The shares of Western Carriers listed at the bourses on Tuesday with a discount of 1.16%. The stock listed at Rs 170 on BSE as against an issue price of Rs 172. Meanwhile, on the NSE, the stock listed at Rs 171, down Rs 1 or 0.6%. The IPO received a healthy response from investors … Read more
Deep Industries shares soared over 19% to hit an all-time high of Rs 473.5 during Monday’s trade on the BSE after the company announced a major order win worth Rs 1,402 crore from Oil and Natural Gas Corporation (ONGC). In an exchange filing, the company stated, “Deep Industries Ltd (DIL), a leading integrated solutions provider … Read more
“So, some will burn their fingers and some, based on the awareness exercise, will become aware and start investing in more high-quality names rather than investing in any other second IPO which is coming,” says Neeraj Dewan, Market Expert. Let us get a comment from you also going on this SME hullabaloo. Some are calling … Read more
“So, I believe Bajaj Finance is in a very favorable position, and I wouldn’t be surprised if the stock doubles in two years. The only thing we need to monitor is whether the company can guide credit costs and confirm that the worst is behind them,” says Vinit Bolinjkar, Ventura Securities. How did you assess … Read more
Mumbai: Shares of Chennai-based Sun TV Network tumbled as much as 12% on Monday, emerging as one of the top losers, after the company’s June quarter earnings disappointed investors, triggering analyst downgrades. The stock closed at ₹819.5 on Monday, down 10.6% over the previous day. Sun TV’s consolidated profit for April-June fell 5.5% to ₹560 … Read more
“So, obviously, Sun will be my top of the priority in the Nifty universe as well and I would also look at Lupin, the numbers were in line with what we were estimating. So, I think post Sun, Lupin would be my preferred bet,” says Rahul Shah, MOSL.What is your view on the pharma? I … Read more
The race to replace China’s top spot in emerging market equity portfolios is heating up, with Taiwan and India running neck to neck as formidable rivals. Thanks to record stock rallies, Taiwan and India now command more than 19% weightings each in the MSCI EM Index. That compares to China’s 22.8%, whose standing has steadily … Read more
Right now is a weird time to be Tesla. On the one hand, sales are flagging, the company’s newest vehicle is an absolute mess, and its flagship software only works for an elite few. On the other, the stock keeps climbing, with Tesla’s market cap now well over $800 billion. As it turns out, we have … Read more
“So, given that kind of environment, I believe that Indoco Remedies is a stock which is going very cheap, available at cheap valuations and the management is pretty well embedded in the business, they have been around for 30 years,” says Vinit Bolinjkar, Ventura Securities.A view on the pharma space in AstraZeneca, Lupin, Laurus, Zydus … Read more
“FIIs have strong buy position in the market and they are not unwinding the position as of yesterday. So, data-wise technically also market looks neutral to bullish on Nifty and Bank Nifty both,” says Aditya Arora, Adlytick. 100 points of gain yet again that we are seeing on the market. Market is trading at an … Read more
