Continuing their strong upward trend, shares of Zuari Industries (ZIL), the holding company of the well-established and diversified Adventz Group, spiked 4.8% in today’s trade, reaching a new 52-week high of ₹217.60 apiece. The stock has demonstrated significant gains in the last four weeks, gaining 40.36%. It is worth notingRead More →
On December 1, the Sensex ended 492.75 points, or 0.74%, higher at 67,481.19, while the Nifty 50 rose 134.75 points, or 0.67%, to settle at 20,267.90. The Nifty Midcap 100 index closed 1.10% higher at 43,382.40 and the Nifty Smallcap 100 index closed 0.48% higher at 14,239.30. Stock market strategyRead More →
These stocks have truly stood out, offering investors a reason to rejoice alongside the traditional festivities. Over the last one-year period, more than 25 Nifty 500 stocks have delivered phenomenal returns to their investors, with gains in the range of 100–482%. These stocks are from sectors including defence, railways, banking,Read More →
During market hours on Tuesday, the company released its Q2FY24 scorecard, reporting a robust performance across all its key formats. It reported a standalone revenue growth of 59.37% YoY at ₹2,891 crore, driven by aggressive store additions in Zudio and 10% LFL growth in fashion concepts (Westside, Zudio, and otherRead More →
Trent, the retail arm of Tata Group, has seen its stock perform exceptionally well on Dalal Street this year, rewarding its shareholders with a return of 61.7%, appreciating from ₹1,358 apiece to ₹2,196 apiece. Impressively, the stock has consistently delivered positive returns every year since 2014. Among these, 2017 markedRead 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 →
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 →
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 →
Despite the bearish trend in the overall market, Sona BLW Precision Forgings, an automotive technology company, witnessed a strong spike in its shares on Thursday after the company posted the highest-ever revenue, EBITDA, and net profit for the September quarter. The company on Wednesday posted a 34% YoY and 15.7%Read More →
Shares of Balkrishna Industries, one of the leading manufacturers of over-the-highway tyres, extended their winning streak for the second consecutive trading session on Wednesday, rallying 2.84% to register a new 52-week high of ₹2,640. This increase in stock price is attributed to the company’s Q2 FY24 performance, which came inRead More →
