Analysis Financial News

Power Grid Corporation of India with a target price of Rs 425. The current market price of Power Grid Corporation of India is Rs 345.4. Power Grid Corporation of India Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 319801.26 Crore) operating in Power sector.

Northern Arc Capital listed on the exchanges on Tuesday with a premium of 33.5%. The stock debuted at Rs 351 on BSE and Rs 350 on NSE against an issue price of Rs 263. The company, a leading non-banking financial company (NBFC) specializing in retail loans, received an impressive response for its IPO, with a subscription rate of 117.19 times.

Tata Power Company with a target price of Rs 530. The current market price of Tata Power Company Ltd. is Rs 461.05. Tata Power Company Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 148199.85 Crore) operating in Power sector.

JHS Svendgaard Laboratories Ltd.(up 4.99%), Nakoda Group Of Industries Ltd.(up 3.29%), Nestle India Ltd.(up 0.70%), Honasa Consumer Ltd.(up 0.60%), Adani Wilmar Ltd.(up 0.57%), Tata Consumer Products Ltd.(up 0.54%), Parag Milk Foods Ltd.(up 0.49%), LT Foods Ltd.(up 0.48%), Mrs. Bectors Food Specialities Ltd.(up 0.40%) and Sheetal Cool Products Ltd.(up 0.29%) were among the top gainers.

property sector. People's Bank of China Gov. Pan Gongsheng said the reserve requirement for banks would be cut by 0.5 percentage points and that the central bank would follow up with further cuts. That would free up more money for lending.

Bajaj Holdings and Investment among 2 other companies are likely to remain in focus today as these had fixed September 25 as the record date for determining the eligible shareholders. The board of Bajaj Holdings declared an interim dividend of Rs 65 per share earlier this month and fixed September 25 as the record date for the purpose.

Swastika Investmart had announced a 1:5 stock split earlier in July while announcing September 25 as the record date. This means that today is the last day to buy the shares of the company before the ex-date, to be able to qualify for the stock split.

Mayuresh Joshi, Head Equity, Marketsmith India, says with the wedding season expected to be in full-blown proportion along with the festivities in the next few weeks and months, apparel makers might be something to watch out for. There have been humongous moves in Trent, Aditya Birla Fashion and Raymond Lifestyle as well as Manyavar are expected to do well as well. Gold and jewellery stocks have done reasonably well. But from a discretionary spending perspective, these QSR players should come back strongly as well. Apparel makers, jewellery counters, and QSR, are good spaces for consumption spending. Is it time to relook at PSUs or is it too early for that? How should one look at the entire PSU pack at the moment? Mayuresh Joshi: When you are talking about the PSU pack, there are a whole host of sectors that get covered. So, within the sectors, obviously, how upstream companies will perform will depend on crude pricing primarily. Downstream companies, again, dependent a large portion in terms of how GRM margins will get spread out, what probably happens in terms of crude pricing as well and the transmission volumes thereof in lieu of expected demand.

BEIJING — People's Bank of China Gov. Pan Gongsheng is set to speak to reporters Tuesday alongside two other financial regulator heads.

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

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Shares of Bank of Baroda(up 3.83 per cent), Punjab National Bank(up 2.86 per cent), State Bank of India(up 2.58 per cent), IDFC First Bank Ltd.(up 1.64 per cent) and Kotak Mahindra Bank Ltd.(up 1.59 per cent) ended the day as top gainers in the pack.

Sensex and Nifty closed at new record highs on Monday, led by financial stocks helped by strong foreign fund inflows and a largely firm trend in Asian markets. Rallying for the third day running, the 30-share BSE Sensex jumped 384.30 points, or 0.45 per cent, to settle at an all-time high of 84,928.61. The NSE Nifty rose 148.10 points, or 0.57 per cent, to close at a record peak of 25,939.05.

cryptocurrency market has undergone a remarkable transformation. What started as a niche space dominated by individual enthusiasts has evolved into a global financial phenomenon, increasingly shaped by institutional involvement. Manav who leads the sales and trading team at Mudrex conducted a live session on ETMarkets Livestream platform to help investors navigate the complexities of the crypto market.

shares of Sodhani Academy of Fintech Enablers Limited debuted on the BSE SME platform at a premium of 32% on Monday. The stock listed at Rs 53 as against an issue price of Rs 40 and hit 5% upper circuit post listing, settling at Rs 55.65. The listing was previously scheduled on Friday but had to be postponed because of the Reserve Bank of India (RBI) circular which had swapped the banking holiday on September 16 to September 18. As a result, the T+1 event (allotment) was scheduled for Friday and listing on Monday.

Shares of Glenmark Pharmaceuticals Ltd.(up 4.63 per cent), Mankind Pharma Ltd.(up 4.52 per cent), J B Chemicals & Pharmaceuticals Ltd.(up 2.89 per cent), Gland Pharma Ltd.(up 2.55 per cent) and Laurus Labs Ltd.(up 1.58 per cent) ended the day as top gainers in the pack.

Bitcoin, Ethereum, BNB, Solana, and Avalanche. As of 12:27 pm IST, Bitcoin was trading 1.3% higher at $63,703, while Ethereum had risen 3% to $2,656. Other notable gains included BNB up 1.9%, Solana increasing 0.3%, Toncoin surging 1%, Cardano rising 1.3%, Avalanche up 2.2%, and NEAR Protocol gaining 9%.

Aadhar Housing Finance is large, affordable-focused and yet undervalued, domestic brokerage firm JM Financial initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 600. The target price given by the domestic brokerage firm signals an upside potential of 30% from Friday’s closing price of the stock.

Voltas Ltd. fell 1.77 per cent to Rs 1894.3 at 02:00PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 17,389 shares with a turnover of Rs 3.3 crore till 02:00PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 137.2, while the price-to-book value ratio stood at 6.27.

Over time, certain institutions have improved their ability to harness this “madness of men”.