The board has recommended a buyback of equity shares not exceeding Rs 75 crore at an indicative maximum buyback price not exceeding Rs 1,150 per equity share.
Stocks to Watch Today: Bandhan Bank, BoB, Eicher Motors, Escorts, REC, SBI, Tech Mahindra and UCO Bank are likely to be in focus ahead of Q4 results; Delhivery and Venus Pipes IPOs close on Friday.
The technical analyst from HDFC Securities reommends buying Federal Bank 85 Put with a stop loss at Re 1.
After two bad summers, the consumer durable sector is seeing signs of recovery this year. But the soaring inflation can cap the overall demand. Find out if you should bet on consumer durable stocks
This could aid overall profitability, even though other segments may see margin moderation
Nifty down 7.6% in May; over Rs 26-trillion market cap eroded
Of the 12 that have risen, only one has provided double-digit gains
Volatility will remain because of tightening liquidity, uncertainty on earnings growth, say market experts
Over the next 12 months, Morgan Stanley forecasts range-bound markets for equities, credit, yields, and the US dollar
In a Q&A, Prateek Agrawal, who is also the firm's CIO, says given the strength in overall earnings as seen in FY24 EPS outlook, the direction of the market is likely to be positive
By Ashitha Shivaprasad
By Bozorgmehr Sharafedin
Markets have been falling for five straight sessions and the BSE benchmark has tumbled 2,771.92 points, or 4.97%, during this period
Shares of Punjab National Bank (PNB) on Thursday tumbled nearly 14 per cent after the company reported over 60 per cent decline in standalone net profit for the quarter ended March 2022
US inflation data, possibility of aggressive rate hikes, record low rupee, and intense selloff by foreign portfolio investors are among the key factors that thumped stocks lower
CLOSING BELL :: The S&P BSE Sensex opened gap-down and sunk 1,386 points intra-day to hit a low of 52,702 levels
The management remained cautious over profitability of cement companies in the near future as it does not anticipate any relief in cost pressure.
Among the losing pack, Solara Active Pharma Sciences has slumped 75 per cent, while Aarti Drugs, MCX India and Tata Communications are other major laggards
Foreign portfolio investors' (FPIs) holding in Paytm has declined by 4.94 percentage points to 4.42 per cent in March 2022 quarter.