Business

Shares of EaseMyTrip (Easy Trip Planners) zoomed 20 per cent to hit their upper price band of Rs 54.70. The stock rose sharply today, pausing its 4-day losing run after announcing a special programme, 'EMTFAMILY', for the shareholders. It…

Sensex rallied over 900 points in Monday’s session, rebounding after four straight sessions of fall. Nifty too gained 250 pts in the first session of this week, reflecting positive investor sentiment on Dalal Street. The current rally…

Shares of Reliance Industries (RIL) shares have risen 5 per cent this year so far, marginally outperforming the Sensex's 2.23 per cent rise during the same period. If one were to go by fundamental analysts, the stock has potential to gain…

Adani Power shares have delivered stellar returns in 2022, with investor wealth nearly tripling during the period. Adani Power shares closed at Rs 99.75 on December 31, 2021 against an intra day high of Rs 275.35 today, translating into…

Brokerage Religare Broking believes that the New Year 2023 may see the end of the rising interest rate cycle but growth may not be impressive. As a result, corporate earnings may not justify higher valuations and the market may enter into a…

Suzlon Energy shares rallied 12 per cent in Monday's trade, snapping a four-day losing streak. The scrip, which had fallen 23 per cent in the four sessions to sub-Rs 9 level, jumped 11.11 per cent to hit the double digit mark of Rs 10 a…

Shares of Godrej Properties rose 2 per cent in Monday's trade after the Mumbai-based developer said it has expanded its residential portfolio in NCR through the outright purchase of 62 acres of land in Kurukshetra, Haryana. In a filing to…

Shares of all seven listed Adani Group entities rose in Monday's trade, tracking a rebound in Indian equity benchmarks. Two of them --- Adani Power and Adani Wilmar -- hit their respective upper circuit levels today. Adani Power climbed 5…

Shares of Tata Power gained over 3% today amid reports that the private power generation firm is planning to raise up to Rs 2,000 crore via bonds for financing its business operations. Tata Power stock gained up to 3.22% to Rs 201.30…

Shares of Poonawalla Fincorp climbed 12 per cent in Monday's trade amid heavy volumes. Brokerage Motilal Oswal Securities called the company a ‘valued’ NBFC franchise in the making while initiating coverage on the stock with a target of Rs…

Shares of NMDC rose over 3% today after financial services firm Motilal Oswal reiterated its buy call for the state-owned miner. NMDC shares gained 3.67% to Rs 115.60 against the previous close of Rs 111.50 on BSE. NMDC stock has gained…

Nifty50 constituents saw wild swings in a weak year for equities globally. As many as 20 index stocks, led by tier I IT biggies, lost a combined market capitalisation (m-cap) of Rs 10 lakh crore in 2022. Analysts said valuations on some of…

Indian equity benchmarks took a sharp plunge on Friday, extending their fall for the fourth straight session. Sensex crashed 981 points or 1.61 per cent to close at 59,845, while Nifty lost 321 points or 1.77 per cent to 17,807. Such was…

After four days of back-to-back fall, domestic stocks may open marginally higher on Monday, ahead of the F&O expiry later this week. Key markets globally including the US, the UK, Hong Kong, France, Germany, Italy, Singapore, Malaysia…

Domestic stocks were gripped by high volatility this past week, following a heavy selloff in global markets. Nifty Bank made a high of 43,614.65, but ended the week at 41668.05, losing 3.59 per cent. At present, the index has moved below…

Markets extended their southward journey this week owing to the hawkish comments from the RBI’s MPC minutes, which suggested that a premature pause in rate tightening would be a costly policy error at this juncture. Selling was further…

Nifty selloff intensified on Friday after the 50-pack index breached its crucial support of 18,000 level and that with a gap-down opening. The 50-pack index tested sub-17,800 levels during the session and ended up forming large bearish…

Indian equity benchmarks took a sharp plunge on Friday, extending their fall for the fourth straight session. The BSE barometer Sensex crashed 981 points or 1.61 per cent to close at 59,845, while the broader NSE Nifty moved 321 points or…

The year 2022 has been nothing but eventful for bond markets. The year was marked by the rise in inflation followed by an increase in repo rate by the Reserve Bank of India (RBI) to tame inflation. The direct result of the rise in key rates…

Shares of Adani Wilmar slumped on Friday, extending their fall for the eighth straight session. The stock dived 9.95 per cent to hit an intraday low of Rs 497.55 over its previous close of Rs 552.50, mirroring steep losses in the domestic…

Seven Adani Group stocks have lost a combined Rs 1.70 lakh crore in market capitalisation (m-cap) amid a four-day selloff in the broader market. Adani Wilmar, Adani Power and Adani Transmission have led the fall in percentage terms, data…

Shares of Hindalco Industries were trading nearly 4 per cent lower in Friday's trade amid across-the-board selling in the metals space. JM Financial has upped the price target on this scrip marginally to Rs 530 level from Rs 525 earlier as…

One of the biggest wealth creators of the past decade just dropped over 60 per cent on Dalal Street in the ongoing calendar year till December 22. Shares of the company cracked to Rs 707.80 on December 22, 2022 from Rs 1,888.45 on December…

Domestic brokerage Anand Rathi has upped its target on Arvind Fashions to Rs 567 from Rs 516, as it sees it as a rerating candidate. Arvind Fashions, Anand Rathi noted, completed its business reset in FY20-FY21 and has seen an upswing in…

Select brokerages have come up with updates on their tracked stocks following the recent stock-specific developments. They included Reliance Industries, JSW Steel, PB Fintech, Jubilant Food and Sundaram Finance have seen brokerages updating…

Shares of Adani Power slumped in Friday's trade to hit lower circuit for the third consecutive session. The stock plunged 5 per cent to settle at Rs 262.25 over its previous close of Rs 276.05. A total of 8.79 lakh shares changed hands. The…

Domestic stocks fell for fourth straight session on Friday, with the BSE Sensex falling nearly 700 points and the NSE Nifty slipping below the psychological mark of 18,000. The market breadth has been pretty weak in the last couple of…

Shares of Droneacharya Aerial Innovations made a stellar listing on Friday, as the scrip got listed at Rs 102 on BSE, a 88.89 per cent premium over its issue price of Rs 54. With this, the company joined the list of top 2022 SME listings,…

The Rs 388 crore IPO by Radiant Cash Management Services will open for public subscription on Friday. Ahead of its IPO, the company allotted 1,17,55,681 shares to anchor investors at Rs 99 apiece, fetching Rs 116.38 crore. The IPO comprised…

Mainboard IPO Landmark Cars may list at 2-3 per cent discount to its issue price while that of Abans Holdings is likely to see a muted listing premium on Friday, grey market trends suggest. SME IPO Droneacharya Aerial, on the other hand,…