Posts in category Economic Times
Energy Mission Machineries debuts at 165% premium on NSE SME platform (16-05-2024)
.Energy Mission Machineries debuted on the NSE SME platform with a premium of 165%, opening at Rs 366 compared to the issue price of Rs 138. The IPO received overwhelming investor interest, oversubscribed 320 times.
Ashok Leyland shares rise 1.78 per cent in Thursday’s trading session (16-05-2024)
The Relative Strength Index of the stock stood at 68.17 on Thursday.
Q4 results today: Vodafone Idea, M&M among 94 companies to announce earnings on Thursday (16-05-2024)
94 companies, including M&M and Vodafone Idea, to announce Q4 results for Jan-Mar 2024. M&M expected to report net profit between Rs 1,777-2,079 crore with revenue at Rs 24,051 crore. Vodafone Idea's Q4 net loss to widen between Rs 7,307-7,680 crore with revenue around Rs 10,690.
Share price of Mphasis jumps as Sensex gains 177.68 points (16-05-2024)
A total of 2,752 shares changed hands on the counter till 09:59AM (IST)
Stock market update: Stocks that hit 52-week lows on NSE (16-05-2024)
Shriram Finance, Divis Labs, Maruti Suzuki, Bajaj Auto and Adani Ent. were among the top losers on NSE.
Gold Price Today: Yellow metal prices shoot above Rs 73,000/10 grams; silver rises over Rs 87,000/kg (16-05-2024)
This boosted gold's appeal as an investment. The dollar also weakened, and Treasury yields fell after the inflation report, which further supported gold prices.
Hot Stocks: Brokerages view on Adani Ports, Apollo Tyres; HSBC downgrades Colgate (16-05-2024)
Brokerage firm Jefferies maintained an underperform rating on Dixon Technologies, Nomura upgraded Apollo Tyres to neutral, Jefferies recommend buy on Adani Ports and HSBC downgraded Colgate to hold.
Dipan Mehta gives a hard pass to specialty chemicals; will bet on agrochem stocks (16-05-2024)
Dipan Mehta discusses the cautious outlook on chemicals, interest in agrochemical plays, auto sector trends, high PE ratios in capital goods, potential investments post-election, mixed earnings season results, and concerns about overvalued EMS companies. Mehta also says: "If the government comes back with a stable majority, then the best stocks to buy would be the defence stocks, PSUs. It could be PSU banks or the PSU engineering companies."
Sensex jumps 350 points, Nifty tops 22,300 as US inflation data spurs rate cut hopes (16-05-2024)
Indian benchmark indices, BSE Sensex and Nifty50, rose on positive global cues after US consumer inflation data. Nifty IT index surged 1.6%, led by Mphasis, Tech Mahindra, and Infosys. Nifty Pharma lagged, while Jindal Stainless fell 10% on softer steel prices. Markets expect two rate cuts in 2024, based on CMEGroup's FedWatch tool.
Buy Apollo Tyres, target price Rs 550: Motilal Oswal (16-05-2024)
Apollo Tyres Ltd. key Products/Revenue Segments include Tyres, Tubes & Flaps, Other Operating Revenue and Scrap for the year ending 31-Mar-2023.