Hot Stocks: Brokerage view on Paytm, Havells, Sanofi and TCS
Tue, Feb 27, 2024 11:32 AM

Hot Stocks: Brokerage view on Paytm, Havells, Sanofi and TCS

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:UBS on TCS: Buy | Target: Rs 4,700UBS upgraded TCS to a buy and raised the target price to Rs 4,700 from Rs 4,050 earlier. The global investment bank lifts FY25/26 EPS estimates by 3-9%.See enough drivers to deliver industry-leading growth and margins.

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JSW Energy shares gains after subsidiary bags order from SJVN
Tue, Feb 27, 2024 11:31 AM

JSW Energy shares gains after subsidiary bags order from SJVN

JSW Energy Limited shares traded 2 percent higher on February 27 morning after the company said its wholly owned subsidiary, JSW Neo Energy Limited, received an order for ISTS-connected solar capacity of 700 MW from SJVN. The project is required to supply power of full contracted capacity within 24 months, the company said in a regulatory filing. 

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PMS AIF Summit: ICICI prudential AMC's Anand Shah
Tue, Feb 27, 2024 11:30 AM

PMS AIF Summit: ICICI prudential AMC's Anand Shah

Stock markets can be fickle, but there are a couple of things constant about them—wealth creation and volatility. And investors need to pay heed to those, says Anand Shah, CIO, Alternatives, ICICI Prudential. Shah was speaking about changing trends in the market and what it means for investors at the PMS AIF World's 5th Annual Summit.

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Dollar retraces despite Fed remains hawkish
Tue, Feb 27, 2024 11:27 AM

Dollar retraces despite Fed remains hawkish

By Gaurang Somaiya Rupee consolidated in a narrow range and volatility remained low ahead of the important RBI and Fed meeting minutes that was released last week. On the domestic front, the RBI meeting minutes showed that the governor reiterated about the current setting of policy is moving in right direction with growth holding firm and inflation nearing the bank’s target.

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Exicom Tele-Systems IPO: Issue fully subscribed, retail portion booked 3...
Tue, Feb 27, 2024 11:27 AM

Exicom Tele-Systems IPO: Issue fully subscribed, retail portion booked 3...

The Rs 429-crore IPO of Exicom Tele-Systems was fully subscribed within hours of opening on February 27, with retail investors and HNIs lapping up their quota of shares. The portion set aside for retail investors was booked three times, while high net-worth individuals (HNIs) picked 1.17 times their allotted quota of shares. About 75 percent of the initial public offering of the Gurugram.

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Platinum Industries IPO fully booked in less than an hour of opening
Tue, Feb 27, 2024 11:25 AM

Platinum Industries IPO fully booked in less than an hour of opening

Platinum Industries IPO subscription status: Platinum Industries IPO was fully booked within the first hour of its opening owing to strong response from retail investors and non institutional investors (NIIs). Platinum IPO subscription status was 1.55 times, at 11:12 IST, as per BSE data. Platinum IPO's retail portion was subscribed 2.25 times, the NII portion was booked 1.99 times.

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Zenith Drugs stock lists at 39% premium to IPO price on NSE SME
Tue, Feb 27, 2024 11:22 AM

Zenith Drugs stock lists at 39% premium to IPO price on NSE SME

Zenith Drugs made a strong debut, listing at a 39.2 percent premium to the IPO price on February 27. The stock opened at Rs 110 against the issue price of Rs 79 on the NSE SME platform. Ahead of the listing, the stock was commanding a 44 percent premium in the grey market, which is an unofficial ecosystem where shares start trading before the allotment in the IPO and until the listing day.

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Dixon Technologies, Whirlpool: Jefferies downgrades to underperform
Tue, Feb 27, 2024 11:20 AM

Dixon Technologies, Whirlpool: Jefferies downgrades to underperform

Dixon Technologies (India) and Whirlpool of India have been downgraded by Jefferies India to ‘Underperform’ ratings in the small and mid-cap stocks space (SMID) post-December quarter performance. During the October- December 23 quarter, companies under coverage of Jefferies posted a strong profit before tax growth of 24% year-on-year, which as per Jefferies was driven by capex.

