Posts in category Economic Times
TA FDI investors lowers stake in Prudent Corporate (29-05-2024)
Canara Robeco Mutual Fund, DSP Mutual Fund and Kotak Mutual Fund were among some of the buyers in the deal. Shares fell 5.21% to close at ₹1,640 on Tuesday. In the last one month, the company's shares gained 6.11% against an up-move of 0.35% in BSE SmallCap Index in the same period.
Pre-market action: Here’s the trade setup for today’s session (29-05-2024)
"Nifty has been consolidating in a broad range for the third consecutive day as investors remain watchful ahead of the big election outcome next week. We expect the Nifty to remain sideways to marginally positive on the back of reduced FII selling, prediction of above normal monsoon and last leg of Q4 results," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.
Stocks in news: RIL, Hindalco, PNB Housing, Grasim, Tata Steel (29-05-2024)
State-run Indian Railway Catering and Tourism Corporation (IRCTC) reported a consolidated profit after tax (PAT) of Rs 284 crore, which was up 2% year-on-year.
Hindalco’s US arm Novelis to list on NYSE in 2 weeks (29-05-2024)
Novelis on Tuesday launched a roadshow for its proposed initial public offering (IPO), where Indian parent Hindalco plans to sell 45 million shares, or a 7.5% stake, in the company at $18-21 per share.
Timken promoter sells Rs 1,956-crore stake (29-05-2024)
Government of Singapore, Monetary Authority of Singapore, HDFC Life, UTI MF and Nippon India MF were among some of the buyers. Shares of Timken India rose 2.78% to close at 4,062.80 on Tuesday. In last one month, the company’s shares gained 28.15% against an up-move of 1.94% in BSE 500 Index.
SBI asks staff to seek nod for opening demat accounts with other brokerages (29-05-2024)
SBI has more than 230,000 employees spread across 22,500 branches in the country. The SBI group is also the biggest asset manager in India's mutual fund industry, with assets under management (AUM) exceeding the pooled funds run by either the ICICI Group or the HDFC Group.
Emkay sees Nifty at 24,500 by year-end (29-05-2024)
Manish Sonthalia, chief investment officer at Emkay Investment Managers, suggested investors to follow a multi-cap approach with equal proposition in large-caps and mid-caps to take advantage of a broad-based growth in Indian equity markets.
Petronas arm leads race to climb green tower at Brookfield (29-05-2024)
Malaysian energy giant Petronas's renewable energy arm Gentari Sdn Bhd is leading the race for a part of India's renewable portfolio from Brookfield Asset Management.
Group promoters raise stakes in Adani Enterprises, Green Energy (28-05-2024)
According to NSE data, promoter entities bought 72.70 lakh shares of flagship company Adani Enterprises worth ₹2,162 crore and 1.39 crore shares of Adani Green Energy worth ₹2,507 crore in multiple tranches between May 10 and May 23.
IIFL Securities to foray into wealth management (28-05-2024)
IIFL Securities' market capitalisation stood at ₹6,073 crore on Tuesday. In comparison, wealth management companies such as 360 One WAM, Nuvama Wealth Management, and Anand Rathi Wealth are valued at ₹28,535 crore, ₹17,913 crore, and ₹17,263 crore respectively.