Experts say that fresh buying in auto stocks, especially M&M, Tata Motors, Hero Motocorp and Maruti Suzuki led to a surge in the Nifty auto index. The index is at 12,649.10 points, very close to its lifetime high of 12,660 levels. The Nifty Auto Index has generated alpha returns as compared to the returns of [...]
The shares of Gujarat State Fertilizers&Chemicals Ltd (GSFC) opened at Rs 154 on the last trading session of the week. Till 12.30 pm the stock price has risen by more than 14% and was trading at Rs 162 levels. The spike is mainly because their consolidated net profit soared by more than 14.19% to Rs [...]
Big Bull of the Indian stock market Rakesh Jhunjhunwala has added a total of 18,30,388 shares of Escorts Kubota Ltd which represents a stake of 1.39% in the company with an investment value of Rs 316.5 Crores as per the latest filing for the June quarter. Last quarter i.e, March 2022, the ace investor had [...]
The shares of ITC Limited have crossed the ₹ 300 mark for the first time in three years! The FMCG major’s shares extended the rally to hit a fresh 52-week high of ₹ 302.20, after hitting a one-year high of ₹ 299.50 apiece on Wednesday. At the company’s AGM (annual general meeting), ITC Chairman & [...]
Indian stock markets rallied on Wednesday, tracking positive global cues. They extended the recent streak of gains to the fourth day. There were gains across sectors as strong earnings in the US helped investors take their minds off concerns about slowing growth due to steep hikes in COVID-era interest rates. Here are three blue-chip stocks [...]
Following a decline in international rates, the government on Wednesday slashed the windfall tax on petrol diesel, jet fuel and crude oil. According to the notifications released by the finance ministry, the government has slashed a ₹6 per litre tax on the export of petrol. The tax on diesel has been reduced from ₹13 per [...]
The government on Wednesday slashed the windfall tax on petrol, diesel, jet fuel and crude oil following a decline in international rates. It scrapped a Rs 6 a litre tax on export of petrol and reduced the same on ATF from Rs 6 a litre to Rs 4. Besides, the tax on diesel has been [...]
Sashidhar Jagdishan, CEO and MD, HDFC Bank, said that they are considering initial public offering (IPO) plans for HDFC Securities and HDB Financial Services. However, the plans depend on the merger process of HDFC Bank with HDFC Limited. HDFC Bank and HDFC Limited announced a USD 40 billion merger in April, this year. This was [...]
The shares of Quick Heal Technologies Ltd surged more than 18% till 12.30 pm and were trading at Rs 197 levels. The shares opened at Rs 189.55 as against their previous close of Rs 166. In the last month, the stock has added more than 36% as compared to the which has gained only 2.86%. [...]
Benchmark indices opened on a positive note today. The Sensex was up 446.07 points or 0.83% at 54206.85, and the Nifty was up 139.70 points or 0.87% at 16188.90. The broader markets also opened in green. Amid the rising markets, here are some of the stocks recommended by brokers for an upside of up to [...]
