Newgen Software Technologies, a small-cap IT stock, finished Tuesday’s session strongly with a gain of 11.37% at ₹1,041.40. The stock hit an all-time high of ₹1,060 during the trade. This impressive performance followed the company’s strong financial results for the quarter ending in September. For Q2 FY24, the company reportedRead More →
During the September quarter, foreign institutional investors (FIIs) boosted their investments in 130 Nifty 500 stocks. This suggests that these stocks have gained favour among global investors. Based on data from Trendlyne, six stocks witnessed a rise in FII holdings ranging from 5% to 41% during Q2 FY24 (September 2023Read More →
Global funds are now beginning to pay more attention to Indian market, said Christopher Wood, global head of equity strategy at Jefferies, in his latest Greed & Fear report. This is because the market now has 30 companies with a market capitalisation of over $25 billion, it informed. As aRead More →
The stock has bounced back strongly in the current year after a weak show last year. The stock has jumped over 89 percent this year so far. It lost 57 percent of investor wealth in 2022. Meanwhile, it has soared over 155 percent from its 52-week low of ₹44.35, hitRead More →
Sula Vineyards, the largest wine producer in India, saw a notable rise in its stock price, increasing by around 4% to reach ₹485 apiece in early trade on Thursday. This surge came in response to the company’s strong Q2FY24 sales update. In an exchange filing on Wednesday, the company saidRead More →
In the upcoming quarter, analysts predict a subdued performance, with several industries presenting modest results. Although certain sectors may exhibit respectable year-on-year growth, any remarkable surges are not anticipated. Also Read: Earnings preview: Experts expect more misses than hits in Q2; how can it impact market sentiment? The projections suggestRead More →
Experts are expecting the Q2 to be a soft quarter with more sectors reporting tepid scorecard. The earnings of some sectors may show decent year-on-year growth but a firework is unlikely. Also Read: Earnings preview: Indian IT firms to report soft numbers in Q2FY24; revenue, profit likely to be mutedRead More →
Equity benchmarks Nifty 50 and Sensex ended flat on Monday, tracking weak global cues as sentiment remains fragile on concerns of higher interest rates and faltering economic growth. Investors are confused amid the mixed signals from major central banks in the world. Last week, the US Fed maintained its pauseRead More →
RR Kabel is set to make its debut on stock exchanges on September 20 and according to the latest trend in the grey market, the stock could be listed at a premium. The company has become the first IPO firm to complete its listing under the T+2 timeline. Under thisRead More →
While Nifty ended the day at the record closing high of 20070, Sensex, with gains of 0.38%, closed at 67466.99 and is inching close to its all-time high of 67619.17 seen in July. The mid- and small-caps, which had seen significant corrections on Tuesday, also ended with gains. “Domestic equitiesRead More →
