Aditya Welekar from Axis Securities suggests that increasing the import duty on steel could positively impact Indian steel prices, though they would still remain higher than Chinese prices. Despite some price hikes by domestic mills, the outlook on steel stocks remains negative due to ongoing pressure from Chinese imports and Continue Reading
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Bullish on equities in the short and long-term, in medium term, bonds make sense: Herald Van Der Linde, HSBC
Herald Van Der Linde from HSBC suggests investors remain positive on equities but avoid crowded trades. He highlights the potential of income-centric investments like bonds in the medium term. The global market outlook is influenced by AI trades and interest rate cuts, with India positioned well despite some stress points.
GIC Re shares tumble over 5% as government offloads stake via OFS
GIC Share Price: Shares of General Insurance Corporation (Re) of India dropped by 5.4% to Rs 398.60 as the government began selling its 6.78% stake via an offer for sale at a floor price of Rs 395 per share. The total size of the OFS is estimated at Rs 4,701 Continue Reading
11 passive mutual funds lost over 2% in August. Have you invested in any?
In August, around 11 passive mutual funds lost over 2%, with defense, PSU banks, PSU stocks, and real estate being the hardest-hit sectors. Of approximately 319 passive funds, 42 reported negative returns. The Motilal Oswal Nifty India Defence Index Fund saw the largest loss at 7.88%, while PSU bank-focused ETFs, Continue Reading
SME IPOs look like a tale of listing day boom and then gloom
Getting an allotment in an SME IPO can feel like winning a lottery, so it’s wise to book profits on the listing day. In 2024, two-thirds of the 166 SME IPOs have yielded at least a 50% return, with 67 doubling investors’ money, often on Day 1. However, after the Continue Reading
OMCs drop up to 5% as crude prices plummet
ONGC declined to the day’s low of Rs 309.2, with a fall of 4.2%. Chennai Petroleum Corporation shares dropped 5% to a low of Rs 933.3. GAIL and Oil India also witnessed a slide of up to 2%. Crude oil prices continued to slip on Wednesday. The US crude futures Continue Reading
Moneymakers! Lupin among 7 small and midcap stock bets with up to 31% upside scope
In the past month, the benchmark index Nifty 50 increased by 1.1%, while the Midcap and Small Cap indices rose by 0.5% and 1.2%, respectively.
Be a little cautious now; top 3 ideas to consider in this market: Hemang Jani
Hemang Jani, a market expert, indicates that the recent market momentum may taper off but highlights potential in defence and clean energy sectors due to structural reforms. He recommends cautious investment in specific companies like Deepak Nitrite and BEL amidst broader market volatility, advising against getting carried away by past Continue Reading
Unlocking Growth: Bajaj Housing Finance set for IPO as it eyes market expansion
We believe there is a sufficient or a very large market opportunity available in the mortgage space. The market is very large. Even to the size and the scale what we have reached, we remain a very small portion of the overall mortgage market, because mortgage market is the largest Continue Reading
Paramatrix Technologies shares list at 5% premium over issue price
Paramatrix Technologies Share Price: Paramatrix Technologies’ shares listed on the NSE SME platform with a 5% premium, debuting at Rs 115 against an issue price of Rs 110. The IPO, a fresh equity sale of 30.76 lakh shares, was subscribed over nine times. Funds will be used for infrastructure, service Continue Reading