niftify.in

Business Standard

Firstscource Solutions gains after setting up offices in Australia, New Zealand

Firstsource Solutions advanced 1.48% to Rs 306.05 after the company set up its operations in Australia and New Zealand to be headquartered in Victoria.

Business Standard

Geojit Financial Services Ltd leads losers in 'B' group

Biofil Chemicals & Pharmaceuticals Ltd, Vimta Labs Ltd, Ruchira Papers Ltd and Sportking India Ltd are among the other losers in the BSE's 'B' group today, 17 September 2024.

Business Line

Geojit Financial Services’ stock plunges 6.42% amid rights issue plans

The company’s decision to launch the rights issue, approved by the Board of Directors, follows strong Q1 FY 2024-25 results, with a significant increase in consolidated net profit and revenue

Business Standard

Firstsource Solutions share price up 4% on inking pact with Microsoft

The uptick in Firstsource Solutions share price came after the company announced that it has inked a pact with Microsoft to deliver cutting-edge digital transformation services to clients worldwide.

CNBC TV18

Reliance Infra, TVS Motor, JK Tyre, Vedanta, Firstsource and more: Top stocks to watch out for on September 17

stocks to watch, Reliance Infrastructure, TVS Motor, JK Tyre & Industries, Vedanta, Firstsource Solutions and more, these are the stocks to watch for today.

CNBC TV18

Firstsource Solutions partners with Microsoft to offer AI-driven digital transformation services

These solutions will offer a multi-modal, multi-channel search experience. Shares of Firstsource Solutions ended at ₹307.35, down by ₹3.80, or 1.22%, on the BSE.

Business Standard

FPIs inject Rs 27,856 cr in equities in Sept on US rate cut expectations

Foreign investors have infused Rs 27,856 crore in domestic equities in the first fortnight this month, owing to the resilience of the Indian market and growing optimism around the potential interest rate cut in the US. Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they pulled out Rs 34,252 crore in April-May. With the focus shifting to the US Federal Reserve's decision on interest rates in its upcoming FOMC meeting next week, its outcome will likely play a pivotal role in shaping the trajectory of future FPIs investments in Indian equities, Himanshu Srivastava, Associate Director- Manager Research, Morningstar Investment Research India, said. According to the data with the depositories, FPIs put in a net investment of Rs 27,856 crore into equities this month (till September 13). With this, FPIs' investment in equities reached Rs 70,737 crore so far this year. VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services

The Economic Times

LTIMindtree, Max Financial Services among 5 stocks with long buildup

A long buildup signals bullish trends with rising open interest and volumes. On Friday, five stocks saw fresh long positions.

Mint

Ganesh Chaturthi 2024: Geojit Financial Services recommends these two stocks to buy on Monday — Sept 9

Ganesh Chaturthi Stocks Picks: Geojit Financial Services expert recommends two stocks to buy on Monday — Indian Bank, Dilip Buildcon

Business Standard

Max Financial Services promoter firm sells 3.19% stake to repay debt

Max Financial Services on Friday said its promoter group firm has sold a 3.19 per cent stake to repay their debt. Max Ventures Investment Holdings Pvt Ltd, a promoter company of Max Financial Services Ltd, sold 1.10 crore equity shares or 3.19 per cent in Max Financial Services on September 5. "The promoters have cleared all its debt and the pledge of shares held by the promoter in the target company (Max Financial Services) will be Nil," Max Financial said in a BSE filing. After the share sale, Max Ventures Investment Holdings Pvt Ltd's stake was reduced to 3.22 per cent from 6.40 per cent in Max Financial Services.

The Economic Times

Max Fin Services promoter firm sells 3.19 pc stake to repay debt

Max Financial Services on Friday said its promoter group firm has sold a 3.19 per cent stake to repay their debt. Max Ventures Investment Holdings Pvt Ltd, a promoter company of Max Financial Services Ltd, sold 1.10 crore equity shares or 3.19 per cent in Max Financial Services on September 5.

Business Standard

Max Financial Services' promoter sells 3.18% stake for Rs 1,218 cr

Max Ventures Investment Holdings, a promoter entity of Max Financial Services, on Thursday divested a 3.18 per cent stake in the company for Rs 1,218 crore through an open market transaction. Analjit Singh-promoted Max Financial Services Ltd (MFSL), a part of the Max Group, is the holding company for Max Life Insurance. According to the bulk deal data available on the National Stock Exchange (NSE), Max Ventures Investment Holdings sold a total of 1,10,00,000 shares amounting to a 3.18 per cent stake in Noida-based Max Financial Services. The shares were disposed of at an average price of Rs 1,107.37 apiece, taking the transaction value to Rs 1,218.11 crore. After the latest transaction, the combined shareholding of promoters in MFSL has declined to 3.34 per cent from 6.52 per cent. Details of the buyers of Max Financial Services' shares could not be ascertained. Shares of Max Financial Services Ltd fell 1.42 per cent to close at Rs 1,117.25 apiece on the NSE. In August last year

CNBC TV18

Max Financial Services Block Deal | 4.3% equity worth ₹1,637 crore changes hands

Max Financial Services Share Price | Max Financial shares slipped in trade after a large trade in the stock. The official buyers and sellers of the transaction are not yet known.

