Stocks in the news: Keystone Realtors, IndiGo, BASF, Inox Leisure and Apollo Tyres
Rustomjee Group's Keystone Realtors will make its Dalal Street debut on Thursday as the company issued shares in the range of Rs 514-541 apeice between November 14-16 to raise Rs 635 crore via IPO.
Faced with exorbitant natural gas prices, energy-dependent industries in Europe, such as the chemical, automotive, cement and many other industries, have been facing similar problems. In this desperate situation, European industrialists are actively exploring options for relocating their production elsewhere. Thus coining the opportunity for other countries as ‘Europe Plus One
European shares rally sharply ahead of producer price data
The region-wide STOXX 600 index was up 1.8% by 0722 GMT, hitting its highest level since Sept. 23 along the way, and tracking a solid rally on Wall Street overnight.London's blue-chip FTSE 100 index rose 1.4%, building on gains from the previous session after the UK conservative government's decision to reverse parts of its controversial tax cut plans.
SGX Nifty up 50 points; here's what changed for market while you were sleeping
Asian stocks opened with healthy gains Wednesday morning, recovering some of the previous day's plunge fuelled by Nancy Pelosi's visit to Taiwan, though traders remain on edge over the impact on China-US relations. MSCI's index of Asia-Pacific shares outside Japan was up by 0.18 per cent.
#BASF SAYS RISKS COULD ARISE FROM PRODUCTION STOPPAGES AT MAJOR EUROPEAN SITES AS A RESULT OF FURTHER RESTRICTIONS TO EUROPEAN GAS SUPPLIES FROM RUSSIA
19 stocks that India's best performing PMS funds are betting on
Atlas Integrated Finance's midcap fund, which gave a marginally negative return of 0.23 per cent last month, was seen betting heavily on Honeywell Automation, Dixon Technologies, Relaxo Footwears and Whirlpool India. It also chose to invest about 22 per cent of its holdings in a liquid fund.
Ambani vs Adani at 5G auction but no direct market clash yet
On Saturday, Adani group confirmed plans to participate in the July 26 5G spectrum auction but said the airwaves it was seeking was to set up a private network to help digitise its businesses from airports to energy to data centres. This meant no entry into the consumer mobile telephony space, where Ambani's Reliance Jio is the largest player.
Natural gas soars 700%, becoming driving force in the new Cold War
Its the war in Ukraine that catalyzed the gas crisis to a new level, by taking out a crucial chunk of supply. Russia is cutting back on pipeline deliveries to Europe — which says it wants to stop buying from Moscow anyway, if not quite yet. The scramble to fill that gap is turning into a worldwide stampede
15 stocks down 20-50% in June quarter despite over 100% jump in Q4 profit!
The company reported a 166 per cent YoY jump in net profit at Rs 728.77 crore for the quarter compared with Rs 273.84 crore in the corresponding quarter last year. The average target price on this stock has fallen to Rs 245 from Rs 255 recently, which suggests a 150 per cent potential upside on the counter.
European stocks retreat on weaker commodities, inflation fears
Oil & gas stocks tumbled 2.9%, mirroring a more than $6-a-barrel slump in crude prices, amid a push by U.S. President Joe Biden to bring down soaring fuel costs.
In-space propulsion startup Bellatrix seals $8 million funding round
The funding round saw the participation of StartupXseed, Pavestone Capital, Survam Partners, Karsemven Fund, the Mankind Pharma family office, and other prominent family offices and angel investors, said a statement.
Market Movers: Fraud or no fraud? CanFin Homes tanks 6% despite clarification
The company said it classified it as a bad loan despite the accounts being maintained regularly and provided for the full amount of Rs 3.93 crore. This disclosure led to heavy selling in the counter. It eventually ended down about 5 per cent at Rs 520.
European stocks slip as downbeat China data dents risk appetite
The pan-European STOXX 600 index was down 0.8%, as of 0714 GMT, set to snap a three-day session of gains, although trading volumes were likely thinned by a UK bank holiday.
Bayer CropScience & BASF India could see positive momentum as Govt. likely to pass Food Safety and Standards (Genetically Modified or Engineered Foods) Regulations, 2021 in the coming Budget session which can pave the way for use of GM seeds in production of Edible Oi......read more
Stocks in the news: Airtel, HDFC, TaMo, Yes Bank, Maruti and Hero Moto
Bharti Airtel, Sun Pharma, Dabur, Godrej Properties, Hindustan Petroleum, Jindal Steel, Trent, Union Bank of India, Bank of India and Radico Khaitan are among the companies that will announce their September quarter results today.
#Chemical prices are spiraling big time led by supply disruption & power disruption in china and also high demand by base industries. Following 20 Chemical manufacturer's stocks could benefit from this jump up in short to medium term.
→ Prices of 'ABS & Polystyrene' have shot up......read more
Sensex rebounds to end 125 pts higher; metals, PSU banks cap upside
Sentiments in the broader market were weak. The upbeat US job data also put some pressure as investors saw it as a signal for earlier than expected tapering. The ongoing retail frenzy can counter any downside in India in the short run, said an analyst.
BASF India Q1 results: Co posts net profit at Rs 197 cr
Revenue from operations during the quarter under review grew by 69.80 per cent to Rs 2,981.76 crore compared to Rs 1,755.98 crore in the same quarter of the previous financial year, BASF India said in a BSE filing.
#BASF On Weekly VCP BO, Now Entry above 2880 or if Pull Back as earlier in June Stock rejected from same level.But this Time Good Attempt, Support 2774-70, Upside T- 3000