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  Trucking fleet relationships, customer relationships, historical land bank for setting up sorting centres are the drivers of its high ROE, said Jefferies Global brokerage visited logistics firm TCI Express’ (TCIE) automated sorting centre at Gurgaon and interacted with Chander Agarwal (CEO) and Mukti Lal (CFO) to discuss the company's business operations. “Profitability and cash flow is the mantra even if it means lower revenue growth. B2B is 95% of revenues, with e-commerce at only 5%. Profitable business focus reflects in the 25%+ ROE and we believe double-digit revenue growth, 28% EPS CAGR in FY22-25E are upside triggers ahead," the note stated. Trucking fleet relationships, customer relationships, historical land bank for setting up sorting centres are the drivers of its high ROEs and margin management even in an inflationary environment, as per Jefferies.  “The stock traded at a high of 63x and average of 31x since it listed in December 2016," said Jefferies while

Since Uniparts India IPO is entirely an OFS, the company will not receive any proceeds from the issue The initial public offer (IPO) of engineering systems and solutions provider Uniparts India received 58% subscription on the first day of the offering on Wednesday. The issue, with a price band in the range of ₹548-577 a share, concludes on Friday, December 2, 2022. The engineering systems and solutions provider raised ₹251 crore from anchor investors ahead of its initial share sale. As per market observers, Uniparts India shares are available at a premium (GMP) of ₹68 in the grey market today. The shares of the company are expected to list on the stock exchanges BSE and NSE on Monday, December 12, 2022. Uniparts India IPO is of up to 14,481,942 equity shares. At the upper end of the price band, the IPO is expected to fetch ₹836 crore. Since the offer is entirely an Offer for Sale (OFS), the company will not receive any proceeds from the public issue. “Uniparts India is manufacturer of

 NDTV share price has surged from ₹358.55 to ₹446.30 apiece levels in last five sessions NDTV share price:   Uptrend in shares of New Delhi Television Limited continued for 5th day in a row as the stock has risen from ₹358.55 (close price on 23rd November 2022 on NSE) to ₹446.30 apiece levels today, logging around 25 per cent in last five sessions. In fact, the media stock has been hitting upper circuit for the last four sessions as it has been hitting 5 per cent upper circuit since Friday session. NDTV Adani takeover news: On Monday, Adani Enterprises Ltd informed Indian bourses that its subsidiary Vishvapradhan Commercial Private Limited (VCPL) has received a letter from news broadcaster New Delhi Television Ltd’s (NDTV’s) promoter firm RRPR Holding confirming it had transferred shares constituting 99.5 per cent of its equity capital to VCPL. "We hereby inform you that VCPL has received a letter from RRPR Holding Private Limited (“RRPR") (through its lawyer) dated November

The US stock market fell on Tuesday with investors keenly looking forward to Fed Chair Jerome Powell's public appearance later this week The S&P 500 closed lower on Tuesday as investors awaited guidance on the Federal Reserve's path of interest rate hikes, while US oil futures gained on hopes China loosens COVID-19 restrictions that have fueled fears about the global economy. The US dollar edged lower against the Japanese yen while the Aussie dollar jumped as sentiment improved on hopes China would ease on lockdowns after health officials discussed speeding up COVID vaccinations for elderly people. US Treasury yields rose ahead of a public appearance by Fed Chair Jerome Powell and a slew of data due later in the week. A survey released on Tuesday showed US consumer confidence eased further in November amid persistent worries about the rising cost of living. Richmond Fed President Thomas Barkin on Monday doused speculation the US central bank would reverse course on interest

