In a separate order, on February 9, BHEL said it has received a Letter of Intent (LoI) from Rajasthan Part I Power Transmission Limited (SPV under Adani Energy Solutions) for the BF800 HVDC project
Stock Market Today, Feb 10: The stock markets will see a flurry of IPOs this week, including Ajax Engineering (Feb 10), Hexaware Technologies (Feb 12), & Quality Power Electrical Equipment (Feb 14)
Duggad says the benefits of the ₹1 trillion tax stimulus announced in the Union Budget will start to take effect from the first quarter (Q1) of 2025-26 (FY26)
Investors would track a host of macroeconomic data announcements scheduled this week, including inflation numbers, and also monitor global market trends, and trading activity of foreign institutional investors, analysts said. The ongoing quarterly earnings announcements and the rupee-dollar trend would also influence the markets. "This week is set to be dynamic for global and Indian markets, driven by key macroeconomic data releases and corporate earnings. Market sentiment will be shaped by inflation figures, industrial production data, and major earnings announcements," Master Trust Group Director Puneet Singhania said. On Wednesday, the US inflation data for January will be in focus. Later in the day, Fed Chair Jerome Powell's testimony will be closely watched for insights into interest rate expectations, Singhania said. "For India, inflation and industrial production data will be released on February 12," he said. On Thursday, the UK's GDP growth data will be released and on Fr
The RBI announced the formation of the working group, to be headed by R S Ratho
Markets Today Highlight: FMCG and PSU Bank shares bore the brunt of the selling on Friday after RBI, as expected, announced a 25 bps rate cut. Mid- and Small-cap indices finished on a mixed note.
In Q3FY25, ITC Hotels Ebitda margin expanded by 450 bps Y-o-Y driven by higher RevPAR or Revenue per Available Room, operating leverage and strategic cost management initiatives
Thus far in February 2025, the stock surged 15% after the company registered a 10.5% YoY growth in exports in January 2025 on the back of stable demand for its products in the overseas markets.
Akums Drugs reported a decline of 66 per cent year-on-year (Y-o-Y) to Rs 65.18 crore as compared to Rs 193.7 crore
State of government finances, concessions offered to tax-payers, and the commitment to progress on the fiscal glide path is eminently complemented by the monetary measures makes this policy different
The management has cut its revenue and margin guidance with revenue growth in FY25 now expected at 5 per cent (from 15 per cent) and margin expected at 9.25 per cent (from 9.5-10 per cent).
The management said the company experienced inflationary pressures in key commodities such as edible oil, potato, and besan, which impacted gross margin
State Bank of India (SBI), Bank of Baroda, Axis Bank, Punjab National Bank, Canara Bank and ICICI Bank from the Nifty Bank index were trading lower
Given the ongoing challenges in the Hi-Tech and TMT sectors ICICI Securities said they maintain a cautiously optimistic stance and said they monitor margin recovery in the coming quarters.
While Trent reported strong profit and revenue growth, several brokerages have slashed their target prices, citing slowing growth momentum and weak consumer sentiment
The Bank Nifty is expected to consolidate in the 50,000-50,600 range; a breakout in either direction will further set the next move for the index, says Hrishikesh Yedve of Asit C. Mehta.
Cipla share price: The short-term trend turned positive as Cipla stock price closed above its 5 and 11 day EMA
Analysts at Nuvama have a bullish view on Info Edge, raising their target price to Rs 9,100 from Rs 8,800, citing strong growth across the business and improved margins
M&M is expected to report strong performance for Q3FY25, driven by solid growth across its automotive and tractor segments
Markets Today Highlight: Broader markets also mirrored benchmarks, with Nifty Midcap100, and Nifty Smallcap100 ending down by 1.26 per cent and 0.30 per cent, respectively