Additionally, HDFC Securities has assigned an ‘add’ rating to Max Healthcare Institute, Dr. Lal PathLabs, and Metropolis Healthcare, with price targets of ₹900, ₹2,700, and ₹2,010, respectively. The brokerage anticipates that India’s healthcare sector is on track for continuous expansion, driven by factors such as an aging population, a rise […]
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The Nifty 50 closed the week with a gain of 2.03%, marking its most significant weekly increase since January 2024, while the Sensex also ended the week with a gain of 1.85%, its highest since January. Several factors contributed to this upward movement. Firstly, there were expectations of a rate […]
The rebound in the automotive sector was propelled by several factors, including a boost in economic growth and higher personal incomes, which drove up demand for commercial vehicles (CVs). Furthermore, there was a significant transition from public to private transportation and a growing preference for premiumisation, leading to an increased […]
Top News India’s foreign exchange reserves (Forex) increased by USD 2.56 billion to reach USD 644.15 Billion for the week ending May 10. Shares of Indegene got listed at a premium of 45% over issue price of ₹452 and shares of TBO Tek got listed at a premium of 55% […]
In May, the Indian market reversed its upward trend of three consecutive months, experiencing a downturn. This shift is attributed to several factors, including rising US bond yields, continued foreign investor outflows, and investor apprehension over global uncertainties amidst the Lok Sabha elections. Amid the uncertainties domestic brokerage house ICICI […]
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 […]
On Friday, May 17, the Sensex closed 253 points, or 0.34 per cent, higher at 73,917 while the Nifty 50 closed the day at 22,466, up 62 points, or 0.28 per cent. Mid and small-cap segments witnessed strong buying interest. The BSE Midcap and Smallcap index jumped 1.18 per cent […]
Despite these significant gains, many experts continue to view the stock as an appealing long-term investment opportunity. PFC share price rose almost 3 per cent in intraday trade on BSE on Friday, May 17, looking set to extend its winning streak into the fourth consecutive session, buoyed by the company’s […]
Once a penny stock, Rajnish Retail has given multibagger returns in the long term. The stock has skyrocketed 1101 percent in the last one year from ₹7.51 in May 2023 to touch its record high of ₹90.19 in intra-day deals today. In the last 5 years as well, the stock […]
India’s largest natural gas company GAIL declared results for the quarter ended March 2024 (Q4FY24). The company posted a 260 percent jump in its March quarter standalone net profit at ₹2,177 crore as against ₹603.5 crore in the same period last year. However, on a sequential basis, the firm’s net […]