GAGA Share Market News

[hfe_template id='11223'] [ad_1] BSE Smallcap's 2% weekly slide had 821 culprits to blame for as they fell up to 43% in the truncated week that ended on Thursday. In this, 116 counters plunged in double-digits as the overall sentiments remained subdued on US recession fears and tariff wars, unleashed by President Donald Trump. The top 10 laggards in the week gone by include BMW Industries, Triveni Turbine, Veranda Learning Solutions, Jai Corp, Orchid Pharma, Coffee Day Enterprises, Max Estates, EKI Energy Services, Gensol Engineering and K&R Rail Engineering which fell between 16% and 43%. Others with double-digit decline include Sapphire Foods India, Aditya Birla Real Estate, Balu Forge Industries, Swan Energy, Birlasoft, Hindustan Construction Company, Texmaco Rail & Engineering, Vakrangee and Senco Gold.Smallcap PSU stocks like Housing & Urban Development Corporation (HUDCO), Bharat Dynamics, Cochin Shipyard, NBCC (India), BEML, Railtel Corporation Of ...

[hfe_template id='11223'] [ad_1] The NSE Indices Committee recently announced the September 2024 semi-annual reshuffle, affecting major indices such as the Nifty 50, Next 50, Nifty 100, and Nifty Bank. Effective September 30th, these adjustments are expected to significantly impact fund flows within the market. Two sectors, in particular, are poised for significant activity: retail and defense. In the Nifty 50, Trent and Bharat Electronics are set for inclusion. Meanwhile, Divis Labs, LTI Mindtree, Bharat Heavy Electricals, JSW Energy, Lodha, NHPC, and Union Bank are entering the Nifty Next 50. Conversely, Trent, Bharat Electronics, Colgate, SRF, Marico, SBI Card, and Berger Paints will exit the index. In the Nifty Bank index, Canara Bank will replace Bandhan Bank in a significant change. However, simply listing the entries and exits doesn’t capture the full impact. The real significance lies in understanding the resulting inflows and outflows of funds. Let’s explore thi...

[hfe_template id='11223'] [ad_1] Defence PSU stock GRSE (Garden Reach Shipbuilders & Engineers) on Friday rallied up to 7% to the day’s high of Rs 1,876 after it signed a Memorandum of Understanding (MoU) with National Highway Infrastructure Development Corporation. The MoU signed on Thursday was for the fabrication, supply, and launching of Double-Lane Class 70 Modular steel & Bailey bridges, according to the press release. This landmark agreement entails the construction and delivery of Class 70R DoubleLane Bridges, designed exclusively by GRSE, to enhance connectivity in critical forward areas along India's borders, facilitating seamless troop and equipment deployment. GRSE signed a similar MoU with the Border Roads Organization (BRO), where it has already supplied 44 nos. Bridges Pan -India. In August 2022, GRSE attained an exclusive distinction by becoming the sole Indian organization qualified for the esteemed Green Channel Certification for Portable St...

[hfe_template id='11223'] [ad_1] Shares of PSU stocks Mazagon Dock Shipbuilders and Garden Reach ShipBuilders (GRSE) have fallen nearly 12% and 7.4% respectively in the last three days after the domestic brokerage firm ICICI Securities issued a bearish report on Thursday predicting a downside potential of up to 77%. The domestic brokerage firm had retained its sell rating for both the stocks and given a target price of Rs 1,165, which indicated a downside potential of 77% while for GRSE the target price of Rs 515 was given, which signalled a potential downside of 74%. Here is what ICICI Securities had said: Mazagon Dock Shipbuilders ICICI Securities expects high margins to be sustained until FY27E as major deliveries are planned over the next 2-3 years. However, once the company starts executing new orders, its revenue recognition is likely to be milestone-based, and hence, the EBITDA margin could taper off to 12-15%. Despite factoring in the potential orders of P75 (thr...

[hfe_template id='11223'] [ad_1] Despite a decent Q1 performance, PSU bank stocks have struggled over the past month, falling nearly 6% (as of August 13), with concerns over valuations in the overall PSU sector weighing on the market. Experts ETMarkets spoke to anticipate stock-specific action rather than a runaway rally. Here’s why! Barring State Bank of India (SBI), which reported a 1% year-on-year (YoY) increase in its June quarter net profit, all other public lenders have posted double-digit growth. Notable gains include Punjab National Bank (PNB) with a 159% YoY increase, Uco Bank with a 147% YoY rise, and Central Bank of India (CBI) with a 111% YoY growth. The remaining banks have shown growth between 10% and 47%. Five banks reported double-digit growth in net interest income (NII): Punjab & Sind Bank (PSB), Bank of Maharashtra, UCO Bank, Central Bank of India (CBI), and Punjab National Bank (PNB). PSB led with a 23% year-on-year increase, followed by 20%, 12%,...