Benchmark indices ended on a flat note in a lacklustre trade on Monday, as investors preferred to remain on the sidelines awaiting further triggers. In today’s trade, shares of IndusInd Bank, Zomato, Saraswati Saree Depot, HCL Tech, Poly Medicure among others will be in focus due to various news developments. IndusInd Bank IndusInd Bank has … Read more
Antfin Singapore will likely sell shares in Zomato worth $408 million at floor price of Rs 251.68 per share via block deal, ET Now reported quoting agencies. It currently holds 4.3% stake in the food delivery platform. At this price, the shares will be available for sale at a discount of 4.6% over Monday’s closing … Read more
Trent and Bharat Electronics (BEL) may be included in the benchmark Nifty in the next shuffling of indices by the NSE in September, according to Nuvama Alternative & Quantitative Research. The two stocks could take the place of LTIMindtree and Divi’s Labs. Nuvama said the changes could result in $500 million inflow into Trent and … Read more
Shared mobility services provider Yulu Bikes is looking to raise upwards of $100 million in a Series C round to expand operations over the next couple of years. Yulu, which has a strategic partnership to develop electric vehicles with Bajaj Auto, is looking at more than doubling the fleet of electric two-wheelers it deploys for … Read more
“We have a QGLP philosophy, where we look at the growth leaders where the longevity of growth is very high, and we buy new stocks at reasonable prices,” says Vaibhav Agrawal, AIF Fund Manager, MOAMC. In an interview with ETMarkets, Agrawal said: “If you had invested 1 crore, that would be about 12.5 crores today, … Read more
Equity benchmarks halted their five-day rally to close with deep cuts on Friday in line with a global sell-off as investors dialled back risk exposure. Stocks that were in focus include names like Zomato, which gained 12.24%, ITC, which fell 0.98%, and Adani Wilmar, whose shares rose 9.99% on Friday. Here’s what Pravesh Gour, Senior … Read more
We believe there might be both time and price-wise correction in the days to come. As we have previously seen, DIIs are buying at every dip in the market, so the downside may be limited, said Dr Ravi Singh, Senior Vice President, Retail Research at Religare Broking. This analyst spells-out strategy in previous week’s major … Read more
Following a sharp 17% rally in Zomato shares amid blockbuster results, the new-age stock could rally to Rs 292 in the near term, with a stop loss at Rs 252-240, says Anand James, Chief Market Strategist at Geojit Financial Services. “Directional moving indicators and most oscillators point to strength and continuation of the uptrend. Fast … Read more
Indian Railway Finance Corporation Share Price 192.33 04:04 PM | 2 Aug 2024 2.56(1.35%) One97 Communications Share Price 527.0 04:04 PM | 2 Aug 2024 30.15(6.07%) YES Bank Share Price 25.45 04:04 PM | 2 Aug 2024 -0.84(-3.16%) ITC Share Price 489.1 04:04 PM | 2 Aug 2024 -4.6(-0.94%) HDFC Bank Share Price 1659.15 04:04 … Read more
Brokerage firms such as Jefferies have a buy rating on ITC and Adani Ports, while Goldman Sachs has a sell call on Sun Pharma. Macquarie has an outperform rating on Zomato, and JP Morgan has a neutral view on Dabur. We have collated a list of recommendations from top brokerage firms from ETNow and other … Read more
