Page 3 - Markets News

ION Exchange zooms 17%, up 51% from 52-week low; check what's driving gains

The upward movement in the company's share price came after it announced that it had secured an order worth $52.83 million, or approximately ₹503 crore, from Hyundai Engineering & Construction Co

MRPL shares jump 9% as ONGC approves strategic oil reserve in Mangaluru

ONGC has approved an expansion of the country's strategic oil reserves, highlighting a push to strengthen energy resilience following the shock of the Iran war.

Nifty PSU Bank soars 4%, Indian Bank up 10% post Q1 nos; analysts upbeat

PSU Bank index logged its sharpest intra-day gain in three months on Friday. Analysts expect PSU Banks to outdo private peers on earnings front on improvement in asset quality and high credit growth.

Apollo Micro jumps 5% on agreement to buy 41.3% stake in Premier Explosives

Apollo Micro shares gained 5 per cent after approval was granted to the company to acquire 41.3 per cent stake in Premier Explosives.

Rekha Jhunjhunwala portfolio stock: VA Tech Wabag zooms 117% from Jan low

In the past one month, VA Tech Wabag has outperformed the market by surging 44 per cent, as compared to 4.2 per cent rise in the Nifty 50.

Valuation verdict: How does SBI Funds Management IPO fare against peers?

SBI Funds Management's IPO price band of ₹545 to ₹574 implies a price-to-earnings (P/E) multiple of 36 to 38 times FY26 earnings, based on an earnings per share (EPS) of ₹15.08

Silver price outlook: Rate hike risks could limit upside, says Mirae Asset

Silver is expected to be highly volatile and choppy in the short run due to the evolving situation in West Asia. However, as West Asia conflict is likely to remain contained, traders may buy the dips.

Adani group stocks jump up to 7%; rub-off effect after Helios' move?

Shares of Adani group companies rallied up to 7% in intraday deals today after Samir Arora's Helios Capital picked up stake in the flagship Adani Enterprises.

Gold recovers as oil retreats; key hurdle stands at $4,200

Gold prices are expected to remain volatile and choppy amid uncertainty over situation in the Middle East, may trade in the range of $4,000-$4,200 for now.

Nifty Midcap, Smallcap indices hit 52-week highs; what's driving the rally?

Zensar Technologies, CDSL, Bandhan Bank and MRPL from the Nifty Smallcap 100 index rallied between 5% and 12% in Friday's intra-day trade.

NALCO, Hindalco rally up to 4% as aluminium prices rebound

The Nifty Metal index surged 2.5% led by Hindalco, NALCO and Hindustan Copper as aluminium prices rose over 5% from recent lows in July.

Mukul Agrawal-owned Lux Industries zooms 10% on Reebok licensing agreement

Lux Industries has entered into an agreement with RILUK IPCO for the purpose of designing, manufacturing and selling selling men and women innerwear and thermal wear products in India.

Vedanta Aluminium stock up 3%, Motilal Oswal initiates coverage with 'Buy'

Motilal Oswal Financial Services initiated coverage on Vedanta Aluminium with a 'Buy' rating and a target price of ₹540.

Paytm rallies 5%, fintech stock price nears 52-week high; here's why

Analysts at JM Financial Institutional Securities expect Paytm to report healthy Q1FY27 performance, led by strength in their respective core businesses.

Nifty IT index gains 3.5% on Friday as TCS jumps 4% post Q1FY27 results

At 09:38 AM on Friday, the Nifty IT index was the top gainer among sectoral indices, up 1.8 per cent, as compared to a 1 per cent rise in the Nifty 50.

TCS stock can rally up to 20% to ₹2,500 levels: Tech analyst

Technical analyst at Mirae Asset Sharekhan believes that the short-term trend for TCS seems 'Neutral', but 'Bullish' from the medium-term perspective; hence expects an upside towad ₹2,500 levels.

Final hours! Kusumgar IPO ends today; check latest subscritpion, GMP trends

Kusumgar IPO: Check price band, lot size, latest GMP, subscription data, reviews, allotmnet date, listing date, and other key details

Investors cheer TCS Q1 results as stock jumps 4%; analysts bet on deal wins

TCS reported a 4.61 per cent Y-o-Y increase in its net profit to ₹13,349 crore for Q1 FY27. Its revenue jumped by 13.9 per cent Y-o-Y to ₹72,275 crore.

Dr Reddy's drops 4% on semaglutide setback; should investors buy the dip?

The company said certain batches of semaglutide were found to be out of specification due to issues associated with the API used in the product

Asian stocks climb as AI rally outweighs US-Iran conflict concerns

The renewed ​back-and-forth attacks have further eroded the fragile 3-week-old ceasefire, bringing the spotlight back on oil prices ​and what it could mean for inflation and the global rates outlook