Stock Market News

Tanushree Jaiswal || Today, Gold Rate surged to unprecedented levels in both domestic & international markets, with Comex gold soaring to new lifetime high of $2,412 per troy ounce, & spot gold hitting $2,395 per ounce during early trading. Additionally, silver prices reached new peak on Multi Commodity Exchange (MCX), with MCX gold price hitting record ₹72,718 per 10 grams & MCX Silver Rate touching ₹84,238 per kilogram within minutes of market opening. Experts attribute this surge in Gold & Silver Prices to anticipation of

Tanushree Jaiswal || Gol Rate Today hit the market high again. The question now arises whether the gold price will continue to rise or consolidate after reaching this high value. Predicting this is a complex task. In February, global central bank gold reserves continued their upward trajectory, expanding by 19 tonnes. This marks the ninth consecutive month of growth, although the increase was notably lower compared to January, which saw a total addition of 45 tonnes. Despite the month-to-month fluctuation, the year-to-date figures show a sub

Tanushree Jaiswal || Two officials of the US Federal Reserve stated that they are still estimating a trio of rate cuts in 2024. If the rates are cut, non-yielding precious metals can gain from this significant opportunity. The prognosis for precious metals was improved when two Federal Reserve officials stated they still anticipate the US central bank to lower rates three times in 2024. Gold maintained close to a new record, while silver reached a two-year high. Silver reached above $26 an ounce, but gold reached a new high above $2,288 bef

Tanushree Jaiswal || In the race for board seats and the future of the international entertainment behemoth, Walt Disney (DIS.N) opened a new tab that seemed to be winning out over activist investors. Before the company's annual meeting on Wednesday, 3rd April 2024, more than half of all shares were voted. T. Rowe, which has about 11.7 million Disney shares, or 0.64%, supported the business. He also declared that he had cast votes to re-elect Michael Froman and Maria Elena Lagomasino, the two Disney directors whom Nelson Peltz's Trian Fund

Tanushree Jaiswal || Teerth Gopicon IPO were floated for ₹125 on the NSE SME platform on April 16, representing a 12.6% premium over the issue price of ₹111.Gains were broadly consistent with the gray market, where the share was trading at ₹127 before of the IPO. The term "grey market" refers to unofficial, over-the-counter trading in securities before they are listed on exchanges. Most investors monitor the grey market to gain a sense of the listing price. Teerth Gopicon IPO, a completely new issuance of 40 lakh shares, was 75.54 times subs

Tanushree Jaiswal || DCG Cables and Wires IPO debuted weakly on NSE SME today. On NSE SME, DCG Cables and Wires share price opened at ₹90, 10% lower than the issue price of ₹100. DCG Cables and Wires' first public offering began on Monday, April 8, and ended on Wednesday, April 10. The issue's price band is established at ₹100 per share, with a face value of ₹10. The DCG Cables and Wires IPO lot size was 1,200 equity shares, which investors may bid on at a minimum. On day three of the DCG Cables and Wires IPO, the subscription rate was 16.96

Tanushree Jaiswal || Grill Splendour Services, founded in 2019, is network of gourmet bakeries & patisseries in Mumbai with 17 retail locations, central manufacturing plant, & many corporate clients that operate under brand name Birdy's. Grill Splendour Services purchased Birdy's Bakery & Patisserie from WAH Restaurants Private Limited in November 2019 to broaden its presence in hospitality business. Grill Splendour Services Limited, founded in November 2019, is network of gourmet bakeries & patisseries in Mumbai with 17 reta

Tanushree Jaiswal || Ramdevbaba Solvent Limited, established in 2008, produces & distributes physically refined rice bran oil. company manufactures, distributes, markets, & sells rice bran oil to FMCG firms like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, & Empire Spices & Foods Ltd. Ramdevbaba Solvent company also manufactures, promotes, & sells rice bran oil under its own labels "Tulsi" & "Sehat" through thirty-eight (38) distributors, who then sell to other merchants throughout Maharashtra.

