In the last one month, the benchmark index Nifty 50 went up by 4% while the broader indices midcaps, smallcaps went up by 6% and 5%, respectively. This outperformance was led by improved sentiment and positive flows. However, brokerage house Axis Securities believes that with the recent run-up in the […]
stocks
Zomato share price surged nearly 10 per cent in morning trade on Friday, August 2, to hit a fresh all-time high of ₹256.80, a day after the company reported its April-June quarter (Q1FY25) results. The stock opened 5 per cent higher at ₹244 apiece on the BSE. As Mint reported […]
Shares of Tata Group’s Trent surged over 5 percent on Wednesday, reaching a new high and extending rally. The stock has gained more than 13 percent in 8 sessions. The rally is driven by market speculation that Trent will be included in the Nifty 50 index during the upcoming September […]
Axis Securities has initiated coverage on India’s food delivery giant Zomato with a buy call. The target price is pegged at ₹280, implying a 22 per cent upside potential from the stock’s July 31 closing of ₹229.50 on the BSE. Zomato share price closed 1.01 per cent higher on the […]
Shares of IndiaMART InterMESH plunged more than 8 percent in intra-day trading on Wednesday after the company reported a significant drop in subscriber additions for the quarter ending June 2024 (Q1FY25). The company added only 1,500 subscribers in Q1FY25, far below analysts’ expectations, compared to 2,683 subscribers in the March […]
The Indian hospitality sector has been the talk of the town due to its stellar performance over the past two years, as the impact of Covid-19 abated. Occupancy rates and Average Room Rates (ARRs) have shown a robust increase, leading to significant improvements in key financial metrics such as EBITDA […]
Mid-cap and small-cap stocks have long been attractive for their high return potential. The Nifty Midcap index has outperformed the benchmark Nifty index for the fourth straight month in July (till date), rising 4.7 percent as against a 3.4 percent gain in Nifty. In 2024 as well, the mid-cap index […]
Shares of construction major NBCC (India) rallied over 8 percent in intra-day deals on Monday after the state-owned company announced that its arm, HSCC (India) Limited, has secured a significant order worth ₹411.45 crore. This development marks another milestone for the company as it continues to expand its portfolio of […]
Global brokerage house Nomura has increased the target price of auto component maker Sona BLW Precision Forgings following the company’s impressive results for the quarter ended June 2024 and a strong order book. Maintaining a ‘buy’ recommendation, the brokerage has raised its target price by nearly 15 percent to ₹788 […]
There is nothing wrong with the budget, as it aligns with India’s long-term growth trajectory. However, the domestic investors had a wide expectation on the budget. Anticipated both revenue and capital expenditure to be increased further and expand the positive vibes built on by the vote of accounts and national […]