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…
Inox Wind stock: In early trading on the BSE, Inox Wind shares emerged as the top losers, following reports indicating that the company’s promoter entity, Inox Wind Energy Ltd, had divested up to a 5% stake in the company through a block deal. The transaction was carried out at a floor price of Rs 151…
Krystal Integrated shares: Krystal Integrated Services Ltd experienced a notable surge of over 5 percent in its shares during Tuesday’s trading session following the release of impressive financial figures for the quarter and fiscal year concluding on March 31, 2024. These results mark the company’s inaugural quarterly report since its introduction to Dalal Street in…
Indian Overseas Bank shares: Shares of Indian Overseas Bank surged by 10.50 percent, reaching a high of Rs 74.29 in Friday’s trading session. However, despite this increase, the stock remained down by 11.35 percent from its 52-week high of Rs 83.80, which it achieved earlier this year on February 8. In terms of earnings, the…
RVNL share price: Rail Vikas Nigam (RVNL) experienced a 6 percent surge in its share price, reaching a 52-week high of Rs 398.35 during the opening trade on May 27. This increase followed the announcement that RVNL had emerged as the lowest bidder for a project by Maharashtra Metro Rail Corporation. On the BSE, shares…
Mukesh Ambani Mukesh Ambani, the richest man in Asia, is planning to launch a telecom business in Africa to gain mobile broadband users in a rapidly expanding market. According to Harkirit Singh, the executive director of NGIC, Ghana-based Next-Gen InfraCo will receive critical network infrastructure, apps, and smartphones from Radisys Corp., a division of Ambani-controlled…
