Stocks that will see action today—Dec 7, 2023
Network18 Media & Investments Ltd (Network18) and TV18 Broadcast Limited has announced a Scheme of Arrangement in terms of which TV18 and e-Eighteen.com Limited, which owns and operates moneycontrol website and app, will merge with Network18. The proposed scheme will…
LIC stock in focus; analysts increase target price
Shares of Life Insurance Corporation of India (LIC) have been on the rise, gaining nearly 25 per cent in the last 15 days. On Wednesday the stock closed at ₹746 on the NSE, up 4.5 per cent (after hitting high…
Stock Market Live Updates 06 December 2023: Asian markets rise on US tech rally and labour data review
Asian stocks opened on Wednesday on a positive note, bolstered by the uptick in US high-tech shares amidst evaluations of US labour market data indicating a slowdown. In early trading, the Japanese Nikkei 225 index surged by 1.38%, gaining 451.11…
Kotak Research finds flaws in market valuation; sees limited investment opportunity
Kotak Institutional Equity Research has identified several flaws in the valuation practices prevalent in the stock market.This has exaggerated the ‘fair’ values of stocks and understated potential risks to the business models of companies, it said. “We note two broad…
Motilal Oswal targets to mop-up ₹1,200 cr via small-cap NFO
Motilal Oswal Asset Management Company aims to raise ₹1,000- 1,200 crore through the new small-cap fund offering to be launched on Tuesday. This will be the first NFO of an actively managed fund to be launched by the fund house…
Adani Ports records 42% y-o-y growth in Nov 2023 cargo volumes; shares up by 4%
Adani International Container Terminal Private Limited (AICTPL), the joint venture terminal at the Adani Ports and Special Economic Zone (APSEZ) in Mundra, has handled over 3,00,000 containers in the month of November. APSEZ has recorded cargo volumes of around 36…
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Technical Analysis: CESC, Laxmi Organic Industries and Kiri Industries
I have purchased 500 shares of CESC in September 2021. My purchase price is around ₹87. What is the outlook for the stock? Can I continue to hold the stock? Vijayan Kuttiadan, Kannur CESC (₹100.50): The outlook is bullish. The…
Technical Call: Granules India – BUY
Investors with a minimum time frame of one year can buy the shares of Granules India (₹392.70). The stock surged over 20 per cent last month. This has taken the share price well above the key resistance level of ₹360….
F&O Query: Should You Buy Put Options on Escorts Kubota?
Escorts Kubota is forming a head and shoulder pattern. Can I buy a put option? Muthukumar Escorts Kubota (₹3,205.2): The stock has largely been moving in a sideways trend since September. It has been held between ₹3,000 and ₹3,450 for…
Nifty scales new high on upbeat domestic data, global cues
The benchmark 50-share Nifty surged to a record high on Friday on the back of better-than-expected GDP numbers, buying by foreign investors and positive global cues. Nifty rose for the fourth straight session to close at 20,267, up 135 points…