Analysts expect margins of oil marketing companies to improve with crude prices softening. Traders could buy IOC stock for a price target of Rs 196 with a stop loss of Rs 171, said Ruchit Jain, lead research analyst at 5Paisa.com.
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IT stocks look set for recovery with pick-up in outsourcing demand
The BSE Infotech index has gained 15.9% during the period, the third highest following 20.9% return in the BSE Healthcare and 16.6% increase in the BSE FMCG indices. In addition, barring Wipro, which gained 6.5%, other top IT stocks including TCS, Infosys, HCL Technologies, Tech Mahindra, and LTIMindtree have earned Continue Reading
Nifty likely to trade in 25,800-26,650 range: Analysts
Stocks like Sun Pharma, Dr Reddy’s, M&M, Eicher Motors, UBL, HDFC Bank, Tata Power, BPCL, ICICI Bank, Polycab, ABC, and CEAT are recommended by analysts for short-term trading.
Swiggy IPO: From issue details, selling shareholders to risks, here are 10 things to know from updated DRHP
Swiggy’s upcoming ₹10,000-crore IPO includes fresh shares and an OFS, aiming to enhance its platform and expand services. Key details reveal financials, risks, and objectives for growth
Manba Finance shares debut on Monday. Here’s what GMP indicates ahead of listing
Manba Finance shares debut on Monday with a grey market premium of Rs 38, reflecting strong growth in two-wheeler loans and significant profit increase in FY24.
The illusion of control: Why so many believe they can beat the market in India
The allure of India’s stock market, driven by digital access and economic optimism, often fuels overconfidence among retail investors, leading them to believe that they can consistently outperform the market despite evidence to the contrary.
GSTN restores July, August 2017 GST returns data
The GST Network restored the monthly returns data for July and August 2017 on its portal. This move follows requests from trade and industry for more time to download relevant data before it is archived under the seven-year retention policy. Taxpayers are advised to save necessary data promptly.
Shanghai Stock Exchange to run test after transaction delay
The Shanghai Stock Exchange will conduct tests on its auction and other platforms on Sunday following an unexplained transaction delay. The delay occurred during a stock rally spurred by recent monetary and fiscal stimulus announcements. Sunday’s test aims to identify issues with processing large orders, simulating a normal trading day.
Kumar Arch Tech files draft papers to raise Rs 740 crore via IPO
Kumar Arch Tech, a manufacturer of PVC blend-based building materials, has filed for an IPO to raise Rs 740 crore. The IPO includes a fresh share issue worth Rs 240 crore and an offer-for-sale by promoters worth Rs 500 crore. Proceeds will fund capital expenditure for its subsidiary’s greenfield project.
FPIs buy Indian equities worth Rs 57,359 crore in September so far. 2024 tally crosses Rs 1 lakh crore mark
In August, FPIs bought domestic shares worth Rs 7,322 crore which was down month-on-month from July when the total purchase stood at Rs 32,359 crore.