PG Electroplast shares soar 15% on EV and battery assembly venture
Shares of PG Electroplast today rallied 15% to their new 52-week high of Rs 718.35 on the BSE after the company’s wholly-owned subsidiary PG Technoplast has signed an agreement with Spiro Mobility for an exclusive partnership for manufacturing Spiro’s EV in India. “PG Electroplast Ltd. (PGEL), one of the pioneers and leaders in Electronic Manufacturing…
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Wall St indexes end lower after Powell erodes hopes for December rate cut
Wall Street’s main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors’ hopes for another interest rate cut this year by saying the U.S. central bank need not rush to ease monetary policy. Powell said at a Dallas Fed event that with the economy still growing, the job market solid and…
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Stocks to buy or sell today: Wipro, ONGC among top 6 trading ideas for 14 November 2024
Indian market is likely to consolidate on Thursday tracking mixed global cues. India VIX, the volatility gauge, surged 5.79% to close at 15.43 on Wednesday, indicating heightened caution. The Nifty future closed negative with losses of 1.10% at 23,696 levels. On the options front, the maximum Call OI is placed at 24,000 and then towards…
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Hot Stocks: Brokerages see 11-30% upside in Apollo Tyres, Eicher Motors & L&T
Global brokerage firms have shared their insights on key stocks, highlighting investment opportunities with potential upsides. Goldman Sachs has reiterated its confidence in Eicher Motors and Larsen & Toubro (L&T), citing strong growth drivers and robust performance indicators. Meanwhile, UBS has maintained its bullish stance on Apollo Tyres, emphasizing a promising outlook despite mixed quarterly…
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Swiggy shares surge 9% after listing, market cap crosses Rs 1 lakh crore
Shares of leading food delivery player Swiggy surged 9% to Rs 449 on BSE in Wednesday’s trade after making its Dalal Street debut at Rs 412. Meanwhile, the company’s market capitalization crossed Rs 1 lakh crore mark. Swiggy’s muted debut on Dalal Street was marked by a small premium of 8% over its issue price….
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Shree Cement shares fall 4% after Q2 results disappoint. Should you invest?
Shares of Shree Cement dropped 4% on Tuesday to an intraday low of Rs 23,500.15 on the BSE after the Kolkata-based company’s Q2 profit plunged more than 80% on year to Rs 93.13 crore. The profit was weighed down by weakness in both demand and prices for the building material during the three months. While…
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Bitcoin nears $90,000 as speculation grows over Trump’s pro-crypto regulatory plans
Bitcoin soared to a new all-time high of $89,600, edging closer to the significant $90,000 mark, driven by speculation over potential pro-crypto regulatory shifts in the United States. The cryptocurrency experienced a 9% jump in the last 24 hours, buoyed by optimism following Donald Trump’s presidential election victory and expectations of a crypto-friendly administration. Reports…
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The return of Trump implies the return of volatility for stock markets
Donald Trump has been elected as the 47th president of the US. Republicans have control of the Senate too. If the Republicans also manage to get control of the House, it would strengthen Trump’s hand further. We will have to wait and see if that happens. Nevertheless, given that Trump has been elected president, it…
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UPL shares rise nearly 6% despite widened Q2 loss, analysts weigh
Shares of agrochemicals manufacturer UPL on Tuesday rose 5.6% to their day’s high of Rs 552.70 on the BSE trade after the company reported a net loss of Rs 443 crore for the second quarter of FY25, widening over 2.3 times from the year-ago period. The company reported a revenue of Rs 11,090 crore for…
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Niva Bupa Healthcare IPO subscribed 1.8 times on final day of bidding process. Check GMP, other details
Driven by a robust demand from retail investors, the initial public offer (IPO) of Niva Bupa Healthcare sailed through on Monday, the last day of the bidding process, being subscribed by 1.8 times. Retail participants had bid for 8,56,92,200 shares from the 3,14,28,571 reserved for them, subscribing to the issue by 2.73 times. This was…
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