Page 1106 - Markets News

Analysts remain selective on space-related stocks as govt eases FDI norms

Valuations wise, most are trading at price to equity multiples of 50-100 times on a 12-month trailing basis, data from BSE shows. Apollo Micro Systems, for instance, commands a PE of 152 times

National Stock Exchange tweaks methodology for inclusion of companies

Lays more emphasis on 'free-float' mcap as selection criteria for small and midcap index

Exicom Tele-Systems IPO subscribed 10 times on first day of bidding

The Rs 429 crore-IPO received bids for 18,23,99,200 shares against 1,82,23,540 shares on offer, translating into 10.01 times subscription, according to NSE data

Sona BLW rallies 13% in 3 days on positive outlook; hits 23 month high

With five new Battery Electric Vehicles (BEV) program wins, the net order book of the company's order book rose to record levels of Rs 24,000 crore in Q3FY24 from Rs 21,500 crore in Q2FY24

Sensex snaps 2-day losing run, gains 305 pts; broader indices in red

Stock market highlights on Tuesday, February 27: The Nifty50 shut shop 76 points higher at 22,198

Stock of this company tanked 46% in 1 wk after promoter offloaded 10% stake

Shares of BGR Energy Systems were locked in the 20-per cent lower circuit at Rs 60.95 on the National Stock Exchange (NSE) on Tuesday

ICICI Lombard hits new high; stock surges 5% on heavy volumes

Till 11:54 AM; a combined 8.77 million equity shares representing 1.8 per cent of total equity of ICICI Lombard changed hands on the NSE and BSE, data shows.

Whirlpool India hits 6-year low; stock dips 6% on brokerage downgrade

Jefferies has downgraded the household appliance maker to 'underperform' from 'hold', cutting the target price to Rs 1,125 from Rs 1,265.

Andhra Cements slips 5%, erases losses later as Promoter begins stake sale

Sagar Cements Ltd, the promoter entity, intended to sell the equity shares via OFS route to comply with the requirements of minimum public shareholding

Rail shares in focus after PM flags-off Rs 41K cr projects; RailTel up 16%

Shares of RailTel zoomed nearly 16 per cent in intra-day deals on Tuesday and have gained over 43 per cent so far this calendar year.

Hind Rectifiers freezes at 10% upper circuit on order win from Indian Rlys

Hind Rectifiers has secured supply orders from Indian Railways worth more than Rs 200 crore for financial year 2024-25 (FY25)

AMC shares scale 52-week highs; HDFC, Nippon, Aditya Birla rally up to 5%

Shares of asset under management (AMC) companies were in demand on Tuesday as robust systematic investment plan (SIP) inflows helped sustain assets under management (AUM) growth momentum in January.

CMS Info Systems drops 7% after 43 mn shares change hands via block deal

The shares, however, were quick to recover from their lows to trade just 1 per cent lower (at Rs 393 per share) at 10:05 AM.

Paytm exhibits volatility day after Vijay Shekhar Sharma exits PPBL board

Vijay Shekhar Sharma on Monday stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited (PPBL).

Stocks to watch: Paytm, Voda Idea, CMS Info, Canara Bank, Andhra Cements

Stocks to watch on February 27, 2024: Vodafone Idea is likely to raise equity from new investors, diluting the stakes of existing shareholders when its board meets today

Nifty PSU Bank, Financial Services Indices may exert downward pressure

According to Ravi Nathani, an independent technical analyst, Nifty Financial Servies Index can be short with a stop at 20,800, while selling pivot for the PSU Bank index stands at 7,136.

Subhash Chandra 'not cooperating' with investigation, says Sebi

SAT to hear the matter next on March 8, gives 10 days to Sebi to file reply

Strong Q4 powers ABB India, but near-term positives seem priced-in

ABB India (ABB) has leveraged demand from quality players to manage deeper penetration across market segments and localisation has helped cut costs, leading to better margins

Paints shares lose sheen post Birla Opus launch; Asian Paints at 10-mth low

CLSA downgrades Asian Paints to 'sell'

Fundraising via QIPs gain traction as India Inc looks for growth capital

Supportive markets, robust growth outlook ensure adequate demand for new paper supply