India’s CRDMO sector is set to take advantage of the tailwinds that can drive its growth for the next 3-5 years, global brokerage Jefferies said in a note as it picked four stocks from the sector for gains up to 30%. The recommendations come following 50 investor meetings where the US brokerage noted key drivers […]
Rupee recovers 7 paise from all-time low level to close at 88.28 against US dollar
The Indian rupee recovered from all-time lows and settled for the day higher by 7 paise at 88.28 (provisional) against the US dollar on Friday, on weakness in the US dollar index and positive domestic markets. Forex traders said the domestic unit traded in a tight range and hovered around its all-time low level as […]
Nomura’s Sonal Verma sees inflation staying benign; forecasts rate cuts ahead
Inflation may be inching up from recent lows, but Nomura’s chief economist for India and Asia ex-Japan, Sonal Varma, believes the trajectory remains benign enough to give policymakers room for rate cuts later this year. Speaking to ET Now ahead of the CPI release, Varma said the September print will likely come in marginally higher […]
HFCL shares zoom 5% as firm secures 1,000 acres for defence facilities
Shares of smallcap defence player HFCL rallied nearly 5% to hit the day’s high of Rs 73.70 on NSE after the company announced that the Andhra Pradesh government has allotted 1,000 acres of land in Sri Sathya Sai district for setting up defence manufacturing facilities. In Phase I, HFCL will receive 329 acres, followed by […]
This smallcap pharma stock is up almost 40% in 2 sessions. What’s fuelling the rally?
Shares of Sigachi Industries, a smallcap nutraceuticals company, surged as much as 15% to their day’s high of Rs 43.24 on Friday, September 12. With today’s gains, the counter is up almost 40% in just two sessions. Several factors could be behind the surge. First, hopes of a possible US-India trade deal, with both leaders—US […]
Infosys buyback sensible amid global uncertainty, says Trip Chowdhry
Infosys’ recent share buyback has become a talking point in the market. While some investors were left underwhelmed by the premium, industry veteran Trip Chowdhry believes the decision is pragmatic given the global and sectoral challenges facing IT companies. Speaking to ET Now, Chowdhry explained that the move should be seen in context rather than […]
Trump seeks court approval to fire Lisa Cook ahead of Fed meeting – Trump Tussle
This week, Republicans advanced Stephen Miran, a Trump economic adviser, for confirmation to the Fed. An expedited timeline could allow him to participate in next week’s meeting, potentially influencing rate decisions. (Disclaimer: This slideshow has been sourced from AP) Source link
In a tough year for investors, 5 penny stocks under Rs 5 quietly turn multibaggers, rallying up to 250%
A few penny stocks, often found in the riskiest corner of the market, have delivered hefty returns over the past year. All these stocks are under Rs 5, making it easier to access for investors with small capital. According to Ace Equity data, 5 stocks turned multibaggers, returning up to 500%, while 5 of them […]
Rs 1.75 lakh crore wipeout! Sebi’s options lottery detox hits BSE, NSE investors
Markets regulator Sebi’s aggressive campaign to discourage Indian household savings from being lost in the high-risk game of options trading has triggered a devastating Rs 1.75 lakh crore market capitalization wipeout, bringing an abrupt end to the spectacular multibagger rally in shares of India’s premier stock exchanges. BSE shares have crashed about 29% from their […]
At multi-year highs: Jayaswal Neco, Zydus Wellness among 6 stocks witness 5-year swing high breakout – High Flyers
In the NSE list of stocks with a market cap over Rs 1,000 crore, six stocks witnessed a 5-year swing high at the close on September 11, suggesting bullishness in counters, according to stockedge.com’s technical scan data. A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level […]