Adani Energy shares fall 10% on getting bad news from MSCI
Shares of Adani Energy Solutions on Thursday fell 10.37% to Rs 963 on BSE earlier in the day after global index services provider MSCI failed to include the stock in MSCI Global Standard Index citing an earlier show cause notice from Sebi in the wake of allegations made by Hindenburg. The Street was expecting Adani…
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Wockhardt shares tumble 5% after launching QIP at 8% discount
Shares of Wockhardt today fell by 5% to their low of Rs 1,207.15 on the BSE after the company on Wednesday announced that it had launched a qualified institutional placement (QIP) at a floor price of Rs 1,162.25. The floor price indicates a steep discount of 8.5% over the stock’s closing price on Wednesday. “We…
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Voltas, BSE among 5 stocks to be added to MSCI Global Standard Index – Fresh Faces
IRFC Share Price 154.6 12:22 PM | 7 Nov 2024 0.6(0.39%) Suzlon Energy Share Price 67.87 12:22 PM | 7 Nov 2024 -1.45(-2.1%) IREDA Share Price 207.35 12:23 PM | 7 Nov 2024 -2.56(-1.22%) Tata Motors Share Price 827.55 12:23 PM | 7 Nov 2024 -12.16(-1.45%) YES Bank Share Price 20.96 12:23 PM | 7…
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Tata Motors shares fall 2% as October sales remain flat YoY
Shares of Tata Motors today fell by 2.2% to an intraday low of Rs 825 on the BSE after the company reported a muted growth in its monthly auto sales on a yearly basis at 80,839 units. The company reported total sales of 82,682 units in October 2024, nearly unchanged from the 82,954 units sold…
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Small and midcap stocks rally up to 44% in one week amid existing market weakness
Amid an overall weak market sentiment, individual small and midcap stocks enjoyed their northward rally with shares of WPIL Ltd surging by as high as 44.16% in just one week. Shares of Prudent Corporate Advisory Services rallied 40% to close the week at Rs 3,577.65 on the BSE. The stock had gained 14.75% in the…
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Diwali sale or trap? 12 stocks crash at least 40% after giving multibagger returns
Reminding investors of the iron rule of mean reversion in financial markets, 12 stocks like Cochin Shipyard, HUDCO and Bharat Dynamics have crashed at least 40% from their 52-week high levels after giving multibagger returns in the last one year. A study of all BSE-listed stocks with a market capitalization of at least Rs 1,000…
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Zomato gives a clarification to BSE on platform fee hike
(This story originally appeared in on Oct 24, 2024) Zomato has a clarification on the recent platform fee hike – a day after the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) reportedly sought clarification from the online food delivery platform. Zomato said that the Rs 10 platform fee hike is “not a rumour”….
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GRSE stock rises 5% after securing defence contract of Rs 491 crore
Shares of Garden Reach Shipbuilders & Engineers Ltd (GRSE) rose 5% to Rs 1847 on BSE in Monday’s trade following the company’s receipt of a Letter of Intent from the Naval Physical & Oceanographic Laboratory (NPOL), part of the Ministry of Defence’s DRDO. The contract, worth Rs 491 crore, is for the design, development, and…
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IndiaMart shares tumble 18% after Q2 results. Should you buy, sell or hold?
Shares of IndiaMart InterMesh-operated IndiaMart today fell by 18% to Rs 2,466.80 on the BSE even as the company reported nearly a 95% YoY jump in its Q2 PAT at Rs 135.1 crore. Additionally, the company also reported an 18% jump in its revenue on a year-on-year basis (YoY) at Rs 348 crore for the…
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D-Street’s record 11-month stock rally is at risk as profits cool
India’s stocks have powered ahead in recent months as surging earnings outweighed fears about lofty valuations. That dynamic is at risk with companies forecast to report slowing profit growth. Brokerages predict that companies in the benchmark NSE Nifty 50 Index will either report flat or low single digits profit gains for the quarter ended September….
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