Recommendations Financial News

Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price was declining.

NPS vs PPF vs EPF: Selecting the right investment vehicle is essential when planning for retirement. In India, three popular options with distinct advantages and features are the Public Provident Fund (PPF), National Pension System (NPS), and Employees' Provident Fund (EPF). However, there is no one-size-fits-all strategy. Choosing between the NPS, PPF, and EPF depends on the individual's financial goals and risk tolerance. Financial experts recommend starting retirement investments at a young age—the earlier, the better—to experience the power of compounding.

₹418 crore initial public offering (IPO) of DEE Development Engineers opened for subscription on Wednesday, June 19, and will remain open until Friday, June 21. The issue includes a fresh sale of 1.6 crore equity shares, valued at up to ₹325 crore, and an offer for sale of 0.46 crore shares, aggregating to ₹93.01 crore.The DEE Development Engineers IPO price band is set at ₹193 to ₹203 per share.

United Spirits, Radico Khaitan would be the key beneficiaries, according to Antique Stock Broking.The strong growth visibility should help companies to re-rate from current levels, the brokerage firm said in a report as it maintains a positive stance on United Spirits and Radico Khaitan.Also Read: Radico Khaitan, United Spirits and more: 5 liquor stocks surged 10%-88% in last one yearIt maintained a ‘Buy’ rating on United Spirits and raised the target price to ₹1,513 per share from ₹1,412 earlier, valuing at 60x PER. It also has a ‘Buy’ call on Radico Khaitan and has raised the target price to ₹1,996 per share from ₹1,849 previously, valuing it at 45x PER.United Spirits’ millionaire brands have grown 1% YoY in CY2023 driven by strong growth in mid and upper P&A segments.

Also Read: Dee Development Engineers IPO: GMP, review, subscription status, other details. Apply or not?The engineering company, Dee Development IPO price band has been fixed in the range of ₹193 to ₹203 per equity share of the face value of ₹10.

Ashish Kacholia portfolio: Balu Forge share price has been on an uptrend after bottoming out at around ₹280 apiece. This Ashish Kacholia portfolio stock has continuously risen after ushering in June 2024. Balu Forge share price today opened upside at ₹312.70 apiece on NSE and touched an intraday high of ₹328.20 per share.

Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL), Indian Oil Corporation Ltd (IOCL) share price have given 28-38% year to date returns to the investors . This is despite challenges on rising crude prices, volatility in gross refining margins, and concerns on marketing margins that erupted ahead of Lok Sabha Elections'2024.

The net proceeds from the fresh issue will be used towards funding working capital requirements, debt repayment, and other general corporate purposes.

Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — June 19All these stocks rallied up to 11% on Tuesday, hitting their respective 52-week highs. RCF share price jumped over 11%, while National Fertilisers shares rallied over 9% and Chambal Fertilisers shares surged more than 8%.Here are the technical stocks picks in the fertiliser sector:Chambal Fertilisers & Chemicals | Buy | TP: ₹765In the past, Chambal Fertilizer has doubled within 16-18 months of breaking above the 52-week highs.

Stock Market News: The domestic benchmark indices, the Sensex and the Nifty 50, rose to record highs at the start of Wednesday's session, tracking positive global equity markets. Furthermore, soft retail sales data in the United States confirmed predictions of an early rate cut by the Federal Reserve, which bolstered the sentiments.

₹38 crore from anchor investors on Tuesday, June 18. The anchor book featured Sigma Global Fund, Zeal Global Opportunities Fund, SB Opportunities Fund 1, and Vikasa India EIF Fund 1, as per company's exchange filing.

₹310- ₹341 per share. The sale, which is slated to open on Wednesday, is managed by Morgan Stanley, BofA Securities, Jefferies, and BNP Paribas.Sensex Today Live : Indian benchmark indices opened in the green on Wednesday, led by another record breaking session on the Wall Street on Tuesday that was driven primarily by a rally in AI-focussed chipmaker stocks and a colder US retail sales data that was fuelling anticipation of interest rate cuts by the US Federal Reserve in September this year.At opening bell, Sensex was up 117.22 points, or 0.15%, at 77,418.36 and Nifty was up 71.95 points, or 0.31%, at 23,629.85.Sensex Today Live : "Higher highs and higher lows are clear indicators of a strong bull rally.