  At the upper end of the price band, Uniparts India IPO is expected to fetch ₹836 crore Engineering systems and solutions provider Uniparts India's ₹836-crore initial public offering (IPO) will open for public subscription on Wednesday, November 30, 2022 and conclude on Friday, December 2, 2022. The bidding for anchor investors will open on Tuesday, November 29. The price band has been fixed in the range of ₹548-577 a share for its three-day initial share sale. “Uniparts India is manufacturer of engineered systems and solutions and leading supplier of of components for the off highway market in agriculture and construction. International sales contributed to over 82% sales in FY22. Revenues and margins grew steadily in past three fiscal years. At the upper band of the offer, the implied market cap stands at approx. Rs. 2604 crores and the asking p/e multiple is 15.28x which looks quite reasonable as compared to its peers. The secondary market being at all-time highs should help th

Vedanta announced an interim dividend of ₹17.50 per share or 1750% for the financial year 2022-23 Shares of Vedanta Ltd started trading ex-dividend on Tuesday, a day ahead of its record date which has been fixed as Wednesday, November 30, 2022 for the purpose of the payment of the third interim dividend of ₹17.50 per share or 1750% for the financial year 2022-23. Vedanta shares rose over a per cent on the BSE in opening trading session. “We wish to inform you that the Board of Directors of the Company through resolution passed by circulation on Tuesday, November 22, 2022 have approved Third Interim Dividend of ₹17.50 per equity share i.e. 1750% on face value of Re. 1/- per share for the Financial Year 2022-23 amounting to c. ₹6,505 crores. The record date for the purpose of payment of dividend is Wednesday, November 30, 2022. The interim dividend will be paid within stipulated timelines as prescribed under law," the company had informed in an exchange filing. Billionaire Anil Agar

  Multibagger stock: Shares of Leading Leasing Finance And Investment Company Ltd are one of the multibagger stocks in India. The small-cap stock with a market cap of around ₹52 crore is one of those stocks in 2022 that announced subdivision of shares as well. The board of directors of the company announced 1:10 stock split this year and the stock traded ex-split on 22nd September 2022. In last one month, this small-cap stock has delivered over 25 per cent return to its shareholders. However, this stock has a history of delivering whopping return to its shareholders as it surged from around Re 1 to ₹9.70 apiece levels in last 5 years, delivering to the tune of 870 per cent return to its long term positional investors. Leading Leasing Finance share price history In last one month, this small-cap multibagger penny stock has risen from around 7.75 to 9.70 apiece levels, recording around 25 per cent rise in this period whereas in last six months, it has surged from6.80 to ₹9.70 per share l

  Promoter & Director of the company has been raising his stake in small-cap FMCG company Mishtann Foods share price is giving sharp upside moves after hitting 52-week low of 7.80 apiece in July 20220. While this rebound in 10 stock is catching attention of retail investors, promoters are also looking to cash-in this big opportunity. Like retail investors company promoter Hiteshkumar Patel is also among the bargain hunters of this stock. The company promoter has been busy doing bottom-finishing in the scrip since 15th November 2022 raising his stake in the FMCG company to 49.37 per cent. As per the information available on BSE website, Promoter & Director of the company Hiteshkumar Patel has hiked his stake in the company through open market purchase. Hiteshkumar picked up multiple chunks of shares since 15 November, 2022 and is still buying daily, brining his stake to 49.37 per cent. Advising bottom-finishing and reasons for rebound in this ₹10 stock from 52-week low, Ravi Sin

Keystone Realtors, which sells properties under brand Rustomjee, saw its IPO receive  Shares of Keystone Realtors Private Ltd made a market debut on Wednesday with the stock listing at ₹555 apiece on the NSE, a premium of more than 2% as compared to its IPO issue price of ₹541 per share. On the BSE, Keystone Realtors shares started trading at ₹555 apiece. Keystone Realtors, which sells properties under the brand 'Rustomjee', saw its initial public offering (IPO) receive 2 times subscription on the last day of offer that was open from Monday, November 14, 2022 to Wednesday, November 16, 2022. The public issue issue got bids for 1,73,72,367 shares against 86,47,858 shares on offer. Keystone Realtors IPO had a fresh issue of up to ₹560 crore and an offer for sale (OFS) of up to ₹75 crore. The price range for the initial share sale was fixed at ₹514-541 a share. Keystone Realtors collected a little over ₹190 crore from anchor investors. The company decided to allot 35.21 lakh equit

