Markets / Business Today
Tata Motors said it remains cautiously optimistic on domestic demand over the full year and expects H1 to be relatively weaker.
The initial public offering (IPO) of Aadhar Housing Finance saw a decent response from the investors during the second day of the bidding process.
Bank of Baroda shares slipped 5.36% to Rs 248.55 on BSE. Market cap of the lender fell to Rs 1.30 lakh crore.
The New Delhi-based TBO Tek is selling its shares in the price band of Rs 875-920 apiece. Investors can apply for a minimum of 16 shares and its multiples thereafter.
Clearing corporations should provide a mechanism for trading member(TM)/clearing member (CM) to identify the unpaid securities and funded stocks under the margin trading facility.
Vodafone Idea Q4 earnings: Emkay Global said Vi would add 10 lakh 4G subscribers against 9 lakh additions in Q3FY24. ARPU is set to rise 1.1 per cent QoQ to Rs 147, led by increased prices of entry-level plans
Multibagger stock: Patel Engineering shares, which ended at Rs 12.45 on May 7, 2021 was trading at Rs 55 mark in the current session on BSE.
In Q1, 2024, the share of homes priced above Rs 1.5 crore surged to 25% of overall home supply in top seven markets, data from Anarock shows.
Shares of Paytm have remained a laggard on Dalal Street as the Fintech platform has tumbled about 69 per cent from its 52-week high at Rs 998.30 hit in October 2023.
Congress governments free bus rides for women impact sees change in ridership mix.
Intellect Design share price: The stock slumped 15.52 per cent to hit a day low of Rs 864.35 over its previous close of Rs 1,023.15.
RVNL share price: The stock today slipped 3.39 per cent to hit a low value of Rs 252. At this price, it has slipped 6.67 per cent in just two straight sessions and 27.08 per cent from its all-time high price of Rs 345.60.
Air India Express cabin crew crisis: Cabin crew members have gradually reported for duty after a strike that led to multiple cancellations was called off.
Tata Power shares clocked a series of record highs in December 2023, clocking gain of 24% during the month. The stellar gains in December are reflected in the six-month return of 64.14% generated by the Tata Group stock.
Banks will be closed in some cities, they will remain open in others. For instance, today i.e. on Akshaya Tritiya, banks will operate as usual in Delhi,Mumbai, Kolkata, and Chennai but will be closed in Bengaluru.
Polycab continues to garner market share due to its aggressive marketing, a wide product portfolio and quick availability of products, the domestic brokerage said.
SRF posted a 24 per cent year-on-year decline in consolidated net profit at Rs 422 crore for the March 2024 quarter, hurt by sustained weak demand in its mainstay chemicals business.
Over the next few weeks, as the elections results come nearby, domestic benchmarks may give a decent buying opportunity, Mayuresh Joshi told Business Today TV.
SBI share price target: YES Securities maintained Buy rating on SBI with a revised price target of Rs 1,000. While capital ratios remain lower than peers, the SBI management has reiterated headroom for growth, it said.
Multibagger stock: Zen Technologies shares, which ended at Rs 73.25 on May 7, 2021 , were trading at Rs 917 in the current session on BSE.
Go First crisis: The government had temporarily allocated the flying rights of Go First in the Winter Schedule for 2023 and Summer Schedule for 2024, and these allocations are likely to be made permanent by the end of the month.
PNB shares are up 61 per cent in the past six months. Nirmal Bang Institutional Equities and Kotak Institutional Equities maintained 'Sell' rating on the stock, citing a recent sharp rally .
Tata Steel shares ended 2.44% lower at Rs 162 on Thursday. Market cap of the firm fell to Rs 2.02 lakh crore.
Paytm, whose shares are down 63 per cent in the last six months, said it acts as a distributor of loans and does not provide a First Loss Default Guarantee (FLDG) or other loan guarantees to lending partners.
Tata Motors, ABB India, Bank of Baroda, Eicher Motors, Cipla, Union Bank of India, Polycab India, Bank of India and others will announce their quarterly results later today.
Quess Corp Q4 earnings: Revenue stood at Rs 4910 crore rising 11% year-on-year. Profit after tax (PAT) zoomed 226% year-on-year to Rs 98 crore.
Indian cricketer Virat Kohli and his actress wife Anushka Sharma are likely to mint multibagger returns from their investment in Go Digit General Investment made about four years ago.