Tanushree Jaiswal || Jefferies is bullish on Bharti Hexacom, a Bharti Airtel group company, citing its strong growth prospects and healthy margin expansion. The brokerage initiated coverage on the stock with a "buy" rating and a price target of ₹1,080, which represents a near 34₹ upside potential. This positive assessment led to a nearly 9₹ surge in the share price, with Bharti Hexacom trading at ₹869.85 on the NSE at 9:44 am. According to Jefferies, Bharti Hexacom presents a compelling investment opportunity in the Indian telecom sector, le

Tanushree Jaiswal || Jio Financial Services Ltd witnessed a sharp rise in today's trading session following its announcement of a collaboration with BlackRock, a non-banking financial company (NBFC). The stock surged by 4.90 percent, reaching a day high of ₹371.75. However, it remained 1.84 percent lower than its all-time high value of ₹378.70, recorded last week on April 8. The collaboration with BlackRock further solidifies Jio Financial's relationship with the global investment firm. This partnership aims to revolutionize India's asset ma

Tanushree Jaiswal || Despite all of the positives from the March quarter, TCS' management looked to be holding back on calling for a growth recovery, according to UBS. Given the unclear macroeconomic, the brokerage appears to be concerned about the danger of transaction deferments and slippages. Tata Consultancy Services (TCS) shares climbed on April 15 as the business exceeded market expectations with a profit in the quarter ending March 2024. The business announced its largest EBIT margin in three years, as well as a record $13.2 billion i

Tanushree Jaiswal || Amid escalating tensions in West Asia, leading to concerns over Iran-Israel conflict, Indian stock market witnessed significant downturn on 16th April morning. Both Sensex and Nifty plummeted by around 1 percent, reflecting investor apprehension in face of geopolitical uncertainty. Broader market indices, such as Nifty Midcap 100 and Nifty Smallcap 100, also experienced substantial declines of up to 3 percent. Analysts anticipate period of consolidation following recent upward trend, especially with onset of earnings season

Tanushree Jaiswal || For the week commencing on 22nd April 2023, there are 8 NFO or new fund offerings of mutual funds available for investors. These funds range from a wide spectrum of equity, debt, and multi-asset funds. Here is a quick look at the eight funds available for subscription this week. Baroda BNP Paribas Value Fund This fund comes from the house of Baroda BNP Paribas Mutual Fund. This NFO is a pure equity open ended fund with the objective of generating long-term capital appreciation from a diversified portfolio o

Tanushree Jaiswal || HDFC Mutual fund will launch its new fund offering (NFO) of the proposed HDFC Defence Fund on 19th May 2023. Subscription to the NFO will close on 02nd June 2023 and once the allotment is completed, the fund will be available for NAV related sale and repurchase at NAV related prices. Highlights of the HDFC Defence Fund Here are some of the stand out features of the proposed NFO of HDFC Defence Fund. • The fund will invest in defence and aerospace stocks as well as in allied sectors. It will benchmark to the N

Tanushree Jaiswal || It is a known fact that FPIs have been major sellers in Indian equities since October 2021. In fact, between October 2021 and June 2022, the FPIs had sold equities to the tune of $33 billion. There has been some respite in the second half of 2022 but FPIs are back to their selling ways in 2023. However, the flows from mutual funds were exactly in contrast. For instance, mutual funds have infused Rs1.8 trillion into equities on a net basis in FY22 and an equivalent amount in FY23 too. That is seriously quite a lot and it act

5paisa Research Team || The COVID pandemic was almost like a turning point for the economy and the markets. It is now exactly over 3 years since the Nifty and Sensex made a bottom around the last week of March 2020 and started the post-COVID recovery. A lot has changed in the Indian markets since then. For starters, the equity markets have rallied to new highs and have held there despite bouts of corrections. Foreign portfolio investors started investing with a bang and infused billions of dollars into India in the post COVID scenario. However,

Shreya Anaokar || On 14th February, Gland Pharma announced its quarterly results. Key Highlights: - The Company reported its revenue from operations at Rs. 1545.2 crores, up 65% YoY - EBITDA was reported at Rs. 355.7 crores, up 23% YoY - Profit after Tax stood at Rs. 191.9 crores, a drop of 17% YoY Business Highlights: - US market accounted for 53% of Q3FY24 revenue as against 62% in Q3FY23. - The growth in the Europe and ROW market due to the acquisition of Cenexi. - The rest of the World market accounted for 18% of Q3FY2

Shreya Anaokar || On 13th February, Eicher Motors announced its quarterly results. Key Highlights: - The Company recorded its highest-ever revenue from operations at Rs. 4,178.84 crores, up 12.30% YoY - EBITDA was reported at Rs. 1,090 crores, up 27% YoY - Profit after Tax stood at Rs. 995.97 crores, registering a strong growth of 34.44% YoY Business Highlights: - Royal Enfield sold 229,214 motorcycles in the quarter, an increase of 4% compared to 219,898 motorcycles sold over the same period in FY 2022-23. - The company

