Ocean of Knowledge
Equity markets will be closed on Monday due to the Mumbai elections, according to the BSE holiday calendar. All segments, including equity, derivatives, and SLB, will be closed. The Multi-Commodity Exchange (MCX) will be closed for the morning session but open for the evening session, reported Economic Times. In addition to the Mumbai elections on…
‘Narrative’ stocks in sectors such as capital goods, defense, electricity, EMS, railways, renewables and PSU sectors are trading at ‘unfathomable’ multiples ahead of exit polls and election outcome. Kotak Institutional Equities said such stocks are precariously positioned with their frothy market capitalisations and valuations supported by a combination of optimistic assumptions and ‘rich’ multiples based…
What will it take to unsettle the markets? On Tuesday, the bourses side-stepped Lok Sabha election volatility to hit a significant milestone by generating $1 trillion in wealth in six months. The total market capitalisation of all BSE-listed companies hit $5 trillion, increasing by more than $633 billion since January this year. Dalal Street moved…
At least a dozen smallcap shares delivered 50-100 per cent since Lok Sabha elections 2024 kicked off on April 19. The rally in these smallcap shares were seen in the backdrop of a mere 2 per cent rise on Sensex and Nifty during the same period. With the election outcome just a week away, analysts…
A couple of stocks including IRB Infrastructure Developers Ltd, RR Kabel Ltd and KFin Technologies Ltd were on investor radar in Thursday’s trade amid reports of block deals on the counters. At 9.15 am, shares of IRB Infra were trading 11.95 per cent lower at Rs 64.05. RR Kabel was up 3.47 per cent at…
Read More “Block deals today: IRB Infrastructure, RR Kabel and KFin Technologies; shares react –” »
Private equity firm TPG Asia VII SF Pte Ltd may sell its entire 5% stake in leading cable company RR Kabel via block deals, CNBC Awaaz reported on Wednesday. The US-based equity firm is looking to sell 56.33 lakh shares worth Rs 1,000 crore in the company via the block deals. The price is at…
Read More “RR Kabel: TPG Asia to sell entire 5% stake worth Rs 1,000 crore via block deals –” »
Paytm‘s Vijay Shekhar Sharma on Wednesday said that the fintech firm is expecting a near-term impact on its revenue and profitability from the Reserve Bank of India’s regulatory crackdown it faced earlier this year. In a letter to shareholders, Sharma said that the company is expecting near-term financial impact to revenue and profitability due to…
A total of 52 BSE PSU index stocks multiplied their market capitalisation (m-cap) by nearly 5 times in the past four years. At least eight PSU stocks namely Rail Vikas Nigam Ltd, Hindustan Aeronautics Ltd, Cochin Shipyard Ltd, Hindustan Copper Ltd, Indian Bank, Bharat Dynamics Ltd, Bharat Electronics Ltd and Housing & Urban Development Corporation…
Jorhat, May 31: Torrential rains have resulted in significant flooding across various areas of Jorhat.Several areas, including Attilagaon, New Colony, Sonari village, Kushal Nagar, Choladhara, and Tarajan have been submerged under water. This has led to severe disruption in daily life.Many roads leading to schools, colleges, offices, and residences are submerged, forcing many residents to…
Guwahati, May 31: A terrifying incident occurred in Guwahati where a youth attempted to kill a young woman with a knife on Thursday.The incident unfolded in Guwahati‘s Beltola Survey area at an apartment.As per sources, the victim works at B Borooah Cancer Institute, and the victim’s colleague alleged that a person identified as Amit Bhowmick…