The fall in the stock price came on the back of weak earnings in the June quarter of financial year 2025 (Q1FY25).
The Nifty-50 is expected to deliver 12% earnings growth in FY25 over a high base of FY24 (+26 per cent Y-o-Y), said Khemka.
Valuations are reasonable and the outlook is improving in IT, BFSI and FMCG. Defence, engineering and power are clearly overpriced and some profits can be taken, Nischal Maheshwari of Centrum said
The uptick in stock price came after the company announced that it has secured a 'significant' order from JNK Global.
At 6:40 AM, GIFT Nifty futures traded steady at 24,620, indicating a subdued start for the markets.
The surge in the share price came after the company announced a strong set of June quarter earnings (Q1FY25)
The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,72,225.62 crore last week, with IT bellwether Tata Consultancy Services (TCS) stealing the show, amid a rally in equities. Last week, the BSE benchmark jumped 522.74 points, or 0.65 per cent. The 30-share BSE Sensex jumped 622 points, or 0.78 per cent, to settle at a record closing level of 80,519.34 on Friday. During the day, it zoomed 996.17 points, or 1.24 per cent, to hit an all-time high of 80,893.51. The market capitalisation (mcap) of TCS surged Rs 62,393.92 crore to Rs 15,14,133.45 crore. Shares of TCS on Friday surged nearly 7 per cent after the country's largest IT services player reported an 8.7 per cent growth in the June quarter net profit at Rs 12,040 crore. ITC added Rs 31,858.83 crore taking its valuation to Rs 5,73,258.78 crore. The mcap of Infosys zoomed Rs 26,905.14 crore to Rs 7,10,827.27 crore and that of Life Insurance Corporation of India (LIC) jumped Rs 22,422.12 crore to Rs
The stock rose after the company announced that it has bagged an order worth Rs 514.55 crore
The uptick in the stock price came after the company announced that it has secured an order worth Rs 316.83 crore on Thursday post-market hours
Stock Market Highlights on Thursday, July 11, 2024: The BSE Sensex ended at session 27 points lower at 79,897, while the Nifty50 closed at 24,316, down 8.5 points
Markets fluctuated sharply within a range and ended up losing nearly half a percent, wiping out the gains from Tuesday's session
The upward movement in the stock came after RateGain announced that it has been selected for a multi-year partnership by Malaysia Airlines Berhad (Malaysia Airlines)
The uptick in stock price came after BGR Energy announced that it plans to raise up to Rs 1,000 crore via rights issue of equity shares
The rally in the stock price came after the company announced that it has secured an order worth Rs 572 crore from the Airport Authority of India (AAI)
Analysts at Nuvama Institutional Equities are optimistic about the revenue prospects of these "new age" internet companies
The company said the funds will be utilised by IWL to completely pare down its external term debt to achieve a net debt free status.
The 30-share Sensex hit the historic 80,000-mark for the first time earlier in the day. It surged 632.85 points, or 0.79 per cent, to hit a record intra-day high of 80,074.30
The fall in the share price came on the back of weak June sales numbers. Force Motors' total sales slipped 2.9 per cent to 2,553 units
Shares of Solar Industries India hit a new high of Rs 11,186.20, as they rallied 11 per cent on the BSE in Tuesday's intra-day trade on healthy business outlook.
The uptick in share price came after the company announced that it has completed the installation of a 35 MW DC capacity solar plant worth Rs 138 crore at Maharashtra