Friday’s market surge lifted the weak indices, ending the week on a positive note. Easing food inflation, A gradual easing in food inflation and a price hike by FMCG companies, along with a recent correction in valuation, supported the sector to outperform. Additionally, the expectation of an increase in US spending is propelling the IT…
READ MOREShares of Religare Enterprises surged more than 9 per cent on the bourses on Tuesday amid reports that the Reserve Bank of India (RBI) has cleared Burman family’s open offer to acquire an additional 26 per cent stake in the company. According to reports, the RBI approval comes with conditions, including maintaining the existing management…
READ MOREShort-to-medium-term investors can look to buy the stock now for a target of Rs 650 in the next 2-3 months, suggested experts. Synopsis The IT stock climbed from Rs 381 on November 13, 2023, to Rs 570 on November 12, 2024, marking a 49.6% gain over the year. Riding this momentum, Wipro reached a 52-week…
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READ MOREShares of Reliance Infrastructure today rallied 12.4% to its new 52-week high of Rs 320 on BSE after the companyβs board approved raising of Rs 3,014 crore by preferential issue of up to 12.56 crore shares and convertible warrants at a price of Rs 240 apiece. βWe hereby inform you that the Board of Directors…
READ MOREShares of SBI Life climbed 3% to hit a 52-week high at Rs 1,684 in Thursday’s trade on BSE after the firm reported a standalone net profit of Rs 520 crore for the first quarter ended June 2024. This is a growth of 36% from Rs 381 crore posted in the same quarter last year….
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