GR Infra stock: During Thursday’s trading session, shares of G R Infraprojects Ltd surged by over 4 percent initially but later relinquished their gains as the session unfolded. Brokerage firms maintained a mixed outlook on the stock, with certain analysts indicating a potential downside of 40 percent in the counter. GR Infraprojects recorded a significant…
Adani Group shares took center stage during Friday’s trading session as listed entities within Gautam Adani’s conglomerate surged by 14 percent throughout the day. The diversified conglomerate maintained its consistent upward trajectory on the path to recovery following the critical report issued by the US-based short seller Hindenburg Research in January 2023. During Friday’s trading…
Zomato stock: saw a decline of over 5 percent on May 31 following a forecast by foreign brokerage Macquarie, predicting a nearly 50 percent drop in the food delivery platform’s share price over the next 12 months due to heightened competition in the quick commerce sector. As of 11:33 am, Zomato shares were trading at…
Awfis Space Solutions stock: Following a modest listing pop on Thursday, shares of Awfis Space Solutions Ltd maintained a rangebound trajectory. While the stock initially experienced some follow-up buying activity post-listing, profit booking at elevated levels limited its gains. As the maiden trading session progressed, the stock hovered close to its issue price towards the…
Paytm shares: For the second consecutive session on Thursday, shares of Paytm (listed as One97 Communications) surged to the upper circuit of 5%, even as the broader market experienced a correction. At 10:07 am, the stock rose by 4.99% to reach Rs 401.55 on the BSE. Over the past year, it has witnessed a decline…
Tata Steel shares dropped over 5 percent in Thursday’s trading session after the company’s Q4 earnings report fell short of market expectations. This downturn was largely due to domestic steel prices remaining under pressure, exacerbated by increased imports of finished steel from China. Shreyansh Shah, a Research Analyst at StoxBox, noted that although Tata Steel…
IRCTC shares experienced a 5.2% decline, dropping to an intraday low of Rs 1,027.15. This followed the company’s announcement of its net profit for the fourth quarter of FY24, which increased to Rs 284 crore from Rs 278.32 crore, marking a 2% year-on-year rise. The uptick in net profit was attributed to increased ticket sales….
PNB Housing Finance: On Wednesday, PNB Housing Finance Ltd witnessed a significant downturn, with its shares plummeting by 8.12 percent to reach a low of Rs 724.55. Currently, the stock is trading 5.33 percent lower at Rs 746.55. This price level reflects a considerable decline of 18.32 percent from its one-year high of Rs 913.95,…
Suzlon Energy shares: Nuvama Institutional Equities has recently started covering Suzlon Energy, expressing a favorable view towards the renewable energy company. They perceive Suzlon as the frontrunner in the wind energy sector, holding a dominant position. Aligning with other local brokerages, Nuvama foresees a potential 20% increase in Suzlon Energy’s stock value. With the energy…
RBI: ICICI Bank and Yes Bank were hit with fines by RBI after an inspection for FY22 found non-compliance. In short ‘Loans and Advances – Statutory and Other Restrictions’ was not followed by ICICI. ICICI failed in their due diligence to evaluate the sustainability and viability of Yes Bank broke the rules on Customer Service…