Sensex gained 308.37 points to close at 77,301.14, while the Nifty 50 settled 92.30 points, or 0.39%, higher at 23,557.90.Nifty 50 formed a small negative candle at the highs on the daily chart with minor lower shadow.Also Read: Indian stock market: 8 key things that changed for market overnight - Gift Nifty, Nvidia share rally to US retail sales“Technically, this pattern indicates formation of a doji pattern at the new highs (not a classical one). Normally, such doji formations after a reasonable upmove or at the new swing highs signal caution for longs at the highs.

Dee Development Engineers IPO: The initial public offering of Dee Development Engineers Limited opened today. The public issue will remain open for bidders until 21st June 2024, which means the Dee Development Engineers IPO subscription will remain open from Wednesday to Friday this week.

Toyota shareholders have voted in support of all of the company's proposals at their annual meeting, including keeping Akio Toyoda, the grandson of the Japanese automaker’s founder, as chairman of the board

law committee under the goods and services tax (GST) council has recommended an amendment to GST act to raise tax notices where the low tax was paid due to interpretation of law or lack of clarity, ET has learnt. The recommendation, if approved by the council may give relief to a large number of industries including online gaming industry, which was seeking relief from retrospective tax notice. The recommendation may be placed before the GST council and once approved this would pace way for quashing a large number of notices sent to online gaming industry.

Such projects are currently required to give additional discount on tariff to get coal linkage at notified price of Coal India Ltd. The aim is to simplify the coal linkage policy, according to people aware of the development. Under the SHAKTI policy coal linkage is given in two ways — at notified price of coal or at a premium through auction.

Note to business owners, especially female ones: no matter how well you run your business, you are not going to live forever. So prepare in advance to pass it down, says Carol Schleif, chief investment officer at BMO Family Office.

MONTREAL — Nuvei Corp. shareholders have voted in favour of a plan that will see the company bought by an American private equity firm and taken private.

Also Read: Stocks to buy: 8 stocks that may rise 4-16% in the next 3-4 weeks, say analystsHere are the two technical stock picks:After peaking near ₹137 on May 22, 2024, Ratnaveer Precision Engineering shares experienced a significant downturn, declining approximately 30 points, or about 22%. However, in the following two trading sessions, Ratnaveer Precision shares showed some cool off.From a technical standpoint, the daily stochastics indicated a bullish divergence along with 1:1 leg, suggesting a potential shift in momentum and presenting an attractive buying opportunity, said brokerage firm Anand Rathi.Also Read: Stocks in focus: Ruchit Jain of 5paisa recommends buying these two stocksConsequently, it advises traders to consider buying Ratnaveer Precision shares within the ₹121-125 range, targeting an upside of ₹141, with a stop-loss set at ₹114 based on the daily closing price, and a timeframe of one month.Ratnaveer Precision stock is Anand Rathi’s pick for the month and the target price implies an upside potential of 14% from Friday’s closing price.KRBL shares have witnessed decent erosion from the peak of ₹480 to show signs of bottoming out around ₹270 levels and have formed a good base at these levels.

Bondada Engineering share price was locked in a 5% upper circuit on Tuesday after having received a large order from Bharti Airtel Ltd. The Bondada Engineering share price after having risen 1610% in last one year has given Multibagger returns to the investors.Bondada Engineering share price that opened at ₹2554.40 on the BSE on Tuesday, opened with gains of 4.8% over the previous day closing at ₹2436.80. The Bondada Engineering share price thereby scaled all time high of ₹2,558.60 on Tuesday, marking gains of 5%.Bondada Engineering had recently won order worth Rs.