GAGA Share Market News

[hfe_template id='11223'] [ad_1] The share allotment of Citichem India IPO is likely to be finalised later today. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website. Firstly, here's how you can know the status on BSE: Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx) Step 2: Please select the issue name, that is the company's name in the drop down. Step 3: Enter the application number or PAN number to check the allotment status. To check the status of Citichem India IPO allotment through the registrar, which is Link Intime India in this case, kindly follow the below steps. Step 1: Visit t...

[hfe_template id='11223'] [ad_1] ITC shares will remain in focus on Wednesday as the much-awaited demerger of ITC Hotels comes into effect from today, January 1, but the record date for ITC shareholders would be January 6. Under the demerger scheme, ITC shareholders whose names will appear in the list of shareholders on January 6 will get one share of ITC Hotels for every 10 units of the parent company. ITC Hotels said it will issue equity shares directly to the shareholders of ITC in a manner that about 60% stake is held directly by ITC shareholders proportionate to their shareholding in ITC and remaining about 40% stake to continue with ITC. On January 6, the record date of the demerger, BSE and NSE will have a special trading session to discover the fair price of ITC Hotels. Assuming that ITC Hotels will list at an EV/EBITDA multiple of 20.0x-30.0x, the share price of ITC Hotels Ltd is expected to list in the range of Rs 113 to Rs 170 per share, shows calculations don...

[hfe_template id='11223'] [ad_1] ITD Cementation India shares were trading higher by 1% on Wednesday after the company secured a Rs 1,648 crore engineering, procurement, and construction (EPC) contract for near-shore reclamation and shore protection work at Vadhvan Port in Maharashtra. The company emerged as the lowest bidder, securing the contract at a price 6.9% lower than the estimated cost of Rs 1,770 crore, excluding GST. The contract was approved by the Vadhvan Port Project Limited (VPPL) board during its eighth meeting on Tuesday, with the bid deemed both reasonable and workable. The awarded package includes the development of about 200 hectares of land in the near shore area, a critical component for initiating other key packages of the port project, such as loading points and essential infrastructure. Also Read: ET Poll: 3 sectors investors should focus on in 2025 VPPL is developing the facility near Dahanu in Maharashtra's Palghar district, with an investme...

[hfe_template id='11223'] [ad_1] Shares of Surya Roshni will remain in focus as the company will trade on an ex-bonus basis today. This is also the record date for the company's 1:1 bonus share issue. “We wish to inform you that the Company has received in-principle approvals under Regulation 28( 1) of SEBI LODR, 2015, from BSE Limited and National Stock Exchange of India Limited vide their letters dated December 23, 2024, for issue and proposed allotment of 10,88, 17,948 Equity shares of ~5/- each as bonus shares in the ratio of 1 (One) new equity share for every l (one) existing equity share held in the Company. Further, the Company has fixed Wednesday, January 01, 2025, as the "Record Date" to determine the eligibility of shareholders for issuance of the said Bonus Shares,” the company had informed in an exchange filing. Furthermore, Surya Roshni's board confirmed that the bonus shares will be allotted by January 2 and will be officially listed on Ja...

[hfe_template id='11223'] [ad_1] After the government’s approval of a significant bank guarantee waiver for spectrum payments provided a lifeline to Vodafone Idea, global brokerage firm Citi assigned the debt-laden telecom operator a "buy" rating with a target price of Rs 13 per share, indicating a potential 70% upside from current levels. The government’s decision to waive the requirement for bank guarantees on spectrum acquired in auctions from 2012 to 2021 has provided a crucial boost to Vodafone Idea, easing the financial pressure on the struggling telecom giant, Citi noted. Prior to this move, Vodafone Idea was required to submit bank guarantees worth nearly Rs 24,800 crore for spectrum dues, a burden that had hindered its ability to secure debt funding. Citi noted that this waiver addresses a critical roadblock for Vodafone Idea, paving the way for improved funding prospects. The waiver also benefits Indus Towers, where Citi has maintained a "positiv...

