Business

On the back of firm global cues, benchmark equity indices were able to extend their gains for the second straight session on Wednesday amid a choppy trading session. However, the gains were capped ahead of the US FOMC policy outcome, which…

Terran Orbital, a specialist in manufacturing small satellites, reported fourth-quarter results on Tuesday, with annual revenue nearing $100 million as it continued to build its order backlog.For the full year of 2022, Terran Orbital…

Shares of Raj Rayon Industries Ltd have logged stellar returns for investors in the last one year. Raj Rayon Industries shares, which closed at Rs 1.55 on March 22, 2022 hit a high of Rs 73.10 on March 22, translating into gains of 4,616…

Chinese automaker Geely beat revenue expectations for 2022, sending shares surging Wednesday.Shares of Geely spiked as much as 7%, before settling down to trade nearly 3% above its previous close.Geely reported its 2022 revenue surged 45.6%…

Shares of Hindustan Zinc rose sharply in Wednesday's trade after declaring an interim dividend of Rs 26 per share. The stock surged 4.77 per cent to hit a day high of Rs 325.25 over its previous close of Rs 310.45. The company board has…

Shares of Sonata Software climbed over 5 per cent in Wednesday's trade after the IT firm said it signed its largest-ever contract with a total contract value (TCV) of $160 million with a US-based consumer retail company. Sonata will be…

Shares of steel-maker JSW Steel have shed multibagger tag since the last three years, making investors jittery about the prospects of the large cap stock. JSW Steel stock has delivered 276% and 132% returns for its shareholders in the last…

Fugitive diamantaire Mehul Choksi, wanted in the $2 billion Punjab National Bank fraud, is in the news once again after the Interpol lifted the red corner notice against him.   While the Central Bureau of Investigation (CBI) has asked the…

Shares of Nazara Technologies have bagged a buy call from ICICI Securities with a target price of Rs 700, a 44 per cent upside from the current levels. Interestingly, the gaming tech firm’s stock has slipped 70% from its all-time high level…

Shares of Sobha Ltd fell sharply in Wednesday's trade, extending their fall for the third consecutive session. The stock declined 5.39 per cent to hit a day low of Rs 491.40 over its previous close of Rs 519.40. Today's sharp movement in…

Shares of Mahindra and Mahindra (M&M) gained after two days of fall in the current session as the auto major was in advanced talks with global investors to raise $1-1.3 billion by selling shares in its electric vehicles (EV) unit. The…

State Bank of India (SBI) is a consensus buy with 31 'strong buy' calls, six 'buy' calls, one 'Hold' and no sell recommendation. Post its meeting with SBI Chairman Dinesh Kumar Khara, Motilal Oswal Securities has come out with an update on…

There are roughly four developments that historically helped the domestic stock market reach bottom post credit events. They included easing of valuations, a sharp plunge in US 10-year yields from high, large rate cuts by the US Fed and…

Nike easily beat Wall Street's expectations for its holiday quarter earnings and revenue, though its bloated inventory continued to weigh on its margins and China sales fell short of expectations.Nike, like other retailers, has been in the…

A GameStop store operates in a strip mall on March 16, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesGameStop on Tuesday posted a quarterly profit for the first time in two years, finishing out the year on a high note after grappling…

Dunearn Investments Mauritius Pte, a wholly-owned subsidiary of Singapore's sovereign wealth fund Temasek Holdings, on Tuesday divested a 2.8 per cent stake in restaurant operator Devyani International Ltd for Rs 499 crore through an open…

BofA's March global fund manager survey, which saw participation of 212 fund managers with $548 billion in assets under management, suggests investor sentiment is close to levels of pessimism seen at lows of past 20 years. Systemic credit…

HDFC Asset Management Company (HDFC AMC) jumped 5 per cent on Tuesday, a day after hitting its 52-week low, as SBI Mutual Fund bought a stake in the asset manager via bulk deals. Data showed Adani group investor GQG, which is led by Rajiv…

Shares of Tata Consultancy Services Ltd (TCS) on Tuesday fell for the ninth straight session. The stock slipped below the Rs 3,100 level in intraday deals before settling a bit higher. The scrip today closed 1.12 per cent lower at Rs…

Hindustan Zinc Ltd board on Tuesday approved fourth interim dividend of Rs 26 per equity share for the current fiscal. The dividend of Rs 26 for each share of face value Rs 2 will lead to an outgo of Rs 10,986 crore. The record date for…

Shares of National Standard (India) Ltd rose on Tuesday, halting their losing run of seven straight sessions. The stock settled 1.66 per cent higher at Rs 4,277.75 over its previous close of Rs 4,208. The scrip has lost 7.66 per cent in the…

Shares of Phoenix Mills Ltd gained over 3% today after financial services firm Motilal Oswal initiated coverage on the stock with a 'buy' call. Phoenix Mills is engaged in the development and leasing of commercial and retail space.Motilal…

Bulls were back at Dalal Street on Tuesday after a day's hiatus as benchmark equity indices settled higher amid the positive global cues. Optimism for a less aggressive US Federal Reserve pushed the markets higher, while buying in the index…

Stocks such as Va Tech Wabag, Just Dial, Archean Chemical Industries, Nazara Technologies, Venus Pipes & Tubes, The Phoenix Mills, Thermax and IndiaMart InterMesh have seen fresh interest from the various brokerage firms, who have…

Shares of state-owned IDBI Bank surged in Tuesday's trade amid heavy volumes. The stock jumped 5.69 per cent to hit a day high of Rs 47.74 over its previous close of Rs 45.17. The scrip has gained 4.58 per cent in a year. However, it has…

Nazara Technologies shares, which are down 70 per cent from record high levels, have potential to hit Rs 700 level in the next 12 months, an initiation note by ICICI Securities suggested. The domestic brokerage is bullish on Nazara’s strong…

Domestic brokerage firm B&K Securities is positive on a couple of state-owned companies, namely Great Eastern Shipping Company (GESC) and Container Corporation of India (Concor). It sees an up to 60 per cent upside in the public sector…

IndiaFirst Life Insurance Company (IndiaFirst) has received final observation from the capital markets regulator securities and exchange board of India (Sebi) to launch its initial public offering (IPO). Bank of Baroda promoted IndiaFirst…

Engineering major Larsen & Toubro (L&T) was in buzz during the early trading hours on Tuesday after the company bagged multiple orders for its hydrocarbon business. The stock was among the top gainers of the BSE's benchmark…

Shares of HDFC Asset Management Company (AMC) were in focus today after US-based GQG Partners offloaded a partial stake the mutual fund firm through open market transactions on Monday. Around 25 lakh shares worth Rs 396 crore changed hands…