Business

Shares of Tata Power have been consolidating in the last one year. The Tata Group stock has kept investors guessing whether they should continue to hold the stock or exit the counter.  Tata Power stock traded between Rs 230 (December 13,…

Shares of Housing & Urban Development Corporation (HUDCO) soared nearly 11 per cent in Tuesday's trade, with technical charts hinting at an uptrend in the near term. The stock jumped 10.75 per cent to hit a day high of Rs 54.60 over its…

Vaishali Parekh, Vice President for Technical Research at Prabhudas Lilladher has recommended three stocks that she thinks can deliver up to 10 per cent returns going ahead. They are Bajaj Finance, Kotak Mahindra Bank and BSE. This is what…

BofA Securities has set Nifty 2023 target at 19,500 level, implying muted but positive returns. The foreign brokerage expects the 50-pack index to broadly stay in a range of 17,000-20,000 levels during the year, led by debate on two…

The initial public offering (IPO) Abans Holdings was subscribed 25 per cent so far on the second day (Day 2) of bidding process. The issue received total bids of 31,46,165 shares against the issue size of 1,28,00,000 shares. The quota…

The initial public offering (IPO) Sula Vineyards was subscribed 41 per cent so far on the second day (Day 2)of bidding process. The issue received total bids of 77,48,496 shares against the issue size of 1,88,30,372 shares. The quota…

Shares of Jaiprakash Associates Ltd on Tuesday tanked around 8 per cent after it entered into an agreement with Dalmia Bharat's subsidiary to sell its cement assets. New Delhi-based Dalmia Bharat's wholly-owned subsidiary -- Dalmia Cement…

Shares of YES Bank have potential to hit Rs 25 level in the medium term, suggest technical charts. The scrip has been rising for four consecutive days now and took out the Rs 22 level in Tuesday's opening trade. After showing a range bound…

Sensex closed lower on Monday while the Nifty settled flat amid a weak trend in global markets and continuous foreign fund outflows. Sensex fell 51.10 points or 0.08 per cent to end at 62,130.57. During the day, the 30-stock index tumbled…

  Domestic stocks are likely to see positive start to Tuesday's trade amid optimism globally ahead US inflation data due later in the day and the outcome of the US Fed policy review later on Wednesday. Asian markets were trading mostly…

US stock indexes rallied to kick off the trading week on Monday, lifted in part by gains in Microsoft and Pfizer, as investors girded for inflation data on Tuesday and a policy announcement from the Federal Reserve later in the week.…

Safra Catz, Oracle's CEO and then one of Oracle's two co-CEOs, smiles during Oracle's OpenWorld conference in San Francisco on, Sept. 20, 2016.David Paul Morris | Bloomberg | Getty ImagesOracle shares rose as much as 4% in extended trading…

Shoppers carry bags of purchased merchandise at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania.Mark Makela | Getty ImagesConsumers grew more optimistic about inflation in November amid expectations that both…

Saurabh Mukherjea, Founder, Marcellus Investment Managers on Monday explained in a television interview on why he continues to avoid PSU stocks and expects the bull run to continue in 2023.  Mukherjea has the "Coffee Can investing…

Leading private equity firm KFin Technologies, a company backed by General Atlantic, is anticipated to begin its initial public offering (IPO) on December 19, 2022, as it seeks to raise approximately Rs 1,500 crore, reported Moneycontrol.…

Shares of Wipro climbed on Monday, halting their losing run of six straight sessions. The stock rose 0.48 per cent to settle at Rs 395.95 over its previous close of Rs 394.05. The scrip hit an intraday high of Rs 397.45 on BSE. A total of…

The Rs 960.35-crore  IPO by Sula Vineyards was subscribed 28 per cent on Day 1 of the bidding process. The issue received total bids of 52,34,670 shares against the issue size of 1,88,30,372 shares. The quota reserved for retail individual…

Sensex closed over 51 points lower on Monday while the Nifty settled flat amid a weak trend in global markets and continuous foreign fund outflows. Sensex fell 51.10 points or 0.08 per cent to end at 62,130.57. During the day, the 30 stock…

Shares of Macrotech Developers rose over 3% intraday after the real estate firm said it has raised Rs 3,547 crore through the Qualified Institutional Placement (QIP) issue.   The stock touched an intraday high of Rs 1092.5, rising 3.41 per…

At its FY22 annual analyst meet, Siemens indicated strong ordering momentum across business verticals, led by both public and private capex. While the public sector capex are expected in infrastructure investments, strong private sector…

Shares of Eicher Motors slipped 2 per cent in Monday's trade, with technical charts hinting at a weak trend in the short term. The stock declined 2.07 per cent to hit a day's low of Rs 3,287.50 on BSE over its previous day's closing of Rs…

Shares of Thomas Cook spurred 11 per cent in Monday's trade after a wholly-owned subsidiary Sterling Holiday Resorts launched its property, Sterling Arunai Anantha Tiruvannamalai, in Tamil Nadu. The stock surged 11 per cent to hit of  high…

The current week will see a flurry of macro-economic data, which will decide the direction of the Indian stock market. Market participants will be eyeing the data of Index of Industrial Production (IIP) and the data of Consumer Price Index…

Shares of Wipro have underperformed their peers Tata Consultancy Services and Infosys in terms of returns in 2022 and in the last one year. Wipro stock has slipped 45%, emerging as the top loser among the IT giants this year. Wipro shares…

The initial public offering (IPO) of automobile dealership chain Landmark Cars would open for subscription on Tuesday (December 13). The three-day issue would conclude on December 15. The company has fixed a price band of Rs 481-506 per…

Shares of YES Bank hit a fresh 52-week high of Rs 21.20 a level in Friday’s trade, breaching the 21 level that was seen as an immediate resistance for the stock in the near term. Analysts said the next target for the stock is Rs 24,…

Sula Vineyards, whose Rs 960.35-crore IPO is underway, could rally 60 per cent post listing in a bull case scenario said Ventura Securities in its latest IPO note. In a bear case however, it sees a 44 per cent potential downside over the…

Shares of Hindustan Oil Exploration jumped nearly 5 per cent on Monday, snapping their four-day losing run after the company said it has "resumed oil production from D-1 well in its B-80 field, located in western offshore, after arresting a…

Shares of One 97 Communications (Paytm) were trading lower in Monday's trade, even as the company reported a 150 per cent jump in October-November loan distribution at 6.8 million, with annualised run rate for the loan distribution business…

The Rs 960.35-crore IPO by Sula Vineyards, India’s largest wine producer and seller, will open for public subscription today. Ahead of the IPO, the company finalised allocation of 8,070,158 shares to anchor investors at Rs 357 a piece,…