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Sodhani Academy’s SME IPO will open for subscription today and close on September 17. The company aims to raise Rs 6.12 crore by offering shares at Rs 40 each. The proceeds will be used for capital expenditure and general corporate purposes. The shares are expected to list on the BSE Continue Reading

Zomato Share Price: Shares of Zomato surged 4% to a new high of Rs 283.60 after UBS maintained a buy rating with a target price of Rs 320. The growth optimism follows Zomato’s acquisition of Paytm’s ticketing business and positive outlooks from Jefferies and JP Morgan. The stock has risen Continue Reading

NBCC Share Price: NBCC shares rose nearly 5% to Rs 183.70 during Thursday’s intraday trade on the BSE following the announcement of a significant deal with MTNL. The companies signed a MoU on September 11, 2024, to develop a 13.88-acre land parcel on Pankha Road, New Delhi, into a modern Continue Reading

YES Securities has identified four stocks with significant growth potential, offering up to 27% gains. The key picks include RR Kabel, L&T, FIEM Industries, and Chambal Fertilizers. These stocks are expected to benefit from factors like infrastructure spending, increased electrification, LED adoption in vehicles, and favorable agricultural conditions.

On the options front, maximum Call open interest (OI) is at the 25,000 strike, followed by 25,500, while maximum Put OI is at 24,500, followed by 24,700. Call writing is observed at the 25,000 and 25,100 strikes, and Put writing at the 24,500 and 24,700 strikes.

Global Macro Strategist Arnab Das from Invesco discusses the synchronized slowdown of major oil consumers and its impact on demand. He anticipates a 25 basis point rate cut by the Federal Reserve, citing persistent inflation in housing costs. Das also comments on the stability of oil prices amid geopolitical tensions Continue Reading

Investors are increasingly turning to gold ETFs due to favorable tax changes, reduced customs duty, and the absence of new Sovereign Gold Bonds. Over the past four months, gold ETFs have seen significant inflows, driven by these factors and geopolitical uncertainties that are expected to keep gold prices strong.

Varun Beverages shares rose by 6% to an intra-day high of Rs 665.65 on BSE as the stock began trading on an ex-split basis. The record date for the 2:5 stock split was September 12, 2024. The company reported a profit after tax of Rs 1,261.83 crore for Q2 FY24, Continue Reading

State-owned BEML and Garden Reach Shipbuilders (GRSE), along with 74 other companies, are expected to be in the spotlight today as they have designated September 13 as the record date for identifying shareholders eligible for dividend payments.

Seven stocks, including Aarti Industries and Bandhan Bank, are under F&O trade ban due to high open interest. The ban is lifted only if the open interest falls below 80%. Indian equity indices ended lower on Wednesday amid volatility, influenced by auto, metal, and banking stocks ahead of key US Continue Reading