Motilal Oswal forecasts a lucrative 108% upside in a packaging stock! 🤯
Wed, Apr 12, 2023 7:30 PM

Motilal Oswal forecasts a lucrative 108% upside in a packaging stock! 🤯

Don't miss out on the huge 108.23% upside potential for a packaging stock! Motilal Oswal sees this as a lucrative opportunity for investors. Get ahead of the game by signing up to FlipItPro and receiving real-time insights from over 60+ SEBI-approved brokers directly on WhatsApp. Become a Pro member now and start trading smarter!

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K Krithivasan will become the new CEO of TCS on June 1, 2023
Wed, Apr 12, 2023 7:15 PM

K Krithivasan will become the new CEO of TCS on June 1, 2023

Incoming Tata Consultancy Services CEO K Krithivasan will take over on June 1, with current CEO Rajesh Gopinathan remaining on until September 15 to assist with the transition. Hours after being selected as the company's CEO designate last month, 58-year-old Krithivasan declared there would be little to no organisational or strategic change after he assumed leadership.

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TCS attrition declining at 20.1%, Net 821 employee addition in Q4
Wed, Apr 12, 2023 7:00 PM

TCS attrition declining at 20.1%, Net 821 employee addition in Q4

The number of personnel at IT powerhouse TCS increased by a net 821 for the quarter that ended in March 2023 (Q4FY23). As of the end of March 2023, there were 614,795 people employed overall. On an LTM basis, the attrition rate for IT services decreased and was at 20.1%. TCS reported that for FY23, it added 22,600 net new employees. Around 44,000 freshmen have been enrolled.

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Maruti Suzuki collaborates with IDFC FIRST Bank to provide car financing
Wed, Apr 12, 2023 6:45 PM

Maruti Suzuki collaborates with IDFC FIRST Bank to provide car financing

Maruti Suzuki India and IDFC First Bank have signed an MoU to provide better car financing to their users. The collaboration with the bank would enable the business to increase its financing alternatives and give clients more flexibility and possibilities. The cooperation will enable the business better meet the varied needs of its clients and facilitate the process of buying a vehicle.

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Mukul Agrawal picks 1.4% holding in this microcap stock in Q4FY23
Wed, Apr 12, 2023 6:30 PM

Mukul Agrawal picks 1.4% holding in this microcap stock in Q4FY23

During the March quarter, renowned investor Mukul Agarwal purchased a 1.37% interest in De Nora, a developer of specialised electrochemical solutions. Mukul Agarwal now owns 72,785 shares of the corporation, according to the most recent holdings data available with the markets. De Nora India's stock soared about 12% during the day on Wednesday, closing at Rs 975 on the NSE.

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Investors clocks almost ₹13.71 lakh Cr in 8 days of market hike
Wed, Apr 12, 2023 6:15 PM

Investors clocks almost ₹13.71 lakh Cr in 8 days of market hike

The stock market continued to be positive for a record-setting eighth day, and investors made some substantial gains in their portfolios. Both the Sensex and the Nifty 50 finished above their psychological thresholds, at 60,392 points and 17,812, respectively. Mcap of BSE-listed companies increased by more than ₹13.71 lakh Cr to ₹265.65 lakh Cr, continuing their winning streak since March 29.

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Mold-Tek Technologies declares 100% dividend
Wed, Apr 12, 2023 6:00 PM

Mold-Tek Technologies declares 100% dividend

Mold-Tek Technologies, a small-cap company, closed today with a market valuation of 769 Cr. The Board of Directors of the Company declared an Interim Equity Dividend for the Financial Year 2022-23 @ 100% i.e. 2.00/- per equity share on the face value of 2.00/- per equity share at its meeting held today, i.e. 12th April 2023. The record date for the dividend will be April 21st, 2023.

