Shares of IndiaMART InterMESH plunged more than 8 percent in intra-day trading on Wednesday after the company reported a significant drop in subscriber additions for the quarter ending June 2024 (Q1FY25). The company added only 1,500 subscribers in Q1FY25, far below analysts’ expectations, compared to 2,683 subscribers in the March […]
markets
Penny stock Vintron Informatics has emerged as a stellar success story, delivering exceptional returns to its investors over both long-term and recent periods. Its remarkable performance underscores the potential of penny stocks to generate significant value for investors willing to take on the associated risks. Over the last five years, […]
The Indian hospitality sector has been the talk of the town due to its stellar performance over the past two years, as the impact of Covid-19 abated. Occupancy rates and Average Room Rates (ARRs) have shown a robust increase, leading to significant improvements in key financial metrics such as EBITDA […]
Mid-cap and small-cap stocks have long been attractive for their high return potential. The Nifty Midcap index has outperformed the benchmark Nifty index for the fourth straight month in July (till date), rising 4.7 percent as against a 3.4 percent gain in Nifty. In 2024 as well, the mid-cap index […]
Shares of construction major NBCC (India) rallied over 8 percent in intra-day deals on Monday after the state-owned company announced that its arm, HSCC (India) Limited, has secured a significant order worth ₹411.45 crore. This development marks another milestone for the company as it continues to expand its portfolio of […]
Shares of KFin Technologies, a leading technology-driven financial services platform, continued their upward trend for the fourth consecutive session on Monday. The stock surged by 7.5%, reaching an all-time high of ₹833 per share, following the company’s strong performance in the June quarter. This performance was driven by new contract […]
Global brokerage house Nomura has increased the target price of auto component maker Sona BLW Precision Forgings following the company’s impressive results for the quarter ended June 2024 and a strong order book. Maintaining a ‘buy’ recommendation, the brokerage has raised its target price by nearly 15 percent to ₹788 […]
Shares of City Union Bank surged significantly in today’s intraday trading following the release of the company’s June quarter results, which were announced on Friday after market close. Investors responded positively to the report, particularly noting the reduction in provisions. For Q1 FY25, the bank reported a net interest income […]
There is nothing wrong with the budget, as it aligns with India’s long-term growth trajectory. However, the domestic investors had a wide expectation on the budget. Anticipated both revenue and capital expenditure to be increased further and expand the positive vibes built on by the vote of accounts and national […]
Buy or sell: This week, the Nifty index closed the trading week at 24,834, nearing its all-time high. Throughout the week, the Nifty fluctuated within a range of 24,000 to 24,800. This bullish trend may continue as the Nifty spot closed above the 24,600 mark, targeting the resistance levels of […]