Business

The initial public offering (IPO) of Dharmaj Crop Guard on Monday got fully subscribed on the first day of bidding. The issue attracted bids for 1,43,79,060 crore equity shares against the IPO size of 80,12,990 shares, booked 1.79 times on…

Indian equity market ended at fresh closing high on Monday, rising for the fifth straight session despite weak sentiment in the global market. Sensex climbed 211 points to end at 62,504, its fresh record closing high. During the day, it…

European shares fell from three-month highs on Monday, led by losses in energy and mining stocks, as widespread and rare protests in China against stringent COVID-19 curbs sparked a wave of selling in global markets. The pan-European STOXX…

Zerodha CEO Nithin Kamath offered his two cents on Monday on Mercedes-Benz India's sales and marketing head saying Rs 50,000 SIP per month by potential customers is hitting the luxury car market in the country.  "While the luxury car…

Cosmo First stock gained nearly 10 per cent today after the firm said its board would consider buyback of shares on December 1. Cosmo First stock gained 9.78 per cent to Rs 761.15 against the previous close of Rs 693.80 on BSE.  The stock…

Shares of JK Tyre and Industries Ltd (JK Tyre) rose sharply on Monday to trade near their 52-week high of Rs 197.50. The stock jumped as much as 10.50 per cent to hit a day-high level of Rs 191, just 3.29 per cent shy from its one-year high…

Shares of Damodar Industries gained 20 per cent amid a rising market today. Damodar Industries stock gained 19.96 per cent to Rs 59.5 against the previous close of Rs 49.60 on BSE.  The stock was locked in upper circuit in the afternoon…

Shares of MSTC soared 18 per cent in Monday's trade amid high volumes. The scrip jumped 17.67 per cent to hit a high of Rs 332.25 on BSE. A total of 4.6 lakh shares changed hands on the counter so far against a two-week average of 36,000…

Shares of Tanla Platforms gained 15 per cent amid a rising market today. Tanla Platforms stock gained 15.08 per cent to Rs 848 against the previous close of Rs 736.85 on BSE. Tanla Platforms stock opened higher at Rs 749.95. The stock is…

The Rs 835.61 crore IPO by Uniparts India, a global manufacturer of engineered systems and solutions, is all set to open on Wednesday, November 30. The IPO price band has been fixed at Rs 548-577 apiece.  Last heard, Uniparts was commanding…

Shares of Apollo Tyres were in focus today after brokerage UBS assigned a 21% upside to the company. The brokerage expects the stock to hit Rs 355 in a year, 20.87% higher to the previous close of Rs 293.70.  Earlier, the Swiss brokerage…

Shares of VA Tech Wabag rose over 5% in early trade today after the water technology company inked an agreement with Asian Development Bank (ADB) for raising Rs 200 crore through unlisted non-convertible debentures (NCDs). VA Tech Wabag…

Oil futures fell more than $1 early on Monday as protests in top importer China over strict COVID-19 curbs fuelled demand worries, while investors remained cautious ahead of an agreement on a Western price cap on Russian oil and an OPEC+…

Share Market Updates Today: Indian equity benchmarks are expected to open on a lower note today amid weak cues from the global markets. Asian shares plunged as investor sentiment took a hit due to protests in major Chinese cities against…

Stocks and oil weakened on Monday as rare protests in major Chinese cities against the country's strict zero-COVID policy raised worries about the management of the virus in the world's second-largest economy. MSCI's broadest index of…

The coming week is going to be crucial as investors will be watching for Gross Domestic Product (GDP) growth rate data for Q2FY23 to be out on November 30 for further cues on the country’s economic situation. India's economy grew by 13.5…

Nifty on Friday settled above the 18,500 level. It formed a Bullish Engulfing candle on the weekly chart. The 50-pack index is trading close to the overbought zone as per the 14-day RSI and analysts believe the level of 18,605 may act as a…

Nifty Bank made a weekly high of 43,339.15 and eventually ended the week at 42983.95. The banking index has closed above the previous week's closing, with a 1.29 per cent gain. On the weekly chart, the index is sustaining above the 21-DMA…

Indian equity benchmarks regained the lost ground by recapturing positive momentum after a week of halt boosted by an advance in global risk assets after Federal Reserve meeting minutes showed support for smaller rate hikes from now on.…

The open offer by Adani Group for acquiring equity shares of New Delhi Television Limited (NDTV) is seeing a steady inflow of shares on a daily basis with a total of 39.35 lakh equity shares already been tendered till Friday. This…

Indian equity market ended at record highs on Friday, rising for the fourth straight session, led by buying in index majors Reliance Industries, Wipro and Maruti. Sensex climbed 20.96 points to end at 62,293.64, its fresh record closing…

Shares of Hariom Pipe Industries hit their all-time high today after the company completed the set up of 15 tonne electric melting furnace. The commercial production for the same will commence from Friday, November 25, 2022. The functioning…

Shares of Keystone Realtors rose nearly 7% today after Plutus Wealth Management purchased 17.1 lakh shares or 1.5% stake in the Rustomjee Group company at an average price of Rs 555.03 per share  on NSE. The transaction was worth Rs 94.91…

Shares of Indian Energy Exchange (IEX) gained 3 per cent in Friday's trade ahead of the company's board meet to consider a share buyback plan. Brokerage Prabhudas Lilladher (PL) sees strong momentum on the stock and expects IEX shares to…

Shares of Astral Ltd took less than three months to move from their 52-week low to 52-week high this year. The stock which hit a 52-week low of Rs 1,584 on June 20, 2022 touched a yearly high of Rs 2654 on September 9, 2022, translating…

At least five BSE-listed stocks have zoomed up to 526 per cent in 2022 so far after falling anywhere between 50 per cent and 80 per cent in 2021, data compiled from corporate database AceEquity suggests. Three of these five stocks namely…

Market veteran Shyam Sekhar says most DIY (do it yourself) investors end up losing money as they prefer trading over investing; they participate blindly in 'IPO lotteries';  and they sell winning stocks while clinging on to losers. These…

Nuvama Institutional Equities said if Bisleri acquisition goes through, it will be a right fit at right price for Tata Consumer Products (TCPL). Nuvama estimated Bisleri’ s FY23 revenues at Rs 2,500 crore and profit after tax at Rs 220…

Kotak Institutional Equities said if the recent IRDA proposals are implemented, one would have more clarity on the commissions received by PB Fintech (Policybazaar) from its insurance partners, which are currently booked under various…

A host of smallcap stocks such as PVR, Laurus Labs,  Indian Hotels & Man Infraconstruction were up 2-3 per cent in Friday's trade on company-specific developments. PVR rose as the multiplex owner opened its first 12-screen superplex in…