Colliers Capital Markets & Investment Services Pune closed two transactions this quarter. A leading residential developer raises `130 crore for its premium residential property and the second one was a mixed-use development project. Aswani Promoters and Builders partnered with a leading developer for development potential of 2.2 million square feet mixed-use development in Balewadi. … Read More “Colliers closes two large deals in Pune” »
Tag: market news
BofA Securities has revised its year-end Nifty target to 14,500 (from 16,000) with target multiple of 17x (close to 10-year average) from 18.4x, factoring in the near-term negative event horizon. The target implies a 7% downside potential from current levels, according to a report. For sensitivity, Nifty earnings growth moderation to 15% in FY23/24E could … Read More “BofA cuts year-end Nifty target to 14,500” »
The board of Tata Steel will consider a stock-split proposal during its meeting on May 3. The meeting will be held to consider the company’s financial results for the quarter and year ended March 31, 2022, according to a regulatory filing. The board will “consider a proposal for sub-division of the equity shares of the … Read More “Tata Steel board to consider stock-split proposal on May 3” »
BSE Sensex and Nifty 50 were ruling over 2 per cent higher on Thursday, a day of weekly F&O expiry, on the back of buying in ICICI Bank, HDFC Bank, HDFC) Axis Bank, and RIL, among others BSE Sensex and Nifty 50 were ruling over 2 per cent higher on Thursday, a day of weekly … Read More “Balrampur Chini, Dhampur, Dwarikesh among stocks to hit fresh 52-week high; 11 shares at new lows” »
The rupee is expected to appreciate today due to easing crude oil prices and softer dollar. Moreover, a rise in risk appetite in global markets may continue to support the rupee. However, expectations of higher consumer price reading from the US are expected to provide some support to the dollar. The Indian rupee is likely … Read More “Rupee to appreciate on easing crude prices, weak dollar, USRINR pair to trade in this range” »
There was no bar in the order passed by the Supreme Court that Sebi will not make repayment to the investors of other group companies, Umesh Prasad Singh, counsel for Sahara, said in a written response on Tuesday in pursuance of the summons issued by the Patna High Court. Sahara India Pariwar on Wednesday informed … Read More “Rs 24,000 crore lying with Sebi: Sahara tells court” »
FPIs continued to offload Indian shares, having sold stocks worth $ 5 billion over six sessions in March Indian equities gained the most among the Asian indices on Wednesday as the investor appetite for riskier assets made a cautious comeback. Ukraine’s decision of not insisting on NATO membership fueled investor sentiment. More than half of … Read More “Heavyweights lead the charge: Equity indices jump more than 2%” »
Entering the weekly Futures & Options expiry session, SGX Nifty was up a whopping 250 points, suggesting a positive start to the day’s trade, continuing yesterday’s momentum. Bulls remained in control on Dalal Street on Wednesday as domestic indices rallied despite soaring crude oil prices as investors went bottom shopping. S&P BSE Sensex zoomed 1,223 … Read More “Sensex, Nifty may continue upward march; 5 things to know before today’s opening bell” »
We upgrade our rating to ‘buy’ from ‘add’ with an unchanged Mar’22 SoTP-based target price of Rs 434 / share post 13% stock price correction in the last one month. DLF has seen strong traction in its residential business with 9MFY22 sales bookings of Rs 45.4 billion driven by the Dec’21 launch of the One … Read More “Analyst Corner: Upgrade DLF to ‘buy’ with unchanged TP of Rs 434” »
The government recently appointed Madhabi Puri Buch as the chairperson of Sebi. The government has appointed economic affairs secretary Ajay Seth and corporate affairs secretary Rajesh Verma as part-time members to the board of capital markets regulator Sebi. They will replace Anand Mohan Bajaj, additional secretary in the department of economic affairs, and KVR Murty, … Read More “Government appoints top bureaucrats to Sebi board” »