Page 35 - Stock Markets

High growth and margin expectations likely to drive Trent's stock

Sharp decline in interest costs (lease-related) and higher income from associates (including Zara) helped growth in net profit, which was ahead of estimates

Boult planning to get listed by next year, says co-founder Varun Gupta

Indian consumer tech brand Boult plans to go public next year, with a revenue benchmark of Rs 1,000 crore in FY25, as it expands into international markets and new categories, according to its co-founder Varun Gupta. In an exclusive interview with PTI, Gupta spoke in detail about his vision to make the Indian company global, listing out the homegrown brand, and his ambitious targets for this fiscal year. "We are not focusing on IPO this year, our primary focus is to foray into offline markets, international geographies, and new categories, but possibly in the next year," he said. The young entrepreneur said the company has set an internal touchstone for itself before it goes public. "... We have an internal benchmark, when we hit a Rs 1,000 crore revenue, that's when we want to go for an IPO. Technically, we're eligible to go for an IPO today because we're profitable and comfortably over Rs 500 crore. But we have an internal milestone of Rs 1,000 crore, and that is when we will ...

Fund Pick: Nippon India Large Cap Fund leads from the front, says CRISIL

The fund has consistently outperformed its peers in all trailing periods under analysis

Lok Sabha elections outcome: This sector has gained every time since 2004

Unlike other general election years, analysts expect the Nifty IT index to underperform the markets in the near-term amid muted demand environment and client caution around discretionary spends

Stocks to Watch, April 26: Bajaj Fin, IndusInd, Maruti, IndiGo, HCL Tech

Stocks to Watch on Friday, April 26, 2024: IndiGo has placed an order with European plane maker Airbus for 30 A350-900 widebody aircraft at a deal estimated to be between $4 billion and $5 billion

Here's why the 'Modi-fication' of India is still thrilling stock markets

Modi has done an unbelievable job in India, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said

Asian stock markets slide as Federal Reserve dithers on rate cuts

The MSCI Asia Pacific Index fell as much as 0.4% Wednesday before paring losses, with consumer discretionary and industrials among the biggest drags

Stock Market Highlights: Sensex ends 456 points lower after a choppy session

Stock Market Highlights on Tuesday, April 16: Exide Industries, Titagarh Wagons, GE Shipping, Cochin Shipyard, Radico Khaitan and GSPL were among the top smallcap gainers

Stock Market Highlights, April 15: Sensex drops 845pts, Nifty below 22,300 amid Iran-Israel conflict

Stock market updates on April 15, 2024: 27 of the 30 Sensex stocks and 44 of the 50 Nifty stocks nursed losses today led by Shriram Finance, Bajaj Finserv, L&T, Wipro, ICICI Bank, Divis Labs, SBI Life

Bharti Hexacom sparkles on market debut; stock gain 43% at Rs 814

Bharti Hexacom, a subsidiary of Bharti Airtel, provides fixed-line telephone and broadband services primarily in two circles-Rajasthan and North East

Hindustan Zinc hits new high in weak market; zooms 49% thus far in April

Silver recorded the highest volume in FY24 in line with management's operational & financial strategy, at 24.0 moz up 5 per cent YoY

TCS trades flat ahead of March 2024 quarter results today

Earlier in the day, the stock soared as much as 0.77 per cent to hit an intraday high of Rs 4,013.25

5 reasons why Goldman Sachs is bullish on CreditAccess Grameen

Despite a slight decline earlier in the year, the stock has soared by an impressive 58.19 per cent over the past year

Sensex closes above 75,000 mark for first time, RIL and ITC gains

But hotter-than-expected US inflation may put brakes on the rally

Experts suggest to keep low-cost Nifty 50 index fund at core of portfolio

If risk appetite permits, consider active midcap and smallcap funds, and factor funds in satellite portfolio

Markets scale new peaks in FY25 kickoff; Sensex ends 363 points higher

Optimism soars as slowing US inflation sparks Fed rate cut hopes this financial year

Kross, Saraswati Saree Depot gets Sebi's approval to raise funds via IPO

Auto parts manufacturer Kross Ltd and Saraswati Saree Depot Ltd have received Sebi's go ahead to raise funds through initial public offerings. The two companies filed their preliminary initial public offering (IPO) papers with the capital markets regulator between October and December 2023 and obtained their regulatory observation during March 22-27, an update with the Securities and Exchange Board of India (Sebi) showed on Monday. As per the draft papers, Kross' maiden public issue is a mix of a fresh issue of shares worth up to Rs 250 crore and an Offer for Sale (OFS) of shares aggregating up to Rs 250 crore by promoters. The OFS portion consists of equity shares to the tune of up to Rs 168 crore by Sudhir Rai and Rs 82 crore by Anita Rai. The Jamshedpur-based company proposes to utilise the net proceeds of the fresh issue for the purchase of machinery and equipment, payment of debt, and funding the working capital requirements of the company. Saraswati Saree Depot's IPO comprise

RBI's rate decision, macro data to dictate market trends this week: Analyst

The Reserve Bank of India's interest rate decision, macroeconomic data and global trends will drive investors' sentiment this week, with markets hoping to continue the positive momentum after ending FY24 on a buoyant note, analysts said. In addition, the trading activity of foreign investors, the rupee-dollar trend and the movement of global oil benchmark Brent crude would also influence trading in equity markets. The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in the 2023-24. The benchmark hit its all-time high of 74,245.17 on March 7. In 2023-24, the Nifty soared 4,967.15 points or 28.61 per cent. "The RBI's Monetary Policy Committee (MPC) is set to start its three-day meeting deliberating interest rates and analysing the state of the economy on April 3 and will end on April 5. Auto stocks will be in focus as companies will announce the monthly sales numbers for March starting from April 1, 2024. "Additionally, people will be watching how the rupee fares again

Muthoot Microfin raises $75 million via external commercial borrowing

Muthoot Microfin on Thursday said it has raised USD 75 million by way of external commercial borrowing for on-lending and financing of social loans. Standard Chartered Bank, Doha Bank, RakBank (National Bank of Ras Al Khaimah), Union Bank of India (UK) Ltd, and Canara Bank, GIFT City participated in the funding, the microfinance firm said in a regulatory filing. "Muthoot Microfin has announced a syndicated social term loan of USD 75 million in the form of an ECB (External Commercial Borrowing)," it said, adding that the funds raised will be utilised for on-lending and financing of eligible social loans. The loan has been tied up for a 3-year and 3-month tenor and benchmarked to a 3-month Term SOFR (Secured Overnight Financing Rate) with a margin of 2.85 per cent, which will be serviced at a quarterly frequency. Muthoot Microfin CEO Sadaf Sayeed said, "This strategic move not only opens avenues for international partnerships but also introduces the MFI sector to diverse internationa

Smallcap stock zooms 10% as SBI MF buys 3% stake; HDFC MF holds 7% equity

Among non-promoter public shareholders, HDFC Mutual fund (via HDFC Balanced Advantage Fund) held 7.4 per cent stake in Savita Oil, according to data on BSE