Business

Shares of Indian Energy Exchange (IEX) have been trading near the support zone of Rs 138 in the last few sessions. They have corrected after breaching immediate resistance of Rs 140 in the previous session. On a year-to-date basis, the…

With the positioning of India as a strong manufacturing alternative to China and initiatives taken by the government to boost capex cycle in the country, a smallcap company on Dalal Street looks well-placed to cash in on the rising demand…

Holding and investment companies trading at 30-70 per cent discount to underlying assets is nothing new. But Kalyani Group's investment company Kalyani Investment Company, a smallcap, is trading at an unusually 90 per cent discount. The…

Honasa Consumer, the parent of Mamaearth, has filed its draft red herring prospectus (DRHP) with market regulator Sebi. The company has proposed a fresh issue of equity shares aggregating up to Rs 400 crore and an offer for sale (OFS) of up…

The stock of Tata Power has traded in a consolidation zone and delivered flat returns in 2022 when compared to its peers such as Adani Power, Adani Transmission and NTPC. The Tata Group stock is down 6% this year and lost 5.56% in a year.…

A couple of brokerages have picked their top auto stocks, ahead of auto sales numbers for December. Analysts said demand for medium and heavy commercial vehicle (MHCV) remained healthy but the one for two-wheeler slowed to pre-festive…

Seven Nifty stocks to see an inflow of $68 million post the recapping adjustment that will take place today, said Nuvama Institutional Equities in a note.  The capping factor of stocks in all the Nifty indices is realigned upon change in…

Calendar 2022 was muted in terms of both number of IPOs and funds mobilised in value terms, but 2023 looks promising. At least 57 mainboard IPOs with proposed fund raising of Rs 85,605.59 crore had Sebi observations till December 27, data…

Benchmark indices may see a weak start to Thursday's session, tracking negative global cues. Wall Street stocks fell overnight while most Asian markets were down over 1 per cent in early trade, thanks to mixed economic data, rising Covid…

Indian equity benchmarks are ending 2022 on a slightly higher note with BSE Sensex and NSE Nifty up 2.92 per cent and 2.82 per cent, respectively, so far. A couple of sessions away from stepping into 2023, investors would be keen to take…

Indian benchmarks Sensex and Nifty closed on a flat note on Wednesday, in line with weak global cues. Sensex fell 17 points to end at 60,910 and Nifty lost 10 points to close at 18,122.   Top losers   Bharti Airtel (1.39%), Tata Steel…

A screen displays the Fed rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022.Brendan McDermid | ReutersThe global economy likely faces a decade of sluggish growth, according to Daniel…

Shares of Titan rose 4 per cent on Wednesday, extending their gains for the second consecutive session amid heavy volumes. The stock gained 3.68 per cent to hit a day high of Rs 2,595.90 over its previous close of Rs 2,503.65. It eventually…

Shares of RBL Bank have surged 135% from their 52-week low in over six months, signaling that the private sector lender is in a strong bullish trend on the Dalal Street. The stock hit a 52-week low of Rs 74.15 on June 20, 2022. In the…

Shares of Page Industries were in focus today after Emkay Global upgraded the scrip to 'buy' with a target price of Rs 50,500. The fresh target amounts to an upside of 16% to the previous close. Page Industries stock gained 2.3% to Rs…

The information technology sector, which emerged as the top loser of 2022 in the domestic equity market, may take another six months to show some green shoots on Dalal Street, according to Emkay Global Financial Services. The BSE IT index…

KFin Technologies shares would make their debut on the stock exchanges tomorrow, December 29. The initial public offering (IPO) of KFin Tech got 2.59 times subscription. The initial share sale received bids for 6,14,67,520 shares against…

Vaishali Parekh, Vice President for Technical Research at Prabhudas Lilladher has recommended three stocks namely Infosys, Bank of Baroda and HUDCO to traders. While Infosys and HUDCO are positional calls, Bank of Baroda is a short term…

The year 2022 will be remembered as one of extraordinary upheaval for investors. Shares of new-age internet companies like Paytm, Nykaa, Zomato, PB Fintech and Delhivery also corrected significantly amid intense selling pressure and global…

Shares of Tanla Platforms rose 3 per cent in Wednesday's trade, extending their winning run for the third straight session, defying weakness in technology index. The stock climbed 2.85 per cent to hit a day high of Rs 717.10 over its…

Kajaria Ceramics has faced margins challenges in the last three to four quarters with a sharp rise in gas prices. Kajaria has started using LPG partly as an alternate to gas from November at its plants. Maruti Suzuki is steadily moving up…

Shares of InterGlobe Aviation were in focus today after Kotak Institutional Equities assigned a 'buy' call with a target price of Rs 2,400. The target price amounts to an upside of Rs 18% against the previous close. The brokerage believes…

Shares of Adani Wilmar and Adani Power surged 5 per cent, each, in Wednesday's trade, extending their gains for the third straight session. Adani Wilmar hit its upper price band of Rs 578.35 today over its previous close of Rs 550.85. A…

Shares of Rail Vikas Nigam (RVNL) surged 4.96 per cent in Wednesday's trade after receiving an appointment letter as project implementation agency for the UTF Harbor project in Maldives. The order for this strategic project was placed by…

Indian equity market ended higher for the second straight session on Tuesday, following a firm trend in the global markets. Extending its previous day's rally, Sensex jumped 361.01 points to close at 60,927.43. During the day, it rallied…

Wall Street ended lower at the beginning of a holiday-shortened week on Tuesday, as rising US Treasury yields pressured interest rate-sensitive megacap shares. Growth stocks dragged the tech-laden Nasdaq down the most. The S&P 500…

Market regulator Securities and Exchange Board of India (Sebi) on Tuesday granted final approval for introducing Social Stock Exchange (SSE) as a separate segment on BSE. Here's the broad framework of the Social Stock Exchange: - SSE is a…

The initial public offering (IPO) of Radiant Cash Management Services got a 53 per cent subscription on the third day of the bidding process. The initial share sale opened on December 23. The initial share sale got bids for 1,45,71,450…

Indian equity market ended higher for the second straight session today, following a firm trend in the global markets. Extending its previous day's rally, Sensex jumped 361.01 points to close at 60,927.43. During the day, it rallied 420.26…

2022 hasn't been the year for information technology (IT) stocks. Shares of IT behemoth Tata Consultancy Services (TCS) also felt the pain this year. Though, the fall in TCS was lower than its peers, which slipped up to 21.85 per cent in…