India Financial News

Small-cap stock below ₹5: Integra Essentia shares are one of the rare penny stocks owned by India's Life Insurance Corporation (LIC). The penny stock below ₹5 has been on an uptrend for the last few sessions. The small-cap stock has touched the upper circuit for four straight sessions.

ICICI Securitiesin its latest note has upgraded its rating for both Sun TV Network and Zee Entertainment Enterprises from 'Add' to 'Buy' and also raised their target prices. The brokerage cites the expectation that these companies will benefit in the medium term as FMCG companies increase their ad spending.The brokerage has lifted the target price on ZEE to ₹195 apiece from an earlier price of ₹155 as it believes the stock should re-rate given the potential tailwinds for TV broadcasters.Also Read: Prediction: These could be the best-performing value stocks through 2030For SUN TV, the brokerage revised the target price higher to ₹1,000 per share from ₹758, anticipating significant growth in ad revenue.

Indian listed companies to say the least. The BSE Sensex saw an incredible rise of about 24%, outperforming past performance. In addition, a cohort of companies have been buzzing in the market due to their turnaround stories.

₹63."HCC’s 10-decade-old experience of executing in-house complex and marquee projects, 26 percent of hydropower capacity and 60 percent share of India’s civil nuclear power capacity positions it to capture on ₹1.5 lakh crore nuclear opportunity," said the brokerage.Once a prominent player in India's infrastructure sector, HCC faced a downturn after FY11 due to policy paralysis and delayed government decision-making, which severely impacted the entire construction industry. However, after a decade of challenges, including debt restructuring, dispute resolutions, and monetisation of non-core assets, the company is poised for a resurgence, noted Elara.

₹61.53 crore. In the fourth quarter of 2023-2024, the company's revenue declined 10.49% from the same time prior year, to ₹605.22 crore. "We achieved a remarkable 52% EBITDA growth yoy expanding the margin to 12% in FY24; this has been the first year post the de-merger we were able to record a double-digit EBITDA margin and aim to sustain it in the coming years as well.

Times of India reported. As per the report, Harpreet Singh Saluja, the President of the IT employee union, said that candidates who were offered positions in companies including TCS, Infosys, Wipro, Zensar, and LTIMindtree have complained to the labour union about delays in onboarding.

Read here: Indian stock market ready for a dream run, target Nifty 50 at 25,816, says PL; bullish on Auto, Banks, Defence, FMCG In its High Conviction Picks, Prabhudas Lilladher’s top largecap stock picks include HDFC Bank, ICICI Bank, ITC, Larsen & Toubro, Max Healthcare Institute, Maruti Suzuki, Reliance Industries and Siemens.Here are top largecap stock picks by Prabhudas Lilladher:Prabhudas Lilladher believes replacement of HDFC’s liabilities over FY24-26E should lead to improving margins and better net profit CAGR. It has a ‘Buy’ rating on HDFC Bank shares with a target price of ₹2,000 apiece.The brokerage firm has maintained a ‘Buy’ rating and increased ICICI Bank share price target to ₹1,450 from ₹1,300 earlier.Also Read: Turnaround stocks to 2024: Top 5 shares that are potential multibaggersITC’s cigarette volumes rose 2.1% in Q4FY24 and the broking house expects returns to be driven by cigarette volume numbers and budget outcome in July while FMCG will continue to expand margins by 80 - 100 bps annually.

summer weddings, Rathore shares some of the style rules he follows that will make you fashion-forward and keep you cool.

retail trading landscape in India has undergone a significant transformation, largely driven by the emergence of individual investors. These retail traders, armed with technology, access to information, and a thirst for financial independence, are reshaping the market's dynamics. The proliferation of smartphones and easy access to the internet has democratised investing like never before. According to a report by the Telecom Regulatory Authority of India (TRAI), the number of smartphone users in India reached over 760 million by the end of 2023, a significant increase from previous years. This surge in smartphone penetration has played a pivotal role in enabling individual investors to participate in the financial markets.

Samsung has partnered with One 97 Communications Limited (OCL), which runs fintech firm Paytm, to launch flight, bus, movie, and event ticket bookings on the Samsung Wallet. This collaboration is to enhance consumer convenience by providing a seamless booking experience directly through Samsung Wallet, according to a statement released on Thursday.

Insurance stocks were in buzz on Thursday, rising up to 3% after the Insurance Regulatory and Development Authority of India (IRDAI) significantly increased surrender values for non-linked products in the initial periods affecting insurers such as LIC, HDFC Life Insurance, and Max Life Insurance as they derive up to 52% of FY24 total APE from this segment. Shares of LIC, HDFC Life and SBI Life were up by 0.66% at Rs 1,005, 2.65% at Rs 587.50 and 0.02% at Rs 1,454.65 respectively around 10:30 on BSE today.

Tube Investments of India Ltd. rose 2.12 per cent to Rs 4169.0 in Thursday's trade as of 12:02PM (IST) even as the benchmark Nifty ruled at 23399.6, up 76.65 points. The scrip had closed at Rs 4082.15 in the previous session. The stock quoted a 52-week low of Rs 2729.1 and a high of Rs 4268.4. The company quoted a market-cap of Rs 80049.18 crore on the BSE.

Indian Hotels Company Ltd. rose 0.52 per cent to Rs 587.3 in Thursday's trade. It hit an intraday high of Rs 592.0 and low of Rs 584.75, respectively, during the day. The stock quoted a 52-week high price of Rs 622.25 and low of Rs 371.45.

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Bank Nifty was up by 64.05(0.13%) at 13 Jun 2024 10:44:56 IST.Other stocks such as Sanofi India, Semac Consultants, Shubhlaxmi Jewel Art, Osia Hyper Retail hit their fresh 52 wk lows today.

Bharatiya Janata Party (BJP) may snap ties with Ajit Pawar-led NCP and, instead, fight the upcoming Maharashtra assembly elections with Chief Minister Ekanth Shinde-led Shiv Sena as its ally, according to a report in the New Indian Express. This after a write-up in an RSS mouthpiece said that the alliance with Deputy Chief Minister Ajit Pawar-led NCP was one of the reasons for the BJP’s Lok Sabha poll setback in Maharashtra.The opposition Maha Vikas Aghadi (MVA) won 30 of the Maharasthra’s 48 seats in the recently-concluded Lok Sabha Elections 2024. The ruling Mahayuti, a part of the NDA, bagged just 17 seats.

On the BSE, Sanofi India(down 35.09 per cent), Shelter Infra(down 10.00 per cent), Bothra Metals(down 9.93 per cent), Atharv Enterprises(down 9.27 per cent) and Suryo Foods Ind(down 9.15 per cent) were among the stocks that plunged over 5 per cent during the session.

Mondelez has partnered Belgian biscuit maker Lotus Bakeries to make, sell and market the latter's flagship brand Biscoff in India.

Vikhroli station caused major disruptions on the Main line of Mumbai's suburban train network on Thursday morning. The technical fault, which occurred around 7 am, led to significant delays and overcrowding at several stations during rush hours.

Salman Khan who has been allegedly receiving ongoing threats from the Lawrence Bishnoi gang, expressed his frustration and exhaustion while recording his statement before the crime branch. Khan stated that he feels continually targeted for a crime he claims to have already suffered from and for which he has paid the fines imposed by various courts.

Kerala mourn the loss of their loved ones in the Kuwait fire incident that claimed several lives, many of them are yet to receive any official confirmation from the authorities. Television channels showed pictures of 14 persons from Kerala from across the state who lost their lives in the fire.