Page 8 - Stocks

Valuation hurdle, competition may cap upside for Dixon Technologies

Company leads India's electronic manufacturing services and has improved revenue by 32% in the last decade

As economy expands, growth becomes more deep-rooted: Anand Radhakrishnan

Radhakrishnan adds that the realistic expectation should be a correction in mid and smallcaps rather than a further rally in largecaps to bring down the valuation differential

Capri Global sells Indiabulls Housing Finance's shares worth Rs 43 cr

Capri Global Holdings Pvt Ltd on Wednesday sold shares of mortgage financier Indiabulls Housing Finance for Rs 43 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Capri Global Holdings offloaded 25 lakh shares, amounting to a 0.53 per cent stake in Indiabulls Housing Finance Ltd. The shares were disposed of at an average price of Rs 171.45 apiece, taking the deal size to Rs 42.86 crore. After the transaction, Capri Global Holdings' stake in Indiabulls Housing Finance has declined to 3.08 per cent from 3.61 per cent. Details of the buyers could not be ascertained. Shares of Indiabulls Housing Finance plunged 6.47 per cent to settle at Rs 171.20 per piece on the NSE.

SME stocks to come under additional surveillance, T2T framework: NSE

The process of identifying stocks moving to the TFT segment will be done fortnightly and stocks moving to and from the segment shall be on a quarterly basis

PFC gets shareholders' nod to issue bonus shares in proportion of 1:4

State-owned Power Finance Corporation (PFC) has received shareholders' approval to issue bonus shares by capitalising up to Rs 660.02 crore in its securities premium account. "All business items proposed for the 37th AGM of the company have been approved with requisite majority," a BSE filing said. The PFC had proposed to issue bonus shares by capitalising securities premium account to the extent that each shareholder is entitled to a new equity share of Rs 10 each for every four equity shares of Rs 10 each. The proposal was listed for the annual general meeting (AGM) held on September 12. The PFC's board, at its meeting on August 11, recommended issuing bonus shares to shareholders in the proportion of 1:4 by capitalising Rs 6,60,02,03,520 in the securities premium account. The company also got shareholders' approval to appoint Parminder Chopra as its Chairman and Managing Director (CMD). Pursuant to the Ministry of Power order on August 14, 2023, the board of directors, on the

Volume, margin movement to be key drivers for Concor stock going ahead

Despite the weak Q1 show, the company is confident of meeting its EXIM growth target of 10-12% in FY24 given signs of recovery, and expects to maintain margins at the FY23 level (22.7%)

Sebi hid facts, slept over DRI's letter on stock manipulation by Adani: PIL

On August 25, Sebi informed the apex court it has completed the probe in all but two allegations against the Adani Group and is still awaiting information from five tax havens

BSE changes Jio Financial Services stock price band to 20% from 5%

Leading stock exchange BSE has revised the circuit limit of Jio Financial Services, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, to 20 per cent from the existing 5 per cent. The new limits will be effective from Monday, September 4, according to a notification issued by BSE. The move would ensure stock prices do not fluctuate beyond a prescribed level during a session. Further, market experts believe that the stock will be out of the trade-to-trade segment next week. Apart from Jio Financial, the price band for nine companies, including RailTel and India Pesticides, has been revised to 10 per cent. A circuit filter mechanism is used by BSE to keep in check excessive volatility in a scrip. It is the maximum fluctuation that is allowed in a stock in a day. Additionally, the stock of Jio Financial was removed from all the BSE Indices, including the benchmark Sensex, on September 1. Shares of Jio Financial got listed on the stock exchanges on

Shares of SBFC Finance gains 62% on trading debut, subscribed over 70 times

The company has 152 branches spread across 120 cities and 16 Indian states

Adani Power has shares worth $1 bn change hands in attempt to recover

The company's stock fell as much as 4.1% after the bunched trades to Rs 274.4 ($3.30) and based on the average price, the deals are worth $1 billion, according to Bloomberg calculations

E-commerce retailer Nykaa's stock declines the most in nine months

The brokerage downgraded the stock to ADD and revised its target price to Rs 165 from Rs 210

LTI Mindtree replaces HDFC in benchmark Nifty; JSW Steel added to Sensex

Analysts said going ahead LTIMindtree and JSW might benefit as both the indices are popular benchmarks for ETFs

Godrej Properties eyes strong growth on robust demand, new launches

The stock has gained 56 per cent over three months on consecutive quarters of high bookings

Apple stock hits record, on the cusp of $3 trillion market capitalisation

The iPhone maker's stock rose 0.6% to end the day at $189.25, putting Apple's market value at $2.98 trillion, according to Refinitiv data

War shadow on Bengal foundries as stocks pile up, economies slow down

Export orders have been slowing down since Jan, impacting SMEs and depriving workers of overtime pay, a crucial wage component

Sizzling rally in Indian property stocks seen extending over cuts on rates

The NSE Nifty Realty Index has gained 36% since a March-low as cooling inflation allowed the Reserve Bank of India to keep rates on hold

Stellar show by banks, but will it continue?

There are challenges ahead. It won't be easy for the banking sector to put up a better performance every quarter

TMS Ep445: GDP data, JioMart consolidation, new age stocks, WTO

What does GDP data tell us about the economy? What's behind Reliance Retail's JioMart consolidation? Are new age stocks a good bet post Q4 results? What is WTO? All answers here

Market value of LIC investment in Adani Group stocks hit Rs 44,670 cr

Market value of investments made by state-owned Life Insurance Corporation of India (LIC) in seven companies of the Adani group has swelled to Rs 44,670 crore as stock prices rose from the lows seen in the aftermath of the Hindenburg report. The country's largest insurer and leading institutional investor in the Adani group has seen the market value of its holdings in Adani stocks increase by around Rs 5,500 crore since April, stock exchange data showed. LIC's biggest bet is Adani Ports & SEZ Ltd where it holds 9.12 per cent shares. At Wednesday's closing price of Rs 717.95 on the BSE, that holding is worth Rs 14,145 crore. Its 4.25 per cent stake the group's flagship Adani Enterprises Ltd is worth Rs 12,017 crore at Wednesday's closing price of Rs 2,476.90. LIC holds stocks worth about Rs 10,500 crore in city gas distribution firm Adani Total Gas Ltd and Ambuja Cement. Other Adani group firms where LIC holds stakes are Adani Transmission Ltd, Adani Green Energy Ltd and ACC. The .

Watchdogs or opportunists? Short sellers in focus after US bank crisis

Short interest in First Republic indeed increased as turmoil in the banking sector intensified, although measures vary