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Markets / Business Today

This banking stock quadrupled investor wealth in two years; here are fresh price targets

Multibagger stock: South Indian Bank shares closed at Rs 28.08in the current trading session, quadrupling investor wealth in two years. The banking stock hit a record high of Rs 36.91 on February 2, 2024 and fell to a 52 week low of Rs 14.64 on May 10, 2023.

6 May 2024 6:08 pm
Indian Bank Q4 results: Profit jumps 55% YoY to Rs 2,247 crore; Rs 12 dividend declared

Indian Bank Q4 results: The state-owned lender's net interest income increased by 9 per cent (YoY) to Rs 6,015 crore in Q4 FY24 as against Rs 5,508 crore in the corresponding period last year.

6 May 2024 5:57 pm
Waaree Renewable Tech shares zoomed 554% year-to-date; what's next for this multibagger?

Waaree Renewable share price: The stock settled at its 5 per cent upper circuit limit of Rs 2,871.40. At this price, the multibagger counter has rallied 554.33 per cent in 2024 so far.

6 May 2024 4:40 pm
Multibagger stock: Up over 100% in 1 year! What's next for this realty major?

The company posted a 14 per cent year-on-year (YoY) growth in its consolidated net profit at Rs 471 crore for the quarter ended March 2024.

6 May 2024 3:45 pm
BHEL shares slip 8%, still overbought on charts, heres what analysts say

BHEL share price today: BHEL stock fell 7.88% to Rs 281.05 on BSE. Market cap of the firm slipped to 1.01 lakh crore. However, the multibagger stock is still trading in the overbought zone.

6 May 2024 3:26 pm
This multibagger Tata Group stock corrects 25% from its all-time high; should you buy?

Tata Technologies reported a 27.39 per cent year-on-year (YoY) fall in the consolidated net profit at Rs 157.24 crore for the quarter that ended on March 31, 2024.

6 May 2024 3:17 pm
YES Bank shares tank 12% in 4 sessions; here are short-term target prices

YES Bank share price: The stock fell 4.05 per cent to hit a day low of Rs 23.95 on BSE. At this price, the private lender's counter has slipped 11.66 per cent in four trading days.

6 May 2024 3:07 pm
Dabur, PNC Infra, Ashok Leyland & Federal Bank: 4 stocks SMC Global suggests to buy

Ashok Leyland has consolidated within the broader range of Rs 160-190 for the past eight to nine months, consistently maintaining levels above its 200-day EMA on daily charts.

6 May 2024 3:00 pm
Suzlon peer Inox Wind sees rise in order book but execution disappoints. Should you buy stock?

Inox Wind share price target: ICICI Securities has maintained its 'Buy' on Inox Wind with a revised target price of Rs 720 per share, valuing the stock at 30 times FY26 earnings per share.

6 May 2024 3:00 pm
Godrej Properties shares up 10% today. Is it time to buy or sell stock?

Godrej Properties delivered exceptional performance with 84 per cent YoY growth in bookings, aided by strong positive reception of new launches in both the NCR and Mumbai, Motilal Oswal said.

6 May 2024 2:03 pm
CarTrade Tech shares climb 14% on Q4 results, check details

CarTrade Tech shares rose 14.02% to Rs 855 against the previous close of Rs 749.85 on BSE. Market cap of the firm climbed to Rs 3792 crore.

6 May 2024 1:31 pm
Not Suzlon & Inox Wind, SMIFS' Sharad Avasthi prefers this stock from renewable energy space

It is better to go for Sterling and Wilson Renewable Energy Ltd compared to these two (Suzlon and Inox Wind) companies, the market expert suggested. SW Solar shares jumped 5 per cent today to hit their one-year high level of Rs 714.55.

6 May 2024 12:30 pm
RVNL, Ircon, BHEL, SBI, Canara Bank, other PSU stocks tumble up to 12%; what's next?

PFC crashed more than 12.40 per cent to Rs 420.85 on Monday, while REC cracked more than 10.80 per cent to Rs 497.40 for the day.

6 May 2024 11:48 am
Here is why shares of REC, PFC and IREDA are falling today

Shares of PFC plunged 12.40 per cent to hit a low of Rs 420.85 on BSE. REC shaes were down 5.58 per cent at Rs 526.55. The IREDA stock slipped 3.73 per cent to Rs 172.90.

