Gift Nifty: Stock markets are expected to open Monday’s trading session on a negative note, influenced by a somber sentiment in global markets and a potential technical correction following recent substantial gains. As of 07:00 AM, Gift Nifty futures were priced at approximately 23,428, suggesting a probable gap-down opening of more than 75 points for…
Muthoot Microfinance shares: Shares of Muthoot Finance surged more than 4 percent to Rs 252 each on June 20, following a ‘buy’ rating from UK-based brokerage firm Investec. The firm cited a strong growth outlook and set a target price of Rs 350 per share. Year-to-date, the stock of this micro-finance institution has risen over…
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…
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…
Wipro stocks: Wipro shares surged 5.5% to reach an intraday high of Rs 486.40 from its last close of Rs 461. The sharp increase in the company’s stock price followed the announcement of a significant deal worth $500 million with a prominent US Communication Service Provider. According to a filing by the company to the…
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….
Bikaji Foods International saw a significant surge in its stock price by over nine percent on May 24 following its robust financial performance. The company reported a remarkable 200 percent increase in net profit, reaching Rs 116.3 crore, while revenue from operations climbed by 12.8 percent year-over-year to Rs 520.8 cr for the quarter ending…
IREDA shares: IREDA’s stock soared by nearly 13%, reaching an intraday peak of Rs 192.20, following the company’s elevation to Navratna status. In an exchange filing, IREDA announced, “Under Regulation 30 of SEBI (Listing Operations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Department of Public Enterprises (DPE), through its letter dated April…
Hatsun Agro Product shares: Hatsun Agro Products saw its shares surge by almost 14% to reach an intra-day peak, buoyed by robust earnings in Q4 FY24. In Q4 FY24, the company witnessed a significant surge in net profit, reaching Rs 52.16 crore, compared to Rs 25 crore in Q4 FY23. Additionally, its revenue from operations…
Reliance Infra stock: On April 10, shares of Reliance Infrastructure plummeted by 20 percent, reaching a lower circuit limit at Rs 227.4. This drop came following a Supreme Court directive instructing its airport metro arm to refund arbitral award payments received from the Delhi Metro Rail Corporation (DMRC). The Supreme Court approved DMRC’s curative petition,…
