Technology enthusiasts and vintage watch lovers alike will appreciate the new OnePlus 13, a smartphone that combines elegance and simplicity. With its clean design and user-friendly interface, this device serves as a reminder that sometimes less is more. After spending weeks with the OnePlus 13, I share my thoughts on its features and performance, from the price in India to my top uses as a high-skill user. Whether for browsing and social media, calls, or entertainment, the OnePlus 13 takes us back to basics while still delivering a modern and personalized experience.
The stock market saw a sharp decline in the morning hours of trading on Monday, with the Sensex plunging close to 800 points and the Nifty tanking over 250 points. This was attributed to fresh foreign fund outflows and the cautious stance of investors ahead of the upcoming earnings season. The broader markets also traded in the red, with the Nifty Microcap 250 leading the losses and the Nifty Metal and Realty indices dominating in the red. Meanwhile, the global oil benchmark Brent crude saw a slight dip, while the US markets ended on a positive note on Friday.
Today, the much-awaited demerger of ITC Hotels from its parent company ITC was finally executed, with ITC shares starting to trade without its hotels business included. Analysts predict a fair price of Rs 264 per share for ITC Hotels, with shareholder eligibility for its shares being decided based on holdings of ITC shares as of today. The newly demerged ITC Hotels will soon be listed on the bourses, with Nomura expecting a listing price in the range of Rs 200-300 per share. In the meantime, ITC Hotels will remain a part of stock indices where ITC is a constituent, and its listing may be postponed in case of trading circuit limits being hit. This corporate action is expected to significantly impact shareholders of ITC, a prominent blue-chip stock in the Indian market.
The initial public offering (IPO) of Quadrant Future Tek Limited will open on January 7, 2025, and close on January 9, aiming to raise Rs 290 crore. The book-built issue is entirely fresh, with a price band of Rs 275-290 per share. The proceeds from the IPO will be directed towards the company's working capital requirements, capital expenditure, loan repayment, and general corporate purposes. With the estimated listing price at Rs 470, investors could see a potential gain of 62.07% from the IPO.
DMart, India's leading supermarket chain, saw a surge of 12.33% in its stock following a 17.18% growth in standalone revenue in the third quarter of 2021 compared to the previous year. However, concerns have been raised over increased competition in the industry, with players like Flipkart and Amazon offering home delivery at lower prices. This has led to doubts over DMart's previously unquestioned dominance in terms of price advantage. Despite this, brokerage firms like CLSA continue to suggest an 'Outperform' rating on DMart, citing its strong store addition and same store sales growth.
In this edition of Traders' Diary, the Zee Business research team provides exclusive research and investment ideas on 20 stocks to track for January 3, 2025. Analysts Pooja Tripathi and Kushal Gupta share their top stock picks, including Avati Feeds, PB Fintech, Bajaj Finance, Lupin, Bank of Baroda, JK Cement, Amber Enterprises, and V2 Retail. With targets and stop losses for each stock, this diary is a must-read for investors and traders.
Magnus Carlsen and Ian Nepomniachtchi made history at the 2024 FIDE World Blitz Championship by becoming the first players to ever share the title. The match between the two grandmasters ended in a draw after seven games, leading to a sudden death round. Even after three tie games, no winner emerged, prompting Carlsen to propose a shared title which Nepomniachtchi accepted. This event was marred by a controversy before the tournament, as Carlsen was disqualified for violating FIDE's dress code but later returned to win his eighth title.
As we enter the new year, it's important to express our love and appreciation for those closest to us. Words have the ability to connect and inspire, making meaningful New Year wishes a powerful way to strengthen relationships and set a positive tone for the future. Check out these 10 beautiful wishes that encapsulate hope, joy, and togetherness for the year ahead.
Unimech Aerospace, a leading manufacturing company that specializes in complex tools and engineering solutions, made its much-awaited debut in the stock market on Tuesday. With its shares trading at a premium of almost 90 per cent against the issue price, the firm's market entry was met with overwhelming response and investor interest. Despite a slight dip in the share's gains, Unimech Aerospace's maiden issue has been declared a huge success, with its IPO being oversubscribed 175.31 times. The funds raised from the IPO are slated to be utilized towards expanding the firm's production facilities and meeting its working capital needs.
On January 6, 2025, ITC announced the effective date for the demerger of its hotels business, with the shares of ITC Ltd turning ex-date for this demerger. Eligible shareholders will be allotted one ITC Hotels share for every 10 ITC shares held, with the demerger ratio set at 1:10. The ITC Hotels share price is expected to be adjusted by Rs. 22-25, taking into account a 20% holding discount and a 40% stake in the hotel business. Nuvama predicts that the initial market price for ITC Hotels shares will range between Rs. 150-175. After its initial listing, ITC Hotels will be included in Nifty50 and Sensex indices, but will then be removed at its last traded price three days after listing.