Multibagger healthcare stock Sakar Healthcare retraced from near record highs on Thursday, 21 May, as the underlying market mood remained cautious. The stock touched an intraday high of ₹818.80 on…
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FPI Selloff: Financials worst hit by outflows in first half of May. What are foreign investors buying and selling most?
Foreign portfolio investors (FPIs) have remained persistent sellers in the Indian stock market this year, with cumulative outflows already surpassing the total recorded in the previous calendar year. The sustained…
Honeywell shares jump over 18% to 6-month high after Q4 results; JM Financial raises target price
Shares of India surged 18.4% in Thursday’s trade, May 21, to hit a six-month high of ₹35,735, as investors reacted positively to the company’s better-than-expected performance in the March quarter.…
Do you know what Stagflation is? What are its causes, warning signs and market impact?
India may be entering a stagflationary phase as slowing growth, persistent inflation, and widening balance-of-payments stress converge, Systematix said in its report. The brokerage noted that the recent ₹3 per…
Autofurnish IPO Day 1: Issue sees subdued demand; check subscription status, GMP, and other details for SME IPO
Autofurnish IPO Day 1: The initial public offering (IPO) of Autofurnish opened for subscription today, 21 May, and will close on Monday, 12 May. The IPO price band for the…
Rupee’s fall to 97 sparks concern. But is the whole of Asia under pressure too?
The rupee is now on a nine-day losing streak, losing around 2.5% of its value and repeatedly hitting fresh record lows against the US dollar. As the rupee slipped near…
Nifty 50 may hit 28,000–30,000 by end of FY27: smallcase
Benchmark equity indices could see gradual gains in FY27, with the Nifty 50 expected to trade in the 28,000–30,000 range by the end of the financial year, driven primarily by…
Zepto plans to float ₹11,000-crore IPO in July
Quick commerce platform Zepto plans to launch its Rs 11,000-crore initial public offering (IPO) in July, people familiar with the matter said on Thursday. If the listing goes through, Zepto…
Adani Ports to acquire Jaypee Fertilizers for ₹1,500 crore through insolvency
Adani Ports and Special Economic Zone on Thursday said it will acquire a 100 per cent stake in Jaypee Fertilizers & Industries from Jaiprakash Associates for ₹1,500 crore, as part…
Spike in freight rates amid global tensions big challenge for steel sector: Tata Steel official
A 28-30 per cent surge in global freight costs amid geopolitical tensions, including the escalating West Asia situation, is emerging as the biggest challenge for India’s steel industry, even as…