Rupee edges higher to 90.73 against US dollar in early trade
The rupee rose by 1 paisa to 90.73 against the US dollar in early trade on Tuesday, aided by a fall in global crude oil prices.
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Texmaco Rail shares surge 9% after company bags multiple orders
Texmaco Rail shares surged 9% after bagging orders from Mumbai Railway Vikas Corporation Ltd and South Western Railway.
Explained | Here’s why Galaxy Surfactants shares gained 6% today
Galaxy Surfactants MD and CEO K Natarajan told CNBC-TV18 that the company is expecting an improvement in North America over the next few quarters. It is awaiting the details of the India-US trade. The US tariff reduction will aid the…
TVS Supply Chain shares rallies 6% after MoU with Italy’s ALA to tap $28 billion aerospace market
TVS Supply Chain Solutions surged 6% after the company signed an MoU with Italy-based ALA Group to enter India’s $28 billion aerospace and defence market, expanding global supply chain services.
Fortis Healthcare shares gain as analysts see up to 25% upside post solid Q3
Brokerages UBS and Citi have ‘buy’ recommendations on the Fortis Healthcare stock while JPMorgan has an ‘overweight’ rating.
Gold down 1%, silver extends losses amid thin holiday trade
Gold fell 0.9 percent to 4947.98 dollars and silver dropped 2.7 percent to 74.51 dollars as a stronger US dollar and thin Asian holiday trading weighed on sentiment.
Ola Electric shares extend slide after Citi slashes target by 51%
Citi cited slower-than-expected EV penetration in India’s two-wheeler segment, citing that GST cuts on internal combustion engine vehicles have narrowed the price gap and slowed electrification.
AI disruption or reset opportunity? UBS, Nomura decode IT sell-off
With valuations correcting sharply and questions emerging around long-term growth, brokerage firms UBS and Nomura have offered diverging but nuanced views on whether the recent sell-off signals deeper risks or a potential opportunity.
NBCC shares face target cuts post soft Q3; analysts say real estate monetisation is key
Nuvama has a ‘buy’ rating on NBCC and has cut its target price from ₹146 to ₹139 per share, indicating an upside potential of 39% from its previous close of ₹100.2 apiece.
L&T shareholders may get a special dividend, CLSA says; sees stock at ₹4,842
The focus is on L&T’s agreement to sell its Nabha Power subsidiary to Torrent Power. CLSA expects the transaction to unlock around ₹26 per share in value and sees the potential for a special dividend.