Page 23 - Stock Market Trading

Stocks to Watch: Tata Power, M&M, Tata Motors, Ashoka Buildcon, Spandana

Stocks to Watch Today: Balrampur Chini, BHEL, Delta Corp, GNFC, Indiabulls Housing Finance, IRCTC and PNB are the seven stocks in F&O ban period on Monday.

IRCTC stock is still richly valued despite fall since news of OFS

While business prospects remain unchanged, one-year average target price of analysts is Rs 600

Sensex tanks 461 pts, Nifty below 18,300 amid global rout; all sectors fall

CLOSING BELL: Among sectors, the Nifty PSU Bank index sunk the most, down nearly 3 per cent. This was followd by losses in the Nifty Realty, Pharma, and Media indices, down over 1 per cent each

Sensex can drop to 58,000, Nifty 17,700 if these supports are violated

Presently, the BSE Sensex and Nifty 50 have breached their respecitve 21-SMAs, the following support levels need to be honoured in order to sustain a positive bias.

F&O Call: Nandish Shah recommends Bear Spread strategy in HAL

The derivative analyst from HDFC Securities recommends to Buy HAL 2600 Put and simultaneously Sell 2500 Put for the December expiry.

Sensex tumbles nearly 900 points: Top factors behind Thursday's market fall

The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388

Sensex drops 879pts, Nifty near 18,400 on Fed's hawkish pivot; IT worst hit

CLOSING BELL: The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388

Stock price of these two PSU banks have zoomed around 150% in last 22 days

In past one month, the stock price of UCO Bank zoomed 151%, while of Punjab & Sind Bank by 147%, as compared to 23% rise in the Nifty PSU Bank index and less than 1% gain in Nifty 50.

Sapphire Foods up 3% on heavy volumes, almost 11% equity changes hands

WWD Ruby intended to sell up to 31,77,127 equity shares representing 5 per cent of total equity of Sapphire Foods, in one or more tranches, by December 21, 2022.

IRCTC dips 5% after government sets OFS floor price at steep discount

The floor price for the OFS was set at Rs 680, a 7.4 per cent discount to Wednesday's closing price of Rs 734.70.

Abans Holdings IPO receives 46% subscription on third day of offer

The initial public offering of Abans Holdings, financial services arm of the Abans Group, got subscribed 46 per cent on the third day of offer on Wednesday. Abans Holdings' Initial Public Offer (IPO) received bids for 58,75,155 shares against 1,28,00,000 shares on offer, as per NSE data. Qualified Institutional Buyers (QIBs) category received 2.19 times subscription, while Retail Individual Investors (RIIs) portion got subscribed 32 per cent and non-institutional investors 17 per cent. The IPO of up to 1.28 crore equity shares has a fresh issue of up to 38 lakh equity shares and an offer for sale of up to 90 lakh equity shares. Price range for the offer is at Rs 256-270 a share. Proceeds from the fresh issue will be utilised towards investment in its NBFC subsidiary, Abans Finance, for financing the augmentation of its capital base to meet future capital requirements and for general corporate purposes. The company operates a diversified global financial services business, providi

Indian winemaker Sula's IPO oversubscribed with bids worth $190 million

Investors had bid for 43.8 million shares by the final day of bidding, 2.33 times the 18.8 million shares on offer, with institutional investors showing the most interest, exchange data showed

Sebi penalises Crude Oil Tipswala, 3 individuals for unregistered services

Sebi on Wednesday levied a fine of Rs 3 lakh on Crude Oil Tipswala (COT) and three individuals for providing investment advisory services without market regulator's authorisation. In addition, COT and the three individuals were restrained from the securities markets for six months. The order came after Sebi issued a show cause notice in June to COT, Jitendra Kumar Ganeshlal Bata, Goutam Sarvar and Mukeshbhai Ramanbhai Muniya for providing investment advisory services without obtaining registration from Sebi in violation of IA (Investment Advisers) norms. COT, Jitendra Kumar Ganeshlal Bata, Goutam Sarvar and Mukeshbhai Ramanbhai Muniya are collectively referred to as 'noticees'. The amount of fees collected by the noticees was Rs 39.26 lakh during June 2016-2021, the Securities and Exchange Board of India (Sebi) said in the final order. Therefore, the regulator imposed a fine of Rs 3 lakh on the noticees for violating market norms, it added. In its order, Sebi directed the noticee

SBI, Axis Bank, Larsen & Toubro among Sensex 30 hit fresh all-time highs

In the past one month, SBI up 3% has underperformed the PSU Bank index, which surged 21% during the period.

Triveni Turbine surges 5%, hits new high on fixing record date for buyback

With strong focus in enquiry generation and aggressive coverage plans, both in domestic and international markets, the management expect to convert large opportunities in the imminent future.

Sensex surges 403 pts; Nifty tops 18,600; PSU Bank index leaps 4%, IT 1%

CLOSING BELL: IndusInd Bank, Bajaj Finance, M&M, Tech M, HCL Tech, Infosys, TCS, Ultratech Cement, and Bajaj Finserv were the top gainers on the 30-pack index

Dharmaj Crop slips 11% in three days; falls below issue price of Rs 237

The stock had recently made a decent debut, with its shares listed at Rs 266 - a 12 per cent premium to its issue price.

Dalmia Bharat dips 5% a day after inking deal to buy Jaiprakash's biz units

Meanwhile, Jaiprakash Associates dipped 8 per cent to Rs 10.81, falling 13 per cent from its intra-day high, and Jaiprakash Power Ventures declined 5 per cent to Rs 7.90 on the BSE.

Stock of this PSU bank has nearly doubled in just nine trading sessions

Punjab & Sind Bank trading higher for the fourth straight day, surging 42 per cent during the period, and quoted at its highest level since February 2018.

KEC International soars 7% on securing new orders worth of Rs 1,349 crore

Analyst at Reliance Securities said, considering strong revenue visibility backed by healthy order book, earnings momentum with higher margin from Q4FY23 onwards and likely improvement in return ratio