Asian Paints shares surged by more than 0.75 percent each on the Bombay Stock Exchange (BSE) this past Friday, May 10, 2024, defying expectations following leading brokerages like Jefferies, CLSA, and Citi slashing their share price targets. This surprising upward movement came hot on the heels of the company’s disappointing January-March quarter results, which were…
Tech Mahindra (TechM) has reported slightly better-than-expected revenue performance, showing a 0.8% quarter-on-quarter constant currency decline in Q4FY24. This was primarily driven by strong performance in the BFSI (Banking, Financial Services, and Insurance) vertical. The company also saw a notable 31% quarter-on-quarter growth in Total Contract Value (TCV), with an EBIT (Earnings Before Interest and…
Cochin Shipyard shares: The year 2024 has been exceptionally positive for Cochin Shipyard shares. In the previous session, the stock reached its highest-ever value of Rs 1,376.90. At this level, the stock had surged over 100 percent year-to-date and 450 percent over the past twelve months. On Friday, the stock was last observed trading at…
Jio Financial Services Ltd witnessed a significant decline in its shares during Monday’s trading session. The stock experienced a sharp slump of 5.73 percent, reaching a daily low of Rs 351. This marks a 7.32 percent drop from its recent all-time high of Rs 378.70, which was recorded earlier this month on April 8th. Technical…
Vedanta, a conglomerate dealing in metals and oil, announced on Thursday its plan to raise Rs 2,500 crore ($299.6 million) via way of debt instruments. The funds will be raised via the issuance of non-convertible debentures through private placement. The purpose for which the funds will be utilized was not specified by the company led…
Adani Power experienced a 5% surge in its share price, reaching its upper circuit for the second consecutive session on Tuesday, April 2, despite a generally weak market. Starting at Rs 574.05, up 2.4% from its previous close of Rs 560.35, the stock swiftly climbed to Rs 588.35, hitting the upper price limit on the…
LIC share price: In the fiscal year 2024, the Life Insurance Corporation of India (LIC) experienced positive returns from a majority of stocks in its portfolio. Notably, data indicates that at least 85 stocks held by institutional investors saw a remarkable rally, with gains exceeding 100% throughout the year. Leading the pack with an impressive…
IRFC shares: Indian Railway Finance Corporation Ltd (IRFC) witnessed a consecutive decline in its shares during Thursday’s trading session. The stock experienced a 1.12% drop, reaching a daily low of Rs 141.30. This marks a decrease of 26.71% from its one-year peak of Rs 192.80, which was recorded on January 23 earlier this year. Despite…
Wipro Ltd saw a significant decline in its shares during Friday’s trading session, mirroring the downward trend observed in other Indian IT stocks. This dip followed an announcement from the US software giant Accenture, which revised its revenue forecast for fiscal year 2024 downwards. Accenture holds a prominent position as the barometer for the Indian…
Bharat Dynamics shares: Shares of Bharat Dynamics Ltd surged by over 3% today following the approval of a stock split and interim dividend by the board of the state-owned defense company. The company’s shares soared by 3.52% to reach Rs 1720 apiece on the Bombay Stock Exchange (BSE), driving its market capitalization to Rs 31,016…
