Trade Financial News

10.01 / 10:17

Booking security Analysis Research Trade Experts Indus Vodafone exits Indus Towers, sells shares worth Rs 2,800 cr; clears Rs 890 cr dues

Vodafone has sold its entire stake in Indus Towers for Rs 2,800 crore, the telecom infrastructure firm said on Friday. Vodafone has sold 7.92 crore or 3 per cent stake in Indus Towers and used Rs 890 crore from the proceeds to clear lenders dues, the company said in a regulatory filing. "Vodafone Group Plc announces that it has successfully completed the placing of its remaining 79.2 million shares in Indus Towers Limited («Indus») representing 3.0 per cent of Indus' outstanding share capital through an accelerated book build offering on 5 December 2024," the filing said.

10.01 / 10:17

Target Analysis Trade Experts track reports GMM Pfaudler shares may rally 89%, believes Ambit, initiates coverage with Rs 2,400 target

GMM Pfaudler, domestic brokerage firm Ambit has initiated coverage on the stock with a «Buy» rating and a 24-month target price of Rs 2,400, suggesting a substantial 89% upside for the stock. “GMM trades at 30x FY26E P/E (12x EV/EBITDA), a 25-35% discount to its peers given earlier growth/margin issues due to deceleration in end-user capex. Valuations should re-rate with end-user capex uptick driving earnings rebound. We bake in 9%/12%/14% rev/EBITDA/FCF CAGR and expect GMM to scale 5x over FY24-41E (7x, FY19-24),” said Ambit in its report.

10.01 / 09:33

markets Citi Digital Strategy Trade Experts PAM Indian Gas Exchange seeks regulatory nod to launch 3-6 month contract

Indian Gas Exchange (IGX) is looking for regulatory approval to launch a 3-6 month gas contract, its chief executive, Rajesh K Mediratta, said on Friday. «We are awaiting a clearance from PNGRB (Petroleum and Natural Gas Regulatory Board),» Mediratta told reporters at a press conference. IGX, a unit of Indian Energy Exchange, currently has intraday, dayahead, daily, and fortnightly contracts.

10.01 / 08:35

markets security Analysis Research Trade Experts reports Ashok Leyland shares 2.11% as Nifty drops

Ashok Leyland Ltd. traded 2.11 per cent in Friday's trade at 01:38PM (IST). Around 300,728 shares changed hands on the counter. The scrip opened at Rs 214.15 and touched an intraday high and low of Rs 214.45 and Rs 207.60, respectively, in the session so far. Shares of the company of Ashok Leyland Ltd. quoted a 52-week high of Rs 264.70 and a 52-week low of Rs 157.65.

10.01 / 08:35

Booking security Analysis Research Trade Experts reports Tata Power shares 1.93 per cent in Friday's trading session

Tata Power Company Ltd. 1.93 per cent to Rs 360.00 in Friday's trade as of 01:33PM (IST) even as the benchmark Nifty ruled at 23507.2, 19.3 points. The scrip had closed at Rs 367.10 in the previous session. The stock quoted a 52-week low of Rs 335.30 and a high of Rs 494.85. The company quoted a market-cap of Rs 115160.04 crore on the BSE.

10.01 / 08:35

markets UPS Analysis Enterprise Trade Experts rights Fundraising from capital markets to jump 21% to over Rs 14 lakh crore in FY25: Madhabi Puri Buch

markets, including through equity and debt instruments, is estimated to jump by nearly 21 per cent to Rs 14.27 lakh crore in FY25 from the Rs 11.8 lakh crore in FY24, Sebi chief Madhabi Puri Buch said on Friday. Buch said in the past nine months of the current fiscal, entities have mobilised Rs 3.3 lakh crore in equity and Rs 7.3 lakh crore from the debt markets, with the overall mop-up reaching Rs 10.7 lakh crore. «If we project for the next quarter (Q4), we will probably end somewhere like over Rs 14 lakh crore raised for the year in terms of capital, both equity and debt,» Buch said addressing a NISM-organised conference here.

10.01 / 08:35

markets security Analysis Research Trade Experts show Share price of Chola Inv Finance as Sensex drops 23.09 points

Cholamandalam Investment & Finance Company Ltd. 2.27 per cent to Rs 1258.05 at 01:43PM (IST) in Friday's trade. The scrip has hit a high of Rs 1290.00 and low of Rs 1239.60 so far during the session. The stock had closed at Rs 1287.35 in the previous session. The counter has had a total traded volume of 28444 shares so far with a value of Rs 3.55 crore on the NSE. It traded at a price-to-earnings multiple of 27.44 and a price-to-book ratio of 4.96.

10.01 / 08:35

markets security Analysis Research trends Trade Experts Share price of DLF as Nifty

DLF Ltd. 2.41 per cent to Rs 761.15 in Friday's trade as of 01:48PM (IST). The stock hit a high price of Rs 783.45 and low of Rs 752.30 during the session. The return on equity (ROE) for the stock stood at 6.91 per cent. Traded volume on the counter stood at 01:48PM shares and turnover at Rs 2.66 crore around that time. The stock of DLF Ltd. quoted a 52-week high price of Rs 967.00 and 52-week low prices of Rs 689.90, respectively.

