Adani Ports stock: On June 14, Adani Ports and Special Economic Zone (APSEZ) saw a rise in its share price following an upward revision in its target price by Kotak Institutional Equities, from Rs 1,550 to Rs 1,650 per share. This upgrade reflects the company’s consistent outperformance in FYTD24. Despite a sluggish start in the…
Vodafone Group intends to sell its entire $2.3 billion stake in India’s Indus Towers through stock market block deals next week, according to two sources familiar with the matter. This move is part of the British firm’s strategy to repay debt. Vodafone currently owns 21.5% of the mobile tower operator through various group entities, with…
Ambuja Cements share price: a company under the Adani Group, stated that it has acquired Penna Cement Industries Ltd. for an enterprise value of ₹10,422 cr. The share price of Ambuja Cements increased by almost 3% in early trade today, June 14, to reach a 52-week high. This comes after Penna Cement Industries Ltd. (PCIL)…
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…
