Shares of FSN E-Commerce Ventures are expected to witness their next leg of performance riding on margin improvements which will be akin to Zomato, according to estimates by Nuvama. The domestic brokerage reiterated its buy rating on the Nykaa operator while marginally raising the price target to Rs 192 from Rs 189, as suggested earlier. … Read more
Shares of FSN E-Commerce Ventures are expected to witness their next leg of performance riding on margin improvements which will be akin to Zomato, according to estimates by Nuvama. The domestic brokerage reiterated its buy rating on the Nykaa operator while marginally raising the price target to Rs 192 from Rs 189, as suggested earlier. … Read more
Nifty on Friday ended the first trading session of the March series 366 points higher above the 22,300 mark and at fresh record highs. The index formed a bullish Marubozu candle on the charts. “The index broke out of a two-month consolidation zone and such volatility contraction is usually followed by a strong rally. The … Read more
In India, general elections hold high significance for Dalal Street investors as early trends, opinion polls, and exit polls ahead of the final outcome provide cues on which party is likely to win the game. This time around, the election has gained prominence in light of India’s rising importance in geopolitics, its leading position in … Read more
Shares of Reliance Industries rallied 2% to the day’s high of Rs 2,958 on BSE in Thursday’s session as investor optimism increased after the Ambanis announced signing of a binding agreement with Disney to form a joint venture that will combine the businesses of Viacom 18 and Star India. Global brokerage Jefferies said Disney’s business … Read more
Madhu Kela-backed Rashi Peripherals listed with a 9% premium on the exchanges on Wednesday, which was largely in line with expectations. The IPO received an overwhelming subscription of 63 times at close. Despite a premium listing, the muted opening was due to the highly competitive market environment in which the company is operating and also … Read more
Shares of Hindalco Industries tanked 14% to the day’s low of Rs 501.10 on the NSE on Tuesday after its US-based subsidiary Novelis lowered its returns guidance for Bay Minette project to double digits from an earlier mid-teens. The company also announced an additional capex for the project which came as a shocker for the … Read more
The upward trend of Nifty is expected to persist in the near term, but the index may encounter resistance around 21,800-21,850 levels. Technical analysts suggest that a definitive move above 21,850-21,900 is necessary to unlock the next upside target of 22,200. Analysts recommend stocks like Axis Bank, Canara Bank, Divi’s Labs, Cipla, Coforge, Infosys, ITC, … Read more
Mumbai: The deal value in the Indian equity capital markets (ECM) experienced a remarkable 66% surge, reaching a high of ₹2.18 lakh crore ($26 billion) in the calendar year 2023 from ₹1.31 lakh crore ($16 billion) in the previous year, according to data from Bloomberg. The number of deals also saw a significant 66% increase, … Read more
