“A single party or coalition getting more than 272 seats to form a stable government is crucial. If we look a week ahead and consider the steady inflows from domestic investors, they’re already favoring a stable government,” says Vinay Jaising, JM Financial. Firstly, let’s discuss the market volatility we are seeing just ahead of the … Read more
The initial public offer (IPO) of Kronox Lab Sciences opened for subscription earlier today and will close on June 5. The issue is completely an offer for sale of 95.7 lakh shares. Since the IPO is entirely an OFS, all the net proceeds will go to the selling shareholders, including Jogindersingh Jaswal, Ketan Ramani and … Read more
Pushed by strong order inflows and strong execution, multibagger rail PSU stock RVNL is having a dream run by rallying almost 1,000% in the past 2 years while displaying a 3-fold growth in the last one year alone. During the fourth quarter itself, the company’s revenue, EBITDA, PAT grew by 17.4%, 22% and 33% YoY, … Read more
A 15-20% correction from current levels should not shake the confidence of investors and they should remain invested with a view beyond June 4, the day when the fate of the incumbent NDA government and the India alliance will be decided, experts opine. Post the event, the focus will get back to earnings, growth, and … Read more
Nvidia’s shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker’s stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street’s biggest players. Last trading at $1,128, Nvidia’s market capitalization reached $2.8 trillion, compared to a market value of $2.9 trillion for Apple, … Read more
The initial public offering of Awfis Space Solutions closed on Monday, with bids exceeding more than 108 times the shares the office sharing company has put up for sale. According to data from the BSE, the public issue received bids for more than 936.8 million shares against the 8.62 million shares on offer. The category … Read more
Mumbai: India’s benchmark indices made fresh highs on Monday but gave up early gains as the sentiment remained edgy in the run-up to the election results on June 4. The Sensex crossed 76,000 and the Nifty crossed 23,100 for the first time but failed to close above these levels. Nifty ended at 22,932.4, down 24.6 … Read more
Mumbai: Investors looking to accumulate blue-chip stocks could consider Tata Consultancy Services (TCS), India’s largest software exporter, at current levels as technical indicators are pointing to a limited downside from here. Analysts said interest rate cuts by the US Federal Reserve will be the next big trigger for information technology (IT) stocks, including TCS. According … Read more
Emerging markets such as India and Indonesia, whose populations are growing at a solid pace, stand to benefit as demographics begin to play a bigger role in investment decisions, according to Fidelity International and BlackRock Investment Institute. The investors are focusing on the two nations in emerging Asia, thanks in part to an expected boom … Read more
Mumbai: The Indian capital markets regulator has hardened the conditions under which foreign portfolio investors (FPIs) with outsized exposures would be spared from making full disclosure of the investors in the fund. This was communicated by the Securities & Exchange Board of India (Sebi) to custodians of offshore funds, two persons aware of the regulatory … Read more
