Shares of VST Industries, backed by investor Radhakishan Damani, surged over 17 percent to reach a new peak of ₹4,850 apiece in intra-day trading on Friday, following the company’s announcement of its first-ever bonus issue plan. This marks a significant rally for the stock, which has climbed more than 53% […]
Indian stock markets
Oriental Carbon & Chemicals‘ stock price hit its 20 percent upper circuit at ₹361.05, marking a 52-week high on Tuesday, July 16, and extending its gains for the seventh consecutive session. The stock also hit its 20 percent upper circuit in the previous session on July 15, soaring over 67 […]
Deepak Jasani, Head of Retail Research at HDFC Securities, believes the market will witness some profit booking post the Budget. However, Jasani added that after some correction, in case of no negative news, it will attempt to go higher again. Suggesting a market strategy with the Union Budget in mind, […]
Adani Wilmar has been in focus after the Adani Group firm shared its business updates for the first quarter (Q1FY25). The FMCG firm reported a 13 percent year-on-year growth in volumes in the June quarter. This success came despite industry challenges during the quarter, such as decreased out-of-home consumption and […]
The Union Budget has consistently driven trends in the Indian market. The upcoming Union Budget for the financial year 2024-25 is expected to prioritise capital expenditure, emphasise manufacturing growth, and ensure macroeconomic stability. Historically, Union Budget announcements significantly influence the stock market, shaping sector trends based on government policies and […]
Brokerage firm Nuvama is optimistic about BLS International Services, a visa consultancy services provider, following its impressive 78 percent growth over the past year. It attributes this outlook to BLS International’s strong financial performance, enhanced value-added services, expanding digital offerings, and robust cash flow generation. Initiating coverage with a ‘buy’ […]
After an over 250 percent returns in the last 1 year, domestic brokerage house Geojit Financial Services has initiated coverage on realty stock Sobha with a ‘sell’ call. The brokerage has a target price of ₹1,714 for the stock, implying a potential downside of over 15 percent. “Sobha’s residential segment […]
The first reaction to the general election result was negative with a 5.9% decline in the Nifty index on June 4, though the market ended last quarter up 9.7% from where it closed that day. The initial reaction was no surprise since the failure of the BJP to obtain the […]
Indian benchmark indices continued their record-high run on Thursday for the second straight session. The Sensex rose 406 points to its new high of 80,392.64 while the broader Nifty gained 114.5 points to its peak of 24,401. The Sensex reached the 80,000 mark for the first time on July 3. […]
June closed with a notable 6 percent gain for the Indian market, its highest monthly increase in 2024 and the largest since December 2023. This surge reflects strong investor confidence bolstered by positive economic signals, expectations of policy consistency, and renewed foreign investments. Looking forward, experts anticipate the bullish momentum […]