Mint explains what all of this means for investors and the wider market. What is T+0 settlement? T+0 settlement simply means trades are settled on the day they are executed. That is, investors receive their securities or funds within hours rather than having to wait a day, as with the current T+1 cycle. How will … Read more
Recent developments have shown promise for Paytm, as it obtained approval from the National Payments Council of India (NPCI) to operate as a third-party app, allowing it to function similarly to competitors like Google Pay and PhonePe. Moreover, Paytm has forged partnerships with Axis Bank, HDFC Bank, SBI, and Yes Bank to facilitate seamless business … Read more
Mahindra & Mahindra: The Indian automaker has signed a Memorandum Of Understanding with Adani Total Energies E-Mobility to establish an electric vehicle charging network throughout India. This collaboration will also enable the automaker to introduce e-mobility solutions, ensuring consumer access to the charging infrastructure. Veejay Nakra, President of the Automotive Division at M&M Ltd, said … Read more
The company’s shares embarked on a one-way rally in June 2020, starting at ₹33.80 apiece, and have steadily surged without notable pullbacks to attain the current trading price of ₹353.70 apiece, reflecting a remarkable gain of 946%. Also Read: LT Foods share price jumps over 9% after Sunil Singhania’s Abakkus Asset Management buys stake The … Read more
The trends on Gift Nifty also indicate a gap-down start for the Indian benchmark index. The Gift Nifty was trading around 22,060 level, a discount of over 70 points from the Nifty futures’ previous close. On Monday, the benchmark equity indices ended with minor gains amid volatility. The Sensex rose 104.99 points to close at … Read more
The ability to transfer shares between demat accounts offers shareholders greater flexibility, efficiency, and control over their investments. Whether for consolidation purposes, ownership changes, or portfolio management needs, leveraging this functionality can streamline the process of managing and monitoring shares effectively. Advantages Transferring shares between demat accounts offers several advantages: Consolidation of Shares: By transferring … Read more
KP Green Engineering IPO: The initial public offering (IPO) of steel products manufacturer KP Green Engineering Ltd is witnessing strong demand as seen in the subscription status. The ₹189.50 crore KP Green Engineering IPO has been oversubscribed heavily led by retail investors. KP Green IPO is an SME IPO that opened for bidding on March … Read more
Apart from the above, DB Realty, Jubilant Industries, PTC India Financial, Skipper, India Nippon, Swan Energy, NALCO, Engineers India, KPI Green Energy, Spencers Retail, Sigachi Industries, Indo Amines, and others are among the smallcaps that logged a double-digit rise in their share prices last week. Also Read: Dividend Stocks: Oil India, PFC, TVS Motor Company, … Read more
There are definite data points and trends that investors can look at to chart out their equity map during India’s moves in the elections. “Irrespective of election outcome, markets have delivered double digit returns during the election year,” says Feroze Azeez, Deputy CEO, Anand Rathi Wealth. View Full Image Nifty Before and After Lok Sabha … Read more
Foreign brokerage firm CLSA has reiterated its cautious stance on the Indian steel sector citing higher valuations and incremental shift in the profit pool towards miners. The brokerage has downgraded Tata Steel to ‘Sell’ from ‘Outperform’ and cut its target price to ₹135 from ₹145 per share. It has also downgraded JSW Steel to ‘Sell’ … Read more