Posts in category Economic Times
Cochin Shipyard shares rally over 4% after Norway order win (01-07-2024)
Shares of Wockhardt and Cochin Shipyard surged, reflecting market confidence. Cochin Shipyard's subsidiary secured a contract for Dry Cargo Vessels, propelling the stock's growth.
Kotak Equities initiates coverage on JB Chemicals with a target price of Rs 2,025 (01-07-2024)
“Having primarily grown organically until FY2022 and later on aided by benefits from acquired brands, JB has handsomely outperformed the IPM in the past decade by ~600 bps and currently ranks 22 in the IPM,” said Alankar Garude, Analyst at Kotak Equities.
Banking stocks lift Sensex, Nifty to new heights in July opening (01-07-2024)
D-Sreet closed on a positive note on Monday, with the S&P BSE Sensex gaining 443.46 points to settle at 79,476.19. The broader Nifty index also rose, adding 131.35 points to close at 24,141.95. The banking sector showed particular strength, with the banking gauge up by 0.44%. Tech Mahindra, Wipro, Bajaj Finance, Grasim Industries, and UltraTech Cement were among the top gainers, while NTPC, Eicher Motors, Apollo Hospitals Enterprise, SBI, and Dr. Reddy's Laboratories experienced declines. Market capitalisation of all the BSE listed companies increased by Rs 344,798 crore.
Bansal Wire IPO opens Wednesday: Here are 10 things to know about the public offer (01-07-2024)
The IPO of Bansal Wire is scheduled to open for subscription on July 3 and will close on July 5. The company aims to raise approximately Rs 745 crore through this public offering. This IPO consists entirely of a fresh equity sale of 2.91 crore shares, with no OFS component involved. According to market analysts, Bansal Wire currently commands a GMP of Rs 65 in the unlisted market.
India needs to build its own EV paradigm, products, and core technology in the EV stack: Bhavish Aggarwal, Ola (01-07-2024)
This is the start of the EV penetration. India is the world's largest two-wheeler market. 20 million two-wheelers are sold a year. Over time, EV penetration will grow to a much larger percentage in the overall industry and there is no single company that can achieve that full transition, says Bhavish Aggarwal,
Sagility India files draft papers; seeks Sebi’s nod to float IPO (01-07-2024)
The company, in its draft papers filed on Friday, said that the objective of the initial share sale is to gain the advantages of listing the equity shares on the stock exchanges.
Enviro Infra Engineers files draft papers to mop up funds via IPO (01-07-2024)
Proceeds from the fresh issue to the tune of Rs 181 crore will be used to meet the working capital requirements, Rs 100 crore will be used for payment of debt, Rs 30 crore will be infused into the company's subsidiary, EIEL Mathura Infra Engineers, to build 60 million litres per day Sewage Treatment Plant (STP) at Mathura in Uttar Pradesh.
How to trade India Cements, NMDC, Amara Raja and 3 other stocks? Aamar Deo of Angel One decodes (01-07-2024)
Markets had a dream rally in June, with the benchmark index Nifty gaining 2% WoW, whereas Bank Nifty gained 1.3% WoW. Overall, the markets continue to be driven by bullish investment sentiments, on the back of positive global cues, rally in heavyweights and on the hopes of rate-cut materialising, most probably in this quarter.
Amul to be a part of India’s journey but capital market is not a possibility anytime soon: MD (01-07-2024)
Amul and the new multi-state cooperative organics both will do handholding of all these farmers, even encourage more farmers elsewhere to get into this space, work on getting the certification of their soil, and use Amul economy model where they can even convert the dunk of our cattle into organic manure, get back to the field, use it extensively with the support that is required for a farmer, says Jayen Mehta
Vodafone Idea, 5 other stocks expected to enter MSCI index (01-07-2024)
India's weighting in MSCI EM currently stands at 19.2% and is anticipated to surpass the 20% threshold gradually.