Shares of eClerx Services appeared to plunge 50% after turning ex-date for its 1:1 bonus issue, but the decline was only about 6% as the price adjusted for the corporate action. The stock opened sharply lower on the NSE before extending losses amid broader market weakness.Read More
Indian equity markets are currently under pressure due to rising geopolitical tensions, particularly the escalating conflict involving Iran, Israel, and the United States. The benchmark Nifty 50 has declined nearly 10% from its 52-week high, while the broader market has been hit even harder, with the Nifty Microcap 250 index falling around 18%. Notably, about 26 microcap stocks have dropped more than 50% from their...Read More
UBS initiated coverage on Eureka Forbes with a ‘Buy’ call, identifying it as a ‘steady earnings compounder’ with under-appreciated scale advantages in water purifiers and services. The brokerage set a target price of Rs 640, citing market growth driven by health awareness and expanding consumer base.Read More
Crude oil above $100 has wiped out Rs 20 lakh crore in equity wealth, hammering markets in India as the Iran conflict escalates. The rupee hit a record low, and FIIs continue to sell, yet experts and Axis Mutual Fund argue the panic may be creating a rare long-term buying window.Read More
Indian equity markets are experiencing significant volatility due to geopolitical tensions and global economic uncertainties, with FII selling exacerbating the downturn. Experts advise a ‘sell on rise’ approach, emphasizing selective investing in resilient sectors like pharma and metals, while cautioning against banks, IT, autos, and real estate.Read More
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