India considers tax cut on Soybean and Sunflower oil to cool prices

India is considering cutting an import levy on soybean and sunflower oils, another step in a series of measures the country has taken to cool surging local prices of food. The government is deliberating whether to reduce the agriculture infrastructure and development cess, which is currently 5%, or abolish it, according to a person familiar […]

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Rakesh Jhunjhunwala portfolio: ICICI Securities has ‘Buy’ on Tata Group stock

Domestic brokerage and research firm ICICI Securities believes that the growth and margin targets set by Indian Hotels’ management are realistic and the brokerage estimates FY23E consolidated revenue to grow 56% and FY24E revenue to grow 18% year-on-year (YoY) at an EBITDA margin of 32%.  The brokerage house has reiterated its Buy rating on Indian […]

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This Tata group stock is trading 16% low from its 52 week high: Should you buy?

Tata Chemicals Ltd is a mid-cap company in the chemical industry with a market capitalization of ₹24,660 Cr. The company is Asia’s largest saltworks, as well as the world’s third-largest soda ash and sixth-largest sodium bicarbonate maker. Tata Chemicals has two divisions: Basic Chemistry and Specialty Chemistry. Many of the world’s major brands for glass, […]

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India could restrict sugar exports to 10 million tonnes: Report

To prevent a surge in domestic prices, India is expected to restrict sugar exports for the first time in six years, potentially capping this season’s exports at 10 million tonnes, according to a Reuters report on Tuesday. India, the world’s biggest sugar producer and the second biggest exporter behind Brazil, has exported 75 lakh tonnes […]

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‘Indian investors moving away from plain vanilla market beta strategies’

Koel Ghosh, head–South Asia, S&P Dow Jones Indices says market participants in India have signalled interest in factor-based indices, by moving away from plain vanilla market beta strategies and investing in multi-asset or thematic strategies such as environmental social and governance (ESG), metaverse and crypto. In an interview with Mint, she added that diversification will […]

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OYO plans IPO after September, may settle for lower valuation

New Delhi: Hospitality and travel-tech firm OYO is looking to launch its initial public offer after September and has written to stock market regulator Sebi, seeking to file updated and restated consolidated financial information. The company, which had filed preliminary papers with Sebi to raise ₹8,430 crore through an initial share sale in October last […]

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Multibagger stock to consider bonus shares issue, board meet tomorrow

Xpro India’s board will meet on Wednesday, May 25, 2022 to consider the issuance of bonus equity shares, subject to requisite approvals, along with dividend, if any, and financial results for for the quarter and year ended March 31, 2022. “A meeting of the Board of Directors of the Company will be held May 25 […]

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LIC to consider dividend along with Q4 results next week

Life Insurance Corporation of India (LIC) on Tuesday informed that its board will meet next week on Monday to consider and approve the audited Annual Financial Results (standalone and consolidated) for the quarter/year ended on March 31, 2022 and also payment of dividend, if any. “It is informed that a meeting of the Board of […]

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Ethos IPO: Latest GMP, how to check share allotment status online

The initial public offer (IPO) of luxury and premium watch retail player Ethos got fully subscribed on the last day of subscription on Friday. The ₹472 crore IPO received bids for 41,38,650 shares against 39,79,957 shares on offer, translating into 1.04 times subscription. The portion for non-institutional investors received 1.48 times subscription, while the category […]

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The 10 best penny stocks in India to add to your watchlist

If bluechip stocks are taken to the cleaners, imagine the phase which penny stocks must have been going through. The most popular category of stocks, the penny stocks, are also losing traction among investors due to extreme market volatility. Penny stocks are very volatile in nature and could either lift up or create an irreparable […]

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