[hfe_template id='11223'] [ad_1] Foreseeing Varun Beverages (VBL), PepsiCo's largest franchise bottler in India, set for outperformance, domestic brokerage firm Antique Broking has given a target price of Rs 710 on the stock while retaining their ‘buy’ rating on the same. This represents an upside of nearly 10% for the stock from its previous closing price. “We believe growth in emerging categories of energy drinks and dairy products combined with capacity expansion will support volume and margin expansion. Venturing into new geographies and categories of snacks will further aid in margin expansion,” said Antique in its report. The domestic brokerage firm believes that VBL is poised for significant growth, driven by strategic acquisitions in Africa and a strengthened financial position and its recent announcement of three acquisitions, coupled with a successful QIP, reinforces its expansion strategy and sets the stage for robust financial performance. VBL has acquire...

[hfe_template id='11223'] [ad_1] Shares of Unimech Aerospace and Manufacturing fell 9.4% to Rs 1,350.4 on the BSE after their strong debut on the exchanges on Tuesday. The stock debuted at Rs 1,491 on the BSE, with a premium of Rs 706 or 90% over the IPO price of Rs 785. On NSE, the shares debuted at Rs 1,460. The Rs 500-crore IPO of high-precision engineering solutions provider Unimech Aerospace, comprising a fresh issue of Rs 250 crore and an offer-for-sale of Rs 250 crore, was open for subscription during December 23-26. The company’s IPO received an overall subscription of 175.31 times as it attracted bids for 82.46 crore equity shares against 47.04 lakh shares on the offer. The retail investors portion was subscribed 56.74 times, while the non institutional investors subscribed by 263.78 times. Meanwhile, the qualified institutional buyers category was booked 317.63 times. Also Read :Sensex & Nifty in 2025: Predictions, targets, must-have stocks for the new year...

[hfe_template id='11223'] [ad_1] By this time last year, the stock market's rally had blown past even the most optimistic targets and Wall Street forecasters were convinced it couldn't keep up the dizzying pace. So as strategists at Bank of America Corp., Deutsche Bank AG, Goldman Sachs Group Inc. and other big firms sent out their calls for 2024, a consensus took shape: After surging more than 20% as artificial intelligence breakthroughs unleashed a tech-stock boom and the economy kept defying the doomsayers, the S&P 500 Index would likely scratch out only a modest gain. As the Federal Reserve shifted to cutting interest rates, Treasuries were seen as ripe to give equities a run for their money. What followed, instead, delivered another humbling to Wall Street prognosticators who have been caught off guard by the market's twists and turns ever since the end of the pandemic. Rather than lose steam, equity prices continued to soar higher. By late January, ...

[hfe_template id='11223'] [ad_1] One of the steadiest sources of money flows into the stock market in recent years faces the risk of ebbing in 2025 if equities fail to repeat performances in the recent past. Flows through systematic investment plans (SIPs) into equity mutual funds-the equivalent of recurring fixed deposits in banks-crossed a record ₹25,000 crore every month in the past three thanks to strong returns. But amid forecasts for a tough year for stocks in 2025, market participants are wondering whether individual investors will pour money into equity schemes. SIPs have been a convenient way for retail investors to put small amounts into mutual fund schemes every month. Of this, 90-95% went into equity-oriented funds. The numbers speak about their popularity. In FY21, flows through SIPs were ₹8,007 crore, doubling from ₹3,660 crore in FY17. One reason for their popularity is strong returns from equity mutual funds. Investments made in Nifty 50 through SIPs have...

[hfe_template id='11223'] [ad_1] Indian benchmark indices faced resistance around 23,900 after touching those levels in the early trade on Monday and finally ended in the red, dragged by banks and auto stocks. While the broader Nifty closed at 23,644.90, lower by 168.50 points or 0.71%, the 30-stock S&P BSE Sensex settled at 78,248.13, down by 450.94 points or 0.57%. When markets resume trading today, Adani Enterprises, Adani Wilmar, EaseMyTrip, will be in focus due to various related developments. Adani Enterprises, Adani Wilmar, EaseMyTrip, ITC, Mazagon Dock Shipbuilders and Zomato Adani Enterprises and Adani Wilmar Adani Enterprises on Monday announced its decision to fully exit its 44% holding in Adani Wilmar, in a bid to shift focus on its infrastructure platforms. The exit will take place in two phases with the first being a stake sale to Wilmar International’s wholly-owned subsidiary, Lence Pte Ltd, and a partial divestment to meet public shareholding requirem...

