GAGA Share Market News

[hfe_template id='11223'] [ad_1] Public sector lender Bank of Maharashtra shares are in focus on Tuesday after the bank launched a qualified institutional placement (QIP) to raise up to Rs 3,500 crore. The bank set a floor price of Rs 60.37 per share, slightly above Monday's closing price of Rs 59.8. The bank may offer up to a 5% discount on the floor price. It aims to raise Rs 1,750 crore through the base issue, with an additional Rs 1,750 crore via a greenshoe option, potentially selling up to 61 crore shares (8.6% stake) through the QIP. In April, the board approved raising Rs 7,500 crore for FY25, with shareholders approving fundraising options in June, including QIP. On Monday, Bank of Maharashtra's shares closed at Rs 60.25, up 0.7% on the BSE, while the benchmark Sensex fell 1.49%. Its shares have surged 32% in 2024 to date and 240% over the past two years, with the company currently holding a market capitalization of Rs 42,665 crore. In Q1 of FY25, Bank o...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 158.72 03:59 PM | 30 Sep 2024 1.91(1.22%) Suzlon Energy Share Price 80.05 03:59 PM | 30 Sep 2024 -1.05(-1.29%) Indian Renewable Energy Development Agency Share Price 234.88 03:59 PM | 30 Sep 2024 2.69(1.16%) Tata Motors Share Price 974.65 03:59 PM | 30 Sep 2024 -18.36(-1.85%) YES Bank Share Price 22.48 03:59 PM | 30 Sep 2024 -0.26(-1.15%) HDFC Bank Share Price 1732.05 03:59 PM | 30 Sep 2024 -20.61(-1.18%) NHPC Share Price 94.95 03:59 PM | 30 Sep 2024 -0.4(-0.41%) Rail Vikas Nigam Share Price 531.45 03:59 PM | 30 Sep 2024 5.11(0.97%) State Bank of India Share Price 787.9 03:59 PM | 30 Sep 2024 -14.75(-1.84%) Tata Power Company Share Price 482.6 03:59 PM | 30 Sep 2024 -2.9(-0.6%) Tata Steel Share Price 168.55 03:59 PM | 30 Sep 2024 2.0(1.21%) Adani Power Share Price 656.15 03:59 PM | 30 Sep 2024 1.86(0.29%) One97 Communications Share Price 688.3 03:59 PM | 30 Sep 2024 16.0(2.38%) Punjab Nationa...

[hfe_template id='11223'] [ad_1] India’s hospital stocks are set to benefit from the expected growth in healthcare spending, according to one of the country’s top-performing funds. The country will witness a rapid acceleration in the number of people reaching retirement age in the next two decades, Satish Ramanathan, chief investment officer for equities at JM Financial Asset Management Ltd., said in an interview. “People will spend on healthcare at an unprecedented rate.” Prime Minister Narendra Modi’s government recently approved expanding a free health-insurance plan for all citizens aged 70 and above. The plan may prompt some regional governments to introduce similar measures, providing a boost to the sector, according to Ramanathan, who oversees more than $1 billion. Bloomberg Some of the biggest players in the industry — Max Healthcare Institute Ltd. and Apollo Hospitals Enterprise Ltd. have gained 43% and 26%, respectively, in 2024. The momentum will likely contin...

[hfe_template id='11223'] [ad_1] Shares of Bharti Airtel will be in focus on Tuesday after the company prepaid dues worth Rs 8,465 crore to the government, partially settling its outstanding spectrum fees from a 2016 auction, the telecom carrier announced on Monday. “Bharti Airtel, one of India’s leading telecommunications service providers, today said that it has prepaid Rs 8,465 crore to the Department of Telecom (Government of India) against spectrum acquired in 2016. These liabilities carried an interest rate of 9.3%,” the company stated in its press release. The company’s stock dropped 1.5% on Monday, closing at Rs 1,709.90. This payment is the first made by the country’s second-largest telecom operator for the spectrum it acquired for $2.13 billion in 2016. Spectrum refers to the rights to use specific airwaves for a designated period. Telecom operators have accrued substantial dues to the government for spectrum fees due to years of intense auctions and competitiv...

[hfe_template id='11223'] [ad_1] Shares of Ola Electric Mobility fell by 4% to Rs 98.4 on Monday, marking the first time the stock has slipped below the Rs 100 mark since its public listing in August. With this decline, the stock has now dropped 37.5% from its peak of Rs 157.4, which it reached shortly after its listing. The electric scooter maker announced on Friday that it will double its company-owned service centre network to 1,000 by December as part of its newly launched Hyperservice, a campaign aimed at boosting electric vehicle (EV) adoption in the country. “With #HyperService we’re expanding our network and building the best in class ownership experience with on-demand and AI powered service,” Bhavish Aggarwal, CEO of Ola Electric shared in a post on X (formerly Twitter). Launching #HyperService today for @OlaElectric customers! In the last 3 years, we’ve built a 7L+ community and the leading market position. We have close to 800 stores but only about 500 ser...

[hfe_template id='11223'] [ad_1] Domestic benchmark equity indices, Sensex and Nifty50, were trading with heavy losses on Monday amid mixed cues from regional markets, weighed down by index heavyweights Reliance Industries, Infosys, TCS, and ICICI Bank. The BSE Sensex was down 1,009.13 points, or 1.18%, trading at 84,562.72, while the Nifty50 dropped 284.95 points, or 1.09%, to 25,894 at around 11.50 am. The share market also turned hesitant on Monday due to the conflict in the Middle East. Continued Israeli attacks in Lebanon have increased geopolitical uncertainty. Meanwhile, the week is packed with major U.S. economic data including a payrolls report that could decide whether the Federal Reserve delivers another outsized rate cut in November. U.S. data on Friday also showed that consumer spending increased moderately in August, while inflation pressures continued to abate, further lifting expectations of an outsized interest rate cut at the Federal Reserve's Novem...

