GAGA Share Market News

[hfe_template id='11223'] [ad_1] Synopsis In the last few years, the overall re-rating in the Indian markets has largely been sector-based. But there has been a re-rating based on ownership as well. The Tata Group is a prime example. A number of Mahindra Group companies have also been re-rated. In the context of the Tata Group, let’s see what this means for shareholders. Till a few years back, despite being listed for decades, the overall returns on Tata Group stocks – barring one or two companies – were not very high. But, under new leadership, the house was “put in order”. The result: In the last five years, most group stocks have made up for their past underperformance – and market capitalization has gone up multiple times.Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate ...

[hfe_template id='11223'] [ad_1] Europe's STOXX 600 ended the week on a high note, bolstered by a rally in tech stocks, while investors analysed the euro zone inflation report to assess the likelihood of a larger interest rate cut in December. The pan-European main stock index reversed earlier losses and was up 0.6% at 510.25 points on Friday, logging its first monthly gain since August. It rose 1% in November. On a weekly basis, it logged a modest 0.2% decline. Technology stocks were the biggest boost to the index, gaining 1.6%. Trading volumes were expected to be low, with the U.S. equity market open for half a day following the Thanksgiving holiday on Thursday. Euro zone flash inflation rose to 2.3% on a yearly basis in November, in line with forecasts. Markets are now pricing in a more than 80% chance of a 25 basis-point cut at the European Central Bank's meeting on December 12. Capital Economics' analysts think the case for a 50 basis point cut still ...

[hfe_template id='11223'] [ad_1] The electronics manufacturing sector in India is on the cusp of a transformative journey, driven by favourable government policies, increasing domestic demand, and a robust push toward self-reliance. Insights from the CII Electronics Summit underscore significant opportunities in the electronics and semiconductor markets, particularly in component manufacturing, automotive electronics, and emerging technologies. With sustained government and private sector efforts, the sector is poised for long-term sustainable growth. India's total electronics production is projected to grow at a robust CAGR of 26% between CY23-30, reaching USD 500 billion. This includes USD 350 billion from finished goods and USD 150 billion from components. India is emerging as a preferred global destination for electronics manufacturing due to increasing assembly activities and unprecedented demand in the EMS sector, particularly in mobile phones, automotive, and ...

[hfe_template id='11223'] [ad_1] In a month marred by Adani Group's bribery scandal, relentless foreign investors selling and ramp up of geopolitical tensions, the domestic markets performance was resilient and even buoyant towards the end of November. November, where two halves painted a completely different story, saw benchmark Sensex gaining just over 0.5%. The fag-end rally for the month was broad-based as capex-linked sectors like infra, capital goods, and industrials outperformed in expectation of a surge in new order inflows. Further, the decline in Brent crude also added to the positive sentiments. During the month, about 130 smallcap stocks delivered double-digit returns with 27 of them gaining 25% or more. The returns went as high as 63% from Vimta Labs, which was followed by Avalon Technologies (62%), Banco Products (59.6%) and Pix Transmissions (58.71%). In the same period, nearly 98 smallcaps declined in double-digits with Honasa Consumer, Kamadhenu Vent...

[hfe_template id='11223'] [ad_1] A Japan-inspired strategy of seeking to boost shareholder returns, corporate governance and market valuations is spreading like a wildfire across Asia. From Seoul to New Delhi, governments and regulators are hurrying to implement their own versions of Japan’s decade-long program of structural reforms that helped drive its benchmark index to a record high this year. While these initiatives vary, they are often collectively referred by the term coined by South Korea: “Value Up.” The timing looks to be fortuitous for investors: Donald Trump’s election victory this month and his adversarial trade policies threaten to undermine Asia’s economic growth and corporate earnings. There are already some signs “value up” can counter this threat. “When I present to my clients, I tell them that there are five great themes in Asia” and one of them is corporate reforms to enhance shareholder returns, said Sat Duhra, a fund manager at Janus Henderson Inves...

[hfe_template id='11223'] [ad_1] Wipro and a host of other companies are likely to remain in focus this week as they are approaching their record dates for the purpose of dividend, bonus issues and stock split. The record date is the date set by the company to decide the shareholders who are eligible to receive the offer. To be eligible for a buyback offer, bonus issue or a stock split, the shares should be in the demat account on the record date. Shareholders who buy the stock at least one day before the ex-date are eligible for dividends as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends/splits/bonus issues etc. Here is a list of stocks that have their ex-dates for various purposes this week: Monday, December 2: Bonus issue Rajoo Engineers Ltd had declared a bonus issue in the ratio of 1:3Tuesday, December 3: Bonus issue Wipro had declared a bonus issue in the ratio of 1:1 Stock split Diamond Power Infrastructure ...

