share market

Gold rate today: According to experts, rising tension in the Russia-Ukraine war and wedding season in India may fuel MCX gold rates up to ₹78,800 levels. Gold rate today: After rising for three straight months, gold prices in India registered around 2.60 per cent dip in November 2024. This pullback in the precious yellow metal was driven by the announcement of a ceasefire agreement between Israel and Hezbollah and the rising US dollar rates. However, commodity market experts believe that renewed tension in the Russia-Ukraine war, Israel-Hezbollah accusing each other of the ceasefire violation and wedding season in India are expected to fule gold prices. They said that MCX gold rates may touch ₹78,800 per 10 gm mark as the outlook for the precious metal is positive in the near term . Escalation in the Russia-Ukraine War Highlighting the reasons that triggered selling pressure in gold prices this month, Sugandha Sachdeva, Founder of SS WealthStreet, said, "After a three-month rally...

Multibagger stock split 2024: The company, which has delivered strong performance over time, set December 16, 2024, as the record date for the split Multibagger stock split 2024: The board of directors of PC Jeweller has announced a 1:10 stock split, making its shares more accessible to retail investors. The company, which has delivered strong performance over time, set December 16, 2024, as the record date for the split. This decision comes after shareholders approved the move via postal ballot on November 21, 2024. The board of directors finalized the record date through a resolution passed by circulation on November 28, 2024. The announcement was detailed in an official exchange filing. PC Jeweller stock split record date Under the stock split, every equity share of ₹10 face value will be subdivided into 10 equity shares with a face value of ₹1 each. Such a move is typically aimed at increasing liquidity in the market and making shares more affordable for investors. In the exchange ...

Nifty 50, Sensex today: The Indian stock market is expected to open higher on Thursday, supported by positive trends in Gift Nifty. Despite volatility in Wednesday’s session, indices like Nifty 50 and Sensex closed with gains, reflecting market resilience amid mixed global cues. The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Thursday amid mixed global cues. At 08:32 IST, The trends on Gift Nifty also indicate a positive start for the Indian benchmark index. The Gift Nifty was trading around 24,474.50 level, a premium of nearly 168 points from the Nifty futures’ previous close. The domestic benchmark indices, Nifty 50 and Sensex, demonstrated notable volatility in Wednesday’s session on November 27. While the rebound in Adani Group stocks was a positive development, it was somewhat tempered by the underperformance of key index heavyweights. This created a dynamic trading environment with significant fluctuations. Nevertheless, it is encoura...

Stock Market Today: Ola Electric Mobility share price gained up to 6% in the morning trades on Monday. The company announced launch of Gig and S1 Z range of scooters to democratize electric mobility Stock Market Today: Ola Electric Mobility share price gained up to 8% in the morning trades on Monday. The company announced launch of Gig and S1 Z range of scooters to democratize electric mobility The Today: Ola Electric Mobility share price opened at ₹77.71 on the BSE on Wednesday, more than 5% higher than the previous close of ₹73.47. Ola Electric Mobility share price thereby gained intraday highs of ₹79.33, marking gains of 8%. New range of Scooters; Details Ola Electric Mobility in its release on 26 November said that it has Launches Ola Gig, Ola Gig+, Ola S1 Z, and Ola S1 Z+ starting at introductory price of ₹39,999, ₹49,999, ₹59,999, and ₹64,999, respectively. The above mentioned prices are Ex-showroom. Booking starts, Delivery by April 2025 Ola Electric Mobility also said that the ...

Telecom stocks witnessed a sharp upsurge in early morning trade on November 26, amid reports that the Union Cabinet approved the waiving of bank guarantees for telecom operators. Vodafone Idea shares jumped 14.20% to ₹7.66 apiece, while MTNL shares surged nearly 9% to ₹51.45 apiece. Telecom stocks witnessed a sharp upsurge in early morning trade on November 26, amid reports that the Union Cabinet approved the waiving of bank guarantees for telecom operators. Vodafone Idea shares jumped 14.20% to ₹7.66 apiece, while MTNL shares surged nearly 9% to ₹51.45 apiece. On Monday, the Union Cabinet approved the waiver of bank guarantees for telecom operators on spectrum purchased before 2022, citing sources. The move has come as a relief to Vodafone Idea, which owes the government over ₹24,700 crore in bank guarantees (BG), sources told the news agency. Indian telecom operators, including Airtel and Vodafone Idea, collectively hold more than ₹30,000 crore in BG obligations The report highlights...

