From ₹1,344 to ₹301 and back: Stock surges to 18-month high after best month since listing
A block deal also took place in ideaForge on Monday where Societe Generale was a buyer in the transaction, acquiring 2.43 lakh shares at ₹707.11 apiece.
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Rupee at record low: Key factors behind the fall
Indian rupee hits record low near 95.40 per US dollar as surging oil, US–Iran tensions, strong dollar and weak capital inflows strain India.
Vallabh Bhanshali’s latest bet drives stock higher by 15%; details here
A large transaction on Monday saw Vallabh Roopchand Bhanshali acquire 20 lakh shares at ₹300 apiece. On the other side, Bhupendra Gokaldas Sanghavi offloaded 11.65 lakh shares, while Bhavini Dhirendra Sanghavi sold 8.35 lakh shares.
Chemicals could be this year’s dark horse as cycle turns: Pankaj Tibrewal
The Founder and CIO of IKIGAI Asset Manager pointed out that China pressure is easing after years of drag, setting up a turn in the chemical cycle.Revenue growth could return to double digits as operating leverage supports earnings.
BHEL’s highest price target sees stock at ₹450 but bears see 42% downside
Morgan Stanley said that the fourth quarter had a lot of positive surprises and that BHEL’s turnaround could continue to surprise the markets. Improved revenue execution, consistent power segment margins which increase market confidence and improvement in receivables position are…
Rupee hits record low of 95.40 against US dollar
Indian rupee reached record low against US dollar as Brent crude surges after Iran escalates action in Strait of Hormuz, raising supply and volatility risks.
KEI Industries shares fall 6% after Morgan Stanley downgrade; check new target
Morgan Stanley moved to ‘Equal Weight’ after a 35% outperformance versus the Sensex over the past six months.
Dynacons Systems shares jump 15% after bagging RBI order worth half its market cap
Shares of Dynacons Systems & Solutions are trading 14.3% higher on Tuesday at ₹1,275.2. The stock is also trading at a 52-week high today. The value of the contract is 50% of its overall market capitalization, which is just over…
Q4 Results Live Updates: Tata Tech gains most since listing; CAMS up 6% ahead of earnings call
Q4 Results LIVE Updates: Today is an important day when it comes to results as two big Nifty 50 constituents will be reporting their results today and those are Larsen & Toubro, and Mahindra & Mahindra. For L&T, the company’s…
Sensex Today | Stock Market Live Updates: GIFT Nifty points to a gap down start; L&T, M&M Q4 results today
Stock Market Live Updates: The latest escalation in West Asia and the subsequent surge in oil prices will be a key factor for the Nifty as it enters the weekly expiry session today. Brent crude surged to as much as…