The mantra from Nilesh Shah, the markets guru, is clear: Be a long-term investor, moderate your expectations on returns and buy quality rather than being driven by momentum. Shah, who wears a hat frothing with many feathers including that of group president and managing director at Kotak Mahindra Asset Management Company apart from being a
Enviro Infra Engineering IPO: The IPO opened on November 22. It will close on November 26. The company aims to raise Rs 650.43 crore. In the grey market, the stock of Enviro Infra Engineering was trading at Rs 200 or at a premium of 35% to the issue price of Rs 148 per equity share.
The MSCI rebalancing, announced earlier this month, goes live today, bringing significant changes to its indices. Indian equities are projected to attract inflows of approximately $1.9 billion, with HDFC Bank and five other stocks accounting for close to $2 billion. The MSCI Smallcap Index will see 13 additions and seven deletions, reflecting evolving market dynamics.
Go to Live UpdatesZee Entertainment Enterprises Share Price Today Live Updates, 25 Nov, 2024: Zee Entertainment Enterprises shares are in the news as CEO Punit Goenka, who resigned from the post of Managing Director last week, has also withdrawn himself from reappointment for the post in the coming AGM. The counter closed trade on 22
Go to Live UpdatesAdani Enterprises Share Price Today Live Updates, 25 Nov, 2024: Adani Enterprises shares are in the news and the counter closed trade on 22 Nov, 2024 at Rs 2229.65. The shares touched intraday high of Rs 2289.0 in the last trading session while the intraday low was at Rs 2030.0. The company’s
Zomato shares surged 7% to hit a day’s high of Rs 282.85 on the BSE on Monday, following news that the food delivery company will join the prestigious BSE Sensex. Zomato is set to replace JSW Steel in the 30-stock benchmark index as part of the upcoming reconstitution, effective December 23. On Friday, Asia Index
Adani Group’s stocks saw a significant rise of over 8% on Monday, November 25, as investor confidence was partially restored following recent legal developments. The rise came after Jugeshinder Robbie Singh, Chief Financial Officer of Adani Group, reassured investors that none of the 11 public companies under the conglomerate’s portfolio were facing indictment. In a
Go to Live UpdatesNTPC Green Energy IPO Allotment Live Updates: The company’s registrar, Kfin Technologies is set to finalise the allotment status on November 25. The refund will be initiated on November 26 while the shares to the allottees will be credited on the same date. NTPC Green Energy opened the issue on November 19 and
Most U.S. stocks rose Tuesday following an encouraging update on inflation, though drops for Eli Lilly and other influential stocks kept indexes in check. The S&P 500 rose 0.1% as three out of every four stocks in the index climbed. The Dow Jones Industrial Average added 221 points, or 0.5%, and the Nasdaq composite slipped
Infosys is likely to report muted earnings in the quarter ended December due to seasonal challenges. While revenue growth is expected to remain modest on a sequential basis, net profit is likely to see a slight increase. Analysts also anticipate a potential upward revision in the company’s revenue guidance for fiscal 2025. According to average
Fast-food chains in India are expected to feel the pressure of an ongoing economic slowdown in Q3FY25, as consumers continue to cut back on discretionary spending, particularly in urban areas, according to analysts. Despite the festive October-December quarter being crucial for quick-service restaurants (QSRs), Bernstein highlights hat high food inflation and low real wage growth
Wonderchef, the kitchen appliance brand backed by celebrity chef Sanjeev Kapoor, has turned profitable in FY24, reporting a net profit of Rs 1.5 crore, according to data from the Registrar of Companies (RoC). It was against a total loss of Rs 51.8 crore in FY23. Ravi Saxena, managing director of Wonderchef, told FE that the
Domestic debt fund managers have increased their exposure to state development loans (SDLs), as they fetch them higher yields compared with central government bonds and corporate bonds, said debt fund managers. In fact, some are even swapping central government securities with these bonds. SDLs are bonds issued by state governments to fund their fiscal deficit.
