NEW DELHI: Notwithstanding the recent pullback rally, both the US market and the broader market in India remain in firm bear grip. Nifty is, however, faring a tad better as the headline index is still around 1,000 points away from entering the much-feared bear zone. With central banks hiking interest rates globally, the worries around … Read more
After frustrating investors on Dalal Street over the last couple of years, shares of FMCG conglomerate have seen a 21 per cent rally in 2022 so far, especially at the time when benchmark indices have seen sharp drawdowns amid fears of Fed rate hikes and heavy FII outflows. Analysts on D-Street have turned bullish on … Read more
Elecon Engineering, part of the S&P BSE Smallcap index, rose a little over 100 per cent in a year compared with a 5 per cent rise seen in the Nifty50 index in the same period. The momentum in the stock is still intact which could take it towards Rs 300-375 level in the next 6 … Read more
Mahindra & Mahindra, a passenger car and utility vehicle maker, rose more than 30 per cent in the last 3 months compared to 0.5 per cent upside seen in the Nifty50 in the same period, and the rally may not be over yet. The automaker has been on buyers’ radar so far in 2022 pushing … Read more
New Delhi: The Rs 808 crore initial public offering (IPO) of Aether Industries sailed through on the last and final day of the bidding process, thanks to solid demand from institutional investors. The issue had kicked off for bidding for investors on Tuesday, May 24. The company is selling its shares in the range of … Read more
NEW DELHI: Speciality chemical maker Aether Industries launched its initial public offer (IPO) on Tuesday for public bidding. Most analysts are upbeat on the company’s prospects and advise to subscribe to the issue. Overall, the company plans to raise little more than Rs 808 crore through the primary route. However, the size of the fresh … Read more