Nestle India stocks climbed 3% to reach an intraday high of Rs 2,614.45 following its decision to continue paying a general license fee, or royalty, to its parent company, Societe des Produits Nestle S.A. The current royalty rate stands at 4.5% of the net sales. Nestle (India) stated in an exchange filing, “Upon the recommendation…
Jio Financial shares: In Thursday’s session, shares of Jio Financial Services Ltd were trading 0.42 percent higher at Rs 362.45. Year-to-date, the stock had surged by 54.53 percent in 2024. However, despite this upward movement, it remained 8.17 percent below its record high of Rs 394.70, reached on April 23 this year. Formerly known as…
Mahindra Finance shares: Mahindra & Mahindra Financial Services Ltd saw a reversal in its fortunes on Thursday, as its shares recovered from early losses and turned positive. The stock initially dropped 0.64 percent, hitting a low of Rs 288.15 in the early session. However, it later rebounded, rising 2.85 percent from that low to reach…
Suzlon Energy shares: Suzlon Energy Ltd shares grabbed attention in Tuesday’s trading session following a significant order win and the recent resignation of an Independent Director, who expressed concerns about corporate governance standards and transparency at the company. Despite this development, analysts have mostly upheld a ‘Buy’ rating on the stock, citing recent robust order…
Reliance Power shares: Shares of Reliance Power Ltd surged to their 10 percent upper price band of Rs 28.67 in Tuesday’s trading session. Nevertheless, the stock has pulled back by 16.54% from its 52-week high of Rs 34.35, which was reached earlier this year on April 5th. The stock witnessed heavy trading volume on the…
GAIL Shares: Shares of GAIL India surged 3 percent to Rs 214 in afternoon trade on June 11 after Morgan Stanley reiterated its ‘buy’ recommendation on the stock, spurred by the company’s plans to establish a 1,500 KTA ethane cracker project in Madhya Pradesh valued at Rs 60,000 crore. The international brokerage has set a…
Reliance Infrastructure stocks: Shares of Reliance Infrastructure Ltd saw a sharp uptick in Monday’s trading session, surging 14.55 percent to reach a high of Rs 192.15. The stock was last observed trading 9.15 percent higher at Rs 183.10. Despite this rise, the scrip has declined by 13.08 percent on a year-to-date (YTD) basis. Recently, Reliance…
Wipro stocks: Wipro shares surged 5.5% to reach an intraday high of Rs 486.40 from its last close of Rs 461. The sharp increase in the company’s stock price followed the announcement of a significant deal worth $500 million with a prominent US Communication Service Provider. According to a filing by the company to the…
Heritage Foods: For the second straight session, Telugu Desam Party (TDP)-affiliated companies’ shares, such as KCP Ltd. and Heritage Foods Ltd., continued to rise on Thursday. This resulted from press reports stating that Chandrababu Naidu, the leader of the TDP, may support the National Democratic Alliance (NDA) and that he is anticipated to become the…
Adani Group stocks shot higher on Monday, with the majority reaching their 52-week highs. This was in response to the general upbeat mood of the Indian markets, which was heightened by exit polls that showed the government led by Prime Minister Narendra Modi winning handily with a sizable majority for the third time in a…
