Experts Financial News

Honasa Consumer (Mamaearth) hit 10% upper circuit at Rs 251.5 in Thursday's trade backed by heavy volumes on the NSE. A total of 17.6 lakh equity shares worth Rs 43.94 crore changed hands so far. This rally came after the stock had been under significant pressure. Honasa's share price had fallen nearly 40% over the past month and more than 50% in the last three months. It also dropped below its IPO price of Rs 324 earlier this month.

Online gaming company Nazara Technologies has raised Rs 855 crore (around $100 million) through a preferential issue of over 89 lakh fully paid equity shares to a group of investors. The funding was led by SBI Mutual Fund, which invested Rs 220 crore, with participation from notable investors such as Junomoneta Finsol (an associate of Plutus Wealth), Think Investments, Discovery Investments, CaratLane founder Mithun Sacheti, Jaipur Gems CEO Siddhartha Sacheti, Cohesion Investments, Chartered Finance and Leasing, Ratnabali Investments, and Aamara Capital. The fundraising, approved by Nazara’s board in September, increased the company’s paid-up equity share capital from Rs 30.6 crore to Rs 34.2 crore.

In a bid to create more awareness around single malts, Piccadily Agro, the maker of Indri single malt whisky and Camikara rum, also plans to launch a state-of-the-art visitor centre at Indri, Haryana, as part of their ambitious growth strategy. This will be aimed at whisky tourists and connoisseurs eager to explore the nuances of whisky making. Siddhartha Sharma, Promoter, Piccadily Agro Industries, says the Indian alco-bev industry has emerged as one of the world's most dynamic markets, driven by rising disposable incomes, evolving consumer preferences and a growing appreciation for premium spirits. “We are witnessing a remarkable shift as Indian consumers increasingly gravitate towards premium craft spirits, particularly in categories like single malts and aged rum. This evolution has created an unprecedented opportunity for Indian producers to not just serve the domestic market but to take their place among global industry leaders,” he states.

MOIL Ltd.(up 2.81%), Oriental Trimex Ltd.(up 1.95%), Sandur Manganese & Iron Ores Ltd.(up 1.74%), Pokarna Ltd.(up 1.65%), Ashapura Minechem Ltd.(up 1.12%), KIOCL Ltd.(up 1.05%), The Orissa Minerals Development Company Ltd.(up 0.87%), NMDC Ltd.(up 0.51%), Madhav Marbles & Granites Ltd.(up 0.38%) and Gujarat Mineral Development Corporation Ltd.(up 0.35%) were among the top gainers.

Shubman Gill, who suffered an injury to his thumb while fielding in the slips during match simulation in the build-up to the first Test of the Border-Gavaskar Trophy in Perth, is doubtful for the second Test too, reported TOI. Gill is also likely to miss the two-day practice pink-ball math at Canberra starting from Sunday. The second Test will begin in Adelaide from December 6.

HDFC Securities on Thursday dismissed rumors circulating on social media suggesting that it is closing its franchisee business due to compliance issues. The brokerage firm clarified that its decision to pause new franchise partnerships, made earlier this year, was a strategic move to streamline operations and enhance service quality. In an official statement, HDFC Securities stated, “We are aware of inaccurate messages circulating on WhatsApp and social media suggesting we are closing our franchisee business due to compliance issues. We want to clarify that our decision to pause partnerships was a strategic move rather than being related to compliance concerns.”

Brigade Enterprises Ltd.(up 2.4 per cent), Prestige Estates Projects Ltd.(up 2.06 per cent), Phoenix Mills Ltd.(up 1.96 per cent), Macrotech Developers Ltd.(up 1.48 per cent) and Godrej Properties Ltd.(up 0.79 per cent) were among the top gainers.

Is crypto just a fleeting trend or a revolution shaping the future of global finance? To understand this, one has to delve into the nuances essential for unlocking its true potential. That’s where Crypto ki Paathshala steps in—a game-changing initiative by Mudrex, in collaboration with The Economic Times, designed to make cryptocurrency accessible, actionable, and empowering. On 14th December, the smart city of Ahmedabad will host this exclusive seminar and workshop, tailored for everyone from curious beginners to seasoned traders. Whether you’ve only heard the buzz about Bitcoin or are keen to diversify your investment portfolio, this is your opportunity as Crypto ki Paathshala is set to demystify crypto and take charge of your financial journey.