Indian sovereign bonds have seen about $8 billion of inflows into the Fully Accessible Route securities since the JPMorgan announcement, though there were some outflows in April amid a global debt selloff
Coal India Ltd Stock Price Live: The Coal India Ltd has been in focus today amid company-specific news and/or recent price action on the counter. Coal India Ltd shares settled the previous traded session at 443.50, down 4.51%. The stock has traded in a wide range of 487.60 and 223.25 in the last one year. At last count, the Coal India Ltd sector company commanded a market capitalisation of 2.73 Lakh Crore. Heres a deep dive Coal India Ltd stock performance, peer returns, historical details, & ot
Tata Motors Q4 earnings: Led by healthy operating performance, YES Securities expects Tata Motors to report 29.60 per cent year-on-year (YoY) jump in net profit at Rs 7,551.90 crore on 10.2 per cent YoY rise in sales at Rs 1,16,713 crore.
Swan Energy share price: Shares of Swan Energy fell 4.86 per cent to settle at Rs 538.35. The stock has slipped 18.29 per cent in the past one month.
Vakrangee Q4 earnings: Profit rose to Rs 2.19 crore in Q4 FY2023-24 against Rs 0.68 crore on a YoY basis. EBITDA climbed 49.3% to Rs 8.32 crore in Q4 FY2023-24, on a YoY basis.
After Vistara, Air India Express is facing turbulence, with staff reporting sick, leading to the cancellation of around 85 flights.
Experts say there are pockets of overvaluation, and that profits can be secured in cases where earnings visibility is uncertain
Paytm share price: The stock fell 2.35 per cent in early trade to hit a record low of Rs 310. It later rebounded 7.52 per cent from its all-time low level to settle at Rs 333.30. On a closing basis, the counter's uptick was of 5 per cent today.
Sensex, Nifty crash: The sell-off by foreign investors intensified on May 8 (Wednesday) with sale of equities worth Rs 669.10 crore. DIIs were not too far behind with buying of securities worth Rs 5,929 crore in the cash market.
A further worsening of voter turnout in the following election phases could have a bearing on election outcome and equities so one would keep a close watch, PhillipCapital said earlier today.
The initial public offering (IPO) of Aadhar Housing Finance saw a decent response from the investors during the second day of the bidding process.
The New Delhi-based TBO Tek is selling its shares in the price band of Rs 875-920 apiece. Investors can apply for a minimum of 16 shares and its multiples thereafter.
Domestic equity markets have seen a decent correction in the last few sessions with BSE Sensex hovering around 72,600 levels after hitting highs of 75,125.
SBI Q4 results: The lender's interest earned grew 19.46 per cent to Rs 1.11 lakh crore during the quarter under review.
Asian Paints stock fell 3.10% to Rs 2756 in the current session on BSE. The stock also hit a fresh 52 week low of Rs 2722.30 post Q4 earnings.
It aims to serve 25,000+ patients every year through care centres and home care as it expects market for recuperative care to double
Adani Power share price: The stock surged 7.37 per cent to hit a day high of Rs 622. At this price, the scrip was down 3.86 per cent from its one-year high value of Rs 647, a level seen last month on April 4.
This is Five-Star Business Finance, which recently posted a 39% rise in net profit at Rs 835.92 crore for the year ended March 31, 2024.
PhillipCapital said the turnout in the first three phases has been a tad lower and while this could affect the outcome for a few constituencies, it is unlikely to majorly dent the widely expected outcome of BJP returning to power.
According to Pranav Haldea, MD of PRIME Database Group, while the increase in profits did increase the amount required to be spent, these companies had already been spending more than what was required
Jio Financial share price: The stock today fell 1.76 per cent to hit a day low of Rs 349. At this price, it has declined 11.58 per cent from its record high level of Rs 394.70, a level seen last month on April 23.
Market crash: Sensex tanked 600 pts to 72,866 with capital goods and oil & gas stocks leading losses. Nifty too slipped 180 pts to 22,122, reflecting weak investor sentiment on Dalal Street.
Tata Power stock price today: Tata Power shares fell 3.65 per cent to hit a low of Rs 419.55 on BSE. With this, the stock is down 10 per cent from its record high of Rs 464.30 hit on May 3.