Category: News All

  • 22 Sep

    HDFC Bank stock expected to re-rate in next 12-18 months, says Motilal Oswal’s Nitin Aggarwal

    Aggarwal is bullish on HDFC Bank's long-term prospects, but he believes that investors should wait and see how the bank executes in the near term.

  • 22 Sep

    Sai Silks’ IPO attracts lukewarm response, analysts raise concerns

    Sai Silks Kalamandir's IPO received a lukewarm response with a subscription rate of just 0.07 times. Analysts have raised concerns about the company's high debt levels, intense competition in the industry, and the fact that half of the issue size is an OFS. The company also has 30 percent of its promoter holdings pledged. Despite these concerns, the company's management is confident about its growth prospects.

  • 22 Sep

    PSU bank shares make a comeback on JPMorgan’s index inclusion decision

    PSU bank shares made a strong comeback on September 22, after JPMorgan's decision to include Indian government bonds in its emerging-market index boosted investor sentiment. However, analysts are urging caution with regard to the PSU bank space, citing the risks of investing in smaller PSU banks and the potential for divestment in some of the larger banks. Investors should carefully consider the risks and rewards before investing in PSU bank shares.

  • 22 Sep

    SEBI penalizes 11 entities for non-genuine trades in illiquid stock options segment

    The Securities and Exchange Board of India (SEBI) has penalized 11 entities for non-genuine trades, fined 2 entities for flouting disclosure rules, and suspended the registration of 1 research firm for violating regulatory norms. SEBI's actions are a reminder to market participants that they must comply with all regulatory requirements. Investors should be aware of these risks and take necessary precautions to protect themselves.

  • 22 Sep

    Zaggle Prepaid Ocean Services Stock Makes Weak Debut, Analysts Recommend Selling

    Zaggle Prepaid Ocean Services stock made a muted debut on bourses on September 22, listing at a premium of just 0.6% over the IPO price. Analysts have recommended selling the stock on the opening day, citing its high P/E valuation, debt-to-equity ratio, and negative cash flow.

  • 22 Sep

    Market Summary for September 22, 2023

    Indian equity markets closed in the green on September 22, 2023, supported by buying in select banking and automobile stocks. Sectors such as pharma, information technology, and metals were the major drags. Options data suggests a sideways to positive momentum in the near term.

  • 22 Sep

    Berger Paints Shares Hit 52-Week High After Turning Ex-Bonus

    Berger Paints shares surged 6% to hit a 52-week high after turning ex-bonus on the record date for the issue of bonus shares in the ratio 1:5. The company posted a net profit of Rs 326.3 crore in the April-June quarter of FY24, up 39% year-on-year, on revenue of Rs 2,739.7 crore, up 10% year-on-year. The company expects to get net cash positive by the end of this fiscal year and expects to end the year with double-digit revenue growth on strong demand outlook.

  • 22 Sep

    Concord Biotech Shares Up 3% on Positive Outlook from Analysts

    Concord Biotech shares were trading 3% higher on September 22nd after Kotak Institutional Equities and Antique Broking initiated coverage of the company with a positive outlook on the stock. Both brokerages cited the company's expertise in high entry barrier fermentation active pharmaceutical ingredients (API) segment and strong underlying demand trends as key reasons for their bullish stance. Kotak Institutional Equities has an 'add' rating on the company's stock and has set a target price of Rs 1,110 per share, while Antique Brokings has a 'buy' rating and has set a target price of Rs 1,340 per share.

  • 22 Sep

    Manoj Vaibhav Gems N Jewellers’ IPO subscribed 13% on Day 1

    Manoj Vaibhav Gems 'N' Jewellers' IPO was subscribed 13% on Day 1. Retail investors bought 25% of their allotted quota of shares and high networth individuals (HNIs) 5%. The company will use fresh issue proceeds for setting up eight showrooms, and the remaining for general corporate purposes.

  • 20 Sep

    RR Kabel Shares Make Strong Debut Despite Market Correction

    RR Kabel shares made a strong debut on the stock exchanges on September 20, despite a sharp correction in the equity markets. The stock opened higher by 14 percent and closed at Rs 1,198, up 15.75 percent over the issue price of Rs 1,035. RR Kabel is the first company to list its shares on the exchanges within two days of the issue closing, using the new T+2 timeline introduced by the market regulator Sebi. The company had raised Rs 1,964.01 crore via its IPO, which was launched during September 13-15. RR Kabel operates in two broad segments: wires & cables, and FMEG (fast moving electrical goods). The company's strong debut is a positive sign for the IPO market, which has been subdued in recent months. It also reflects the investor interest in the wires & cables and FMEG sectors, which are expected to benefit from the government's focus on infrastructure development and electrification.