June has proven to be a strong month for Avenue Supermarts (DMart) as its stock surged by approximately 10%, marking a notable rebound following a decline of 6.5% in May. DMart saw its stock rise by 21% over the three-month period from February to April. However, the year started on […]
stocks
According to Incred, the expected increase in gas costs driven by higher APM (Administrative Price Mechanism) prices and rising Henry Hub (HH) prices will offset the impact of lower LNG prices. As a result, earnings per share (EPS) are projected to decline after peaking in FY25F. Moreover, the electric vehicle […]
A renewed bout of volatility hit Nvidia Corp., which dropped during its annual shareholder meeting. The poster child of the artificial-intelligence frenzy has been on a roller-coaster ride, mostly driving broad-market direction. Fellow megacap Amazon.com Inc. reached a $2 trillion valuation in a rally that took the e-commerce giant deeper […]
Bharat Forge Ltd shares have doubled over the past one year, beating the Nifty Auto index’s 70% returns. The product portfolio of India’s largest exporter of auto components is immune to technological changes – a factor that could have aided the stock’s outperformance. Whether vehicles use traditional fuels, lithium-ion batteries […]
The stock hit its record high of ₹1,199.35 and its market cap crossed $100 billion in intra-day deals today. The stock has now risen over 33 percent from its 52-week low of ₹898.85, hit on October 26, 2023. “While we estimate margins to remain range-bound in the near term, the […]
Stocks struggled to gain traction as an almost $400 billion plunge in Nvidia Corp. raised speculation that the rally in the industry that has powered the bull market was due for a breather. While several industries outside the technology world advanced on Monday, Nvidia extended a three-day rout to more […]
Raghuram Rajan, former governor of the Reserve Bank of India (RBI), on Monday warned of fake videos circulating on several social media platforms falsely claiming to feature investment advice given by him. He also urged investors to disregard these fake videos where he has touted specific stocks and investments. Rajan, […]
Before that, the stock had risen by 2.6 percent in April but faced losses in the first three months of the year. It declined by 3.3 percent in March, 5.8 percent in February, and 12.3 percent in January. Overall, in 2024, the stock has declined 13 percent while it has […]
Stock market today: Frontline indices, the Sensex and the Nifty 50, ended with losses on Friday, June 21, mirroring weak global sentiment after the US dollar hit a multi-week high level. Nifty 50 hit its record high of 23,667.10 soon after opening but failed to hold gains due to the […]
Shares of textile manufacturer Raymond surged 12 percent in intra-day deals today to hit a record high of ₹2,694.95 apiece. The stock is now over 81 percent higher than its 52-week low of ₹1,487, hit on December 1, 2023. The rise in Raymond comes on the back of a strong […]