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    1. Business News
    2. Authors
    3. dev sethia

    Dev Sethia

    Nifty today eds near 21,000
    Markets ends higher; Nifty closes near 21,000 top gainers on December 11 include UltraTech Cement, UPL, Adani Enterprises whereas Media and Metal stocks among key losers

    Profit booking was evident at higher levels as traders anticipated clues from tomorrow’s significant data releases on inflation from the…

    By Dev Sethia
    December 11, 2023 15:54 IST
    SIPs continue to grow, Jefferies says signs of lumpsum flows moderating shows investors maturity
    SIPs continue to grow, Jefferies says signs of lumpsum flows moderating shows investors maturity

    According to the report, SIPs continued their upward trajectory with a notable 28% year-on-year growth and a steady 1% month-on-month…

    By Dev Sethia
    Updated: December 11, 2023 14:42 IST
    GMR Airports Infrastructure jumps over 3% after 4.7% stake acquisition by GQG Partners.
    GMR Airports Infrastructure jumps over 3% ; after GQG Partners acquires 4.7% stake

    Nomura India Investment Fund Mother Fund also joined the investment trend by purchasing 6.25 crore equity shares.

    By Dev Sethia
    Updated: December 11, 2023 11:58 IST
    Coforge, Coforge Q3 results, quarter results, profit, revenue, EBITDA, order book, attrition rate
    Jefferies maintains ‘Buy’ rating for Coforge, sees 14% upside amidst uncertain sector outlook

    In the recent report, Jefferies highlighted challenging macroeconomic conditions and furloughs lasting longer than usual in the third quarter due…

    By Dev Sethia
    December 11, 2023 11:43 IST
    ipo
    Key IPOs to watch this week: 2 Mainboard and 4 SME IPOs to raise over Rs 2,500 crores from D-Street this week

    There were 21 IPOs, a remarkable contrast to just four IPOs in the same period of the previous year Q3FY22,…

    By Dev Sethia
    December 11, 2023 09:28 IST
    Tata Power surges to new highs, becomes the sixth Tata Group company to surpass the Rs 1 lakh crore market cap
    Tata Power surges to new highs, becomes the sixth Tata Group company to surpass the Rs 1 lakh crore market cap

    Tata Power’s shares opened strong on the NSE on Thursday’s day at Rs 295 per share and soared to a…

    By Dev Sethia
    December 8, 2023 12:12 IST
    Jefferies has issued a 'hold' recommendation on Shree Cement, accompanied by a 7% reduction in the target price to Rs 25,750.
    Jefferies issues ‘Hold’ on Shree Cement, reduces target by 7% amidst market dynamics

    According to Jefferies’ analysis, Shree Cement’s current market position is driven by a combination of efforts to enhance energy efficiency,…

    By Dev Sethia
    December 8, 2023 10:54 IST
    The market took a breather, the investors are in a wait-and-watch mode ahead of the monetary policy announcement
    Markets takes a break after three days rally; Nifty closes near 20,900 top gainers on December 7 include Adani Ports, Power Grid, Ultra Tech Cement whereas Consumer Durables and Media stocks among key losers

    The market took a breather, the investors are in a wait-and-watch mode ahead of the monetary policy announcement.

    By Dev Sethia
    December 7, 2023 15:52 IST
    IRCON shares plunge 8% as government announces stake sale through OFS, sets the floor price at Rs 154
    IRCON shares plunge 8% as government announces stake sale through OFS, sets the floor price at Rs 154

    The government holds a 73.18% stake in IRCON International. The envisaged 8% stake sale is expected to generate approximately ₹1,159…

    By Dev Sethia
    December 7, 2023 15:09 IST
    The report further highlights the management's acknowledgment of a slight push in the cost of funds (CoF) due to changes in risk weight norms
    Jefferies recommends ‘Buy’ call on SBI cards with a target of Rs 1,020 amidst management’s positive outlook

    The report further highlights the management’s acknowledgment of a slight push in the cost of funds (CoF) due to changes…

    By Dev Sethia
    December 7, 2023 14:10 IST
    The phenomenon of outperformance initially observed in bank stocks
    REC, PFC, HAL, SBI, RVNL, IRCON and more PSUs cross Rs 50 lakh crore market cap in total

    The phenomenon of outperformance initially observed in bank stocks has now extended across diverse sectors, including railway infrastructure, defense, power,…

    By Dev Sethia
    Updated: December 7, 2023 13:47 IST
    Paytm Share Price Today: Paytm shares plunge 20%; Brokerages raise concerns over decision to slow the postpaid loans
    Paytm shares plunge 20%; Brokerages raise concerns over decision to slow the postpaid loans

    Paytm revealed during its analyst meet that it anticipates a reduction in postpaid loans by half, emphasizing that this adjustment…

    By Dev Sethia
    Updated: December 7, 2023 11:43 IST
    Adani Group continued their bullish trend for the fourth consecutive day, propelling the conglomerate's combined market capitalization to ₹14.8 lakh crore
    Adani group stocks surge as market cap hits Rs 14.8 lakh crore

    Adani Group stocks experienced their best day since a Supreme Court bench, led by Chief Justice of India DY Chandrachud,…

    By Dev Sethia
    Updated: December 7, 2023 10:38 IST
    IT, driven by reduced US recession risks and in anticipation of robust summer demand, fuels the momentum in the power sector
    Markets continous the rally for third day; Nifty closes above 20,900 top gainers on December 6 include LTI Mindtree, ITC gained whereas Healthcare and Realty stocks among key losers

    Post-state elections, market optimism thrives, confirming policy continuity and meeting investor expectations. A robust FII reversal is fuelled by receding…

    By Dev Sethia
    December 6, 2023 16:51 IST
    Ambuja Cements, Adani Group, capital infusion, warrant subscription, shareholding, capacity addition
    Jefferies maintains ‘Buy’ rating on Ambuja Cements, sets target at Rs 540 amid expansion plans

    In a report on Ambuja Cements, Jefferies highlighted the recent completion of the Sanghi Industries acquisition. The acquisition, valued at…

    By Dev Sethia
    December 6, 2023 12:29 IST
    Reliance Industries continues to be on Jefferies 'Buy' list with price target of Rs 2,990; upcoming renewable ventures key positive
    Reliance Industries continues to be on Jefferies ‘Buy’ list with price target of Rs 2,990; upcoming renewable ventures key positive

    Jefferies acknowledges the challenges faced by the global renewable equipment sector due to Chinese overcapacity, which has impacted profitability.

    By Dev Sethia
    December 6, 2023 12:01 IST
    Arka Fincap, a subsidiary of the Kirloskar group, revealed its plans to launch a public issue of non-convertible debentures (NCDs) worth Rs 300 crore
    Arka Fincap aims to raise Rs 300 crore from non-convertible debentures, Starting from December 7

    Investors can anticipate an attractive effective yield, varying from 9% to 10% per annum. CRISIL has assigned a credit rating…

    By Dev Sethia
    December 6, 2023 09:43 IST
    Over 19 trading sessions, it surged by 1,011 points, surpassing the psychological threshold of 20,000.
    Nifty 50 surges 5.52% in November, hits record highs marking best monthly performance since July 2022

    Over 19 trading sessions, it surged by 1,011 points, surpassing the psychological threshold of 20,000.

    By Dev Sethia
    December 6, 2023 08:57 IST
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