IT stocks surge up to 26% in 3 months; Infosys, Coforge, TCS among top brokerage bets
IT 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…
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Tata Steel downgraded to ‘Sell’ as Kotak Institutional Equities sees risk-reward turning unattractive
Stating 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…
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Senco Gold shares climb 5% on strong Q2 business updates
Shares 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…
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SpiceJet shares rally 10% as co to add 10 new aircraft to fleet by November-end
Shares 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…
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Indian Oil shares drop after co withdraws Rs 22,000 crore rights issue
Shares of Indian Oil Corporation (IOC) dropped 1% to Rs 178 in Tuesday’s trade after the company announced that it had withdrawn its Rs 22,000 crore rights issue because the government will not participate due to the lack of allocated funds for oil marketing companies (OMCs) in the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…
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Reliance Power shares hit 5% upper circuit for 6th straight day, reach fresh 52-week high. Here’s why
Shares 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…
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Big movers on D-Street: What should investors do with ONGC, Glenmark Pharma and Reliance Power?
The 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,…
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Bajaj Holdings among 3 stocks to trade ex-dividend tomorrow. Do you own any?
Bajaj 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…
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How to build a resilient portfolio to achieve sustainable growth
“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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Bajaj Housing Finance shares snap 2-day losing streak, jump 5%
Bajaj Housing Finance shares broke their two-day losing streak, jumping 5% on the BSE in Friday’s trade, reaching an intraday high of Rs 168, renewing investor interest after the recent decline. The stock is currently sitting on gains of 140% since its listing against its issue price of Rs 70 per share. Soon after its…
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