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INDmoney: Track, Invest, Grow

Vedanta to raise ₹1,000 crore via private placement of Non-convertible debentures listed on BSE.

Stock jumps more than 6% intraday.

#INDmoney: Track, Invest, Grow
INDmoney: Track, Invest, Grow

Shares of CE Info Systems (MapMyIndia) Ltd. surged 20% intraday after Goldman Sachs initiated coverage with a 'buy' rating.

It holds a 95% market share in the Indian mapping and navigation industry.

#INDmoney: Track, Invest, Grow
INDmoney: Track, Invest, Grow

👉 Stock indices ended in green; banks & fertilizer stocks led gainers

👉 Selling hit auto, pharma, and PSU banks; buying boosted metal, capital goods, realty, and oil & gas

NIFTY: 23,567 (⬆️0.22%)
SENSEX: 77,478.93 (⬆️0.18%)

Fertilizers & Chemicals Travancore (⬆️ 20%) Surges, erasing yearly losses, now valued at ₹70,000 crore

Rashtriya Chemicals & Fertilizers (⬆️ 20%) Jumps after ₹257 crore block deal, hints at undervaluation

MapmyIndia (C.E. Info Systems) (⬆️ 20%) Gets a Buy rating from Goldman Sachs, with a target price of ₹2,800

Chambal Fertilisers & Chemicals (⬆️ 19.29%) Ownership by private companies leads to a market cap of ₹187B

Best Agrolife (⬆️ 14.31%) Subsidiary gets license for insecticide manufacturing, boosting stock."

PNB Housing Finance (🔻5.74%) Stake sale by Asia Opportunities Fund and General Atlantic could pressure stock prices

Azad Engineering (🔻2.74%) Sachin Tendulkar's investment grows 14.56 times, showcasing stock's strong performance

Vodafone Idea (🔻2.3%) Struggles continue with net loss and subscriber loss reported

Blue Dart Express (🔻1.98%) Innovates with drone deliveries, boosting efficiency and eco-friendliness

Tata Technologies (🔻1.67%) Faces sell call from Goldman Sachs amid revenue concerns

#INDmoney: Track, Invest, Grow
INDmoney: Track, Invest, Grow

Global Market Buzz | June 20, 2024

🇺🇸 US Market News:

▪️ PayPal hires Walmart executive Srini Venkatesan as chief technology officer in AI push

▪️ Accenture Q3 results: Revenue touches $16.5 billion, reflecting a 1% decrease in U.S. dollars but a 1.4% increase in local currency

📅 What to Watch Today:

▪️ Investors are closely watching for remarks from Richmond Fed President Thomas Barkin and San Francisco Fed President Mary Daly on recent inflation reports.

💡 Fun Fact:

▪️ The "Monkey Business" Index is a fun way to guess market trends in Thailand by watching monkeys at a coconut plantation.

Active monkeys picking coconuts signal a strong market, while lazy monkeys suggest a weak one. It's not scientific, but some follow it for fun.

#INDmoney: Track, Invest, Grow
INDmoney: Track, Invest, Grow

ESOPs is the new buzzword in job offers, but cashing in on them isn't always straightforward.

In the latest edition of INDclassroom, we break down how ESOPs work.

Tap to learn more 👇
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#INDmoney: Track, Invest, Grow
2024/06/20 17:34:29
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