The Relative Strength Index of the stock stood at 35.28 on Thursday.
Posts in category Economic Times
Lupin shares 2.07% as Nifty (07-11-2024)
A total of 40,840 shares changed hands on the counter till time (IST).
Trump policies may result in lower growth globally; India likely to be relatively better off: Sonal Varma, Nomura (07-11-2024)
Nomura’s Chief Economist, Sonal Varma, predicts that while a second Trump term will likely hinder global economic growth due to increased tariffs, India might emerge as a surprising beneficiary. Varma suggests that India’s domestic demand-driven economy and potential gains from supply chain shifts, particularly from China, could cushion the impact.
Trent shares crack 9% despite 46% YoY jump in Q2 PAT (07-11-2024)
Trent’s shares plummeted 9.2% despite reporting a 46% surge in Q2 profit, exceeding estimates. While revenue grew 39.6%, it fell short of projections. The company highlighted double-digit growth in its fashion segment and expansion of its store network, including Westside and Zudio outlets.
Apollo Hospitals, Federal Bank among 5 large & midcap stocks that hit 52-week highs on Thursday (07-11-2024)
Indian indices declined, led by Hindalco’s slide, while five Nifty 200 stocks reached new 52-week highs.
Shriram Finance shares 3.48% as Sensex (07-11-2024)
A total of 11,862 shares changed hands on the counter till 01:28PM (IST)
FirstCry shares tumble over 4% after GST department initiates investigation (07-11-2024)
Shares of FirstCry fell 4.5% after the GST department initiated an investigation at its Mumbai head office and Pune warehouse. The company assured normal operations, with no details on alleged violations.
Japan’s Nikkei ends lower on profit booking after sharp gains (07-11-2024)
Japan’s Nikkei share average reversed early gains to close lower on Thursday as investors took profits after the previous session’s surge. The index, influenced by Donald Trump’s presidential election win, saw early gains but ended down 0.25%. Fast Retailing and Tokyo Electron were among the decliners, while Keio and Taisei surged on buyback announcements.
Motilal Oswal initiates coverage on LT Foods, predicts 31% surge (07-11-2024)
Motilal Oswal initiates coverage on LT Foods with a ‘buy’ rating and a target price of Rs 520, implying a 31% upside. They cite the company’s strong international presence, dominance in the US market, and strategic expansion in the Middle East.
Bitcoin holds above $74,700 a day after Trump’s US election win; Altcoins trade mixed (07-11-2024)
The global cryptocurrency market cap increased by 0.9% in the last 24 hours, reaching around $2.52 trillion.