The NSE benchmark has demonstrated consolidation with a 4.4 per cent up move over the past two months despite significant market volatility during the Lok Sabha elections 2024. ‘’Nifty 50 is trading at 15-year average PE with 14.9 per cent EPS CAGR over FY24-26. Our 12- month base case Nifty […]
ITC
Eight of India’s ten most valued companies collectively gained ₹3.28 lakh crore in market valuation last week, according to a PTI report. Tata Consultancy Services (TCS), Hindustan Unilever (HUL), and Reliance Industries (RIL) were the top performers. Overall, RIL maintained its position as the most valued company, followed by TCS, […]
Global brokerage firm CLSA has revised its India portfolio in response to the Lok Sabha election results. The firm, which recently listed 54 stocks as “Modi stocks,” has now limited its exposure to this category to only ONGC and Reliance Industries, as these have re-rated by less than 15% in […]
Last week, nine of the top ten most-valued firms collectively gained ₹1,85,320.49 crore in market valuation, with Reliance Industries Ltd and HDFC Bank leading the surge, reflecting a broader rally in equities. The BSE benchmark soared by 1,404.45 points, or 1.89%, and the 30-share BSE Sensex reached an all-time intraday […]
The stock declined around 1 percent to its day’s low of ₹436.90 in intra-day deals today, Friday, May 24. It has now corrected 12.5 percent from its peak of ₹499.60, hit in July last year but has advanced over 9 percent from its 52-week low of ₹399.30, hit on March […]
ITC Dividend: ITC announced its January-March quarter results for fiscal 2023-24 (Q4FY24) on Thursday, May 23. While releasing the quarterly numbers, the board recommended a final dividend of ₹7.50 per equity share for the face value of Re 1 each for fiscal 2023-24 (FY24), subject to approval of shareholders. ITC […]
Last week witnessed significant market valuation gains, with eight of the top-10 most valued firms collectively adding ₹1,47,935.19 crore. Notably, Life Insurance Corporation of India (LIC) and Reliance Industries stood out as the primary beneficiaries of this surge. During the same period, the BSE benchmark surged by 1,341.47 points, marking […]
However, in the second half of today’s trade, the market took a U-turn, led by gains in bluechip stocks, rise in broader markets as well as in most sectoral indices. The Sensex jumped as much as 611 points to its day’s high of 74,070.84, surpassing the crucial 74,000 levels while […]
Last week saw a collective decline in the market valuation of six out of the top-10 most valued companies, amounting to a substantial ₹1,73,097.59 crore. This trend was largely influenced by weak equities, as indicated by the BSE benchmark plummeting by 1,213.68 points or 1.64 percent during the same period. […]