Domestic markets remained lackluster and closed flat on Wednesday, taking a pause after Tuesday’s decline. In today’s trade, shares of Ola Electric, Hindustan Zinc, SpiceJet, SBI, Glenmark Pharma among others will be in focus due to various news developments and first quarter results. Hindustan ZincHindustan Zinc Limited (HZL) has announced its offer for sale from … Read more
Mumbai : Every investor dreams of buying multi-bagger stocks, but identifying such opportunities is challenging.Out of about 400 stocks tracked by at least five analysts, about 54 are expected to deliver returns between 20% and 50% over the next 12 months, consensus estimates showed.Many of these stocks have become more attractive following recent market corrections, … Read more
Shares of FSN E-Commerce Ventures-owned Nykaa surged 6% on Wednesday on BSE to its day’s high of Rs 197.35 after the company on Tuesday reported a 152 year-on-year (YoY) surge in net profit at Rs 13.64 crore for the quarter ended June 2024 as compared to Rs 5.42 crore posted by the beauty & personal … Read more
Domestic markets extended losses for a second straight day on Tuesday as Sensex tumbled nearly 700 points. In today’s trade, shares of Hero MotoCorp, Hindalco, Apollo Hospitals, Vedanta, Ola Electric among others will be in focus due to various news developments and first quarter results. HAL, Ola Electric, Mazagon Dock Shipbuilders, Bandhan BankShares of HAL, … Read more
Indian market is likely to consolidate on Tuesday tracking mixed global cues. Foreign institutional investors (FIIs) sold to the tune of Rs 4680.51 cr while domestic institutional investors (DIIs) bought to the tune of 4477.73 cr on Monday. FIIs’ long-short ratio for index futures is at 51.45 as on a net basis, they sold 7222 … Read more
Global brokerage firm Goldman Sachs initiated coverage on Honasa Consumer (Mamaearth) with a ‘Buy’ rating and target price of Rs 570, which indicates an upside potential of 26% from the previous day’s closing price of Rs 451 apiece. Following the coverage initiation, shares of Mamaearth also jumped 5% to Rs 472 on BSE. In its … Read more
The initial public offer (IPO) of Saraswati Saree Depot, which opened for subscription earlier today, sailed through within hours of opening. The subscription for the IPO, which closes on August 14, stood at 2.46 times so far on Day 1. The issue was fully subscribed in all the categories, but retail and non-institutional investors led … Read more
Brokerage firm CLSA has an underperform rating on Jubilant Foodworks while Jeffries has a hold and buy view on Trent and Honasa respectively. Citi has a buy view on Grasim and Kotak Equities has a sell rating on Siemens. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
Benchmark indices closed nearly 1% down on Thursday after the Reserve Bank decided to keep the policy rate unchanged for the ninth time in a row. Stocks that were in focus include names like Symphony, which rose 10.35%, Apollo Tyres, which fell 1.48%, and Shree Cement, whose shares declined 3.66% on Thursday. Here’s what Kushal … Read more
The shares of Dhariwalcorp listed on the NSE SME platform with a premium of 41.5% on Thursday. The stock listed at Rs 150 as against an issue price of Rs 106 per share. Ahead of the listing, the company’s shares traded with a premium of Rs 36 in the unlisted market. The IPO, which was … Read more
