Markets
Rossari Biotech’s Rs 500 crore IPO opens today: Price band, lot size, and what do analysts say
After a long pause, the initial public offering (IPO) market is set to witness some action this week with Rossari Biotech launching its IPO today.
Prism Johnson rating ‘add’ – sale of subsidiary to help the balance sheet
Cement business showed better results in Q1; -18/9% change in FY21/22e Ebitda; TP up to Rs 52; ‘Add’ retained.
Nifty declines 2.2% dragged by falling banking stocks over fraud label on DHFL
On Friday, the banking stocks put up a weak performance after being the best performers for the first four trading sessions of the week.
Analyst Corner: Edelweiss maintains ‘buy’ rating on TCS with target price of Rs 2,310
This, we believe, will trigger structural jump in demand going forward. We maintain a ‘buy’ rating with a target price of Rs 2,310.
FPIs continue to remain net sellers of Indian debt
Except February, all other months in the first half of calendar year 2020 have witnessed net FPI outflows from the debt market.
Equity inflows hit: Mutual funds see more pain in coming months
With markets having jumped a sharp 41% from their March lows, mutual fund investors have rushed to redeem their investments in equity mutual funds while new SIP account additions moderated.
Zomato FY20 revenue jumps over two-fold to Rs 2,960 crore
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) loss in the last financial year stood at around Rs 2,200 crore, Zomato said in its performance report.
Ircon International’s consolidated net profit rises 16 per cent to Rs 115 crore in March quarter
The company had clocked a consolidated net profit of Rs 99.71 crore in the corresponding period a year ago, it said in a regulatory filing to the BSE.
India’s fuel demand continues to recover in June, up 11 per cent over May
Diesel consumption stood at 6.3 million tonnes in June, 14.5 per cent higher than May, but 15.4 per cent lower than the demand witnessed in June 2019.
Sensex, Nifty end the week in red; top factors that steered the stock market today
Domestic benchmark indices ended the last trading session of the week down in the red following weak global cues. S&P BSE Sensex slipped 143 points or 0.39%, while the Nifty 50 ended at 10,768 mark.
RIL share price hits new 52-week high second time in a week; rallies 117% since March; time to buy?
Reliance Industries continues to power ahead, striking deal after deal, to trade at lifetime highs. It has been a dream run both for Reliance and its shareholders
Yes Bank FPO floor price set at Rs 12 per share; minimum bid lot 1,000 shares; check details
Struggling private sector lender Yes Bank, looking to raise up to Rs 15,000 crore through a follow-on public offer (FPO), said that it has set a floor price of Rs 12 per share for the FPO.
Nifty Auto index zooms 60% since March, delayed recovery may halt rally; these stocks set to gain
India remains a growth market for auto sector over the medium term on low penetration and increasing aspiration levels.
NSE to accept gold bars produced by Indian refiners for settlement of gold futures contract
"The NSE Refiner Standards for BIS ? Standard Gold would enable the acceptance of gold bars produced by the domestic refiners in India, for settlement of the gold futures contracts traded on the NSE p
Investors take Rs 44,000 cr away from liquid funds; stamp duty rule change may force trend to continue
Liquid fund investors were seen taking money away in the month of June as corporations geared up to deal with working capital requirements at the end of the first quarter of this fiscal year.
Britannia Industries share price at 52-week high, rallies 78% since March; analysts see strong growth in Q1
Britannia Industries shares were trading in the positive territory with a growth of 1.38 per cent at Rs 3,725.70 apiece, as compared to a 0.58 per cent decline in the benchmark S&P BSE Sensex
Sensex, Nifty extend opening loses to dive down further; here’s what is moving Dalal Street today
Domestic benchmark indices opened in the red aided by weak global cues. S&P BSE Sensex dropped 124 points on the opening bell while the Nifty 50 was seen giving up the 10,800 mark.
PNB shares tank over 6%, as India’s second-largest public lender reports yet another loan fraud
Punjab National Bank (PNB) share price tanked 6.7% on Friday morning after the public sector lender informed that it is reporting another loan fraud to the Reserve Bank of India.
TCS share price volatile after weak Q1 results; soars 50% since March; should you buy or sell the stock?
Around 9.45 AM, TCS shares were trading flat with a positive at Rs 2,205.85 apiece, after touching day's high of Rs 2,222. TCS stock price has rallied nearly 48 per cent since March low of Rs 1,504.4
Stocks in focus: RIL, TCS, Tata Motors, Coal India, IRCTC, Punjab National Bank, DHFL, SAIL
The market would react to TCS results in early trade. The near term momentum seems positive, however, we would suggest traders should be stock specific
Analyst Corner: Maintain ‘buy’ on Escorts; revised FV at Rs 1,300
Tractor upcycle to continue in FY2022 as well. We expect the farm equipment segment to remain robust in the near term driven by a normal monsoon (high correlation of monsoons with tractor sales), stro
Analyst Corner: Retain ‘hold’ on NBCC; revised target price Rs 27
NBCC posted weak set of numbers in Q4FY20 (partly due to covid-19) with top line falling 17% YoY to Rs 26 bn; while EBITDA margin plunged 300bps YoY to 2%, PAT declined 42% YoY.
PNB joins long list of lenders raising capital; plans to raise Rs 10,000 cr via share sale, bonds
The bank took a decision to raise capital after the board meeting held on the combined balance sheet of the amalgamated bank.
Sensex, Nifty stare at weak opening on Friday; here’s what you need to know before the opening bell
SGX Nifty points at the weak start for Sensex and Nifty on Friday. The Nifty futures were trading 55 points or 0.51 per cent down at 10,788 on Singaporean Exchange
Share Market Highlights: Sensex jumps from day’s low but still ends in red, Nifty above 10,760; RIL shares jump 3%
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Reliance shares jumped over 3% in the dying hours. HUL followed closely behind gaining 2.4% and Sun Pharma was seen surging 2%
Maharashtra maize crop infested by FAW, Pune worst-hit
Since the monsoon has begun on time this season, ideal conditions have been created for the host to flourish and multiply, according to entomologist Anuksh Chormule.
Equity markets post smart gains; Sensex rises 408 points, Nifty up by 107.7 points
According to provisional data on the exchanges on Wednesday, FPIs sold stocks worth $132.64 million whereas domestic institutional investors sold stocks worth $112.2 million.
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Budget 2020
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