[hfe_template id='11223'] [ad_1] The approval of 12 new National Industrial Corridor projects and substantial funding of ₹89,287 crore for healthcare and ₹1.48 lakh crore for education, among other major fund allotments, will further bolster infrastructure development across various sectors, enhancing service quality and benefiting citizens nationwide. Private infrastructure investment, accounting for approximately one-fourth of the total infrastructure expenditure, is another significant factor driving growth. With such large-scale projects, it is vital to ensure that qualified contractors are selected, project specifications are met, timelines are adhered to, and maintenance is planned. These factors demand significant time and resources, and project owners must be assured that contractors can fulfil their obligations. To safeguard against unforeseen issues, legal protections are essential for ensuring project success and protecting investments. In 2022, IRDAI introduc...

[hfe_template id='11223'] [ad_1] Wall Street's main indexes opened slightly higher in a shortened Black Friday trading session, on track for monthly gains as the holiday shopping season kickoff brought retail stocks into focus. Investors scrutinized retailers, expected to attract millions of shoppers with their deep Black Friday discounts, as customers started their year-end holiday shopping. Adobe Analytics estimated consumers would spend a record $10.8 billion in online purchases on Black Friday 2024, a rise of 9.9% over last year. Shares of Target rose 1.5%, Hasbro gained 3.7%, Costco climbed 0.8%, Walmart edged up 0.4% and Nike added 0.5%. "Retailers do a lot of importing. Inventory levels are very important to their profitability and ability to kind of control margins, so they will be one of the industries in the (tariffs) crossfire," said Ross Mayfield, investment strategist at Baird. "But so far... (things are) looking pretty solid for the Black...

[hfe_template id='11223'] [ad_1] Capital markets regulator Sebi on Friday slapped a monetary penalty of Rs 9 lakh on Reliance Securities for flouting market norms as well as stock brokers rules. The order came after the regulator and exchanges, NSE and BSE, had conducted a thematic onsite inspection of the books of accounts, records and other documents of authorised persons (APs) of Reliance Securities Ltd (RSL), a Sebi-registered stock broker. The inspection was conducted to ascertain whether the same are being maintained in the manner required by RSL, with respect to provisions of stock brokers rules, NSEIL Capital Market (CM) regulations and NSE Future & Options (FO) trading norms. The inspection was conducted for the period from April 2022 to December 2023. Pursuant to the findings of inspection, Sebi issued a show cause notice to RSL on August 23, 2024. In a 47-page order, Sebi found multiple violations committed by RSL and its authorised persons, including no...

[hfe_template id='11223'] [ad_1] Home First Finance is expected to see a block deal on Monday worth Rs 1,267 crore where 14.7% stake is likely to be on offer. The sellers are likely to be promoter entities True North Fund V LLP (Warburg Pincus) and Aether (Mauritius) Limited along with a non-promoter Orange Clove Investments B.V., a CNBC TV18 report said. The floor price has been kept at Rs 968 apiece which is a discount of 8% over the current market price, the report said citing sources. Kotak and Nomura are acting as the brokers for this transaction, the report said further. Shares of Home First Finance today ended at Rs 1056.95 on the NSE, down by Rs 37.20 or 3.40% over the previous closing of Thursday. True North Fund's holding in the company as on September 30, 2024 stood at 14.07 while Aether held 9.31% stake as on this date. Meanwhile, Orange Clove held 22.90% in the Mumbai-based company. The market capitalisation of Home First, a smallcap stock is Rs 9,431.83...

[hfe_template id='11223'] [ad_1] Foreign direct investment (FDI) equity inflows into India rose 43.1% on-year to $13.6 billion in July-September this fiscal, data released by the Department for Promotion of Industry and Internal Trade (DPIIT) Friday showed. FDI inflows were $9.5 billion in the year ago period. Total FDI, which includes equity inflows, reinvested earnings and other capital, grew 29.4% on-year to $19.8 billion in the second quarter of FY25. As per the data, August saw the highest FDI in the quarter at $6.3 billion from $2.9 billion a year ago. FDI equity inflows had grown 47.8% on-year to $16.17 billion in April-June this fiscal. As per the data, FDI equity inflows have risen 45% in the first half of the fiscal at $29.7 billion with Singapore being the top source of investment followed by Mauritius. Singapore invested $7.5 billion while Mauritius invested $5.3 billion in April-September FY25.Among sectors, maximum inflows were seen in services, computer so...

