Record Highs: Sensex and Nifty closed at record highs. Sensex jumped 1.24% to settle at a new peak of 80,893.51. Nifty 50 surged 1.13% to close at a record high of 24,592.20. IT Sector Leads the Charge: IT stocks were the biggest gainers, propelling the major indices to new highs. […]

Current GMP: ₹50 (as of July 11th, 2024, 5:25 PM) Price Band: ₹123 – ₹130 Estimated Listing Price (based on GMP): ₹180 (price band cap + GMP) Expected Gain (based on GMP): 38.46% Important Points to Consider: Grey Market Premium (GMP) is Unofficial: The GMP is an unofficial indicator of […]

Revenue Growth: While the profit growth is healthy, the revenue growth of 5.4% is slightly lower than the projected 4.8-5% range by analysts . Margin Pressure: As expected, the wage hikes impacted margins, aligning with analyst predictions of a contraction . Workforce Expansion: Adding over 5,400 employees suggests TCS is […]

Analyst Predictions: Investment bank Jefferies estimate Jio’s valuation at a staggering $133 billion (around Rs 11.11 lakh crore). Potential for Largest IPO: This valuation could propel Jio’s IPO to become the biggest in Indian history, surpassing the record held by Life Insurance Corporation (LIC). There are a few factors contributing […]