It focuses on in-house manufacturing with a high degree of backward integration and has 25 manufacturing facilities. Over the past year, the company’s shares have surged from ₹3,097 to the current trading value of ₹5,313.85 apiece, marking a substantial gain of 71.6%. However, in January, the stock faced significant sellingRead More →
Indian stock market: Stock market indices Sensex and the Nifty 50, concluded more than one percent lower for the second consecutive session. Investor sentiment was dampened as equities across various sectors were offloaded amidst escalating tensions in West Asia. The situation intensified after Iran launched over 300 missiles and dronesRead More →
India’s defence exports have reached ₹21,083 crore in FY24, registering a growth of 32.5% year-on-year (YoY). The contributions from the private sector and the defence PSUs were around 60% and 40%, respectively. With Lok Sabha elections around the corner and a moral code of conduct in place, the next roundRead More →
On a weekly scale, the index rose about a per cent last week but formed a ‘Doji’ candle on the weekly chart, indicating market participants are indecisive about the market. As per brokerage firm Axis Securities, the chart pattern suggests that if Nifty crosses and sustains above the 22,650 level,Read More →
Indian stock market: The index has remained sideways throughout the session, reflecting a pause in the market trend following the formation of a hanging man pattern. The sentiment may continue to remain sideways due to the lack of a directional breakout or pattern formation. At the higher end, 22650 mightRead More →
Indian stock market: The Indian benchmark indices, Sensex and Nifty 50, closed Friday’s session with marginal movements following the Reserve Bank of India’s (RBI) decision to maintain the repo rate at 6.5% for the seventh consecutive policy meeting. This decision marked the continuation of stability in the domestic equity market,Read More →
The Midcap index rose 4%, which is the biggest weekly rise in the last seven months. The Small cap index surged 7%. According to analysts, the Nifty Bank witnessed a noteworthy surge of more than 2%, marking its largest weekly advance in the past four months. On Friday’s session, the SensexRead More →
Domestic brokerage firm Anand Rathi has initiated coverage on Suzlon Energy and Inox Wind, assigning them ‘Buy’ ratings. This move comes in light of the renewed attention on the wind-energy sector driven by the government’s ambitious growth agendas. “We initiate coverage of these two companies, with Buy ratings, at TPsRead More →
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 →
Given the short week and the monthly expiry of futures, market experts anticipate some volatility, but the Nifty 50, as per analysts, would probably consolidate at higher levels. Furthermore, investors would be busy during this truncated week with US GDP data, other important economic data, and the opening of oneRead More →
