StockMarket

SBI says it continues to lend to NBFCs
MUMBAI: Amid growing fears of defaults by non-banking finance companies, country’s largest lender State Bank of India on Friday said it will continue to fund the sector as it feels the problems facing the industry are not very grave and system-wide.

The bank does not consider the crisis plaguing the shadow banks is grave as only one or two of them

Details
Category: Stock Market

Write comment (92 Comments)

M M picks up 11.25% in Swiss Agri-tech firm Gamaya
Mumbai: Homegrown automaker Mahindra - Mahindra's farm equipment sector (FES) has picked up a 11.25% stake in Swiss agri technology firm Gamaya SA in line with its strategy of making superior farming solutions easily accessible to the global farming community.

The company will pay 4.3 million dollars ( Rs 30 crore) to subscribe to 300 common

Details
Category: Stock Market

Write comment (96 Comments)

Jet Airways, GRUH Finance among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 141.08 points down at 39,600.28 on account of selling in frontline bluechip counters.

Shares of Mohit Industries (down 17.57 per cent), Inani Marbles (down 16.91 per cent), Trejhara Solutions (down 14.74 per cent), Starlite Components (down 14.55 per cent), Jet Airways (down 11.47 per

Details
Category: Stock Market

Write comment (97 Comments)

M M acquires 11.25% in Gamaya for $4.3 million
MUMBAI: Homegrown automaker Mahindra - Mahindra's farm equipment sector (FES) has picked up 11.25 per cent equity stake in Swiss agri technology firm Gamaya SA for a consideration of $4.3 million (Rs 30 crore), it announced on Friday.

The company, which participated in the series B funding round for the asset, will subscribe to 300 common

Details
Category: Stock Market

Write comment (100 Comments)

Jet plunges over 13%, hits all-time low
NEW DELHI: Shares of Jet Airways tanked over 13 per cent to hit an all time low of Rs 79.65 in Friday's session after reports that DGCA has cancelled critical authorisations to Jet Airways’ engineering department.

ET reported, quoting sources, that India’s aviation regulator has cancelled critical authorisations to Jet Airways’ engineering dep

Details
Category: Stock Market

Write comment (91 Comments)

By Narendra Nathan

The previous series covered the concept of trend lines. If you look at several trend lines closely, you will observe that in some cases the price that is being bounced from a trend line returns to the trend line after oscillating some distance either way (i.e. up or down). If you connect these points, (the points from where the

Details
Category: Stock Market

Write comment (98 Comments)

MUMBAI: Mortgage lender Housing Development Finance Corporation (HDFC) on Friday said it has sold 3.1 crore shares or 4.22% stake in Gruh Finance for Rs 899.43 crore.

The sale was carried out through stock exchanges at the prevailing market price, said HDFC in a notification to the stock exchanges. The average price was Rs 290.14 per share. “Post c

Details
Category: Stock Market

Write comment (91 Comments)

Expediting market development key to achieving long-term growth potential
By Vikram Limaye

A decisive political mandate has raised expectations on the policy and reforms front. The finance minister has to balance fiscal prudence with the need for stimulating and incentivising growth and employment. The global economic slowdown is not helpful and geopolitical and economic risks remain elevated. Domestically, growth has

Details
Category: Stock Market

Write comment (94 Comments)

Sell Ajanta Pharma, target Rs 935: Shubham Aggarwal
Shubham Aggarwal of Quantsapp Advisory has a sell call on Ajanta Pharma Ltd. with a target price of Rs 935. The current market price of Ajanta Pharma Ltd. is Rs 959.95 Time period given by the analyst is Intra Day when Ajanta Pharma Ltd. price can reach the defined target. Shubham Aggarwal recommended to keep stoploss at Rs 1015. Ajanta Pharma
Details
Category: Stock Market

Write comment (100 Comments)

MUMBAI: The turnaround initiative at the KKR-funded Sintex Plastics Technology appears to have taken a difficult turn. The promoters did not exercise their right of conversion of warrants, and defaulted in meeting repayment commitments at their other listed company, Sintex Industries, earlier this week.

Analysts, therefore, are advising investors t

Details
Category: Stock Market

Write comment (92 Comments)

Rel Cap, Rel Home Finance plumb fresh 52-week lows
NEW DELHI: Hitting their fresh 52-week lows, shares of Reliance Capital fell nearly 7 per cent to Rs 78.10 while those of Reliance Home Finance declined over 4 per cent to Rs 14.30 in Friday's session.

