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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Chalet Hotels jumps 5% on board nod to QIP, floor price set at Rs 780.76
Thu, Mar 28, 2024 11:15 AM

Chalet Hotels jumps 5% on board nod to QIP, floor price set at Rs 780.76

Shares of Chalet Hotels jumped around 5 percent on March 28, extending the previous session's gains after the company's board of directors approved a proposal to raise funds through Qualified Institutional Placement (QIP). The floor price for the QIP has been fixed at Rs 780.76 per equity share, but the company can offer a discount of up to 5 percent.

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BHEL shares rise 2% on bagging Rs 4,000-crore order from Adani Power
Thu, Mar 28, 2024 11:13 AM

BHEL shares rise 2% on bagging Rs 4,000-crore order from Adani Power

The share price of Bharat Heavy Electricals Limited (BHEL) rose 2 percent in early trade on March 28 after the company received a Rs 4,000-crore order from Adani Power. At 9:20am, Bharat Heavy Electricals was quoting Rs 247.60, up Rs 4.70, or 1.93 percent, on he BSE. "We have received an order from Adani Power for setting up the 2x800 MW Raigarh Phase-II thermal power plant at Raigarh.

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Mahindra Lifespace stock rises 4% after purchasing land parcel in Bengal
Thu, Mar 28, 2024 11:11 AM

Mahindra Lifespace stock rises 4% after purchasing land parcel in Bengal

Shares of Mahindra Lifespace Developers advanced over 4 percent in the early trade on March 28 after the company announced purchasing a 2-acre plot of land in Whitefield in east Bengaluru. The land is estimated to have a developable potential of approximately 0.2 million square feet of saleable area and a gross development value of approximately Rs 225 crore, primarily comprising mid-premium.

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Hindustan Unilever weighs sale of Pureit water purifier business
Thu, Mar 28, 2024 11:10 AM

Hindustan Unilever weighs sale of Pureit water purifier business

Hindustan Unilever Ltd (HUL) is exploring a potential sale of its Pureit water purifier business and has held exploratory talks with a few prospective buyers, people aware of the development said. The talks are exploratory in nature and no formal decision on the sale of the Pureit business has been taken by HUL, the people cited above said, requesting anonymity.

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Banking stocks drive Sensex 350 pts higher, Nifty above 22,200
Thu, Mar 28, 2024 11:10 AM

Banking stocks drive Sensex 350 pts higher, Nifty above 22,200

Tracking positive cues from global peers and ahead of a key U.S. inflation reading, Indian shares opened higher on the final trading day of the financial year 2024, led by banking and financial stocks.The Sensex was trading 256 points or 0.36% higher at 73,265. Nifty50 was trading at 22,197, up 73 points or 0.33% at around 9.21 am.From the Sensex stock, Bajaj Finance, Bajaj Finserv, ICICI Bank.

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Which derivative strategy to use to trade Nifty's monthly expiry today?
Thu, Mar 28, 2024 11:09 AM

Which derivative strategy to use to trade Nifty's monthly expiry today?

The Indian equity benchmark opened higher on March 28, with the Nifty trading at around 22,188.80 on the monthly expiry day, up by 65.15 points from the previous close. Over the past week, the index has been trading sideways with a bullish undertone. Here is how Rahul Ghose, a derivatives expert and founder of Hedged.in, is positioning the Nifty for the expiry day:

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Indore civic body receives single bid for 18,000 sq metre land
Thu, Mar 28, 2024 11:08 AM

Indore civic body receives single bid for 18,000 sq metre land

Indore Municipal Corporation has received a single bid for auction of approximately 18,000 sq m of land of a private colony. The civic body had seized the land to recover property tax and other dues amounting to Rs 23 crore.IMC additional commissioner Abhilash Mishra said that one firm from Indore submitted a bid with a demand draft of about Rs 1.59 crore.

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Unsold housing stock down 16% YoY in Q1CY24 in Tier-1 cities
Thu, Mar 28, 2024 11:06 AM

Unsold housing stock down 16% YoY in Q1CY24 in Tier-1 cities

With housing sales witnessing strong momentum in the last two quarters, the unsold housing stock in the Tier 1 cities has seen a sharp decline of 16 percent on a year-on-year (YoY) basis in Q1 2024. The current inventory as of March 2024 stands at 4,81,566 units, according to an analysis by PropEquity, a real estate data analytics firm.

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Zydus Lifesciences up marginally despite 4 observations from USFDA
Thu, Mar 28, 2024 11:06 AM

Zydus Lifesciences up marginally despite 4 observations from USFDA

Zydus Lifesciences share price was up marginally in the early trade on March 28 despite the company receiving four observations from United States Food and Drug Administration (USFDA). At 9.31 am, Zydus Lifesciences was quoting at Rs 1,005, up Rs 5.40, or 0.54 percent, on the BSE. USFDA inspected at firm's Onco Injectable manufacturing plant in Ahmedabad from March 18 to 27.

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India among biggest losers of top 10 global markets in March as smallcap
Thu, Mar 28, 2024 11:06 AM

India among biggest losers of top 10 global markets in March as smallcap

Indian equities have been one of the biggest losers among the top 10 global markets in March, hit by a decline in sentiment towards small and mid-cap stocks. Returns in dollar terms have also been lower because of a depreciation in the rupee. So far in March, India's aggregate market capitalisation dropped by 1.6 percent in dollar terms, marking the steepest fall since October 2023.

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Buy or sell: Sumeet Bagadia recommends two stocks to buy on Thursday
Thu, Mar 28, 2024 10:50 AM

Buy or sell: Sumeet Bagadia recommends two stocks to buy on Thursday

Buy or sell stocks: The Indian stock market indices extended the rally on Thursday, with the benchmark Nifty 50 reclaiming the 22,300 level, amid mixed global market cues. Here are full details of Sumeet Bagadia’s stock recommendations for today: 1] NLC India: Buy at ₹233.10 | Target: ₹250 | Stop Loss: ₹226 2] Triveni Turbine: Buy at ₹546 | Target: ₹580 | Stop Loss: ₹530.

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IDFC First Bank shares slump 3.5% as Warburg Pincus affiliate exits
Thu, Mar 28, 2024 10:46 AM

IDFC First Bank shares slump 3.5% as Warburg Pincus affiliate exits

Shares of IDFC First Bank slumped 3.5 percent in opening trade on March 28 after a block deal valued at Rs 1,386 crore took place on the exchanges. Around 18.3 crore shares, representing a 2.6 percent stake, in IDFC First Bank changed hands in the transaction. At 09.19 am, shares of the private lender were trading at Rs 75.60 on the NSE.

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