Shares of Vishal Mega Mart declined on Thursday, September 24, even as brokerages HSBC and Jefferies are positive on the stock after its investor day. Both brokerages have “buy” ratings on the stock and see upside potential of 44% and 51% respectively on the hypermarket chain. HSBC HSBC has a “buy” rating and a target…
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The public listing of the National Stock Exchange (NSE) represents a critical expansion of India’s market infrastructure that will help drive the country toward its $30 trillion economic aspiration, according to industry executives. Lathika Kundu, MD and CEO at Metropolitan Stock Exchange, views the debut of a Market Infrastructure Institution (MII) as a highly positive…
Pine Labs on Thursday, September 24, said it plans to deploy 10 lakh soundboxes across India, as the payments company expands its merchant payment infrastructure. The company said the rollout is part of its plans to reinvest in the payments ecosystem as new monetisation opportunities emerge. “We wanted to invest back into the payments ecosystem…
Whirlpool of India Ltd., on Thursday, September 23, issued a clarification with regards to the CNBC Awaaz report a day prior, which stated that its promoter was set to sell its entire stake in the company. Post the report, the stock surged by 20%, following which the Bombay Stock Exchange (BSE) and National Stock Exchange…
Shares of PB Fintech are down 28% on Thursday, September 24, marking their biggest single-day fall on record. The stock had gone public in 2021 and ha…Read More 1/9 Shares of PB Fintech are down 28% on Thursday, September 24, marking their biggest single-day fall on record. The stock had gone public in 2021. The…
The Reserve Bank of India carried out currency swaps worth at least $10 billion in recent weeks to reduce liquidity in the financial system, according to people familiar with the developments, as the authority seeks to curb inflation risks from surplus cash. The Reserve Bank of India conducted the so-called sell-buy swaps with lenders over…
Shares of Hero Motors Ltd. were locked in a 20% upper circuit on Thursday, September 24, extending their sharp gains after a large block deal in the stock. The stock is now trading over 40% higher, compared to its issue price. As many as 2.4 crore Hero Motors shares changed hands in the block deal,…
Insurance and insurance-linked stocks sold off sharply on Thursday, September 24, in reaction to the draft paper on distribution reforms issued by the insurance regulator IRDAI on Wednesday evening. Shares of PB Fintech are now down 28%, the most in a single day that the stock has ever fallen, while those of Turtlemint continue to…
