Page 39 - Stock Market Today

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)

Shares of Sula Vineyards soars 20% extending two day gains to 33.6%

Maharashtra accounts for about half of Sula's revenues and close to 60 per cent of its operating profit

CERC's new draft electricity tariffs: Little change for power utilities

Among companies, the Power Grid will see a minimal impact since most of its new assets are being built via competitive bidding

Multiple margin levers ahead for food delivery platform Zomato's stock

It had begun levying a convenience fee of Rs 2 per order from August 2023, which was subsequently raised to Rs 3 per order

Largecap, midcap cutoff surges over 26% in latest Amfi classification

PSUs dominate list of upgrades, 5 PSBs upgraded to largecaps in last 1 year

Tata Steel stock: Is it a buy, hold or a sell?

Near-term upside may be limited as the stock is trading above consensus target price of analysts

SC directs govt, Sebi to consider suggestions on regulatory reforms

Expert committee formed to probe Adani matter had submitted a slew of suggestions in May 2023

Sebi moderates approach in market rumour verification for listed firms

A direct, price-based trigger for verifying market rumours rather than asking for responses on events will address some of the issues of subjectivity

Bajaj Auto board to consider share buyback on Jan 8, stock jumps over 5%

Under the Securities and Exchange Board of India (Sebi) regulations, the maximum limit for a buyback is 25 per cent or less of the paid-up capital and free reserves in that financial year

Robust prospects fortify NMDC stock; India's steel demand may stay strong

NMDC's FY24 iron-ore production (April-November) stood at 27.3 million tonnes (MT) up 17.1 per cent year-on-year (Y-o-Y) while sales volume grew 24.8 per cent Y-o-Y to 28.1 MT

Record buyback of Rs 47,810 cr by 48 firms in 2023, highest in 6 yrs

A buyback is a process a company employs to repurchase its shares from stakeholders

Strong visibility over growth, costs drive up CIL stock to record high

The e-auction premium over the fuel supply agreement (FSA) price has improved to between 80-100 per cent which means higher blended realisation compared to June-July premiums of around 60 per cent

Record FPI inflows in debt market mark over 6-year high in December

FPI inflows into debt stood at Rs 18,393 crore in December, against Rs 14,106 crore in November, according to data on the National Securities Depository Limited