The stock hit its record high of ₹1,199.35 and its market cap crossed $100 billion in intra-day deals today. The stock has now risen over 33 percent from its 52-week low of ₹898.85, hit on October 26, 2023. “While we estimate margins to remain range-bound in the near term, the […]
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Additionally, it said that US agrochemical companies are increasingly opting for outsourcing and favoring asset-light models, which the brokerage believes benefits Indian specialty chemical companies with the increased addressable market. Also Read: Will power, defence, railway stocks sustain investor interest after sharp rally? It highlights that estimates for Indian chemical […]
Shares of the semiconductor giant witnessed a sudden decline of 6.7 per cent on Nasdaq in the last two sessions, which erased its market capitalisation (mcap) by over $220 billion and dethroned it from the world’s top stock. On Friday, Nvidia’s market cap stood at $3.1 trillion, below that of […]
Top News Open ended equity mutual funds witnessed inflows of Rs. 17,990 crore in May 2024. The net Asset Under Management (AUM) of the overall mutual fund industry stood at ₹25.39 lakh crore. Shares of Le Travenues Technology got listed at a premium of 48.49% over the issue price of […]
The mainboard IPO of a luxury furniture brand company is a book-building issue of ₹537.02 crore, comprising a fresh issue and an offer-for-sale. The Bengaluru-based furniture maker raised over ₹161.10 crore from anchor investors on Thursday ahead of its initial public offering. Stanley Lifestyles is a super-premium and luxury furniture […]
The index posted a weekly gain of 3.32%, marking its best weekly performance in CY24 so far. The index’s previous best weekly performance was recorded in December, with a gain of 5.46%. Among the top gainers in the index during this week was Bandhan Bank, which finished with a gain […]
Before that, the stock had risen by 2.6 percent in April but faced losses in the first three months of the year. It declined by 3.3 percent in March, 5.8 percent in February, and 12.3 percent in January. Overall, in 2024, the stock has declined 13 percent while it has […]
Stock market today: Frontline indices, the Sensex and the Nifty 50, ended with losses on Friday, June 21, mirroring weak global sentiment after the US dollar hit a multi-week high level. Nifty 50 hit its record high of 23,667.10 soon after opening but failed to hold gains due to the […]
Shares of textile manufacturer Raymond surged 12 percent in intra-day deals today to hit a record high of ₹2,694.95 apiece. The stock is now over 81 percent higher than its 52-week low of ₹1,487, hit on December 1, 2023. The rise in Raymond comes on the back of a strong […]
Time Technoplast, a leading manufacturer of polymer products, saw its shares surge by 12.7% in early trade today, reaching a new all-time high of ₹335 apiece. This rally followed the company’s announcement that it had received final approval from the Petroleum and Explosives Safety Organization (PESO) for the manufacturing and […]