Shares of Gujarat Gas surged 13.6% to its new all-time high of Rs 689.45 on BSE after the company on Friday announced the restructuring of its group entities Gujarat State Petroleum Corporation (GSPC), Gujarat State Petronet (GSPL), and Gujarat Gas, following which the brokerages have upgraded the stockβs target price up to Rs 715. Under…
READ MOREThe FMCG sector posted top-line growth, driven by a summer spike, although the general elections negatively impacted the sector. The outlook for H2 remains positive, as indicated by company commentaries. Revenue is expected to grow, supported by rural recoveries, according to multiple brokerages. With sector rotations underway and defensives like FMCG gaining investor interest, stocks…
READ MORETrading using borrowed money, or margin trading, in Japan’s stock market fell sharply last week as investors were forced to dump stocks during the Nikkei index’s biggest fall in nearly 40 years. BY THE NUMBERS Margin trading, which involves using borrowed cash from brokerages to ramp up bets in the stock market, is popular among…
READ MOREThe first quarter earnings are coming to a fag end and as many as 528 companies will announce their quarterly numbers on Monday. Key results to watch out for include that of IRFC, Vodafone Idea, NMDC, Hudco, SJVN and Voltas. Apart from the above, companies like AIA Engineering, Endurance Technologies, Nalco, Hindustan Copper, ITI, Natco…
READ MOREBENGALURU- Shares of Indian brokerages fell on Wednesday, a day after the markets regulator proposed several measures to curb trading in options. The Securities and Exchange Board of India (SEBI) on Tuesday evening proposed raising the minimum trading amount for index options by over three times, reducing the number of contracts expiring each week and…
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