Amid positive global cues, Indian equities recorded a fresh lifetime high intraday on Thursday, with Sensex hitting 66,000 levels for the first time. Nonetheless, selling in blue chips led the indices to pare intraday gains with Nifty ending at 19,414 points, while Sensex settled at 65,559, adding 0.25%. Meanwhile, broader markets underperformed the headline indices. … Read more
After the underperformance during the January-March quarter, benchmark Nifty50 delivered gains over April and May. The index is now set to surpass the lifetime high of 18,887.60 it scaled in December last year. While Nifty50 will take an upward trajectory, midcap stocks are likely to see stronger momentum. “We expect broader markets to accelerate upward … Read more
Ace investor Vijay Kedia has increased stake in Affordable Robotic and Automation, a microcap stock that has doubled investors wealth in the last six months. According to the latest shareholding pattern available with the exchanges, Vijay Kedia and his firm Kedia Securities hold a combined stake of 13.30% as of March 2023. The holding was … Read more
NEW DELHI: Mumbai’s star investor Vijay Kedia has picked up another 7.05% stake in smallcap Atul Auto by converting warrants into equity shares. According to disclosures made to stock exchanges, Kedia acquired 16,83,502 shares of the company on March 15. Before the acquisition, he held a 1.5% stake and his total shareholding in the auto … Read more
Domestic markets snapped an 8-day winning streak to close in the red on Friday. The S&P BSE Sensex fell more than 400 points while the Nifty50 closed below 18,700 levels. Sectorally, buying was seen in realty, telecom, and metal stocks while selling was recorded in power, auto, utilities and FMCG stocks. Stocks that were in … Read more
Tejas Networks, telecom and equipment space, which rallied more than 30 per cent in August 2022 to hit a fresh 52-week high of Rs 648 on August 30 recorded a range breakout on weekly charts which suggests bulls are here to stay. The smallcap stock rose from Rs 469 recorded on July 29 to Rs … Read more