Stocks/Share Market - Angel One

The stock of TCS rose 2% in early trading on January 13 after India’s most important IT services business posted stronger results for the quarter ending December 2021 and announced an interim dividend and share repurchase. Tata Consultancy Services announced a consolidated net profit of Rs 9,769 crore for the quarter ending December 2021 on …

The USA-based private equity firm Blackstone has sold its stake in the Mindspace Business Park REIT. One of the leading owners of commercial office space in this country, Blackstone Group, has exited from this investment through the sale of its 9.2% stake to the sovereign fund of Abu Dhabi, i.e. Abu Dhabi Investment Authority. Furthermore, …

International brokerage firm Macquarie has maintained its lowest rating for Paytm’s parent firm One97 Communications Limited. Macquarie has retained such a rating even two months after Paytm’s debut on the stock market. The firm has retained its ‘Underperform’ rating for Paytm stock and has lowered its target price to Rs. 900 for each share. This …

A Closer Look The Midcap Select Index from Nifty focuses on tracking a portfolio of 25 stocks in Nifty Midcap’s 150 index and how they perform. NSE also mentioned in its statement that every stock that an index constitutes is also available in derivatives. Additionally, their weight depends on the method of free-float market capitalization. …

On Tuesday, January 11, 2022, Vodafone Idea made a regulatory filing in which they mentioned the board of directors’ approval to convert the whole amount of AGR dues and interest on spectrum installments into equity. Pursuant to such conversion, the Government of India will hold the stakes in Vodafone Idea. However, the operations will remain …

Indian stock markets started trading in the red on Thursday, 6 January 2022, amidst rising COVID-19 cases and a hawkish stance by the US Feds. As of 11:33 PM, NSE Nifty50 went down 223.75 points (1.25%) to 17,701 while S&P BSE Sensex went down 781 points (1.30%) to 59,442.09. The broader market mirrored these losses …

On January 5, Indian benchmark stock indexes resumed their bull run for the fourth consecutive day, with the Sensex regaining the key 60,000 levels after a downturn that began in October last year. The 30 share index hit an intraday high of 60,332.72, while the NSE Nifty index rose to 17,944.70. Investors praised the GST …

Listed companies in India often undertake corporate actions such as issuing bonus shares and stock splits. Both these steps increase the number of shares in the market while reducing the shares’ prices. As 2022 begins, these listed companies will likely announce bonus shares and stock splits in the next few weeks. SBC Exports, IPCA Laboratories …

The calendar year of 2021 has been the one to note for India’s stock market as the total funds accumulated via IPOs have eclipsed all former records. Additionally, this year witnessed the debut of the highest ever public offering from Paytm (around Rs.18,000 crores). It may be, however, surpassed by the IPO of LIC when …

On Tuesday, traders on Dalal Street continued to shrug off fast escalating pandemic cases and tightening restrictions by purchasing power and financial stocks, sending benchmark indexes up for the third day in a row. If daily virus cases exceed 20,000, Mumbai will impose a lockdown, while Delhi would impose a weekend curfew. Other states are …