Stock Market Live Updates: Asia stocks gain on bullish tailwind from US rally
06 November 2023 (Today) Derivative Segment • Bharat Forge Limited • Divi’S Laboratories Limited • Exide Industries Limited • Hindustan Petro Corp Limited • Ujjivan Financial Services Ltd Cash Segment • Adani Energy Solutions Ltd • AIA Engineering Ltd. • Bikaji Foods International Ltd. • Borosil Renewables Ltd. • Dalmia Bharat Sugar Ltd. • Emami […]
REITs, InvITs collect ₹18,658 crore in Apr-Sep on robust infra demand
Strong demand for infrastructure investment, attractive returns, and favourable government policies have pushed fund mobilisation through listed REITs and InvITs to ₹18,658 crore in the April-September period of the current fiscal. This came following a fund collection of ₹2,596 crore through listed Infrastructure Investment Trusts (InvITs) in the entire 2022-23, although the amount mopped up […]
Protean eGov Technologies IPO opens on Monday: Should You Subscribe?
The IPO of Protean eGov Technologies (Protean) is open during November 6-8. The ₹489-crore issue is entirely an offer for sale by existing investors. The company is diversely held with no promoter group. Largest shareholder is NSE investments with a 24.77 per cent stake, while financial institutions such as SBI, HDFC Bank, Axis Bank, Bank […]
Better Q2 show drives Tata Motors stock
Shares of Tata Motors climbed nearly 5 per cent on Friday, after analysts reiterated their bullish stance after the company’s ‘strong’ Q2 financial performance. The auto major reported a consolidated net profit of ₹3,783 crore for the September quarter, driven mainly by the robust performance of its British arm Jaguar Land Rover, as against loss […]
Broker’s call: Chola Inv & Fin (Hold)
Target: ₹1,150 CMP: ₹1,134.60 Cholamandalam Investment and Finance Company’s (CIFC) AUM growth picked up further to 42 per cent YoY vs 40 per cent YoY (Q1FY24) led by strong growth in disbursements (up 47 per cent YoY). Disbursements grew by 47 per cent YoY led by growth across the segments. NIMs improved by 10 bps […]
Mamaearth IPO subscribed 7.6 times
Despite noise in the social media, the initial public offering of Honasa Consumer saw a strong response and subscribed 7.61 times on Thursday, the final day of bidding. The ₹1,701-crore initial public offering from the owners of famous Mamaearth outlets, received bids for 22 crore shares against an offer of about 2.9 crore shares. Retail […]
Angle One absorbs fintech firm DStreet Finance to target Gen Z investors
Online stock broking platform Angel One has absorbed the team of Bengaluru-based learning app Dstreet Finance, its first acquisition of a tech start-up team. This is to build an engagement platform and enhance its product offerings for the younger generation. The firm did not disclose the investment but said that it would absorb all the […]
At 83.29, rupee drops to record low against dollar
The rupee closed at a lifetime low at 83.29 per dollar as the greenback strengthened and US Treasury yields rose ahead of the Federal Open Market Committee’s policy decision. The Indian unit ended four paise weaker against previous day’s close of 83.25. The FOMC is likely to keep its rate on hold. Though there were foreign investor […]
Stocks that will see action today: November 1, 2023
Automobile stocks: A host of companies from automobile space such as Tata Motors, Maruti Suzuki, M&M, Ashok Leyland, Escorts, Eicher Motors, Bajaj Auto, TVS Motor, Hero MotoCorp and others will start declaring their monthly sales figures of October. Analysts expect a robust sales figures, due to festive season. Shares will react accordingly to their individual […]
GE T&D bags orders from Power Grid Corporation, shares rise
GE T&D India Ltd’s shares were up 4.99 per cent after the company won orders worth approximately Rs 500 crore from Power Grid Corporation of India (PGCIL). The contract involves the supply of 765 kV Power Transformers and Shunt Reactors for transmission system projects, primarily in Rajasthan. Sandeep Zanzaria, MD & CEO of GE T&D […]