Business

Eicher Motors share rose over 6 per cent today after the firm reported a 16 per cent rise in net profit for the fourth quarter ended March 31, 2022. Stock of Eicher Motors gained 6.2 percent to Rs 2587 on BSE. The share opened 2.75 per cent…

After record-breaking levels of IPO activity in 2021, volatile market conditions have resulted in a significant slowdown during the first quarter of 2022, finds a report by global accounting firm EY. The report -- titled ‘Global IPO Trends…

Brokerage house Motilal Oswal has maintained its 'Buy' rating on Titan with a target price of Rs 2,900 per share. The Tata group company stock, which is also a part of Rakesh Jhunjhunwala's portfolio, opened 2 per cent higher at Rs 2,138 on…

Shares of insurance behemoth Life Insurance Corporation of India (LIC) may list at a discount on bourses on Tuesday if one goes by grey market premium. According to market watchers, shares of LIC are available at a discount of Rs 20 in the…

Shares of ACC Ltd and Ambuja Cements gained up to 8 per cent today after the Adani Group won the race to acquire India business of Swiss firm Holcim for $10.5 billion (Rs 81,361 crore). Holcim holds 63.19 per cent stake in Ambuja Cements…

Shares of Adani Wilmar fell over 5 per cent in early trade today amid positive market sentiment in the broader indices. Adani Wilmar stock opened 2.95 per cent lower at Rs 554.40 against the previous close of Rs 571.25.   Market cap of the…

The Indian equity market is likely to open higher today as SGX Nifty rose 47 points to 15,819. On Friday, equity benchmark Sensex pared all intraday gains and closed 136.69 points or 0.26 per cent lower at 52,793.62. During the day, the…

Asian share markets were attempting a rare rally on Monday after Wall Street managed a bounce from deep lows, though investors were also braced for bad news from Chinese economic data due later in the session. Forecasts are for a fall of…

The shares of insurance major LIC will make their debut on bourses tomorrow (May 17). Post listing, the state-owned insurer will become the fifth-largest company in the country with a valuation above Rs 6 lakh crore. Only Reliance…

Eight of the 10 most valued companies suffered a combined erosion of Rs 2,48,372.97 crore in their market valuation last week in line with a weak broader market trend, with Reliance Industries taking the biggest hit. Last week, Sensex lost…

Shares of State Bank of India (SBI) fell over 4 per cent after the lender reported a 41 per cent rise in Q4 net profit.  However, the earnings missed street estimates, which expected the bank to report over 60 per cent rise in Q4 profit at…

The initial share sale of digital signature certificates provider eMudhra Ltd will open for public on May 20. According to the Red Herring Prospectus (RHP), the Initial Public Offering (IPO) will conclude on May 24 and the bidding for…

Tesla chief and SpaceX founder Elon Musk took the US stock markets by thunder on Friday. On one hand, Musk's tweet on halting Twitter $44 billion buyout deal temporarily led to the sinking of micro-blogging site's shares by over 10 per…

Wall Street's main indexes opened higher on Friday at the end of a bumpy week marked by rising concerns over tighter monetary policy and slowing economic growth, while Twitter sank after Elon Musk put his deal for the social media company…

Indian market came under fag-end selling pressure to end in the red for the sixth straight session on Friday. Unabated selling by foreign institutional investors and concerns over inflation led to weakening of sentiment. Sensex pared all…

The Rs 5,235 crore initial share sale of supply chain company Delhivery was subscribed 163 per cent on the third and final of the offer on Friday. The IPO received bids for 10,16,82,330 shares against 6,25,41,023 shares on offer, according…

Tata Motors stock rose over 8 per cent in early trade today after the auto major reported its Q4 earnings. The large cap stock rose to an intraday high of Rs 403, gaining 8.30 per cent on BSE. The share opened 3.82 percent higher at Rs…

The price of Life Insurance Corporation of India (LIC) share in the unlisted market or the grey market premium (GMP) has crashed 111 per cent in the last 10 trading sessions. The GMP which stood at Rs 85 on May 3 fell to minus Rs 10 today,…

Shares of Adani Wilmar were trading higher amid a recovery in broader market indices today. Adani Wilmar stock opened 2.96 per cent higher at Rs 599 on BSE. The market cap of the firm rose to Rs 78,357 crore. The share touched an intraday…

Shares of Tata Motors Limited, a part of Big Bull Rakesh Jhunjhunwala's portfolio, zoomed over 10 per cent to hit an intraday high of Rs 415.75 after the company posted better than expected results for the quarter ended March 2022.  The…

Shares of RBL Bank zoomed over 13 per cent to hit an intraday high of Rs 114.60 after the lender reported good set of numbers for the quarter ended March 2022.  The bank's profit more than doubled to Rs 164.77 crore in the March quarter,…

Life Insurance Corporation (LIC) has announced the allotment of shares for its recently concluded Rs 21,000 crore initial public offer (IPO). The IPO which was held from May 4 to May 9 was subscribed 2.95 times on the final day. The share…

Shares of Deepak Nitrite have delivered over 500 per cent returns to its shareholders in the last three years. Not only that, long-term investors have made big gains by investing in this stock as it has surged over 12,000 per cent in the…

The Indian equity market is likely to open higher today as SGX Nifty rose 151 points to 15,968. Sensex tumbled 1,158.08 points or 2.14 per cent to close below the 53,000-level at 52,930.31. It plummeted 1,386.09 points or 2.56 per cent…

US stocks ended a whipsaw session slightly lower on Thursday, as investors juggled signs of peaking inflation with fears that it could remain elevated, prompting ever more aggressive tightening from the Federal Reserve. All three major US…

The initial share sale of supply chain company Delhivery was subscribed 23 per cent on the second day of the offer on Thursday. The IPO received bids for 1,45,01,730 shares against 6,25,41,023 shares on offer, according to NSE data. The…

The initial public offer of Venus Pipes and Tubes was subscribed 4.43 times on the second day of subscription on Thursday. According to the NSE data, the company's Rs 165.41-crore Initial Public Offer (IPO) received bids for 1,57,21,696…

Benchmark indices extended losses for the fifth consecutive session today amid weak global cues. Sensex and Nifty tanked over 2 per cent each, tracking selling in index majors HDFC twins, Reliance Industries and ICICI Bank. Investors…

Investors lost over Rs 5 lakh crore today as they gauged the impact of rising inflation, below expectations corporate earnings, ongoing Russia- Ukraine war and high inflation in India. Market cap of BSE-listed firms fell by Rs 5.25 lakh…

Shares of Raj Rayon Industries hit upper circuit of 5 per cent today amid a crash in equity market today. Raj Rayon Industries stock rose 5 per cent to Rs 8.88 (a fresh 52 week high) against the previous close of Rs 8.46 on BSE. In fact,…