India News

The fourth-generation Maruti Suzuki Swift is reportedly set to launch in May, with pre-bookings open at select dealerships for a token of ₹11,000. Details on pricing and delivery are pending.

Vodafone Idea FPO witnesses strong interest from QIBs on the first day, while retail segment lags. The company has already raised ₹5,400 crore from anchor investors in the country's largest FPO.

Goldman Sachs emphasizes India's power transmission role in energy transition, estimating over US$500 billion capital expenditure by FY50E. It identifies Power Grid Corp. as a major beneficiary with a 'Buy' rating and ₹355 TP. Hitachi Energy India also receives 'buy' rating with ₹8,250 TP.

SEBI gave its nod for trading in the futures and options (F&O) contracts on the Nifty Next 50 index which will start from Wednesday, April 24.

Varyaa Creations IPO priced at ₹150 per share opens on April 22 and closes on April 25. Lot size is 1,000 shares. Company trades in precious stones, plans to focus on jewellery production. Promoters have over 20 years of experience in the sector.

Stock market today: Sensex closed with a loss of 455 points, or 0.62 per cent, at 72,488.99 while the Nifty 50 ended the day at 21,995.85, down 152 points, or 0.69 per cent.

Vijay Kedia portfolio: As of 31st March 2024, the ace investor of the Indian stock market owns a 1% stake in ‘Club Mahindra’ owner company

Once a penny stock, Jhandewalas Foods has given multifold returns to its investors in the last 1 year. The stock has skyrocketed over 1,932% in this period to currently trade at ₹139.31. Meanwhile, in 2024 year-to-date (YTD), the stock has also given multibagger returns, rallying 310%.

Multibagger stock: Oriana Power Limited has witnessed a remarkable growth in its stock price, delivering more than 1,000% return in a short span. The company's focus on renewable energy is evident through its recent project wins, reinforcing its position in the industry.

Sanghvi Movers, a leading crane rental company, has delivered consistent growth. Over the last 4 years, the company shares have climbed from ₹46.15 apiece to the current trading price of ₹1,323, resulting in a gain of 2765%. It finished CY23 with a stellar return of 152%.