Shares of Oberoi Realty on Thursday jumped 9% to hit a fresh 52-week high of Rs 1,712.30 after the company reported a 65% year-on-year (YoY) jump in its Q4 profit at Rs 788 crore. The total income of the company rose to Rs 1,558.56 crore in the quarter from Rs 995.11 crore in the year-ago … Read more
Realty stocks jumped up to 7.2% on Friday after the rate-setting committee of the Reserve Bank of India (RBI) left the repo rate unchanged for the seventh time in a row. Mahindra Lifespace Developers gained the most in the Nifty Realty index. The other top gainers were Godrej Properties, Oberoi Realty, DLF, Brigade Enterprises, Macrotech … Read more
The December quarter show of India Inc though, was broadly in line to slightly better than street expectations, there were exceptions which failed to cheer up investors with good numbers. Around 26 companies, with a market capitalisation of over Rs 2,500 crore, reported atleast 25% year-on-year (YoY) fall in both revenue and profits in the … Read more
Mumbai: Real estate stocks were among the top performers on Thursday as the bullish momentum in the sector drove the share prices of many of them to record levels. The Nifty Realty index soared 6.76% – its largest single-day jump since September 2021 – to its highest closing in 15 years as against the Nifty’s … Read more
The week that went by saw bulls having an early Christmas party on Dalal Street, as benchmarks Nifty50 and Sensex clocked their best weekly gains since mid-November. The Sensex rallied more than 1,600 points or 2.4% last week and ended at a record closing high of 71483.75 points on Friday. While the gains were broad-based … Read more
Nifty is anticipated to trade within a range, and a move above 19,900 could trigger an extended rally possibly to new life highs, according to technical analysts. Conversely, in the event of profit booking, initial supports may emerge around 19,500-19,400. Stocks such as Bharti Airtel, Bajaj Auto, NTPC, Jindal Stainless, RIL, Lupin, BHEL, Divi’s Lab, … Read more
Britannia Industries. Share Price 4527.25 03:58 PM | 02 Nov 2023 129.95(2.95%) Hindalco Industries. Share Price 474.20 03:58 PM | 02 Nov 2023 11.50(2.48%) IndusInd Bank. Share Price 1461.20 03:58 PM | 02 Nov 2023 28.61(1.99%) Apollo Hospitals Enterprise. Share Price 4887.00 03:58 PM | 02 Nov 2023 90.45(1.88%) Eicher Motors. Share Price 3338.30 03:54 … Read more
Oberoi Realty, part of the realty space, gave a breakout from a ‘rounding bottom’ pattern on the daily charts last week which has opened room for the stock to head towards Rs 1,200 levels, suggest experts. The stock broke out from the neckline of the rounding bottom pattern on 27th July 2023 which was placed … Read more
The record-breaking rally in Nifty may extend to 19,800 levels, said technical analysts. The index closed at an all-time high of 19,564.50 on Friday as foreign portfolio investors stayed bullish on the market. Stocks such as ICICI Bank, National Aluminium, Tech Mahindra, Hindalco, Bajaj Finance, Tata Steel, Infosys, Glenmark, Zee, and Hero Motocorp have formed … Read more
“Looking at the Q3 numbers, it’s evident that there was sluggish demand from consumers. Thus, the upcoming quarter results will largely depend on consumer demand and the impact of seasonal rainfall and inflation. If volume picks up and consumer demand improves, we could see a re-rating” says Rahul Shah, Rahul Shah, VP-Equity Advisory at MOFSL. … Read more