Notably, 16 large-cap stocks are currently trading near their 52-week lows, with a range from 1% to 10%. Among these 16 stocks, eight are constituents of the Nifty 50 index, comprising UPL, HDFC Bank, HUL, Kotak Mahindra Bank, Reliance Industries, Wipro, TCS, and Asian Paints. The remaining eight include HindustanRead More →
Also, all sectoral indices closed on a negative note except the realty index. Going ahead, brokerage house Axis Securities believes that macroeconomic developments will continue to drive the market fundamentals in the near term. The critical near-term monitorables will be a) The outcome of the upcoming FOMC meeting, b) TheRead More →
Macrotech Developers (Lodha) share price rose over 4 per cent in intraday trade on BSE on Tuesday, October 31, looking set to extend gains into the third consecutive session. The stock opened at ₹769.70 against the previous close of ₹759.60 and rose 4.5 per cent to the intraday high ofRead More →
Indian major IT stocks have been reeling under pressure, owing to recession concerns in key economies, ongoing rate hikes by major central banks, slowdown in deal wins and lacklustre earnings. In the past one year, majority of the large cap stocks in this space have underperformed compared to the broaderRead More →
The Indian markets have been steady for most of the current year but were jolted last week from the uncertainty around the ongoing Israel-Hamas war, which now threatens to involve other state actors in the Middle East. Also, the hardening of US 10-year bond yields, which had crossed the 5%-markRead More →
Mumbai: Stocks staged a rebound on Friday following a six-day decline that eroded ₹17.95 trillion in investor wealth. Analysts, however, refrained from calling this a recovery, labelling it as a “dead cat bounce” whose life is uncertain, given escalating geopolitical tensions and rising bond yields in the US. The riseRead More →
Shares of Plaza Wires have been maintaining a strong upward trend since their listing, hitting the upper circuit limit with each passing day. The company’s shares got listed on the stock exchanges on October 13, 2023, raising ₹71.3 crore through the initial public offering (IPO). The IPO received a tremendousRead More →
Shriram Finance, a non-banking financial company (NBFC), experienced a notable 12.9% surge in its stock price, hitting a new all-time high ₹2,029.7 per share during Friday’s trading session, propelled by its impressive Q2FY24 performance. In its quarterly report released on Thursday, the NBFC reported a consolidated net profit of ₹1,792Read More →
The decline in benchmark indices was led by heavyweight HDFC Bank, which neared its 52-week lowRead More →
Domestic brokerage firms have retained their existing ratings on Amber Enterprises following the company’s September quarter results. In Q2 FY24, the consumer durable firm reported a net loss of ₹4 crore. This loss was primarily attributed to a significant increase in depreciation cost by 42% year-on-year (YoY) and a 50%Read More →
