Shares of KPIT Technologies Ltd hit a series of lower circuits on Wednesday, falling more than 15 percent after the automotive software company issued a profit warning for the April-June quarter and signalled that weak business conditions could persist into the September quarter.At around 10:15 am…
Shares of Jana Small Finance Bank extended their recovery to trade over 1% higher on Wednesday after the lender clarified that the downgrade of its promoter entity's debt has no impact on the bank.The stock, which fell as much as 0.37% to Rs 467 in early trade, rebounded sharply and was trading 1.0…
Prabhudas Lilladher's research report on RITESWe hosted RITES management for an NDR, where management reiterated its confidence in the medium-term growth outlook, supported by a relatively young order book, with around two-thirds of projects (12–18 months old) entering the execution phase over FY27…
Shares of Kotak Mahindra Bank Ltd rose in early trade on July 1 after multiple brokerages maintained their bullish stance following the lender's announcement that it will acquire Deutsche Bank India's retail banking, affluent private banking and wealth management business.The stock gained 0.92 perc…
The Indian rupee opened flat at 94.66 against the US dollar on Wednesday, compared to Tuesday's close of 94.66.According to Finrex, the rupee posted its first quarterly gain in five quarters, appreciating roughly 0.2% during the April-June quarter. The near term direction of the INR will likely dep…
Shares of Adani Ports and Special Economic Zone are likely to remain in focus on July 1 after multiple brokerages reaffirmed their bullish stance on the stock following the company's agreement to sell a 49 percent stake in its Vizhinjam International Seaport to a unit of Switzerland's MSC Group for…
Commodity markets traded mixed on July 1, with crude oil prices rebounding on renewed geopolitical concerns, while precious metals remained under pressure amid a stronger U.S. dollar and rising Treasury yields.Crude oil prices advanced in early trade after reports that Iran will not meet U.S. envoy…
Gold edged up on Tuesday but was on track for its sharpest quarterly decline in 13 years, as inflation concerns stemming from the Middle East conflict reinforced expectations that the U.S. Federal Reserve could hike interest rates.Spot gold rose 0.3% to $4,027.03 per ounce by 1:40 p.m. ET (1740 GMT…
Indian benchmark indices are likely to open on a flat note on July 1, tracking muted cues from GIFT Nifty, which was trading around 23,987 during early trade.Track the latest updates on GIFT Nifty right here on MoneycontrolIndian benchmark indices ended lower in a volatile session on the June deriv…
The benchmark indices witnessed a one-third of a percent correction on June 30, but market breadth turned positive. About 1,634 shares advanced against 1,357 declining shares on the NSE. The market is likely to remain range-bound as long as it trades below the previous week's high. Below are some s…
Promoter sold further 1.88 percent equity stake in Indo Tech Transformers, the power and distribution transformers manufacturer, via open market transactions on June 30.Despite this stake sale by promoter, Indo Tech stock was locked in 5 percent upper circuit for second consecutive session, closing…
Chiswick Investment, an affiliate of GIC Group, sold a little over an 11 percent stake in Jaipur-headquartered smart metering solutions provider Genus Power Infrastructures for Rs 955.6 crore through open market transactions.Genus Power's stock reacted sharply to the stake sale, opening with a sign…
India's exports to Gulf Cooperation Council (GCC) countries rebounded to near pre-war levels in May, led by a sharp recovery in shipments to the United Arab Emirates (UAE). However, the rebound appears to have been driven largely by a handful of high-value, volatile commodities rather than a broad…
Shares of Park Medi World gained over 3% on Tuesday after the company announced the expansion of its Gurugram hospital and outlined an investment plan of around Rs 500 crore over FY27 and FY28 to expand its network to nearly 5,600 operational beds by the end of FY28.At 3:16 pm, the stock was tradin…
Mahindra & Mahindra (M&M) shares were on the investors’ radar on Tuesday, as brokerages remained constructive on the automaker's long-term growth prospects, citing strong electric vehicle (EV) momentum and supportive policy measures. HSBC maintained its 'Buy' rating on the stock with a target price…
Anand Rathi, Knack Packaging LtdKnack Packaging Limited is an integrated, innovation-driven, exportoriented packaging solutions provider engaged in the manufacturing of Printed and Laminated Woven Polypropylene (PLWPP) bags, including PLWPP pinch bottom bags. The company serves as a key supplier of…
Shares of Blue Cloud Softech Solutions snapped their recent losing streak and hit the upper circuit of 5% on Tuesday, outperforming the broader market after the company said it has been empanelled by Bharat Sanchar Nigam Limited (BSNL) as a Captive Non-Public Network (CNPN) Provider.The stock rose…
Bharti Airtel shares rose nearly 2 percent on June 30 after Nomura reaffirmed its bullish view on the telecom major, raising its target price. The brokerage firm cited expectations of future tariff hikes, robust free cash flow generation and growing shareholder returns.Nomura maintained its 'Buy' r…
Auto shares reversed early losses to trade in the green on Tuesday, aided by value buying and stock-specific buying interest after a sharp decline earlier in the session, analysts said.The Nifty Auto index, which was among the worst-performing sectoral indices in early trade, fell as much as 1.3 pe…
Shares of Dixon Technologies rose as much as 3.15% in intraday trade on Tuesday after a CNBC-Awaaz report said the proposed joint venture between the company and Vivo is likely to receive government approval soon.The stock later pared some gains to trade 2.35% higher at Rs 12,082.According to CNBC…