Shares of Honasa Consumer, which owns Mamearth, rallied 7% in Friday’s session on BSE to the day’s high of Rs 447.70 after reporting a net profit of Rs 30.4 crore for the quarter ended March 2024 against a loss of Rs 161.7 crore in the last year quarter. Honasa clocked its highest-ever profit during the … Read more
Shares of Zee Entertainment Enterprises rose nearly 3% to Rs 144.4 in Tuesday’s trade on BSE after the firm reported a profit of Rs 13 crore in the March quarter of FY24, after reporting a loss of Rs 196 crore in the year-ago period. Moreover, the company’s shares closed over 4% higher in a special … Read more
Mumbai: Piramal Capital and Housing Finance will add gold loans, micro business loans and unsecured microfinance loans to its portfolio next fiscal to broaden its consumer finance focus as it continues to move away from its original avatar as a real estate lender, a top official said. Though the new businesses have a higher risk … Read more
Nifty on Wednesday ended 22 points lower to form a Doji candle on the daily charts which indicates chances of a minor pullback rally. Minor degree positive chart patterns like higher tops and bottoms have been negated recently as per the daily chart. Hence, any upside bounce from here is expected to be a lower … Read more
Kolkata-based Baazar Style Retail, which is backed by ace investor Rekha Rakesh Jhunjhunwala, has filed a draft red herring prospectus (DRHP) with market regulator Sebi to raise funds through an IPO. The issue is a combination of a fresh equity sale worth Rs 185 crore and an (OFS) of 1.68 crore shares by promoters and … Read more
Mumbai: Closely held GMR Sports Venture, which partly owns Delhi Capitals cricket team, raised ₹1,000 crore three-year unlisted, unrated, secured bonds at 16% last week from JM Financial fund and Elham Credit Partners, a private credit fund owned by Hillhouse Investment, said people with knowledge of the matter. JSW GMR Cricket, a 50:50 JV between … Read more
Following the recent plunge in small-cap and mid-cap shares, ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 23% and 49% as per analysts’ price targets. Shriram Pistons & Rings BROKERAGE: EMKAY GLOBAL Price Target: Rs 2,450 CMP: Rs 1,647 Upside: 49% Initiate coverage with ‘buy’ … Read more
Nifty on Tuesday ended flat to form an indecisive Doji candle on the daily charts. The immediate resistance for Nifty is at 22,500, and a break above this on a closing basis would signal a resumption of the upward movement. Conversely, the immediate support is positioned at 22,200-22,150, and sustaining above this level could witness … Read more
There’s something about foreign institutional investors (FIIs) and election season. In all the last 5 election years, FII flows have been positive in the election quarter and, on an average, have improved in the next 3 months after the uncertainty eases. The impact of this seasonal trend can be already felt on Dalal Street this … Read more
Home Business Sebi Bars JM Financial From Managing New Bond Issuances After RBI Barred Company From Lending Against Shares & Debentures SEBI’s strict action was taken after it found serious lapses while JM Financial acted as a lead manager for a particular public issue, states report. JM Financial The SEBI on 7th March banned JM … Read more