Benchmark Sensex closed above 85,000 for the first time, while Nifty reached 26,000 at close on Wednesday. Stocks like ZEE Media rose 12%, Mazagon Dock gained 0.7%, and Hindalco declined by nearly 0.077%. Analysts recommend buying these stocks at current levels with specific stop losses and potential upsides over the next 10-12 months.
Posts in category Economic Times
NTPC, Power Grid to benefit from India’s power expansion plans: Chakri Lokapriya (26-09-2024)
Power Grid is like the one nation, one grid, kind of a big grid. So, you will see phenomenal growth. NTPC, same reason, green energy will double and triple and again double over the next 10 odd years. So, the numbers are huge. So, even if they fulfil very small portion of it, still they will be very profitable investments.
Why is it a good idea to buy bank stocks now? Ashish Gupta explains (26-09-2024)
Ashish Gupta, CIO of Axis MF, discusses the outlook for the banking sector, noting that earnings momentum may slow due to decreasing margins and rising credit costs. However, he believes banks can perform well given current valuations and improved deposit growth supported by RBI liquidity measures. He also sees opportunities across smallcap, midcap, and largecap stocks.
Manba Finance IPO allotment expected today: Check status, GMP, listing date and other details (26-09-2024)
The share allotment of Manba Finance IPO is expected to be finalised today. Investors can check their allotment status on the BSE or the registrar’s website. The company’s shares are set to list on September 30 with a premium of 49% in the unlisted market. Manba Finance aims to use the proceeds for capital augmentation and general corporate purposes.
Kalana Ispat shares to list on NSE SME platform today. What to expect? (26-09-2024)
Kalana Ispat’s shares will debut on the NSE SME platform, with no grey market premium indicating a flat listing. The IPO saw over 50 times subscription. The company manufactures MS Billets and Alloy Steel Billets, with proceeds from the IPO funding solar power plant installation and roll mill setup.
Rappid Valves IPO allotment: Check status, GMP, listing date and other details (26-09-2024)
Rappid Valves is set to finalize its IPO share allotment on Thursday. Investors can check their allotment status via the Link Intime India or NSE websites. The IPO, priced at Rs 222 per share, saw robust demand and was subscribed over 100 times. The company plans to use the proceeds for machinery purchases and working capital.
Vedanta board to consider fourth interim dividend (26-09-2024)
Vedanta Ltd will consider its fourth interim dividend for the current fiscal on October 8. The record date for the payout, if declared, is October 16. Earlier this month, Vedanta announced a ₹20 per share dividend. The company has already declared dividends totaling ₹35 per share this year.
India ranks third in annual Asia Power Index (26-09-2024)
India has risen to third place in the annual Asia Power Index, surpassing Japan due to strong post-COVID economic growth. The index, compiled by the Lowy Institute, ranks 27 countries based on their ability to shape their external environment. India’s rise is attributed to economic growth, future potential, and diplomatic influence.
Investors turn to bonds for higher yields amid equity risks, elevated valuations (26-09-2024)
Investors are turning to bond platforms like bondbazaar and indiabonds for higher yields amid equity risks and elevated valuations. These platforms offer a variety of bonds, including PSUs, tax-free bonds, and NBFC instruments, allowing investors to earn returns of 7-20% based on their risk appetite.
India’s largest IPO, Hyundai Motor gets Sebi green light for Rs 25,000-cr issue (26-09-2024)
Hyundai Motor India has received approval from Sebi for its ₹25,000-crore IPO, set to be the largest in India’s history. The offering will consist entirely of an offer-for-sale by Hyundai Motor Co. The IPO is expected to launch by November and could surpass previous records held by LIC and Paytm.