The shares of Rural Electrification Corporation (REC) surged by 3% to day’s high of Rs 563.25 on BSE after signing a non-binding Memorandum of Understandings (MoUs) of Rs 1.12 lakh crore over a period of five years. REC signed these MoUs with RE developers at the RE-INVEST 2024 event. These MoUs cover projects based on … Read more
Junior Nifty or the Nifty Next 50 has outperformed its smallcap and midcap index peers delivering 67% returns over one year, led by a solid performance across the board with seven multibaggers and 39 other stocks giving double-digit returns. Meanwhile, Nifty Smallcap 100 and Nifty Midcap 100, which are among the most tracked broader market … Read more
“So, while we do like the space in terms of valuations and the fact that most of the banks are very well capitalised, asset quality is under control, the market in the current stage is looking out for companies with a lot of growth potential and excitement,” says Hemang Jani, Independent Market Expert.I wanted to … Read more
Equity markets closed last week on a strong note, reversing the losses due to Budget negativity. In today’s trade, shares of ICICI Bank, Adani Wilmar, ACC, Dr Reddy’s, IndiGo, IndusInd Bank among others will be in focus due to news developments and first quarter results. Adani Total Gas, HPCL, Adani Wilmar, ACCShares of Adani Total … Read more
The state-owned company REC Ltd on Saturday declared an interim dividend of Rs 3.50 per share for the financial year 2024-25 along with its results for the quarter ended June 30, 2024. “Declaration of interim dividend @ Rs 3.50/ – (Rupees Three and Paise Fifty only) per equity share of Rs 10 each for the … Read more
Indian Railway Finance Corporation Share Price 217.43 04:04 PM | 12 Jul 2024 11.46(5.56%) One97 Communications Share Price 465.95 04:04 PM | 12 Jul 2024 -14.31(-2.98%) YES Bank Share Price 25.6 03:59 PM | 12 Jul 2024 -0.23(-0.9%) ITC Share Price 459.05 04:04 PM | 12 Jul 2024 0.41(0.09%) HDFC Bank Share Price 1622.7 04:04 … Read more
Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP, says the market might be held up and we might just have a push higher toward the Budget. Two of the big sectors like IT and banking have seen a strong run in the very short run. Other sectors like FMCG are probably helping to … Read more
India Inc had a strong end to the last fiscal year 2023-24 with profitability in the fourth quarter beating most analysts’ estimates. Sectors such as autos, industrials and PSU banks posted a strong quarter, whereas earnings of consumers and exporters were weak. ETMarkets analysed the results of BSE500 companies in FY24 and found that about … Read more
PSU stocks Cochin Shipyard and Bharat Dynamics witnessed a sharp fall by 10% to Rs 1,630.55 and Rs 1,293.35 respectively as the BSE PSU index fell by 4% soon after markets opened on Wednesday following the disappointing Lok Sabha election results. The index ended nearly 16% lower on Tuesday as the Narendra Modi-led BJP failed … Read more
Shares of companies such as PFC, REC Ltd and Adani Ports suffered the worst hit in today’s market mayhem which witnessed a massive selloff on the back of a poor showing by the Narendra Modi led NDA in the Lok Sabha elections, results for which were trickling in early in the day. PFC and REC … Read more
