Shree Cement: Time for a breather?

India’s third largest cement maker has been one of the best performing stocks among its peer group. However, two of its successful growth strategies may have run their course and been priced in.

India’s third largest cement maker has been one of the best performing stocks among its peer group. However, two of its successful growth strategies may have run their course and been priced in.

Brokerage firm Nomura has a “neutral” call on the stock with a target price of ₹3,021 per share, which is 2% lower than its previous closing price of ₹3,083 apiece.

Looking ahead, Blue Dart Express said the third quarter is typically its strongest, driven by festive demand and year-end shipments.

Shares of Cohance Lifesciences fell as much as 10% in early trading on Wednesday, but are recovering from the lows, currently trading 6.4% lower at ₹804.8. The stock is down 28% from its recent 52-week high of ₹1,121, and has…

The company said the year-on-year improvement was primarily driven by the acquisition of Hindusthan Specialty Chemicals.

CAMS announced a stock split in a 1:5 ratio and declared an interim dividend of ₹14 per share.

Morgan Stanley expects scooterisation and premiumisation to remain key growth drivers in the two-wheeler segment, with TVS well-positioned to benefit from both.

Foreign institutional investors, who began the October series at record short positions, have significantly covered their shorts, which also was a key factor behind the Nifty surge in October. For the first time in three months, FII longs in index…

The top supplier of high-bandwidth memory to Nvidia Corp. plans to devote far more capital toward ramping up capacity next year, racing to expand output to ride the unprecedented spending led by industry leaders from OpenAI to Meta Platforms Inc.…

Q2 Results LIVE Updates: On the third-day of this earnings-heavy week with over 150 companies reporting results, the market will first react to a slew of results that were reported after closing hours on Tuesday. Tata Capital reported its first…