Shares of Tata Group’s Trent surged over 5 percent on Wednesday, reaching a new high and extending rally. The stock has gained more than 13 percent in 8 sessions. The rally is driven by market speculation that Trent will be included in the Nifty 50 index during the upcoming September […]
Indian stock markets
Shares of IndiaMART InterMESH plunged more than 8 percent in intra-day trading on Wednesday after the company reported a significant drop in subscriber additions for the quarter ending June 2024 (Q1FY25). The company added only 1,500 subscribers in Q1FY25, far below analysts’ expectations, compared to 2,683 subscribers in the March […]
The Indian hospitality sector has been the talk of the town due to its stellar performance over the past two years, as the impact of Covid-19 abated. Occupancy rates and Average Room Rates (ARRs) have shown a robust increase, leading to significant improvements in key financial metrics such as EBITDA […]
Shares of construction major NBCC (India) rallied over 8 percent in intra-day deals on Monday after the state-owned company announced that its arm, HSCC (India) Limited, has secured a significant order worth ₹411.45 crore. This development marks another milestone for the company as it continues to expand its portfolio of […]
Global brokerage house Nomura has increased the target price of auto component maker Sona BLW Precision Forgings following the company’s impressive results for the quarter ended June 2024 and a strong order book. Maintaining a ‘buy’ recommendation, the brokerage has raised its target price by nearly 15 percent to ₹788 […]
Arvind SmartSpaces has given stellar returns to its investors in the recent times, surging 133 percent returns in the last 1 year and 92 percent in 2024 YTD. Brokerage house B&K Securities sees more upside ahead for the stock on the back of strong financial performance and a robust growth […]
Shares of Zee Entertainment Enterprises (Zee) have delivered disappointing returns for investors both recently and over the long term. In 2024 alone, the stock has plummeted by 50 percent, marking a significant erosion of investor wealth. Over the past year, the decline stands at 42 percent, illustrating a challenging period […]
Dalal Street witnessed volatile stock markets on Tuesday after the government proposed to hike securities transaction tax (STT) on futures & options (F&O) trade in the Union Budget for fiscal year 2024-25. Foreign institutional investors (FIIs) on Tuesday sold stocks of Indian companies worth ₹17,306.08 crore and bought stocks for […]
A recent study by Bajaj Finserv Asset Management Limited emphasises the reliability of large-cap investments across various market conditions. The study reveals that largecaps have closed in the positive territory for 18 out of the last 21 years, showcasing their resilience and consistent performance. Additionally, the large-cap index has outperformed […]
Although the banking sector has lagged behind the Indian benchmark Nifty index over the past 6 to 12 months, it is well-positioned for substantial long-term growth, driven by India’s largely underbanked population. In 2024, the Nifty Bank index has risen over 8 percent year-to-date, trailing the benchmark Nifty’s almost 13 […]