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 […]
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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 […]
Voltas, a Tata Group company, has witnessed a remarkable surge in its stock price in recent months, reaching new highs with each passing month. From trading at ₹827 apiece in December, the company’s shares have surged by 80%, now trading at ₹1,485 apiece. This recent rally has propelled the stock […]
Emcure Pharmaceuticals, backed by Namita Thapar, made a remarkable debut on the Indian stock exchanges on Wednesday, July 10. The shares were listed at ₹1,325.05 apiece on the BSE, reflecting a 31.45 percent premium over the issue price of ₹1,008. Following the listing, Emcure Pharma’s shares climbed further to ₹1,384, […]
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 […]
The Nifty Pharma index hit a fresh 52-week high of 20,575.35 in intraday trade on Monday, July 8. The index, however, failed to hold altitude amid weak market sentiment and ended with a loss of 0.63 per cent, Snapping its six-day winning streak due to profit booking at record levels. […]
Shares of Kaya, a prominent provider of dermatological solutions, reached a 5-year high of ₹604.25 per share today, hitting the 10% upper circuit limit for the third consecutive trading day. This recent surge has propelled the stock to an 80% gain year-to-date, marking its largest annual increase since its listing […]
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