This recently listed stock hit record high today; stock zooms 24% in 2 days
Bharti Airtel hits all-time high in weak market; zooms 63% thus far in FY24
What is Sebi stress test and why Quant MF will take 22 days for 50% small-cap liquidation
SC orders SBI to disclose electoral bond numbers to Election Commission
Paytm gets 5 handles to continue UPI transactions, existing one to continue
Fintech firm One97 Communications, owner of the Paytm brand, has got five handles in partnership with four banks to continue UPI transactions, as per an update on the NPCI website.
L&T Technology Services bags $100 mn deal for Maharashtra cybersecurity
L&T Technology Services (LTTS), the engineering and technology services arm of Larsen & Toubro (L&T), has won a “first-of-its-kind” programme in India worth around $100 million (Rs 800 crore) from the Maharashtra State Cyber Department.
“This initiative extends LTTS’ commitment to developing secure, digitally interconnected smart and safe cities through premier cyber security and digital forensic solutions consolidated under one umbrella,” said the company in a statement. Read more
IIFL Finance hits lowest level since Oct’ 22; stock tanks 42% in 2 weeks
Shares of IIFL Finance hit a 17-month low of Rs 360 as they slipped 3 per cent on the BSE in Friday’s intraday trade after Fitch Ratings Singapore Pte Ltd (Fitch). and Brickwork Ratings India Private Limited (Brickwork) revised their ratings for the company.
On Tuesday, March 13, rating agencies CRISIL Ratings, Care Ratings, and Icra revised their ratings on IIFL Finance and IIFL Home Finance. Read more
IIFL Finance | Photo: Facebook
Analysts favour defensive bets as hedge against equity market downturn
The recent market downturn led by broader indices is making analysts favour defensive sectors on bets that the current volatility will continue in the near term.
Defensive stocks are those that tend to hold up better than the overall market during periods of volatility or economic weakness. Read more
ILLUSTRATION: AJAY MOHANTY
BPCL, HPCL, IOC shed up to 8% on petrol, diesel price cut, margin worries
Investors shunned shares of oil marketing companies (OMCs) on Friday as they feared that the government’s decision to cut retail prices of petrol and diesel could hurt the companies’ profit margins in the near-term.
Photo: Bloomberg
IRFC, Zomato, Voda Idea: Trading strategies for most actively traded stocks
As the fight between the bulls and bears gets fierce on the bourses, stocks are expected to witness wild swings in the coming trading sessions. As much, the most active stocks of the trading day, or stocks that draw the highest investor participation garner more limelight.
On Friday March 15, as of 10 AM, Yes Bank, Voda Idea, IRFC, NHPC, Tata Steel, IOC, PNB, HPCL, Bharat Electronics and SAIL were the top 10 traded stocks among the Nifty 200 index. Read more
Biocon slips 5% on plan to sell branded formulation biz to Eris
Edelweiss Stress Test Result: Can liquidate 50% of SmallCap Fund in 3 days
BPCL, HPCL, IOC shed up to 6% on petrol, diesel price cuts, margin worries
Comment :: ‘Thursday’s rebound is unlikely to sustain’
Results of the stress tests conducted by the mid and small cap schemes of mutual funds expected today will be keenly watched by the market.
If there are clear signs of stress there can be regulatory action by the Sebi, which will impact sentiments in the broader market. Even without stress tests, one thing is clear: the broader market valuations are expensive and in some pockets valuations are frothy.
This is clearly unsustainable. Even when prospects for certain sectors are good, valuations have run ahead of fundamentals.
Low floating stock in many segments has resulted in prices shooting up. Investors should understand that high quality largecaps with good growth prospects are available at fair valuations. Focussing on such stocks would be safer than chasing smallcaps with stretched valuations.
Views by: V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.