India VIX was down by 0.47% from 11.18 to 11.13 levels on Wednesday. Volatility was slightly down and created room for the bulls. On the weekly options front, the maximum Call OI is placed at 19800 and then towards 19700 strikes while the maximum Put OI is placed at 19600 and then towards 19400 strikes. … Read more
MUMBAI – The Tata Steel Ltd board has approved the issuance of up to 7.58 crore shares to the shareholders of Tata Steel Long Products under the proposed merger plan, following the approval of the National Company Law Tribunal. Shareholders of Tata Steel Long Products will get 67 shares of Tata Steel for every 10 … Read more
Shares of Tata Power, Nelco, Indian Hotels Company, Voltas, Tata Investment Corporation, Tata Chemicals, and Tata Steel will trade ex-dividend this month. With a market cap of Rs 1,413 crore, Nelco is a leading satellite communication (SatCom or VSAT) service provider in India. It will trade ex-dividend on Monday, June 6, with a final dividend … Read more
Shares of fell nearly 5% to Rs 112 in Tuesday’s intraday trade on BSE after the company reported a surprise consolidated net loss of Rs 2,224 crore for the December quarter. The company had posted a profit of Rs 9,572 crore in the last-year period and Rs 1,514 crore in the previous September quarter. Its … Read more
Shares of rallied over 5% to RS 118.95 in Monday’s trade on BSE after global brokerage firm Jefferies turned positive on Indian metals stocks. Global brokerage Jefferies upgraded its hold rating on Tata Steel to a buy rating with a target price of Rs 150, implying an upside potential of 28% from the current market … Read more
Shares of metal companies such as , , and rallied up to 8% amid reports that Indian steel mills are eyeing price hikes in January on the back of improved global cues and the firming up of international prices. Shares of , , , , and also rose over 3%. At 1.13 pm, shares of … Read more
Nifty futures on the Singapore Exchange traded 242.5 points, or 1.43 per cent higher at 17,110.5, signaling that Dalal Street was headed for a positive start on Tuesday. Here are a dozen stocks which may buzz the most in today’s trade: : The largest mortgage lender in the country said loans assigned in Q2FY23 stood … Read more
Indian market closed in the green on Friday for the third consecutive day. The S&P BSE Sensex rallied more than 700 points while Nifty50 closed above 17,100 levels. Sectorally, the rally was seen in metals, energy, oil & gas, IT, and consumer durables. Stocks that were in focus include which hit a fresh 52-week high, … Read more
New Delhi: Despite strong volatility seen in sectors like metal, mining and pharma, global brokerage firms are bullish on select stocks from these pockets. Global brokerage Citi remains bullish on , maintaining a buy rating on the counter. However, it has slashed its target price to Rs 1,085 from Rs 1,800, signalling about a 25 … Read more
MUMBAI: Tata Steel today reported a consolidated net profit of Rs. 9,768 crore for the quarter ended June as against a net loss of Rs. 4,648 crore in the year-ago quarter. Analysts had expected the company to report a consolidated net profit of Rs. 9,306 crore. The country’s largest steelmaker reported a 109.5 per cent … Read more