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PNC Infratech shares climb 5% after company secures order worth  ₹699 cr!
Tue, Feb 27, 2024 11:19 AM

PNC Infratech shares climb 5% after company secures order worth ₹699 cr!

Shares of PNC Infratech, an infrastructure company, surged by 5% to reach an all-time high of ₹469 per share during Tuesday's intraday trading session. This spike came after the company in an exchange filing said that it had been awarded a Letter of Acceptance from the Madhya Pradesh Public Works Department. 

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Pizza, burger or chicken? Rs 80,000 crore question haunting investors!
Tue, Feb 27, 2024 11:16 AM

Pizza, burger or chicken? Rs 80,000 crore question haunting investors!

As the competition among quick service restaurants (QSRs) heats up, will the good old pizza lose out to other comfort foods like burgers, fried chicken, or biryani in the hunger game? This is an Rs 80,000 crore question for investors in 5 listed QSR stocks. December quarter earnings showed flat sequential growth trends for QSRs as dine-in footfalls remained lower and demand dipped further Diwali.

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MCX shares jump 2% on collaboration pact with Jakarta Futures Exchange
Tue, Feb 27, 2024 11:15 AM

MCX shares jump 2% on collaboration pact with Jakarta Futures Exchange

Shares of Multi Commodity Exchange (MCX) jumped 2 percent in early trade on February 27. MCX and the Jakarta Futures Exchange (JFX), the largest exchange in commodity and derivatives market in Indonesia, have entered into a contract to help enhance collaboration in key areas, including knowledge sharing, research, education, training, awareness creation, and other market development initiatives.

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Stock market today: Sigachi Industries share price hits 52-week high!
Tue, Feb 27, 2024 11:14 AM

Stock market today: Sigachi Industries share price hits 52-week high!

Stock market today: Sigachi Industries share price witnessed strong buying interest among Dalal Street bulls in early morning session on Tuesday. Sigachi Industries share price today opened upside and went on touch an intraday high of ₹95.90 apiece on NSE, logging an intraday gain of nearly 6.50 percent wiithin few minuters of the opening bell.

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FPI holdings of Indian stocks dip to a decadal low of 16.3%
Tue, Feb 27, 2024 11:14 AM

FPI holdings of Indian stocks dip to a decadal low of 16.3%

The aggregate holdings of foreign portfolio investors (FPIs) in the Indian stock market decreased to a decadal low. The FPIs now hold around ₹62 lakh crore worth Indian stocks as of January 2024-end, against the aggregate market capitalisation of ₹380 lakh crore.This implies that FPI holdings in Indian equities fell further to 16.3% at the end of January 2024.

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GPT Healthcare IPO allotment finalised
Tue, Feb 27, 2024 10:40 AM

GPT Healthcare IPO allotment finalised

GPT Healthcare IPO allotment: After receiving a decent response from investors during the bidding period from February 22 to February 26, attention now turns to the allotment of GPT Healthcare.The allotment for the GPT Healthcare IPO is likely to be finalised today. Investors can check their allotment status on the registrar, Link Intime India Private Limited and the BSE website. 

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Deem Roll Tech shares list at 55% premium on NSE SME
Tue, Feb 27, 2024 10:30 AM

Deem Roll Tech shares list at 55% premium on NSE SME

The shares of Deem Roll Tech debuted with a premium of 55% on the NSE SME platform on Tuesday. The stock listed at Rs 200 as against an offer price of Rs 129.Ahead of the listing, the company's stock traded with a premium of Rs 88 in the unlisted market.The IPO, which is entirely a fresh equity issue of 22.68 lakh shares, received a healthy response from investors.

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