UPS Financial News

Harsha Upadhyaya, CIO-Equity, Kotak AMC, says it is definitely difficult to find value buys in this market, but there are several sectors which are likely to grow at a decent teens kind of earnings trajectory. Those are the names which will have potential to outperform the market. Maybe the volatility will increase, but still there is enough growth on the table. Upadhayaya further says: “It is not that mid and smallcaps will not give returns or correct a lot at this point of time, it is just that from a risk-reward perspective, it makes sense to have a little bit of tilt towards largecaps and that is what we have been suggesting to most of our investors.”

ICICI Lombard General Insurance Company Ltd. fell 3.6 per cent to Rs 1651.05 in Friday's session as of 01:28PM (IST) even as the equity benchmark Sensex traded 1058.48 points higher at 73558.78. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 1739.95 and a 52-week low of Rs 1049.1 on NSE. Around 18062 shares changed hands on the counter till 01:28PM (IST).

National Stock Exchange (NSE) for its proposed fundraising through an initial public offering (IPO). The issue, which will open on March 5 and close on March 7, 2024, will see a fresh issue of up to 3,624,000 equity shares with a face value of ₹10 per share. The equity shares issued as aforementioned will be listed on NSE Emerge, the SME platform of the NSE, with a floor price of ₹136 and a cap price of ₹143.

Looking to retire early? LIC's Jeevan Dhara policy could be a valuable tool, especially for young couples. This policy offers a range of benefits that align with the goals of those seeking early retirement. With its financial security, flexible options, tax benefits, and focus on early retirement planning, this policy can serve as a valuable asset in achieving the goal of financial independence and early retirement.

NSC vs ELSS: Numerous products qualify for tax benefits under Section 80C, including insurance, tax-saving fixed deposits, NSC, and ELSS. The suitability of an investment product depends on factors like risk tolerance, time horizon, and future fund needs. Equity Linked Saving Scheme (ELSS) mutual funds offer tax deductions up to ₹1,50,000 annually under Section 80C of the Income Tax Act, 1961.

legal feud involving five brothers from India who’ve amassed a fortune in diamonds and Los Angeles real estate burst into public view this week with a multibillion-dollar US verdict that may be among the largest of the decade. After a five-month trial, a jury ordered Haresh Jogani to pay his brothers Shashikant, Rajesh, Chetan and Shailesh Jogani more than $2.5 billion in damages and to divide up shares of their Southern California property empire —about 17,000 apartments worth billions more.

Au Small Finance Bank Ltd. traded at Rs 576.05 on BSE at 12:48PM (IST) on Friday, up 1.04 per cent from previous close. The stock quoted a 52-week low price of Rs 548.15 and a high of Rs 813.0.

Marico Ltd. traded 0.5 per cent up at Rs 525.2 at around 12:42PM (IST) on Friday. The stock had closed at Rs 522.55 in the previous session. Equity benchmark Sensex traded 1076.36 points higher at 73576.66 around the same time.

Indian Hotels Company Ltd. gained 0.72 per cent to Rs 591.5 at 12:32PM (IST) in Friday's trade. The scrip has hit a high of Rs 594.95 and low of Rs 585.15 so far during the session. The stock had closed at Rs 587.25 in the previous session. The counter has had a total traded volume of 3703954 shares so far with a value of Rs 217.62 crore on the NSE. It traded at a price-to-earnings multiple of 71.93 and a price-to-book ratio of 5.77.

MintGenie, he also shares the sectors that are likely to do well in the near future. He also highlighted that greater participation of retail investors in mutual funds is a positive trend, although there is still a long way to go with mutual fund penetration hovering around five percent only. The sectors that are likely to do well include hospitals, branded pharma, and power sector.

Pidilite Industries Ltd. traded 0.71 per cent higher in Friday's session at 12:27PM (IST). The stock opened at Rs 2750.0 and has touched an intraday high and low of Rs 2767.85 and Rs 2740.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 2804.0 and a 52-week low of 2275.0. About 10,841 shares changed hands on the counter so far.