  Nikkei hits over 2-month high on hopes of Fed slowing rate-hike pace Asian shares tracked Wall Street higher today, lifted by signals that the US Federal Reserve may slow the pace of interest rate hikes going ahead. Hopes of fresh economic stimulus from China also lifted sentiment with Japan's Nikkei surging over 1% to 2-month highs. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8%. Overnight, Wall Street had edged higher after minutes from the Fed meeting earlier this month indicated several officials backed the need to moderate the pace of rate hikes, even as some underscored the need for a higher terminal rate. The S&P 500 closed at a two-month high Wednesday. US markets are closed for the Thanksgiving holiday today. US stock futures are higher too. S&P 500 futures rose 0.2% while Nasdaq 100 futures rose 0.3%. In China, property shares jumped today, after the country's biggest commercial banks agreed to provide billions of dollars in credit

 Cinevista, OCL Iron and Steel, and Modern Thread (India) will be among the stocks in focus on Wednesday as they will be declaring their September quarter earnings. Inox Green Energy: One of the major wind power operation and maintenance service providers, Inox Green Energy Services will make its market debut on Wednesday. The company's ₹740 crore initial public offering (IPO) which ended last week, received full subscriptions driven by retail investors and institutional buyers. Inox Green Energy Services is a subsidiary of the listed firm Inox Wind. Adani Enterprises: Adani Enterprises Ltd. is considering issuing at least $1.8 billion in new shares, according to people familiar with the matter. The conglomerate is working with advisers on the follow-on issue and could sell the shares as soon as next year, the people said, asking not to be identified as the information is private. The sale could even raise as much as $2.4 billion, one of the people said. FSN E-Commerce Ventures:

India Cements stock has bottomed out and has consolidated near ₹224 levels. It has now picked up momentum with a positive bullish candle pattern After closing in the red for three consecutive days, the Indian benchmark indices saw some gains on November 22 tracking the recovery in global market. The Sensex gained 274 points, or 0.45%, to 61,419, while the Nifty50 rose 84 points, or 0.46%, at 18,244. The global investors are watching out for Covid-induced curbs in China and the looming minutes from the US Federal Reserve's last policy meeting, which will be released on Wednesday. Here are top 3 technical picks by Vaishali Parekh, Vice President - Technical Research of Prabhudas Lilladher with an investment horizon of 60 days: GNFC CMP: ₹591, Target: ₹665, Stop Loss: ₹560 The stock, after a decent correction recently, has bottomed out now near the ₹550 zone and has indicated a pullback. With immense upside potential witnessed, the stock is anticipated to rise further with good volume

Kaynes Technology IPO received about 34.16 times subscription on the last day of the offer Shares of Kaynes Techonology India Ltd made a strong market debut on Tuesday with the stock listing at ₹778 apiece on the NSE, a premium of more than 32% as compared to its IPO issue price of ₹587 per share. On the BSE, Kaynes Technology shares started trading at ₹775 apiece. The initial public offer (IPO) of Kaynes Technology India received 34.16 times subscription on the last day of offer that was open from Thursday, November 10, 2022 to Monday, November 14, 2022. The issue had a price range of ₹559-587 a share. The IPO got bids for 35.76 crore shares against 1.04 crore shares on offer. The portion meant for Qualified Institutional Buyers (QIBs) was subscribed 98.47 times, non-institutional investors category got 21.21 times subscription and Retail Individual Investors (RIIs) 4.09 times. Kaynes Technology IPO had a fresh issue of ₹530 crore and an offer for sale (OFS) of up to 55,84,664 equity

