GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Canara Bank surged 7% to Rs 94.50 in three days after star investor Rekha Jhunjhunwala, wife of the late Rakesh Jhunjhunwala, increased her stake in the public sector lender to 1.46% as of the quarter ended March 2025. This was up from 1.42% at the end of the December 2024 quarter, which was held by the estate of the late Mr. Rakesh Jhunjhunwala. The entire stake of 1.46% or 13,24,43,000 shares is now owned by Rekha Jhunjhunwala. It should be noted that the estate of the late Rakesh Jhunjhunwala is managed by his wife Rekha along with Rare Enterprises. Jhunjhunwala held stakes in over 30 publicly listed companies. His wife, Rekha Jhunjhunwala, inherited the estate and is also the executor. As per the latest corporate shareholding disclosures, Rekha Jhunjhunwala publicly holds 22 stocks with a net worth of over Rs 31,391.5 crore, according to Trendlyne data. According to Trendlyne, her top holdings include Aptech (21%), NCC (12.5...

[hfe_template id='11223'] [ad_1] Mumbai: State-run Life Insurance Corp (LIC) Friday refuted US claims of 'special treatment' from the Indian government and regulators, concessions that Washington said helped it secure business from ordinary citizens at the expense of privately-run insurers. In its response to 'favouritism' claims by the US Trade Representative (USTR), LIC also said it operates in a competitive market alongside other insurers in an industry that has witnessed phased deregulation through this millennium. "LIC wishes to clarify that LIC is treated like any other insurance company by the government and regulators. The guarantee-provided at the time of its establishment in 1956-is a statutory provision designed to build public confidence in the early years of nationalisation," the insurer said. "It has never been invoked or used as a marketing tool or provided any undue advantage to LIC." Siddhartha Mohanty, MD & CEO, s...

[hfe_template id='11223'] [ad_1] PSU stocks will end FY25 on a lackluster note, recording their worst performance of the past three financial years. Nearly 73% or 46 stocks out of 63 analysed by ETMarkets have witnessed a decline of up to 48% so far, and Mazagon Dock Shipbuilders stands tall as the only multibagger in the pack. With just 7 more trading sessions to go, the 63-stock BSE PSU index was down nearly 8% as on Wednesday versus 2.4% gains seen in the BSE Sensex in the same period. The correction over the last six months has taken some sheen out of the PSU counters. However, their rise over two-and-half years prior to October has been so prolific that the 2-year and 3-year returns of the BSE PSU index are still at 82% and 104%, respectively. "Over the past two years, PSU stocks have delivered an impressive rally, driven by the government’s aggressive capex push and structural reforms. The BSE PSU Index surged over 80% from 2022 to early 2024, with sectors lik...

[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] 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] The Indian equity market concluded Friday with a 0.5% weekly gain, led by gains in banking, financial, and metal stocks. As markets reopen on Monday, a mix of domestic and international events—including Q2 earnings reports, the US election, and global market dynamics—will likely shape market movements. On Friday, the Nifty 50 and BSE Sensex rose by 0.41% and 0.42%, respectively, during a special Diwali "muhurat" trading session. Auto stocks led this upward move, bolstered by strong monthly sales data. "The domestic market showed positive reversal signs this week, aided by festive sentiment, steady institutional inflows, and declining oil prices," said Vinod Nair, Head of Research at Geojit Financial Services. Market sentiment was also uplifted by easing geopolitical tensions and positive India-China relations. Q2 Earnings Investors will closely watch corporate earnings as the next batch of Q2FY25 results to be released...

[hfe_template id='11223'] [ad_1] Beating LIC's mammoth IPO worth Rs 20,557 crore in May 2022, Korean car manufacturer Hyundai Motor India's IPO of Rs 27,856 crore will rewrite record books as India's largest public issue ever. But large sizes and returns don't go hand in hand most of the time. Out of the 6 mega IPOs worth at least Rs 10,000 crore seen on Dalal Street so far, 5 of them gave negative returns on listing. Not just that, IPO investors who have held on to the stock in hopes of a turnaround are still sitting on losses, according to data from Prime Database. LIC IPO in May 2022, which was subscribed 2 times, resulted in a 8% loss on listing day. Paytm's Rs 18,300 crore IPO, which was also the biggest issue that time, lost over 27% of its value on listing day. Even now, Paytm IPO investors are sitting at massive losses. General Insurance Corporation's Rs 11,257 crore IPO resulted in 4.5% loss on listing in October 2017. IPO investors are ...

