A recent report by US-based short-seller Hindenburg Research has disclosed that mutual funds have invested nearly $5 billion (Rs 41,814 crore) across 10 Adani Group companies. The report indicates that except for New Delhi Television (NDTV), mutual funds have invested in every listed Adani Group company.
The investment breakdown shows that Adani Ports and SEZ has the highest mutual fund exposure…
This week’s IPO lineup includes the highly anticipated Saraswati Saree Depot Ltd on the mainboard and four SME issues aiming to raise a total of ₹257 crore from investors. Here’s a detailed look at the new public offers set to open for subscription.
Mainboard IPO
Saraswati Saree Depot Ltd
Issue Size: ₹160 crore
Subscription Dates: August 12 – August 14, 2024
Price Band: ₹152 to ₹160…
Coffee Day Enterprises Ltd (CDEL) experienced a significant drop in its share price on Monday, August 12, 2024, as the company’s financial troubles took a new turn. The stock tumbled 19.47%, hitting a day low of Rs 37.55, and was last seen trading 15.14% lower at Rs 39.57. This latest decline extends the company’s losing streak to three consecutive trading sessions. The fall in the stock price…
The Adani Group’s stock prices have taken a significant hit this Monday, with all major stocks in the conglomerate opening in the red. Adani Enterprises saw a sharp decline of 3.5%, while Adani Power plummeted nearly 5%. This downturn comes in the wake of an escalating controversy involving the Hindenburg Research report and a contentious response from the Securities and Exchange Board of India…
In recent weeks, SharkNinja, a leading name in household appliances, has seen its stock skyrocket to unprecedented heights, reflecting the company’s robust performance and strategic success. Following a stellar earnings report, SharkNinja’s shares have surged, hitting an all-time high and drawing attention from Wall Street analysts. The company’s impressive growth, attributed to relentless…
Indian stock markets have faced a severe downturn today, with significant losses on both the Sensex and Nifty indices. The magnitude of the sell-off has been striking, wiping out investor wealth to the tune of Rs 10.24 lakh crore. The market capitalization fell from Rs 457.16 lakh crore in the previous session to Rs 446.92 lakh crore, underscoring a dramatic shift in investor sentiment and…
Shares of Zomato Ltd., the prominent food delivery aggregator, surged by 19% to ₹278.7 after analysts revised their price targets following the company’s strong June quarter results.
Brokerage firm CLSA led the charge, maintaining a “buy” recommendation and raising its price target from ₹248 to ₹350, the highest on the street. CLSA also increased its earnings forecasts by 6% to 36% for…
Arm Holdings (ARM) saw its shares tumble in after-hours trading, despite reporting fiscal first-quarter earnings that exceeded expectations. The company’s stock fell over 12% after gaining more than 8% during the regular session, even as it continues a remarkable run with a 90% increase so far in 2024.
The decline came after Arm Holdings provided a weaker-than-expected earnings outlook for the…
Brainbees Solutions, the parent company of Firstcry, has officially announced the price band for its upcoming initial public offering (IPO). The company is offering its shares within a range of ₹440 to ₹465 each. Investors interested in participating can apply for a minimum of 32 equity shares and in multiples of 32 shares thereafter. The IPO will be open for subscription from August 6 to…
Indian Markets Expected to Open Lower Amid Global Market Turmoil and Geopolitical Concerns
The Indian stock markets are set for a negative start on Friday, following a significant downturn in global markets. On Wednesday, the S&P 500 and Nasdaq experienced notable declines, with the Nasdaq falling the hardest at 1.55%. This downturn was primarily driven by corrections in major semiconductor stocks…
