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Happy Forgings share price opened on BSE at ₹1,001.25 apiece levels whereas it listed on NSE at ₹1,000 per share levels. However, the newly listed stock witnessed profit booking trigger immediately after share listing and touched intraday low of ₹961 per share on NSE.

₹887.95 apiece on the BSE. Emkay Global Financial Services has initiated coverage on Tejas Networks with a ‘Buy’ recommendation and DCF-based target price of ₹1,050 per share, implying 14.3x P/E (Dec-24E).

Livemint, Kulkarni said he expects 2024 to turn out to be a little more challenging than 2023. However, he believes the public sector companies (PSU stocks) will continue to benefit while the IT sector is likely to see challenges in 2024 as it will experience the most slowdown. Edited excerpts: A.

BSE and NSE after flat listing. The mainboard issue listed on NSE at ₹282.35 apiece levels and went on to touch intraday low of ₹261.60 per share within few minutes of share listing. However, stock price of the parent company of Mufti brand witnessed buying interest at lower levels and gave sharp upside move and touched intraday high of ₹321.90 apiece levels.

₹17,000 crores. The year 2023 proved to be an intriguing one for the Indian equity market, characterised by notable volatility in the first half led by the Hawkish central bank, rising bond yields, and other macroeconomic challenges.

Happy Forgings, which makes complex machinery components, debuted on stock exchanges on Wednesday at a lower-than-expected listing gain of 18% at Rs 1,000 apiece compared to its IPO issue price of Rs 850. Following the listing, the stock was trading just about 1% higher at Rs 1,010 on the BSE in the morning session when some buying action was seen on the counter. “Happy Forgings presents a mixed bag for investors. The lower-than-expected listing raises concerns, but the decent gain and strong fundamentals offer a counterpoint.

Sanjiv Bhasin, Director, IIFL Securities, says: “I cannot advocate buying into defence companies at the current prices. So do not chase them, there is less room for comfort on the valuations. I can see a plethora of other stocks, the intermediaries or insurance plays. I would go with a Max Finance or an HDFC Life, they have corrected recently. And like I said intermediaries, that is insurance, broking, AMC, custodian and exchanges, these are going to be there for the next 20 years or more.” Three listings are going to happen today. Are any of those companies on your radar or is there anything from primary markets which is on your radar? Sanjiv Bhasin: I recommended Electro Force last week when the issue opened. It has a profitability of Rs 15 crore on a turnover of Rs 80 crore and it will do Rs 150 crore in this year with a profitability of Rs 35 crore. It is a B2B business and its clientele include Siemens, Schneider. It deals with prototyping, precision metal stamping, tool designing, the entire works of insert moulding and anything to do with that.

Senior judges in the United Kingdom have published extensive advice on the proper use of artificial intelligence (AI) for judges and magistrates in England and Wales. This is a major step for the legal system in the United Kingdom. When it comes to integrating artificial intelligence technology inside the legal framework while simultaneously addressing possible hazards and ethical issues, this endeavor represents a pioneering effort.

₹355.00 apiece on the BSE. In a regulatory filing, Kansai Nerolac Paints said that its board of directors has approved a proposal for monetization of idle land parcels of the company not being put for productive use.

Azad Engineering IPO: Allotment status of the initial public offering (IPO) of Azad Engineering Limited has been declared and allottees are eagerly waiting for declaration of Azad Engineering IPO listing date, which is most likely on 28th December 2023. As per the market experts, the public issue received strong response by investors and hence allottees may expect strong listing gain on their investment. In fact, grey market is also signaling strong debut of Azad Engineering shares on Dalal Street.

China's new rules to reduce spending on video games create panic among investors, wipes off $80 billion Draft rules that curb spending and use rewards that encourage playing video games were published on December 22, raising concerns that regulators were once again cracking down heavily on the sector. Contradicting its previous stance, China's video game regulator - the National Press and Publication Administration, came up with a more conciliatory tone, saying it would improve the rules by "earnestly studying" public views.

Voltas, part of the household appliance industry, rallied more than 10% in a week to hit a fresh 52-week high last week and chart patterns suggest that the rally may not be over yet. Short-term traders can look to buy the stock now for a possible target above 1,000 levels in the short to medium term, suggest experts. The consumer durable stock rose from Rs 859 as of December 15, 2023 to Rs 947 recorded on 22nd December 2023 which translates into an upside of over 10% in a week. The stock hit a 52-week high of Rs 957 on December 20, 2023. The stock rose more than 11% in a month.

Info Edge (India) Ltd. gained 1.25 per cent to Rs 5144.0 in Wednesday's session as of 10:10AM (IST) even as the equity benchmark Sensex traded 394.52 points higher at 71731.32. Earlier in the day, the stock witnessed a gap up start to the session.

Bank of Baroda traded 3.17 per cent up at Rs 232.3 at 10:15AM (IST) on Wednesday, even as BSE benchmark Sensex gained 394.14 points to 71730.94. The stock had closed at Rs 225.15 in the previous session. The stock quoted a 52-week high price of Rs 232.4 and 52-week low of Rs 146.5, respectively.

ANI. They added two persons roaming near the Israel embassy on Tuesday evening have emerged as suspects in the alleged blast incident. “We are trying to ascertain their identity and what were they doing in the area at the time of the call.

In the longer term, investing in selective quality mid and smallcaps names, which fall in the emerging sectors or segments of the economy, are always the best way to generate alpha, believes Madanagopal Ramu, fund manager and head — equity atSundaram Alternate Assets, who oversees more than Rs 7500 crore worth of assets. Ramu is of the view that the market is overestimating the earnings growth momentum for companies in the mid- and smallcap segment, which reflects in the rally seen this year. “In many of these companies which are part of the mid and smallcap indices, earnings momentum are cyclical and not structural, so it runs out of steam pretty quickly. Therefore, being selective is key to sustain long term performance,” Ramu said in an interview with ETMarkets. Edited excerpts: How has the year 2023 been for the funds managed by you? Madanagopal Ramu: It has been a mixed year, we saw a recovery and our funds performed in line with the market for most of the year, but alpha creation was challenging.

coronavirus symptoms and be careful. They advised anyone with cold, fever or cough symptoms to get tested. Dr.

Credo Brands IPO: Listing date for the initial putlic offering (IPO) of brand Mufti's parent company Credo Brands Limited has been fixed on 27th December 2023 i.e. today. As per the information available on BSE website, Credo Brands share will list on BSE and NES in special per open session during Wednesday deals.

RBZ Jewellers IPO: Listing date for the initial putlic offering (IPO) of RBZ Jewellers Limited has been fixed on 27th December 2023 i.e. today. As per the information available on BSE website, RBZ Jewellers share will list on BSE and NES in special per open session during Wednesday deals.

Buy or sell stocks for today: Carrying buying interest of the weekend sessions, Indian stock market ended higher for third straight session on Tuesday. Nifty 50 index ended 91 points higher at 21,441 levels, BSE Sensex gained 229 points and closed at 71,336 mark whereas Bank Nifty finished 233 points higher at 47,724 levels. However, broad market indices outperformed key benchmark indices.

F&O ban list: A total of five stocks have been put under the ban for trade on Wednesday, December 27, 2023, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.