Gujarat Toolroom shares surged 5% to Rs 18.08 after announcing a 5:1 bonus share issue in its upcoming board meeting. This would be the company's first-ever bonus issue, subject to shareholder approval.
Shares of Supreme Power Equipment rose 2.3% on the NSE after securing a Rs 3.63 crore order from TRANTRANSCO. The company, a leading manufacturer of power transformers, will execute the order in three months. This significant order is expected to boost revenue and strengthen their relationship with TRANTRANSCO.
We are constructive on markets and believe the recent correction offers a good entry point to start accumulation for long term wealth generation. With modest ~7% growth expectations in Nifty earnings for FY25E (on a high base), we expect Nifty to resume its double-digit earnings growth trajectory with earnings over FY25-27E expected to grow at a CAGR of 15%.
In the Nifty500 pack, nine stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on January 1, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Lenders have argued that such investments are highly liquid, comparable to lower-quality assets and that their inclusion in liquidity calculations could reduce the share of deposits banks must allocate for liquidity ratios, thereby freeing up capital for lending, they said.
Given the sustained flow of companies filing draft red herring prospectus (DRHPs) with the markets regulator as a part of the IPO launch process, the domestic primary market is likely to remain a major route of equity investment for foreign investors in 2025 as well.
The rupee closed at 85.645 against the US dollar, down from its close of 85.615/$1 in the previous session, LSEG data showed. The currency closed at record low levels for the seventh consecutive session.
He recommends using any correction in gold prices in the short term as an opportunity to buy, and following a staggered approach to accumulate gold over the next few months.