The surge in smallcaps and midcaps was primarily led by a rally in PSU names which surged in hopes of a capex push following the BJP's landslide win in Maharashtra. Riding along with the benchmarks, the broader market also witnessed strong buying on November 25, which helped the Nifty Smallcap 100 and the Nifty Midcap 100 indices rise close to 2 percent each. The surge in the two broader market indices was primarily led by PSU names which were rallying today on the back of hopes of a capex push following the BJP-led Mahayuti alliance's staggering victory in Maharashtra. The BJP-led alliance secured over 200 seats in Maharashtra, which according to analysts, signals continuity in the central government’s development agenda. Analysts at Kotak Institutional Equities expect limited fiscal consolidation, increased central government capital expenditure in the second half of FY25, and a sentiment-driven uplift in sectors such as infrastructure, urban development, and manufacturing,...

The inclusion comes as Zomato has posted impressive stock price gains, with the company’s shares rallying 42% in the last six months and over 112% year-to-date (YTD). Shares of Zomato, the food delivery aggregator, surged 6.35% in early morning trade on November 25, reaching a 6-week high of ₹273 per share, following the announcement that the company will join the BSE Sensex. Zomato will replace JSW Steel in the index, marking the first new-age tech stock to enter the prestigious 30-share index. The reconstitution, announced by Asia Index Private Ltd, a subsidiary of BSE, will take effect on December 23, 2024. Companies are added or removed from the Sensex based on their average six-month float-adjusted market capitalization. The BSE Sensex includes 30 large, well-established companies across key sectors, serving as both a benchmark and an investable index. The inclusion comes as Zomato has posted impressive stock price gains, with the company’s shares rallying 42% in the last six mon...

NTPC Green Energy IPO allotment status: Once the share allocation is out, applicants can check their application status online by logging in at the BSE website or the official website of KFin Technologies   NTPC Green Energy IPO:   After three days of bidding on Friday last week, NTPC Green Energy IPO applicants eagerly await the share allocation announcement. In the wake of the 'T+3' listing rule, most likely, the NTPC Green Energy IPO listing date is 27th November 2024, i.e. Wednesday next week. So, most likely, NTPC Green Energy's IPO allotment date is 23rd November 2024, i.e. today. In case of delay, we expect the announcement of the share allotment on Monday next week. Once the NTPC Green Energy IPO allotment is out, applicants can check their application status online by logging in at the BSE website or the official website of KFin Technologies, the official registrar of the public issue. Meanwhile, after remaining at par in the grey market, NTPC Green Energy shares...

Life Insurance Corporation of India (LIC) raised stake in IT company LTIMindtree via open market purchases. In an exchange filing on Thursday, LIC said it has increased its shareholding in equity shares of LTIMindtree from 1,49,06,665 to 2,08,34,009 i.e., 5.033% to 7.034% of the paid-up capital of the company. LIC acquired the stake at an average price of ₹4,950.807 per share from March 20, 2024, to November 19, 2024.LIC shareholding: Life Insurance Corporation raises stake in LTIMindtree. Details here Life Insurance Corporation of India has boosted its shareholding in LTIMindtree, growing from 1,49,06,665 to 2,08,34,009 shares, which elevates its ownership from 5.033% to 7.034% The deal was in the ordinary course of action, said LIC in the exchange filing. The release came post market close on Thursday, November 21. LTIMindtree stock gained nearly 1 per cent following the announcement. The stock was trading 0.39 per cent higher at ₹5,954.45 around 9.30 am. During the day, it hit a h...

Adani Group shares experienced significant losses on November 21 following Gautam Adani's and seven other senior business executives' indictment in New York for their alleged involvement in a multibillion-dollar bribery and fraud scheme. Adani Group Stocks:   Several Adani Group shares, including those of the flagship firm Adani Enterprises, suffered massive losses and hit their lower circuits in early trade on Thursday, November 21. This was after Gautam Adani had been indicted in New York over his role in an alleged multibillion-dollar bribery and fraud scheme. According to US authorities, more than $250 million in bribes were promised to Indian Government officials to secure solar energy contracts. "A five-count criminal indictment was unsealed today in federal court in Brooklyn charging Gautam S. Adani, Sagar R. Adani and Vneet S. Jaain, executives of an Indian renewable-energy company (the Indian Energy Company), with conspiracies to commit securities and wire fraud a...