[hfe_template id='11223'] [ad_1] Nifty futures will start the December series at higher open interest (OI) base with futures rollovers standing at 79% as against 76% averaged over the last three series, Nuvama said in a note. It expects Nifty to trade in a broad range of 23,450 to 25,000 with heightened volatility at play. At Rs 30,800 crore (1.29 crore shares), OI base in December is higher versus Rs 28,100 crore (1.16 crore shares) seen at the start of November series, an analysis by this brokerage revealed. On the expiry day, the roll cost for Nifty was at around 60 bps which was close to the previous day’s 57 bps. Market-wide futures open interest at the start of December series stands at Rs 4.4 lakh crore as compared to Rs 4.1 lakh crore at the start of November series. Meanwhile, market-wide rollovers are at 89%, higher than the three-month average of 88%. For Bank Nifty, rollover reached 76.8% on Wednesday, up from 69.4% in the previous expiry, Axis Securities sai...

[hfe_template id='11223'] [ad_1] Synopsis For almost two months now the market has been in volatile mode. But the way it is reacting to news and witnessing quick rebounds with positive market breadth, it is likely a recovery is underway that has some steam in it. Given that there might be more sightings of bulls, there is a case to be bullish. But be selective. For, while the bias might be changing, the fact is that events in the global market could still spark another round of volatility. Our selected stocks today depict a strong upward trajectory in their overall average score which is based on five key pillars – earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. The street has been talking of lower-than-expected GDP numbers for some time. And the confirmation came on Friday. Now, how the NIfty behaves on Monday would be a good indication of wh...

[hfe_template id='11223'] [ad_1] Shares of Zomato, Paytm, Jio Financial, and 52 other companies will be in focus on Friday after the leading exchange, BSE, revised the circuit limits. Other major names include LIC, Adani Total, Angel One, DMart, Cyient, PB Fintech, Union Bank of India, IRB Infrastructure, Oil India, Indian Bank, and JSW Energy. The price band limits have been adjusted to 10% for 46 stocks, including prominent names like Zomato, YES Bank, Varun Beverages, Tata Elxsi, Paytm, Oil India, Nykaa, and NCC. Additionally, four stocks will now have a 5% circuit limit, while five others will see their limits revised to 2%. So far, BSE has had a daily price band mechanism — a maximum permissible limit within which the share price can move in a day. Listed securities are assigned a daily price band of either 20%, 10%, 5%, or 2%, based on pre-decided joint criteria. Also Read: Adani stocks in focus as banks review group exposure The new long-duration price band framew...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices rebounded sharply on Friday after their steepest drop in nearly two months during the previous session, as traders adjusted their positions for the monthly derivatives expiry. The BSE Sensex was trading 770 points, or 0.97%, higher at 79,814. The Nifty50 was up 217 points, or 0.91%, trading at 24,131 around 11:05 am. Among Sensex stocks, Sun Pharma and Bharti Airtel surged 3%, while M&M, Reliance, L&T, Adani Ports, and JSW Steel traded around 2% higher. On the flip side, Power Grid, IndusInd Bank and SBI traded with cuts. The market capitalisation of all listed companies on BSE surged by Rs 2.27 lakh crore to Rs 445.54 lakh crore. Domestic benchmark indices fell about 1.5% each on Thursday, dragged down by profit booking in IT stocks after a rally and positional adjustments due to November derivatives contract expiry. Meanwhile, Adani stocks opened up to 9% higher amid eight bankers told Reuters tha...

[hfe_template id='11223'] [ad_1] Top brokerage firms have shared their insights on select stocks, highlighting robust growth potential and investment opportunities in key sectors. ICICI Securities, Citi, and Jefferies have maintained their bullish stance on Allied Blenders, Divi’s Laboratories, and Zomato, respectively, projecting significant upside based on strong business strategies and market dynamics. These recommendations underline themes such as premiumisation in the liquor industry, structural growth in pharma, and innovation in the food-tech space. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: ICICI Securities on Allied Blenders: Buy | Target Rs 400 | LTP Rs 322 | Upside 24% ICICI Securities has initiated a Buy rating on Allied Blenders with a target price of Rs 400, implying a 24% upside from the current market price of Rs 322. The company is focused on raising the bar by shifting its emphasis toward the premiu...

[hfe_template id='11223'] [ad_1] Short-term traders can look to buy the stock for a target of Rs 630-640 in the next 1-2 months, suggested experts. Synopsis The IT stock reached a peak of ₹580 in July 2024 but lost momentum, gradually declining toward its 21-week moving average on the weekly charts. This average has served as a key support level for the stock since August 2024. The renewed momentum pushed the stock to a high of ₹596 on November 27, 2024. By surpassing its July 2024 swing high in November, Wipro's stock has created an opportunity to advance further, potentially retesting the ₹600 level and beyond. Wipro Ltd witnessed a breakout after consolidating for almost 4 months to hit a fresh 52-week high in November, which has opened room for the stock to head higher.Short-term traders can look to buy the stock for a target of Rs 630-640 in the next 1-2 months, suggested experts.The IT stock hit a high of Rs 580 in July 2024 but failed to hold the momentum and ...