Business

Shares of Kalyan Jewellers India surged more than 5 per cent on Friday, extending their gains for the second straight session. The stock jumped 7.30 per cent to hit an intraday high -- also its 52-week high -- of Rs 127.80 over its previous…

Shares of Yes Bank fell sharply on Friday, in line with an overall weakness in banking stocks. The stock plunged 6.24 per cent to hit an intraday low of Rs 21.05 compared to the previous close of Rs 22.45. The scrip eventually settled 5.57…

Indian benchmarks Sensex and Nifty closed lower on Friday, in line with weak global cues following the US Federal Reserve's interest rate hike and its hawkish stance. Sensex tanked 461 points to end at 61,337 and Nifty plummeted 145 points…

Shares of HDFC Bank were in focus today after BofA Securities assigned a target price of Rs 1,900 on the banking stock. The latest target price for HDFC Bank translates into a gain of 16.56% or Rs 270 against the previous close of Rs…

Shares of Kajaria Ceramics rose over 3% today after the firm's subsidiary executed a joint venture agreement with AL Rathath Marble Factory LLC, UAE. Kajaria Ceramics stock gained 3.24% intraday to Rs 1,155 against the previous close of Rs…

Shares of Bajaj Hindusthan Sugar hit their upper circuit level of 10 per cent in Friday's trade. Other sugar stocks also gained as the government said it may consider increasing sugar export quota for the current 2022-23 marketing year. For…

The shares of Mukesh Ambani-led Reliance Industries Ltd (RIL) have delivered moderate returns this year. The stock which is ranked on the top in terms of market capitalisation on Sensex and Nifty has risen 9.41% this year. The direction of…

Tata Steel, Vedanta, SAIL and NNDC were a few metals and mining companies where mutual funds increased stakes in November, data compiled from PRIME Database suggested. Hindalco Industries, Jindal Steel and Power and Tata Metaliks were among…

Shares of UCO Bank surged over 7 per cent in Friday's trade, extending their gains for the tenth straight session. The stock jumped 7.31 per cent to hit a day high -- also its 52-week high -- of Rs 38.15 over its previous close of Rs 35.55.…

Mutual funds were seen buying into many midcap and smallcap IT names in November, as they trimmed stake in five IT biggies namely TCS, Infosys, HCL Technologies, Wipro and Tech Mahindra, data compiled from PRME Database showed. Data showed…

Shares of Engineers India rose  nearly 5% today after the engineering consultancy firm said it won an assignment from Mundra Solar Technology Limited (a group company of Adani Enterprises Ltd.), in one of the niche sectors of Polysilicon…

Shares of GMM Pfaudler plummeted 16 per cent in Friday's trade amid a media report that suggested promoter Pfaudler Inc was looking to sell a majority stake in GMM Pfaudler for Rs 2,278 crore in block deal today.   As per Mint, Pfaudler…

Domestic brokerages have come out with updates on a couple of listed stocks. While Ambuja Cements is in news on reports the cement maker and  its subsidiary ACC have shutdown their Darlaghat and Gagal plants, two brokerages met with Just…

Friday would see shares of CL Educate, Star Housing Finance and Gloster going ex-bonus. Star Housing Finance would also go ex-stock split and so would Lancer Container Lines and S&T Corporation. Three other stocks namely RSWM, Thambbi…

Shantanu Narayen, CEO, AdobeMark Neuling | CNBCAdobe shares rose 5% in extended trading on Thursday after the design software maker announced fiscal fourth-quarter earnings and guidance that exceeded analysts' expectations.Here's how the…

Consumers pulled back on spending in November, failing to keep up with even a muted level of inflation for the month, the Commerce Department reported Thursday.Retail sales for the month declined 0.6%, even worse than the Dow Jones estimate…

Wall Street's main stock indexes were set to open sharply lower on Thursday, as the Federal Reserve's guidance to stick to protracted policy tightening quelled hopes of the rate-hike cycle ending anytime soon. The U.S. central bank hiked…

DroneAcharya Aerial Innovations (Droneacharya AI), the Pune-headquartered drone start-up company, on Thursday said it received an overwhelming response from the bidders, clocking a subscription of 262 times on the last day of its public…

President of the European Central Bank Christine Lagarde attends a hearing of the Committee on Economic and Monetary Affairs in the European Parliament on November 28, 2022 in Brussels, Belgium.Thierry Monasse | Getty Images News | Getty…

Indegene Ltd, a healthcare tech firm focused on the global life sciences industry, has filed preliminary papers with capital markets regulator Sebi to raise as much as Rs 3,200 crore through an Initial Public Offering (IPO). The IPO…

Indian benchmarks Sensex and Nifty closed over 1 per cent lower each on Thursday, in line with weak global markets following the US Federal Reserve's interest rate hike and its hawkish stance.  Sensex tanked 878.88 points to end at…

Will Marshall, Co-Founder & CEO of Planet Inc., celebrates his company’s listing on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021.Brendan McDermid | ReutersSatellite imagery and data company Planet…

Shares of PSU banks have seen a decent run up of late, thanks to improved fundamentals and low valuations. PSU banks have turned profitable after 8-9 years as balance-sheet are cleaner and incremental credit costs are lower. In a detailed…

The correction in Indian IT stocks such as Wipro, Infosys and TCS this year has left investors confused about the positions they should take to achieve maximum returns from their portfolios. Among the three IT bellwethers, Wipro stock has…

Apollo Hospitals, Tata Steel, Titan Company and IndusInd Bank were among 28 Nifty stocks that increase in mutual fund exposure in November. ONGC, Hindustan Unilever (HUL), UltraTech Cement, Nestle India and Sun Pharma were among other Nifty…

Shares of Larsen & Toubro (L&T) were trading flat in the afternoon session today after the infra major said its hydrocarbon business (L&T Energy Hydrocarbon - LTEH) has won two prestigious orders for its Asset Management and…

Shares of IT firm eClerx fell over 1 per cent in Thursday's trade after its board approved a share buyback proposal. The meeting commenced at 11 am and concluded at 12.10 pm. The company board has okayed a final buyback price of R 1,750…

The initial public offering (IPO) of Abans Holdings was subscribed 54 per cent on the fourth day of the bidding process today.  The issue received bids for 68,64,495 shares against the issue size of 1,28,00,000 shares. The quota reserved…

The initial public offering (IPO) of Abans Holdings was subscribed 110 per cent or 1.10 times on the fourth and final day of the bidding process today. The issue received bids for 1,40,20,930 shares against the issue size of 1,28,00,000…

After Sula Vineyards, the grey market premium (GMP) of Landmark Cars has eroded fully, with the issue commanding a discount of Rs 5 over the upper end of the IPO price band at Rs 506. The Rs 552 crore IPO did not breach the half way mark…