The short-term trend of Nifty seems to have turned down and is now approaching a crucial support zone of around 18,100-18,000 levels, as per analysts Market benchmarks fell for the third day running on Monday and ended nearly 1 per cent lower amid weak trend in global equities. The 30-share BSE Sensex declined 518.6 points to settle at 61,144.8. The NSE Nifty fell 0.8% to end at 18,159.9. In the broader market, the BSE midcap gauge dipped 0.15% and smallcap index climbed marginally by 0.01%. Meanwhile, for Tuesday , Indian indices may witness a higher start as SGX Nifty, Singapore Nifty that is the Indian Nifty traded in the Singapore Stock Exchange, indicates a positive opening for the Indian stock market today. Day trading guide for stock market today “The short-term trend of Nifty seems to have turned down and the market is now approaching a crucial support zone of around 18,100-18,000 levels, which is expected to be a make or break for the market ahead. Failure to show any sustaina

  A total of seven stocks have been put under the ban for trade on Monday, November 21, 2022 A total of seven stocks have been put under the ban for trade on Monday, November 21, 2022 under the futures and options (F&O) segment by the National Stock Exchange (NSE). These securities have been put on ban under the F&O segment as they have crossed 95% of the market-wide position limit (MWPL), as per the NSE. Balrampur Chini, Bharat Heavy Electricals Limited (BHEL), Delta Corp, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Indiabulls Housing Finance, Sun TV continue to be a part of the F&O ban list whereas Punjab National Bank (PNB) is added to the list by the stock exchange for today. The NSE updates the list of securities in F&O ban for trade everyday. The derivative contracts in the mentioned securities have crossed 95% of the market-wide position limit and are therefore have been currently put in the ban period by the stock exchange, said NSE. “It is hereby

EaseMyTrip announced stock split in 1:2 ratio along with bonus shares issue in 3:1 ratio Stock in focus: EaseMyTrip or Easy Trip Planners shares are in focus today as the stock is trading ex-dividend and ex-bonus. The board of directors of the company fixed 22nd November 2022 as record date to finalize eligible beneficiaries for the issuance of bonus shares and stock subdivision. The company's board had approved and declared bonus shares in 3:1 ratio along with stock split in the ratio of 1:2. Ahead of record date for stock split and bonus shares, EaseMyTrip share price shot up near 17 per cent in opening deals on Monday. EaseMyTrip share price today opened upside and went on to hit intraday high of 57.30 apiece levels, logging to the tune of 17 per cent upside within few minutes of stock market's opening bell today. In one of its latest stock market exchange communication, EaseMyTrip said, "This is to inform you that pursuant to Regulation 42 of the SEBI (Listing Obligati

ICICI Direct in its note pointed out that Indian benchmarks snapped a four-week winning streak as profit booking set in near all-time highs. Nifty closed at 18307, down 0.25% while Midcap and small-cap indices declined >1% for the week. Indian markets corrected for the second straight day as investors booked profits. The week of November 14 to 18th ended on a broadly flat note with the Sensex holding over 61,600 positions and Nifty 50 above 18,300 levels. Also, foreign investors were majorly net sellers during the current week, with the rupee depreciating to close near 81.7 per dollar. Midcap and small-cap indices declined by nearly 1% for the week. Overall, the demand was lacklustre in domestic equities with global peers setting the sentiment mostly. Now the focus shifts towards the upcoming week from November 21 to 25th, where caution is expected to be practiced due to global trends and premium valuation of Indian benchmarks compared to their counterparts.On Friday, Sensex ended a

Five Star Business Finance IPO was entirely an offer for sa le (OFS) of shares to the tune of 1,960 crore The finalisation of the basis of share allotment of Five Star Business Finance's initial public offering (IPO) has been done this week and now all eyes are on the listing of the company's shares which is expected to happen next week. As per market observers, Five Star Business Finance shares are commanding a premium (GMP) of minus 2 in the grey market today. The shares of the company are expected to list on the leading stock exchanges BSE and NSE next week on Monday, November 21, 2022. The initial share sale was entirely an offer for sale (OFS) of shares to the tune of 1,960 crore by existing shareholders and promoter group entities. The price band for the issue was fixed in the range of 450 per share to 474 per share. The non-banking financial company (NBFC) mobilised ₹588 crore from anchor investors ahead of its initial share sale. The firm decided to allocate 1.24 crore

