Infosys crashes over 8% as analysts downgrade on weak guidance
[ad_1] Shares of Infosys tanked over eight per cent on Friday as most analysts bearish on the stock after the IT major reported a lower-than-expected 11 per cent rise in net profit for the June quarter and slashed its FY24 growth outlook. The stock plunged 8.18 per cent to settle at ₹1,330.40 on the BSE. […]
Stock to buy today: Mazagon Dock Shipbuilders (₹1,819.9)
[ad_1] Mazagon Dock Shipbuilder’s stock price has sharply risen since April. It found support at around ₹620 and embarked on an uptrend. The bull trend is still valid, and the stock has broken out of resistance on Thursday, opening the door for further rallies, especially on Friday. Read: Why the stock of Mazagon Dock is a good diversification bet […]
Veranda learning partners with PHIRE: Shares decline by 0.59%
[ad_1] Chennai-based Veranda RACE, a subsidiary of Veranda Learning Solutions, has joined hands with PHIRE, a placement-oriented training company for the private banking and BFSI sectors. The alliance resulted in a decline in shares by 0.59 per cent on the BSE. Also read: Veranda Learning acquires 7 companies valued at ₹400 crore The association aims […]
Wheat prices may soar in short-term on Russia calling off Black Sea grain deal
[ad_1] Global wheat prices have gained over 10 per cent since the beginning of this week and continue to gain after Russia pulled back from the Black Sea Grain Initiative (BSGI) and attacked the Port of Odesa, the gateway to Ukrainian grain exports. At 7.15 pm IST, wheat futures on the Chicago Board of Trade […]
Indian shares set for flat start ahead of key earnings
[ad_1] Indian shares are set to open little changed on Wednesday, amid improved global cues, with investors awaiting June-quarter earnings of top firms later this week. GIFT Nifty on the NSE International Exchange was down 0.01% at 19,801 as of 8:02 a.m. IST. Both the Nifty 50 and the Sensex hit fresh highs for the […]
Gold rises ₹100; silver climbs ₹600
[ad_1] Gold price rose ₹100 to ₹60,050 per 10 grams in the national capital on Tuesday amid a jump in the prices of the yellow metal globally, according to HDFC Securities. In the previous trade, gold had settled at ₹59,950 per 10 grams. Silver prices also climbed ₹600 to ₹77,000 per kilogram. Also read: Investment […]
Broker’s call: Thermax (Accumulate)
[ad_1] Target: ₹2,935 CMP: ₹2,400.95 Thermax Limited provides equipment and services solutions in the areas of energy and environment which comprises heating, cooling, power, water & waste management, air pollution control, and chemicals. The company’s focus on energy and environment-friendly solutions and products led to growth which is supported by changing emission norms and growing […]
Stocks surge: SOM Distilleries and Breweries gets approval to supply beer in Rajasthan
[ad_1] SOM Distilleries and Breweries Ltd. has received permission to supply its beer brands in the state of Rajasthan, as per a press release filed under Regulation 30 of SEBI (LODR) Regulations. Rajasthan, recognised for its substantial beer consumption, stands among the top five states in India in terms of market demand. SOM Distilleries and […]
NSE bars Angel One from onboarding new authorised persons
[ad_1] The Member and Core Settlement Guarantee Fund Committee of the National Stock Exchange of India Limited has barred Angel One broking from onboarding new authorised person (APs) for a period of six months. Authorised persons are the market intermediaries who act as the contact point between the investors and the stockbrokers to facilitate the entire investment process […]
Investors bet big on small-cap funds, pump in ₹10,930 cr in 3 months
[ad_1] The net inflow in the small-cap mutual funds increased 58 per cent in the June quarter to ₹10,936 crore against ₹6,932 crore in March quarter as the euphoria on the small-caps making it big in the growing economy hit a new high along with market barometer Sensex. The overall asset under management of 24 […]