[hfe_template id='11223'] [ad_1] Life Insurance Corporation of India (LIC) has increased its stake in Bank of Maharashtra, the company informed the exchange in a filing. In an official statement on Saturday, LIC announced that it has raised its shareholding in the bank from 4.05 per cent to 7.10 per cent following a Qualified Institutional Placement (QIP). "..the Life Insurance Corporation of India ("the Corporation") has increased its shareholding in Bank of Maharashtra ("Company") from 4.05 per cent (pre-allotment) to 7.10 per cent (post allotment)" said LIC. The increased shareholding comes after LIC was allotted 25.96 crore equity shares as part of the QIP issued by the Bank of Maharashtra. Prior to this allotment, LIC held a 4.05 per cent stake in the bank. With the new shares, LIC now owns a 7.10 per cent stake, marking a significant rise in its ownership. The allotment was made under the guidelines of Regulation 30 of the Securities a...

[hfe_template id='11223'] [ad_1] The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the biggest winners, in-line with optimistic trends in equities. Last week, the BSE benchmark jumped 1,653.37 points or 1.99 per cent. The BSE benchmark soared 1,359.51 points or 1.63 per cent to settle at an all-time high of 84,544.31 on Friday. During the day, it jumped 1,509.66 points or 1.81 per cent to hit the lifetime intra-day peak of 84,694.46. The valuation of ICICI Bank surged Rs 63,359.79 crore to Rs 9,44,226.88 crore, the most among the top-10 firms. HDFC Bank added Rs 58,569.52 crore taking its market valuation to Rs 13,28,605.29 crore. Bharti Airtel's valuation soared Rs 44,319.91 crore to Rs 9,74,810.11 crore. The market capitalisation (mcap) of Reliance Industries climbed Rs 19,384.07 crore to Rs 20,11,544.68 crore. Hindustan Unilever's valuation gained Rs 10,725.88...

[hfe_template id='11223'] [ad_1] The combined market valuation of six of the top 10 valued firms jumped Rs 1,85,186.51 crore last week, with Life Insurance Corporation of India (LIC) and Infosys emerging as the biggest gainers. Last week, the BSE benchmark climbed 728.07 points or 0.90 per cent. The valuation of LIC surged Rs 44,907.49 crore to Rs 7,46,602.73 crore. Infosys added Rs 35,665.92 crore to its market valuation at Rs 7,80,062.35 crore. ITC's valuation soared by Rs 35,363.32 crore to Rs 6,28,042.62 crore. The market capitalisation (mcap) of Tata Consultancy Services (TCS) jumped Rs 30,826.1 crore to Rs 15,87,598.71 crore and that of Bharti Airtel climbed Rs 30,282.99 crore to Rs 8,62,211.38 crore. HDFC Bank's valuation rallied Rs 8,140.69 crore to Rs 12,30,842.03 crore. However, the mcap of Reliance Industries tumbled by Rs 62,008.68 crore to Rs 20,41,821.06 crore. The valuation of ICICI Bank declined by Rs 28,511.07 crore to Rs 8,50,020.53 crore. S...

[hfe_template id='11223'] [ad_1] Shares of realty firm Sobha fell 4.5% to Rs 1,779 in Friday's trade on the BSE following reports of a block deal. While the buyers and sellers in the transaction are not confirmed, media reports suggested that Anamudi Real Estate LLP, wholly owned by the Godrej family, is likely to sell 5% of its 9.9% stake in Sobha through block deals. At 10:13 am, Sobha shares were trading nearly 3.2% lower at Rs 1,803 on the BSE. Despite this dip, the stock has surged 190% over the past year and more than 80% year-to-date. In comparison, the BSE Sensex has delivered returns of around 21% over the past year. According to Trendlyne data, the target price for the stock is Rs 1,804. The consensus recommendation from 15 analysts for the stock is a 'Hold'. In technical terms, the relative strength index (RSI) of the stock is currently at 45.2. An RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. Additionally,...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 205.31 11:27 AM | 22 Jul 2024 -0.47(-0.23%) One97 Communications Share Price 450.5 11:27 AM | 22 Jul 2024 -8.25(-1.8%) YES Bank Share Price 25.31 11:27 AM | 22 Jul 2024 0.54(2.19%) ITC Share Price 467.5 11:27 AM | 22 Jul 2024 -7.06(-1.49%) HDFC Bank Share Price 1639.75 11:27 AM | 22 Jul 2024 32.46(2.02%) Tata Motors Share Price 1001.35 11:27 AM | 22 Jul 2024 11.36(1.15%) Zomato Share Price 220.01 11:27 AM | 22 Jul 2024 1.13(0.52%) Adani Enterprises Share Price 3012.0 11:27 AM | 22 Jul 2024 6.31(0.21%) Infosys Share Price 1818.4 11:27 AM | 22 Jul 2024 25.46(1.42%) Reliance Industries Share Price 3007.7 11:27 AM | 22 Jul 2024 -102.61(-3.3%) Adani Power Share Price 702.45 11:27 AM | 22 Jul 2024 7.96(1.15%) Vedanta Share Price 444.9 11:27 AM | 22 Jul 2024 5.1(1.16%) Indian Renewable Energy Development Agency Share Price 272.0 11:27 AM | 22 Jul 2024 -0.11(-0.04%) NHPC Share Price 107.12 11:27 AM |...

