Indian benchmark equity indices Sensex and Nifty opened lower on Friday, dragged down by banking, financial, and IT major Tata Consultancy Services (TCS), which reported a quarterly profit miss, marking a lackluster start to the earnings season for local tech firms. Additionally, Indian equities faced downward pressure as U.S. inflation data for September exceeded expectations,…
READ MOREIT stocks have outclassed most sectoral peers delivering aggregate 13% returns at an index level in the past 3 months. Midcap counter Coforge and Infosys are among the leaders in the pack with a lone exception in Wipro, which has seen its share price erode. Coforge tops the chart with 26% returns in the past…
READ MOREStating risk-rewards turn unattractive after the recent rally, domestic brokerage firm Kotak Institutional Equities has downgraded Tata Steel from a ‘Reduce’ rating to a ‘Sell’ rating with a target price of Rs 145, which indicates a downside of 9% from the previous closing price of Rs 159 per share. The brokerage expects Indian and European…
READ MOREShares of Senco Gold rose nearly 5% to Rs 1,418.5 in Wednesday’s BSE trade following the company’s strong business updates for the July-September period. The company’s retail growth increased by 27% year-on-year (YoY), while same-store sales growth (SSSG) rose to 20% in Q2, up from 4% in Q1. Senco Gold attributed its strong Q2 performance…
READ MOREShares of SpiceJet surged 9.5% to its day’s high of Rs 63 on BSE after the company announced that it will add 10 new planes to bolster its fleet and operations. “SpiceJet is set to significantly expand its fleet by the end of November with the induction of ten aircraft, marking a major step in…
READ MOREShares of Indian Oil Corporation (IOC) dropped 1% to Rs 178 in Tuesday’s trade after the company announced that it had withdrawn its Rs 22,000 crore rights issue because the government will not participate due to the lack of allocated funds for oil marketing companies (OMCs) in the Budget 2024-25. “This is in continuation of…
READ MOREShares of Reliance Power surged to a new 52-week high, hitting their 5% upper circuit for the sixth consecutive session on Tuesday at Rs 42.06 on the BSE. The stock has been in the spotlight recently, with its latest rally following a significant announcement made during the company’s board meeting on Monday. Reliance Power’s board…
READ MOREThe euphoria from the FED rate cut continued to lift the domestic market as benchmark Sensex soared 384 points on Monday to close at a new all-time high of 84,928, while Nifty too ended at a record peak of 25,939. The stocks that were in focus included names like ONGC, which rose 3.06%, Glenmark Pharma,…
READ MOREBajaj Holdings and Investment among 2 other companies are likely to remain in focus today as these had fixed September 25 as the record date for determining the eligible shareholders. The board of Bajaj Holdings declared an interim dividend of Rs 65 per share earlier this month and fixed September 25 as the record date…
READ MORE“A calm sea doesn’t make a skilled sailor ” This age-old wisdom holds true in Investing, where skills of an investor are often tested by the lashings of market volatility and other unpredictable and uncertain macroeconomic developments at a global scale. Given the turbulence periodically cropping up in global and domestic markets, it becomes critical…
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