Page 17 - Stock Movemnet

Kaynes Tech rallies 8% on govt approval for semiconductor unit in Gujarat

The proposed unit, with a production capacity of six million chips per day, will be setup with an investment of Rs 3,300 crore.

Bajaj Auto m-cap nears Rs 3 trn; what drove the stock to record high today?

Thus far in the calendar year 2024, Bajaj Auto has outperformed the market by surging 50 per cent, as against 12 per cent rise in the BSE Sensex.

Wanbury jumps 4% after firm gets zero form 483 observations from USFDA

Shares of pharma company Wanbury climbed nearly 4 per cent on Friday after the company received an EIR with zero form 483 observations, from the USFDA

Adani Power shares fall 3% amid report of stake sale by Promoter group

Adani Power block deal news: Fall in stock price follows news that promoters of the company may offload a 5 per cent stake via a block deal,

Wonder Electricals share price climb 7% after announcing 1:10 stock split

Shares of integrated fan manufacturing services provider Wonder Electricals have gained nearly 350% in the six months.

Triveni Turbines stock zooms over 6% after strong Q1FY25 results

This upward move followed the company's report of a 31.9 per cent rise in profit after tax (PAT) on a year-on-year (YoY) basis for the first quarter of the financial year 2024-25 (Q1FY25)

What's moving the Sensex on Tuesday? NTPC, Power Grid, TCS, ICICI Bank

NTPC, Power Grid contributed over 100 points to the BES Sensex so far; while, heavyweights HDFC Bank, Reliance and ICICI Bank were the chief laggards.

Apple hits record high after Morgan Stanley calls stock 'top pick'

Apple's shares, which have jumped nearly 20 per cent this year, rose to $236.30, giving the company a market value of $3.62 trillion, the highest in the world

Stock Market Highlights, July 4: Sensex, Nifty end flat; HDFC Bank falls 2%, Tata Motors rises 3%

Stock market Highlights today, Thursday, July 04: The broader markets, however, outperformed the benchmarks with the BSE MidCap and SmallCap indices closing 0.6 per cent higher each

Stock market volatility: It is a good time to rebalance equity portfolio

Equities offer the best potential for wealth building over the long term. Investors need to invest time and effort in acquiring skills to improve their stock selection, timing, money management skill

Brush with competition could hurt paint maker Kansai Nerolac's margins

Company's Q4 revenue was below estimates; its costs to maintain market share have increased

Global stocks, RIL, Gift Nifty: All you need to know before mkt opens today

Stock market preview Tuesday April 23: Gift Nifty hints at gap-up open after US market ended on a strong note. RIL, Tata Consumer, Tata Elxsi, MCX and M&M Finance in focus today.

Pakistan set to repay $1 bn against Eurobond to reduce stock of debt

Pakistan is set to repay a foreign debt worth USD 1 billion against a 10-year Eurobond maturing in the middle of this month which will reduce the stock of the debt acquired through the selling of bonds in international markets to below USD 7 billion. The State Bank of Pakistan (SBP) told The Express Tribune that it was ready to repay the bond anytime and was waiting to receive instructions to do so from the finance ministry. The move will reduce the stock of the debt acquired through selling Eurobonds and Sukuks (bond-like instruments used in Islamic finance) in international markets to below USD 7 billion. This has enhanced the country's capacity to repay all the upcoming maturing foreign debt on time. Following the repayment of USD 1 billion in April, Pakistan's foreign exchange reserves will experience a decline. However, the anticipated International Monetary Fund (IMF) tranche of USD 1.1 billion, likely to be received by the end of April, is expected to restore the reserves ba

Stock markets to track global cues, macro data in holiday-shortened week

Global trends, macroeconomic data announcements and the start of the earnings season would be the major drivers for the equity markets in a holiday-shortened week, analysts said. Equity markets will remain closed on Thursday for Eid-Ul-Fitr. Trading activity of foreign investors, rupee-dollar trends and crude oil prices would also guide trends in markets. "Indian companies are set to enter a new corporate earnings Q4 season this week. Leading the pack is IT services giant TCS, set to kick off the earnings season for the quarter ending March 2024. "Its results for the fourth quarter of FY24 will be announced on April 12, 2024, after market trading hours. Apart from that India's industrial production data will also be announced on 12th April 2024. On the same day, inflation for March will be declared," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Investors will closely monitor the movement of the rupee against the dollar, crude oil prices, and investment activities

KEC International soars 9%; hits new high on winning Rs 816 cr new orders

With these new orders, the company's total order intake for FY24 rose to Rs 18,102 crore.

Sensex snaps 2-day losing run, gains 305 pts; broader indices in red

Stock market highlights on Tuesday, February 27: The Nifty50 shut shop 76 points higher at 22,198

Growth worries may keep Bharat Forge under pressure; earning estimate cut

Brokerages have cut their earnings estimates by up to 11 per cent, given the slowdown in multiple segments

Canara Bank considering stock split on Feb 26 to boost stock's liquidity

Canara Bank on Wednesday said it is planning split of the equity shares of the state-owned bank to boost the stock's liquidity. The decision in this regard will be taken by the bank's Board of Directors in a meeting, which is scheduled on February 26, Canara Bank said in a regulatory filing. The meeting's agenda is "to seek in principle approval from the board of directors for sub-division/split of the equity shares of the bank, subject to prior approval of Reserve Bank of India (RBI) and other statutory/regulatory/Government of India approvals, as may be required," it said. Shares of the bank were trading 4.16 per cent higher at Rs 542.95 per unit on the BSE.

China markets regulator to protect small investors as stocks hit 5 yr lows

Chinese shares gyrated on Monday, sinking to 5-year lows, after stock market regulators sought to reassure jittery investors with a promise to crack down on stock price manipulation and malicious short selling. Shares in Shanghai and the smaller market in Shenzhen, near Hong Kong, swung between big losses and small gains throughout the day. The markets have languished on heavy selling of property shares that have suffered with a slump in the real estate market. Market observers said there were signs the authorities had, as is often the case, ordered big institutional investors to step up buying of state-owned banks and other heavyweights. The Industrial & Commercial Bank of China gained 2.3%, Bank of China was up 2.6% and the Agricultural Bank of China rose 2.2%. But shares still mostly lost ground. The Shenzhen Component index lost 1.1% after dipping as much as 4.4%. The Shanghai Composite index shed 1% to 2,702.19, having lost 3.5% earlier. Wilder swings were seen in the CSI ...

Sebi reviewing small, mid-cap funds' capacity to bear sharp falls: Report

While Sebi has completed one round of stress test reviews, it wants funds to test for more adverse scenarios, report says