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Lloyds Enterprises: Up 2337%, this penny stock turned ₹1 lakh into ₹24 lakh in 4 years

Penny stock Lloyds Enterprises has posted multibagger returns in the last 4 years, rising from ₹1.19 in March 2020 to around ₹28.8 currently. This implies a return of almost 2337%. An investment of ₹1 lakh in this stock in March 2020 would have turned into over ₹24 lakh now. Lloyds Enterprises Limited trades in iron and steel products in India. It also designs and manufactures heavy equipment, machinery, and…

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Markets

Weekend Wrap: From Zomato to Torrent Power, top market movers this week

Top News SEBI in a circular launched beta version of T+0 settlement cycle on an optional basis in the equity cash market, for a limited set of 25 scrips with a limited number of brokers. This option will be available for trades done only till 1.30 pm starting from Mar 28, 2024. SEBI instructs AMCs to cease accepting new investments in funds targeting investment in overseas ETFs effective April…

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Markets

Before Market Opens: 9 essential things to know at 9 am on March 22, 2024

Before Market Opens: Indian markets are likely to open ona positive note on Friday following gains in Asian peers after Wall Street hit record closing highs on rate-cut optimism. Meanwhile, Gift Nifty was trading 15 points higher, indicating a positive start for benchmark Nifty. Let’s take a look at some key cues before the market opens today: View Full Image Wall Street (REUTERS) Wall Street’s three major stock indexes…

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Markets

Paytm share price jumps 5% after hitting upper circuits for 2 days in a row

Paytm share price opened at ₹415.60 against its previous close of ₹405.85 and rose 4.93 per cent to hit its intraday high of ₹425.85. Around 12:15 pm, the stock traded nearly 3.45 per cent up at ₹419.85, indicating a potential continuation of its upward trend for the fourth consecutive session. Paytm share price hit its 52-week low of ₹318.35 on February 16, 2024, after the RBI’s action against Paytm…

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Markets

Why Dalal Street’s one-time darlings are struggling to keep the romance going

HDFC Bank, HUL and Asian Paints have for long been the undisputed leaders of their industries. But the stocks’ recent spell of underperformance has starkly demonstrated the market’s most pervasive disclaimer—past performance is no guarantee of future results. And yes, size does matter. Source link

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Markets

KPI Green Energy share price hits 5% upper circuit

KPI Green Energy share price hit its 5 per cent upper circuit of ₹1,526 in early trade on BSE on Monday, March 18. (More to come) Milestone Alert! Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more. Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just…

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Markets

Bank stocks including SBI lead Sensex lower

The benchmark S&P BSE Sensex was dragged lower on March 11 by banking stocks, including State Bank of India and HDFC Bank, and industrial counters, snapping two straight sessions of gains. The Sensex fell 616.75 points, or 0.83%, to 73,502.64. While Power Grid and Tata Steel were the biggest losers on the gauge, sliding 2.41% and 2.38%, respectively, SBI fell 1.86% with sentiment in the stock likely hit after…

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Markets

Foreign investors tap smaller firms to seek winners in booming Indian market

Overseas investors looking to boost returns in India’s booming stock market are increasing exposure to small- and mid-cap companies that are outperforming larger peers. The number of firms with more than 10% overseas shareholding rose to 275 on the BSE 500 Index as of December-end, versus 257 a year ago, according to a Bloomberg analysis of foreign institutional ownership data. The increase was largely fueled by minnows. Efforts to…

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Markets

Trading below IPO price, 3 brokerages rate FedFina ‘buy’, see up to 47% upside

Currently trading at ₹125, FedFina is down almost 11 percent from its issue price. The stock witnessed a weak debut and was listed on the bourses at ₹137.7 on November 30. The stock has gained around 5 percent in March so far, snapping 3 months of losses. It fell 9 percent in February 2024, 3.5 percent in January 2024 and 3 percent in December 2023. The stock is currently…

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Markets

Power Sector: Is it heading towards another collapse?

The brokerage is overweight on NTPC, PowerGrid, and ReNew while retaining an underweight rating on IEX and Adani Green. View Full Image Source: Bernstein In the report, the brokerage delved into the previous cycle to understand its collapse and identify key indicators for the current cycle. As per the brokerage, one of the most telling signs of a downturn in the power sector is the movement of merchant power…

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Markets

Tech Giants Drag Down US Stocks After Torrid Rally: Markets Wrap

Equities lost traction after a rally that has spurred concern about sky-high valuations — especially in megacaps, leaving the group vulnerable to big moves in the face of bad news. Apple Inc.’s iPhone woes in China deepened, while Advanced Micro Devices Inc. hit a US roadblock in selling an artificial-intelligence chip to the Asian nation. And Tesla Inc. extended its rout as China shipments slumped. Bullish positioning in US…

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Markets

Stock markets snap 4-day winning run on weak global trends

A man walks past the bull statue at BSE building in Mumbai. File | Photo Credit: PTI Benchmark Sensex declined by 195 points on Tuesday, snapping its four-day gaining streak due to selling in IT shares and index heavyweight Reliance Industries amid weak trends from global markets and foreign fund outflows. Taking a breather after a record-breaking rally, the 30-share BSE Sensex declined by 195.16 points or 0.26% to…

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Markets

Stock market today: Nifty 50, Sensex end higher for 4th consecutive session

Stock market today: Extending gains into the fourth consecutive session, frontline indices the Sensex and the Nifty 50 ended at their fresh closing highs on Monday, March 4. Despite touching new closing highs, market benchmarks saw modest gains due to mixed global cues and the absence of significant triggers. The market lacks fresh triggers at this juncture which is keeping it in a range. Experts point out that most…

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Markets

Sensex, Nifty hit record high levels on impressive GDP data, foreign fund inflows

A rally in global markets added to the positive momentum in the equity markets. File. | Photo Credit: SHASHI ASHIWAL Benchmark equity indices Sensex and Nifty rallied more than one-and-a-half per cent to hit their lifetime highs on March 1 helped by impressive GDP data and fresh foreign fund inflows. The 30-share BSE Sensex jumped 1,245.05 points or 1.72% to reach 73,745.35 — its all-time closing peak. During the…

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Markets

Market not in a bubble says Ray Dalio, Magnificent Seven frothy on AI concerns

Sharing his “bubble gauge” about the current market trends, Bridgewater Associates founder Ray Dalio has in a LinkedIn post titled ‘Are We in a Stock Market Bubble?’, determined that we are not. Dalio harked back to his over 50 years of experience in investing and said he used this expertise to identify what makes a bubble and whether the current conditions qualify for market trends and stocks. According to…

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Markets

Stock markets stay flat amid highly volatile trade

The BSE benchmark climbed 305.09 points or 0.42% to settle at 73,095.22 on Tuesday. The Nifty ended 76.30 points or 0.34% up at 22,198.35. File. | Photo Credit: Vivek Bendre Equity benchmark indices Sensex and Nifty started the trade on an optimistic note on February 28 but later quoted flat in a highly volatile trade amid mixed global market cues. Derivatives expiry on Thursday also fuelled volatility in the…

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Markets

Asia Set for Muted Open; US Bond Sales in Focus: Markets Wrap

(Bloomberg) — Stocks were poised for a muted open in Asia after the S&P 500 nudged higher. Wall Street saw another busy session of bond sales as issuers looked to borrow before key economic data later this week. Futures for equity benchmarks in Sydney and Hong Kong edged up, with those for Tokyo little changed. The S&P 500 advanced even after consumer confidence fell for the first time in…

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