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Sugar stocks rallied up to 8% on Thursday after the government tightened inventory limits, barring dealers handling more than 10 metric tonnes of sugar per month from holding stocks for over 15 days. Bajaj Hindusthan Sugar shares rose around 8% to Rs 22, while Shree Renuka Sugars and Dhampur Sugar Mills gained 6-7%. Balrampur Chini…
Shares of Power Finance Corporation (PFC) and REC fell up to 3% on the BSE on Thursday, after domestic brokerage firm Morgan Stanley downgraded the stocks from Overweight to Equal-Weight. The brokerage also cut its target price for PFC to Rs 410 from Rs 510, while its target for REC was lowered to Rs 360…
A retired income tax officer in Mumbai lost ₹51 lakh after fraudsters posing as police officers from Lucknow allegedly convinced him that he was involved in a money laundering case, placing him under ‘digital arrest’. The scammers then told him to transfer his savings as part of the purported investigation, PTI reported. The series of…
The wait is almost over for investors in the Lalithaa Jewellery Mart IPO, with the share allotment expected to be finalised today, Thursday, August 20. Once the allotment is announced, investors can check their application status online through the IPO registrar’s website, as well as the allotment sections of the BSE and NSE. The grey…
Bajaj Housing Finance’s loan book may expand faster than most large rivals, but Jefferies says investors have already paid for much of that growth. The brokerage initiated coverage with a Hold rating and a Rs 92 price target, implying just 9% upside from its reference price of Rs 84.29. “Premium valuations at 2.6x Mar-27 BV…
Shiprocket shares extended their gains for the second straight session on Thursday, rising nearly 6% in early trade after a blockbuster debut a day earlier. The stock’s strong momentum continued amid robust institutional interest, including a Rs 52.7 crore purchase by Goldman Sachs on the listing day. On the BSE, the stock opened at Rs…
Shares of gold loan companies, including Muthoot Finance, Manappuram Finance and IIFL Finance, jumped up to 4% on Thursday as the yellow metal’s prices surged, following a surprise liquidity support announcement by the US Treasury. Muthoot Finance shares jumped more than 4% to trade at Rs 2,985 apiece, while those of Manappuram Finance and IIFL…
Shares of Milky Mist Dairy Food came under mild profit-booking pressure on Thursday after gaining 42% over the previous two trading sessions following its much-awaited stock market debut. The stock slipped as much as 4.21% to an intraday low of Rs 191.25 on the NSE. However, the decline later moderated, with the shares trading broadly…
Only four Focused funds have delivered SIP returns of more than 15% over five years, with Invesco India Focused Fund leading at 18.33%. Mirae Asset Focused Fund was at the other end with a 7.92% return. Focused funds are equity mutual fund schemes that invest in a concentrated portfolio of up to 30 stocks. Unlike…
The process of providing financial assistance to eligible women under the Delhi government’s Delhi Lakshmi Yojana is set to begin, with beneficiaries scheduled to start receiving their official pension letters from August 26, Chief Minister Rekha Gupta said on Tuesday. The Delhi government will hold an event at Talkatora Stadium on August 26, 2026 to…