Stocks to buy: Domestic brokerage firm Axis Securities in its latest note has lifted its rating on the Steel Authority of India (SAIL) to ‘buy’ from ‘hold’ and also lifted the target price to ₹130 apiece from ₹115, citing the improving steel spreads, which it believes will improve the stock’s risk-reward outlook. According to the…
Mining giant Vedanta-owned firm, Hindustan Zinc received an official penalty notice from the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) over non-compliance of the number of independent directors on the firm’s board, according to an exchange filing. “The Company has received a Notice from BSE Limited and National Stock Exchange of India…
Mumbai: The bulls roared back into Dalal Street on Tuesday, as both domestic and foreign investors pumped for Indian equities, sending the markets up by the highest margin in more than a month. Experts said the sharp correction seen over the past six months encouraged investors to buy as stocks fell to attractive levels. Broader…
Life Insurance Corporation of India (LIC) hopes to decide on acquiring stake in a health insurance company by the end of March, its chief executive said on Tuesday. “I am very much hopeful that within this financial year, before 31st March, some decision can be taken,” Siddhartha Mohanty, the chief executive officer of India’s largest…
Here’s a quick look at stocks likely to be in focus in today’s trade. IndusInd Bank Moody’s Investors Service has affirmed IndusInd Bank‘s long-term foreign currency deposit rating at Ba1 with a stable outlook. However, the agency has placed the bank’s Baseline Credit Assessment (BCA) under review for a possible downgrade due to concerns over…
Patanjali Foods share price rose as much as 1.52 per cent on Monday’s trading session after global brokerage firm Jefferies initiated coverage on the stock with ‘buy’ rating. At 9:30 am, Patanjali Foods stock was trading at ₹1,736 on March 17. The stock has fallen over 4 per cent in over a month. Jefferies has…
Buy or sell stocks: Following weak global market sentiments after the US stock market crash, the Indian stock market ended lower on Thursday. The Nifty 50 index finished 73 points lower at 22,397, the BSE Sensex ended 200 points lower at 73,828, while the Bank Nifty index ended marginally higher at 48,060. Auto and IT…
India is structurally strong and cyclically slow, which led to a slowdown in corporate earnings from 8% to 10% from 15-20%. High interest rates, India’s general elections, and global political shifts contributed to the slowdown. The equity market trades at 19x, close to the Covid Feb 2020 lows of 18.3x. Also Read | Wall Street…
Dividend Stocks: Shares of major companies, including Castrol India, Angel One, Power Finance Corporation, Acceleratebs India, and IRFC are among others set to trade ex-dividend on Monday, March 17, 2025. According to the BSE data, some companies have announced other corporate actions, such as bonus issues and stock splits. Also Read | Buy or sell:…
Latest Market News Today Live Updates: Catch today’s market wrap-up! Track Nifty 50 and Sensex movements, along with top gainers and losers. See how Asian and US markets fared and which sectors led the charge (or declined). Summary: Follow Mint’s market blog for real-time updates on your favourite companies. This blog keeps you informed on…
