The Indian equity market has witnessed a significant decrease in the number of companies with a valuation of $1 billion or more, with nearly one-fifth of the count diminishing over the past five months. At the peak on September 26 last year, 618 companies were part of the billion-dollar club. However, this number has now … Read more
MUMBAI – The National Stock Exchange (NSE) of India will launch four new indices in the cash and futures and options segments with effect from April 8. The exchange has proposed online dissemination of indices namely, Nifty Tata Group 25% Cap, Nifty500 Multicap India Manufacturing 50:30:20, Nifty500 Multicap Infrastructure 50:30:20, and Nifty MidSmall Healthcare, according … Read more
Shares of Maruti Suzuki India (MSIL) jumped 4% on Wednesday to hit a fresh 52-week high of Rs 12,722.70 on the NSE. The company also entered the coveted club of stocks with a market capitalisation of Rs 4 lakh crore. Currently, there are 13 other stocks with a market capitalisation of Rs 4 lakh crore … Read more
Shashank Srivastava, Executive Director, Maruti Suzuki India Ltd, says “the transformation of Maruti Suzuki is one of the biggest achievements of the company. Of course, we have contributed hugely to the Indian manufacturing sector. We are the leaders in the automobile for the last 40 years of its existence. But it goes beyond that and … Read more
After seeing testing times in FY23 amid skyrocketing inflation and weak consumer demand, India Inc found solace in FY24 as several companies reported strong double-digit growth in earnings. One of the major factors driving this growth was easing inflationary pressures. As many as 234 companies, excluding banks and financial services, saw operating profit or EBITDA, … Read more
Tata Motors. Share Price 667.10 04:06 PM | 13 Oct 2023 30.15(4.73%) IndusInd Bank. Share Price 1463.70 03:59 PM | 13 Oct 2023 39.46(2.76%) HCL Technologies. Share Price 1255.90 03:59 PM | 13 Oct 2023 32.16(2.62%) Tata Consumer Products. Share Price 913.35 03:59 PM | 13 Oct 2023 21.00(2.35%) Nestle India. Share Price 23554.35 03:59 … Read more
Larsen & Toubro Share Price 2983.70 09:23 AM | 12 Sep 2023 89.50(3.09%) JSW Steel Share Price 839.00 09:23 AM | 12 Sep 2023 14.50(1.76%) ICICI Bank Share Price 992.95 09:23 AM | 12 Sep 2023 14.70(1.50%) Dr Reddys Laboratories Share Price 5670.00 09:22 AM | 12 Sep 2023 56.20(1.00%) Divis Laboratories Share Price 3773.00 … Read more
Even as Maruti Suzuki India (MSIL) set its foot on the gas pedal with a two-fold year-on-year jump in its net profit, the EBITDA miss acted as an unwanted speed breaker, inviting a ‘Sell’ recommendation from CLSA. The stock on Tuesday fell by 1.4% on NSE to the day’s low of Rs 9,680.50 and was … Read more
From the COVID lows, the benchmark Sensex is up nearly three times, scaling past the 65,000-mark, and in this journey, 25 of its constituents have turned multibaggers. From March 2020, when COVID-19 pandemic brought the Indian economy to a standstill, the Sensex has risen a whopping 150%. On Monday, the index scaled a lifetime high … Read more
Notwithstanding the recent correction, Maruti Suzuki India (MSIL) shares are in a strong uptrend and trading above most of their simple moving averages. The stock has a potential upside of 14% or over Rs 1,300 per share based on the current chart structure along with robust fundamentals. MSIL shares rallied 7% or nearly 650 points … Read more