Stock Market LIVE: Indices expect a solid start as SGX Nifty is trading in green

Stock Market Today: Budget and Fed

FM Nirmala Sitharaman will announce the last full-year budget before Prime Minister Narendra Modi seeks a third term in elections in 2024. US stocks got a boost on Tuesday ahead of Fed’s rate hike decision. The market expects a hike of 0.25% which will be the smallest hike since March 2022.  01 Feb 2023, 07:24:55 … Read more

Adani stock rout costs India spot in world’s top five markets

The proposed easing of FPI rules comes at a time when BSE and NSE have decided to stop sharing market data feeds with foreign stock exchanges to prevent a flight of liquidity from the country. Photo: Hemant Mishra/Mint

A rout in shares of Adani conglomerate has cost India its spot among the world’s five biggest equity markets, as the south Asian country’s market capitalization dropped below France’s on Monday to $3.2 trillion.  India’s slide to the sixth puts the gap with the UK, at seventh, at a little over $100 billion, according to … Read more

Laurus Labs stock feels the heat as margin woes expected to linger

Jefferies has maintained a ‘hold’ rating for Laurus stock as it trades at reasonable valuations

Laurus Labs Ltd’s stock hit a new 52-week low on Tuesday in early trade on Tuesday. The shares were trading lower by about 4% with the December quarter results (Q3FY23) falling short of analysts’ expectations. The company’s revenue and net profit fell by 2% and 13%, respectively, on a sequential basis. Post results, brokerages have … Read more

4:1 bonus share: Multibagger chemical stock turns ₹1 lakh to ₹24.5 crore in 20 years

Multibagger stock has ascended over 500 per cent in last five years.

Multibagger stock: SRF shares are one of the multibagger stocks that Indian stock market has produced over the years. However, the chemical stock has rewarded its long term shareholders trough regular dividends and one bonus share in 2021 as well, making their net return rise further. In fact, the chemical company announced bonus shares in … Read more

GAIL shares surge even as Q3 net profit dips 90%; stock seen to rally above ₹100

GAIL shares rose over 2% in early deals

Shares of GAIL India Ltd surged more than 2% to ₹97 apiece on the BSE in Tuesday’s early trading session even as the company reported a 90% decline in its December quarter net profit to ₹397.6 crore, after suffering losses in petrochemical and natural gas marketing business. The nation’s largest gas trading and transportation company … Read more

Small-cap penny stock declares rights issue after giving 450% return in 3 years

Small-cap company board has called for an extra-ordinary general meeting to seek approval of all members for fund raise drive. (MINT)

Vikash Ecotech shares are one of those small-cap stocks on Dalal Street that have delivered whopping returns to its shareholders in post-Covid market rebound. In these near three years, this penny stock has surged from around ₹0.60 apiece to ₹3.40 per share levels, delivering more than 450 per cent return to its positional shareholders. However, … Read more

Tech Mahindra shares: Should you buy the IT stock post Q3 results?

Tech Mahindra (Reuters)

IT company Tech Mahindra on Monday posted a 5% decline in the consolidated profit after tax at ₹1,297 crore in the December 2022 quarter as compared to ₹1,378 crore in the year-ago period. The company reported a nearly 20% growth in total income to ₹13,735 crore as against ₹11,451 crore in the year-ago period.  “Tech … Read more

Stock Market LIVE: Indices to open on positive note; SGX Nifty trading in green

A wild card — particularly for stock markets — is the Federal Reserve

Adani stocks continued to bleed on Monday despite a lengthy rebuttal released by the group. Globally, investors remain cautious ahead of Fed’s interest-rate decision and earnings from big-tech companies including Apple and Alphabet.  31 Jan 2023, 07:42:44 AM IST Banks wary of giving new loans to Adani group even as RBI takes stock Local lenders … Read more