Stocks to buy today: Amber Enterprises, SBI and Sagility India on investors’ radar
Domestic markets ended flat in a volatile trade due to lack of fresh triggers. Amber Enterprises, SBI, and Sagility India were notable stocks, with analysts recommending buys at dips, highlighting potential for medium-term gains despite overbought conditions and selling pressures.
Ventive Hospitality IPO allotment expected soon: Check status, GMP, listing date and other details
The share allotment of Ventive Hospitality IPO is expected to be finalized soon. Investors can check their allotment status on the BSE website or Kfin Technologies website. The shares are likely to be listed on December 30. Ventive Hospitality received a good response with an overall subscription of over 10 times.
Most Asian stocks rise amid thin holiday trading
Japan’s Nikkei 25 Stock Average advanced for a second day, with retail shares rising after a travel pact was agreed with China. Australia and Hong Kong are still closed for the Christmas break. US equities were bolstered Tuesday by a rally in technology share, with the S&P 500 rising more than 1% amid thin trading.
Stakeholders seek rollback of TDS on listed bond coupons
While the policy is aimed at improving tax compliance, it has created unintended challenges for fixed-income investors, particularly retail participants, an official said on Tuesday.
India Cements’ Srinivasan, other promoters exit company board
The Aditya Birla Group firm has completed the acquisition of 10.13 crore equity shares of India Cements (ICL), representing 32.72% of the equity share capital of the company.
Farmers borrowing more from banks and are creditworthy, too
The number of farmers’ accounts opting for credit through institutional sources increased by 381 lakh from March 2020 to March 2024. A large number of urban labourers moved back to their rural homes postCovid, fostering growth in agricultural activities.
Weaker rupee boosts trade balance in the long run
Depreciation of the Rupee benefits India’s exports more than appreciation benefits importers, according to an RBI study. The Real Effective Exchange Rate indicates improved trade balance with Rupee depreciation and deterioration with appreciation. The study analysed 40-currency and 6-currency REER indices, reflecting dynamic patterns of India’s trade.
Groww, Zerodha parents, others set to invest Rs 238 crore in Metropolitan Exchange
The bourse in its board meeting on Tuesday approved the issuance of 119 crore shares to these investors at ₹2 apiece, in a fresh attempt to revive the beleaguered market intermediary.
Lenders show sustained profit growth amid fall in NIM pressure
The extent of net profit has improved significantly over the past few quarters. The sample’s net profit in the latest quarter was two-and-a-half times ₹36,741 crore reported in the September 2021 quarter.
MFs court investors with new themes; wealth managers advise small exposure
The chosen avenue for generating alpha, these funds opened a new plan almost weekly, on average, and drew record subscriptions, showed data from the Association of Mutual Funds of India (AMFI).