Sidestepping all the worries around hike in capital gains tax, Street favourite BJP not getting the majority mark in the Lok Sabha elections and controversies surrounding Sebi chief Madhabi Puri Buch, Sensex has rallied nearly 6,300 points or 8.2% in the first 100 days of Modi 3.0 government. The road to the century-mark, which coincides … Read more
NBCC shares jumped nearly 5% to Rs 183.70 in Thursday’s intraday trade on the BSE after the company announced a significant deal with Mahanagar Telephone Nigam Ltd (MTNL) for a project valued at approximately Rs 1,600 crore. The two companies signed a Memorandum of Understanding (MoU) on September 11, 2024, to collaborate on developing a … Read more
Private equity firm Warburg Pincus on Thursday exited Kalyan Jewellers, selling 2.36% stake in the company to promoter T S Kalyanaraman and the remaining 6.81% via block deal. The US-based company held 9.17% in Kalyan Jewellers as on June 30, 2024 through its affiliate Highdell Investment. It held the stake since 2014. Commenting on the … Read more
GE T&D India promoters GE Grid Alliance B.V. and Grid Equipments Private Limited have informed exchanges that they are in the process of reviewing their shareholding structure in the company and are evaluating the possibility of a minority stake sale. However, the promoter group has expressed its “strong intention to continue as the majority shareholder … 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
Going purely by PE multiple or price-to-earnings ratio, which tells you how many years it will take for the company’s earnings to cover its current price, Zomato is one of the most expensive stocks on Dalal Street with an astronomically high PE of 487x. The multibagger stock continues to attract buyers despite a 200%-plus rally … Read more
Ace investor Ashish Kacholia has reduced his holdings in three smallcap counters in the March ended quarter viz Aditya Vision, Safari Industries (India) and Universal Autofoundry. Kacholia trimmed his stake in Aditya Vision by 12 bps to 1.87 at the end of the January-March quarter versus 1.99% at the close of the December quarter. Aditya … Read more
One of the world’s largest money managers Vanguard Group’s India stock portfolio is faring poorly in the current calendar year, with nearly 60% of the 26 stocks languishing. Vanguard, which owns Indian stocks worth nearly Rs 36,000 crore through its various funds, has seen a decline in its portfolio value by Rs 664 crore in … Read more
Aurobindo Pharma, part of the pharma space, has rallied more than 100% in FY24 but found some resistance above Rs 1,100 levels in January 2024. The stock underwent price wise correction since January 2024 and is now showing signs of bottoming out which suggests that bulls are ready to take the charge again. Short-term traders … Read more
As the India stock rally remains unstoppable with Mr Retail behaving like the biggest bull of Dalal Street, investors have been left richer by nearly Rs 100 lakh crore in 8 months. The market capitalisation of all BSE-listed stocks, as a result, is now within kissing distance of touching the milestone of Rs 400 lakh … Read more
