Stock that will see action today: July 25, 2024
Results corner: Ashok Leyland, AU Small Finance Bank, AAVAS Financiers, Adani Energy Solutions, Adani Green…
JSW Infrastructure to invest ₹2,359 crore in port expansion
JSW Infrastructure Limited, India’s second-largest private commercial port operator, has approved a ₹2,359 crore capital expenditure plan to expand capacity at its Jaigarh and Dharamtar ports. The company aims to increase its total capacity by 36 million tonnes per annum (MTPA), with 21 MTPA at Dharamtar and 15 MTPA at Jaigarh. The shares of JSW…
As prices soften, festival period triggers buying interest in gold jewellery
A sudden fall in gold prices after the Indian government reduced the import duty in the Budget and a recovery thereafter will likely trigger fresh buying interest in gold jewellery among consumers during the current festival season. Gold prices fell from ₹72,600 per 10 grams to ₹69,100 after Finance Minister Nirmala Sitharaman announced that the…
Broker’s call: VA Tech Wabag (Buy)
Target: ₹1,700 CMP: ₹1,368.90 We are initiating coverage on VA Tech Wabag Ltd. (VTW) with a Buy recommendation and a target price of ₹1,700/share. Regulatory bodies worldwide are allocating additional resources towards the conservation of water sources and implementing stricter regulations to minimize the impact of industrial waste on water bodies. This has led to…
As prices soften, festival period triggers buying interest in gold jewellery
A sudden fall in gold prices after the Indian government reduced the import duty in the Budget and a recovery thereafter will likely trigger fresh buying interest in gold jewellery among consumers during the current festival season. Gold prices fell from ₹72,600 per 10 grams to ₹69,100 after Finance Minister Nirmala Sitharaman announced that the…
Ather Energy files for ₹3,100 crore IPO to expand electric two-wheeler production
Electric two-wheeler maker Ather Energy has filed its draft red herring prospectus (DRHP), which proposes a fresh issue of shares worth ₹3,100 crore through its initial public offering (IPO). The Bengaluru-based company’s IPO combines a fresh issue and an offer for sale of up to 2.2 crore equity shares with a face value of ₹1…
Broker’s call: CCL Products (Buy)
Target: ₹1,221 CMP: ₹746 CCL Products (India) Ltd (CCL) ranks as India’s largest manufacturer and exporter of instant coffee, as well as the world’s largest private label instant coffee manufacturer. The company specializes in a diverse range of coffee products. CCL operates four manufacturing units with a total capacity of about 60,000 MTPA for Spray…
Trends of strong FDI to accelerate in coming quarters: Experts
“With Foreign Direct Investments (FDI) growing 47.8% to $16.17 billion during April-June 2024, India is expected to see further acceleration in the inflow on account of a potential Fed rate cut, modest growth outlook in the U.S., and the country’s favourable economic outlook,” experts say. They also said that investment destinations have changed over the…
Sensex and Nifty close higher as FMCG and banking stocks lead gains
Indian stock markets ended on a positive note on Monday, with the BSE Sensex closing at 81,559.54, up 375.61 points or 0.46 per cent, while the Nifty 50 finished at 24,936.40, gaining 84.25 points or 0.34 per cent. The day’s trading session saw a reversal from the previous day’s losses, primarily driven by strong performances…
This NRI couple in Melbourne is looking to move back for family and higher affordability
While the quality of life in Melbourne is superior, it comes at a heavy price — both literally and metaphorically. “We miss family and the general lack of community the most. Australia is a lonely country. That’s the primary reason we want to move back,” said Saurabh. “Also, the cost of living as a percentage…
Airtel launches high-interest fixed deposit service
Bharti Airtel, a leading Indian telecommunications provider, announced today the introduction of a fixed deposit marketplace through its digital arm, Airtel Finance. The new service offers interest rates up to 9.1 per cent per annum, significantly higher than current industry standards. The shares of Bharti Airtel Limited were trading at ₹1,544.20, up by ₹4.95 or…