[hfe_template id='11223'] [ad_1] Shares of IDBI Bank rose 7% to Rs 94 in Thursday's trade on BSE after the Reserve Bank of India (RBI) has reportedly given its 'fit and proper' approval on bidders for the Bank ahead of the Union Budget 2024. IDBI Bank has been up for privatisation for several years, and the govt had been awaiting an RBI’s assessment on bidders meeting the “fit and proper” norms — or are compliant with regulations and are not under the scanner of other regulators — to move to the next stage of the process. The central bank has given its report on all but one bidder which happens to be a foreign participant, which did not share information and the overseas regulator too has not provided data, ToI on Thursday reported. With the current market cap nearing Rs 95,000 crore, the Centre could potentially realize around Rs 29,000 crore from the disinvestment. However, several observers have noted that the transaction terms are not very attractive. The...

[hfe_template id='11223'] [ad_1] Listed private life insurers are set to report strong annualised premium equivalent growth, driven by a lower base and buoyant equity markets. However, the value of new business (VNB) margins will be muted due to increased sales of unit-linked insurance plans and pressure on group term pricing. General insurance companies are expected to show improved profitability, benefiting from a low claims ratio amid strong growth in motor, health, and commercial lines. Life insurers will adjust to new surrender value regulations this year, compressing their VNB margins in the second half of fiscal year. The life insurance industry experienced muted growth in Q1FY24 due to a surge in high-value non-par policy sales in the preceding quarter before the change in taxation policies. From April 2023, the government removed tax benefits from all non-par policies with aggregate premiums of ₹5 lakh and above per year. Insurers are likely to report APE growth...

[hfe_template id='11223'] [ad_1] Benchmark equity indices traded higher on Tuesday, tracking gains from Asian peers and driven by index heavyweights Reliance Industries, and banking stocks. The BSE Sensex was trading 114 points, or 0.15%, higher at 75,504. The Nifty50 was up 43 points, or 0.19%, trading at 22,976 around 9:19 am. Reliance Industries, L&T, ICICI Bank, SBI, and NTPC were the top contributors to the Sensex, while Bharti Airtel, Infosys, ITC, and TCS dragged the index down. Meanwhile, LIC shares surged 2.6% after the firm reported a net profit of Rs 13,782 crore in Q4 of FY24, which was up by 4.5% over Rs 13,191 crore reported in the corresponding period of the last financial year. Adani Energy Solutions shares rose nearly 3% after the firm said that its board has approved a fundraise of up to Rs 12,500 crore.Sector-wise, Nifty Metal rose 1.25%, led by National Aluminium, Hindustan Zinc, and Hindalco. Nifty Bank, Media, Pharma, Healthcare, and Oil & G...

[hfe_template id='11223'] [ad_1] Equity markets declined in a volatile trade on Wednesday. The 30-share Sensex declined 117 points to settle at 72,987 and the broader Nifty dipped 17 points to close at 22,200. Stocks that were in focus include names like Siemens India, which rose 6.33%, Oil India, which jumped 1.98%, and LIC, whose shares increased 6.82% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today. Siemens India The stock is trading at an all-time high of 7240.00, showing strong momentum. However, on its monthly time frame charts, the stock has reached an RSI of 89, indicating overbought conditions. According to multiple technical indicators and momentum oscillators, the upside appears limited from current levels, and the stock is expected to face some profit booking at higher levels.It is likely to struggle at these higher levels, and it is advisab...

[hfe_template id='11223'] [ad_1] Quant Large Cap Fund-Reg(G) added or trimmed shares in 10 stocks in March finishing the January-March quarter with gains of 9.53%. Its returns trumped those given by the benchmark index and also the category returns during this period. ETMarkets analysis of Quant’s buying and selling action in March showed that this mutual fund scheme increased its shareholding in just two stocks in March over the February month viz. RIL and Tata Power while paring stake in the remaining eight stocks viz. Hindalco Industries, Britannia Industries, MphasiS, Gail (India), Adani Power, Life Insurance Corporation (LIC), Jio Financial Services and Adani Green Energy. Between January and March, Quant Large Cap Fund -Reg(G) plan has exited three stocks Sun Pharmaceutical Industries, National Aluminium Company (NALCO), Biocon. It held 6.82% in Sun Pharma while 0.55% and 4.51%, respectively in Nalco and Biocon in January. In Hindalco, Britannia, MphasiS, GAIL, LIC...