Markets – Page 4

Expert view: Market outlook bright; positive on manufacturing, capital goods, exports, says Dikshit Mittal of LIC MF

July 4, 2024 by djsaavn_jvd36z

Dikshit Mittal, a fund manager and senior equity research analyst at LIC Mutual Fund Asset Management, believes the overall market outlook remains positive due to reasonable valuations, broad-based earnings growth, stable macroeconomic conditions, and sustained domestic inflows. In an interview with Mint, Mittal shared his views on what the market expects from the Union Budget … Read more

Visaman Global Listing: Stock lists at ₹45, mere 5% premium to IPO price

July 1, 2024 by djsaavn_jvd36z

Visaman Global Sales made a flat market debut today as its shares were listed at ₹45.10 each on NSE SME, indicating a premium of 5% over the issue price of ₹43. The SME IPO, valued at ₹16.05 crore, was open for subscription from June 24 to June 26, 2024, at a price of ₹43 per … Read more

Does optimism pay off? Exploring its impact on investment strategies

June 30, 2024 by djsaavn_jvd36z

In the world of investment, optimism is often touted as a key ingredient for success. The belief in a brighter future can drive investors to take risks, seize opportunities, and weather market volatility with resilience. However, while optimism can be powerful, investors must balance it with a healthy dose of realism and data driven analysis. … Read more

Reliance Industries stock reclaims ₹3,000 level after 15 sessions, hits new record high

June 26, 2024 by djsaavn_jvd36z

Shares of Reliance Industries, India’s largest company by market capitalisation, reclaimed the ₹3,000 mark in today’s trading session after a 15-session gap, setting a new record high of ₹3,037.95 per share by gaining 4.50%. By the session’s close, the stock settled at ₹3,028, reflecting a significant 4.12% increase, marking its third-largest intraday gain in CY24 … Read more

ICICI Bank: Motilal Oswal reiterates ‘buy’ on the private lender, sees over 15% upside – 6 key reasons why

June 25, 2024 by djsaavn_jvd36z

The stock hit its record high of ₹1,199.35 and its market cap crossed $100 billion in intra-day deals today. The stock has now risen over 33 percent from its 52-week low of ₹898.85, hit on October 26, 2023. “While we estimate margins to remain range-bound in the near term, the operating leverage is emerging as … Read more

SRF, Navin Fluorine and more: ICICI Securities lists 4 stocks that will likely gain from agrochemical cycle rebound

June 24, 2024 by djsaavn_jvd36z

Additionally, it said that US agrochemical companies are increasingly opting for outsourcing and favoring asset-light models, which the brokerage believes benefits Indian specialty chemical companies with the increased addressable market. Also Read: Will power, defence, railway stocks sustain investor interest after sharp rally? It highlights that estimates for Indian chemical companies were significantly downgraded over … Read more

Stanley Lifestyles IPO: GMP, subscription status to key risks – 10 key things to know

June 22, 2024 by djsaavn_jvd36z

The mainboard IPO of a luxury furniture brand company is a book-building issue of ₹537.02 crore, comprising a fresh issue and an offer-for-sale. The Bengaluru-based furniture maker raised over ₹161.10 crore from anchor investors on Thursday ahead of its initial public offering. Stanley Lifestyles is a super-premium and luxury furniture brand in India involved in … Read more

IRFC, GAIL, Olectra Greentech, NMDC, Cummins, Info Edge, Siemens: BP Wealth lists 7 super picks for June

June 17, 2024 by djsaavn_jvd36z

The benchmark Nifty has surged over 4 percent in June, reaching around the 23,500 mark and setting multiple new highs along the way. With high valuations for most stocks and no significant correction in sight, investors may find it challenging to determine where to invest. To address this, brokerage house BP Wealth has released 7 … Read more

Raymond shares extend gain for 4th straight day, jump over 8.5% to touch new record high – here’s why

June 10, 2024 by djsaavn_jvd36z

This surge followed the announcement that the company’s real estate division had been selected as the “Preferred Developer” for the redevelopment of MIG VI CHS Ltd. in Bandra East. Spanning 2 acres, the project is anticipated to generate revenue exceeding ₹2,000 crores over the project period. This project marks Raymond’s fourth venture in Mumbai, underscoring … Read more

Weekend Wrap: From United Breweries to Jindal Stainless, top market movers this week

June 8, 2024 by djsaavn_jvd36z

Top News India’s foreign exchange reserves (Forex) increased by USD 4.83 billion to reach USD 651.5 billion for the week ending May 31, 2024. The IPO of Kronox Lab Sciences got oversubscribed by 117.25 times. Sundaram AMC has launched the NFO for Sundaram Business Cycle Fund. The NFOs closes on 19th June. View Full Image … Read more