Posts in category Economic Times
Technical Breakout Stocks: How to trade Garden Reach Shipbuilders, Cochin Shipyard and RVNL on Friday (23-05-2024)
Sensex rose nearly 1,200 points to hit a record high of 75,499 and Nifty settled near 23,000. Buying was seen in banks, capital goods, auto and consumer durables. Healthcare and metal stocks saw little selling pressure. Garden Reach Shipbuilders rose 20% to hit a fresh record high.
Puravankara Q4 Results: Loss narrows to Rs 7 crore YoY; revenue shoots up 112% YoY (23-05-2024)
The firm has launched 12 projects with a saleable area of 9.47 million square feet, reinforcing its expansion into high- potential micro-markets for the fourth quarter (Q4FY24) ending March 31, 2024.
Ahead of Market: 10 things that will decide D-Street action on Friday (23-05-2024)
Financial stocks powered up Indian blue-chip indices on Thursday, taking them to all-time highs. Short-term moving averages are expected to support the indices on any decline. Nifty formed a long bull candle on the daily chart. The MACD showed bearish signs on the counters of Vadilal Industries, Bharat Rasayan, Godrej Properties, Maithan Alloys, Mrs Bectors Food Specialities, Astral, and Ajanta Pharma.
ITC Q4 Results: Net profit drops marginally to Rs 5,020 crore (23-05-2024)
Revenue from operations went up by 1.4% at Rs 17,752.87 crore in the period under review. The company said excluding the agri-business (which was severely impacted due to government restrictions in trade of agri-commodities), the company’s gross revenue during the fourth quarter has gone up by 6% y-o-y.
IndiGo announces foray into business class after record profit (23-05-2024)
IndiGo said that business class will be available on the busiest routes of the country which sees heavy corporate traffic and will be operational before the end of this year. Coming August, around IndiGo’s anniversary, more details on product offering, launch date and routes will be unveiled.
Nvidia’s blowout forecast adds fresh fuel to AI rally; stock jumps 9% (23-05-2024)
Nvidia rallied 9% on Thursday as its bumper revenue forecast reinforced investor confidence in the AI-driven boom in chip demand, lifting shares across the semiconductor sector.
Market Trading Guide: Tata Motors, L&T among 5 stock recommendations for Friday (23-05-2024)
Indian blue-chip indices notched all-time closing highs on Thursday, fueled by gains in financial stocks. The S&P BSE Sensex closed 1.6% higher at 75,418, while the NSE Nifty50 index ended below the 22,950 level.
Starbucks’ FY24 losses widen to Rs 81.84 crore for India operations (23-05-2024)
Of its total loss, Tata Consumer bore Rs 40.91 crore. This is a significant increase compared to the previous year, when Starbucks reported a loss of Rs 24.97 crore on sales of Rs 1086.89 crore.
Nasdaq, S&P 500 open higher as Nvidia drives chip stocks rally (23-05-2024)
The Dow Jones Industrial Average rose 23.91 points at the open to 39,694.95.