First Abu Dhabi Bank PJSC is among potential suitors for a roughly $5 billion stake in India’s Yes Bank Ltd., according to people with knowledge of the matter. The Middle Eastern lender is weighing a bid for as much as a 51% stake in Yes Bank, the people said, asking […]
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In its recent earnings preview for the June quarter (Q1FY25), domestic brokerage Motilal Oswal Financial Services (MOFSL) forecast a 4 percent year-on-year (YoY) growth in Nifty50 earnings. Excluding global commodities like Metals and Oil & Gas (O&G), the Nifty is expected to see a 10 percent YoY earnings growth for […]
HDFC Bank share price were trading in red on Wednesday’s session after global brokerage firm BofA downgraded the bank stock from ‘buy’ to ‘neutral’, as quoted by Moneycontrol. The HDFC Bank stock was slightly down, plunged over 0.48 per cent to ₹1,628 per share. The target price has been lowered […]
Gold has outshone equity markets in the first half of calendar year 2024, defying expectations and showcasing its resilience. Spot gold prices on the Multi Commodity Exchange surged 14%, outpacing the benchmark Nifty50 index. Globally, the yellow metal climbed nearly 13% during the period, reaching $2,380 per ounce. This rally […]
Sahaj Solar IPO is scheduled to begin subscriptions on Thursday, July 11, and end on Monday, July 15. The pricing range for the Sahaj Solar initial public offering is ₹171 to ₹180 per share, with a face value of ₹10. A minimum of 800 shares, as well as multiples of […]
Top Gainers and Losers Today : The Nifty closed at 24433.2, down by 0.45%. Throughout the day, the Nifty reached a high of 24461.05 and a low of 24141.8. The Sensex traded between 80481.36 and 79435.76, closing 0.53% down at 80351.64, which was 426.87 points below the opening price. The […]
Emcure Pharmaceuticals, backed by Namita Thapar, made a remarkable debut on the Indian stock exchanges on Wednesday, July 10. The shares were listed at ₹1,325.05 apiece on the BSE, reflecting a 31.45 percent premium over the issue price of ₹1,008. Following the listing, Emcure Pharma’s shares climbed further to ₹1,384, […]
Multibagger stock: In just over six months, Supreme Power Equipment share pricehas shot up by 235%. Since its debut on December 29, 2023, the shares of the firm that manufactures, upgrades, and renovates numerous types of transformers have seen a roller coaster ride. Supreme Power Equipment share price, which is […]
Brokerage firm Nuvama is optimistic about BLS International Services, a visa consultancy services provider, following its impressive 78 percent growth over the past year. It attributes this outlook to BLS International’s strong financial performance, enhanced value-added services, expanding digital offerings, and robust cash flow generation. Initiating coverage with a ‘buy’ […]
The first 6 months of 2024 witnessed a bull run with multiple record highs and an over 10 percent rally in the benchmark indices. The total average market capitalisation soared to a record ₹397.1 lakh crore, a substantial 23.4 percent increase from the previous six-month period of July to December […]