Vodafone Idea has made an exit from Nifty 500 index and Nifty Midcap 100 as part of a semi-annual rejig of NSE’s various indices. Vodafone’s current free-float market capitalisation stands at Rs 36,534 crore and the stock today ended at Rs 15.83, down by Rs 0.37 or 2.28% over the Thursday closing price. Vodafone’s exit … Read more
Defense sector stocks gained up to 7% on Tuesday led by state-run Mazagon Dock Shipbuilders which hit the day’s high of Rs 2,219.90 on the NSE following an order for constructing DWT Multi-Purpose Hybrid Power Vessels for an undisclosed amount from a European client. Cochin Shipyard, Bharat Electronics (BEL), Hindustan Aeronautics (HAL), Bharat Dynamics, Bharat … Read more
The Indian market closed higher on Friday tracking positive global cues. The S&P BSE Sensex rallied more than 500 points, while the Nifty50 closed above 19,400 levels. Sectorally, buying was seen in metals, utilities, telecom, and public sector while some selling was seen in healthcare stocks. Stocks that were in focus included names like MTAR … Read more
Shares of defence companies were buzzing in Tuesday’s trade, with Premier Explosives leading the rally on favourable growth prospects, backed by robust order book and healthy pipeline. While Premier Explosives was up nearly 20% in intraday trade, Bharat Dynamics and Zen Technologies rose 15% and 13%, respectively. Mazagon Dock Shipbuilders, on the other hand, was … Read more
Domestic markets snapped an 8-day winning streak to close in the red on Friday. The S&P BSE Sensex fell more than 400 points while the Nifty50 closed below 18,700 levels. Sectorally, buying was seen in realty, telecom, and metal stocks while selling was recorded in power, auto, utilities and FMCG stocks. Stocks that were in … Read more
NEW DELHI: While a number of bluechips have been sulking in a volatile 2022, defence stocks have been firing on all cylinders. Missile-maker Bharat Dynamics (BDL), which has been below the radar of most brokerages as only a handful of them have coverage on the PSU, has seen its shares more than double so far … Read more
Seasoned investor Mukul Agrawal was busy rejigging his portfolio in the June quarter as he added at least four new stocks to his portfolio, and increased his stake in another one. On the other hand, he trimmed his holdings in a few underperformers, while he likely exited one counter. Among new additions, Mukul Agrawal’s name … Read more
ET Intelligence Group: Hyderabad based MTAR Technologies plans to raise Rs 124 crore by issuing fresh equity shares and another Rs 473 crore by selling a portion of existing shares. The company caters to nuclear, defence, and space research sectors. Given the strength of its products and solutions portfolio, increasing opportunities in the renewable energy, … Read more