Business

Shares of Indian Railway Catering and Tourism Corporation (IRCTC) have dipped 19% since the stock was split in the ratio of 1:5 on October 28 last year. However, before the stock split, the IRCTC shares hit a record high of Rs 1,279…

Siddhartha Bhaiya, a Mumbai-based money manager, is making a killing on Dalal Street as over 60 per cent of stocks he has spotted so far have surged up to 100 times in the past 10 years. The solid return is also visible in his portfolio…

A total of 14 stocks, which delivered multibagger returns in 2022, have not reported profits at least in the last six quarters. Most of these stocks are lesser known, with only two stocks having market capitalisation of over Rs 1,000 crore.…

Shares of IRB Infrastructure Developers rose over 3% today after the firm said its board will meet to consider a proposal for stock split on January 4, 2023. IRB Infrastructure Developers stock touched an intraday high of Rs 322.5, rising…

Shares of Just Dial dropped 2 per cent in Tuesday’s trade after Reliance Retail Ventures (RRVL), the promoter of the company, said it intends to sell shares of the company via open market sale to comply with minimum public shareholding…

The Rs 475 crore initial public offer (IPO) by Elin Electronics will open for public subscription today. The issue would comprise a fresh issue of Rs 175 crore and an offer for sale of Rs 300 crore to be sold in the 234-Rs 247 price band.…

Domestic stocks are likely to see a muted start to Tuesday's trade amid back-to-back drop in US indices on mounting fears of recession and weak momentum in Asia amid concerns over surging Covid cases in China. Dollar index edged higher…

The S&P 500 and the Nasdaq slipped on Monday, adding to the market's recent string of losses, on worries that rising U.S. interest rates will hurt economic growth, while Tesla's shares struggled after a poll called for Elon Musk to quit…

The Burman family, which owns Dabur India Limited, is likely to sell shares worth Rs 800 crore through block deals on Tuesday, said a news report on Tuesday.  The promoters will offer up to 4% discount from the current market price for the…

Samir Arora, Founder & Fund Manager, Helios Capital recently stirred a hornet's nest by quoting a Zerodha finding that said less than 1% active F&O traders earn over 7% annually. "'Less than 1 pct of those who actively trade…

Tesla shares jumped on Monday as investors speculated that CEO Elon Musk might step back from Twitter. The billionaire has been leading the social media company since late October and Tesla shares have been witnessing a slump since April…

Benchmark indices Sensex and Nifty ended nearly 1 per cent higher on Monday led by heavy buying in banking, oil and FMCG shares after two sessions of losses. Sensex rose 468.38 points to end at 61,806.19. During the day, the index advanced…

Shares of Nykaa's parent FSN E-Commerce Ventures declined on Monday, extending their losing run for the sixth straight session. The stock dropped 4.97 per cent to hit an intraday low -- also its adjusted 52-week low -- of Rs 159.70 compared…

Shares of Arfin India zoomed over 11% today after the firm said it has bagged purchase order from Saudi Basic Industries Corporation (SABIC), Saudi Arabia. The company will supply 18,000 MT of aluminium deox, and the value of this contract…

UTI Asset Management Company (AMC) on Monday said it is not a part of any negotiation (with Tata Group) as suggested by a media report. ET had in a report today suggested that the Tata Group was in final talks to buy majority stake in UTI…

Shares of Ashoka Buildcon climbed 4 per cent in Monday's trade after the company said that its subsidiaries Ashoka Concessions and Viva Highways have entered an agreement with National Investment & Infrastructure Fund (NIIF) to sell its…

European shares edged higher on Monday, boosted by energy firms, after a bruising selloff last week sparked by growing fears of a recession as major central banks promised more interest rate hikes ahead. The region-wide STOXX 600 index was…

Shares of Dilip Buildcon jumped in Monday's trade after getting a slew of road construction orders from the National Highways Authority of India (NHAI). The stock surged 6.46 per cent to hit a day high of Rs 244 compared to the previous…

Shares of Wipro have closed below the key Rs 400-mark in the last six consecutive sessions signaling a bearish trend for the IT major. The stock, which is the cheapest among the IT biggies in terms of price, is slowly heading towards its…

The initial public offering (IPO) of KFin Technologies was booked 20 per cent so far on the first day (Day 1) of issuance. The Qualified Institutional Buyers (QIBs) category got a 32 per cent subscription while the Retail Individual…

Axis Securities in its weekly report suggested three stocks Balrampur Chini, Mahindra CIE and Linde India in the cash segment that can deliver healthy returns in 3-4 weeks. Axis Securities said these stocks have breached their multiple…

Punjab National Bank, Bank of Baroda (BOB) and Indian Overseas Bank (IOB) were a few PSU banks where mutual funds (MFs) decreased stakes in November, data compiled from PRIME Database suggested. These institutional investors were seen…

Shares of Sarveshwar Foods gained over 7% today after board of the firm cleared allotment of 45 lakh equity shares to non-promoters at an issue price of Rs 81 per share, and 36.6 lakh fully convertible warrants to promoters &…

A host of brokerages have come out with updates on their tracked stocks. Kotak visited JSW Steel’s Dolvi steel plant and was impressed. Nirmal Bang visited JB Chemical’s oral and injectable facilities in Gujarat. Motilal Oswal reviewed…

The Rs 1,500 crore IPO by KFin Technologies is all set to hit the market today. The offer-for-sale (OFS) by existing promoter General Atlantic Singapore Fund will be sold in the Rs 347-Rs 366 price band. Ahead of its IPO Financial services…

Nifty on Friday fell for the second straight session and settled the week below the 18,300 level. The NSE barometer formed bearish candles on both daily and weekly charts. The candles had long upper wicks, suggesting selling at higher…

The market saw high volatility last week, thanks to a heavy selloff in global markets. During the week, Nifty Bank made an all-time high of 44,151.80, but closed the week at 43,219.50, down 0.95 per cent. At present, the banking index has…

Following US Federal Reserve’s statement that it expects to continue raising the interest rates in 2023 for a longer period, sentiments across markets remained low as there are expectations that the central bank could take a dovish turn…

Reviewing the requirements related to performance reporting and benchmarking by portfolio managers, the regulator has asked them to adopt an additional layer of broadly defined investment ''strategies'' while managing the clients' funds.…

An Olive Garden restaurant in Times Square in New YorkRichard Levine | Corbis | Getty ImagesDarden Restaurants on Friday reported quarterly earnings and revenue that beat Wall Street's expectations, as consumers continued to eat out despite…