[hfe_template id='11223'] [ad_1] 2025 will likely be very different from 2024 with possibly moderate returns from large-cap stocks and flat-to-negative returns for the bulk of mid-cap and small-cap stocks. In the case of 'narrative' stocks in capital goods, defence, electricity sectors and PSUs, despite the recent large correction, there is likelihood of 'large negative' returns. The Indian market's high valuations have been supported by the price-agonistic buying behaviour of domestic non-institutional investors that remain extremely confident of making high returns at all price points. Forced buying of domestic institutional investors led by equity mutual funds, which have been deploying funds irrespective of prices and valuations, also helped. Foreign investors, cautious about market valuations, sold shares worth $13 billion in 2024 (primary and passive flows support the overall modest positive FPI figure). The Nifty 50's valuation may look fai...

[hfe_template id='11223'] [ad_1] Asian shares are under pressure on the last trading day of the year, after weakness in the technology sector extended losses on Wall Street for a third session. Australian stocks fell about 0.7% in early trade Tuesday, with futures also pointing to a downbeat open in Hong Kong. A gauge of regional equities is set for its first quarterly loss this year. US contracts edged lower in Asia, following declines for both the S&P 500 and the Nasdaq 100. The Bloomberg Dollar Spot Index was steady and on track for its best year since 2015. Several Asian markets are either shut or open for half day Tuesday, while those in Japan are closed from Tuesday through Jan. 6. The cautious tone partly reflects lingering concerns about the stamina of Wall Street’s rally this year that was predominantly driven by the so-called Magnificent Seven cohort of US tech giants. It’s also an indication of uncertainties facing investors in 2025, ranging from President...

[hfe_template id='11223'] [ad_1] Shares of Max Estates may remain on the investor’s radar today following the announcement of achieving Rs 845 crore in pre-sales for its Noida project within the first week of launch.“Max Estates 128 Private Limited, a wholly owned subsidiary of Max Estates Limited, is delighted to announce the successful launch of Phase II of Estate 128, Noida. Estate 128 – II is registered with UP RERA number UPRERAPRJ294911/12/2024 and comprises the 4th tower, further expanding the thriving community of the first 3 towers, launched in July 2023,” said the company in its filing to the exchanges. After a successful phase 1 of the project, the second phase surpassed the company’s original guidance of Rs 800 crore as the booking value potential. Combining both phases, the Estate 128 community now comprises 4 towers with 268 units, spanning 10 acres and a total booking value of approximately Rs 2,700 crore. “With the successful launch of Estate 128-II and E...

[hfe_template id='11223'] [ad_1] Vodafone Idea share surged 7% to an intraday high of Rs 8 on the BSE after the letter from the Department of Telecommunications (DoT) waived the need for bank guarantees worth about Rs 33,000 crore for past spectrum auctions. Shares of Bharti Airtel also ticked marginally higher. The bulk of the relief, amounting to Rs 24,800 crore, applies to Vi, a relative straggler. “The letters to the telcos were sent on December 27,” as reported by ET earlier. The BG waiver will apply to spectrum auctions conducted in 2012, 2014, 2015, 2016, and 2021. Spectrum auctions conducted in 2022 and 2024 have already done away with the requirement for BGs based on the 2021 telecom reforms package. Telcos were otherwise required to furnish the guarantees to the Department of Telecommunications (DoT) to cover for spectrum payments in past auctions. Also read: Ventive Hospitality shares to debut today. Here's what GMP indicatesVodafone Idea, which is yet to ...

[hfe_template id='11223'] [ad_1] IOL Chemicals shares will be in focus on Friday after its board approved a stock split, dividing each company share into five shares. This means that for every share an investor holds, it will be subdivided into five shares. "The Board approved, inter alia, the subdivision of each equity share of face value Rs 10 into five equity shares of face value Rs 2 by altering the Capital Clause of the Memorandum of Association," the company stated in a filing. The proposed stock split is subject to shareholder approval via a postal ballot. The record date to determine eligibility for the split will be announced in due course. The company stated that the split would make the shares more affordable, attracting a wider range of investors. This move is expected to enhance investor participation and improve liquidity in the market. On the ex-split date, investors holding the stock as of the record date will receive the new shares in their dem...

