Ryan Cohen bought 13% in the company. The GameStop incident has caught the attention of markets, regulators and governments worldwide. It has been a classic financial power … Read more
MUMBAI: Shares of Cairn India Ltd on Friday climbed over 5 per cent to hit a record high of Rs 358 on the BSE amid reports that Vedanta Resources is in talks to buy a majority stake in the subsidiary of UK-based Cairn Energy. The scrip, which was flat for most of the session, shot … Read more
LONDON/MUMBAI: Shares of NRI billionaire Anil Agarwal-led Vedanta Resources on Friday plunged 5.59 per cent on the London Stock Exchange amid talk that it may acquire a majority stake in the Indian arm of Cairn Energy. In the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on … Read more
In the past two days, the scrip recorded a gain of over 9 per cent on the BSE, making its investors richer by a whopping Rs 15,000 crore. Source link