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Browsing Category
Business
Nvidia (NVDA) earnings Q3 2023
Nvidia reported fiscal third-quarter results on Wednesday for the period ending in October with sales beating analyst expectations but earnings per share coming in light.Nvidia stock rose 1% in extended trading.Here's how the company did…
JSW Steel stock rises 36% from 52-week low; how far it can go?
Shares of JSW Steel have surged over 36% from their 52-week low in nearly six months. Currently, the shares of JSW Steel trade at Rs 708.10 against the yearly low of Rs 520.10 hit on May 26, 2022, implying a gain of 36.19% during the…
JSW Steel shares rise 36% from 52-week low; more upside likely?
Shares of JSW Steel have surged over 36% from their 52-week low in nearly six months. Currently, the shares of JSW Steel trade at Rs 708.10 against the yearly low of Rs 520.10 hit on May 26, 2022, implying a gain of 36.19% during the…
Grab pares losses by 24%, deliveries unit breaks even ahead of target
Singapore technology ride-sharing and food delivery service company Grab logo is displayed on a smartphone screen.Budrul Chukrut | Sopa Images | Lightrocket | Getty ImagesSingapore-based ride-hailing and food delivery giant Grab narrowed…
Adani Enterprises, Coal India, SBI Life among Nifty cos logging over 50% growth in Q2 profits
Maruti Suzuki, Adani Enterprises and Coal India were among Nifty companies that saw up to four-fold jump in September quarter profits. Bharti Airtel, Bajaj Finance, Eicher Motors, SBI, Axis Bank, IndusInd Bank, SBI Life Insurance and ONGC…
Tata Steel shares close above Rs 100 mark for 20 straight sessions, time to buy?
Shares of Tata Steel closed above the Rs 100 mark for the 20th straight day in the previous session signaling that the stock was in a consolidation mode since October 18. Tata Steel stock ended at Rs 100.60 on October 18 and has remained…
Chip stocks hammered in Asia, dollar firms on hawkish Fed
Chip stocks took a beating on Thursday, sending most Asian share indexes lower, after grim signals from Micron Technology overnight about excess inventories and sluggish demand.
Meanwhile, the US dollar rebounded after…
Trading ideas: Tata Steel, IOB , IRFC, Bank of India and Unichem Labs
Tata Steel (Duration 30 days) | Target Rs 116
Nifty Metal index has recently generated a breakout above a falling supply line joining highs of April & September 2022 signalling resumption of up move. Within the large cap metal stocks,…
Timken India shares rise 10% in early trade, here’s why
Shares of Timken India rose over 9% per cent in early trade today after the bearings manufacturer said it would set up a new manufacturing facility at Bharuch, Gujarat to manufacture spherical roller bearings (SRB) and cylindrical roller…
4 stocks that investors can buy for up to 40% returns in next 12 months
Brokerage targets on four stocks namely PNC Infratech, Sobha, Hindustan Aeronautics and Ahluwalia Contract suggest potential double-digit upsides over the next 12-months. While analysts are positive on PNC Infratech, Hindustan Aeronautics…
Bikaji Foods shares extend gains after listing. Should you buy, sell or hold?
Shares of Bikaji Foods International jumped 5 per cent to hit a day's high of Rs 334.7 on BSE a day after its debut on Dalal Street. It got listed at Rs 322.80 on NSE, an 8 per cent premium over its issue price of Rs 300.
The IPO received…
Nomura downgrades ONGC to ‘Reduce’, sees 23% downside for stock
Nomura India has downgraded ONGC to 'Reduce' from 'Neutral', citing unfavourable government policies along with weak production and operational track record.
In a note, Nomura said the government’s policies have been unfavourable towards…
Bayer Crop, Page Ind, MRF, IRFC, Quess Corp, Gabriel & RITES among 12 stocks to go ex-dividend…
Thursday will see at least 12 stocks such as MRF, Bayer Cropscience, Gabriel India, IRFC, Page Industries, Quess Corp, RITES and Saksoft going ex-dividend today. Shares of Dhanuka Agritech will go ex- share buyback while shares of Integra…
Fed’s Waller says he’s open to a half-point rate hike at December meeting
Christopher Waller testifies before the Senate Banking, Housing and Urban Affairs Committee during a hearing on their nomination to be member-designate on the Federal Reserve Board of Governors on February 13, 2020 in Washington, DC.Sarah…
Sebi proposes measures to streamline share buyback process
Capital markets regulator Sebi on Wednesday proposed measures to streamline the process of buybacks of securities from the open market in a bid to make such process robust, efficient, transparent and shareholder-friendly. Under the…
Nykaa bulk deal: Lighthouse India Fund sells Rs 525 crore worth shares at Rs 175.13
Lighthouse India Fund III on Wednesday sold three crore FSN E Commerce Ventures (Nykaa) worth Rs 525.39 crore in a bulk deal, BSE data showed. The shares were sold at an average price of Rs 175.13 apiece.
