Page 38 - Stock Market Today

Near-term margin pressures to persist for Tata Communications stock

The consolidated operating profit grew 12 per cent Q-o-Q to Rs 1,130 crore led by Kaleyra, which turned the operating profit positive

BSE, NSE to open on January 20 for special trading session: Check details

The development follows after discussions with markets regulator Securities and Exchange Board of India and the advisory committee to check the preparedness of market infrastructure institutions

NHPC OFS booked 2.3x, institutional buyers bid for 802 million shares

Through the OFS, the government was looking to divest nearly 3.5 per cent stake in the hydropower firm

NSE retains largest derivative exchange tag for the fifth consecutive year

The exchange ranked third in the world in the equ­ity segment by num­ber of trades in 2023

Individual investors' share in AIF commitments at 40%, shows data

Though the minimum investment for AIFs is Rs 1 crore, two-thirds of the total investors have committed to a higher ticket denomination of Rs 5 crore or more

Reddit to launch IPO, first social media offering since Pinterest, in March

It would be first IPO of a major social media company since Pinterest's debut in 2019, and would come as Reddit and its peers face stiff competition for advertising dollars from likes of TikTok & FB

Strong growth rates in Q3FY24 hold more target gains for ICICI Lombard

The growth may be driven by a pickup in the motor segment as competition eases and an increased focus on retail health. Merger synergies could result in higher yields

AIF returns trailed market in Dec, close-ended schemes see median return

Both long-short funds and long-only funds gave lower returns than Nifty, Sensex

Market analysts expect 'quality, growth' stocks to make comeback in 2024

Value investing expected to lag after close to three years of outperformance

PNC Infratech sale could lead to valuation upgrades for road assets

National highway bid pipeline has recovered from a low of Rs 15,900 cr in December 2023 to Rs 68,400 cr in January 2024

New milestone: Sensex, Nifty hit record highs as IT stocks extend gains

The Sensex crossed the 73,000 mark for the first time, the Nifty 50 index finished at 22,097

Growth in the discretionary segment key for Avenue Supermarts stock

Stable GMA share helped company report steady gross margins of 14.9% in Q3

IT stocks power tired markets to new highs; Sensex, Nifty gain over 1%

BSE IT index soars over 5%; analysts warn caution ahead

PSU stocks zoom past private sector peers on the bourses, shows data

Among the key reasons for the rally in PSUs are undervaluation and hopes of privatisation

Polycab India's stock sees 21% rout on allegations of tax evasion

Company refutes allegations; stock may underperform in near term

Sebi moots addl proposals on REITS, InvITs issuing subordinate units

The consultation paper has additional proposals for the proposed framework for issuance of subordinate units by REITs and InvITs

Nasdaq talks to India about overseas listings for local companies

Allowing Indian companies to list abroad on exchanges like Nasdaq will give them wider access to capital, Nasdaq's Executive Vice Chairman Edward Knight said in an interview

Nykaa sees sharp upswing on robust performance in the third quarter

Overall at the consolidated level, Nykaa expects overall NSV to grow at a mid-20s percentage rate and revenue to grow at a low-20s percentage rate on YoY basis in 3QFY24

Goldman Sachs bumps up benchmark Nifty 2024-end target to 23,500

Among the key themes identified by the brokerage are Make-in-India, defence, and energy transition

Titan's Q3 update: 22-23% growth in jewellery sales, strong store expansion

Store additions also looked healthy, with 21 net new Tanishq stores opened in Q3, taking the total Tanishq count to 466 (+43 in 9 months of FY24)