Security Financial News

Shares of Punjab National Bank(up 0.88 per cent), IndusInd Bank Ltd.(up 0.67 per cent), IDFC First Bank Ltd.(up 0.62 per cent), Au Small Finance Bank Ltd.(up 0.45 per cent) and Canara Bank(up 0.35 per cent) ended the day as top gainers in the pack.

Subscribe to enjoy similar stories. China started the year with a broadside against U.S. defense contractors, responding to recently ramped-up Taiwan arms sales by the Biden administration and laying down a fresh warning to President-elect Donald Trump of tools Beijing can use to protect national interests.

Subscribe to enjoy similar stories. SEOUL—South Korean investigators failed to arrest the country’s impeached President Yoon Suk Yeol, thwarted by his armed Secret Service bodyguards in another tense showdown resulting from his short-lived martial-law decree last month. Yoon, who is being investigated for insurrection among other charges, has refused three summonses to appear for questioning.

Elon Musk’s SpaceX, is facing growing regulatory challenges in India after its communication devices were found in the possession of insurgents and smugglers.

LTIMindtree Ltd. 0.29 per cent to Rs 5734.90 at 12:49PM (IST) in Friday's trade. The stock has hit a high of Rs 5789.55 and low of Rs 5700.50 so far during the session. The stock had closed at Rs 5752.00 in the previous session. The counter has had a total traded volume of 3703 shares so far with a value of Rs 2.12 crore on the NSE. It traded at a price-to-earnings multiple of 36.42 and a price-to-book ratio of 7.30.

Subscribe to enjoy similar stories. India’s capital markets watchdog has unearthed a sophisticated trading web linking a convicted stock market manipulator, a Singapore-based trader, and a US fund’s confidential orders. This alleged front-running scheme, involving Ketan Parekh and Rohit Salgaocar, has brought the regulator's unrelenting pursuit of financial malpractice into the spotlight.

China, Beijing on Thursday announced new export control measures targeting 28 US companies and placed 10 of them to a list, barring them from conducting business in the country, the Voice of America reported.

KPI Green Energy shares started trading on an ex-bonus basis on Friday for their 1:2 bonus share issue. The stock dropped 2.4% to its intraday low of Rs 558.60 on the BSE. “Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013 and Rules made thereunder, the Company has fixed Friday, January 03, 2025, as the ‘Record Date’ for determining the eligibility of Shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Shares of Rs. 5/- (Rupees Five only) each for every 2 (Two) existing Equity Share of Rs. 5/- (Rupees Five only) each,” the company said in an exchange filing.

Cummins India Ltd. 0.86 per cent to Rs 3226.40 at 11:12AM (IST) in Friday's trade. The counter has hit a high of Rs 3299.35 and low of Rs 3226.40 so far during the session. The stock had closed at Rs 3254.50 in the previous session. The counter has had a total traded volume of 1527 shares so far with a value of Rs 0.50 crore on the NSE. It traded at a price-to-earnings multiple of 46.02 and a price-to-book ratio of 12.61.

Adani Power Ltd. traded 0.6 per cent at Rs 524.85 at 10:36AM (IST) on Friday, even as BSE benchmark Sensex 623.55 points to 79320.16. The scrip had settled at Rs 521.70 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 896.75 and Rs 430.85, respectively.

Bank of Baroda 0.55 per cent to Rs 242.55 at 10:31AM (IST) in Friday's trade. The stock hit a high of Rs 245.10 and low of Rs 241.45 so far during the session. The stock had closed at Rs 241.20 in the previous session. The counter had a total traded volume of 10:31AM shares so far with a turnover of Rs 4.58 crore on BSE. The stock traded at a price-to-earnings multiple of 6.28 and a price-to-book ratio of 1.14.

Punjab National Bank 0.71 per cent to Rs 106.20 at 10:26AM (IST) in Friday's trade. The stock hit a high of Rs 107.20 and low of Rs 105.45 so far during the session. The stock had closed at Rs 105.45 in the previous session. The counter had a total traded volume of 10:26AM shares so far with a turnover of Rs 11.63 crore on BSE. The stock traded at a price-to-earnings multiple of 8.45 and a price-to-book ratio of 1.34.

Subscribe to enjoy similar stories. The popular impression for the four decades since his presidency is that Jimmy Carter, who died this week, is responsible for somehow “losing" Iran. His passivity, it has often been argued, helped build the militant Islamist state that has stalked the Middle East since Iran’s revolution in 1979.

Canara Bank traded 1.43 per cent in Friday's trade at 10:15AM (IST). Around 262,153 shares changed hands on the counter. The scrip opened at Rs 101.30 and touched an intraday high and low of Rs 103.10 and Rs 101.25, respectively, in the session so far. The stock of Canara Bank quoted a 52-week high of Rs 129.35 and a 52-week low of Rs 88.35.

Nifty50 Index has been trading within a narrow range in recent sessions, hovering around its 200-day EMA, currently positioned near the 23,700 mark. However, Thursday's session witnessed a surge in activity across Financials, IT, and Auto stocks, propelling the index to a robust gain of nearly 450 points, closing at 24,188.65. Volatility levels have declined, indicating a more stable market environment. The index has rebounded decisively from the 200-day EMA, reaffirming it as a critical mid-term support zone.

Axis Securities has a buy call on Hindustan Petroleum Corporation with a target price of Rs 544. The current market price of Hindustan Petroleum is Rs 410. Hindustan Petroleum Corporation, incorporated in year 1952, is a Large Cap company with a market cap of Rs 87432.23 crore, operating in the Gas & Petroleum sector. Hindustan Petroleum Corporation's key Products/Revenue Segments include Refinery, Rent and Other Operating Revenue for the year ending 31-Mar-2024.

Nifty future closed positively, gaining 1.56% to end at 24,270 levels on Thursday. On the options front, the maximum Call OI is placed at 25,000, followed by 24,500 strikes, while the maximum Put OI is placed at 24,000, followed by 23,800 strikes.

«What started off as a pure FMCG consumer staples kind of a segment until about two to three years ago, today caters to multiple categories. We have seen how quick commerce has disrupted the BPC category,» says Karan Taurani, Senior VP, Elara Securities. Tell us now with Blinkit's 10-minute ambulance service and now BB Now, as we know it, they are venturing into delivering prescription drugs. How do you assess the future of quick commerce in healthcare because the important bit is it could be game changing, it could be something that where they are spreading themselves too thin and this could be at an early stage of evolution. How do you see it? Karan Taurani: So, if you look at the quick commerce business segment, it does have a very big demand for verticals which are impulse nature in terms of consumer buying. So, medicine that way is more of a planned purchase category. Nonetheless, this is one more category which is very important because it is a very high frequency driver. Consumers would require medicines maybe on a weekly basis or a fortnightly basis.

Axis Securities has a buy call on Infosys with a target price of Rs 2335. The current market price of Infosys Ltd. is Rs 1907. Infosys, incorporated in 1981, is a Large Cap company with a market cap of Rs 785939.11 crore, operating in IT Software sector. Infosys' key products/revenue segments include Software Products and Software Development Charges for the year ending 31-Mar-2024.

Crypto bros are heading into 2025 with great expectations. For the $135 million they have donated to President-elect Donald Trump and dozens of successful congressional campaigns, they want unhindered access to the global banking system and an end to lawsuits against the industry by the Securities and Exchange Commission. A strategic US reserve dedicated to Bitcoin will be the icing on their cake. Don’t be surprised, however, if the actual outcome turns out to be less than a libertarian feast.

SME IPO of Fabtech Technologies will open for subscription today and will close on January 7. The company aims to raise Rs 28 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.