Shreya Anaokar || On 7th February, Tata Consumer Products announced its quarterly results. Key Highlights: - Revenue from Operations for the quarter at Rs 3,804 Crores, up by 9% - Consolidated EBITDA for the quarter at Rs 576 Crores, grew by 26% - Profit for the quarter was reported at Rs.315.53 Business Highlights: - The India Packaged Beverages division had a 4% increase in revenue for the quarter. Coffee's stellar success persisted, as its revenue increased by 32% throughout the quarter. - The India Foods company expand

Shreya Anaokar || On 7th February, Nestle India Ltd announced its quarterly results. Key Highlights: - Total Sales for Nestle India was reported as Rs.4583.6 crore. Total Sales Growth was at 8.3%. Domestic Sales Growth at 8.9%. - Revenue from operations was reported at Rs.4600.42 crores - Profit from Operations at 21.9% of Sales - Net Profit of Rs. 655.6 crore. Business Highlights: - With focused demand generation strategies across major platforms based on portfolio relevance and consumer demands, the e-commerce busines

Tanushree Jaiswal || The Foreign Exchange Derivatives market in India is undergoing a substantial disruption on April 5, due to the implementation of newly announced regulations by the Reserve Bank of India (RBI). It is anticipated that the implementation of these regulations, which mandate an underlying foreign-exchange exposure for currency derivatives trading on stock exchanges, will significantly affect the market, specifically affecting retail traders and speculators, who make up a substantial proportion of the participants. To comply w

Tanushree Jaiswal || In a rather low-profile move, the RBI has decided to officially withdraw the ₹2,000 notes from the currency circulation. This will be effective from 30th September 2023. Between March 23, 2023 and September 30, 2023, the RBI will offer a special window for the people holding these ₹2,000 currency notes to either exchange their notes or deposit these notes into the bank account. Banks will offer this window only up to September end and after that the ₹2,000 note cannot be either exchanged or even deposited in any of the comm

5paisa Research Team || The Indian rupee is going through its worst crisis yet. On Tuesday, it sunk to its lowest yet, going below the psychologically crucial mark of 80 to the US dollar. The rupee went as low as 80.05 to the dollar, before it was helped back up by some intervention from the country’s central bank. The Reserve Bank of India pumped some US dollars into the currency markets to steady the currency slightly after it went down for the seventh consecutive trading session. Is the Indian rupee the only one that has been falling

Tanushree Jaiswal || Shares of solar related stocks surged by up to 5% today following the announcement by Union Finance Minister Nirmala Sitharaman. During the presentation of the interim budget for the fiscal year 2024-2025, she unveiled the "Pradhanmantri Suryodaya Yojana," proposing assistance for installing rooftop solar systems in 1 crore households. Under the initiative, rooftop solarization aims to provide up to 300 units of free electricity every month to one crore households. Finance Minister Sitharaman emphasized that this move al

Tanushree Jaiswal || In her recent interim Budget presentation, Union Finance Minister Nirmala Sitharaman announced that there would be no alterations to direct and indirect tax rates, including import duties for the fiscal year 2024-25. Sitharaman highlighted the government's commitment to maintaining stability in taxation and shared positive news on reduced refund processing times. The Finance Minister highlights a reduction in the average refund processing time, from 93 days in 2013-2014 to just 10 days in the latest fiscal year. Durin

Tanushree Jaiswal || To boost India's agriculture sector, Finance Minister Nirmala Sitharaman announced the expansion of Nano DAP (Liquid) application across all agro-climatic zones. This has sparked a positive response in the stock market, with notable gains in fertiliser stocks. Nano DAP Composition and Benefits Following the announcement, key players in the fertiliser industry witnessed a surge in their stock prices. Coromandel International shares rose by 1.5%, while Gujarat Narmada Valley Fertilisers & Chemicals (GNFC) recovered

Tanushree Jaiswal || For budget 2024 experts project a record breaking budgetary allocation for Indian Railways, set to surpass ₹3 lakh crore in 2024-25, marking a 25% increase from the previous year. As we look forward to the upcoming Interim Budget, Finance Minister Nirmala Sitharaman is expected to reinforce the momentum of the railway sector's growth. Recap of 2023-24 Past year witnessed milestones for Indian Railways, from the inauguration of multiple Vande Bharat trains and the introduction of the no-frills Amrit Bharat Express to t