Weekend Wrap: From Vedanta to Hindustan Zinc, top market movers this week

Top News NSE will launch four new indices on 8 April 2024 which are Nifty Tata Group 25% Cap, Nifty 500 Multicap India Manufacturing (50:30:20), Nifty 500 Multicap Infrastructure (50:30:20) and Nifty MidSmall Healthcare. India’s foreign exchange reserves (Forex) reserves increased by USD 2.95 billion to reach USD 645.58 BillionRead More →

Nifty Auto soars 75% in FY24; what lies ahead for the sector?

In Q3FY24, automotive companies experienced favorable year-on-year volume growth across multiple segments. This increase in volume was further reinforced by improved realisation, attributed to the implementation of premiumisation strategies and enhanced net pricing. Additionally, favorable margin performance was achieved through a beneficial product mix and advantages derived from the easingRead More →

VIP Industries shares extend gains for second day, jump over 8.5%; here’s why

Extending their winning streak for the second straight day, shares of VIP Industries, a prominent Indian luggage brand, surged by 8.73% in today’s morning trade, reaching ₹506.25 apiece. This uptick follows the company’s March investor presentation, wherein it outlined key targets for FY25.  These include achieving a double-digit revenue growthRead More →

Multibagger stock: HEG skyrocketed over 105% in a year, up 365% in 4 years

After experiencing a prolonged downward trend from October 2021 to March 2023, the company’s shares experienced a notable rebound in the subsequent month. Since then, they have consistently followed an upward trajectory, surging from ₹920.70 to the current trading price of ₹1,902.  Also Read: Holi 2014 to Holi 2024: Nifty 50Read More →

Huge Upside! Ventura expects almost 60% rise in this Adani group stock in 2 yrs

This bullish outlook is supported by favorable policy environments, substantial capacity enhancements, and growing opportunities for private sector participation through tariff-based competitive bidding (TBCB). Ventura has initiated coverage on the stock with a buy rating and a target price of ₹1,600 in the next 24 months, indicating an upside potentialRead More →