Goldman retains its market weight stance and sees Nifty50 at 20,700 by June, implying 6.7 per cent gain since Thursday’s close at a record high of 19,497 points
Posts in category Business Standard
US stocks slide as traders bet on more rate hikes by Federal Reserve (06-07-2023)
Europe’s Stoxx 600 index sank the most in two weeks
Nifty50 gains for eighth consecutive trading session, up 99 points (06-07-2023)
The Sensex last closed at 65,786, up 340 points, or 0.5 per cent
Oil drops 1% as market frets about risk of US interest rate hike (06-07-2023)
OPEC upbeat over 2024 oil demand outlook despite slowdown
BSE approves buyback worth Rs 375 crore via tender route at Rs 816 apiece (06-07-2023)
The shares of BSE were trading at Rs 693.5, nearly 2 per cent in the green as of 2:40 PM on NSE
Puravankara soars 13% as it records highest-ever sales value in Q1FY24 (06-07-2023)
The sale’s value more than doubled, zooming 119 per cent year-on-year, to Rs 1,126 crore from previous year’s Q1 sales of Rs 513 crore
Ceat zooms 19% to hit an all-time high; m-cap crosses Rs 10,000 crore-mark (06-07-2023)
In the past two months, the market price of Ceat skyrocketed 50 per cent after margins expansion of the company were back to double digit in the January-March quarter (Q4FY23).
Hind Zinc rallies 8%; board to consider interim dividend for FY24 on July 8 (06-07-2023)
The record date for the eligibility of interim dividend payment, if any, will be Saturday July 15, 2023, Hindustan Zinc said in a filing
JBM Auto cracks 15% as investors book profit after a 51% rally in 12 days (06-07-2023)
In the last session on July 5, JBM Auto had hit a 52-week high of Rs 1,517.5 per share. On a year-to-date basis, the share has more than doubled investors’ wealth with a whopping rally of 190%
OMCs log 52-week high on fund raising plan; HPCL, BPCL, IOC gain up to 4% (06-07-2023)
Fitch ratings have said that announcements of plans to raise equity capital by BPCL and IOC should strengthen their capex spending and the credibility of their emission-reduction plans.