F&O expiry: Sensex ends choppy trade on flat note, gains 6% in Aug series

Sectorally, the metals pack bled the most, down 1.3 per cent, followed by the PSB Index (down 0.8 per cent)

12:04 PM

Sensex heat map

RIL keeps markets afloat

12:02 PM

Index watch

12:01 PM

Nifty check

12:01 PM

Markets at Noon

11:44 AM

BSE 500 :: Top gainers today

Company	PRICE(rs)	CHG(rs)	CHG(%)
Swan Energy	146.05	15.45	11.83
Balaji Amines	3666.30	206.25	5.96
ABB Power Produc	2067.35	109.25	5.58
Adani Total Gas	1294.55	61.60	5.00
Adani Transmissi	1365.00	65.00	5.00

11:42 AM

Edelweiss on mid, smallcaps

11:41 AM

Anand Rathi on Bodal Chemicals

In addition to the growth in the revenue, we expect the company to deliver strong EBITDA and PAT margins of ~10% and ~6% respectively in FY23E. Our estimates for EPS for the year FY22E & FY23E is projected to be ~Rs. 4.92 and Rs. 7.50 respectively. Hence, we initiate coverage on Bodal Chemicals Ltd with a ‘BUY’ rating. We have assigned a P/E multiple of ~18X and arrived at a target price of Rs.135 that provides an upside of ~31% from the current market price of Rs. 103 within an investment horizon of 18 to 24 months. 

11:40 AM

JM Financial on insurance sector

Maintain BUY on HDFC Life (TP INR800, 16% upside), SBI Life (TP INR1,300, 13% upside) and IPRU Life (TP INR710, 8% upside) as we draw comfort from their leadership position, strong distribution network, diversified product suite, healthy operating metrics and strong solvency (203% for HDFC Life, 215% for SBI Life and 194% for IPRU Life).

11:40 AM

JM Financial on real estate sector

We expect Indian REITs to deliver significantly improved numbers for FY23 and believe they continue to offer attractive total return potential (13-17% by Mar’22). Most portfolios have already seen major expiries and are unlikely to see significantly more. We continue to like Mindspace REIT, Brookfield REIT and DLF in the commercial segment

11:39 AM

CarTrade Tech hits new low since listing; down 11% from issue price

Shares of CarTrade Tech were trading lower for the third straight day, down 2.4 per cent at Rs 1,441.60 on the BSE in intra-day trade on Thursday, in an otherwise firm market. The stock was quoting at its lowest level since its listing on Friday, August 20, 2021. With the past three days' 8.7 per cent fall, the market price of CarTrade Tech has declined 11 per cent from its issue price of Rs 1,618 per share. READ MORE HERE

11:31 AM

3 reasons why pharma's 'underperformer' tag at markets could change soon

The Pharma sector has been an underperformer on the stock exchange during the last bull run. While the Nifty 50 has returned 45 per cent in the last 12 months and 5 per cent in the last 30 days, the Nifty Pharma index has returned 19.5 per cent and minus 5.6 per cent, respectively. This trend could change over the next three months, for several reasons. READ MORE

11:21 AM

NEWS ALERT :: JKumar Infra bags order worth Rs 455 crore

Find order details here

11:05 AM

Corporate Action :: Affle (India) Board approves share split in 1:5 ratio

Board approved stock split of Company's One (1) equity share of face value of Rs.10/- each into Five (5) equity shares of face value of Rs.2/- each, subject to the approval of shareholders and other approvals as may be required and post approval of the shareholders for the stock split, record date for the same shall be October 8, 2021.
 

11:01 AM

Hind Rectifiers zooms 37% in 2 days after Cassini Partners buys stake in co

On Wednesday, August 25, 2021, Cassini Partners L.P. purchased 98,612 equity shares, representing 0.59 per cent of the total equity of Hind Rectifiers at a price of Rs 181.90 per share via block deal on the NSE, the exchange data shows. The name of the seller could not be ascertained immediately. READ MORE

10:46 AM

NEWS ALERT

>> Barclays Bank infuses over Rs 3,000 crore capital to grow India operations