Shares of the auto giant experienced a notable 3% surge, reaching an intraday high of ₹947.40. The positive momentum is attributed to reports suggesting Tata Motors’ contemplation of spinning off its battery business, Agratas Energy Storage Solutions, potentially paving the way for fundraising and an eventual public listing. The estimated valuation for Agratas in the … Read more
In a recent development, Vedanta experienced a notable turnover in its equity ownership, with approximately 2.2% stake valued at ₹2,255 crore changing hands in block deals, according to exchange disclosures. The move comes amidst reports of promoters contemplating a significant stake sale to Rajiv Jain’s GQG Partners, reflecting a potential strategic realignment. This news surfaces … Read more
Railtel, the railway company, made headlines on Tuesday by securing a substantial ₹139.73 crore order from Prasar Bharati Broadcasting Corporation. This order encompasses the entire process, from design and development to implementation, operations, and maintenance of an OTT platform. The positive impact of this announcement was evident in the stock’s performance, sustaining its upward momentum … Read more
In a remarkable achievement, TCS (Tata Consultancy Services) has reached a historic market capitalization exceeding Rs 15 lakh crore, marking an all-time high on February 6. The stock exhibited strong performance, trading 3.7 percent higher at Rs 4,125 and reaching an intraday peak of Rs 4,135 per share by 12:40 pm. Amidst a 2.23 percent … Read more
Hero MotoCorp’s shares increased by nearly 3% to Rs 4,715.80 in early trading on February 2 on the release of the company’s positive January 2024 sales numbers. The stock was trading at Rs 4,715.80 at 9:26 a.m. on the BSE, indicating a gain of Rs 128.90, or 2.81%. In January 2024, the company’s overall sales … Read more
Following the Reserve Bank of India’s imposition of restrictions on Paytm Payments Bank Limited (PPBL), Paytm witnessed a significant downturn in its share price on February 1. The shares opened at ₹608.80 apiece on the Bombay Stock Exchange (BSE), experiencing substantial selling pressure that triggered a 20% lower circuit within minutes of the market opening. … Read more
AI-Linked Companies Experience $190 Billion Market Cap Decline Post Alphabet and Microsoft Earnings Reports In a late Tuesday development, AI-related companies witnessed a significant downturn, shedding a collective $190 billion in stock market value. This downturn came in the wake of quarterly results from major players like Microsoft, Alphabet, and Advanced Micro Devices, failing to … Read more
On January 23, 2024, Medi Assist Healthcare made a notable entry into the market, unveiling an 11% premium over its IPO price. The stock commenced trading at INR 460 on the NSE and INR 465 on the BSE, surpassing its issue price of INR 418. Leading up to the listing, the stock exhibited a similar … Read more
Railway stocks, including Ircon, IRFC, and RVNL, experienced significant gains of up to 13 percent on January 20, extending their remarkable performance ahead of the upcoming Interim Budget on February 1. With the anticipation of Narendra Modi’s potential return to power after the general elections, analysts foresee a continued emphasis on infrastructure-led growth and ‘Make … Read more
Amidst the financial tumult, the BSE Sensex witnessed a substantial descent, plummeting over 1,000 points on Wednesday, chiefly propelled by the downturn in HDFC Bank. Presently, the Sensex stands diminished by 1,044 points, settling at 72,084 points. HDFC Bank, grappling with a 6 percent decline after its financial disclosures, contributed significantly to the market’s downward … Read more