During the morning trade on March 28, Maruti Suzuki’s stock took a downturn, witnessing a 1% decrease to Rs 12,401. This decline followed the announcement by the company’s board of directors regarding a significant reshuffle in senior management roles, slated to come into effect from the commencement of the new financial year on April 1, … Read more
Shares of Wockhardt soared by 5 percent, hitting the upper circuit at Rs 557.85 per share on the NSE on March 27. This surge came after funds associated with renowned investors Madhusudan Kela and Prashant Jain participated in the company’s Rs 480-crore Qualified Institutional Placement (QIP). Wockhardt successfully concluded its QIP on March 26, having … Read more
Shares of Central Depository Services Ltd (CDSL) experienced a significant decline of around 6 percent in early trading following a notable block deal involving 1 crore shares, representing a 9.6 percent stake in the company, executed on the exchanges on March 27. The transaction, valued at Rs 1,712.9 crore, triggered a sharp reaction in the … Read more
In a highly anticipated market debut, Chatha Foods Limited, a prominent player in the food processing industry, witnessed a remarkable entry as its shares began trading on the BSE SME platform. The company’s stock listed at Rs 73, showcasing an impressive premium of 30.36% over the issue price of Rs 56. This robust premium underscored … Read more
The stock of AstraZeneca Pharma India experienced a significant surge of over 4 percent on March 27, propelled by the news of the company’s successful attainment of approval from the Central Drugs Standard Control Organisation (CDSCO) for the importation, sale, and distribution of Trastuzumab deruxtecan lyophilized powder concentrate for solution for infusion 100mg, known as … Read more
Tata Investment Corporation experienced a significant downturn in its financial performance, with its share price plummeting by 5% in the wake of a remarkable 43% decline observed over the preceding two weeks. Notably, Tata Investment stock encountered its tenth instance of hitting the 5% lower circuit within the past 11 trading sessions, underscoring the ongoing … Read more
In today’s stock market update, Zomato’s shares continue their upward trajectory over the past year, marking a significant turnaround from their low point of ₹50 per share approximately one year ago. This surge has positioned Zomato as a favorable option for investors looking to buy during dips in the market. On March 26, Zomato’s share … Read more
On March 26, SpiceJet, a prominent player in the low-cost airline sector, announced a significant settlement with Export Development Canada (EDC), triggering a notable surge in its share price on the Bombay Stock Exchange (BSE). This deal, hailed as the ‘biggest breakthrough in SpiceJet’s financial restructuring efforts’, is poised to yield substantial savings, estimated at … Read more
Following the Reserve Bank of India’s (RBI) announcement of a special audit for both JM Financial and IIFL Finance, the stock prices of these financial entities took a significant hit. JM Financial witnessed a drop of approximately 4%, while IIFL Finance plunged by 5.5%. As of 12:40 pm, JM Financial was trading at Rs 72 … Read more
On March 26, Dr Lal PathLabs experienced a substantial surge of over 5%, propelled by a noteworthy “double” upgrade from Kotak Institutional Equities. Kotak’s decision to elevate the stock’s rating from “sell” to “add,” alongside a significant revision in fair value (FV) from Rs 1,975 to Rs 2,360, underscores a newfound optimism rooted in heightened … Read more
RailTel Corporation of India’s shares demonstrated a promising start on March 26, gaining 2% in the opening trade session, propelled by the news of the company securing a significant work order valued at Rs 36.35 crore. At 09:25 am, on the Bombay Stock Exchange (BSE), RailTel Corporation was trading at Rs 779.60, reflecting a notable … Read more
InterGlobe Aviation, the parent company of leading low-cost carrier IndiGo, witnessed an impressive ascent on March 26, with its stock rallying over 4.3% to hit a historic peak of Rs 3,429.90 in morning trading. This surge was fueled by a wave of bullish growth forecasts from various brokerages, issued in the wake of an analysts’ … Read more
Rategain has announced a groundbreaking collaboration aimed at equipping airlines with cutting-edge AI tools, empowering them to efficiently navigate market trends and swiftly adapt to pricing fluctuations. Rategain Travel Technologies experienced a substantial surge of over 3% during the morning trading session on March 26, following the exciting announcement of a strategic partnership with Summerwind … Read more
In the opening trade on March 21, shares of Jupiter Wagons surged by 4% following the successful completion of the acquisition of Bonatrans India Private Limited (BIPL) for Rs 271 crore. Through a share purchase agreement with existing shareholders, Jupiter Wagons has now officially made BIPL its subsidiary. Located in Chhatrapati Sambhajinagar (Aurangabad), Maharashtra, BIPL … Read more
The Sensex and Nifty, India’s primary stock market indices, relinquished their early gains and slipped into negative territory on March 20, extending losses from the previous trading session. By 11:02 am, the Sensex had declined by 155.32 points, or 0.22%, to reach 71,856.73, while the Nifty was down by 44.40 points, or 0.20%, standing at … Read more
JP Morgan, a leading brokerage firm, expresses bullish sentiment towards engineering, research, and development (ER&D) companies, citing their resilience amid market challenges. In contrast to IT companies, ER&D firms have exhibited robust growth, positioning CY24 as a year of recovery, according to the brokerage’s analysis. With a substantial and enticing total addressable market, these companies … Read more
Eicher Motors Limited witnessed a significant 4% surge in morning trade on March 20, following a bullish move by global brokerage UBS, which upgraded its rating to ‘buy’. UBS analysts foresee a potential upside of up to 35%, raising the price target on Eicher Motors stock to Rs 5,000. This upgrade comes on the back … Read more
March 20 saw UltraTech Cement’s shares open at Rs 9,535, registering a notable increase of over one percent in early trading. This surge comes on the heels of the Competition Commission of India (CCI) granting approval for UltraTech Cement’s proposed acquisition of Kesoram Cement’s business segment from Kesoram Industries. The acquisition, which specifically targets Kesoram’s … Read more
March 19 witnessed a significant uptick in the share price of One 97 Communications, the parent company of Paytm, as it soared nearly 5% following its previous session’s gains. Notably, the stock has witnessed a remarkable 14% surge over the past three days. This bullish momentum coincides with Yes Securities’ decision to upgrade the payments … Read more
As trading commenced on Tuesday, benchmark indices witnessed a downward trend, with the Nifty 50 slipping by 108.30 points or 0.49 percent to reach 21,947.40 by 9:49 am. Similarly, the BSE Sensex saw a decline of 333.07 points or 0.46 percent, trading at 72,415.35. Investors observed cautious trading amidst prevailing market conditions, with the indices … Read more