Business

Shares of Adani group flagship Adani Enterprises tanked 7 per cent while five other group stocks hit their 5 per cent lower circuit limits on Tuesday amid a report by The Ken that raised questions about whether the group actually repaid…

Shares of Brigade Enterprises Ltd were in focus today after brokerage Geojit initiated coverage on the real estate player with an ‘accumulate’ call. Geojit sees 15% upside in the realty stock and has assigned a target price of Rs 537…

JG Chemicals has received final observations from the capital markets regulator Sebi to launch its initial public offering (IPO). The Kolkata-based Zinc Oxide manufacturer filed its draft red herring prospectus (DRHP) with Sebi in January…

Shares of Adani Enterprises fell sharply in Tuesday's trade, extending their fall for the fifth consecutive session. The stock dived 8.72 per cent to hit a day low of Rs 1,573 over its previous close of Rs 1,723.30. Today's sharp movement…

Shares of Sterlite Technologies Ltd (STL) were trading lower in the afternoon session today even as the global optical and digital solutions player said it has inked a business transfer agreement to sell its telecom products and software…

Shares of GRM Overseas have rallied 2,155% in the last three years. The small cap stock, which closed at Rs 8.27 on March 27, 2020 rose to a high of Rs 186.50 on the BSE today. An amount of Rs 1 lakh invested in the shares of GRM Overseas…

Selling in shares of Bandhan Bank intensified, with the stock falling 8 per cent to hit a fresh 52-week low in Tuesday's trade, even as the BSE Bankex constituents were trading mostly flat. With this, the scrip has taken its losing streak…

Paras Defence shares rose after six days of consecutive fall today after the company said it has secured regulatory license for establishing an industrial undertaking to manufacture certain industrial items. Shares of Paras Defence gained…

Domestic equity indices opened higher on Tuesday, tracking the firm global cues but mixed sentiments from the US stocks weighed on trader's sentiments. However, headline indices trimmed their gains as the session progressed amid the…

Domestic equity markets settled higher on Monday, snapping the two-day losing streak. However, fag-end selling dragged the markets lower and trimmed the gains of headline peers. Uncertainty across the globe weighed on traders' sentiments.…

Dalal Street is likely to open higher on Tuesday, tracking positive global cues. Asian peers opened with gains as concerns over SVB eased. US stocks settled higher overnight. Back home, stocks may remain volatile ahead of the expiry of…

Zerodha CEO Nithin Kamath on Monday weighed on the ongoing debate over the impact of the increase in rate of securities transaction tax (STT) to be levied on sale of options as well as futures and said the move might "result in lower…

The Securities Appellate Tribunal (SAT) has granted relief to Bollywood actor Arshad Warsi, wife Maria Goretti and brother Iqbal Warsi, who were barred from the stock markets for their alleged role in manipulating the share prices of Sadhna…

Domestic equity markets kicked off the week with some positivity and settled higher on Monday, snapping the two-day losing streak. However, the fag-end selling in the markets dragged the markets lower and trimmed the gains of headline…

Shares of state-run Coal India are trading in the oversold zone, making investors worry over the scrip of the PSU behemoth. The stock has entered bearish territory in a volatile market, leaving traders cautious on the outlook of the stock.…

After Fabindia and Joyalukkas that shelved their IPO plans recently due to unfavourable market conditions, Mamaearth’s parent Honasa Consumer is said to be holding its IPO plans. Analysts noted that many well-tracked 2021-2022 debutants are…

Shares of private health insurer Star Health Insurance have fallen 23% in the last one year. The stock, which was listed at Rs 848.80 on December 10, 2021, is trading 35.75% lower to the market debut day level. However, two brokerages have…

Domestic brokerage firms including Ashika Stock Broking and SMC Global are positive on the select stocks, namely- including Titan Company, Varun Beverages, AIA Engineering and The Ramco Cements- the ongoing volatility in the broader…

Domestic brokerage firms including Axis Securities and ICICI Securities believe that select stocks including Aurobindo Pharma, Anupam Rasayan, Aegis Logistics and Indraprastha Gas can deliver up to 20 per cent return in the near term, if…

At the time when the focus was on the wild swings of the benchmark equity indices, as many as 23 stocks on SME exchanges rallied over 100 per cent since April 2022. A slew of factors like sustained outflows by foreign institutional…

Shares of Uno Minda Limited have delivered over 9,100 per cent return to its long-term shareholders in the last 10 years. From trading around Rs 5 in 2013, the stock is hovering around Rs 450 right now. The multibagger stock is currently…

Shares of FMCG major ITC will remain unaffected from the amendment to the GST Compensation Cess Schedule passed by the Lok Sabha late last week, said JM Financial in its report. The schedule has been seen as a prelude to a possible…

In a big blow to futures and options (F&O) traders, Finance Minister Nirmala Sitharaman has hiked the securities transactions tax (STT) on the sales of options and futures by up to 25 per cent, each. However, the industry participants…

Shares of APL Apollo Tubes have logged stellar returns for investors in the last three years. APL Apollo Tubes shares, which closed at Rs 127.42 on March 27, 2020 hit a high of Rs 1222 on March 27, 2023, translating into gains of 859 per…

Crompton Greaves Consumer Electricals last week proposed a scheme of amalgamation of Butterfly Gandhimathi with self. Upon merger, the public shareholders of Butterfly Gandhimathi as on the record date will receive 22 equity shares of…

The March quarter results are likely to be strong for banks, said Emkay Global, which remained constructive on the sector, even as it expects some moderation in credit growth going post fourth quarter. The brokerage prefers ICICI Bank, Axis…

Asian shares followed US stock futures higher on Monday on hopes authorities were working to ring fence stress in the global banking system, even as the cost of insuring against default neared dangerous levels. Helping nerves were reports…

In the coming holiday truncated week, Indian markets will remain closed on March 30 on account of Ram Navami. The upcoming week is likely to remain volatile as the march F&O series will expire on March 29 and traders will be adjusting…

It turned out to be yet another disappointing week of trade at the Indian bourses with frontline gauges shaving off around a percentage point as worries over banking contagion in the developed world continued to hurt sentiments, prompted by…

The Finance Ministry on Friday issued a clarification that the securities transaction tax (STT) on selling options has been increased to 0.0625% from 0.05% and not from 0.017% to 0.021% as mentioned in the latest amendment to Finance Bill…