Stock Markets News
Stock market today: Nifty 50, Sensex end flat ahead of US Fed meet outcome, 2W stocks shine
The Nifty 50 ended the session with a 0.14 per cent gain at 25,418 points, nearing an all-time high of 25,445 points during the session, with just 27 points away. The S&P BSE Sensex ended with a 0.13 per cent gain at 83,098 points, also hitting a new peak.
3 min read03:46 PM ISTJindal Steel & Power stock breaks downtrend, jumps 11% in Sep after 3-month slump. More gains ahead?
Jindal Steel & Power shares rose 11% to 1,051.95 in September, ending a three-month slump. Analysts predict continued growth, with potential to hit a new record high. Despite recent corrections, the stock has surged 1,000% since April 2020.
2 min read01:37 PM ISTMGL, IGL shares jump 6% each after UBS lifts target price, expects over 30% upside
UBS has upgraded the rating on IGL to ’buy’ from the previous rating of ’sell’ and also lifted its target price from ₹400 to ₹700. Similarly, it has increased the target price for Mahanagar Gas from ₹1,600 to ₹2,400 per share.
3 min read12:09 PM ISTDespite 170% gain in just 4 months, ICICI Sec sees further steam in Gravita India, lists 3 key drivers for future growth
Domestic brokerage firm ICICI Securities has lifted its target price on Gravita India to ₹3,265 per share, up from its previous target of ₹1,750, indicating a 28 per cent upside from the last closing price of ₹2,558 per share.
3 min read11:00 AM ISTPelatro IPO booked 0.43 times on Day 1, retail portion subscribed 0.79 times
The IPO received bids for 798,600 shares out of the 1,876,800 shares on offer, resulting in a subscription rate of 0.43 times. The company aims to raise ₹55.98 crore through this IPO, which consists entirely of a fresh issue of 2.799 million shares.
1 min read16 Sep 2024LIC Housing, PNB Housing shares dip up to 6.3% as Bajaj Housing Finance makes stellar debut
Bajaj Housing Finance, a key player in India’s housing sector, debuted on the NSE at ₹150 apiece, a 114.29 per cent premium over its IPO price. It garnered record subscriptions over ₹3 lakh crore, reflecting strong investor demand and positioning within the expanding housing finance market.
2 min read16 Sep 2024Zen Tech: After a 2,600% surge in 5 years, Nuvama projects 70% more upside for this small-cap defence stock
Zen Technologies is a dominant player in India’s defence sector, featuring high gross margins and a solid order book. Analysts predict significant growth for the stock, driven by government initiatives and its advanced technologies.
4 min read16 Sep 2024Arkade Developers IPO Day 1: GMP, subscription status, key dates, review, other details. Apply or not?
Arkade Developers IPO: Arkade Developers Ltd is set to launch its IPO, raising ₹410 crore with a share price range of ₹121-128. The public subscription opens on September 16 and closes on September 19, with 50% reserved for QIBs and 35% for retail investors.
4 min read16 Sep 2024Bajaj Housing Finance Share Price Updates: Stock ends at ₹165 apiece on NSE, 135.71% premium to IPO price
Bajaj Housing Finance Share Price Updates: Bajaj Housing Finance made a bumper debut on the bourses today. On NSE and BSE, the stock opened at ₹150 apiece, 114.29% higher than the issue price of ₹70. Check out stock market experts views, and other stock reaction details. ;
9 min read16 Sep 2024Stocks to Watch: Bajaj Housing Finance, Zee, Mazagon Dock, SpiceJet, and more
Here’s a quick look at stocks likely to be in focus in today’s trade.
2 min read16 Sep 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared