Business

Shares of One 97 Communications (Paytm) jumped 3 per cent in Friday's trade, snapping a four-day losing streak. The scrip that hit an all-time low of Rs 439.60 in the previous session staged a recovery, rising 4.7 per cent to hit a high of…

Stocks to watch Posted by :- prashun talukdar Biocon: Biocon Biologics has allotted equity shares worth Rs 2,205.63 crore to parent company Biocon. Its stake in Biocon Biologics will be 88.85 per cent post allotment of shares.   Veranda…

Capital markets regulator Sebi on Thursday barred Heaven Research Security Advisory (HRSA) and its proprietor from securities markets for six months for providing investment advisory services without authorisation. According to a Sebi…

The Securities and Exchange Board of India (SEBI) may ask companies to allot bonus and split shares to shareholders within a defined period of time, said a report on Thursday. The Moneycontrol report comes at a time when Nykaa issued bonus…

PB Fintech, whose shares jumped 8 per cent on Thursday, saw WF Asian Smaller Companies Fund buying Rs 134 crore worth of company shares in a bulk deal, data available with BSE suggested. Data showed WF Asian Smaller Companies Fund  bought…

Investors across the globe recently shunned loss-making companies amid a deteriorating macroeconomic environment. This feedback, said JM Financial, has been well received by the company managements and that Indian internet companies not…

Shares of PB Fintech, Policybazaar's parent, staged a sharp rebound on Thursday after sliding in the previous two sessions. The stock surged as much as 11.77 per cent to hit a day high of Rs 447.80 from its previous close of Rs 400.65. It…

The Indian market closed at its record high witnessing an across-the-board rally today. Sensex closed 762.10 points or 1.24% higher at 62,272 . During the day, the index zoomed to an all-time high of 62,412.33. Nifty rose 216.85 points or…

Shares of Rail Vikas Nigam Ltd (RVNL) hit all-time high amid a rally in broader markets today.  RVNL stock gained 9.58% intraday to Rs 69.8 against the previous close of Rs 63.70 on BSE. Stock of Rail Vikas Nigam has gained 20% in the last…

Foreign brokerage Citi on Thursday said while overhanging risks for One 97 Communications (Paytm) such as competition and selling by existing pre-IPO shareholders stay, such risks look overdone at the prevailing valuations. Even as Paytm…

Shares of One 97 Communications (Paytm) rose 3 per cent on Thursday morning, only to take a U-turn as the session progressed. At last count, the scrip was down for the fourth straight session. While a host of foreign brokerages have price…

Shares of Avanti Feeds rose nearly 10% today amid a rally in the broader markets. Avanti Feeds stock surged 9.87% to Rs 401.45 against the previous close of Rs 365.40 on BSE. Stock of Avanti Feeds has surged after four days of fall.…

Bernstein, which has initiated coverage of India's financials this week, prefers HDFC Bank over private lenders such as ICICI Bank and Kotak Mahindra Bank. In its latest note, the brokerage said it rates HDFC Bank, Axis Bank and SBI as…

Asian shares mostly tracked Wall Street higher on Thursday while a sell-off in the US dollar was extended, as markets reacted to the possibility of the US Federal Reserve soon slowing its pace of interest rate hikes. European markets,…

Shares of Bikaji Foods climbed 10 per cent in Thursday's trade to take its three-day winning run to 22 per cent. The stock of ethnic snacks maker rose 10 per cent to hit  new high of Rs 379.55 apiece on BSE. A total of 13.71 lakh shares…

Shares of UCO Bank resumed uptrend, rising 6 per cent in Thursday’s trade after a fall in the previous session.  With this, UCO bank shares have rallied 46 per cent in the last seven trading sessions. The momentum is positive and more gains…

Shares of Tata Consumer Products (TCPL) climbed 3 per cent in Thursday's trade after a media report suggested the Tata group firm will buy India's largest packaged water company Bisleri International for up to Rs 7000 crore. Economic Times…

Foreign portfolio investor Polus Global Fund has sold its entire stake in Inox Green Energy on the day the stock listed on bourses. The transaction involved sale of 53.85 lakh shares at an average price of Rs 61.21 per share. Elara India…

Domestic stocks are likely to see a positive start to Thursday's trade after the Fed minutes of a recent policy review suggested most policymakers were seeing slower rate hikes ahead. That said, volatility may rise as the session…

Oil prices fell more than 4% on Wednesday as the Group of Seven (G7) nations looked at a price cap on Russian oil above where it is currently trading and as gasoline inventories in the United States built by more than analysts' expected.…

Shares of logistics firm Delhivery continued to decline for the sixth consecutive session on Wednesday to hit their record low level. The stock plunged 5.32 per cent to hit an all-time low of Rs 317. However, the scrip recovered some lost…

Howard Marks of Oaktree Capital Management says short-term trading is a waste of time, or worse.  In his latest memo to its Oaktree clients, Marks said the ups and downs of prices are influenced far more by swings in investor psychology…

Equity benchmarks closed higher on Wednesday amid buying in banking counters and a firm trend in global markets. Extending gains for the second straight session, Sensex gained 91.62 points or 0.15 per cent to end at 61,510.58. During the…

Shares of Transport Corporation of India were in focus today after financial services firm  Motilal Oswal Financial  Services assigned a target price of Rs 810, a 26 percent upside to the market price of Rs 643. The new target is 5.59 per…

Shares of One 97 Communications, Paytm's parent, continued their downward trend for the third straight session on Wednesday to hit fresh one-year lows. The stock further plunged 7.70 per cent to hit a record low of Rs 440.35, but no…

Ace investor Raamdeo Agrawal believes the downside for Indian stock markets is limited and the upside looks "pretty good" even as Nifty looks set to move beyond its all-time high.  The chairman of Motilal Oswal Financial Services Limited…

The rally in shares of Adani Power has run out of steam in the last six months. The multibagger stock traded flat at Rs 325.80 today against Rs 327.85 on May 23 this year. However, the large cap stock zoomed 226.82% this year and rallied…

The rally in shares of Adani Power has run out of steam in the last six months. The multibagger stock traded flat at Rs 325.80 today against Rs 327.85 on May 23 this year. However, the large cap stock zoomed 226.82% this year and rallied…

Shares of Mazagon Dock Shipbuilders have zoomed 307 per cent since February low to hit a fresh record of Rs 913.85 in Wednesday's trade. In fact, at 217 per cent return, Mazagon Dock Shipbuilders is the secon-best BSE500 constituent after…

From a 52-week low of Rs 10.52 on June 20 to a 52-week high of  Rs 21.35 on Tuesday, shares of state-run UCO Bank rallied 103 per cent, only to see some selling pressure in Wednesday's trade. Technical analysts are mostly positive on the…