Asian Paints shares: Asian Paints Ltd shares have extended their decline, dropping over 16% in the year 2023 thus far. The stock received a downgrade from CLSA, indicating potential further downside, particularly following Grasim Industries’ entry into the paint business. The overseas brokerage firm CLSA, based in Hong Kong, has downgraded the stock to ‘sell’….
Medplus Health Services: Despite a suspension order issued to one of its subsidiaries by the Drugs and Control Authorities of Mahabubnagar, Telangana, Medplus Health Services witnessed a 3 percent increase in its shares during early trading on February 26. By 9:37 am, Medplus Health Services was priced at Rs 710.10, marking a rise of Rs…
Sensex and Nifty: At around 10:00 am, the S&P BSE Sensex dropped 310.32 points to reach 72,832.48, while the NSE Nifty50 declined by 90.05 points to settle at 22,122.65. In short Nifty and Sensex open lower as IT stocks decline. Early trading sees a lot of volatility in markets. Paytm stock hits the upper circuit…
Zurich Insurance: Earlier this month, the Competition Commission of India (CCI) approved Zurich Insurance Company’s acquisition of a 70% stake in Kotak Mahindra General Insurance Company. Kotak Mahindra Bank has confirmed that Zurich Insurance Company will acquire a 70% stake in Kotak General Insurance Company Limited for Rs 5,560 crore in a single installment. The…
Tata Steel shares are hovering around their all-time high, hitting Rs 147.35 on February 7, 2024. Despite closing slightly lower at Rs 145.50 last Friday, marking a marginal dip of 0.24%, the metal stock continues to demonstrate strong performance. In 2024, the stock of Tata Steel Ltd. produced returns in the single digits. The BSE…
Nvidia: Apple and Microsoft each took over two years to double their valuation from $1 trillion to $2 trillion. However, Nvidia is poised to achieve this milestone in under a year, riding the wave of Wall Street’s AI frenzy. Nvidia Corp’s shares experienced a 0.4% increase on Friday, closing at a valuation of $1.97 trillion,…
Wipro, HCL Tech, TCS, Infosys, and TechM shares: Based on projections of significant deal-driven growth acceleration, the consensus 12-month forward profit growth forecast for the two IT companies stands at 11% at the moment. Over the previous 12 months, the average expectations for the earnings per share (EPS) of the top five IT companies—Tata Consultancy…
Kalahridhaan Trendz: On February 23, fabric manufacturer Kalahridhaan Trendz debuted on the NSE SME platform, trading at a 4.7 percent premium above the issue price. The stock opened at Rs 47.15, exceeding the issue price of Rs 45. Before the listing, the share was trading at a 6.6 percent premium in the grey market, an…
Taking Stock: During today’s incredibly volatile trading session, the benchmark indices managed to completely reverse all losses from the previous session. The Nifty soared to reach an unprecedented all-time high of 22,252.50, driven by widespread buying across various sectors. Amidst mixed global signals, the market kicked off on a flat note. However, profit booking from…
Juniper Hotels IPO: As of February 22, the second day of bidding, investors’ response to Juniper Hotels’ public offering has been muted, with only 13% of investors subscribing. High net-worth people purchased 0.07 times the allotment, while retail investors bid 63%. The company intends to issue an additional 5 crore shares to raise Rs 1,800…
