Federal Bank experienced a significant drop of more than 5 percent in its share value on March 14th following the decision to halt the issuance of co-branded credit cards, as directed by the Reserve Bank of India (RBI). So far this year, Federal Bank has faced a decline exceeding 5 percent, a contrast to the … Read more
SpiceJet’s shares witnessed a significant 8% surge in early trade on March 14th following the budget airline’s announcement of finalizing lease agreements for 10 aircraft. This strategic move aims to enhance the airline’s capacity ahead of the upcoming summer schedule. As of 10:53 am, shares of SpiceJet were trading at Rs 53.56 on the National … Read more
Adani Green Energy witnessed a substantial surge of almost 7 percent in its shares upon opening on the National Stock Exchange (NSE) on March 14th. This uptick comes on the heels of an announcement made by its subsidiary regarding the signing of a power purchase agreement with the Solar Energy Corporation of India (SECI) for … Read more
SJVN, the energy company, witnessed an impressive 11% surge in its shares on March 14th, following an announcement from its renewable arm, SJVN Green Energy Limited (SGEL). SGEL secured a Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Limited (GUVNL) for a substantial 500MW Solar Project. The project, slated to be developed at GIPCL … Read more
Investor apprehension continues to grip the market as the advance-decline ratio, a pivotal gauge of market health, persists below the critical threshold of 0.4 for the third consecutive trading day. This sustained imbalance, where the number of declining stocks significantly outweighs the advancing ones, underscores the prevailing pessimism among market participants and signals a deepening … Read more
Shares of Jubilant FoodWorks, the company behind Domino’s pizza chain and Popeyes, dipped by more than 2 percent to Rs 433 on March 13th as brokerages offered a mixed assessment of the company’s recent acquisition of Turkey (DP Eurasia) and Bangladesh businesses. Analysts expressed caution over the company’s increasing debt burden as it seeks to … Read more
Adani Group’s Sell-Off Escalates as Stocks Plummet Up to 13% Amidst Weak Market Sentiment on March 13. All 10 Adani Counters Suffer Losses, Erasing Approximately Rs 90,000 Crore in Combined Market Capitalization by Noon. Adani Green Energy Takes the Hardest Hit, Tumbling 13% to Reach an Intraday Low of Rs 1,650 per Share on the … Read more
Amidst a backdrop of global market uncertainty, the Sensex struggled to gain momentum today as stocks faced declines following a record-breaking session on Wall Street. The pause in a rally in China and slipping Japanese shares amidst rate-hike speculations contributed to the challenging market conditions. In mainland China, shares dipped, impacted by Country Garden Holdings … Read more
The small- and mid-cap segment is witnessing a downturn in sentiment, with a significant portion of stocks slipping into the red. Over 80 percent of stocks in the BSE Small-cap index have registered negative returns since February 19, coinciding with the index’s downward trend. In contrast, the Nifty has seen a marginal uptick of nearly … Read more
ITC’s stock price has undergone a correction of approximately 20% from its peak, catching the attention of prominent brokerages who see this as an opportune moment for investors to enter the market. This correction was spurred by the news of British American Tobacco’s stake sale, prompting analysis from HSBC, which emphasized the attractive valuation of … Read more
Investors were left disappointed as JG Chemicals made its market debut at a 5.4 percent discount from the issue price of Rs 221 on March 13. This listing fell short of analysts’ expectations, who had anticipated a premium of 12 percent. JG Chemicals’ initial public offering (IPO) amounted to Rs 251 crore and garnered substantial … Read more
In the morning trade on March 13, shares of Muthoot Capital Services Limited saw a 3 percent uptick following the company’s revelation of a strategic partnership with evfin, an EV-focused lending platform, aimed at facilitating financing for electric two-wheelers. According to a regulatory filing, Muthoot Capital highlighted the substantial magnitude of the collaboration, with a … Read more
The trading day opened with Vedanta’s shares slipping by almost one percent on March 13, following a directive from SEBI regarding payment to Cairn UK Holdings Limited (CUHL). SEBI instructed Vedanta to disburse Rs 77.62 crore to CUHL along with a simple interest of 18 percent per annum, citing delays in dividend payment. As of … Read more
R K Swamy shares had a lackluster debut on March 12, closing nearly 9% lower amidst market volatility. This performance fell short of analysts’ expectations, who had anticipated a flat debut despite strong subscription numbers during the IPO. Opening 13.2% lower on the National Stock Exchange (NSE) at Rs 250 compared to the issue price … Read more
In a day marked by considerable volatility on March 12, India’s key stock market indices closed with a mixed performance. The BSE Sensex saw a modest rise of 165.32 points, or 0.22 percent, closing at 73,667.96, while the Nifty edged up by three points, or 0.01 percent, settling at 22,335.70. Investors remained vigilant ahead of … Read more
On March 12, Solar Industries India witnessed a robust 3.6 percent surge in its shares, driven by analysts at ICICI Securities reiterating their “buy” recommendation for the stock while revising the target price to Rs 9,050 per share. This adjustment suggests a potential upside of 13 percent from the current trading level. Amidst a challenging … Read more
InterGlobe Aviation, the parent company of IndiGo, saw its shares rise by 5% to Rs 3,262 on the morning of March 12, marking a second consecutive day of gains. This uptick followed news of Morgan Stanley Asia purchasing a 0.5% stake in India’s largest airline, equivalent to 21 lakh shares. Additionally, Rakesh Gangwal, co-founder of … Read more
On March 12, SpiceJet witnessed a sharp decline of 9.7% in its share price to Rs 54.6 per share following reports of the resignation of Chief Operating Officer (COO) Arun Kashyap and Chief Commercial Officer (CCO) Shilpa Bhatia. In response to these developments, SpiceJet’s management stated that the resignations are part of the company’s strategic … Read more
Bharat Highways InvIT made its debut on the stock exchanges with a subdued performance as the units were listed at ₹101 apiece on the BSE, marking a 1% premium over the issue price of ₹100 per unit. On the NSE, the listing price was ₹101.1 per unit, reflecting a 1.1% premium to the IPO price. … Read more
On March 12, shares of R K Swamy made a lackluster debut on the bourses, opening at Rs 250, marking a discount of 13.1 percent from the issue price of Rs 288. This listing fell short of analyst expectations, who had anticipated the shares to debut at Rs 300-310, representing a premium of approximately 5 … Read more