Both stocks looked set to extend their losing streak to third consecutive session amid reports that Sebi and the Ministry of Corporate Affairs are

Details
Category: Stock Market

Write comment (90 Comments)

Hold Tata Motors, target Rs 186: Edelweiss Securities
Edelweiss Securities has given a hold recommendation on Tata Motors with a target price of Rs 186.

Shares of Tata Motors traded at Rs 165.15 around 11:45 am on 13 June, 2019. The brokerage has set a one-year horizon for the stock to hit the target price.

Highlights from Jaguar Land Rover’s (JLR) investor day held on June 5:

  • The company is
Details
Category: Stock Market

Write comment (91 Comments)

MUMBAI: HSBC has raised target price on Housing Development Finance Corporation (HDFC) as it believes that the mortgage giant is well positioned for potential market share gains in the current uncertain environment. HSBC has raised target price to Rs 2,500 from Rs 2,195 and maintained ‘buy’ rating.

This target price increase comes after the recent

Details
Category: Stock Market

Write comment (95 Comments)

Stock market update: Realty shares dip; DLF slips 4%
NEW DELHI: Most realty shares were trading in the negative zone in Friday's morning session.

Shares of Indiabulls Real Estate (down 4.27 per cent), DLF (down 3.97 per cent) and Oberoi Realty (down 2.47 per cent) were the top losers in the index.

Sunteck Realty (down 1.62 per cent), Sobha (down 0.33 per cent) and Mahindra Lifespace Developers (down

Details
Category: Stock Market

Write comment (99 Comments)

Share market update: Telecom shares down; Sterlite Tech slips over 5%
NEW DELHI: Telecom shares were trading with losses in Thursday's afternoon session.

Shares of Sterlite Technologies (down 5.15 per cent), Reliance Communications (down 4.94 per cent), Tata Teleservices (Maharashtra) (down 4.87 per cent) and GTL (down 4.03 per cent) were trading lower in the telecom pack.

OnMobile Global (down 2.83 per cent),

Details
Category: Stock Market

Write comment (93 Comments)

BOI AXA schemeNAV slumps 15.34% on Sintex BAPL writeoff
MUMBAI: BOI AXA Credit Risk, a debt mutual fund scheme that invests in lowly-rated papers, saw its net asset value (NAV) dip by 15.34 per cent on Thursday after the fund house wrote down 55 per cent of its investments in Sintex BAPL, a subsidiary of Sintex Plastics.

Earlier on Wednesday, parent Sintex Industries defaulted on its repayment of about

Details
Category: Stock Market

Write comment (100 Comments)

Share market update: Nifty Pharma index down; Aurobindo Pharma dips 2%
NEW DELHI: Pharma shares were trading with losses in Friday's morning session with their sectoral index trading lower.

Shares of Aurobindo Pharma (down 2.06 per cent), Biocon (down 1.98 per cent), Divi's Laboratories (down 1.88 per cent) and Dr. Reddy's Laboratories (down 1.55 per cent) were the worst performers in the index.

Cadila Healthcare

Details
Category: Stock Market

Write comment (99 Comments)

TCS hits record high; chart suggests more upside
Shares of India's top software services exporter Tata Consultancy Services gained nearly 1 per cent to hit a record high of Rs 2,282.70.

The largest listed Indian company by market value broke above a resistance at Rs 2,261.75, the 50 per cent Fibonacci projection level of the uptrend from January 15 low to April 30 high.

Breakout suggests that in

Details
Category: Stock Market

Write comment (98 Comments)

Wall Street drops as Broadcom warning hits chip sector
Wall Street's main indexes dropped on Friday, as shares of chipmakers sank on a warning from sector major Broadcom of a broad weakening in global demand and Chinese data pointed to the worst slowdown in industrial growth in 17 years.

Shares of Broadcom Inc plunged 6.83% after it cut its full-year revenue forecast by $2 billion, blaming the

Details
Category: Stock Market

Write comment (92 Comments)

Stock market update: IT shares mixed; Tata Elxsi up over 1%
NEW DELHI: IT shares were trading on a mixed note in Friday's morning session.

Shares of Tata Elxsi (up 1.71 per cent), Wipro (up 0.97 per cent), Infibeam Avenues (up 0.44 per cent) and Infosys (up 0.30 per cent) were the top performers in the index.