Business Standard

Jhunjhunwala portfolio: This brokerage's stock has zoomed 53% in 3 weeks

Shares of Geojit Financial Services hit a record high of Rs 154.60, after surging 14 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes.

Mint

Rakesh Jhunjhunwala Multibagger stocks- Geojit, NCC are among 4 key stocks having returned up to 123% over last year

Rakesh Jhunjhunwala Stocks: Geojit Financial Services, Raghav Productivity Enhancers Ltd, Jubilant Pharmova , NCC Ltd are the stocks in the Rakesh Jhunjhunwala and Associates Portfolio that have given Multibagger returns during last one year. Check details change in shareholdings.

Business Standard

FPIs turn net sellers, withdraw Rs 13,400 cr from equities so far in Aug

After infusing money during the last two months, foreign investors have turned net sellers as they pulled out over Rs 13,400 crore from Indian equities in August so far due to unwinding of the yen carry trade and recession fears in the US. So far this year, FPIs have made a net investment of Rs 22,134 crore in equities, data with the depositories showed. Going forward, if the market continues to rise, FPIs are likely to press more sales since Indian stock valuations continue to remain elevated, particularly in relation to valuations in other markets, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. According to the data, Foreign Portfolio Investors (FPIs) withdrew a net amount of Rs 13,431 crore from equities so far this month (August 1-9). This came following an inflow of Rs 32,365 crore in July on expectation of sustained economic growth, continued reforms and better-than-expected earnings season, and Rs 26,565 crore in June driven by political ...

The Economic Times

FPIs turn net sellers; withdraw Rs 13,400 crore from equities in Aug

​Going forward, if the market continues to rise, FPIs are likely to press more sales since Indian stock valuations continue to remain elevated, particularly in relation to valuations in other markets, V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Business Line

Share Market Highlights 8 August 2024: Sensex, Nifty tumble nearly 1% post RBI monetary policy decision

Sensex, Nifty updates on 8 August 2024: Equity benchmark indices Sensex and Nifty closed nearly 1 per cent down on Thursday after the Reserve Bank of India decided to keep the policy rate unchanged for the ninth time in a row, saying food inflation remains stubborn. The 30-share BSE Sensex declined by 581.79 points or 0.73 per cent to settle at 78,886.22 in a volatile trade. During the day, it tumbled 669.07 points or 0.84 per cent to 78,798.94. After a day’s breather, the NSE Nifty retreated to close lower by 180.50 points or 0.74 per cent to 24,117. During the day, it tanked 217.8 points or 0.89 per cent to 24,079.70. The Reserve Bank of India on Thursday expectedly kept the benchmark interest rate and stance unchanged for the ninth straight policy meeting, saying it cannot afford to look through persisting high food inflation and has to remain vigilant to prevent spillover. Retaining its unambiguous focus on inflation, the Monetary Policy Committee (MPC), which consists of three RBI and three external members, kept the benchmark repurchase or repo rate unchanged at 6.50 per cent. The panel, whose four-year term ends in October, also decided to retain a policy stance at “withdrawal of accommodation” to aid MPC’s focus on bringing inflation towards its 4 per cent target. Inflation climbed to 5.08 per cent in June, primarily driven by the food component. RBI Governor Shaktikanta Das said food inflation remains “stubbornly” high. V K Vijayakumar of Geojit Financial Services noted that the RBI’s decision to keep policy rates unchanged was anticipated. He emphasized the Governor’s focus on inflation control for sustained growth. Vijayakumar expects the market’s attention to shift towards the US jobs data and recession concerns, rather than the RBI’s policy, as these factors will likely have a more significant impact on market movements.

Business Standard

Stocks to buy and sell on July 4: Bhel, Lupin, Firstsource Solutions

Pharma index has rebounded from the key support zone and LUPIN is offering fresh buying opportunity with favorable risk to reward

The Economic Times

Quant Mutual Fund raises bet on HDFC Bank shares, top holding in most schemes

Geojit Financial Services' Dr. V K Vijayakumar anticipates HDFC Bank's augmented Nifty weight to fuel additional delivery based buying, boosting the stock under active funds' support.

Business Line

Stock to buy today: Firstsource Solutions (₹213.95): BUY

Firstsource Solutions share price can rise to ₹235-₹240