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Adani Electricity Mumbai invested ₹1,310 Cr capex via internal accruals
Wed, Apr 12, 2023 5:45 PM

Adani Electricity Mumbai invested ₹1,310 Cr capex via internal accruals

Adani Electricity Mumbai Ltd, a power subsidiary of Adani Transmission Ltd, announced on Wednesday that it had completely funded its budgeted capital expenditure of ₹1,310 Cr for FY2023 from internal accruals, with no debt incurred. AEML's working capital loan was lowered to ₹500 Cr as of 31 March 2023 from ₹1,045 Cr in December 2022. Adani Electricity serves a 2,000 MW power demand in Mumbai.

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Max Healthcare Institute reaches a 52-week high on large deal
Wed, Apr 12, 2023 5:30 PM

Max Healthcare Institute reaches a 52-week high on large deal

Max Healthcare Institute reached a 52-week high of trading on April 12 after an open market transaction involving 1.8 Cr shares, equating to a 1.85% ownership. The transaction was completed at an average price of ₹451.5 per share, bringing the total deal value to ₹807.1 Cr. Yet, the buyers and vendors could not be recognised right away. Max Healthcare closed 6.23% higher at ₹ 479.

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Yes Securities raises target price on Paytm
Wed, Apr 12, 2023 5:15 PM

Yes Securities raises target price on Paytm

Today, Paytm ended negative as investors booked gains. The equity has soared by more than 6.5% over the last 7 trading days. Yes Securities has raised its target price from ₹600 to ₹700/share citing that Paytm is projected to report robust sequential revenue growth as a result of consistent loan disbursements and the inclusion of new devices. Yes Securities, however, maintains a 'neutral' rating.

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Agritech startup INI Farms secures $1.95 Mn from Aavishkaar Capital
Wed, Apr 12, 2023 5:15 PM

Agritech startup INI Farms secures $1.95 Mn from Aavishkaar Capital

INI Farms has received $1.95 million from Aavishkaar Capital's ESG First Fund. The funds will be used to achieve multifold expansion, expand throughout the full agriculture output business, and exploit current supply chain capabilities. Kimaye wants to develop a tech-driven worldwide fruit brand. It serves the agro-markets of 35 nations via the website FruitRoute and other eCommerce platforms

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Eurozone bond yields rise ahead of key CPI data
Wed, Apr 12, 2023 5:00 PM

Eurozone bond yields rise ahead of key CPI data

Eurozone government bond rates edged up, ahead of key US inflation data due later in the afternoon, which could indicate when the Federal Reserve would end its rate hike cycle. The 10-year government bond yield in Germany, the eurozone's benchmark, went up 2.5 bps to 2.329%. The two-year yield in Germany, which is susceptible to fluctuations in interest rate forecasts, went up 5 bps to 2.756%.

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Multibagger stock hits a new 52-week-high, announces stock split date
Wed, Apr 12, 2023 5:00 PM

Multibagger stock hits a new 52-week-high, announces stock split date

Goyal Aluminiums' Board set April 25th, 2023 as the record date for determining member eligibility for the purpose of subdividing the company's equity shares from face value of ₹10 each fully paid-up to face value of ₹1 each fully paid. The shares of the company hit a new 52-week high of ₹359.80 during afternoon trades and closed on NSE at ₹359.75, a 0.84% increase from the previous close.

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India’s debt continues to mount, still remains lower than other countries
Wed, Apr 12, 2023 4:40 PM

India’s debt continues to mount, still remains lower than other countries

Motilal Oswal stated that while India's NFS debt remains high when compared to other emerging countries, it is significantly lower than that of major economies like US, UK, Japan, Eurozone and China. Except for China, major nations' debt:GDP have peaked. In comparison, India's debt:GDP has fallen to 161.6% in the December 2022 quarter, making it the least leveraged nation among the larger ones.

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ONGC shares slip after investors book profit
Wed, Apr 12, 2023 4:25 PM

ONGC shares slip after investors book profit

ONGC shares closed lower on April 12 as investors booked profits after the stock surged nearly 6% in the previous two sessions. The stock has risen in the last two days after the government accepted key recommendations from the Kirit Parikh panel on the pricing of natural gas produced from administered price mechanism fields owned by public sector undertaking companies.

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