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Shipping stocks skyrocket 20%, Shipping Corporation, Eastern Shipping lead
Shipping stocks surged with Shipping Corporation of India hitting a new all-time high, and Great Eastern Shipping a 52-week high. Investors anticipate a Rs 15,000-20,000 crore Maritime Development Fund from the Union Budget. Essar Shipping surged, along with Cochin Shipyard. Multibagger returns were seen, but experts' opinions do not represent Economic Times' views.
Emcure Pharma shares debut with 31% premium over issue price
Before listing, the company's shares traded at a Rs 360 premium in the grey market. It raised Rs 582 crore from anchor investors, including HDFC MF, ICICI Pru MF, SBI MF, Abu Dhabi Investment Authority, Goldman Sachs Asset Management, Nomura, and HDFC Life. Analysts are bullish on the IPO for listing gains and long-term growth, citing its strong position in domestic therapeutics and expansion plans in India and exports.
Q1 result season begins: 30 companies may report over 100% growth in profit
Nifty may report 4% Q1 earnings growth driven by BFSI, auto, metals, healthcare, and real estate, with Trent and Zomato showing significant consumption sector growth. Pharmaceuticals Glenmark Pharma and Laurus Labs have high growth, private and PSU banks lower. Motilal Oswal and Kotak predict 30 companies may report over 100% profit growth.
Stock of ITD cementation tanks on Thai parent’s plan to exit the company
ITD Cementation shares dropped 13.75% as promoter considers divesting stake. Stock surged 200% in past year, trading at PE ratio of 30.6. No final decision made yet.
IREDA shares surge nearly 6% after sanctioned loans amount jumped nearly 5 times
Shares of the Indian Renewable Energy Development Agency (IREDA) surged 6% to reach the day’s high of Rs 202 on the BSE. This increase followed the company's announcement of significant year-on-year growth in its sanctioned loans by 382.62% and loan disbursements by 67.61%.
DEE Development Engineers makes a robust debut. What should investors do?
Analysts attribute DEE Development's impressive debut to its robust competitive position, well-established client base, diverse range of products, strong order book, and consistent financial performance.
DEE Development Engineers stock debuts with 67% premium over IPO price
DEE Development Engineers, specializing in process piping solutions, listed with a 67% premium. The company, with over three decades of manufacturing experience, offers a range of high-quality piping products and is supported by prominent book running lead managers SBI Capital Markets and Equirus Capital.
Lack of depth in mid- & smallcap rally hints all’s not shining on D-Street
Mid-cap and small-cap indices in 2024 have seen a remarkable surge, with 20 stocks driving 50% of each index's rally, as per reports. The top contributors include PSUs, financial services, and energy companies.
D-St investors richer by over Rs 2 lakh crore as Sensex, Nifty extend record run
Indian benchmark indices Nifty50 and Sensex hit fourth consecutive record highs on Tuesday, driven by banking and IT stock gains, amid positive global market trends. Sensex rose 308 points to 77,301, while Nifty gained 92 points to 23,558.
Buy Macrotech Developers, target price Rs 1770: Motilal Oswal
Macrotech Developers Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 154846.78 Crore) operating in Real Estate sector.
Jefferies' Wood picks GMR Airports, reduces weights in three banks
Wood said, in his weekly Greed & Fear newsletter, that the airport operator's introduction into its portfolio will be at the expense of the reduction of weights in ICICI Bank, HDFC Bank and Axis Bank.
Chris Wood of Jefferies picks GMR Airports, trims stake in 3 bank stocks
Jefferies' Global Head of Equity Strategy Chris Wood has added GMR Airports Infrastructure to India portfolio and reduced stakes in ICICI Bank, HDFC Bank, and Axis Bank.
Should you buy REITs when multibagger realty stocks seem unstoppable?
Experts recommend considering REITs alongside multibagger realty stocks due to rising demand for office space. SEBI's regulations have made REITs more accessible to retail investors, boosting market liquidity.
Smallcap EV stock surges 20% after winning a billion-dollar Philippines deal
Shares of small-cap EV manufacturer Wardwizard Innovations and Mobility (WIML) soared by 20% on the BSE during Monday's trading session, reaching the day’s high of Rs 62.71. This surge was fueled by the company's announcement of securing a $1.29 billion contract from a Philippines-based company, Beulah International Development Corporation.
GRSE shares surge 8% after it becomes L1 bidder for DRDO order
GRSE further informed that the deal is still in its negotiation phase and has not been signed yet. The company has given multibagger returns of 169% to its investors in the last year while in the last 6 months, the shares of GRSE have increased by 60.3%.
Suzlon Energy to get $14 million FII boost from MSCI rejig after 386% returns in one year
Suzlon Energy's shares are poised to receive a $14 million boost from passive inflows due to increased weightage in the MSCI global standard index, as per Nuvama report.
Vedanta shares to get $54 million FII boost in MSCI reshuffle after 83% rally in 6 months
Vedanta's Q4 net profit down by over 27% YoY in March quarter. Investor sentiment remains positive with target prices raised. Chairman Anil Agarwal plans $20 billion investments in technology, electronics, and glass sectors in four years to diversify business activities.
Buy Macrotech Developers, target price Rs 1415: Motilal Oswal
Macrotech Developers Ltd. key Products/Revenue Segments include Property Development, Land Development Rights, Other Operating Revenue, Rental Income and Building Materials for the year ending 31-Mar-2023.
Shares of Macrotech Developers drop 5% after Q4 results
Revenue from operations also grew 23% from a year ago to Rs 4,020 crore and the real-estate developer also recorded its best-ever quarterly and annual pre-sales performance.
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