[hfe_template id='11223'] [ad_1] As Indian markets continue their bull run, investors are faced with key changes, effective October, which could impact their trading strategies and profits. Among the notable changes are charges levied by the exchanges, a hike in Securities Transaction Tax (STT), and revamped rules governing share buybacks. NSE, BSE revise transaction charges Leading stock exchanges BSE and NSE revised their transaction fees for cash and futures and options trading. These changes, which will kick in from October 1, came after markets regulator Sebi mandated a uniform flat fee structure for all members of market infrastructure institutions.BSE has revised the transaction fees for Sensex and Bankex options contracts in the equity derivatives segment to Rs 3,250 per crore of premium turnover. However, the transaction charges for other contracts in the equity derivatives segment remain unchanged. For Sensex 50 options and stock options, BSE charges a transact...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 156.81 04:00 PM | 27 Sep 2024 -0.04(-0.03%) Suzlon Energy Share Price 81.09 04:00 PM | 27 Sep 2024 -0.75(-0.92%) Indian Renewable Energy Development Agency Share Price 232.19 04:00 PM | 27 Sep 2024 7.69(3.43%) Tata Motors Share Price 993.0 04:00 PM | 27 Sep 2024 -0.15(-0.02%) YES Bank Share Price 22.74 04:00 PM | 27 Sep 2024 0.0(0.0%) HDFC Bank Share Price 1752.65 04:00 PM | 27 Sep 2024 -30.8(-1.73%) NHPC Share Price 95.34 03:59 PM | 27 Sep 2024 1.91(2.05%) Rail Vikas Nigam Share Price 526.35 03:59 PM | 27 Sep 2024 4.5(0.87%) State Bank of India Share Price 802.65 04:00 PM | 27 Sep 2024 0.0(0.0%) Tata Power Company Share Price 485.5 03:59 PM | 27 Sep 2024 9.45(1.99%) Tata Steel Share Price 166.55 04:00 PM | 27 Sep 2024 0.94(0.57%) Adani Power Share Price 654.3 04:00 PM | 27 Sep 2024 -11.06(-1.67%) One97 Communications Share Price 672.3 04:00 PM | 27 Sep 2024 -32.86(-4.66%) Punjab National Ban...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices fell sharply on Monday, with the Sensex dropping over 800 points and the Nifty slipping below the 26,000 mark, amid mixed cues from regional markets. The decline was led by index heavyweights Reliance Industries, IT, and financial stocks. The market capitalisation of all listed companies on the BSE fell by Rs 2.63 lakh crore to Rs 475.3 lakh crore. Reliance Industries, ICICI Bank, HDFC Bank, and Axis Bank together dragged the Sensex down by 450 points. Bharti Airtel, M&M, SBI, TCS, Infosys, and Tata Motors also contributed to the decline. On the sectoral front, Nifty Bank, Auto, Financial Services, IT, Media, Realty, Healthcare, and Oil & Gas fell by up to 1.6%. Meanwhile, the fear gauge India VIX jumped 6.3% to 12.7. However, Nifty Metal gained 1.5%, extending its winning streak after China's announcement of measures to boost its slowing economy. NMDC, Hindalco, and SAIL were the top gainers in...

[hfe_template id='11223'] [ad_1] Solar panels used to power a water pump and irrigation system in Solawata, Rajasthan. Synopsis Big wealth creation does not happen in already well-discovered, well-researched sectors. It happens in sectors that are not in the news, not much talked-about on the street. Sectors where macro changes are taking place in the overall demand – and that demand is being met. In the last few years, both due to policy pushes and changes in the underlying nature of the business, more money is being spent on increasing agricultural productivity. One part of the effort has been focused on better utilization of water. That is where companies involved in the irrigation process have seen a gradual increase in demand. But anything to do with agriculture is slow and gradual. So, these stocks are suited for long-term investors. When everyone is looking for short-term opportunities, macro sectoral trends tend to get ignored. Trends that could have a long-term ...

[hfe_template id='11223'] [ad_1] Synopsis To some our headline may appear confusing. When investing is all about the long-term, why even think of a tactical approach? But given that valuations are high or even in bubble territory, it’s best to be tactical when pumping fresh money into the market. When we say tactical, what we mean is: Consider sectors and stocks that will benefit due to the changing global environment. Invest money with clear thought about why that stock is being bought and when one will exit. This is not about “Buy” and “Hold”. This is about “Buy, Review, and Realign”. When buying a stock, it would be good to ask yourself some questions. Why am I buying this particular stock? When or what will make me sell the stock? Clarity on these questions will help sort out many problems and probably lead to better returns. These questions are particularly important when valuations are not your friend and you are thinking of increasing exposure to equities. Why are...

[hfe_template id='11223'] [ad_1] Nifty hit fresh intra-day record highs on each trading session last week ending with weekly gains of 1.5% led by banks and pharma stocks. When markets resume trading on Monday, a host of important domestic and global events lined-up during the week are likely to impact them. On Friday, benchmark indices took a breather as BSE Sensex declined 264 points or 0.31%, settling at 85,571. Nifty ended with a marginal loss of 37.10 points or 0.14% at 26,178.95. "The Nifty took a breather after a few days of continuous gains though the sentiment remains strong as the index continues to stay above important moving averages," Rupak De, Senior Technical Analyst at LKP Securities said. In his view, the strength will likely persist as long as it remains above 25,900 and a fresh rally could begin above 26,300 leading the 50-stock index towards 26,600. It will be a holiday shortened week as domestic stock markets will remain closed on October 2,...