PAYTM ADITYA BIRLA CAPITAL
Federal Bank, Bharat Forge among 6 midcap stocks that hit new 52-week highs on Thursday
Indian headline equity indices were mostly muted on Thursday as investors booked profits after the benchmarks hit record highs this week, and as financial and pharmaceutical stocks dragged. Meanwhile, in today's trading session, six midcap stocks from the Nifty200 index hit a new 52-week high. Here's the list:
Aditya Birla Capital to sponsor Indian team at Paris Olympics 2024
Aditya Birla Capital has partnered with the Indian Olympic Association as the Official Sponsor of Team India at the Paris Olympics 2024. The partnership includes launching a marketing campaign featuring India’s leading athletes and brand activations to generate nationwide support for the Indian Olympic contingent.
F&O stocks: IDFC First Bank, Aditya Birla Capital among 5 stocks with long buildup
Bulls likely to dominate with fresh long positions on United Spirits, Cholamandalam Investment, Laurus Labs, IDFC First Bank, and Aditya Birla Capital as stock prices and open interest increase.
A small allocation to quant theme may be worth a try
Experienced equity mutual fund investors can consider allocating to Aditya Birla Sun Life Quant Fund NFO managed by Harish Krishnan. New investors should stick to diversified equity mutual funds. The NFO closes on June 24 with a 0.5% exit load.
Aditya Birla Sun Life Mutual Fund launches Aditya Birla Sun Life Quant Fund
Aditya Birla Sun Life has launched Aditya Birla Sun Life Quant Fund, an open-ended equity scheme following Quant-based investment theme. The New Fund Offer (NFO) is open for subscription and will close on June 24.
Hindalco defers Novelis’ $945 mn US listing
Hindalco Industries has postponed the proposed $945-million listing of Novelis Inc due to concerns about potentially below-premium valuations for the US subsidiary impacting the valuation of the Indian entity listed in Mumbai.
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Buy Aditya Birla Capital, target price Rs 270: ICICI Securities
Aditya Birla Capital Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 59683.50 Crore) operating in NBFC sector.
Mukesh Ambani's fintech juggernaut starts rolling: The road ahead
Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will form a strong databank for JFSL.
F&O Ban: ABFRL, Vodafone among 4 stocks under trade ban on Thursday
On Thursday, ABFRL, GMR Airports Infrastructure, Hindustan Copper, and Vodafone Idea are under the F&O trade ban, while Piramal Enterprises exited the ban. GMR Airports Infrastructure is a new addition. Stocks enter the ban when OI exceeds 95% of MWPL and exit when it falls below 80%
Stocks in news: Apollo Hospitals, Muthoot Finance, Tata Steel, Kfin Tech, RR Kabel
Tata Steel Ltd on Wednesday reported 64% fall in its consolidated net profit at Rs 611 crore for the fourth quarter, compared with Rs 1,705 crore in the same quarter a year earlier.
Hindalco unit Novelis to debut on NYSE in 2 weeks at likely valuation of $12.6 bln
Hindalco will raise up to $945 million at the upper end of the proposed price range. Including a green-shoe option, whereby it could offer another 6.75 million shares, or a 1.1% stake, in case of overallotment, the total proceeds for the sole shareholder of Novelis could go up to $1.09 billion.
Hindalco's US arm Novelis to list on NYSE in 2 weeks
Novelis IPO: 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.
F&O Ban List: Biocon, GNFC among 5 stocks under trade ban on Tuesday
Stocks under F&O trade ban: Biocon, Hindustan Copper, Vodafone Idea, Piramal Enterprises, ABFRL (new). GNFC exited ban.
ABFRL Q4 Results: Net loss widens to Rs 266.35 crore YoY
Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.54 crore during the January-March quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL).
F&O Ban List: Biocon, GNFC among 5 stocks under trade ban on Tuesday
Five stocks including Biocon and GNFC are on the F&O trade ban list. Hindustan Copper, Vodafone Idea, and Piramal Enterprises also affected. Ban triggered when open interest exceeds 95% of market limit, lifted at 80%.