  Mangal Compusolution share price debuted at  ₹ 45 on BSE SME, matching the issue price, and were locked in a 5% lower c ircuit. The IPO, which received strong investor interest, was oversubscribed 34.59 times and is primarily focused on hardware rental servives Mangal Compusolution IPO listing date: Mangal Compusolution share price made a muted debut on BSE SME today. On BSE SME, Mangal Compusolution share price was listed at ₹45, which is same as the issue price. Following its debut, Mangal Compusolution share price was locked in 5% lower circuit. At 10:13 IST, Mangal Compusolution share price was trading at ₹42.75 apiece on BSE SME. Mangal Compusolution IPO opened for subscription on Tuesday, November 12 and closed on Thursday, November 14. The SME IPO received overwhelming response from investors. Mangal Compusolution Limited offers hardware rental services to meet the demands of companies in a range of sectors. The business provides complete end-to-end IT equipment and ...

Chinese solar-energy materials supplier Qinghai Lihao Semiconductor Material Co. is considering a Hong Kong initial public offering as early as the second half of 2025, according to people familiar with the matter. (Bloomberg) -- Chinese solar-energy materials supplier Qinghai Lihao   Semiconductor Material Co. is considering a Hong Kong initial public offering as early as the second half of 2025, according to people familiar with the matter.  The IPO of the company, which is backed by venture capital firm IDG Capital and manufactures silicon material used for solar cells, could raise around 1 billion yuan ($138 million), the people said, asking not to be identified discussing a private matter. Deliberations are ongoing and details of the offering may change, they said.  The company didn’t respond to an email requesting comment, while calls made to a telephone number listed on its website went unanswered.  Qinghai Lihao’s potential offering comes as share sales have...

Multibase India announced an interim dividend of ₹53 per share, the highest in its history, with a record date of November 27. The stock has increased by over 109% in the past year, supported by impressive quarterly financial results . . Dividend Stock: Multibase India, a multibagger small-cap stock, has grabbed attention with its latest dividend declaration. The company announced an interim dividend of ₹53 per share for the financial year 2024-25, which is 530% of its face value of ₹10 per share Historic Dividend Announcement In an exchange filing dated November 13, Multibase India stated, "Recommended interim dividend of INR 53/- (Rupees Fifty-Three only) per equity share having a face value of INR 10/- (Rupees Ten only) each, for the financial year 2024-25." The record date for determining eligible shareholders has been set for November 27. This means only shareholders who own the stock before this date will receive the dividend payout. Those buying shares after November ...

Multibagger Stock: Gokaldas Exports has become a top performer on Dalal Street, with shares appreciating 154% over two years and 1260% over four years. Strong operational performance and global demand for Indian apparel are driving growth, with a promising outlook for future textile trade. Multibagger Stock: Gokaldas Exports, a leading apparel manufacturer, has emerged as a standout performer on Dalal Street, delivering remarkable returns to its shareholders. The company’s share price has surged significantly in recent years, cementing its position as one of the biggest wealth creators in the Indian equity market. Over the past five years, the company’s shares have been on an impressive winning streak, showcasing consistent growth without any major corrections. The stock has appreciated 154% over the last two years, reaching ₹850. Over a four-year period, the stock delivered a phenomenal 1,260% return, while in 11 years, it saw a robust 2,358% gain.  A closer look at the stock's...

  Waaree Energies reported a consolidated net profit of ₹361.65 crore for Q2FY25, registering a growth of 14.78% over ₹315.09 crore during the same quarter last fiscal year. Waaree Energies share price plunged over 6% on Tuesday following the company's September quarter (Q2) results. The recently-listed Waaree Energies shares declined as much as 6.44% to ₹2,914.60 apiece on the BSE. Waaree Energies on Monday reported a consolidated net profit of ₹361.65 crore for the second quarter of FY25, registering a growth of 14.78% over ₹315.09 crore posted during the same quarter last fiscal year. On a sequential basis, the net profit fell from ₹394.14 crore recorded in the June quarter of FY25. The company’s revenue from operations in Q2FY25 rose marginally by 1.05% year-on-year (YoY) to ₹3,574.37 crore from ₹3,537.30 crore. The Board of Directors of Waaree Energies also approved an investment of up to ₹600 crore for the development of infrastructure, including land acquisition and connect...