Page 31 - Stock Market Rally

HDFC Bank's ADR premium shrinks to nearly zero as FPIs turn bearish

Analysts scale back earnings growth estimates for the private sector lender

Jyoti CNC makes decent debut; extends gains with 29% surge over issue price

Till 12:11 am, the stock touched a high of Rs 426 on the BSE

Tata Motors becomes 3rd Tata group firm to cross Rs 3-trillion market cap

A combined market cap of Tata Motors (Rs 273,985 crore) and Tata Motors DVR (Rs 27,940 crore) touched Rs 3.02 trillion in intra-day trades on Tuesday.

Medi Assist healthcare IPO subscribed 54% on first day of bidding

Medi Assist covers over 18,000 hospitals across 1,069 cities and 31 states and has 35 insurers as partners

Infosys, TCS rally up to 7% post Q3 results; brokerages remain optimistic

The silver lining of the performances of these companies during the quarter was the total contract value (TCV) signed, which continued to show a healthy momentum.

Sensex soars 850 pts, Nifty vaults 250 pts: What's behind Friday's rally?

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.

This PSU stock has zoomed 240% in 6 months; market cap nears Rs 1.5 trn

As many as a combined 92.89 million equity shares of IRFC changed in the first hour of trades on the NSE and BSE.

Kalyani Steels zooms 20% on winning bid for Kamineni Steel & Power assets

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.

Markets piggyback on Reliance Industries rally; Sensex rises 271 points

Shares of RIL rose 2.7 per cent to end at a new record of Rs 2,650, valuing the firm at Rs 17.93 trillion. The stock surpassed its previous record high of Rs 2,620 on July 20, 2023

Cochin Shipyard soars 8% on turning ex-split; up 148% in 6 months

The company had fixed January 10 as the Record Date for the proposed 2:1 stock split.

Stock of this company has zoomed 468% in 6 months; to consider split, bonus

The board of directors of Cupid is scheduled to meet on January 23, 2024, to consider and approve Q3 results, proposal of stock split, bonus issue and raising of funds.

Sula Vineyards hits new high; soars 30% in 2 days on healthy biz outlook

A combined 6.95 million equity shares representing 8 per cent of total equity of Sula had changed hands on the NSE and BSE till 10:09 AM.

Nestle India slips 2% on profit-booking; trades 1:10 ex-stock split

The stock had rallied 19 per cent since October 19, 2023, after the company announced a stock split.

Stock of this pharma company has nearly doubled against its issue price

Mankind hit record high of Rs 2,132.10, rallied 8% in intra-day trade and zoomed 97% against its issue price of Rs 1,080 per share.

Gail stock sees upward growth, owing to upcoming tariff hikes, new projects

Potential risks include volatile gas prices. Also as of now, petrochemicals spreads are still falling. But the stock, which hit a record high of Rs 164.25 in intra-day trade on Friday

Bonanza for IPOs in 2023, 55 of 59 stocks trading above issue price

Analysts attribute these gains in the newly listed stocks to buoyant secondary markets, the enthusiastic participation of retail investors in IPOs, and strong foreign portfolio investor flows (FPIs)

Benchmarks slip, but end 2023 with up to 20% gains; SmallCap index up 47%

Closing Bell on December 29, 2023: The BSE Sensex is ending calendar year 2023 with a solid gain of 18.8 per cent, and the Nifty50 with 20.1 per cent

HDFC Bank market cap hits Rs 13 trn mark; stock surges 10% so far in Dec

Analysts believe the worst seems to be over in terms of margin compression, and are optimistic over its future growth prospects.

The India story 2023: Market rally that was, and sometimes was not

Benchmark indices gained altitude, but not all new entrants were able to cash in

Bharat Forge riding high on its domestic business, stock price up 39.3%

The rally has been driven by investors' expectations of continued growth in Bharat Forge's bread-and-butter business of automotive forgings and a faster ramp-up of volumes in its newer segments