The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
Closing Bell on January 15, 2024: Shares of Wipro surged 14 per cent intraday, before closing 6 per cent higher, as the company beat profit estimates in its third quarter results (Q3FY24)
Closing Bell on Friday, January 12: Infosys jumped 8 per cent on the benchmark indices as new deal wins accounted for 71 per cent of total deals in Q3FY24. TCS, too, surged 4 per cent
The Sensex hit a record high at 72,721, while the Nifty registered a new peak at 21,928 in trades on Friday led by frenzied buying in IT shares.
At 02:35 PM; Nifty PSU Bank index, the top gainer among sectoral indices, was up 3 per cent as compared to a 1.2 per cent rise in the Nifty 50
For the first half (April to September) of the financial year 2023-24 (H1FY24), Nazara had reported 13 per cent year-on-year (YoY) growth revenue at Rs 551.7 crore
Stocks to Watch on January 12, 2024: Crude oil jumped 2 per cent to $79 after the US and UK striked Houthi targets in Yemen in response to the Red Sea attacks
Closing Bell on Thursday, January 11: Shares of Reliance Industries rose over 2 per cent for a second straight day, followed by Axis Bank, Ultratech Cement, Tata Motors, Power Grid
Shares of Hero MotoCorp have soared 18 per cent in the past one month
Kalyani Steels was declared as successful bidder for acquisition of assets of Kamineni Steel & Power India Private Limited (In Liquidation) for a cash consideration of Rs 450 crore.
Polycab India, on its part, denied any rumours of tax evasion by the company
Stock market highlights on January 10: The S&P BSE Sensex closed 271 points higher at 71,656, as it recovered from the day's low of 71,111. The NSE Nifty 50 climbed 74 points to end at 21,619
Closing Bell on Tuesday, January 09: Among sectors, the Nifty Media index crashed the most, falling 3.4 per cent, amid a slide in ZEEL shares (down 8%), Dish TV (5%), and Hathway (3%)
Stocks to Watch on January 9, 2024: Sony Group Corp is planning to call off the merger pact of its India unit with Zee Entertainment, reported Bloomberg
Closing Bell on Monday, January 08: The broader markets, too, felt the pain with the BSE MidCap and SmallCap indices dipping 0.87 per cent and 0.36 per cent, respectively
The management expects the company continue to benefit from its diversified product and customer mix and expects a strong second half driven by the festive season and pick-up in rural demand.
Godrej Consumer Products slipped 6 per cent to Rs 1,149 as the company expects mid-single digit volume growth on a consolidated basis in Q3.
Closing Bell on January 5, 2024: In the broader markets, the BSE MidCap index added 0.19 per cent, while the BSE SmallCap index gained 0.61 per cent
Till 02:58 PM, a combined 86.57 million equity shares had changed hands, and there were pending buy orders for a combined 23.56 million shares on the NSE and BSE
The company said it is, now, targeting over 400 MMT of cargo volumes in FY24, surpassing the upper end of the guidance range (370-390 MMT) provided at the start of the current financial year
In the past six months, ONGC has outperformed the market by surging 32 per cent as compared to 10 per cent rise in the S&P BSE Sensex