Page 1212 - Markets News
Apar Industries rallies 7% on fund raising plan; stock zooms 357% in 1 year
The board of directors of the company is scheduled to meet on Thursday, September 28, 2023 to consider fund raising plans
 "Apar Industries rallies 7% on fund raising plan; stock zooms 357% in 1 year")
Jefferies is bullish on these two 2-wheeler makers, sees up to 23% upside
Analysts at Jefferies, believe that the time is ripe to buy Eicher Motors given alleviating competitive concerns, along with tailwinds of 2W demand recovery, industry premiumization and exports.
 "Jefferies is bullish on these two 2-wheeler makers, sees up to 23% upside")
Delta Corp sinks 23% in 2 days post tax notice; Kacholia sells 0.6% equity
The stock was quoting at its lowest level since December 2020 after the company received a tax notice amounting to Rs 16,822 crore last Friday, September 22.
 "Delta Corp sinks 23% in 2 days post tax notice; Kacholia sells 0.6% equity")
India's inclusion in the bond index will increase investor vigilance
For the fast-growing economy that typically runs a current-account deficit, the decision opens the door to as much as 10% of the $236 billion of assets at funds
 "India's inclusion in the bond index will increase investor vigilance")
Stocks to Watch today: Banks, Nuvama Wealth, RIL, Tata Steel, Strides, M&M
Stocks to watch on Tuesday, September 26, 2023: Shares of bank, mainly state-run, are likely to be in focus amid reports that the government may spend up to Rs 60,000 crore to provide subsidised loans
 "Stocks to Watch today: Banks, Nuvama Wealth, RIL, Tata Steel, Strides, M&M")
Nifty Pvt, PSU Bank indices: What should be your trading strategy here?
According to Ravi Nathani, an independent technical analyst, one should adopt a 'Buy on Dips' strategy for Nifty Private Bank index, while a 'Sell on Rise' strategy in case of the PSU Bank index.
 "Nifty Pvt, PSU Bank indices: What should be your trading strategy here?")
Is Bajaj Fin preparing to fight Jio Fin with fund raise? Analysts weigh in
The Board of Bajaj Finance is scheduled to meet next week to consider proposal for raising of funds through any or all of various methods including by way of preferential issue or QIP
 "Is Bajaj Fin preparing to fight Jio Fin with fund raise? Analysts weigh in")
HDFC Securities looks to gain active clients with a new trading app
With the launch, the broker will be competing with low-price broking services with a flat pricing of Rs 20 per all intraday trades and delivery
 "HDFC Securities looks to gain active clients with a new trading app")
Manoj Vaibhav's IPO subscribed nearly 58% on the second day of offer
The initial share sale received bids for 53,05,203 shares against 91,20,664 shares on offer, as per NSE data
 "Manoj Vaibhav's IPO subscribed nearly 58% on the second day of offer")
Rockingdeals Circular Economy files IPO papers to further brand positioning
B2B re-commerce player Rockingdeals Circular Economy Ltd (RDCEL) on Monday said it has filed draft papers to raise funds through an Initial Public Offering (IPO)
 "Rockingdeals Circular Economy files IPO papers to further brand positioning")
Sensex, Nifty snap 4-day losing run; Bajaj Fin gains 4.5%, IT stocks weigh
Closing Bell on September 25, 2023: The broader markets ended with steady gains with the BSE MidCap index advancing 0.46 per cent, and the BSE SmallCap 0.12 per cent
 "Sensex, Nifty snap 4-day losing run; Bajaj Fin gains 4.5%, IT stocks weigh")
Sugar shares in focus; Balrampur, Dwarikesh, Dhampur, Dalmia rally up to 8%
Dalmia Bharat said the outlook for the FY2023-24 seems stable as there will be less pressure on stock levels and the company can expect improved profitability and realizations
 "Sugar shares in focus; Balrampur, Dwarikesh, Dhampur, Dalmia rally up to 8%")
Pricey valuations threaten best Indian media stocks rally in 14 years
Optimists are focusing on the upcoming pipeline of movies, two of which feature India's biggest superstars, and a potential boost to advertisement spending
 "Pricey valuations threaten best Indian media stocks rally in 14 years")
Strides Pharma soars 8% on USFDA nod for drug to treat heart diseases
Meanwhile, Strides said the board is scheduled to meet on September 25, to consider the combine CDMO interests of the group to become one of India's top specialty pharmaceuticals CDMOs
 "Strides Pharma soars 8% on USFDA nod for drug to treat heart diseases")
Nomura retains negative view on rupee despite JPMorgan index inclusion
Actual inflows may be smaller with some real money managers that they tracked already invested about 2%-3% on average, the brokerage said
 "Nomura retains negative view on rupee despite JPMorgan index inclusion")
Apollo Micro surges 10% on inking multiple agreements with DRDO
The company also announced that it recently was declared as the lowest bidder in multiple projects from the DRDO and another government sector company.
 "Apollo Micro surges 10% on inking multiple agreements with DRDO")
JPMorgan M&A head Aiyengar sees up to $150 billion funds focused on India
The New York-based banker pointed to India's fast-rising GDP among the attributes that make it so attractive
 "JPMorgan M&A head Aiyengar sees up to $150 billion funds focused on India")
NSE on its way to extend trading hours for F&O, awaiting Sebi nod
The National Stock Exchange (NSE) has already submitted a proposal to the market regulator Securities and Exchange Board of India (SEBI)
 "NSE on its way to extend trading hours for F&O, awaiting Sebi nod")
Bajaj Finance, SBI, Inox Green: Trading strategies for stocks in news
Among the stocks in focus on Monday, Shree Renuka Sugars looks strong on charts, while Inox Green Energy seems weak.
 "Bajaj Finance, SBI, Inox Green: Trading strategies for stocks in news")
Delta Corp tanks 15%, hits 52-week low on tax notice of Rs 16,822 crore
Delta Corp said the amounts claimed in the DG Notices are inter alia based on the gross bet value of all games played at the casinos during the relevant period
 "Delta Corp tanks 15%, hits 52-week low on tax notice of Rs 16,822 crore")