Business

Shares of JSW Energy fell sharply on Monday, extending their losing run for the second straight session. The stock slumped 6.37 per cent to hit an intraday low of Rs 245.50 over its previous close of Rs 262.20 on BSE. The scrip eventually…

Shares of Astral Ltd have delivered over 4,600 per cent return to its long-term shareholders in the last 10 years. The stock has also zoomed over 300 per cent in the last 5 years. Notably, the mid-cap stock, which used to hover around Rs…

ServoTech Power Systems' shares hit an upper circuit on Monday after the company announced its results for the period ended on December 31, 2022. Along with this, the company has also announced the sub-division of equity shares, it said in…

Shares of IT major Wipro will get ex-dividend on Tuesday. The board of IT major had announced interim dividend of Re 1 each on Wipro share with a face value Rs 2 each, the first interim dividend for the ongoing financial year. The record…

ICICI Bank's December quarter results were a beat on most fronts. An analyst darling, the scrip has got no 'sell' call, with just one 'hold' call out of 38 analyst recommendations; rest all are either 'buy' or 'strong buy' calls. This is as…

Shares of ICICI Bank slipped in Monday's trade amid a volatile session post announcing the December quarter (Q3) results. The stock fell 0.62 per cent to hit a day low of Rs 865.05 over its previous close of Rs 870.40. Support on the…

Domestic brokerage firm Axis Securities has picked four stocks, namely- APL Apollo Tubes, Larsen & Toubro, Vedanta and Sobha- in its weekly report. These stocks are headed for an upside of up to 17 per cent on a technical basis, said…

Hi Tech Pipes' shares continued to extend its gains on Monday as the company tops new all-time highs amid soaring trading volumes and ahead of its board meeting later this week to consider stock split proposal, The stock has turned…

Apollo Micro Systems' shares hit an upper circuit on Monday after the company announced the sub-division of its equity shares on Saturday, after the board meeting. The company, in an exchange filing, said the company board has approved the…

Shares of FSN E-Commerce Ventures, Nykaa's parent, fell 5.11 per cent in Monday's trade to hit their fresh one-year low. The stock today slipped to a 52-week low of Rs 120.75 over its previous close of Rs 127.25. The scrip has been…

Shares of YES Bank plunged 12 per cent in Monday's trade after the Bombay High Court quashed a decision taken by the YES Bank administrator's March 2020 decision to write-off of additional Tier-1 (AT1) bonds. An 80 per cent drop in December…

Reliance Industries reported an inline December results, with its earning per share getting trimmed marginally, as analysts believe windfall tax on HSD/ATF exports should drag earnings in the near-term. Emkay said the December quarter…

  Domestic equity indices are set to kick off the new week on a positive note, tracking positive cues from US stocks, which settled sharply higher on Friday. Major Asian stocks were close on Monday due to public holiday. The US dollar…

On the weekly chart, Nifty Bank formed an Inside Bar candle. The banking index closed the week above 50-day EMA, but was unable to cross the 20-day EMA. The index made a high of 42,715.65 during the week, before closing at 42,506.80 on…

Extending previous week’s gain, Indian equity benchmarks ended the passing week with a gain of around half a per cent as many corporates of India Inc have posted healthy Q3 numbers during the week. Market also took solace from the RBI…

IT Firm LTIMindtree Ltd on Friday reported 16% drop in consolidated profit at Rs 1,000 crore for the quarter ending December 31, 2022 as against Rs 1,189 crore in the previous quarter. The company's consolidated revenue rose 5% to Rs 8,620…

JSW Steel on Friday posted a sharp 85.50 per cent fall in its December quarter consolidated net profit to Rs 474 crore mainly on account of higher expenses. The firm had clocked a net profit of Rs 4,516 crore in the year-ago period, it…

Three major banks ICICI Bank, Kotak Mahindra Bank and YES Bank are among dozens of lending and non-lending and companies, which will announce their December quarter results on Saturday. While analysts sees ICICI Bank reporting roughly 30…

Benchmark indices extended losses for the straight second session on Friday. Sensex fell 236.66 points, or 0.39 per cent, to close at 60,621.77. Nifty50 settled the day at 18,027.65, falling 80.20 points or 0.44 per cent. BSE midcap and…

Domestic equity indices extended losses for the straight second session on Friday and settled lower. Fears of the global economic slowdown and hawkish US Fed jittered the market sentiments. Even, the Q3 earnings by heavyweights like…

Shares of Shyam Metalics and Energy rose nearly 5% today after ICICI Securities mentioned the stock as its top pick in the metal sector.  The brokerage gave a target price of Rs 425 for the iron and steel stock, implying a 36% upside…

Nykaa, which is operated by its listed parent company FSN E-Commerce Ventures, is likely headed for an upside of 80 per cent, beleives Kotak Institutional Equities (KIE). The domestic brokerage firm is positive on the new age internet…

The Indian equity market is extremely cautious ahead of the Union Budget 2023 which is scheduled to present in the Lok Sabha on February 1. The benchmark equity index BSE Sensex has declined in nine sessions so far out of the 15 sessions of…

Shares of One 97 Communications (Paytm) climbed 4 per cent in Friday's trade amid hopes the company would be able to beat September 2023 breakeven guidance. The scrip rose amid a media report that quoted Paytm's Vijay Shekhar Sharma as…

Nureca's shares staged a smart recovery on Friday and jumped as much as 25 per cent from its day's low price amid the heavy trading volumes. However, the stock has been on a secular fall recently, consistently hitting 52-week low on a daily…

Shares of Reliance Industries Limited (RIL) are in focus as India’s largest private-sector enterprise is all set to report its results for the quarter ended December 31, 2022, on Friday evening. For the uninitiated, RIL stock was in a…

Shares of Coforge rose 7% today after the IT firm announced its earnings for the quarter ended December today.   Coforge stock touched an intraday high of Rs 4240.1, rising 6.9% against the previous close of Rs 3,966.40 on BSE. The large…

Shares of Indiamart Intermesh climbed 5 per cent in Friday's trade after the B2B e-commerce company logged a 60.68 per cent surge in its consolidated profit at Rs 112.80 crore for the December quarter compared with Rs 70.20 crore in the…

Shares of Mukesh Ambani-led conglomerate Reliance Industries Ltd (RIL) were trading lower ahead of the firm’s December quarter earnings set to be announced today. RIL stock has remained almost unchanged since earnings for the quarter ended…

Domestic equity indices snapped the two-day winning run and settled lower on Thursday amid weak global cues and select bluechip counters including IndusInd Bank, Asian Paints, Kotak Mahindra Bank and HUL. Sensex dropped 187.31 points, or…