6 May 2024 11:23 am
Birla Corp shares jump 8% post Q4 earnings; here's what analysts say

Birla Corp share price: The stock surged 7.62 per cent to hit a day high of Rs 1,678. It was last seen trading 4.21 per cent higher at Rs 1,624.85. Birla Corp reported a consolidated net profit of Rs 193.34 crore for the quarter ending on March 31, 2024 (Q4 FY24), up 127.59 per cent, year-on-year (YoY), from Rs 84.95 crore.

6 May 2024 11:02 am
Tata Power shares fall ahead of Tata group firm's Q4 results on May 8

Tata Power shares fell 2.43 per cent to hit a low of Rs 443.55 on BSE. The company's arm Tata Power Renewable Energy has signed a PPA with SJVN Limited to set up 460 MW firm and dispatchable renewable energy projects.

6 May 2024 10:47 am
REC shares hit lower circuit, tumble 11% from record high; buy, sell or hold?

REC shares hit the lower circuit of 10% to Rs 501.90 on BSE today. Market cap of the firm fell to Rs 1.32 lakh crore.

6 May 2024 10:36 am
Indegene IPO opens today: Should you subscribe to the issue?

The Rs 1,841.76 crore IPO of Indegene includes a fresh share sale of Rs 760 crore and an offer-for-sale of up to 2,39,32,732 equity shares by its promoters and existing equity shareholders.

6 May 2024 10:24 am
NHPC & Coal India: Here's what Ratnesh Goyal of Arihant Capital says on these 2 stocks

Ratnesh Goyal, Head of Technical Analysis at Arihant Capital, on Monday selected NHPC Ltd as one of his top stock picks for the day.

6 May 2024 10:13 am
IDBI Bank shares rise 4% on Q4 earnings, dividend announcement

IDBI Bank Q4 earnings: The banking stock rose 4.25% to Rs 93.21 on Monday against the previous close of Rs 89.41 on BSE. Market cap of the lender stood at Rs 97,879 crore

6 May 2024 9:42 am
Jhunjhunwala loses Rs 800 crore within minutes as Titan shares tank 5%

Titan's m-cap fell below the Rs 3 lakh crore-mark to Rs 2,98,815 crore on Monday morning from Rs 3,13,868 crore on Friday, dragging Jhunjhunwala's notional investment value to Rs 15,986 crore, down Rs 805 crore.

6 May 2024 9:40 am
ITC, VBL, Britannia, Nestle, Uflex: PWM rules may hit FMCG cos; here are key beneficiaries

Kotak said Britannia Industries, Colgate-Palmolive and Nestle India will be the most impacted, while Godrej Consumer Products Ltd (GCPL), ITC, Jyothy Labs and Varun Beverages Ltd (VBL) will remain the least impacted by the new plastic waste management.

6 May 2024 9:02 am
Paytm shares in focus as COO Bhavesh Gupta resigns, moves to advisory role

Shares of Paytm closed at Rs 370 on Friday, down 0.59 per cent. The stock has fallen 58 per cent in the last six months, following the RBI ban on Paytm Payments Bank from accepting fresh deposits and carrying out transactions.

6 May 2024 8:21 am
Stocks in the news: Kotak Bank, Lupin, Titan, YES Bank, Paytm, Tata Power, Britannia, Tata Tech

Godrej Consumer Products, Lupin, Indian Bank, Marico, Grindwell Norton, Happiest Minds, Route Mobila, Fusion Micro Finance, GHCL and more will announce their quarterly earnings later today.

6 May 2024 8:14 am
Shree Cement, NHPC, Blue Dart: Target prices for these buzzing stocks

Analysts such as Anand Rathi see a breakout from consolidation in the shares of NHPC and the price action resembles a bullish inverse Head & Shoulder pattern.

