The Midcap index performed poorly compared to the Nifty 50, as the Nifty Midcap 50 closed 2.0% down. In addition, small cap stocks also underperformed, with the Nifty small cap 100 ending at 16683.15, down by 316.1 points and 1.89% lower. Looking at the returns of the Nifty 50, it […]
Multibagger power financing stocks like Power Finance Corporation and Rural Electrification Corporation (REC) continued their downward trend for the second consecutive day on Tuesday, with the former declining by an additional 4% and the latter dropping by 2%. Today’s correction resulted in PFC stock losing 13.60% of its value in […]
The Indian market rose 1.24 percent in the month of April as strong buying by local fund continued. In March, domestic funds used the correction to deploy excess cash and the buying continued in April as well, absorbing all the selling of foreign institutional investors (FIIs), noted a report by […]
Premier Roadlines IPO price band has been fixed in the range of ₹63 to ₹67 per equity share of face value of ₹10 each. Premier Roadlines IPO will open for subscription on Friday, May 10, and close on Tuesday, May 14. The lot size for the Premier Roadlines IPO is […]
A rally fuelled by robust fundamentals has led to a re-rating in the infrastructure and capital-goods sectors, pushing several stocks into what seems like overvalued territory. Several infrastructure and capital-goods stocks are trading above their 10-year average price-to-earnings (PE) ratio. The PE ratio compares a company’s stock price to its […]
The company’s order inflow showed robust growth, increasing by 45% year-on-year to ₹6,276 crore, contributing significantly to the sharp rise in share prices today. The company reported a 15% year-on-year growth in revenue in Q4, in line with expectations set by Kotak Institutional, despite a modest 3% year-on-year growth in […]
The 30-share BSE Sensex opened higher by 77.76 points, or 0.11%, at the 73,973.30 level, while the Nifty 50 started off at the 22,489.75 level, up 47.10 points, or 0.21%. The under performance of the Indian market in spite of encouraging global cues is a noteworthy near-term pattern in the […]
The Securities and Exchange Board of India (Sebi) has rejected the proposal by the National Stock Exchange (NSE) to extend the market time in the derivatives segment, media reports said. During an analyst call, NSE’s MD & CEO Ashishkumar Chauhan said that Sebi has returned the exchange’s proposal to increase […]
Zomato Share Price Today : Zomato’s stock price closed at ₹197.25 on the last trading day, slightly lower than the open price of ₹198.3. The high for the day was ₹201.95, while the low was ₹194.5. The market capitalization stood at ₹169,915.99 crore. The 52-week high was ₹200.35 and the […]
(Bloomberg) — Asian stocks rose in early trading, following Wall Street’s gains on optimism the Federal Reserve will start cutting interest rates this year. The yen dropped. Japan’s benchmark Nikkei 225 climbed as much as 1.6% as the market reopened on Tuesday after a holiday. Australian shares rose 0.7%. The […]