Shares of Ashish Kacholia-backed Jain Resource Recycling surged 9% to their new 52-week high of Rs 401.30 on the BSE on Friday, October 24, extending gains for a fifth consecutive session after the company reported a strong set of numbers for the second quarter of the financial year FY26. The company’s consolidated net profit for … Read more
Indian shares advanced for a fourth session on Monday, with the Sensex climbing 0.5% and the Nifty closing above the 25,800 mark, as heavyweight Reliance Industries and HDFC Bank surged on post-results optimism. Gains were partly offset by profit-taking in ICICI Bank, which capped the broader rally. The S&P BSE Sensex surged 411.18 points, or … Read more
Shares of Bank of Maharashtra gained as much as 4.3% to their day’s high of Rs 57.40 on the NSE on October 15 after the lender reported a 23% on-year rise in net profit at Rs 1,633 crore during the September quarter, with Net Interest Income (NII) up 15.71% on-year to Rs 3,248 crore. Operating … Read more
Marquee investor Vijay Kedia picked up stake worth Rs 11 crore in Gujarat-based Eimco Elecon (India) on Tuesday via a bulk deal. Over 57,400 shares were bought by his investment company Kedia Securities Private Ltd at a price of Rs 1906.71 apiece. The purchase price was 4.4% higher from the Monday closing price of Rs … Read more
Shares of Hindustan Zinc (HZ) could likely benefit from Silver’s remarkable rally and is emerging as one of the biggest beneficiaries as prices of the precious metal continue to surge, up 63% so far this year to $47 per ounce — sharply higher than $34/oz in Q1FY26 and $30/oz in FY25, Emkay Global said in … Read more
Warren Buffett’s Berkshire Hathaway has fully sold its 17-year stake in Chinese electric-vehicle maker BYD, ending one of the most profitable foreign bets in the conglomerate’s history. The move, which comes after BYD shares surged nearly 3,900% during Berkshire’s holding period, has rattled investors, even as the Chinese automaker framed the divestment as routine. BYD … Read more
Shares of Dixon Technologies rose over 1.4% to their day’s high of Rs 18,400 on the NSE on Thursday, September 25, after global brokerage UBS turned bullish on the stock, upgrading it to a ‘Buy’ rating and setting a price target of Rs 23,000 per share. Analysts imply an upside potential of nearly 27% from … Read more
Shares of Adani Power declined as much as 6% to their day’s low of Rs 160.25 on the NSE on Tuesday, September 23, after investors booked profit following a massive 35% surge in the counter after the company’s 1:5 stock split and positive brokerage views amid SEBI‘s clean chit on stock manipulation. The stock turned … Read more
Metal major Vedanta‘s shares fell nearly 4% on Wednesday to hit the day’s low of Rs 471 after its demerger plans received another setback. The government reportedly doubled down its objection, accusing the proposed demerger scheme of being a tactic to hinder the recovery of its dues.The objections were placed before the National Company Law … Read more
Since the severe foreign exchange crisis of 1991, one word that has become familiar to every Indian household is foreign investment, or FDI. The primary role of foreign investment was to balance our balance of payments, provide additional capital to a capital-starved economy, and support the stability of our currency. The question today is whether … Read more