Going ahead, analysts see more pain in the offing for broader markets as stocks command extremely rich valuations, limiting upside in the near-term
The surge came after the company secured an order worth Rs 547 crore from Rail Vikas Nigam Limited (RVNL)
Novelis Inc, Hindalco Industries' US subsidiary, postponed its initial public offering (IPO) for the time being due to market conditions, the company said in an exchange filing today
Stock Market LIVE on June 04: As of 11:30 AM, Narendra Modi-led BJP was seen leading in 237 seats, and Congress was seen with 98 seats, as per Election Commission of India
Stock market highlights on Friday, May 24: Among sectors, the Nifty Bank, and Private Bank indices added 0.4 per cent each
Other major holdings in his portfolio encompass ITC (down 3%), VIP Industries (down 7%), Infosys (down 1.5%), Grindwell Norton (down 3.5%), Cummins India (down 13%)
The sharp drop was primarily driven by uncertainty surrounding the outcome of the Lok Sabha 2024 election results
Sensex, Nifty on June 3: Exit polls released after the last phase of voting on June 1, 2024, unanimously predicted the clear majority for the ruling Bharatiya Janata Party
India VIX on June 3: The decline in Indian markets' volatility index came after exit polls, which came in the evening on June 1, 2024, gave a clear majority to the BJP-led NDA alliance
After peaking near the Rs 153 mark on May 22, 2024, SJVN experienced a significant downturn, with a decline of approximately 22 points, equating to roughly 14-15 per cent
Valuations in most parts of the Indian stock market, analysts said, are expensive with the extent of overvaluation increasing in inverse order of market-cap, quality, and risk
Stock Market Highlights on May 31: Sensex, and Nifty indices closed up to 0.19 per cent higher ahead of exit polls, Q4FY24 GDP data
At the operating front, earnings before interest taxes, depreciation and amortisation (Ebitda), zoomed 79.2 per cent on a Y-o-Y basis to Rs 75.6 crore in Q4FY24, from Rs 42.2 crore in Q4FY23
Praj Industries profit rose 4.3 per cent year-on-year (Y-o-Y) to Rs 91.9 crore in Q4FY24, from Rs 88 crore in the same quarter last year (Q4FY23)
The company's revenue (topline) grew 9.6 per cent to Rs 4,461.2 crore in the March quarter of FY24, from Rs 4,070.2 crore in the March quarter of FY23
Stock Market Highlights on May 30: In the broader markets, the BSE MidCap, and SmallCap indices fell over 1 per cent each
MTNL's net loss widened to Rs 783.7 crore on a year-on-year (Y-o-Y) basis, from a net loss of Rs 748.6 crore in the fourth quarter of financial year 2023 (Q4FY23)
Muthoot Finance has been in a steady uptrend for over 10 months, consistently forming higher highs and lows with a gradual increase in volumes
Since April 2024, Metro Brands has been trading within a consolidation range of approximately Rs 1,020 to Rs 1,120
Stock Market Highlights on May 29, 2024: In the broader markets, the BSE SmallCap index was the only outperformer, rising 0.23 per cent