Bank Nifty, Nifty rollover data suggests aggressive long bets for April
Thu, Mar 28, 2024 11:42 AM

Bank Nifty, Nifty rollover data suggests aggressive long bets for April

Nifty and Bank Nifty rollover D-1 (one day to expiry) data shows longer bets are building up with a rise in rollover costs. Rollovers to the April series of the Nifty were at 62 percent at a roll cost of 0.7, both lower than the 68 percent rollover at a roll cost of 1 in the previous series. The index is expected to surge towards 47,700-48,000 in the short term, with 46,600 remaining.

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Multibagger! Up over 1200%, penny stock Frontier Capital turned  ₹10,000
Thu, Mar 28, 2024 11:41 AM

Multibagger! Up over 1200%, penny stock Frontier Capital turned ₹10,000

Penny stock Frontier Capital has delivered extraordinary multibagger returns just in the last 1 year, surging from ₹2.5 in March 2023 to approximately ₹33.2 at present. This translates to an impressive return of nearly 1228 percent.If an investor had allocated ₹10,000 to this stock in March last year, the initial investment would have grown to ₹1.32 lakh by now.

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RBI gives banks and NBFCs a breather on AIF investments
Thu, Mar 28, 2024 11:40 AM

RBI gives banks and NBFCs a breather on AIF investments

The Reserve Bank of India Wednesday cushioned the blow on banks and NBFCs that invest in Alternative Investment Funds (AIFs). The investments will exclude equity investments, but debt and hybrid instruments will continue to face additional curbs the regulator had announced earlier.It also eased the provisioning requirements, giving relief to banks at the end of the fiscal year.

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Smallcap stock investors hit Rs 26 lakh-crore jackpot in FY24
Thu, Mar 28, 2024 11:39 AM

Smallcap stock investors hit Rs 26 lakh-crore jackpot in FY24

Small(cap) is beautiful even if expensive. This has been the money-making mantra of Dalal Street's fast-growing retail army of investors who have been rewarded with handsome gains of Rs 26 lakh crore in FY24. Warnings of froth from markets regulator Sebi, value investors or brokerages and stress tests by mutual funds did little to loosen the hold of 'The God of Small Things'.

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BHEL shares climb over 4% on receiving Rs 4,000 crore order from Adani Port
Thu, Mar 28, 2024 11:38 AM

BHEL shares climb over 4% on receiving Rs 4,000 crore order from Adani Port

Shares of State-owned PSU BHEL rose over 4% to Rs 253.3 in Thursday's trade on BSE after the company received a Rs 4,000-crore order from Adani Power. We have received an order from Adani Power for setting up the 2x800 MW Raigarh Phase-II thermal power plant at Raigarh, Chhattisgarh, the company said in its release.BHEL received the letter of award (LoA) for the supply of equipment.

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ICICI Securities delisting gets nod from institutional investors
Thu, Mar 28, 2024 11:36 AM

ICICI Securities delisting gets nod from institutional investors

Despite resistance from retail investors, institutional shareholders gave the green light to the proposal to delist ICICI Securities and merge it with its parent company.As much as 83.8 per cent of public institutional shareholders voted in favour of the proposal while 67.8 per cent of public non-institutional shareholders voted against the proposal.

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Bernstein raises target price for Sona BLW on positive EV outloo
Thu, Mar 28, 2024 11:35 AM

Bernstein raises target price for Sona BLW on positive EV outloo

Global brokerage Bernstein raised its target price on Sona BLW Precision Forgings as the automotive systems and components manufacturer was on the "right side of auto disruption". Bernstein raised its target price on the company to Rs 780 from Rs 770 earlier, implying an upside of 14.5 percent. The brokerage maintained its 'outperform' rating.

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India Cements plans to raise up to Rs 750 crore via bonds
Thu, Mar 28, 2024 11:34 AM

India Cements plans to raise up to Rs 750 crore via bonds

MUMBAI: India Cements, one of the leading manufacturers of the primary building material in the peninsula, is looking to raise as much as ₹750 crore in bonds and has mandated ICICI Bank and EY to arrange for the debt from lenders including private credit funds.The debt, which might be priced north of 15%, will be used to fund working capital and capital expenditure.

