Global brokerage firm UBS has expressed a cautious outlook on select Indian banks and non-banking financial companies (NBFCs), driven by rising concerns over increasing non-performing loans (NPLs) and weakening portfolio quality. While the firm continues to favor certain leading banks, it has adjusted its target prices downward for several key players, signaling a mixed sentiment … Read more
Bharti Airtel, one of India’s leading telecommunications giants, has been witnessing dynamic shifts in its stock performance. The company’s shares are currently trading at ₹1,603.60, reflecting a 1.11% increase from the previous trading session. Investors are keenly observing these fluctuations as they weigh their strategies against broader market trends. Current Price and Short-Term Averages As … Read more
Vishal Mega Mart, a household name in India’s organized retail sector, is poised to make headlines with its upcoming Initial Public Offering (IPO) worth ₹8,000 crore. The IPO, set to open on December 11, is entirely an Offer for Sale (OFS) by its promoter Samayat Services LLP, with no fresh equity issuance involved. Despite mounting … Read more
Mishtann Foods, a prominent name in India’s food processing industry, witnessed a significant decline in its stock price, plummeting 10% in recent trading sessions. This downturn follows a regulatory action taken by the Securities and Exchange Board of India (SEBI), sparking a wave of sell-offs among investors. The situation has raised concerns about the company’s … Read more
IntroductionITI Limited, established in 1948, is a government-owned enterprise that plays a crucial role in India’s telecommunications and technology sectors. With its rich history, diverse product offerings, and robust infrastructure, ITI continues to evolve in response to the growing demands of the digital age. This article delves into the company’s business operations, recent performance, and … Read more
Indraprastha Gas Limited (IGL), a leading city gas distributor in India, has made a significant announcement that caught the attention of investors on December 10, 2024. The company’s board of directors approved the issuance of bonus shares in the ratio of 1:1, granting shareholders one additional fully paid equity share for every share they currently … Read more
Shares of Raymond Ltd. surged by 12% on December 10, 2024, reaching an intraday high of ₹1,812.80 on the National Stock Exchange (NSE). The rally comes amid heavy trading volumes and renewed investor confidence following the company’s strategic focus on real estate and engineering businesses after the demerger of its lifestyle segment earlier this year. … Read more
Greaves Cotton Limited, a leading engineering company in India, witnessed a significant surge in its share price, rising 15% in intraday trading. The rally comes on the heels of renowned investor Vijay Kedia acquiring a substantial Rs. 25 crore stake in the company, sparking optimism among investors about the firm’s growth prospects. Key Highlights Understanding … Read more
By Divya Prata | December 9, 2024 Trident Limited, a prominent player in the textiles and paper industry, has seen its share price soar to a four-month high following the announcement of significant investment plans in Madhya Pradesh. The company’s ambitious expansion strategy signals its commitment to strengthening operations, boosting local employment, and empowering women … Read more
By Kiran Shroff | December 10, 2024Categories: Trending, Multibaggers, Penny Stocks Sarveshwar Foods Limited, a key player in India’s FMCG sector, has captured the market’s attention with its transformative approach to sustainable agriculture. Trading at under Rs 20, this penny stock has delivered exceptional returns—149.5% from its 52-week low of Rs 4.50 and a remarkable … Read more