Category: Uncategorized

Fintech unicorn MobiKwik is aiming to raise up to ₹880 crore via a fresh issue of shares in its upcoming initial public offering (IPO). The company’s board recently passed a resolution to raise ₹880 crore via fresh issue of shares. The fresh issue will also include a pre-IPO placement, according to the company filings with […]

The market regulator SEBI is in the process of giving in-principal approval to the joint venture between Jio Financial Services and BlackRock Financial Management for launching mutual fund business. The company filed an application with SEBI on October 19, 2023. Last July, Jio Financial Services announced that it is partnering with the US-based BlackRock Inc […]

CMS Info Systems Ltd.’s shares were up by 0.58 per cent after the company reported a 9.3 per cent year-over-year growth in retail consumption during the first half of FY24, based on an extensive analysis encompassing 11 consumer-facing sectors. The sectors include large format retail, jewellery, FMCG, e-commerce, hospitality, and aviation. The Retail Consumption Trends […]

India’s external balances remain favorable with a combination of low current account deficit, strong public market capital flows, adequate FX reserves and low external debt, Goldman Sachs said in a new report. “Combined with this, our expectations for a weaker dollar (on the back of our US economics team’s forecast for five Fed rate cuts […]

HDFC Bank said it acted as a sponsor and destination bank for “Trading supported by Blocked Amount in Secondary Market,” which kicked off on Monday on the Indian Stock Exchanges. SEBI and Stock Exchanges have permitted Trading in the Cash segment through a block mechanism, on an optional basis, for the Secondary Market from January 1, 2024. […]

Equity benchmark indices Sensex and Nifty kicked off 2024 on a flat note, with the 30-share index closing with marginal gains following some buying in energy, services and telecom counters. In a highly volatile trade, the Sensex gauge eked out a modest gain of 31.68 points or 0.04 per cent to settle at 72,271.94 after […]

Indian residents’ foreign assets increased by $6 billion in July-September 2023 due to the rise in currency and deposits as well as overseas direct investment, even though reserve assets and loans declined during the quarter, according to data released by the Reserve Bank of India. Net claims of non-residents rose marginally during the second quarter […]

The combined market valuation of eight of the top-10 most valued firms jumped ₹1,29,899.22 crore in a holiday-shortened last week, where equity benchmark indices recorded a sharp rally. Last week, the BSE benchmark jumped 1,133.3 points or 1.59 per cent. The index reached its all-time high of 72,484.34 on December 28. Equity markets were closed […]

I have shares of Vedanta Ltd. My average purchase price is ₹300. What is the long-term outlook for this stock? I can hold the stock for another year. Should I continue to hold or exit? Mahesh, Bengaluru Vedanta Ltd (₹256): The stock was in a downtrend since mid-April 2022. But the recent rise above ₹245 […]

Target: ₹3,700 CMP: ₹3,133.70 The company reported a robust growth outlook across all segments, resulting in strong earnings visibility from FY23 to FY26. The revenue contribution from the Railway and Mobility (R&M) division, which yields higher operating margins, is increasing. This is expected to improve the company’s operating profits moving forward. In FY23, its R&M […]