Page 7 - Stocks

Market rally has margin trading book hitting record Rs 54,537 crore in Jan

The recent market rally that lasted till earlier this week has the margin funding book of brokers nearly soaring 90 per cent Rs 54,537 crore as of January 16, a lifetime high for the segment, show the data from the exchanges and a research report. The margin funding, wherein an investor pays 25-35 per cent of the stock value he or she buys and the rest is paid by brokers for a monthly interest of 12-15 per cent, stood at Rs 29,000 crore for the whole of January 2023 but jumped to Rs 54,537 crore as of January 16, 2024. The market rally also had the cash segment of the market jumping to a record 25 per cent in December 2023, according to an analysis by Icra Ratings. With the recovery in secondary market returns from Q2FY24, the margin trade funding (MTF) book of brokers in general and especially those led by banks, has been achieving new highs. The aggregate industry-wide MTF exposure soared 98 per cent from March 2023 when it was Rs 26,000 crore to Rs 51,000 crore in December 2023,

Adani stocks found buyers in India's retail investors during Hindenburg row

Individual holdings in nine of the group's 10 stocks at the end of December are higher than they were before the short-seller's attack on the conglomerate, exchange data compiled by Bloomberg show

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

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

Jindal Stainless announces Employee Stock Option Plan for senior officials

Jindal Stainless Ltd (JSL) on Tuesday announced an Employee Stock Option Plan (ESOP) for senior company officials. The primary objective of introducing ESOPs for 150 senior members is to attract, incentivise and retain talent, fostering a shared sense of ownership and aligning the interests of the employees with those of the organisation, the company said in a statement. JSL has granted 15,68,266 stock options, using the instrument of ESOPs and restricted stock Units (RSUs) in an equal mix, to eligible employees under the JSL Employee Stock Option Scheme 2023. The ESOPs will vest over a period of four years, alongside linkage to performance conditions, it said. "The implementation of ESOPs is a testimony of our intent to retain our people and make them true partners in our progress. Besides, it helps align the interests of our senior team with our long-term growth plans," Jindal Stainless Managing Director Abhyuday Jindal said.

Societe Generale sells Zee Entertainment's shares worth Rs 216 cr

Financial services company Societe Generale on Tuesday sold shares of Zee Entertainment Enterprises Ltd (ZEEL) for Rs 216 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Societe Generale offloaded 83,45,179 shares, amounting to a 0.87 per cent stake in ZEEL. The shares were disposed of at an average price of Rs 259.10 apiece, taking the deal value to Rs 216.22 crore. Meanwhile, Societe Generale acquired 5.08 lakh shares of ZEEL at an average price of Rs 256.64 per piece, taking the transaction size to Rs 13.05 crore. Shares of ZEEL plunged 7.98 per cent to close at Rs 255.95 apiece on the NSE.

Consensus on framework for pricing transactions, deals important: Experts

Late in December, the market regulator sought comments on changes proposed in rumour verification norms through a discussion paper

1st trading day 2024: Stock-specific action on a day of wild swings

RailTel, YES Bank, Vodafone Idea, and BHEL rose 2-6%

Distributors may halt HUL stock buys amid margin structure change

FMCG companies typically give fixed margins of 4-6 per cent, while variable margins depend on milestones or performance parameters

Slew of launches, robust pipeline to drive growth for Godrej Properties

With inventory levels still declining, and pricing strong, developers are pushing for new launches in 3Q to capitalize on the demand, says Jefferies Research

Analysts divided, but Delhivery's stock underperformance may reverse

Delhivery provides solutions to 23,113 customers, including e-commerce marketplaces, direct-to-consumer e-tailers, and enterprises across verticals

FPIs lap up finance, healthcare, auto stocks in first half of Dec

FPIs were net buyers to the tune of Rs 42,731 crore in the first fortnight of December

Mutual fund managers find comfort in largecaps as Sensex tops 70,000

P/E multiple expansion in smallcaps and midcaps sharper than largecaps

Gautam Adani's wealth swells by $10 billion on relief stock rally

"The general view is that the worst is behind and now we will not hear about Hindenburg," said a portfolio manager said

New businesses to boost growth momentum of Tata Consumer Products

The key driver of growth for the company is expected to come from new segments of Sampann (packaged staples), Soulful (healthy snacks/drinks) and NourishCo

PSU insurers' stocks surge on attractive valuation, RBI's risk weight norms

Low-float stocks are the companies with a relatively small number of shares available for public trading

Billionaire Gautam Singhania's separation erases $180 mn at Raymonds

The stock has tumbled 12 per cent since Nov. 13 when Singhania announced separation from Nawaz Singhania, his wife of 32 years and a Raymond board member

Airtel approves allotment of 1.4 mn equity shares to certain FCCBs holders

Bharti Airtel on Friday said its committee of directors has approved allotment of 14.16 lakh fully paid-up equity shares at a conversion price of Rs 518 per equity share to certain Foreign Currency Convertible Bond (FCCB) holders. This followed the receipt of notice for conversion of FCCBs of principal value of USD 10,188,000 from the FCCBs holders. "We wish to submit that upon receipt of notice for conversion of FCCBs of principal value of USD 10,188,000 from certain FCCBs holders, the special committee of directors for fund raising has, today approved the allotment of 1,416,607 fully paid-up equity shares of face value Rs 5 each at a conversion price of Rs 518 per equity share to such holders of FCCBs," Bharti Airtel said in a BSE filing. Put simply, FCCB is a quasi-debt instrument. While it serves as a bond by making regular coupon and principal payments, these instruments also grant the bondholder, stock conversion option. "This is in reference to the USD 1,000 million 1.50 per

TMS Ep566: Regulating OTT, Punjab crop mix, new-age stocks, Afghan refugees

Should the govt regulate what you watch on Netflix? Does Punjab need a new crop mix? Is it time to bet on new-age stocks? Why is Pakistan deporting Afghan refugees? Answers here

Direct investing bhi sahi hai: NSE CEO Chauhan's pitch for more retail play

NSE's chief executive and managing director Ashishkumar Chauhan on Thursday said retail investor participation is increasing in the markets, and the group has become a formidable force. Borrowing from a popular campaign run by the mutual fund industry, Chauhan said, "direct investing bhi sahi hai" (direct investing in equities is also correct). The NSE chief was, however, quick to add a caveat. Chauhan said he invests his personal wealth only in mutual funds and not in direct equity participation. Amid heightened concerns over retail investors' play in the more riskier futures and options segment, Chauhan presented a data, saying only 0.3 per cent of the overall traded premiums in the market in October were bets under Rs 1 lakh. He said there is a need to look at data before forming opinions, and not to be driven by beliefs. Retail investors now possess a wealth of Rs 60 lakh crore, which is about a fifth of the overall wealth of all the investors in the market, he said. This gro

Sebi turns up heat on unregistered influencers giving tips on social media

The regulator's order is at least the third high-profile crackdown on a financial influencer this year