Investors have become very selective about picking stocks. In fact, they are betting on just 10% of stocks out of the total traded counters. Consequently, while benchmark indices have fallen by up to 10% from their 52-week highs, 90% are trading much below that. That is, over 4,400 stocks — about 90% of the total
One of India’s most successful and very reclusive super investors, Nemish Shah deserves to be called a Warren Buffett of India. Any movement in his rarely changing portfolio, grabs the attention of everyone in the market. Nemish Shah currently holds only 6 stocks in his portfolio worth over Rs 3,060 cr. But what has caught
A question that investors on Dalal Street are increasingly asking – has the red-hot sales growth for leading retail chains showing signs of cooling off? The above development comes at a time with consumers increasingly turning cautious — several sectors including the IT, diamond and textiles have been facing a rather difficult operating environment amidst the
Regaal Resources IPO was subscribed 159.88 times on the final day of bidding on August 14. The issue received 335 crore bids for the offered 2.09 crore equity shares. Regaal Resources IPO’s Non-Institutional Investors portion was subscribed 356.73 times, receiving 160 crore bids for 44.9 lakh shares. The issue’s Qualified Institutional Buyer portion was subscribed
Capital markets regulator SEBI has banned Dewan Housing Finance Corporation Ltd’s former Chairman and Managing Director, Kapil Wadhawan, ex-director Dheeraj Wadhawan, and four others from the stock markets for up to five years and slapped a penalty of Rs 120 crore on them for diverting funds and fabricating books. They have also been barred from
The Indian stock market ended the day on a cautious note, with key indices closing in the red. The Sensex settled at 80,252.75, slipping by 0.44%, while the Nifty dropped to 24,487.40, down by 0.4%. The banking index, Nifty Bank, also followed the trend, closing at 55,043.70, lower by 0.84%. Let’s take a look at
The Indian stock market ended Monday on a positive note, with both the Sensex and Nifty closing higher. The Sensex finished at 80,604.08, rising by 0.93%, while the Nifty wrapped up at 24,585.05, also up 0.91%. Banking stocks joined the rally as the Nifty Bank gained 0.78%, closing at 55,432.65. Let’s dive into the key
Shares of several companies, such as Reliance Industries, Jio Financial Services, ICICI Bank, Container Corporation of India, InterGlobe Aviation, and others, are likely to trade ex-dividend next week, according to BSE. Several major companies have declared a range of corporate actions, such as bonus issues, stock splits, share buybacks, and more. What is an ex-dividend
The deadline for filing Income Tax Return is fast approaching and many taxpayers across India must still be rushing to file their ITR for FY 2024-25 (AY 2025-26). While the e-filing system has simplified tax submissions, last-minute filings often lead to errors. These errors can result in penalties, delayed refunds or in some cases, even
Adani Power and Bhutan’s state-owned generation utility, Druk Green Power (DGPC), on Saturday signed an agreement to set up a 570 MW Wangchhu hydroelectric project in the Himalayan kingdom of Bhutan. The Wangchhu project will see an investment of about Rs 6,000 crore in setting up the renewable energy power plant and related infrastructures. ALSO
The Indian equity market continues to underperform EM peers for the second straight week. The Nifty is stuck in a tight range below the 25,000 mark. The story is not very different if you track the Sensex, either. On a 12-month basis, the MSCI India Index is down 10% compared to the MSCI EM Index
Health insurers may need to raise premiums by 3–5% to offset the loss of input tax credit (ITC) after the full GST exemption on individual life and health policies, Kotak Institutional Securities said in a report. The brokerage noted that despite a possible price hike, customers would still benefit from a 12–15% reduction in prices
The tax reforms unleashed by the government has missed an important segment of fast-moving consumer goods (FMCG), namely, detergents. The Rs 45,000-crore category, among the largest FMCG segments in India, continues to attract an 18% GST. There has been no rationalisation of tax there, even as some other daily-use items such as soaps, hair oils
