Benchmark indices rose today, tracking a global rally driven by a strong retail earnings outlook in the United States and concerns about aggressive rate hikes. Most of the indices were in the positive territory. The Nifty 50 is trading at 16,313.90 levels, up 0.89%, while the Sensex is trading at 54,758.81 levels, up 0.93%. Here [...]
The stock of FMCG major ITC Limited has acquired lustre in recent times. The shares climbed to their near 3-year highest levels to ₹ 282.35 apiece on 20th May 2022. In fact, ITC is the best performing stock in the Nifty 50 index with an increase of 21.61% on a year to date basis. The [...]
The Nifty Pharma index tanked 5.20% in the past three days and is currently at 12,553.70 points. Divi’s Laboratories is a major constituent of this index and has a weightage of 12.94% as per April 29, 2022’s data. Despite stellar results in the March quarter, the shares of Divi’s Laboratories slipped by more than 21% [...]
HDFC Securities has a buy call on the shares of Sobha Limited with a target price of ₹902. The shares are currently trading at ₹ 500.00 levels. This indicates an upside of 80.4%. Sobha Ltd. reported the highest-ever annual presales of 4.9 million square feet (msf) (+22% YoY), valued at ₹ 38.7bn. Bengaluru accounted for [...]
The shares of Sadhana Nitro Chem Limited gave multibagger returns of 4,434.22% in the last five years as they rose from ₹ 2.63 apiece to ₹119.25. Sadhana Nitro Chem Limited is engaged in the manufacturing of chemical intermediates, heavy organic chemicals and performance chemicals. Further, it is engaged in the business of wireless network equipment [...]
As the Street has entered the F&O expiry week the Indian Equity benchmarks BSE SENSEX and NSE Nifty50 have shown an up move on Monday. Though the metal stocks have limited the upside, the other sectors have pushed the indices higher. Here is a list of shares that investors can consider buying for an upside [...]
Ace Investor Dolly Khanna increased her stake in Rama Phosphates Limited from 2.3% in the December quarter to 2.6% in the March quarter. She holds a total of 4,52,987 shares worth about ₹ 17.9 crores in the company. The shares of Rama Phosphates have given multibagger returns of 304.87 % in the last five years. [...]
The shares of Radakishan Damani led DMart has plunged 30.90% in the last six months and 12.67% in the last month. However, we saw that its share price increased by 8% on Monday’s opening deals, after the company reported healthy March quarter profits. The company said that its FMCG business was recovering well. There was [...]
The shares of Voltas, a Tata Group company have fallen by 15.17% in the last five days. There was a major fall on Friday after it reported earnings below estimates for the quarter ended March 2022. Its share price declined 9.78% intraday to ₹ 1,045 apiece. The air conditioning and engineering services company’s net profit [...]
The shares of MCX Limited reached a fresh 52-week low of ₹ 1150.00 apiece on Thursday. This was led by a heavy sell-off by FIIs, following global cues like rising interest rates and the geopolitical crisis. Major central banks have increased the rates, thereby leading to a selling spree in the stock markets on a [...]
