The geopolitical risks of the ongoing war between Hamas forces and Israel’s army engulfing the region have escalated with attacks on shipping vessels since November 19 by Yemeni Houthi forces in the Red Sea, the route to and from the Suez Canal which is the quickest way for goods to transit between Asia and Europe. […]
Stocks to watch: Fortis Healthcare, Bajaj Finance, Suzlon Energy, Siemens
Stocks in Focus: GIFT Nifty traded up 50 points or 0.25% at 19,767.5, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 soared 231.90 points or 1.19% to settle at 19,675.45, while the BSE Sensex jumped 742.06 points or 1.14% to 65,675.93. […]
Drone startup Garuda Aerospace plans for IPO in June-July
Chennai-based drone manufacturing start-up Garuda Aerospace is planning to raise a pre-IPO round by January and list its shares in the public market in June or July next year, the company said. “The infusion of substantial government investment into the agriculture sector has not only garnered national attention but has also piqued the interest of
JB Pharma’s Q2 results propel stock to 52-week high; Should you buy, hold or sell the stock?
JB Chemicals &Pharmaceuticals’ shares soared over 5% to hit a fresh 52-week high of Rs 1,536.25 a day after the company posted a 36% surge in profit after tax at Rs 151 crore in the second quarter of FY25 compared to Rs 111 crore in Q2FY23. The company’s revenue in the quarter under review stood […]
Jefferies Maintains ‘Buy’ Rating on PI Industries Despite Valuation Concerns, Cuts Target to Rs 4,120
Jefferies has maintained its ‘Buy’ recommendation on PI Industries, albeit with a revised target price of Rs 4,120 per share, citing valuation concerns. Despite the adjustment in the target price, Jefferies remains optimistic about the company’s prospects, underscoring key growth drivers and strategies outlined by the innovator. PI Industries, an i
Market to focus on macro data, global trends: Analysts
Global trends, macroeconomic data, and the outcome of the US Fed policy meeting are the major factors that will drive the movement in the domestic equity markets this week, analysts said.”In the upcoming data-centric week, the focus will be on crucial releases, including inflation data from India and the US. Indian inflation is expected to [&hellip
Retail onion prices to fall 30% by Jan: Official
Retail prices of onion are likely to fall below Rs 40/kg by January from the current average prices of Rs 57/kg due to improvement in domestic supplies following the ban on exports last week, consumer affairs secretary Rohit Kumar Singh said on Monday. “The spike in onion prices has been curbed through banning exports as […]
New record on BSE: Turnover hits new record at Rs 192 Lakh Crore
In a historic feat, the Bombay Stock Exchange (BSE) has set a new record with over 29 crore contracts traded, reaching a peak Open Interest (OI) of 65.7, and boasting a remarkable notional turnover exceeding ₹192 lakh crore. The achievement marks a significant milestone in the exchange’s history and underscores the robust participation and confiden
India confronts escalating student suicides: Need for education reform
By Neeraj Kumar Mental Health issues are widely prevalent in every sphere of one’s life and addressing the same in an effective and supportive way is the need of the hour. The focus should not remain only on corrective therapy and remedy but increasing efforts should be made in preventive care as well, especially targeting […]
Rupee jumps 27 paise to 83.03 against US dollar amid stocks rally
The rupee jumped by 29 paise to close at 83.01 (provisional) against the US dollar on Friday following unabated foreign fund inflows and a record-breaking rally in domestic stocks. Stock markets continued their record run with the benchmark BSE Sensex breaching the new milestone of 71,000. Heavy buying by foreign investors also boosted the rupee [&