Inox Green Energy IPO allotment status can be checked online on BSE and Link Intime website According to market observers, after Thursday market close, Inox Green Energy IPO grey market premium (GMP) was zero but in early morning, Inox Green Energy IPO GMP has surged to 2 per equity share. The finalisation of share allocation can be announced any time today for the initial public offering (IPO) worth 740 crore. As per the tentative Inox Green Energy IPO schedule, most likely Inox Green Energy IPO allotment date is 18th November 2022 i.e. today. So, bidders are advised to check Inox Green Energy IPO allotment status online by logging in at the BSE website or at the website of official registrar. Link Intime India Private Ltd has been appointed as official registrar of the public issue, which is proposed for listing on BSE and NSE. Meanwhile, after trading in discount for last two days, shares of Inox Green Energy Ltd are available at a premium of 2 in grey market today. Inox Green Energ

The initial public offering (IPO) of Keystone Realtors, which sells properties under the brand 'Rustomjee', received 2 times subscription on the last day of offer on Wednesday, November 16, 2022. The issue got bids for 1,73,72,367 shares against 86,47,858 shares on offer. Keystone Realtors IPO had a fresh issue of up to 560 crore and an offer for sale of up to 75 crore. The price range for the initial share sale was fixed at 514-541 a share. On Friday, Keystone Realtors said it has collected a little over 190 crore from anchor investors. The company decided to allot 35.21 lakh equity shares to 16 anchor investors at 541 apiece. Abu Dhabi Investment Authority, Morgan Stanley and Saint Capital accounted for nearly 35% of the anchor investor portion. Domestic mutual funds Aditya Birla Mutual Fund, IDFC Mutual Fund, Tata Mutual Fund and Quant Mutual Fund also participated in the anchor investor portion. SBI Life Insurance and HDFC Life Insurance Company too were part of the anchor

The global cryptocurrency market cap today was almost down over a per cent in the last 24 hours to $870 billion  In cryptocurrencies, the world's largest and most popular digital token Bitcoin's price today was trading nearly 2% lower at $16,588. The global crypto market cap today remained below the $1 trillion mark, as it was almost down over a per cent in the last 24 hours to $870 billion, as per CoinGecko. On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, also plunged by more than 4% to $1,208. “Most cryptocurrencies fell after Genesis suspended the withdrawals. Bitcoin is currently trading below the $16,700 level. Even though BTC rose on Tuesday, reacting to the latest inflation news, it could not sustain the gains. If BTC sustains below the $17,622 level, it may increase the prospect of a break below the $15,588 zone. On the other hand, Ethereum has declined by 3% in the past 24 hours. It suggests the strength of th

Share Market LIVE Updates: Indices are now trading green with Sensex adding 100 points and crossing the 62,000 mark briefly, and Nifty gaining 30 points. Kotak Bank, Dr Reddy and Eicher Motors shine, while Hindalco and JSW Steel drag. Bikaji Food lists and Global Health debut at a premium price. With encouraging inflation data, investors seem to have taken an optimistic viewpoint. However, markets will continue to keep an eye on the Russia-Ukraine war situation with unconfirmed reports stating that two Russian missiles had landed inside NATO-member Poland. Amazon India likely to layoff few hundred employees: Amazon could likely lay off a few hundred jobs from its unit, multiple people aware of the matter have told Economic Times. The exact number of cuts in India is not known, but cuts could also be higher than a few hundreds, they said. The headcount at Amazon India is estimated to be 100,000. These layoffs are part of the global plan to deal with slowing sales. As per the report, la