Manipur / Business Today
After beating its 2025 targets by a distance, Indian Hotels Company has unveiled its Accelerate 2030 strategy, and has set benchmarks for itself across topline, portfolio, and payout to shareholders.
Kothari Products stock ended 20% higher at Rs 205.55 against the previous close of Rs 171.30 on BSE. Market cap of the firm rose to Rs 613.44 crore.
In 2024 BSE Realty and BSE Healthcare indices were the standout performers, each delivering an impressive 40 percent year-to-date (YTD) return.
Check the bidding for five IPOs- DAM Capital Advisors, Mamata Machinery, Concord Enviro, Transrail Lighting and Sanathan Textiles- on the second day of the bidding.
Multibagger sock: This microcap stock climbed 229.61 per cent in 2024 to Rs 189 level from Rs 57.34 level at the end of 2023. This is despite a 25 per cent drop on the counter from a recent high of Rs 250.75.
In 2024 India's benchmark index, BSE Sensex saw a growth of 11%. While BSE Realty and BSE Healthcare both indices delivered an impressive 40% year-to-date (YTD) return each.
Tata Power stock slipped 7.50% in six months, 6.63% in two weeks and 4.20% in a week, indicating weakness in the near term.
Mumbai-based International Gemmological Institute sold its shares in the price band of Rs 397-417 apiece, for which Investors could apply for a minimum of 35 shares and its multiples to raise Rs 4,225 crore.
This is a known, but illiquid stock, with the scrip seeing its first trade of 2024 on June 21. It saw only two days of trading in 2023 and nine days of trading in 2021.
Goldman Sachs forecast MSCI India earnings growth at 12 per cent in 2024, 13 per cent in 2025 and 16 per cent in 2026 against consensus expectations of 13 per cent for 2024, 16 per cent for 2025 and 15 per cent for 2026.
Asian Paints share price today: The stock touched an yearly low of Rs 2,266 in the current session. Market cap of Asian Paints slipped to Rs 2.19 lakh crore.
The banking stock slipped to Rs 600.70 on January 23 this year. It rose to a record high of Rs 912.10 on June 3, 2024.
The multibagger green energy stock, which rose 573% and 496% in two and three years, respectively is down nearly 24% in three months.
Sanghi Industries share price: The merger of Sanghi Industries and Penna Cement Industries into Ambuja aims to streamline operations and solidify its market position. Under the proposed scheme with Sanghi Industries, shareholders will receive 12 Ambuja Cements shares for every 100 Sanghi shares held.
ITC shares vs HUL shares: Shares of ITC and HUL hit their record highs in September this year. While ITC stock hit a record high of Rs 528.55 on September 27, HUL shares touched all time high on Rs 3034.50 on September 23, 2024.
Tejas Networks Ltd (up 49 per cent), Tata Power Company Ltd (26.66 per cent),Rallis India Ltd (20 per cent), Tata Consultancy Services Ltd (14 per cent),Tata Steel Ltd (4 per cent) and Tata Communications Ltd (2 per cent) delivered positive returns.
Indian stock markets are likely to remain open on February 1, Saturday, when the finance minister Nirmala Sitharaman will table the Union Budget for the financial year 2025-26.
VA Tech Wabag said the customer has notified all tender participants on December 16, 2024, that the said tender stands cancelled pursuant to their internal administrative procedures.
The multibagger railway stock fell to its 52 week low of Rs 141.85 on March 13, 2024. Texmaco Rail stock ended 0.83% higher at Rs 231 in the current session, rising 63.08% in nine months in 2024.
Dixon Technologies stock gained 1.68% to a record high of Rs 19,149 on BSE. Market cap of the multibagger stock stood at Rs 1.13 lakh crore.
NMDC's stock was last seen trading 1.89 per cent lower at Rs 228.25. At this price, the counter has climbed 13.16 per cent in 2024 so far compared to an 11.66 per cent rise in benchmark BSE Sensex.
As many as 15 stocks hit their 52-week lows today. BSE 500 stocks such as Prince Pipes and Fittings Ltd and Tata Technologies Ltd hit their respective one-year low levels. That said, 250 stocks touched their one-year high levels today.
ITC had on August 14 last year approved the demerger of its hotel business, with ITC all set to hold a stake of 40 per cent in the new entity and the balance shareholding of 60 per cent is to be held directly by ITC's shareholders.
ITC demerger: JM Financial said the demerged hotel business is expected to have a value of Rs 25 per share out of its ITC's current target price of Rs 530 per share.
Ventive Hospitality is looking to raise a total of Rs 1,600 crore via its IPO, which is entirely a fresh share sale, while retail investors will have only 10 per cent allocation in the IPO.
IPO trend: IIFL said the average outperformance over respective sector indices on average for PE- backed companies from the issue price stood at 23 per cent after one-year of listing.
Vedanta's dividend yield (excluding the announced one) stood at 9 per cent against 6 per cent for Coal India (Rs 26 dividend per share in past 12 months), 6 per cent for Hindustan Zinc Ltd (Rs 29 per share), 5 per cent for ONGC (Rs 12.50 per share).
Paytm share price today: Paytm shares ended 2.32% higher at Rs 1,007 on Monday against the previous close of Rs 984.20 on BSE. Market cap of Paytm climbed to Rs 64,184 crore
Titagarh Rail share price: The stock was last seen trading 2.54 per cent higher at Rs 1,341.40. At this price, it has gained 22.15 per cent in the past one month.
With a fall of nearly 68% so far, Fusion Micro Finance declined the most in the BSE Smallcap index in 2024.
Other than HAL and L&T, the beneficiaries could be Bharat Electronics Ltd (BEL) for its radar and EW systems and Dynamitic Industries, which is the only company to be collocated in Nashik at HALs factory for producing fuselage.
Sensex stock: The scrip has 26 'Strong Buy', four 'Buy', 10 'Hold' and two 'Sell' calls. The price targets on the stock suggests 15-65 per cent potential upside ahead.