The maiden public issue of Emmforce Autotech, the niche automotive drivetrain parts manufacturer, saw a massive 20.21-times subscription on the first day of bidding, i.e. April 23. All categories of investors participated in the issue on Tuesday, buying 7.94 crore equity shares against IPO size of 39.33 lakh shares, subscription data available with the BSE showed. Retail investors bought 29.34.
Open FlipIn today's video, I discuss recent updates affecting Nvidia (NASDAQ: NVDA) and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of April 22, 2024. The video was published on April 22, 2024.Should you invest $1,000 in Nvidia right now?Before you buy stock in Nvidia.
Open FlipICICI Prudential Life Insurance on April 23 reported 26% drop in net profit at Rs 174 crore for the quarter ended March 31, 2024. It reported net profit of Rs 235 crore in the year-ago period. The insurer's net premium income rose 17% to Rs 14,788 crore in Q4FY24 as against Rs 12,629 crore in Q4FY23. The insurer said its Board approved final dividend of 60 paise per equity share of face value.
Open FlipDomestic brokerage Motilal Oswal on Tuesday said it sees an upside potential of 20% in Adani Ports and suggested a ‘buy’ rating on the stock with a target price of Rs 1,590. This is supported by consistent outperformance in cargo volumes, 24% volume growth in FY24 volumes.“In FY24, the company took the total volumes to 420 MMT, well surpassing its revised guidance of 400 MMT.
Open FlipShares of Dell Technologies (NYSE: DELL) have rocketed 157% over the last 12 months. The growing investment in artificial intelligence (AI) infrastructure is emerging as a growth catalyst for the company, and it's why UBS analyst David Vogt sees more upside within the next year.The analyst maintained the firm's buy rating on the shares but raised the price target from $113 to $141.
Open FlipDespite its recent pullback, the S&P 500 is still up 5% year to date (as of this writing). But not all businesses have continued to rally alongside the broad market.McDonald's (NYSE: MCD), arguably the most well-known restaurant chain on the face of the planet, is one such laggard. Its shares have dipped 8% since they hit a fresh all-time high in January, leaving them down 7% year to date.
Open FlipA lot of popular stocks in the market are extremely expensive, with price-to-earnings multiples exceeding 30x. But Crocs (NASDAQ: CROX) has a low valuation at 9.5x earnings and expects to grow this year. In this video, Travis Hoium covers the value story for this consumer brand.*Stock prices used were end-of-day prices of April 19, 2024. The video was published on April 22, 2024.
Open FlipWhen you’re trading stocks or options, managing risk with a stop-loss is crucial. You might have noticed that some trading recommendations suggest setting stop-loss orders on a closing basis, while others recommend intra-day stop-losses. This difference raises an important question: which approach is better for options traders? In this blog, we’ll explain why stop-loss orders.
Open FlipThe University Grants Commission has warned the public against fake online programmes with abbreviations similar to recognised degree nomenclature, officials said, flagging a particular ”10-day MBA” course. "Some individuals or organisations are offering online programmes and courses with abbreviated forms similar to the higher education system’s recognised degree programmes.
Open FlipSakuma Exports Ltd has successfully signed a substantial deal worth around Rs 150 crore for the supply of sugar to the North East, West Bengal, and Bihar areas. This transaction increases its market position. Furthermore, the company said that Sakuma Exports Ltd is actively hunting for similar opportunities in northern India, aiming to expand its operations and capitalize on growing demand.
Open FlipLava International is hopeful of securing fresh funds from private equity investors within the ongoing fiscal year to grow its smartphone business, a top executive said. He added that the home-bred mobile phone maker has again started work to come out with an initial public offering (IPO) over the next two to three years.
Open FlipKorea is a difficult market for international exchanges to enter, but we are committed to working with regulators to advance the industry responsibly for Koreans,” the firm said in an email statement on Tuesday. “We will postpone our launch and take this opportunity to make sure Korean regulators understand our thorough policies, procedures, systems and controls,” it added.
Open FlipThe advent of artificial intelligence (AI) over the past year or so has given investors much to consider. Yet it's important to remember that, in most cases, AI is just one part of a much larger puzzle, with each piece contributing something to the overall picture.Keybanc analyst Justin Patterson raised his price target to $175 on Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) stock.
Open FlipThe New York Stock Exchange (NYSE) is considering 24-hour stock trading, aiming to mirror the uninterrupted trading environment of cryptocurrency markets.The exchange has launched a survey to gauge market interest and determine safeguards for such an expansion.This initiative is a response to the growing trend of extended trading hours on platforms like Robinhood and Interactive Brokers.
Open FlipNifty on Tuesday ended 32 points higher to reclaim its level above 20-DEMA placed at 22,309 and form a small negative candle, which is indicating ongoing range bound movement in the market.The near-term uptrend status of Nifty remains intact and the short-term trend is choppy. Further consolidation or minor dip could be a buying opportunity.
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