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 […]
investing
Oriental Rail Infrastructure saw its shares hit the 5% upper circuit limit in early morning trading today, soaring to a new all-time high ₹379 per share following the announcement of contract win from Indian Railways. In an exchange filing on Wednesday, the company disclosed securing an order valued at ₹19.33 […]
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 […]
Presenting a comprehensive recap of the week’s highlights, spanning from top news to market performance, here’s your market wrap for the week concluding on July 5, 2024. Source link
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. […]
Small and Mid-caps have remained market favorites so far this calendar year. Stocks from this space have witnessed exceptionally strong demand by retail investors in the first half of 2024. Year-to-date, the Nifty Midcap and Nifty Smallcap indices have both surged approximately 21 percent, outperforming the benchmark Nifty’s 10.5 percent […]
After a strong 2023, foreign portfolio investor (FPI) inflows into Indian equities were relatively modest in the first half of 2024, amounting to ₹3,201 crore. This follows a substantial inflow of over ₹17,000 crore in the previous year. Despite the market’s bullish trend and multiple new highs, FPIs remained cautious […]
Presenting a comprehensive recap of the week’s highlights, spanning from top news to market performance, here’s your market wrap for the week concluding on June 28, 2024. Source link
According to Incred, the expected increase in gas costs driven by higher APM (Administrative Price Mechanism) prices and rising Henry Hub (HH) prices will offset the impact of lower LNG prices. As a result, earnings per share (EPS) are projected to decline after peaking in FY25F. Moreover, the electric vehicle […]