Mahanagar Telephone Nigam Ltd. (MTNL) share price was locked at 5% upper circuit at ₹88.06 on Wednesday, extending its rally for the ninth straight session. MTNL shares have more than doubled in the last nine days after hitting back-to-back upper circuit limits. The rally in MTNL shares began after reports […]
PSU stocks
Small-cap and mid-cap stocks have witnessed an explosive surge of more than 25%, indicating a broad-based market rally and a potential change in investor sentiment. What’s even more intriguing is how individual stocks have defied expectations. Cochin Shipyard, the belle of the ball, was the Sensex’s best-performing stock during the […]
Shares of MOIL, the country’s largest manganese ore producer, rose by 9% to reach ₹534.95 apiece in today’s early trade following the company’s Q1FY25 production update. In a filing on Tuesday, the company announced that it registered record quarterly sales and production since its inception, with a remarkable growth of […]
Modi 3.0: After the allocation of portfolios in the Modi cabinet, the Indian stock market has been on a bull trend as most of the frontline indices are either touching new highs or fast approaching record-high levels. According to stock market experts, the Indian stock market is heading for the […]
Modi cabinet 2024: After the formation of the Modi 3.0 government in New Delhi and Nirmala Sitharaman being retained as Finance Minister, the market is expecting continuity of the business and economic policies for the next five years. From the Indian stock market, investors must have their fingers crossed that […]
Expert view: Following the Lok Sabha election 2024 results, the D-Street witnessed a bloodbath on Tuesday, June 4. However, in the previous three sessions, domestic benchmark indices have extended advances into the third straight session, ending at new closing highs on Friday, June 7. Despite a 6% loss on June […]
The market had expected Prime Minister Modi securing a consecutive third term with an absolute majority in the lower house of Parliament which would have benefited the Indian economy and the stock market. Also read: Election Results 2024: Here’s what to expect from Indian stock market and what should be […]
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 […]
Eminent investor Basant Maheshwari in his YouTube live, on June 4, warned the PSU stocks holders as the market momentum from PSU, defence and renewable energy could shift amid formation of new government. Several brokerages had identified several stocks (Modi stocks) which could gain from the emergence of a Modi […]
PSU stocks, which experienced a sharp bull run during Monday’s trade, tumbled swiftly in today’s session as the actual vote count painted a different picture than the exit polls, which had projected a clear victory for the BJP-led NDA in the 2024 Lok Sabha election. In today’s trading session, the […]