Piramal Enterprises’ board has approved raising up to ₹2,000 crore via NCDs. The fundraising will occur in tranches, with each debenture having a face value of ₹1,000. The company’s shares, which yielded 23% returns over the past year and 17% in 2024 so far, closed 2.5% lower at ₹1,093.65 on Friday.
Market Insights: Navigating weakness and opportunities across sectors
Indian markets exhibit weakness, with the Nifty and Bank Nifty facing selling pressure. FMCG stocks underperform, and sectors like banking remain weak pending broader market recovery. IT, pharma, and real estate show relative strength. Analysts recommend selling Hero MotoCorp, buying United Breweries, and buying Dr. Reddy’s.
Commodity Talk: 25% returns in CY24 so far, can gold hit Rs 1 lakh in 2025? Kaynat Chainwala answers
“Several factors contributed to this surge in Investor interest, including the US Federal Reserve’s rate cuts, escalating geopolitical tensions, and unprecedented demand from central banks.”
Defensives to banking: Where investors can find comfort in current market
“In the near term, defensives like pharma, IT, and consumer sectors might act as safe havens. These sectors have underperformed over the past two to two-and-a-half years. During this time, markets were driven by real estate, capital goods, defense, railways, and other capital formation-related stocks, many of which have moved ahead of fundamentals.”
Rupee dips to record intraday low of 85.10 vs US dollar, closes moderately stronger at 85.01
The Indian rupee depreciated to an all time low during the day, but ended slightly stronger at 85.01 per US dollar on a closing basis, due to the rebalancing of FTSE’s equity index and interventions from the Reserve Bank of India, traders said.
PVR Inox, United Breweries among 16 stocks to be excluded from F&O segment from Feb 28
The National Stock Exchange (NSE) has announced exclusion of 16 stocks from the futures & options (F&O) segment with effect from February 28, 2025 and no contracts will be available for trading from this date.
PVR Inox, United Breweries among 16 stocks to be excluded from F&O segment from Feb 28
The National Stock Exchange (NSE) has announced exclusion of 16 stocks from the futures & options (F&O) segment with effect from February 28, 2025 and no contracts will be available for trading from this date.
Outlook 2025: FMCG a space to avoid; you can bottom fish in Bandhan Bank, says Varun Saboo
Varun Saboo, Head-Equities at Anand Rathi Shares, predicts the Nifty will remain firm due to India’s superior growth rates. He advises caution in the FMCG sector, favors Bandhan Bank among struggling banks, and expresses optimism about two-wheelers and hospital stocks. He also sees potential in the QSR and online delivery platform sectors.
NITCO shares in focus after securing Rs 105 crore order from Prestige Group
Shares of tiles maker NITCO will be in focus on Thursday following the company’s announcement of a Rs 105 crore order from Bengaluru-based real estate firm Prestige Group. NITCO will supply tiles and marble for several Prestige Group projects across various cities.
EIH shares in focus after ITC acquires 2.44% stake
Shares of luxury hospitality company EIH Limited will be in focus on Thursday after ITC acquired a 2.44% stake in the company, representing over 1.5 crore equity shares. Additionally, ITC purchased a 0.53% stake in HLV Limited, equivalent to 34.60 lakh equity shares. EIH is part of The Oberoi Group, while HLV is associated with The Leela Mumbai. The acquisitions come as ITC announces a demerger of its hotels business.