The shares of Maruti Suzuki rose over half a percent in the morning session after Goldman Sachs retained a ‘buy’ rating on the stock despite the company cutting the production limit for August. GS has a target price of Rs 9,036 per share, over 30 percent higher than its current market price of Rs 6,890. […]
SEBI slaps Rs 6-lakh penalty on Capital First for disclosure lapses
Market regulator Securities and Exchange Board of India (SEBI) on August 25 imposed a penalty of Rs 6 lakh on Capital First Ltd for not disclosing encumbrance on shares of Deccan Chronicle Holdings Ltd (DCHL). Capital First (earlier known as Future Capital Holdings) merged with IDFC Bank in 2018 and the merged entity is called […]
Paytm staff convert ESOP grants into shares ahead of IPO
Ahead of Paytm’s initial public offering (IPO) rollout, several of its top employees are converting their employee stock ownership plan (ESOP) grants into the company’s shares. These shares are worth an estimated Rs 600 crore, according to media reports. To facilitate this exercise, One97 Communications Ltd, the parent company of fintech major Paytm, is in […]
Trade setup for Dec 21: Will Nifty50 bounce back now? Check out key market cues before Tuesday’s session
Indian equity benchmarks tumbled more than two percent each to four-month closing lows on Monday, tracking a global sell-off amid rising cases of the Omicron variant of COVID-19. All sectoral indices were deep in the red, with the Nifty Bank dropping 3.3 percent to the lowest level in five months. The Nifty50 has formed a long bear […]
Indian rupee gains 17 paise against US dollar in early trade
The rupee appreciated 17 paise to 75.73 against the US dollar in the opening session on Tuesday, tracking heavy buying in domestic equities and a weak American currency in the overseas market. However, surging crude prices restricted the rupee’s gain, traders said. At the interbank foreign exchange, the rupee opened strong at 75.74 and inched […]
Gujarat Gas share price rises 3% as Jefferies maintains ‘buy’
Gujarat Gas share price rose 3 percent in the morning trade to Rs 631.60 on December 21 after foreign research firm Jefferies maintained a “buy” rating and kept the target price at Rs 830 a share The recent checks of Gujarat Gas’ Morbi channel suggest volumes at 6.50-7/5.70 million metric standard cubic meters per day (mmscmd) in […]
Piaggio Aprilia scooters to be available at over 100 Motoplex stores in south India
The Indian subsidiary of Italian premium scooter maker Piaggio has said its new Aprilia scooter range will be available at its over 100 Motoplex multi-brand retail stores across southern states. The southern region accounts for almost 45 per cent in Piaggio India’s overall two-wheelers sales in the country, according to the company. Piaggio India, which […]
Hot Stocks | Here’s why you should bet on Finolex Cables, RHI Magnesita India, and sell Grasim in short-term
Nifty plunged 371 points or 2.18 percent on Monday amid Omicron fears to close at four-month low at 16,614 levels. This is the lowest closing for Nifty since August 23, 2021. Short term trend of the Nifty remains weak as Nifty is forming lower top lower bottom formation on the daily chart. Nifty is also […]
Rupee Is Asia’s Worst Performer As Global Funds Shun India Stocks
The Indian rupee is set to end a tumultuous year as Asia’s worst-performing currency with foreign funds fleeing the nation’s stocks. The currency declined 2.2% this quarter as global funds pulled $4 billion of capital out of the country’s stock market, the most among regional markets where data is available. Foreigners sold Indian stocks as […]
MapmyIndia shares list at strong premium on market debut
After a cushion subscription at its original public immolation (IPO) last week, shares of MapmyIndia made a strong request debut on Tuesday with the stock listing at a decoration of over 51 at ₹ per share on the NSE as compared to issue price of ₹ all. On BSE, MapmyIndia shares started trading at ₹ […]