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Multibagger Stock: Gravita India gained 992% in 3 years
Thu, Mar 28, 2024 11:31 AM

Multibagger Stock: Gravita India gained 992% in 3 years

Shares of Gravita India, one of the largest lead producers in India, have been generating phenomenal returns consistently over the last three years.  The company's shares, previously valued at ₹91 each three years ago, have surged by an impressive 992%, to ₹994 now. Furthermore, from their low point of ₹32.30 per share in March 2020, they have skyrocketed by 2977% to date.

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Stock market today: Sensex, Nifty 50 jump over 1% each
Thu, Mar 28, 2024 11:28 AM

Stock market today: Sensex, Nifty 50 jump over 1% each

The Indian stock market indices, Sensex and Nifty 50, traded over a percent higher on Thursday led by across-the-board gains amid mixed global market cues. The Sensex jumped 785.26 points, or 1.08%, to 73,781.57, while the Nifty 50 was trading 234.30 points, or 1.06%, higher at 22,357.95.All the sectoral indices traded higher with Nifty Metals, Nifty PSU Bank, Nifty Financial Services, Nifty IT.

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Hot Stocks: Brokerages view on Avenue Supermarts, Bajaj Finance, ICICI Bank
Thu, Mar 28, 2024 11:25 AM

Hot Stocks: Brokerages view on Avenue Supermarts, Bajaj Finance, ICICI Bank

Brokerage firm maintained a buy rating on Sun Pharma, ICICI Bank, JPMorgan, Avenue Supermarts: 📌Citigroup maintained a buy rating on ICICI Bank with a target price of Rs 1322. 📌JPMorgan maintained an overweight rating on Bajaj Finance with a target price of Rs 8500. 📌CLSA maintained a buy rating on Avenue Supermarts but raised the target price to Rs 5307 from Rs 5107 earlier.

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GOCL Corporation share price jumps 20% on MoU with Squarespace Builders
Thu, Mar 28, 2024 11:23 AM

GOCL Corporation share price jumps 20% on MoU with Squarespace Builders

GOCL Corporation share price surged nearly 20% on Thursday's session after the Hinduja Group company said that it has signed an initial deal with Squarespace Builders, a company based in Hyderabad, to begin the strategic monetisation of about 264.50 acres of prime land in Kukatpally for ₹3,402 crores. GOCL Corp share price opened at an intraday high of ₹453.35 apiece on BSE.

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Kalpataru Projects International, arms bag orders worth Rs 2,071 crore
Thu, Mar 28, 2024 11:22 AM

Kalpataru Projects International, arms bag orders worth Rs 2,071 crore

Kalpataru Projects International and its arms have bagged orders worth Rs 2,071 crore, according to a statement on Thursday. The statement said the new orders include orders in the Transmission & Distribution (T&D) business in overseas markets. Besides it has also got an order for design & construction of an underground metro rail project in India.

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Titan bags ‘buy’ call from Motilal Oswal on strong growth outlook
Thu, Mar 28, 2024 11:17 AM

Titan bags ‘buy’ call from Motilal Oswal on strong growth outlook

The share price of Titan witnessed a slight increase to Rs 3,760 per share when Motilal Oswal analysts rated it as a 'buy'. The analysts predicted a vigorous growth outlook for the company and set a target price of Rs 4,300, which implies a 14% increase from the current level. However, later on, the stock lost its gains and fell by almost 0.2% as of 09:35 am.

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15 Daniel Kahneman essential quotes for decision-making, investing
Thu, Mar 28, 2024 11:16 AM

15 Daniel Kahneman essential quotes for decision-making, investing

Renowned Israeli-American psychologist and Nobel laureate Daniel Kahneman, whose groundbreaking work in the fields of behavioural economics and cognitive psychology vastly improved the understanding of human decision-making, passed away on March 27. He was 90. Kahneman was born on March 5, 1934. In 2011, he published his bestseller Thinking, Fast and Slow, which offered an exploration.

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