Recommendations Financial News

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Multibagger IPO: Money is not in buying and selling of stocks but in wait. This age old investment theroy holds well on initial public offering (IPO) as well. When a person applies for an IPO, its objective can be classifide into two types — listing gain, long term gains along with listing premium.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decision.Milestone Alert!Livemint tops charts as the fastest growing news website in the world

Lloyds Bank has issued a warning over a significant surge in crypto scams, revealing a 23% rise from the previous year.

Pidilite Industries Ltd. fell 1.08 per cent to Rs 2430.5 in Friday's trade as of 01:39PM (IST) even as the benchmark Nifty ruled at 19404.8, up 9.5 points. The scrip had closed at Rs 2457.1 in the previous session.

Honasa Consumer, which runs Mamaearth and other brands, today fell up to 15% but recovered after global brokerage firm Jefferies issued a report initiating coverage on the beauty and personal care products company. After falling 15% to the day's low at Rs 256.10 in the morning session, Mamaearth shares rallied up to around 4% to Rs 313.50 at noon. «Honasa should report industry-leading growth at 27% over the next 3 years. We value at 6x Sep-25 EV/sales (at a discount to HPC peers; implies 67x FY26 PE) to arrive at a price target of Rs 520,» Jefferies said, while calling it a high conviction buy. Led by founder-couple Varun and Ghazal Alagh, Honasa has prioritised growth over profitability, which Jefferies said is the correct strategy.

The driving force behind a landmark report into the culture of EY says leaders should not be promoted further if they cannot manage and develop staff – even if they perform well financially for the firm.

Adani Ports and Special Economic Zone (APSEZ) reported a rise of 4.2% in its Q2FY24 net profit at ₹1,747.8 crore, compared to ₹1,677.5 crore in the corresponding period last year. The port major's revenue from operations in the quarter ended September 2023 stood at ₹6,646.6 crore, registering a growth of 27.6%, compared to ₹5,210.8 crore in the year-ago period.

Stock market today: ESAF Small Finance Bank share price today listed on Indian stock market at whopping 20 per cent premium. ESAF IPO listed on BSE at ₹71.90 per share levels whereas on NSE, ESAF shares listed at ₹71 apiece levels. According to stock market experts, fundamentals of the company is strong and ESAF IPO was offered at an attractive valuations.

rupee closed 1 paise lower at 83.28 against the American currency. “Rupee is expected to depreciate amid rise in dollar. The hawkish comments from the US Federal Reserve Chairman Jerome Powell has reinforced the possibility of another rate hike.

ESAF Small Finance Bank debuted at a premium of 19.8% on the BSE on Friday. The stock got listed at Rs 71.9 on BSE as against the issue price of Rs 60.

Pawan Parakh, Portfolio Manager, Renaissance Investment, says “focussed more on pharma companies with US exposure as of now. Across the board, the data is very loud and clear that there is some sort of shortage in the US. The pricing erosion is no longer there. In fact, some of the companies anecdotally have got clearances for their factories. The cycle, which was not in favour of these companies for the last so many quarters and years, seems to be turning in their favour. There is this whole debate about whether the small and midcaps are now getting frothy, whether the next lap of the move is going to come in from the largecaps. Do you now need to turn cautious when it comes to the broader end of the market? What's your take? I completely agree with that argument. In fact, when I was there last time on your channel, I did highlight that. I could see a lot of froth in low-quality midcap, smallcap stocks given the rally that has happened over the last four, five months. And if you take slightly longer periods, say about a year or so, at the index level, while companies have reported decent sets of numbers, at the index level, the Nifty Index has not delivered anything. So very clearly, there is some sort of froth getting built up into midcap, smallcap names. One has to be really cautious about it at this point in time.

Delta Corp and Gujarat Narmada Valley Fertilizers (GNFC), Chambal Fertilizers & Chemicals and the Multi Commodity Exchange of India (MCX) The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in index do not encounter a situation of security ban.

Muthoot Finance share price declined more than 7% in early trade on Friday after the company’s September quarter results missed analysts’ estimates. Muthoot Finance shares fell as much as 7.31% to ₹1,217.05 apiece on the BSE. The gold financing company Muthoot Finance reported a smaller-than-expected rise in its second-quarter net profit, hurt by high finance costs.

Day trading guide for stock market today: After showing upside recoveries in the last couple of sessions, Indian stock market continued with choppy movement on Thursday and closed lower on Thursday. Nifty 50 index lost 48 points and closed at 19,395 levels, BSE Sensex went down 143 points and closed at 64,832 mark whereas Bank Nifty index finished 24 points higher at 43,683 levels.

Force Motors, the Abhay Firodia group's flagship company, saw its shares hit the 5% upper circuit limit of ₹4,053.25 apiece during early trade deals on Friday. This impressive gain came after the investors responded positively to the company's Q2FY24 performance, which was released post-market hours on Thursday.

Mahindra & Mahindra (M&M) will today announce its financial results for the second quarter of FY24. The passenger vehicle (PV) and commercial vehicles (CV) manufacturer is expected to see decent revenue growth in Q2FY24 on the back of strong volumes, while margins may remain under pressure sequentially due to unfavorable mix. From a demand standpoint, the July-September quarter of FY24 was a mixed bag for the automobile industry led by year-on-year (YoY) expansion for PVs and CVs.

BSE. Honasa Consumer share price opened at ₹291.50 against the previous close of ₹302.15 and fell 15.24 per cent to its fresh all-time low of ₹256.10. Around 9:45 am, the stock was down 12.38 per cent at ₹264.75.

Vedant Fashion, Jefferies has a hold rating on Nazara Technologies, CLSA maintained a buy on Zee Entertainment and Jefferies maintained an underperform rating on Piramal Enterprises. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Vedant Fashion: Overweight| Target Rs 1418 Morgan Stanley maintained an overweight rating on Vedant Fashion at a target price of Rs 1418. The global investment bank believes that the share price will rise relative to the country index over the next 60 days. The global investment bank expects the company to deliver strong H2 top-line growth, aided by a higher number of wedding dates and festive season. The management has seen good traction in sales, footfalls, and conversions during the Navratri period. Analysis of credit card spend also indicates that festive spending is strong.