10.01 / 08:35

markets Digital Strategy community Trade Experts Features Regret not buying Bitcoin early? These new altcoins could redeem you

To attract and retain attention, cryptocurrencies need to bring something new and useful to the table. Here are three new altcoins that fit the criteria: 1. Wall Street Pepe: ‘Little guys’ unite against the whales

10.01 / 07:21

markets Booking Manufacturing Sustainability Trade reports Commentary TCS's outlook lends comfort, but a risk clouds FY26 revenue prospects

Subscribe to enjoy similar stories. Tata Consultancy Services Ltd (TCS) delivered what the Street had been eagerly awaiting—an optimistic demand outlook. The management of the IT services major highlighted early signs of recovery in discretionary demand across key sectors such as banking, financial services and insurance (BFSI), and consumer, during its December quarter (Q3FY25) earnings call.

10.01 / 05:59

markets Sustainability trends Trade blues testing recommendations Stocks to buy: Two stock recommendations from MarketSmith India for 10 January

Subscribe to enjoy similar stories. On Thursday, Nifty50, India's benchmark index, closed lower in a weekly F&O expiry trading session. Taking cues from the global market, the index started on a muted note and continued to drift lower towards 23,500 to close near the day’s low at 23,526.

10.01 / 05:37

Provident Election Opinion wellness Trade Bitcoin Watch These Bitcoin Price Levels as Cryptocurrency Retreats From Recent Highs

Bitcoin (BTCUSD) surged above $100,000 early this week but has tumbled in recent days as investors reassess this year's interest rate outlook.

10.01 / 04:15

markets UPS Analysis trends Trade Experts performer IRB Infrastructure shares in focus as December toll collection surges 19%

IRB Infrastructure Developers' shares will remain in focus on Friday, January 10, following the company's announcement of a 19% year-on-year (YoY) increase in toll collections for December 2024. The total toll collection for the month reached Rs 580 crore, up from Rs 488 crore in December 2023. Amitabh Murarka, Deputy CEO, stated, «We have seen impressive growth in the current month across our portfolio. Looking ahead, we expect this upward trend in toll collection to continue, driven by India's robust GDP growth, which should boost vehicular traffic across our 12-state network.»

10.01 / 04:15

markets Analysis Research Trade Experts information Shriram Finance shares in focus as stock trades ex-split from today

Shriram Finance are likely to remain in focus as the stock begins trading on an ex-split basis on Friday. The company has set January 10 as the record date to determine shareholder eligibility for its 1:5 stock split. Shares of Shriram Finance will start trading on an ex-split basis on Friday, as the company had set January 10 as the record date for determining the shareholder eligibility for their 1:5 stock split.

10.01 / 04:15

markets UPS Target security Analysis Trade Equality Equal Weight on Cholamandalam Finance, target price Rs 1,675: Axis Securities

Axis Securities has an equal weight call on Cholamandalam Investment & Finance Company with a target price of Rs 1,675. The current market price of Cholamandalam Investment & Finance is Rs 1,271.25. Finance, incorporated in 1978, is a Large Cap company with a market cap of Rs 106977.60 crore, operating in the NBFC sector.

10.01 / 04:15

markets Target security Analysis Software Trade reports Neutral on MphasiS, target price Rs 2,900: BNP Paribas Securities

BNP Paribas Securities has a neutral call on MphasiS with a target price of Rs 2,900. The current market price of MphasiS is Rs 2927.05. MphasiS, incorporated in 1992, is a Mid Cap company with a market cap of Rs 54917.92 crore, operating in the IT Software sector. MphasiS' key Products/Revenue Segments include Computer Software for the year ending 31-Mar-2024.

10.01 / 04:15

markets Analysis Research Trade Experts recommendations International Breakout Stocks: How to trade Vijaya Diagnostic & Navin Fluorine on Friday?

Indian market closed lower on Thursday tracking muted global cues. The BSE Sensex fell more than 500 points while the Nifty50 managed to hold above 23,500 levels. Sectorally, buying was seen in FMCG while selling was visible in power, energy, oil & gas and realty stocks.

10.01 / 03:53

markets trends Trade performer recommendations Updates Profiles Nifty 50 Today Live Updates: Nifty 50 Price Live blog for 10 Jan 2025

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Nifty 50 Today Live Updates: At current prices Nifty 50, faces the below Resistance and Support levels As of the last day, the Nifty 50 closed at 23688.95. This marks a significant point in the index's performance, reflecting market sentiment and economic conditions.

10.01 / 01:23

markets Action security Analysis trends Trade Experts Pre-market action: Here's the trade setup for today's session

Here's breaking down the pre-market actions:

10.01 / 01:23

UPS security Analysis Research Trade Experts reports Stocks in focus: Just Dial, TCS, IREDA, Adani Wilmar, Adani Total Gas

Just Dial, TCS, IREDA, Adani Wilmar, Adani Total Gas among others will be in focus due to various news developments and third quarter results. Just Dial, PCBL, CESC Shares of Just Dial, PCBL and CESC will be in focus as the companies will announce their third quarter results today.

10.01 / 01:23

markets security Analysis Trade President Experts show Asian stocks slip with US jobs data in focus

Federal Reserve interest rates. Shares in Australia and Japan fell, while those in South Korea were little changed. Contracts for the S&P 500 dropped for a second day after US trading was closed on Thursday to observe a national day of mourning for former President Jimmy Carter.

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