hdfc bank shares: HDFC Bank shares surge 3% post Q1 results. Should you buy, sell or hold?

HDFC Bank surged nearly 3% to Rs 1,650.7 in Monday’s trade on BSE after the country’s top private lender reported a standalone net profit of Rs 16,175 crore for the quarter ended June 30, 2024, which was up by 35% over Rs 11,952 crore reported by the bank in the year-ago period. However, it was … Read more

Momentum Pick: Will Zomato’s 21% returns over a month and technical breakouts trigger another leg of rally?

Zomato shares have rallied 21% since June 4, the day of election outcome, as against the 11% surge seen by the S&P BSE Sensex in this period, outperforming the latter by nearly twice. On Tuesday, the stock closed above previous week’s high, registering a weekly breakout. The stock is a momentum pick, say analysts who … Read more

TCS share price: Mcap of 8 of top-10 valued firms jumps Rs 3.28 lakh cr; TCS, HUL, Reliance lead winners

Eight of the 10 most valued domestic firms together added Rs 3.28 lakh crore to their market valuation last week, with blue-chips Tata Consultancy Services, Hindustan Unilever and Reliance Industries emerging as the biggest winners. In an eventful week, the BSE benchmark jumped 2,732.05 points or 3.69 per cent. The 30-share BSE Sensex jumped 1,720.8 … Read more

sanjiv bhasin stocks: Sanjiv Bhasin’s top stock picks post yesterday’s market bloodbath

“The excesses were created on Monday because of the exit poll getting it all wrong and people leveraging in PSUs and so on of defence. I always held the view that defence and railways were overpriced to 2027 level and PSU selective are very-very frothy,” says Sanjiv Bhasin, Director, IIFL Securities.Real slam dunk for the … Read more

RIL stock crash: RIL investors suffer Rs 1.67 lakh crore loss as stock crashes 10%

Rs 1.67 lakh crore was wiped off of Reliance Industries Ltd’s (RIL) investors as shares of the company tumbled 9.6% on BSE today as poll counting estimates showed that Prime Minister Narendra Modi-led NDA alliance was not likely to score as much as exit polls had predicted in the 2024 Lok Sabha elections. Shares of … Read more

defence stocks: Defence stocks fall up to 11% in early trade session amid tight election race

Shares of defence stocks crashed 11% on BSE today as early counting trends showed that the ruling NDA may get lower than expected seats in the Lok Sabha elections. Shares of Mazagon Dock fell a little over 11% to day’s low of Rs 2,898.25 while Bharat Dynamics and BEL shares fell by 9.8% to their … Read more

Awfis IPO: Awfis Space IPO subscribed 108.56 times

The initial public offering of Awfis Space Solutions closed on Monday, with bids exceeding more than 108 times the shares the office sharing company has put up for sale. According to data from the BSE, the public issue received bids for more than 936.8 million shares against the 8.62 million shares on offer. The category … Read more

LIC Q4: LIC Q4 net profit up 2.5%, declares Rs 6/share dividend

Mumbai: Life Insurance Corp. of India (LIC), the country’s biggest insurer, reported a 2.5% increase in net profit to ₹13,762 crore for the March quarter, with wage increases accounted for in the period preventing further expansion in the bottom line. The insurer reported profit of ₹13,421 crore in the same period last year. The solvency … Read more

cochin shipyard shares: Cochin Shipyard shares surge 10%, hit record high post Q4 results

Shares of state-run Cochin Shipyard surged 10% to hit a new record high of Rs 2100 in Monday’s trade on BSE after the company reported multi-fold growth in its consolidated net profit to Rs 258.88 crore for the March 2024 quarter on account of higher income. It had clocked Rs 39.33 crore profit in the … Read more

NSE: War of small ticks: NSE to launch 1 paisa spread for stocks below Rs 250

Mumbai: The competition between India’s two major stock exchanges, the National Stock Exchange (NSE) and BSE, for market share continues to intensify. The NSE will introduce a 1 paisa tick size for all stocks below ₹250 starting June 10. Tick size is the incremental price at which a stock can trade. The 1 paisa tick … Read more