On Thursday the Supreme Court criticised the union government's apparent failure to specify a range of prices that private hospitals and clinical establishments can charge for their services. Although a rule on this issue was framed 12 years ago, the court noted that it had not been enforced. It also directed the union health secretary to meet with his state counterparts within a month, with the next court hearing expected in another six weeks.

Shriram Finance Ltd. traded at Rs 2454.1 on BSE at 12:22PM (IST) on Friday, up 0.72 per cent from previous close. The scrip quoted a 52-week low price of Rs 1194.0 and a high of Rs 2535.0.

Uddhav Thackeray faction on March 7. As reported by PTI, this petition challenges the decision of Maharashtra Assembly Speaker Rahul Narwekar, who declared Chief Minister Eknath Shinde's Shiv Sena bloc as the "true political party" following the party's division in June 2022. Moreover, the Thackeray faction's plea was set to be heard on March 1 before a bench led by Chief Justice D Y Chandrachud.

Atishi is also likely to present the budget for the 2024-25 financial year next week on March 4, according to sources. This will be Atishi’s first budget as Delhi’s Finance Minister after she was inducted into Chief Minister Arvind Kejriwal’s cabinet in March last year. The budget session of the Delhi assembly began on February 15 and was expected to run until February 21.

India Q3 GDP data: Indian economy grows by 8.4% in Dec quarter driven by construction, manufacturing sector Asia's third-largest and the world's fastest-growing major economy expanded 8.4% in the October-December quarter, partly helped by a surge in manufacturing, according to data released by the government on Thursday. That growth rate was much stronger than the 6.6% expansion predicted in a Reuters survey, where the highest forecast was 7.4%. The manufacturing sector, which accounts for 17% of India's economy, expanded 11.6% year-on-year last quarter.

₹30 lakh crore, which accounts for 7.7% of the total value of all listed companies in India. The billionaire Mukesh Ambani-led oil-to-telecom conglomerate Reliance Industries topped the chart of biggest holdings of retail investors. They held ₹1.58 lakh crore worth Reliance shares.

1] GDP of India: “In another pleasant surprise, India's real GDP grew 8.4% YoY in 3QFY24, compared to the market (and our) forecast of 6.5-7%. Further, the last two quarters' growth was also revised up to 8.1% (from 7.7% earlier). FY22 growth was revised up to 9.7% (from 9.1%) and FY23 was revised down to 7% (from 7.2%).

Stock market today: After the announcement of India's stellar gross domestic product (GDP) for the third quarter of the current fiscal year, auto stocks in India are witnessing strong demand since early morning deals on Friday. Tata Motors shares are up over 2 per cent, Mahindra & Mahindra (M&M) share price is up by around one per cent, Bajaj Auto share price gained to the tune of 2 per cent, Hero MotoCorp shares gained around 1.50 per cent, whereas Maruti Suzuki and Ashok Leyland shares gained nearly one per cent in early morning deals on Friday. According to stock market experts, auto stocks are in an uptrend today as the real GDP of India for Q3FY24 has come to 8.4 percent, which is much better than expected.

stock market The misconception surrounding penny stocks primarily revolves around the perception of them being an easy route to quick wealth. Penny stocks are often misunderstood as low-priced stocks that have the potential to skyrocket in value, turning small investments into significant gains in a short period. However, the reality is quite different “Penny stocks lure investors with get-rich-quick dreams, but fundamentals ultimately determine fates.

Apollo Hospitals Enterprise Ltd. with a target price of Rs 6800. The current market price of Apollo Hospitals Enterprise is Rs 6051.7. Apollo Hospitals Enterprise Ltd., incorporated in the year 1979, is a Large Cap company (having a market cap of Rs 87239.18 Crore) operating in Hospitals & Allied Services sector.