Page 33 - Stock Market Today

Vanguard to Goldman Sachs, global firms rush to buy Alipay's Zomato stakes

Shares of Zomato have nearly doubled this year as the company started to turn a profit after going public in 2021, prompting some of its biggest investors to lock in gains on their investments

Improving working capital, project execution key to rally in BHEL's stock

A rise in debtor days to 581 in Q2FY24, from an already high 567 days Y-o-Y has led to stresses on the working capital cycle

Cement sector on solid growth path; lower costs should support margins

India's largest cement maker, UltraTech saw an amazing 15.4 per cent volume expansion Y-o-Y, given the season and its scale

Jefferies initiates coverage on BSE with a 'buy' call, 24% upside

Stock already up 4x in 6 months

Rs 8.45 trillion & rising: Orders flood major capital goods firms

Both India and overseas demand behind the rush

SIP soars beyond city limits: Small towns lead in account additions

SIP account additions and SIP inflows from B30 have been growing at a faster pace than from T30

Sebi eases frameworks for AIFs, social exchanges, index providers

Defers decision on easing delisting, NRI investment norms; introduces framework on fractional real estate ownership

Private equity firms sell 9.8% stake in Home First Finance Company

The shares were sold in the price range of Rs 870 to Rs 871.Shares of Home First fell 4.3 per cent to close at Rs 875. Among the buyers were Smallcap World Fund and Fidelity Global

Exchanges slap fresh restrictions on stocks of small and medium enterprises

To safeguard the interest of investors, many brokers prohibit trading or purchase of shares of companies placed under GSM

Demat accounts on Central Depository Services platform crosses 100 mn mark

Central Depository Services (India) Ltd, or CDSL, began operations in 1999 and facilitates holding and transacting in securities in the electronic form and settlement of trades on stock exchanges

Crude, gas supply concerns ease as Israel-Hamas strike peace deal

Around 6-8 per cent of ONGC's gas production comes from new wells. Gas price may be assumed at $6.5/mmBtu from Q3FY24

Domestic brokerage Prabhudas Lilladher sets 12-month Nifty target 22,584

"Nifty is not in a bubble zone as it is trading at a 17.2 per cent discount to the 10-year average which provides comfort," said Amnish Aggarwal, head of research at Prabhudas Lilladher

Private life insurance companies seem to be on a secured path to growth

Recent data shows improvement in business, leading to share price gains

Private equity, venture capital investments dropped to $3.4 bn in October

By value, the bets were 3 per cent lower than the $3.5 billion in the year-ago period, and 19 per cent lower than the $4.2 billion in September, shows IVCA-EY report

Oberoi Realty flying high on new launches; brokerage bullish on the stock

Analysts expect the company to maintain its growth momentum and continue to deliver strong earnings growth with new project launches

'Odds against winning' over short term: Sebi chief cautions investors

The real power of the stock market lies in the long-term view: Sebi chair

Mankind Pharma surges 5%, Flair Writing sets price band of Rs 288-304

Besides Flair, the company's products are sold under brands such as Hauser, Pierre Cardin and Zoox

Cheap valuation likely to lend support to LIC amid weak performance

Policies that provide policyholders a share of the insurance company's profits as an annual dividend payout are also called par or with-profit policies

Morgan Stanley sets benchmark Sensex target of 74,000 by December 2024

This implies an upside of 12% from current levels

Markets extend gains, IT stocks dazzle; Sensex ends 306 points higher

Equity markets are rising after a soft inflation reading in the US and UK this week