[hfe_template id='11223'] [ad_1] Shares of Mahindra & Mahindra (M&M) are likely to remain in focus in today’s session as the company announced that its subsidiary Mahindra Susten (MSPL) has further incorporated a new subsidiary Ultrogen Hybren. “With reference to the captioned subject, we would like to inform you that Ultrogen Hybren Private Limited (“Ultrogen Hybren”) has been incorporated in Mumbai, Maharashtra on 29th December, 2024, as a wholly owned subsidiary of Mahindra Susten Private Limited (“MSPL”), which is a subsidiary of Mahindra Holdings Limited (“MHL”), which in turn is a wholly owned subsidiary of the Company,” said the company in an exchange filing. M&M informed that it received an intimation from MSPL on December 29 that the certificate of incorporation of Ultrogen Hybren has been issued by the Ministry of Corporate Affairs. Ultrogen Hybren's authorized and paid-up share capital consists of Rs 15,00,000, divided into 1,50,000 equity shar...

[hfe_template id='11223'] [ad_1] Utkarsh Small Finance Bank shares will remain in focus on Monday following its decision to sell a portfolio of non-performing assets (NPAs) and written-off loans to an asset reconstruction company (ARC). The bank’s Management Committee approved the move during a meeting held on December 27, 2024. The portfolio under consideration consists of unsecured stressed microfinance institution (MFI) loans with an aggregate outstanding principal of approximately Rs 355 crore as of September 30, 2024. The proposed sale will be conducted at a reserve price of Rs 52 crore, comprising cash and security receipts. In the September quarter of FY25, the bank's standalone net profit fell 55% year-on-year to Rs 51.39 crore, despite a 26.47% rise in total income to Rs 1,089.54 crore. Meanwhile, the small finance bank's gross NPAs stood at 718.74 crore, up from Rs 403.53 crore in the year-ago period. The net NPAs rose to Rs 159.97 crore from Rs 21.64 c...

[hfe_template id='11223'] [ad_1] Indian equities will surpass all-time highs and reach a whole new level in 2025, but global factors—such as Trump's decisions, US Fed's statements, or a major geopolitical flare-up—could play spoilsport, says Aamar Deo Singh, Sr. Vice President of Research at Angel One. Edited excerpts from a chat: The market's mood can shift quickly from bullish to bearish, as we saw during the peak at September's end and the rally that followed from the November lows. How bullish or bearish are you now? Markets are unpredictable, and we must accept both uncertainty and volatility. The Sensex and Nifty were on an upward bullish trajectory until September, reaching all-time highs amid positive global cues, lower energy prices, a weaker dollar, and positive investor sentiment. However, this bullish trend was short-lived, as local equities saw a sharp sell-off after September due to a slowdown in the Indian economy (with India’s GDP growing ...

[hfe_template id='11223'] [ad_1] The Indian stock markets, which had a roller coaster ride in 2024, produced 33 of the biggest wealth creators. These stocks have a market capitalization of Rs 5,000 crore or more and have delivered multibagger returns ranging from 315% to 104%. Among the major stocks are Trent, Zomato, PB Fintech (Policybazaar), Rail Vikas Nigam Limited (RVNL), Cochin Shipyard, Mazagon Dock Shipbuilders, KFin Technologies, Oracle Financial Services Software (OFSS), Kalyan Jewellers, Wockhardt, and Dixon Technologies. Zomato, which recently entered the Sensex, gained 121% in CY2024, with its market capitalization increasing by Rs 1.55 lakh crore to reach Rs 2.63 lakh crore. Trent, a lifestyle and fashion company from Tata’s stable, saw its stock price rise by 131%, while its market capitalization surged by Rs 1.42 lakh crore to Rs 2.51 lakh crore. This is the highest market capitalization growth seen among these nearly three dozen scrips. However, th...

[hfe_template id='11223'] [ad_1] After suffering a brutal selloff in the week before this one, the Nifty spent the truncated week struggling to stay afloat just below the key resistance levels. With just four working days, the Nifty resisted each day to the 200-DMA and failed to close above that point. The trading range got much narrower, and the Nifty oscillated in just 291.65 points before closing with a minor gain. The volatility also cooled off as compared to the previous week. Against the surge of 15.48%, this week saw India VIX declining by 12.17% to 13.24. Following strong consolidation, the headline index closed with a modest weekly gain of 225.90 points (+0.96%). ETMarkets.com From a technical perspective, we are now at a very crucial juncture. On the one hand, the Nifty has closed below the 200-DMA placed at 23,861. On the other hand, the Index is just above the 50-week MA at 23,568. Rounding off, this puts Nifty in a very fragile range of 23,860-23,500. The Ni...

