Bandhan Bank experienced a significant drop of 9% in its share value during the morning trade on April 8, following the news of Chief Executive Officer and Managing Director Chandra Shekhar Ghosh’s decision to step down. At 9:36 am, Bandhan Bank’s shares were trading at Rs 183.95 on the NSE. The bank confirmed that Ghosh … Read more
Voltas surged to its upper circuit of 10 percent and reached a new 52-week high in early trading on April 8th, following the announcement that the AC manufacturer had successfully sold 2 million units in FY24. The company’s achievement of selling 2 million AC units during the fiscal year 2023-24 marks a historic milestone, representing … Read more
On Friday, U.S. stocks concluded the trading day with gains, bolstered by a robust jobs report that highlighted the ongoing strength of the economy, while also raising speculation about the possibility of a postponement in Federal Reserve interest rate reductions. Across the board, all major sectors of the S&P 500 posted advances, with particular strength … Read more
Rajesh Exports, a Bangalore-based gold jewelry retailer, has seen its stock value dwindle by almost 70% since its peak last year. Despite this significant decline, the state-owned Life Insurance Corporation of India (LIC) maintains its approximately 10% stake in the company. Over the past year, Rajesh Exports has faced numerous challenges, leading to a sharp … Read more
Aavas Financiers witnessed an intraday surge of 8% on April 5 following the announcement of robust growth in disbursements and assets under management for the quarter ending March. The non-bank finance company reported a notable 20% year-on-year increase in disbursements, totaling Rs 1,890 crore for the January-March period. Additionally, assets under management surged by 22% … Read more
In morning trade on April 5, Hero MotoCorp witnessed its shares decline by over 1% to Rs 4,468 following the income tax department’s issuance of a notice amounting to Rs 605 crore for six assessment years. Hero MotoCorp disclosed in a regulatory filing that it has received notices pertaining to six assessment years from 2014-2020, … Read more
UltraTech Cement’s stock saw a decline in early trading on April 5, with the company reporting the commissioning of a 100-MW solar energy project. Despite the inauguration of a significant 100-MW solar energy project, UltraTech Cement faced a downturn in its share price early on April 5. As the market opened at 9:28 AM, UltraTech … Read more
Shares of Nestle India saw a nearly one percent increase during the opening trade on April 5, subsequent to the National Consumer Dispute Redressal Commission (NCDRC) dismissing a government petition against the company. As of 9:26 AM, Nestle India was trading at Rs 2,568.45, marking a rise of Rs 19.40 or 0.76 percent, on the … Read more
On April 4, the Indian benchmark indices soared to unprecedented levels but relinquished some gains, ultimately closing positively in a volatile trading session just a day prior to the Reserve Bank of India’s (RBI) policy announcement. The Sensex concluded 350.81 points, or 0.47 percent, higher at 74,227.63, while the Nifty edged up by 80 points, … Read more
The Indian rupee staggered to its weakest-ever closing level, bowing to relentless dollar demand fueled by importers, with signs pointing to intervention by the Reserve Bank of India to mitigate the currency’s slide. Closing at 83.4375 against the U.S. dollar, the rupee showed a marginal dip compared to the previous session’s close of 83.4350. In … Read more
In a notable development, shares of GE Power India soared by 11 percent on April 4, reaching a peak of Rs 369 per share on the NSE. The surge came after the company announced the acquisition of two significant orders valued at Rs 774.9 crore from Jaiprakash Power Ventures. According to a regulatory filing by … Read more
Shares of HDFC Bank soared 2% on the morning of April 4, buoyed by a robust business update for the quarter ending March 31, 2024. As the country’s largest private lender, HDFC Bank’s positive performance also propelled the Bank Nifty to reach a new high during early trading hours. In its regulatory filing on April … Read more
The price of gold surged to a new record high, exceeding $2,300 per ounce, driven by growing expectations that the Federal Reserve will implement interest rate cuts this year. This optimism, coupled with continued demand from central banks, propelled bullion prices to unprecedented levels. While briefly touching $2,304.96 per ounce, gold stabilized as investors found … Read more
Trust Fintech, a burgeoning player in the financial technology sector, marked its entry into the stock market with an impressive debut on April 4. The company’s shares debuted at an eye-catching price of Rs 143.25 on the NSE SME platform, representing a significant premium of 42% over its issue price of Rs 101. The public … Read more
Shares of Avenue Supermarts Limited, renowned for its DMart chain of stores, witnessed a substantial surge of 6% to reach Rs 4,715, marking a new 52-week high on the morning of April 4. This surge was ignited by the company’s announcement of a remarkable 20% rise in standalone revenue for the March quarter. As of … Read more
KEC International witnessed a remarkable surge in its share price, soaring by 8% to reach a 52-week high of Rs 795.25 during the early hours of trading on April 4. This significant uptick followed the company’s announcement of securing orders worth Rs 816 crore across its diverse business verticals. At 9:22 am, KEC International was … Read more
Shares of Coforge Limited saw a robust uptick of over 4 percent during morning trading on April 4, spurred by JP Morgan’s initiation of coverage on the stock with an “overweight” rating. The move was prompted by the brokerage’s recognition of the company’s consistent execution in sales and leverage in operations. JP Morgan has set … Read more
The Nifty 50 concluded another day marked by volatility, closing marginally lower on April 3. Continuing to grapple with resistance levels around 22,500-22,550 since last Thursday, market participants seem to be awaiting the outcome of the Monetary Policy Committee meeting scheduled for April 5. Analysts suggest that a decisive close above 22,550 could propel the … Read more
The shares of GConnect Logitech and Supply Chain entered the stock market arena with a subdued performance on April 3, debuting at Rs 42, which represented a marginal premium of 5 percent over the issue price of Rs 40 on the BSE SME platform. However, this debut fell short of the optimistic estimates prevailing in … Read more
Gensol Engineering’s shares experienced a locked 5 percent upper circuit early on April 3 following the company’s announcement of achieving its highest-ever revenue from operations, surpassing Rs 960 crore. The remarkable growth of over 141 percent from the previous fiscal year’s revenue of Rs 398 crore was disclosed by the company in a press release. … Read more