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Overnight Digest: Top 5 mid and small-cap stocks to watch out for January 8, 2024

Overnight Digest: Top 5 mid and small-cap stocks to watch out for January 8, 2024

5 January 2024

On Friday, the main stock market indices in India had a positive day. The Sensex, which represents large companies, increased by 0.25% and closed at 72,026.15, while the Nifty, representing major companies on the National Stock Exchange, rose by 0.24% and closed at 21,710.80. The broader market also saw gains, with the Nifty Midcap going …

HDFC Bank Q3 Update: Gross advances jump 62% YoY to Rs 24.69 lakh crore

HDFC Bank Q3 Update: Gross advances jump 62% YoY to Rs 24.69 lakh crore

5 January 2024

HDFC Bank has delivered a stellar performance in its December quarter results, with some impressive numbers across the board. Let’s break it down in a way that’s easy to understand, even for finance newbies. Loans on Fire Imagine the bank’s loan book as a pile of money it lends out. This pile grew a whopping …

Shares of Wardwizard ride high on reporting sales surge in December of Joy E-bike

Shares of Wardwizard ride high on reporting sales surge in December of Joy E-bike

5 January 2024

About expansion and Sales Joy e-bike, the flagship brand of Wardwizard Innovations & Mobility Limited, is revving up for a stellar future following a December sales surge of 38%. With 3,543 units dispatched, the electric two-wheeler giant outpaced its November performance and capped off a phenomenal year with 23,926 units sold in CY 2023. This …

Breakout stocks of the day: Genesys International and BEML

Breakout stocks of the day: Genesys International and BEML

5 January 2024

With price volume support, Genesys International and BEML have strong bullish breakout potential. The stock price has displayed a flag & pole chart pattern breakout and is presently trading at Rs 466 and Rs 3,043. The breakout corresponds to the RSI, ADX, and other technical analysis indicators. Genesys International Corp Ltd   Daily chart of Genesys …

Top 3 breakout stocks trading below Rs 100

Top 3 breakout stocks trading below Rs 100

5 January 2024

These three equities gained significantly during Friday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. TransIndia Real Estate Ltd Shares of TransIndia Real Estate experienced a notable volume price breakout, coupled with an asymmetrical triangle breakout. Currently priced at Rs 54.05, the stock has witnessed a substantial surge in trading activity today. The …

Grasim Industries Announces Rights Issue Price Set at Rs 1812 per Share

Grasim Industries Announces Rights Issue Price Set at Rs 1812 per Share

5 January 2024

Grasim Industries, the flagship company of the Aditya Birla Group, has set the price for its rights issue, approved in October 2023, at Rs 1,812 per equity share. The company aims to raise approximately Rs 4,000 crore to support ongoing capital expenditures and repay existing borrowings. About the rights issue As per the details provided …

These 3 stocks from BSE 500 jumped over 6% today, 5 January 2024

These 3 stocks from BSE 500 jumped over 6% today, 5 January 2024

5 January 2024

The benchmark index S&P BSE 500 opened today at 31,002.43 and made its day high at 31,047.46 and it is trading in green today, up by more than 0.25%                         From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more …

Hindustan Aeronautics crosses Rs 2 lakh crore market cap; Stock hits 52-week high

Hindustan Aeronautics crosses Rs 2 lakh crore market cap; Stock hits 52-week high

5 January 2024

Hindustan Aeronautics Limited (HAL) has witnessed a significant market cap surge, crossing Rs 2,00,000 crore, following UBS’s initiation of coverage. The stock hit its 52-week high price of Rs 3,079 which reflects the market’s positive response to UBS’s comprehensive report on HAL’s growth potential. UBS Report Highlights UBS’s coverage report sheds light on HAL’s sharpened …

Demat mania: As Indian markets boom, new investors flood in december 2023

Demat mania: As Indian markets boom, new investors flood in december 2023

5 January 2024

The Indian stock market is on fire! December saw a record-breaking surge in new investors opening demat accounts, exceeding 41.78 lakh – that’s almost 4.2 million! This isn’t just a blip on the radar, it’s a full-blown stampede. Total demat accounts crossed 13.93 crore, marking a significant jump from a year ago. So, what’s driving …

From Rs 50 to 50x: This realty company generated an exceptional return for its shareholders

From Rs 50 to 50x: This realty company generated an exceptional return for its shareholders

5 January 2024

Phoenix Mills Limited is engaged in the operation and management of malls, construction of commercial and residential properties, as well as hotel business in India. The company’s stocks have generated exceptional wealth for their shareholders. Today, stocks have touched a significant milestone of Rs 2,500 each. At the start of the day’s trading session, the …

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