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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Dixon Technologies among 4 stocks that are near the buy point. Do you own any? – Bullish Outlook
Indian Railway Finance Corporation Share Price 181.45 10:19 AM | 26 Aug 2024 -1.97(-1.07%) One97 Communications Share Price 558.25 10:19 AM | 26 Aug 2024 3.4(0.62%) YES Bank Share Price 24.39 10:19 AM | 26 Aug 2024 0.0(0.0%) ITC Share Price 507.45 10:19 AM | 26 Aug 2024 1.65(0.33%) HDFC Bank Share Price 1646.9 10:19…
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sensex news: Sensex, Nifty off to a choppy start tracking global peers; all eyes on Powell speech
Domestic equity indices Sensex and Nifty opened flat on Friday, reflecting a pause in the global equities rally ahead of the Federal Reserve Chair Jerome Powell’s address later today, as markets await confirmation of U.S. rate cuts starting in September. The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was…
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Nykaa shares rise 4% after 1.4% stake sale via block deal
Shares of FSN E-Commerce Ventures, the parent company of Nykaa on Friday, rose 4% to the day’s high of Rs 218.75 on the BSE after investors Harindarpal Singh Banga and his wife, Indra Banga, likely sold a 1.4% stake in the company through a pre-market block deal. Reportedly 4.09 crore shares, or 1.4% of the…
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Shyam Metalics shares rally 11% as UBS initiates coverage, projects 57% upside
Shares of Shyam Metalics and Energy (SMEL) on Thursday jumped 11% to its new all-time high of Rs 844.85 after the global brokerage firm UBS initiated coverage on the stock with a target price of Rs 1,200, indicating a 57% upside potential. “We value SMEL on 8x EV/EBITDA on the FY26-27E average, in line with…
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IREDA shares jump 9% on Rs 4,500 crore fundraising plan
Shares of Indian Renewable Energy Development Agency (IREDA) jumped nearly 9% to Rs 259.3 in Thursday’s trade on the BSE, as the company’s board is expected to consider a proposal to raise Rs 4,500 crore in one or more tranches through a follow-on public offer (FPO) or other modes during its meeting on August 29….
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Nucleus Software shares rally 32% in 2 days as company to consider share buyback
Shares of Nucleus Software Exports have rallied 32% in two days going up to its day’s high of Rs 1,560 on BSE today after the company on Monday announced that its board will consider a share buyback in its upcoming board meeting to be held on August 22. Nucleus Software shares had hit the 20%…
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Genus Power shares rally 5% after company wins Rs 3,600 crore orders
Shares of Genus Power Infrastructure rose 5% to its new all-time high of Rs 438.35 on BSE after the company reported that it has won orders worth Rs 3,608.52 crore for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs). The orders for appointment of AMISPs also include the design of an Advance Metering Infrastructure…
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Mazagon Dock, GRSE shares fall up to 12% in 3 days. Here’s why
Shares of PSU stocks Mazagon Dock Shipbuilders and Garden Reach ShipBuilders (GRSE) have fallen nearly 12% and 7.4% respectively in the last three days after the domestic brokerage firm ICICI Securities issued a bearish report on Thursday predicting a downside potential of up to 77%. The domestic brokerage firm had retained its sell rating for…
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KEI Industries, Polycab shares surge up to 4% as UBS sees upside potential of up to 41%
Shares of wire and cable makers KEI Industries rose 4% to its day’s high of Rs 4,550 while those of Polycab rose 3.7% to Rs 6,881 on BSE after the global brokerage firm UBS initiated coverage on the stocks with a buy rating and a target price of Rs 6,150 and Rs 8,550 respectively. Stating…
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