Bandhan Bank Ltd. traded 0.46 per cent at Rs 172.10 at 10:55AM (IST) on Thursday, even as BSE benchmark Sensex 655.83 points to 79578.25. The scrip had settled at Rs 171.30 in the previous session. The stock quoted a 52-week high price of Rs 263.15 and 52-week low of Rs 163.00, respectively. As per BSE data, total traded volume on the counter till 10:55AM (IST) stood at 134837 shares with a turnover of Rs 2.33 crore.

TIPS Music, Saregama India, and Zomato are capitalizing on this surge, with high-profile events featuring artists like Coldplay and Diljit Dosanjh fuelling this boom, as ticket prices for these events skyrocket up to Rs 1 lakh. The live music and concert market in India has transitioned from a niche sector to a mainstream phenomenon, thanks to a growing appetite for both international and homegrown talent, increasing disposable incomes, a growing Gen Z audience, and collaborations between event organizers and digital platforms.

Enforcement Directorate team undertaking searches in a cyber fraud linked money laundering case was allegedly attacked here on Thursday, officials said. The agency has registered a police FIR about the incident that took place at a farmhouse that was raided by ED officials in the Bijwasan area of the national capital that falls under the Kapashera police station in southwest Delhi. An Enforcement Officer (EO) suffered minor injuries during the attack. He is continuing with the searches after he was given first aid, officials said. The probe pertains to a case against the PYYPL app.

On the BSE, Novateor Research(down 17.67 per cent), Looks Health Services(down 14.97 per cent), AccelerateBS India(down 12.23 per cent), Superior Finlease(down 10.11 per cent) and 3P Land Holdings(down 9.36 per cent) were among the stocks that plunged over 5 per cent during the session.

Domestic benchmark index NSE Nifty fell 196.81 points to 24078.1, while the BSE Sensex traded 689.69 points down at 79544.39.

Piyush Goyal said at a press conference on November 28. India is emerging as a quality-conscious nation now, Goyal said. India's rising impact in the emerging sectors is a result of the establishment of an inter-connected ecosystem, the minister added. The speed at which the 5G network is expanding, it will be there across the nation soon, Goyal remarked.

Nandan Nilekani, a fresh graduate from IIT Bombay, was uncertain about his career path. Having missed his graduate school entrance exam due to illness, he sought new opportunities in the rapidly growing computing sector. His search led him to Patni Computer Systems in Pune, where he had a life-changing encounter with Narayana Murthy. This meeting not only kickstarted Nilekani’s career but also laid the foundation for his pivotal role in India’s IT revolution.

Subscribe to enjoy similar stories. Results of the assembly elections in Maharashtra and Jharkhand brought the incumbents back to power. Election outcomes are difficult to analyse, given the complexity of India’s electoral system, dynamics of rival parties and the role played by caste, class, religion and local factors.

Adani Energy Solutions Ltd.(up 10.00%), Adani Green Energy Ltd.(up 10.00%), Adani Power Ltd.(up 9.55%), Inox Wind Ltd.(up 5.28%), Reliance Power Ltd.(up 4.99%), Ravindra Energy Ltd.(up 4.69%), Jaiprakash Power Ventures Ltd.(up 4.15%), Jyoti Structures Ltd.(up 4.09%), KPI Green Energy Ltd.(up 3.89%) and Gujarat Industries Power Company Ltd.(up 3.04%) were among the top gainers.

Siemens Ltd. traded at Rs 7537.55 on BSE at 10:25AM (IST) on Thursday, 1.45 per cent from previous close. The stock quoted a 52-week low price of Rs 3577.95 and a high of Rs 8129.95.

consumer durables retail sector, valued at Rs 1.8 trillion, faces six key risks that could disrupt growth, according to Nuvama Institutional Equities. Despite the challenges, two small-cap players—Electronics Mart India and Aditya Vision Ltd—stand out for their strategic approaches and strong regional dominance, making them compelling investment opportunities. The Indian consumer electronics sector is poised for growth, projected to reach Rs 3 trillion by FY29, but the path is fraught with challenges. Nuvama’s research highlighted six major risks: a demand slowdown, rising competition, the growing clout of online retail, disruption in financing availability, inadequate OEM after-sales support, and supply chain interruptions.

Benchmark NSE Nifty index fell 57.5 points to 24217.4 amid selling in frontline bluechip stocks.

Aircastle has withdrawn its insolvency case against low cost airline Spicejet before the National Company Law Tribunal (NCLT), the airline said in a press release. This comes after the two parties mutually agreed upon settlement. This is a positive turn in the airline's efforts to rebuild and strengthen ties with its partners.