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By Manick Wadhwa
As India’s SME IPO market thrives after a stellar 2023, all eyes are on the 2024 union Budget to address credit challenges, drive innovation, and fuel sector-specific growth, charting a transformative path for SMEs. In the vibrant landscape of India’s SME IPO market, 2023 emerged as a stellar year, witnessing an unprecedented surge with 162 companies going public. The sector’s resilience, evidenced by a 75% success rate, showcased its maturity and garnered…
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Stock to BUY: After the third quarter results, the brokerage has advised to buy power generation and distribution company CESC Ltd. This week, this share closed at the level of Rs 138.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGRecently, the company has also reported its Q3 results, giving a dividend of 450 per cent to its investors.
Read about what brokerage Elara Capital has recommended about its stock target, and what is the record date for the dividend.
CESC Share Price Target
After the…
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Buy or sell: Ruchit Jain recommends these two stocks to buy next week | Mint Mint
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Despite an already strong run, Thomas Scott (India) Limited (NSE:THOMASCOTT) shares have been powering on, with a gain of 27% in the last thirty days. This latest share price bounce rounds out a remarkable 514% gain over the last twelve months. Since its price has surged higher, given around half the companies in India have price-to-earnings ratios (or “P/E’s”) below 31x, you may consider Thomas Scott (India) as a stock to potentially avoid with its 44x P/E ratio. Although, it’s not wise…
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Prime Minister Narendra Modi will inaugurate the temple devoted to Lord RamA bunch of small stocks expected to gain big from the opening of the Ram Temple in Ayodhya have emerged as winners.Shares of companies linked to the development of Ayodhya have risen on the prospects of the temple town becoming a religious tourism destination. Praveg Ltd., which has set up luxury tents near Ayodhya, and Allied Digital Services Ltd., which got a contract for CCTV surveillance network, have both soared…
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Updated Jan 20, 2024, 06:13 PM ISTIRFC has the potential to enjoy a substantial monopoly in its segment, whereas the market valuation of this stock is significantly low compared to its book value. As a result, the scope for investment is high and pretty lucrative. IRFC Share Price Target 2024, IRFC Share Price Today News NSE BSE, IRFC Share Price History, IRFC Dividend History, IRFC Dividen Yield and more – check all details here. IRFC Share Price Target 2024: Back-to-Back Upper Circuit;…
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The macroeconomic challenges of the past couple of years are beginning to fade, and investors are looking to the future. After the Nasdaq Composite plunged in 2022, suffering its worst performance since 2008, the index enjoyed a robust recovery in 2023 and gained 43%.
There could be more to come. Since the Nasdaq Composite began trading in 1972, in every year following a market recovery, the tech-heavy index rose again — and those second-year gains averaged 19%. The economy is the wildcard…
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Source: https://www.fool.com/investing/2024/01/20/history-suggests-the-nasdaq-will-surge-in-2024-my/
New Delhi: ICICI Bank, India’s second largest private sector lender, on Saturday reported its December quarter earnings performance. Standalone net profit at ₹10,272 crore, up nearly 24% year-on-year but flat sequentially, surpassed analysts’ estimates of ₹9,950 crore, as polled by Bloomberg.
Here…
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It’s 2024, and the stock market has been fascinated with artificial intelligence (AI) for a full year now. Stocks seen as direct plays on the AI trend have skyrocketed, especially if they have an early lead in some subsector of the AI revolution.
For instance, shares of AI-chip pioneer Nvidia (NVDA 4.17%) have more than tripled in 52 weeks. AI-based cybersecurity expert CrowdStrike Holdings (CRWD 2.62%) soared 177% higher over the same period. Data analytics specialist Palantir (PLTR 2.32%)…
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Source: https://www.fool.com/investing/2024/01/20/why-ibm-is-the-ai-stock-to-buy-for-2024/
As many as 50 smallcap stocks logged a double digit rise in their stock prices – in the range of 10-60 per cent last week, outperforming the 30-share BSE Sensex which posted its worst week in over two months. The broader indices comfortably achieved weekly gain of over one per cent, driven by a sharp rally by railway public-sector undertaking (PSU) stocks.
