Markets / Business Today
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Ratnesh Goyal, Head of Technical Analysis at Arihant Capital, on Monday selected NHPC Ltd as one of his top stock picks for the day.
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
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.
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.
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.
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.
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.
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
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
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
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
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
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
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.
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.
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.
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.
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.
Management consultancy Primus Partners' Managing Director Shravan Shetty said Go First seems to be headed unfortunately towards liquidation with the cost of revival increasing.
Highlighting the need for restructuring, Suzlon Energy said that the amalgamation would result in simplified group structure to further improve transparency.
Warren Buffett has raised the alarm on AI, warning it threatens to supercharge fraud by making scams more convincing than ever.
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.
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.
Its e-commerce vertical DMart Ready has started functioning in Gurugram. DMart Ready is available in 23 cities across the country.
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
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.
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.
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.
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.
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
Titan Company Q4 earnings: Net profit climbed to Rs 786 crore in Q4 from Rs 734 crore in the year-ago period
The consolidated revenue from operations declined 7.2 per cent YoY to Rs 1,301 crore from Rs 1,402.40 crore YoY.