On the technical charts, the RSI of the stock stood at 68.
Posts in category All News
Information Technology stocks edge higher (21-11-2024)
Information Technology stocks were trading in green, with the BSE Information Technology index increasing 152.29 points or 0.37% at 41544.76 at 09:40 IST.
Stock market update: Stocks that hit 52-week highs on NSE (21-11-2024)
Jindal Poly Investm, Pearl Global, Power & Instrument, Tera Software and Sky Gold, hit their fresh 52-week highs at 09:59AM.
Vasa Denticity aka Dentalkart – The Indian Amazon of Dental supplies ?! (21-11-2024)
Vasa Denticity is one of the rare microcaps in which both Ashish Kacholia and Mukul Agrawal hold more than 2% of the shares.
Invested and Biased.
dr.vikas
Cochin Shipyard, Honasa among 38 smallcaps that crashed up to 78% from 52-week highs (21-11-2024)
The Nifty 50 index recovered slightly after a seven-day losing streak, but the broader market, particularly small-cap stocks, witnessed significant declines. Some small-cap stocks plummeted by as much as 78% from their 52-week highs, reflecting a bearish market sentiment.
Adani bull GQG caught in cross-firing as shares crash 26%, may review portfolio (21-11-2024)
GQG Partners Share Price: GQG Partners, an investment firm that heavily invested in Adani stocks, is reviewing its portfolio following U.S. prosecutors indicting Gautam Adani and others on bribery charges. GQG’s shares plummeted 26% after the news, while Adani Group stocks fell by up to 20% in India.
Buy Lemon Tree Hotels, target price Rs 155: HDFC Securities (21-11-2024)
HDFC Securities has issued a buy call for Lemon Tree Hotels Ltd., setting a target price of Rs 155. Despite a recent dip in occupancy rates, the hotel chain’s revenue and EBITDA saw significant year-over-year growth. HDFC Securities predicts strong growth for Lemon Tree Hotels, citing the company’s ambitious expansion plans and focus on asset-light growth.
Adani Group shares plunge up to 20% post US SEC bribery, fraud charges (21-11-2024)
Gautam Adani, along with other executives, has been charged by US prosecutors for allegedly bribing ($250 million) Indian officials.
Rupee hits record low hurt by weak local equities, buoyant dollar (21-11-2024)
The Indian rupee hit an all-time low against a strengthening dollar, fueled by foreign investment exits and fading expectations of US interest rate cuts. Despite likely intervention by the Reserve Bank of India, the rupee weakened to 84.4225 per dollar. Indian equities also fell, impacted by losses in Adani Group stocks following fraud charges against its chairman.