[hfe_template id='11223'] [ad_1] The trend of FII selling in Indian equities continued into December, with net outflows reaching Rs 656 crore so far. However, the pace of selling has slowed considerably compared to the more aggressive outflows observed in October and November. For 2024 till 27th December, FIIs net sold equity for Rs 1,19,277 crore through the exchanges. While early December saw occasional buying, FIIs turned sellers again. Interestingly, the FIIs invested Rs 1,20,932 crore through the primary market, making them net investors in India so far this year. “An important characteristic about FII investment is that they have been consistent investors of equity through the primary market,” highlights V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services noting that in December alone, FIIs invested Rs 17,331 crores in the primary market. “The selling through exchanges is mainly due to the high valuations and investing through the primary mark...

[hfe_template id='11223'] [ad_1] UK-based Vodafone Group has cleared dues of around Rs 11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing. Vodafone Group had pledged almost the entire stake in VIL to raise the debt. The pledge was created in favour of HSBC Corporate Trustee Company (UK) for the debt raised by Mauritius and India-based entities of Vodafone Group. "On 27 December 2024, HSBC Corporate Trustee Company (UK) Limited acting as the security trustee for the lenders has released the pledges pursuant to repayment of the outstanding dues owed to the lenders by the Vodafone Promoter Shareholders. "Consequently, the indirect encumbrance on 15,720,826,860 equity shares of the target company held by the Vodafone Promoter Shareholders representing 22.56 per cent of the equity share capital of the target company on a fully diluted basis has been released," the filing said. "Consequen...

[hfe_template id='11223'] [ad_1] Billionaire Mukesh Ambani's Reliance Industries has acquired technology-driven and oncology-focused healthcare platform Karkinos for Rs 375 crore, the firm said on Saturday. Reliance Strategic Business Ventures (RSBVL), a wholly-owned subsidiary of Mumbai-listed India's most valuable company, completed the acquisition of Karkinos Healthcare Pvt Ltd with allotment of requisite shares, the firm said in a stock exchange filing. Karkinos was incorporated in India on July 24, 2020, and is in the business of providing technology-driven innovative solutions for the early detection, diagnosis, and management of cancer. It had a turnover of about Rs 22 crore in the 2022-23 fiscal. "Reliance Strategic Business Ventures Ltd has on December 27, 2024, subscribed to and has been allotted 1 crore equity shares of Rs 10 each, for cash, aggregating Rs 10 crore and 36.5 crore optionally fully convertible debentures of Rs 10 each, for cash, agg...

[hfe_template id='11223'] [ad_1] Synopsis Markets are about probability. What is the probability that, in 2025, the global equity markets will see higher volatility than even 2024? Given that the US will have a new president whose provocative statements could create confusion in the currency markets, the probability is that we will see more volatility in the coming months. So, be ready. With the market undercurrent likely to be bullish, investors – especially those focused on mid-cap stocks – need to learn to deal with volatility, while maintaining a bullish stance. There are many ways to deal with volatility. And one would be to have more quantitative and qualitative checks before buying stocks. There is this reality of the market. Even though mid-cap stocks may have come under pressure in certain phases, the fact remains that they have delivered the best returns in the past 10 years. In fact, if you did not have mid-caps in your portfolio, your returns even in the long...

[hfe_template id='11223'] [ad_1] Synopsis A service provider whose services are used by literally every bank in India. A facilities management firm with ties to new age logistic companies as well as builders, to whom it supplies integrated HR solutions. These are new kinds of services that have grown sharply in the past few years, eventually getting these companies listed on the exchange. They will surely face challenges with the emergence of newer technologies seeking to further reduce the use of manpower. But at the same time, the overall market for their services will only grow as it is used by more and more customers from every segment. “Services” is a very broad term. Everything from the supply of manpower to handling of cash logistics are services. But somehow companies providing these are not classified as service companies. The reason: It is IT services that have hogged the headlines. Hence, the service sector has become synonymous with “IT services”. But many ne...