Sati Poly Plast IPO: The issue that opened for subscription on 12 July 2024 and received good investor interest, was subscribed more than 136 times on day 2 . The Grey Market Premium also rose from ₹70 on day 1 to ₹105 on day 2. The issue will be available […]
Domestic brokerage firm Phillip Capital has maintained its ‘sell’ rating on Indian Renewable Energy Dev Agency (IREDA) stock, raising the target price from ₹110 to ₹130. The brokerage firm noted that the recent stock rally is primarily driven by passive flows rather than fundamental factors and has already captured the […]
Indian stock market seems to be at relatively normal valuations at the Nifty level, said Deepak Shenoy, Founder and CEO of Capitalmind. In an interview with Livemint, Shenoy said he continues to invest in India’s domestic manufacturing industry, energy sector and in local consumption. Here are edited excerpts. Q. As […]
Stock Market Today: After catching pace in the months of April and May, the Indian pharma market (IPM) growth slumped in June’2024, disappointing many. IPM growth softens in June The India pharma market grew 6.7% year-on-year during the month of June’2024 much slower than 9.8% in May’2024 and on a […]
Shares of Trump Media & Technology Group surged 67 per cent to around $50 in premarket trading in New York on Monday as odds of former US president Donald Trump’s victory rose after an assassination attempt at a rally in Pennsylvania over the weekend. The premarket rally has set Donald […]
Avenue Supermarts Ltd, owns and operates the DMart chain of supermarkets, is seeing its business improve gradually. While the June quarter (Q1FY25) results don’t offer much excitement, the worst seems to be over on the gross margin front. Standalone gross margin expanded year-on-year for the second straight quarter in Q1, […]
Stock market today: Shares of Rathi Steel And Power Ltd are one of the miltibagger stocks that the Indian stock market has delivered in 2024. However, it seems that the small-cap stock with a market cap of ₹480 crore still possesses some upside steam. Rathi Steel And Power shares today […]
Domestic brokerage house Motilal Oswal Financial Services (MOFSL) has revised its target price for silver, recommending a ‘buy on dips’ strategy. In a recent note, MOFSL set a new target price of ₹1,25,000 from a 12-15 month perspective, reflecting increased confidence in the precious metal’s performance. Silver, traditionally considered a […]
Deepak Jasani, Head of Retail Research at HDFC Securities, believes the market will witness some profit booking post the Budget. However, Jasani added that after some correction, in case of no negative news, it will attempt to go higher again. Suggesting a market strategy with the Union Budget in mind, […]
Stock market today: On Monday, the Nifty 50 reached all-time highs driven by information technology stocks, as demand in the sector appeared to be rebounding based on the results of leading IT businesses. The Nifty 50 reached a record high of 24,598, up around 0.4%. As of 10:15 a.m. IST, […]