Tech Mahindra (down 0.71 per cent), Oracle Financial Services Software (down 0.37 per cent), NIIT

Details
Category: Stock Market

Write comment (93 Comments)

Beware! Soaring mercury may not swell returns on AC stocks this summer
NEW DELHI: With the mercury level topping 50-degree Celsius in many parts of India in the ongoing heatwave, demand for cooling products has revived after a tepid start to the season due to a delayed onset of the summer.

Analysts say the demand recovery may not help bottom lines or stock prices, as sales have been propelled mainly by deep

Details
Category: Stock Market

Write comment (93 Comments)

Graphite India seeks nod to raise Rs 5,000 crore
Kolkata: Graphite India has sought the shareholders' nod to raise upto Rs 5,000 crore to meet the company's resource requirements including capex and acquisitions.

The fund will be raised in one or multiple tranches in the Indian or overseas markets, said a company resolution which was sent to the shareholders.

Graphite India did not elaborate on

Details
Category: Stock Market

Write comment (98 Comments)

Volumes on the exchange surged 132 times against two-week average.

ETMarkets.com|

Jun 14, 2019, 09.45 AM IST

Getty Images

Fall2-Think-1200HDFC has been selling stake in Gruh Finance to meet the central bank’s requirements.
NEW DELHI: Shares of Gruh Finance tumbled 7 per cent in Friday’s trade amid block deals on the counter.

This is after ET reported that mortgage

Details
Category: Stock Market

Write comment (97 Comments)

Share market update: Power shares slip; Suzlon Energy slumps 5%
NEW DELHI: Power shares were trading in the negative zone in Thursday's session.

Shares of Suzlon Energy (down 4.91 per cent), Adani Power (down 3.87 per cent), Reliance Infrastructure (down 2.42 per cent) and CG Power and Industrial Solutions (down 1.90 per cent) were trading in the red.

Thermax (down 1.80 per cent), Tata Power Company (down

Details
Category: Stock Market

Write comment (98 Comments)

Infosys to announce Q1 earnings on July 12
India's second largest software services firm Infosys will announce its financial results for April-June quarter on July 12, according to a BSE filing.

"A meeting of the Board of Directors of the company will be heldon Thursday and Friday, July 11 and 12, 2019 to consider the audited consolidated financial results of the company and its

Details
Category: Stock Market

Write comment (94 Comments)

Sensex drops 150 points, Nifty below 11,900 amid rise in crude oil prices
NEW DELHI: Indian equity benchmarks Sensex and Nifty registered muted opening on Friday, in continuation of Thursday's trend, amid elevated crude oil prices and weak rupee.

Subdued Asian peers offered no relief. Asian stocks were down as investors awaited key Chinese data to get more clarity on how the US-Sino trade war is weighing on the economy.

Details
Category: Stock Market

Write comment (96 Comments)

sensex: Top intraday trading ideas for afternoon trade for Thursday 13 June 2019 - The TheIndianSubcontinent

Never miss a great news story!Get instant notifications from TheIndianSubcontinentAllowNot now

You can switch off notifications anytime using browser settings.

News

Stock Analysis, IPO, Mutual Funds, Bonds - More

Godrej Properties is a 'Buy'

Details
Category: Stock Market

Write comment (90 Comments)

Sebi bars NDTV promoters Prannoy, Radhika Roy from accessing securities markets for 2 years
The Securities and Exchange Board of India (Sebi) banned Prannoy Roy and his wife Radhika Roy from being directors or holding any key managerial position in broadcaster New Delhi Television Ltd (NDTV) for two years. Both also can’t access the securities market for that period, the regulator said on Friday, because they didn’t disclose material and
Details
Category: Stock Market

Write comment (97 Comments)

Hexaware acquires Mobiquity Inc for $182 mn
PUNE: Mid-size IT firm Hexaware Technologies today announced the acquisition of Mobiquity Inc for about $182 million. This is the largest acquisition by the company and the combined entity aims to directly compete with large digital agencies and consulting firms. Headquartered in the US, Mobiquity is one of the largest independent customer
Details
Category: Stock Market

Write comment (98 Comments)

Share market update: OMCs trade in the red; IGL down over 1%
NEW DELHI: Most OMCs were trading in the red in Thursday's session with their sectoral index on BSE trading lower.

Shares of Oil India (down 1.85 per cent), Indraprastha Gas (down 1.64 per cent), Petronet LNG (down 1.50 per cent) and Oil And Natural Gas Corporation (down 1.14 per cent) were trading lower.

Reliance Industries (down 1.02 per cent),

Details
Category: Stock Market

Write comment (98 Comments)