Aditya Birla Group crosses $100 billion market capitalization milestone
The group has seen a surge of 11.42% this year. Vodafone Idea's successful Rs 18,000-crore FPO single-handedly effected a re-rating of the group stocks. The conglomerate’s market capitalisation rise has outrun Sensex, Nifty on a year-to-date basis.
F&O Ban List: Aditya Birla Capital, IEX, Bandhan Bank among 11 stocks under trade ban on Friday
Eleven stocks faced Futures and Options trade ban, while Biocon and Vodafone Idea exited. Sensex and Nifty soared to new peaks in Thursday’s session.
JSW Group's paint biz turns profitable; aims Rs 5,000 cr sales by FY26
JSW Paints, a leading Indian paints company, has crossed Rs 2,000 crore in revenue in FY24 and achieved its first operating profit in five years. The company aims for Rs 5,000 crore revenue in the next two years by expanding its retail presence in the home decorative business and adding more products in the industrial coating business. JSW Paints is aiming to grow faster than the market, with a target of 5 to 10 times the market growth. The company has a network of 6,000 retailers across the country and has invested Rs 900 crore in its decorative and industrial coating business.
F&O Ban List: Aditya Birla Capital, PNB, Vodafone Idea among 13 stocks under trade ban on Thursday
Thirteen stocks, including Aditya Birla Capital and Zee Entertainment, are under the F&O trade ban due to MWPL and OI criteria. Indian indices closed higher on Wednesday, with Sensex gaining 267 points and Nifty surging 69 points.
Grasim Q4 revenue at record Rs 37,727 crore
While operating profit of the flagship company of the Aditya Birla Group jumped by a little over a fourth to ₹6,196 crore during the quarter, also an all-time high, the net profit remained flat on year at ₹1,370 crore. Adjusted for an exceptional item charge of ₹538 crore, the bottomline rose by two-fifths on year.
Vi board approves allotment of equity shares worth Rs 2,075 crore to ABG entity
Vi's board approved allotting equity shares worth Rs 2,075 crore to an Aditya Birla Group entity, marking the conclusion of its over Rs 20,000 crore fundraising plan via the equity route.
The super app bandwagon; Tata Digital revamped
Happy Tuesday! Traditional financial services firms are the latest to launch so-called super apps. This and more in today’s ETtech Morning Dispatch.
Traditional financial services catch the super app bug
Financial services companies such as Aditya Birla Capital, Angel One and Muthoot Fincorp are building superapps -- a one-stop applications for all their customers' needs. This development comes as large groups such as Reliance Industries and Tata Group have already rolled out such superapps for everything from shopping to payments and credit under one roof.
JSW Steel, Aditya Birla Capital among 5 stocks with top long unwinding
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Saturday's trading session, five stocks witnessed a top long unwinding. Here's the list:
Aditya Birla Capital Q4 Results: Net profit doubles to Rs 1,245 crore
Aditya Birla Capital on Monday reported a two-fold rise in profit to Rs 1,245 crore on a consolidated basis for the fourth quarter ended March 2024. The company posted a net profit of Rs 609 crore in the same period a year ago.
Paytm shares jump nearly 10% in 2 days after hitting all-time low
The stock fell 20% for two consecutive days after January 31, when the Reserve Bank of India imposed restrictions on Paytm Payments Bank including accepting fresh deposits and doing credit transactions. On March 11, the RBI barred Paytm Payments Bank from onboarding new customers.
Paytm shares hit 5% upper circuit on dip buying
Paytm Share Price: The stock, which stooped to a new all-time low of Rs 310 on Wednesday, witnessed a reversal on Thursday amid strong volumes with over 88 lakh shares getting traded on the NSE around 12:20 pm.
Paytm shares plummet 5%, hit all-time low as lending partners invoke loan guarantees
Paytm Share Price: Paytm shares plummeted to an all-time low after Aditya Birla Finance invoked loan guarantees due to repayment defaults. Other partners like Piramal Finance and Clix Capital have also terminated their partnerships, reflecting stress in Paytm's lending business amidst regulatory actions and market conditions.
Paytm’s lending biz in trouble; inside Tata Digital’s top-level churn
Happy Wednesday! Paytm’s lending business has hit a roadblock as partner NBFCs have stopped issuing loans. This and more in today’s ETtech Morning Dispatch.
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