Mcap of 4 of top 10 companies hit Rs 1.71 trillion; HDFC Bank, LIC lead gainers

Four of the top 10 valued firms added Rs 1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities. On the other hand, six companies from the top 10 pack took a Rs … Read more

F&O stocks to buy: M&M, LIC among top 9 trading ideas for 3 April 3, 2024

Indian market is likely to consolidate on Wednesday tracking muted global cues. The Nifty future closed negative with losses of 0.11% at 22577 levels on Tuesday. India VIX was down by 3.56% from 12.08 to 11.65 levels. On the weekly options front, the maximum Call OI is placed at 22,500 and then towards 22,800 strikes … Read more

Companies flock to public markets as IPO fundraising jumps 19% to nearly Rs 62,000 cr in FY24

Buoyed by positive investor sentiment and listing gains, more companies have shown their appetite to raise funds through the primary market in FY24 compared to the previous year. About 76 companies accessed the public markets in FY24, raising nearly Rs 62,000 crore through mainboard IPOs. This is 19% higher than the Rs 52,116 crore mobilized … Read more

Big movers on D-Street: What should investors do with LIC, Zomato and Bharti Airtel?

Benchmark indices rebounded on Wednesday amid a largely firm trend in global equities. The 30-share Sensex rose 89.64 points to settle at 72,101 and the Nifty climbed 21.65 points to finish at 21,839. Stocks that were in focus included names like LIC, which fell 1.21%, Zomato, which jumped 5%, and Bharti Airtel, whose shares rose … Read more

LIC front running case: LIC fires employee who traded in dead father’s demat account in front running case

State-run Life Insurance Corporation of India (LIC) on Wednesday said it has fired an employee, who has been banned by markets regulator Sebi in a front-running case after the incident was reported last year. “He (the accused employee Yogesh Garg) has been removed from the services of the Corporation following the due administrative procedure by … Read more

LIC ditched these 19 smallcap stocks in Q3. End of the party or just a jittery exit?

India’s largest domestic institutional investor LIC’s holding in India Inc declined to all-time low of 3.64% in the December quarter as the giant likely used the bull market to book profits. Shareholding pattern data reveals that LIC reduced stake in at least 19 smallcaps with market capitalisation of less than Rs 10,000 crore. Following a … Read more

Hot Stocks: Brokerage view on LIC, Biocon, Divi’s Laboratories and Bandhan Bank

Brokerage firm Macquarie maintained a neutral rating on Bandhan Bank, Divi’s Laboratories recommended a sell rating on Divi’s Laboratories, BofA Securities recommended a buy on Biocon, and JPMorgan upgraded LIC to overweight. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on Bandhan Bank: Neutral| Target Rs … Read more

psu insurance stocks: 2 PSU insurance stocks zoom 14%. What’s the good news?

Shares of two PSU insurance companies – General Insurance Corporation of India and New India Assurance – rallied 14% each on Thursday to fresh peaks amid reports that the government may infuse capital into three state-owned insurers. Shares of General Insurance Corporation of India jumped 13.9% to a fresh 52-week high of Rs 466 while … Read more

hdfc bank share price: HDFC Bank shares rally 2% as LIC ready to play white knight

Following a 14% downside seen in seven trading sessions after Q3 disappointment, shares of HDFC Bank on Monday jumped up to 2% to the day’s high of Rs 1,462.85 after investors took comfort in RBI’s approval to LIC to increase stake in India’s largest private sector lender to 10%. While the state-run insurance company may … Read more