Hence, we expect segments with high valuations to undergo consolidation in the near term, if it lacks new earning growth triggers. While we continue to find opportunities across the markets, we believe individual stock picking will be important in this market.
On Monday, the National Investigation Agency (NIA) conducted searches in Chatra district, Jharkhand, in connection with a CPI (Maoist) splinter group conspiracy case. Officials seized several mobile phones and SIM cards. This operation is part of an investigation into extortion, levy collection, and money laundering activities by the TSPC, a CPI (Maoist) splinter group.
Authorities are investigating the Jeju Air crash at Muan International Airport in South Korea. They are focusing on bird strikes, control systems, and runway design. Families of the victims are demanding faster identification of bodies and more information. Inspections of all B737-800s operated by South Korean airlines will be completed soon. The airport remains closed.
Shares of RVNL have increased by 125% and 124% in the last one year and in the current calendar year, However, in the last 6 months, the stock has fallen by approximately 23% in the last 3 months and by 1.8% in the last 6 months.
Motilal Oswal recommends buying JSW Infrastructure with a target price of Rs 375. Current price is Rs 322.2. JSW Infra is set to expand with strong growth in volumes, revenue, and EBITDA. The company’s financials show stable growth, promising a 19% CAGR in revenue and a 20% CAGR in EBITDA from FY24-27, reinforcing market dominance.
Australia is one win away from securing a spot in the World Test Championship 2025 final. India and Sri Lanka also have chances but need favorable outcomes. Australia leads after a win over India in Melbourne. South Africa has already qualified. New Zealand and Pakistan face challenging paths to the final.
Mazagon Dock Shipbuilders shares rose 4.6% following the signing of two major defense contracts worth Rs 2,867 crore. These contracts, aimed at enhancing the Indian Navy's submarine capabilities, include an AIP system integration and an EHWT system, boosting both stealth and firepower.
The government alleges that Dave misled consumers by deceptively advertising its cash advances, charging hidden fees, misrepresenting how Dave uses customers' tips and charging recurring monthly fees without providing a simple mechanism to cancel them.
In 2024, the Indian Space Research Organisation (ISRO) showcased remarkable achievements that elevated India’s status in global space exploration. From groundbreaking satellite launches to advancements in reusable launch vehicles and preparations for the Gaganyaan human spaceflight mission, ISRO achieved major milestones. The year also saw progress in interplanetary missions and the development of India's first space station. These accomplishments reflect India’s growing expertise and ambition in the space sector.
Easemytrip share price: Easy Trip Planners shares dropped nearly 10% after co-founder Nishant Pitti decided to sell his remaining 14.21% stake for Rs 780 crore through a block deal. Institutional investors are reportedly interested in purchasing the shares. The company recently expanded its franchise network with a new store in Chhattisgarh.
Samsung, which had previously invested in the robotics company, newly took a 267 billion won ($181 million) stake, the filing said. With the acquisition, Samsung is also establishing a Future Robotics Office reporting directly to the CEO, the tech giant said in a separate statement.
Adani Wilmar Share Price: Adani Enterprises plans to sell its 44% stake in Adani Wilmar through a $2 billion deal with Wilmar International. The sale will be divided, with 13% sold to the public and 31% to Wilmar. The funds will focus on core infrastructure projects. Adani Wilmar shares saw a decline following the news.
Technichem Organics' SME IPO is open for subscription, aiming to raise Rs 25.25 crore through a fresh issue. The price band is set at Rs 52-55 per share. Retail investors need a minimum investment of Rs 1.10 lakh. The shares will be listed on the BSE SME platform on January 7.
Ruling NC legislator Tanvir Sadiq and CPI (M) have criticized the BJP for not restoring public holidays on Sheikh Muhammad Abdullah's birth anniversary and Martyrs Day of Kashmir in the 2025 calendar. They argue this move seeks to erase significant historical events and communal harmony.