Trading of Tata Motors DVR shares suspended. Here’s why
Trading of Tata Motors DVR shares will stop today as Tata Motors on Tuesday announced that trading of its differential voting rights (DVR) shares will cease due to their conversion into ordinary shares.The company had planned to cancel the DVR shares, which have been listed since 2008, and replace them with ordinary shares. For every…
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D-Street at record high! Sensex jumps 400 pts, Nifty above 25,150 led by bank & IT stocks
Indian benchmark indices, Nifty50 and Sensex, rebounded from a slow start to hit record highs on Thursday, fueled by gains in financial and IT stocks. The BSE Sensex was trading at 82,150 points, up 365 points or 0.45%. The Nifty 50 was at 25,150, up 98 points or 0.39%, around 1:05 pm. Despite the rally,…
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Stocks to buy today: Bajaj Auto, Aurobindo Pharma among top 8 trading ideas for 29 August 2024
Indian market is likely to consolidate on Thursday tracking mixed global cues. The Nifty future closed positive with gains of 0.15% at 25055 levels on Wednesday. India VIX was up by 2.55% from 13.70 to 13.98 levels. On the options front, the maximum Call OI is placed at 25,100 and then towards 25,500 strikes while…
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Paytm shares rally 5% on getting govt nod for downstream investment in payments arm
Paytm shares jumped 5% on the BSE in Thursday’s early trade, reaching a high of Rs 565, after the company received approval from the finance ministry to invest in its payment services business. After this approval, the payment services business, Paytm Payments Services Limited (PPSL), will resubmit the application for its payment aggregator license. “We…
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Bandhan Bank shares: Samvardhana Motherson, Bharat Forge among 5 stocks with short buildup – On Radar
Indian Railway Finance Corporation Share Price 180.96 04:06 PM | 28 Aug 2024 0.12(0.07%) One97 Communications Share Price 538.0 04:06 PM | 28 Aug 2024 -7.15(-1.32%) YES Bank Share Price 23.96 04:06 PM | 28 Aug 2024 -0.06(-0.25%) ITC Share Price 497.3 04:01 PM | 28 Aug 2024 -3.31(-0.66%) HDFC Bank Share Price 1637.1 04:06…
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Zee Entertainment shares rise nearly 3% after settlement with Sony India
Shares of Zee Entertainment rose 2.7% on BSE to its day’s high of Rs 154.85 after the company on Tuesday said that it has entered a settlement of all disputes arising out of its merger with Culver Max Entertainment (formerly Sony Pictures). The announcement was made during the market hours following which, the company’s shares…
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Tata Tech, Trent in focus amid large block deals
Shares of Tata Group companies Trent and Tata Technologies were in focus on Tuesday after block deals were witnessed in the pre-market window. Trent’s shares rose 1% to a day’s high of Rs 6,998.15, while Tata Technologies’ shares fell 3.4% to the day’s low of Rs 1,013 on the BSE. However, nearly an hour later,…
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Ceigall India shares rally 7% after Q1 PAT jumps 80% YoY
Shares of the recently-listed Ceigall India surged 7% on the BSE on Tuesday, reaching the day’s high of Rs 421.75 following the company’s announcement of its first quarterly results since its listing, reporting a net profit of Rs 80 crore for the June quarter. The net profit was an 80% jump on a year-on-year (YoY)…
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Ola Electric shares under pressure, nosedive 22% in 5 days
Amid some profit booking and broader market volatility in the past week, Ola Electric Mobility shares faced significant pressure as they fell 22% in the last five trading sessions. The stock has tumbled 24% from its peak of Rs 157.40, which was made on August 20. Just seven days after its listing on the bourses,…
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Mamaearth shares jump 14%, hit all-time high. Here’s why
Shares of Honasa Consumer, the parent company of Mamaearth, surged 14% on Monday, reaching an all-time high of Rs 535 during intra-day trade on the BSE. The stock’s rally followed the company’s announcement of a positive development regarding its ongoing amalgamation process. The surge in buying interest came after the company received an order from…
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