Business

Shares of Ashoka Buildcon climbed 4 per cent in Monday's trade after the company said that its subsidiaries Ashoka Concessions and Viva Highways have entered an agreement with National Investment & Infrastructure Fund (NIIF) to sell its…

European shares edged higher on Monday, boosted by energy firms, after a bruising selloff last week sparked by growing fears of a recession as major central banks promised more interest rate hikes ahead. The region-wide STOXX 600 index was…

Shares of Dilip Buildcon jumped in Monday's trade after getting a slew of road construction orders from the National Highways Authority of India (NHAI). The stock surged 6.46 per cent to hit a day high of Rs 244 compared to the previous…

Shares of Wipro have closed below the key Rs 400-mark in the last six consecutive sessions signaling a bearish trend for the IT major. The stock, which is the cheapest among the IT biggies in terms of price, is slowly heading towards its…

The initial public offering (IPO) of KFin Technologies was booked 20 per cent so far on the first day (Day 1) of issuance. The Qualified Institutional Buyers (QIBs) category got a 32 per cent subscription while the Retail Individual…

Axis Securities in its weekly report suggested three stocks Balrampur Chini, Mahindra CIE and Linde India in the cash segment that can deliver healthy returns in 3-4 weeks. Axis Securities said these stocks have breached their multiple…

Punjab National Bank, Bank of Baroda (BOB) and Indian Overseas Bank (IOB) were a few PSU banks where mutual funds (MFs) decreased stakes in November, data compiled from PRIME Database suggested. These institutional investors were seen…

Shares of Sarveshwar Foods gained over 7% today after board of the firm cleared allotment of 45 lakh equity shares to non-promoters at an issue price of Rs 81 per share, and 36.6 lakh fully convertible warrants to promoters &…

A host of brokerages have come out with updates on their tracked stocks. Kotak visited JSW Steel’s Dolvi steel plant and was impressed. Nirmal Bang visited JB Chemical’s oral and injectable facilities in Gujarat. Motilal Oswal reviewed…

The Rs 1,500 crore IPO by KFin Technologies is all set to hit the market today. The offer-for-sale (OFS) by existing promoter General Atlantic Singapore Fund will be sold in the Rs 347-Rs 366 price band. Ahead of its IPO Financial services…

Nifty on Friday fell for the second straight session and settled the week below the 18,300 level. The NSE barometer formed bearish candles on both daily and weekly charts. The candles had long upper wicks, suggesting selling at higher…

The market saw high volatility last week, thanks to a heavy selloff in global markets. During the week, Nifty Bank made an all-time high of 44,151.80, but closed the week at 43,219.50, down 0.95 per cent. At present, the banking index has…

Following US Federal Reserve’s statement that it expects to continue raising the interest rates in 2023 for a longer period, sentiments across markets remained low as there are expectations that the central bank could take a dovish turn…

Reviewing the requirements related to performance reporting and benchmarking by portfolio managers, the regulator has asked them to adopt an additional layer of broadly defined investment ''strategies'' while managing the clients' funds.…

An Olive Garden restaurant in Times Square in New YorkRichard Levine | Corbis | Getty ImagesDarden Restaurants on Friday reported quarterly earnings and revenue that beat Wall Street's expectations, as consumers continued to eat out despite…

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…