Mumbai: Shares of cement companies have seen renewed buying interest in the past few weeks following a rise in prices, expectations of strong first quarter results despite the onset of monsoons, and an expected FY26 rebound from circumspect sales last year. Analysts said that even on the technical charts, some stocks indicate a breakout. Companies … Read more
Shares of Asian Paints have gained 8.3% over the past week, rising as much as 1.8% on Thursday, as falling crude prices boosted investor optimism around improving margins for India’s largest paint manufacturer, even as it faces an antitrust probe by the country’s competition regulator. The rally comes amid a drop in global oil benchmarks, … Read more
Shares of Grasim Industries climbed as much as 4.4% on Tuesday to Rs 2,723.50 on the BSE after Morgan Stanley upgraded the stock to ‘Overweight’ from ‘Equal-weight’ and raised its target price to Rs 3,500 from Rs 2,975. The brokerage also named the Aditya Birla Group company a “top pick in coverage”, citing “multiple opportunities … Read more
Grasim Industries Ltd. has secured its lowest-cost local-currency bond since June 2020, a sign that interest rate cuts and recent cash infusions by the Indian central bank are benefiting companies. The flagship of billionaire Kumar Mangalam Birla plans to raise as much as 10 billion rupees ($117 million) selling a bond due in five years, … Read more
Crude-sensitive stocks, including oil marketers, paint, tyre manufacturers, and airlines, fell on Monday, January 13, as Brent oil prices surged past $81 per barrel. The rise follows expectations that new U.S. sanctions on Russia will impact crude supplies to China and India. Oil prices reached their highest level in over three months, driven by concerns … Read more
Indian benchmark indices BSE Sensex and Nifty ended with minor declines on Tuesday dragged by IT and bank stocks. While the 30-stock BSE Sensex finished at 78,472.87, falling by 67.30 points or 0.09%, the broader Nifty50 finished at 23,727.65, declining by 25.80 points or 0.11%. Domestic markets were closed today (Wednesday, December 25) on account … Read more
Grasim Industries, the flagship company of Aditya Birla Group, on Thursday reported a 66% fall in its consolidated net profit at Rs 390 crore in the second quarter, compared with Rs 1,164 crore in the last year quarter. Revenue from operations, meanwhile, rose 11% YoY to Rs 33,563 crore in the reporting period. EBITDA for … Read more
Apr 21, 2024, 12:11:01 PM IST 1/6 Shifting Sentiments Around 32 stocks witnessed buying by mutual funds over the past four months (November 2023 to February 2024) but turned to selling in March. Here are the top 5 stocks from the list, according to a report from Elara Capital. ETMarkets.com The stock witnessed continuous MF … Read more
Indian market is likely to trade higher on Thursday tracking positive global cues. The Nifty50 experienced a sharp correction on Wednesday, but it managed to hold on to the 22000 level towards the close of the trade. The market may go sideways after a sharp rise and that may be considered as healthy from the … Read more
Tata Consultancy Services. Share Price 3580.80 03:59 PM | 12 Sep 2023 100.16(2.87%) Larsen & Toubro. Share Price 2944.10 04:15 PM | 12 Sep 2023 49.91(1.72%) Infosys. Share Price 1501.10 03:59 PM | 12 Sep 2023 24.65(1.66%) Divi’s Laboratories. Share Price 3787.80 03:58 PM | 12 Sep 2023 51.56(1.37%) UltraTech Cement. Share Price 8571.65 03:56 … Read more