6 May 2024 8:08 am
Raymond Share Price LIVE: Stock up 23.85% in last one month; What you should know

Raymond Ltd Stock Price Live: The Raymond Ltd has been in focus today amid company-specific news and/or recent price action on the counter. Raymond Ltd shares settled the previous traded session at 2,227.60, down 2.92%. The stock has traded in a wide range of 2,333.00 and 1,487.60 in the last one year. At last count, the Raymond Ltd sector company commanded a market capitalisation of 14.83 Thousand Crore. Heres a deep dive Raymond Ltd stock performance, peer returns, historical details, & other

6 May 2024 8:00 am
Titan Company Share Price LIVE: Stock down 4.99% in last one month; What you should know

Titan Company Ltd Stock Price Live: The Titan Company Ltd has been in focus today amid company-specific news and/or recent price action on the counter. Titan Company Ltd shares settled the previous traded session at 3,533.90, down 0.97%. The stock has traded in a wide range of 3,886.95 and 2,656.55 in the last one year. At last count, the Titan Company Ltd sector company commanded a market capitalisation of 3.14 Lakh Crore. Heres a deep dive Titan Company Ltd stock performance, peer returns, his

6 May 2024 8:00 am
Coforge Share Price LIVE: Stock down 10.27% in last one month; What you should know

Coforge Ltd Stock Price Live: The Coforge Ltd has been in focus today amid company-specific news and/or recent price action on the counter. Coforge Ltd shares settled the previous traded session at 4,985.70, down 2.3%. The stock has traded in a wide range of 6,847.45 and 4,055.90 in the last one year. At last count, the Coforge Ltd sector company commanded a market capitalisation of 27.71 Thousand Crore. Heres a deep dive Coforge Ltd stock performance, peer returns, historical details, & other i

6 May 2024 8:00 am
Coal India Share Price LIVE: Stock up in early trade; m-cap at 2.95 Lakh Crore

Coal India Ltd Stock Price Live: The Coal India Ltd has been in focus today amid company-specific news and/or recent price action on the counter. Coal India Ltd shares settled the previous traded session at 453.90, down 0.09%. The stock has traded in a wide range of 487.60 and 223.25 in the last one year. At last count, the Coal India Ltd sector company commanded a market capitalisation of 2.92 Lakh Crore. Heres a deep dive Coal India Ltd stock performance, peer returns, historical details, & ot

6 May 2024 8:00 am
REC Share Price LIVE: Stock down in early trade; m-cap at 1.40 Lakh Crore

REC Ltd Stock Price Live: The REC Ltd has been in focus today amid company-specific news and/or recent price action on the counter. REC Ltd shares settled the previous traded session at 553.90, up 9.22%. The stock has traded in a wide range of 557.85 and 127.40 in the last one year. At last count, the REC Ltd sector company commanded a market capitalisation of 1.47 Lakh Crore. Heres a deep dive REC Ltd stock performance, peer returns, historical details, & other insights

6 May 2024 8:00 am
LTIMindtree Share Price LIVE: Stock up in early trade; m-cap at 1.38 Lakh Crore

LTIMindtree Ltd Stock Price Live: The LTIMindtree Ltd has been in focus today amid company-specific news and/or recent price action on the counter. LTIMindtree Ltd shares settled the previous traded session at 4,692.70, down 0.29%. The stock has traded in a wide range of 6,442.00 and 4,458.45 in the last one year. At last count, the LTIMindtree Ltd sector company commanded a market capitalisation of 1.38 Lakh Crore. Heres a deep dive LTIMindtree Ltd stock performance, peer returns, historical de

6 May 2024 8:00 am
5 reasons why Jefferies upped Kotak Mahindra Bank's share price target

Jefferies upgraded Kotak Mahindra Bank to 'Overweight' on supportive valuations post recent RBI actions. The bank showed in Q4 print that core operating metrics remain strong, the foreign brokerage said.

6 May 2024 7:08 am
IIHL targets $50 billion in valuation post Reliance Capital and Invesco Mutual Fund buys

IIHL is yet to get a nod from insurance watchdog Irdai for its Rs 9,650-crore acquisition of Reliance Capital. IIHL said it will be able to pay the sum it has bid for within 48 hours of the Irdai nod and complete the deal.

5 May 2024 8:22 pm
REC gets a Gift City invite! RBI okays plan to set up subsidiary in financial hub

The decision to expand operations into GIFT, a burgeoning hub for financial services in India, comes as REC continues to diversify its portfolio and explore new avenues for growth, the company stated.

5 May 2024 7:43 pm
Warren Buffett, the man with $189 billion cash pile, calls India an 'unexplored opportunity'

Berkshire reported first-quarter earnings that showed that its cash pile swelled to $189 billion as of March 31 while the size of its stake in Apple fell.

