Adani Wilmar has been in focus after the Adani Group firm shared its business updates for the first quarter (Q1FY25). The FMCG firm reported a 13 percent year-on-year growth in volumes in the June quarter. This success came despite industry challenges during the quarter, such as decreased out-of-home consumption and […]
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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 […]
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
Japan’s Topix stock index powered past its bubble-era peak to a record high, as the buying momentum spread beyond a narrow set of stocks and underscored the firm foundations of the rally. The broad-based benchmark climbed as much as 0.6% to 2,887.97 at about 9:09 a.m. on Thursday, soaring above […]
Wall Street traders sent stocks higher as bonds yields fell after a string of weaker-than-estimated economic reports reinforced the case for the Federal Reserve to start cutting rates this year. In a shortened session ahead of the US holiday, the S&P 500 hit a fresh all-time high on bets Fed […]
June closed with a notable 6 percent gain for the Indian market, its highest monthly increase in 2024 and the largest since December 2023. This surge reflects strong investor confidence bolstered by positive economic signals, expectations of policy consistency, and renewed foreign investments. Looking forward, experts anticipate the bullish momentum […]
Profit booking at higher levels took center stage as the Indian stock market benchmarks—the Sensex and the Nifty 50—ended their four-day winning streak with losses on Friday, June 28. Despite hitting fresh all-time highs during the session, both benchmarks succumbed to profit booking as investors took gains amid mixed global […]
The Indian market is experiencing relentless bullish momentum characterized by a series of record highs, frequent milestone achievements, and the establishment of new benchmarks. On Thursday, June 27, the benchmark Nifty breached the 24,000 mark for the first time. Continuing the rally, the Nifty 24,100 points for the first time, […]