Hindalco Industries Limited is the metals flagship company of the Aditya Birla Group. It is the world’s largest aluminium company by revenues, and the world’s second largest Copper rods manufacturer (outside China), as stated by the Company. Read Full Article Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power…
Shares of Bajaj Electricals surged 10.5 per cent on Tuesday, reacting sharply to the company’s deal announcement to acquire trademarks and goodwill, including exclusive rights to the Morphy Richards brand, strengthening its position in the consumer appliances space. Notably, the acquisition spans key South Asian markets. Source link
Indian equity markets traded lower on Tuesday (March 17), with benchmark indices slipping amid weakness in IT stocks. Selling pressure in heavyweights weighed on sentiment, while investors remained cautious, tracking global cues and sectoral trends. The Indian benchmark indices staged a sharp rebound on Monday, March 16, breaking their three-day losing streak as the 30-share…
Top brokerages, including MOSL, Goldman Sachs, Citi, and BoFA, have revised their ratings and target prices for 2026, reflecting sector-specific growth trends. While some stocks show strong upside potential driven by demand and expansion, others face valuation concerns, offering a balanced view for portfolio positioning in current market conditions. Here are the top stocks to…
IPO next week list: The second mainboard offering next week will come from Coal Central Mine Planning and Design Institute (CMPDIL), an arm of state-owned Coal India. The CMPDIL will launch its initial public offering (IPO) on Friday, March 20. No stock data available India’s primary market is set to be busy next week with…
Background for export cap Exports for SS 25-26 according to recent industry data India has exported 315,000 tonnes of sugar from October to February in the 2025-26 season (permitted quota: 20 lakh tons) Indian Sugar & Bio-energy Manufacturers Association cuts 2025-26 net sugar output SS 25-26 Revised Estimates (third advance estimates) Why the change in…
Citi has reiterated its Sell rating on Ola Electric while sharply cutting its target price, citing weaker revenue prospects and sustained market share pressures. The brokerage lowered its target price to Rs 22 from Rs 27, reflecting reduced revenue assumptions and continued challenges in volume growth. Despite valuing the company at an unchanged 3.5x FY27E…
Meanwhile, the United Arab Emirates temporarily closed its airspace amid concerns over widening regional disruptions. Oil prices turned volatile as US President Donald Trump urged allied nations to assist in protecting oil tankers transiting the Strait of Hormuz. Read Full Article Further, US Treasury Secretary Scott Bessent stated that Iranian oil tankers are being allowed…
A bonus issue of stock is when a company issues extra free shares to its current owners, in proportion to their current ownership, out of accumulated profits or reserves rather than cash dividends. For instance, a 1:1 bonus issue sees a shareholder who owns 100 shares to receive 100 extra shares, making their total 200….
“This week is packed with several important developments and data releases, both domestically and globally. Geopolitical developments will remain the key factor to watch, as their impact on crude oil prices is likely to influence overall market direction. Read Full Article “On the domestic front, market participants will closely track key macroeconomic indicators, such as…
