Page 6 - Abhinav Ranjan

Nifty IT sinks 2% to 3-year low; TCS, Infosys, HCL Tech, LTM hit 52-wk lows

As per data, the Nifty IT Index has corrected nearly 42 per cent from its all-time high of 46,089, recorded in December 2024, and is now trading close to its April 2023 lows.

Power sector: Antique picks NTPC, Adani Power, ACME Solar; here's why

Antique said that it prefers companies with exposure to firm power generation and transmission-linked opportunities. It has maintained a 'Buy' rating on NTPC, Adani Power, and ACME Solar.

Netweb Technologies tanks 10%; what's dragging this multibagger stock?

Analysts said that today's correction in Netweb Technologies appears to be driven by announcement that its board will consider a fund-raising proposal, raising concerns over potential equity dilution.

Radico, Allied Blenders: Jefferies initiates coverage on India's alcobev sector

Jefferies said that premiumisation is the most important structural trend, with consumers trading up from country liquor and lower-end IMFL to Prestige & Above (P&A) segments.

Astral falls 7% on chemicals business demerger announcement; time to buy?

Astral demerger: Notably, the company informed the exchanges that its board has approved a scheme to demerge its chemicals business into a separately listed company.

Tata Chemicals up 6% as RBI's NBFC rule brings Tata Sons listing in focus

Tata Chemicals share price today: Tata Chemicals holds a stake in Tata Sons, with investors anticipating that a potential listing of the holding company could lead to value unlocking.

Real estate demand moderating, says Anand Rathi; DLF, Oberoi better placed

Anand Rathi attributed the slowdown in the real estate sector to weaker hiring and salary growth, particularly in the IT sector, along with subdued capital market performance over the past two years.

Nifty Bank surges 2% as ICICI Bank, HDFC Bank lead; key triggers here

Ban stocks are in the spotlight today as the RBI allowed domestic lenders to extend loans to non-residents against foreign currency ​deposits, including via their offshore branches.

Morgan Stanley sees 20% upside in Adani Ent; rates 'Overweight'; here's why

Morgan Stanley initiated coverage on Adani Enterprises with an 'Overweight' rating. It has assigned a target price of ₹3,638 on the stock.

Nomura keeps 'Buy' on Anant Raj; lowers TP on cloud ramp-up, project delays

According to Nomura, the ramp-up of cloud capacity has been slower than expected as customer handovers and testing are taking longer than anticipated, thus delaying revenue contribution from newly ins

IRFC OFS opens: Navratna PSU stock cracks 5%; should you bid or avoid?

IRFC share price today: Rajesh Palviya of Axis Securities said investor sentiment around IRFC has been subdued for a long time, and today's decline was primarily driven by the OFS announcement.

Stock market fall explained: KOSPI crash, F&O expiry among key triggers

Among the sectoral indices, only Nifty Pharma settled in the green, up 0.92 per cent. The losses were led by Nifty Metal, which tumbled 3.2 per cent, followed by Nifty IT, down 1.2 per cent.

South Korea's KOSPI crashes 10% after record rally; key reasons

VK Vijayakumar has attributed the fall to a combination of factors, including sharp profit-taking, stretched valuations in AI and semiconductor-linked stocks, and elevated leverage in the system.

Nifty Pharma extends rally, up 2%; Piramal Pharma, Laurus gain up to 10%

Analysts said that a combination of defensive buying, strong earnings visibility, export tailwinds, and sector rotation is driving the rally in pharma stocks.

AMFI rejig: Vedanta's new stocks in focus; check potential entrants

According to Nuvama Alternative & Quantitative Research, based on current market caps, Vedanta Aluminium (₹184,222 Cr) will be classified as the large cap.

Delhivery at 52-wk high, up 7% on strong FY27 view; JM Fin sees 20% upside

JM Financial said Delhivery is well-positioned for strong growth in the near to medium term, supported by a favourable industry structure.

Garden Reach shares rise 5% on Navratna status; here's what analysts say

Garden Reach Shipbuilders & Engineers is a defence public sector undertaking, under the administrative control of Ministry of Defence.

Kirloskar Oil Engines shares zoom 20% to hit record high on HyperNext order

Kirloskar Oil Engines has announced a significant order from HyperNext, a next-generation digital infrastructure company focused on delivering hyperscale-ready, AI-enabled data centre solutions.

Redington share price gain 6%; up 25% in 7 days on Apple price hike buzz

Redington share price today: Redington is one of Apple's key distribution and supply chain partners in India. It distributes iPhones, iPads, MacBooks and other Apple products in the country.

Market crash: Sensex tanks 831pts intraday, Nifty below 23,950; key reasons

Market Crash Today: IT stocks fell up to 8 per cent after Accenture lowered its annual revenue growth forecast. The Nifty IT index crashed 6.4% to 26,634.50 -- its lowest level since April 21, 2023.