Tata Tech shares surge 3% despite Axis Capital predicting 9% downside
Shares of Tata Group company Tata Technologies today surged 3.3% to day’s high of Rs 1,083.45 on the BSE despite securing a ‘reduce’ rating and a target price of Rs 950 (a potential downside of 9%) for the stock from domestic brokerage firm Axis Capital. Axis Capital believes that there is no respite on growth…
READ MORE
Sobha shares fall 4% after total sales decline 32% YoY to Rs 1,179 crore in Q2
Shares of realty firm Sobha dropped nearly 4% to Rs 1,675.3 in Tuesday’s trade on the BSE following a 32% year-on-year (YoY) decline in total sales for the second quarter of FY25, amounting to Rs 1,178.5 crore. In comparison, the company reported total sales of Rs 1,723.8 crore in Q2 FY24. During this quarter, Sobha…
READ MORE
For a secure future, Sebi opts for tighter F&O rules
Mumbai: Stock traders must shell out more to punt in equity derivatives – and on fewer weekly contract choices than they now have – after the markets regulator introduced a raft of measures Tuesday to curb retail participation in a segment where at least nine out of ten participants have consistently lost money over the…
READ MORE
3 changes stock market investors need to be aware of from October 1
As Indian markets continue their bull run, investors are faced with key changes, effective October, which could impact their trading strategies and profits. Among the notable changes are charges levied by the exchanges, a hike in Securities Transaction Tax (STT), and revamped rules governing share buybacks. NSE, BSE revise transaction charges Leading stock exchanges BSE…
READ MORE
New BSE & NSE transaction fee, FII action among 8 factors likely to drive market this week
Nifty hit fresh intra-day record highs on each trading session last week ending with weekly gains of 1.5% led by banks and pharma stocks. When markets resume trading on Monday, a host of important domestic and global events lined-up during the week are likely to impact them. On Friday, benchmark indices took a breather as…
READ MORE
Power Grid shares surge 4.5% on Goldman Sachs positive outlook
Shares of Power Grid surged by 4.5% on the BSE to a new all-time high of Rs 366.20 after the global brokerage firm Goldman Sachs showed its optimism about the stock, setting a target price of Rs 370 with a buy rating.The government has upgraded the transmission capex estimate to $110 billion. An 8%+ transformation…
READ MORE
PC Jewellers shares rise 4% on considering stock split in upcoming board meeting
Shares of PC Jewellers today surged 4% to its new all-time high of Rs 157.30 on BSE after the company on Tuesday announced that it will consider and approve a stock split in its upcoming board meeting scheduled on September 30. “A meeting of the Board of Directors of the Company will be held on…
READ MORE
Reliance Power shares hit 5% upper circuit to fresh high ahead of board meeting
Shares of Reliance Power surged 5% in an early trading session today to hit its upper circuit and a new 52-week high of Rs 38.16 on BSE ahead of the company’s board meeting scheduled later today for considering fundraise plans. “We wish to inform you that a meeting of the Board of Directors of the…
READ MORE
JSW Steel shares jump 4% as Macquarie upgrades stock to overweight, hikes target price to Rs 1,077
JSW Steel shares surged 4% to its day’s high of Rs 984.40 on BSE after the global brokerage firm Macquarie upgraded its rating to overweight and with a target price of Rs 1,077, citing a positive outlook for India’s metals sector. In addition to upgrading JSW Steel’s rating to outperform, Macquarie has also raised the…
READ MORE
Macrotech shares rally 5% as Nomura initiates coverage, sees 30% upside
Shares of Macrotech Developers surged 5% to its day’s high of Rs 1,297.60 on BSE after the global brokerage firm Nomura initiated coverage on the stock with a buy rating and a target price of Rs 1,600, predicting a 30% upside potential. The global brokerage firm is positive on the stock’s future prospects given its…
READ MORE