Telecom company Vodafone Idea (Vi) has said that its board will meet on Thursday to consider issuing equity shares or convertible securities on a preferential basis to its vendors. Experts say this move likely is a way to fully or partly pay off its dues to vendors such as Indus Towers. “…a meeting of the … Read more
Mumbai: Global index services provider MSCI has included 13 Indian stocks in its Global Standard Index and removed three. That takes the total count of domestic stocks on the MSCI indices to 146, up from 136. The change is scheduled for May 31 and India could potentially witness an inflow of $2.5 billion from global … Read more
Mumbai: Vodafone Idea’s ₹18,000 crore follow-on public offer (FPO), India’s biggest, closed successfully on Monday, having been subscribed 7 times, with strong demand from global institutional investors. The allotment for qualified institutional buyers (QIBs) was subscribed 19.3 times, of which 82% bids came from foreign institutional investors (FIIs). The non-institutional investor (NII) portion got bids … Read more
Stock markets started the new fiscal on a high, backed by firm trends in Asian markets. The 30-share Sensex jumped 363 points to settle at 74,014 and the Nifty climbed 135 points to 22,462. Stocks that were in focus included names like Indus Towers, which rose 8.26%, HAL, which jumped 2.2%, and Prestige Estates, whose … Read more
Tata Steel. Share Price 149.70 03:59 PM | 18 Mar 2024 8.00(5.65%) Mahindra & Mahindra. Share Price 1856.05 03:59 PM | 18 Mar 2024 56.55(3.15%) JSW Steel. Share Price 804.40 03:58 PM | 18 Mar 2024 23.75(3.05%) Tata Motors. Share Price 972.45 03:59 PM | 18 Mar 2024 26.61(2.82%) Apollo Hospitals Enterprise. Share Price 6136.55 … Read more
Indus Towers Ltd, part of the telecom industry, rallied more than 30% to break out from a falling trendline resistance on the weekly charts and the momentum could take the stock to a fresh 52-week high. Short-term traders can look to buy the stock on dips for a possible target of Rs 285 in the … Read more
Technical charts and data indicate a lack of relative strength and the dominance of supply pressure during the upward move. The market is likely to remain highly volatile due to the F&O expiry this week, said technical analysts. If Nifty maintains its close above the 21,920 level, it will likely head towards 22,390–22,500 levels. Bajaj … Read more
ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 16% and 38% as per analysts’ price targets. Indus Towers BROKERAGE BOFA SECURITIES Price Target: Rs 280 CMP: Rs 240.5 Upside: 16% Vodafone Idea’s potential fund raise for network expansion to be positive for Indus as it … Read more
Recent trading sessions have experienced significant volatility in the Indian markets, driven by concerns related to the budget and geopolitical developments in the Red Sea region. However, these corrections also offer a great opportunity for investors to enter good-quality stocks.In light of the prevailing conditions, three stocks have formed a strong setup on the technical … Read more