The same fund had sold 96,89,240…
Keystone Realtors IPO: Issue subscribed 2.01 times on final day of bidding
The initial public offering (IPO) of Keystone Realtors on Wednesday subscribed 2.01 times on the final day of bidding. The issue attracted bids for 1,73,72,340 equity shares against the IPO size of 86,47,858 shares. The three-day initial…
Kotak Bank, HUL, Bajaj Finance, Tata Steel among top gainers & losers as market ends higher
The Indian equity market ended higher on Wednesday with Sensex ending at its fresh life-time high led by buying in banking counters. Sensex closed 107.73 points higher at 61,980.72. During the day, the 30-stock index hit its 52-week high of…
No major upgrades for Nifty post Q2 results. Will high valuations haunt investors?
Nifty as a pack has seen a 3 per cent drop in FY23 consensus earnings estimate in the last one month, weighed down by weak commodity sector earnings. While some recovery in earnings from December quarter onwards is likely, a lack of…
Adani Group shares fall up to 5%, defy market sentiment
Shares of Adani Group tumbled up to 5% intraday in an otherwise positive market today. While Adani Green Energy stock lost 4.82%, shares of Adani Enterprises tumbled up to 4.75% during the trade today.
Adani Enterprises
Stock of the…
Lowe’s (LOW) earnings 3Q 2022
A Lowe's employee walks through the store during the grand opening of the Lowe's store in San Francisco, California.Getty ImagesLowe's will report third-quarter earnings on Wednesday before the bell, the second home-improvement retailer in…
Apollo Tyres shares resume downtrend, fall 7% amid heavy volumes
Shares of Apollo Tyres fell around 7 per cent in Wednesday's trade after scaling 52-week high in the previous session.
The tyre stock slipped 6.80 per cent to hit a low of Rs 277.45 on NSE, erasing 4.3 per cent gains it witnessed in the…
Union Bank of India shares rise 7%, gain after three days
Shares of Union Bank of India surged after three sessions of fall today. The banking stock zoomed 6.66% to Rs 67.3 against the previous close of Rs 63.10 on BSE. Currently, the stock is trading 3.9% away from the 52-week high of Rs 69.2.…
Finolex Industries shares surge 7.5% intraday, among top gainers on BSE
Shares of Finolex Industries surged over 7 % today amid the broader market trading in the green. Finolex Industries stock surged 7.49% intraday to Rs 160.8 against the previous close of Rs 149.60 on BSE. The stock was among the top gainers…
Target will report earnings before the bell — here’s what to expect
A sign outside of a Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of…
Morgan Stanley stays tactically underweight on India stocks. Here’s one sector it is bullish…
Morgan Stanley said it is underweight on India equities from tactical and valuation perspectives, and expects the domestic market to lag any initial recovery in the broader emerging market region.
“But we look for entry points into a…
CMS Info Systems shares surge 59% from 52-week low, what lies ahead?
Shares of CMS Info Systems have surged 59% from their 52-week low in the last five months. The shares of the cash management and payment solutions company surged to an intraday high of Rs 337.95 against the 52-week low of Rs 212.55 hit on…
The world needs more economic alliances than security ones: Analyst
Countries should strike up more economic alliances than security and defense ones, as those could make the world "more dangerous," the president of the Center for China and Globalization said on Tuesday.Doing that would also circumvent a…
Axis Bank, SBI, Infosys & Hindalco among Nifty stocks gaining most since Q2 results. Should you…
Axis Bank, Britannia Industries, Hindalco Industries, Infosys and SBI are among Nifty constituents that have gained the most since their September quarter results. Three of these stocks -- Axis Bank, SBI and Hindalco – may deliver…
HUDCO shares jump 14% today post Q2 results
Shares of HUDCO rose 10.46 per cent to hit a 52-week high of Rs 45.90 after the company reported a 7 per cent YoY rise in net profit at Rs 396.31 crore for the September quarter compared with Rs 370.40 crore in the year-ago quarter.…