New Peaks On Friday, the benchmark Sensex fell by 192 points, closing at 77,415. Despite this market decline, six stocks from the BSE 500 index reached their 52-week highs, marking their highest prices in the past year. A 52-week high is a key indicator for traders and investors, reflecting a stock’s peak value over the … Read more
Smallcap counters Capri Global Capital and Tourism Finance Corporation of India (TFCIL) hit 20% upper circuit in the day’s trade on Wednesday even as the domestic frontline indices fell, breaking their seven-sessions gaining streak. While TFCIL shares closed the session with a 19% uptick at Rs 166.49 on the NSE, Capri Global settled 17% higher. … Read more
Kotak Institutional Equities initiated coverage with a ‘Sell’ rating and set a target price of Rs 2,550. Kotak expects Waaree to see a 12% compound annual growth rate (CAGR) for its module capacity, which is expected to reach 40 GW by 2035. Additionally, Kotak projects a 14% volume CAGR for Waaree’s modules until FY2035, driven … Read more
SBI Mutual Fund (MF) and Tata MF on Wednesday bought shares of Ratnamani Metals & Tubes for Rs 262 crore through open market transactions. According to the block deal data available on the National Stock Exchange (NSE), SBI Mutual Fund purchased 7.55 lakh shares, while Tata MF picked 30,000 shares, amounting to a combined 1.12 … Read more
Waaree Energies‘ shares zoomed 12% in today’s intraday session to a new record high of Rs 2,718, marking the fourth consecutive day of gains with strong trading activity. Following a strong debut at a premium of Rs 1,047 or 70%, the stock has surged over 80% from its issue price of Rs 1,503 per share. … Read more
Shares of Avenue Supermarts-operated DMart tumbled 5% to their day’s low of Rs 4,701.90 after the company reported 14% growth in its standalone revenues at Rs 14,050 crore for the second quarter and added a net of 6 stores. The total number of stores at the end of September 2024 stood at 377. The Radhakishan … Read more
Berkshire Hathaway‘s Vice Chairman Ajit Jain has sold more than half of his stake in the company, garnering $139 million, according to a Bloomberg report. According to the SEC filing, Jain, who is one of Warren Buffett’s top lieutenants, sold 200 of his class A common stocks at an average of $695,418 per share, just … Read more
State-owned NBCC (India) Ltd on Saturday said the board has approved issue of bonus shares in a ratio of 1:2 to eligible shareholders and the company will utilise Rs 90 crore free reserve for this purpose. In a regulatory filing, the company informed that the board has approved issuance of bonus shares and fixation of … Read more
Power Grid on Friday reported a standalone net profit of Rs 3,412 crore in the first quarter ended June 2024. This is a fall of 4% from Rs 3,542 crore posted in the same quarter last year. Revenue from operations during the same period declined 2% year-on-year to Rs 10,068 crore as against Rs 10245 … Read more
Radhakishan Damani, through his entity Derive Trading, on Wednesday offloaded a partial stake in tobacco company VST Industries through bulk deals. According to exchange data, Damani sold about 2.62 lakh shares or about 1.7% stake in the company at Rs 4,102 apiece. This takes the transaction value to Rs 107 crore. According to the latest … Read more