Zomato Shares Reach New Highs Zomato shares rose 2% on Thursday, reaching a record 52-week high of Rs 234 per share and a total market valuation of Rs 2.05 lakh billion. The stock’s value has increased thrice since its 52-week low. Zomato, a food delivery company, is slated to disclose its quarterly results for the…
Jio and Airtel 5G: Consumer spending on telecom services, including taxes, is projected to increase by approximately Rs 47,500 crore annually due to significant tariff hikes from India’s major telecom companies and higher rates for 5G services, as reported by The Economic Times (ET). Reliance Jio and Bharti Airtel have implemented substantial cost increases to…
Amara Raja stocks: Amara Raja Energy and Mobility’s stock surged by 20% to reach Rs 1,656, marking an all-time high on June 25. This increase followed the battery manufacturer’s announcement of a technical licensing agreement with Gotion High-Tech, based in China. Under this agreement, Gotion High-Tech’s subsidiary, GIB EnergyX, will license its LFP technology for…
MapMyIndia shares: Shares of C.E. Info Systems, the company behind MapMyIndia, surged by 20% to achieve a new all-time high during today’s afternoon trading session. This increase followed a buy recommendation from international brokerage Goldman Sachs, which initiated coverage on the stock. Goldman Sachs has projected a potential upside of 40% for the stock, setting…
JSW Steel stocks: Shares of metal giant JSW Steel reached a record high today, despite significant volatility in the broader market. The stock rose by 1.31%, hitting an all-time high of Rs 937.20, up from the previous close of Rs 925 in early trading. A total of 0.35 lakh shares were traded, resulting in a…
Adani Ports stocks: Adani Ports and Special Economic Zone shares have rebounded by 107% from their 52-week low over the past year. The stock hit its low of Rs 702.85 on June 23, 2023, but reached a record high of Rs 1,607.95 on June 3, 2024. However, it has since dipped by 10% from its…
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…
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…
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….
