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JM Financial board okays plan to consolidate debt, distressed credit business under one platform JM Financial will increase its stake in JM Financial Credit Services to 89.67% and JMFCSL will acquire 71.79% stake in JM Financial Asset Reconstruction Company from JMFL for Rs 856 crore.
06 Jul, 2024, 05.58 PM ISTHigh-dividend stocks: Coal India, ITC, Infosys, 8 more counters fit the bill Coal India boasts the highest dividend yield among its peers, at 5.1%, and is currently trading at a P/E multiple of 8.9.
06 Jul, 2024, 01.35 PM ISTCoforge acquires 17% stake in Cigniti Technologies for Rs 645 crore A total of 46.18 lakh shares of Cigniti were sold by Kukunuru Madhava Lakshmi, Kukunuru Kumar Bapuji, Sapna and Chakkilam at the same price. Shares of Cigniti Technologies fell 1.28 per cent to close at Rs 1,367.20 per piece on the NSE.
05 Jul, 2024, 10.35 PM IST- ADVERTISEMENT
Mukul Agrawal buys 6.5% stake in this multibagger smallcap stock during first quarter ASM Tech's ownership is primarily held by promoters (47.36%), with the remaining 42.64% held by the public. Notably, neither mutual funds nor foreign portfolio investors hold significant stakes in the company.
05 Jul, 2024, 09.28 PM ISTDolly Khanna buys 1.03% stake in multibagger smallcap stock with 222% YTD growth Khanna purchased 1.76 lakh shares of the company during the first quarter of the year. The company's ownership is primarily held by promoters, who control 72% of the shares. The remaining 28% of the company's shares are owned by public shareholders.
05 Jul, 2024, 08.24 PM ISTYES Bank shares surge 10% amid high volumes, remain unbeaten for third straight day The private lender announced a 15% increase in loans and advances for the first quarter of the 2024 fiscal year, ending in June. The company's loan portfolio reached Rs 2.29 lakh crore during this period, a significant rise from Rs 2 lakh crore in t...
05 Jul, 2024, 03.43 PM ISTStock Radar | Time to buy? REC breaks out of 3-week consolidation: Shivangi Sarda “REC stock has come out of its consolidation of the last three weeks and trading above its higher band. Traders can buy for a target of Rs 585 in the next 1-2 weeks,” says Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Fi...
05 Jul, 2024, 07.00 AM ISTStock Radar: Multibagger in a year! REC breaches 3-week consolidation; time to buy? The stock price surged 242% from Rs 164 on July 4, 2023, to Rs 562 on July 3, 2024, reaching a record high of Rs 607 on June 3, 2024. However, it couldn't sustain the momentum and consolidated around Rs 500 for three weeks before finally breaking ou...
05 Jul, 2024, 05.00 AM ISTLIC raises stake in IDFC First Bank by 0.2% to 2.68% via private placement IDFC First Bank has underperformed in the market over the past year, gaining only 3% and declining 8% year-to-date. The stock is currently trading 24% below its 52-week high of Rs 100.74.
04 Jul, 2024, 07.46 PM ISTTechnical Breakout Stocks: How to trade Cochin Shipyard, Bajaj Holdings and Mazagon Dock on Friday? Cochin Shipyard rose 10%, Bajaj Holdings & Investments Ltd gained over 5% and Mazagon Dock closed with gains of nearly 20% to hit fresh record highs.
04 Jul, 2024, 07.07 PM ISTStock Radar: Wipro eyeing a breakout above February 52-week high; time to buy? Wipro hit an all-time high of Rs 739 on October 14, 2021, but the rally lost steam immediately after. Nearly three years later, it rallied to a 52-week high of Rs 546 on February 19, 2024. Since then, the stock has been facing a price correction. Ho...
04 Jul, 2024, 06.33 PM ISTRaymond board approves demerger of realty biz to unlock growth potential The company anticipates numerous benefits from the proposed restructuring of its real estate business. This is due to the distinct nature of risks, competition, challenges, opportunities, and business methods between the real estate and remaining op...
04 Jul, 2024, 05.45 PM ISTMomentum Pick: Will Zomato's 21% returns over a month and technical breakouts trigger another leg of rally? Zomato shares surged 21% since June 4, outperforming the Sensex's 11% rise. Analysts predict up to 20% additional gains. The stock hit a 52-week high of Rs 213.80, closing at Rs 208.15. Momentum indicators show shares trading above 50 and 200-day SM...
04 Jul, 2024, 10.48 AM ISTThis Ashish Kacholia-backed multibagger stock to split one equity share into 10 On Wednesday, Aditya Vision closed at Rs 4,572.95, up by Rs 93.75 or 2.09%. On Monday, it hit a 52-week high of Rs 4,800. Over the last 12 months, this stock has delivered multibagger returns of 186%. In 2024, its returns so far stand at 33%.
03 Jul, 2024, 09.29 PM ISTFitch assigns 'BBB+' rating on Larsen & Toubro; outlook stable The company's strong market position as a leading global engineering and construction firm, combined with above-average profitability and solid revenue visibility, is reflected in its ratings. The credit rating agency noted that the stable outlook i...
03 Jul, 2024, 06.20 PM ISTThese 8 bank stocks can give 20-40% returns in 1 year, according to analysts Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate ...
03 Jul, 2024, 05.17 PM ISTStock Radar: GHCL breaks out of Triangle Pattern, eyes fresh 52-week high GHCL, a small-cap chemical stock, hit a 52-week high in September 2023 but subsequently declined. After bottoming out in March 2024, the stock regained momentum but failed to sustain it. It witnessed resistance above 500 levels but found support abo...
03 Jul, 2024, 05.00 AM ISTStock Radar: Hindustan Unilever could hit fresh record high in July series; here’s why Hindustan Unilever is poised for growth, supported by strong technical indicators and positive derivatives data. With potential for fresh highs, the stock is showing resilience after a short correction and is expected to perform well in the July ser...
02 Jul, 2024, 12.26 PM ISTKotak Equities initiates coverage on JB Chemicals with a target price of Rs 2,025 “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 Equ...
01 Jul, 2024, 03.56 PM ISTAxis Securities initiates coverage on Inox Wind, sees upside potential of 30% Domestic brokerage firm ICICI Securities initiated coverage on Inox Wind (IWL) with a target price of Rs 185 stating that the company is well-positioned to benefit from the tailwinds in the wind sector.
28 Jun, 2024, 03.39 PM IST