5 May 2024 4:39 pm
Will Monday be a Fry Day? Rising India VIX, volatile FII flows has Dalal Street on the edge for now

On Friday, the 30-share BSE Sensex dropped 732.96 points or 0.98 per cent to settle at 73,878.15 after soaring 484.07 points. From its intra-day high of 75,095.18, the benchmark tanked 1,627.45 points to the day's low of 73,467.73.

5 May 2024 2:09 pm
'Flying licence only remaining thing of value': Plane-less GoFirst banks on a June miracle

Management consultancy Primus Partners' Managing Director Shravan Shetty said Go First seems to be headed unfortunately towards liquidation with the cost of revival increasing.

5 May 2024 12:47 pm
Suzlon Energy shares in focus over merger of wholly-owned subsidiary with itself

Highlighting the need for restructuring, Suzlon Energy said that the amalgamation would result in simplified group structure to further improve transparency.

5 May 2024 10:23 am
'I hope I come next year': All the things Warren Buffett said at 1st Berkshire meet without Charlie Munger

Warren Buffett has raised the alarm on AI, warning it threatens to supercharge fraud by making scams more convincing than ever.

5 May 2024 7:29 am
What will Warren Buffett do next? Billionaire sitting on mountain of cash but no big deal in sight

In the absence of deals, Berkshire has turned to buying back its own shares. It spent about $2.6 billion doing that in the first quarter, it said in its earnings statement Saturday.

4 May 2024 7:35 pm
'Does not feel good': Kotak Mahindra CEO expects bank to 'come out OK' after RBI torpedo

Kotak is already working with the RBI to appoint an external auditor for IT systems and the process should be completed soon, said Ashok Vaswani.

4 May 2024 7:15 pm
DMart Q4 result: Net profit sees 22% jump to Rs 563 crore, revenue up 20%. Full details

Its e-commerce vertical DMart Ready has started functioning in Gurugram. DMart Ready is available in 23 cities across the country.

4 May 2024 6:52 pm
NSE becomes $1 bn company, contributes Rs 43,514 cr to state exchequer in FY24

For the full FY24, NSE's profit rose 51% to Rs 8,306 crore and the total revenue came in at Rs 16,352 crore, showing a 28% YoY jump

4 May 2024 4:09 pm
Weekly Market Wrap: Despite selloff, D-street closes with marginal gains. What lies ahead?

The BSE Sensex rose 148 points, or 0.20%, at 73,878.15 during the week ended on May 03, 2024. While the Nifty gained 56 points, or 0.25%, to 22,475.85.

4 May 2024 2:12 pm
Kotak Mahindra Bank Q4 Results: PAT surges 18% YoY to Rs 4,133 crore, NII at Rs 6,909 cr

Its net interest income (NII) in Q4 rose 13% YoY to Rs 6,909 crore, while itsnet interest margin (NIM) in Q4 rose to 5.28% vs 5.22% in Q3 of FY24.

4 May 2024 12:58 pm
NSE board okays 4:1 bonus issue, dividend of Rs 90 per share. More details here

The NSE reported a 20 per cent year-on-year increase in consolidated net profit at Rs 2,488 crore for three months ended March 2024.

4 May 2024 11:27 am
Kotak Mahindra Bank Q4 FY24 preview: Profit may slip, asset quality to remain stable

Top brokerages expect Kotak Mahindra Bank's net profit for the Q4 to fall around 3% year-on-year. Meanwhile, net interest income for the period is expected to grow 10% year-on-year.

4 May 2024 10:17 am
IPO alert: 3issues open next week, to raise Rs 6,390 cr; check details and latest GMPs

Aadhar Housing Finance, TBO Tek and Ingedene are looking to raise the amount, with an average issue size of Rs 2,130.85 crore via the primary route

4 May 2024 9:36 am
Titan Company Q4 earnings: Net profit rises 7%, dividend announced

Titan Company Q4 earnings: Net profit climbed to Rs 786 crore in Q4 from Rs 734 crore in the year-ago period

3 May 2024 5:56 pm
Tata Technologies Q4 results: Profit tanks 27.4% to Rs 157.20 crore; here's what management says

The consolidated revenue from operations declined 7.2 per cent YoY to Rs 1,301 crore from Rs 1,402.40 crore YoY.

3 May 2024 5:13 pm