Shares of Exide Industries hit an over four-year high at Rs 266.50, as they rallied 7 per cent on the BSE in Tuesday’s intra-day trade amid heavy volume on improved operational performance in June quarter (Q1FY24). The stock of storage batteries and allied product companies was quoting at its highest level since January 2019. It… Continue reading Exide Industries rallies 7%, inches to record high on improved Q1 earnings
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GoFirst insolvency, high fares to drive IndiGo’s turnaround in Q1: Analysts
IndiGo Q1FY24 results preview: The absence of Go First, and weak operations of SpiceJet may help InterGlobe Aviation-owned IndiGo to post a turnaround performance in the April-June quarter (Q1) of financial year 2023-24 (FY24) when it announces its June quarter result on Wednesday, August 2. On average, analysts expect the airline to post… Continue reading GoFirst insolvency, high fares to drive IndiGo’s turnaround in Q1: Analysts
Tata Power surges 10% in 3 days on positive outlook; stock nears 52-wk high
Shares of Tata Power Company hit a 10-month high at Rs 243.20, gaining 3 per cent on the BSE in Tuesday’s intra-day trade on the back of heavy volume on positive outlook. The stock of Tata group integrated power utilities company was quoting higher for the third straight day, surging 10 per cent during the… Continue reading Tata Power surges 10% in 3 days on positive outlook; stock nears 52-wk high
Hind Copper gallops 18% in 2 days on management rejig; hits 52-week high
Shares of Hindustan Copper soared 7 per cent to hit a high of Rs 150.90 in Tuesday’s intra-day deals on the BSE, a day after rallying over 10 per cent following the change in management at the Khetri Copper Complex. At 09:55 AM, the stock was up 6.2 per cent at Rs 149.80… Continue reading Hind Copper gallops 18% in 2 days on management rejig; hits 52-week high
BSE market capitalisation at new high after benchmark indices gain
Benchmark indices snapped their two-day losing streak on Monday, led by gains in information technology (IT) stocks and index heavyweights such as Reliance Industries and HDFC Bank. Both the Sensex and the Nifty50 rose 0.6 per cent. Also on Monday, the market capitalisation of all the listed companies on the BSE logged a… Continue reading BSE market capitalisation at new high after benchmark indices gain
India’s core sector output expands to 5-month high at 8.2% in June
Output of eight key infrastructure sectors — known as the core sector — expanded to a five-month high of 8.2 per cent in June. This is due to a high base effect and positive growth in seven of the eight sectors. In June last year, the core sector had grown by 13.1 per… Continue reading India’s core sector output expands to 5-month high at 8.2% in June
Credit cards in force hit new high in June; spends decline over May
Credit cards in force hit a new high in June, surging to 88.7 million from 87.4 million in May even if spending declined to Rs. 1.37 trillion, as compared to Rs. 1.40 trillion in May. According to latest data released by the Reserve Bank of India, HDFC Bank maintained its leadership position… Continue reading Credit cards in force hit new high in June; spends decline over May
Midhani soars 9%, hits 52-week high on order win worth Rs 179 crore
Shares of Mishra Dhatu Nigam (Midhani) surged 9.4 per cent to Rs 345.6 apiece, also its 52-week high, on the BSE in Monday’s intra-day trade. The buying interest came after the company said it has bagged new order worth Rs 178.54 crore. At 2:30 PM, the stock was quoting 7.3 per cent higher… Continue reading Midhani soars 9%, hits 52-week high on order win worth Rs 179 crore
Anup Engg at new high on strong business outlook; zooms 152% so far in CY23
Shares of Anup Engineering hit a new high of Rs 2,180, surging 9 per cent on the BSE in Monday’s intra-day trade on strong business outlook. Thus far in the calendar year 2023, the stock of industrial products company has zoomed 152 per cent. In comparison, the S&P BSE Sensex rose 8.5 per cent during… Continue reading Anup Engg at new high on strong business outlook; zooms 152% so far in CY23
ACC hits 5-month high; rallies 14% in 6 days on robust Q1 results
Shares of ACC hit five month high of Rs 2,021.85, up 4 per cent on the BSE in Monday’s intra-day trade, extending its previous week’s gain amid a robust set of earnings for the quarter ended June 2023 (Q1FY24). The stock of Adani Group was trading higher for a sixth straight day, surging 14 per… Continue reading ACC hits 5-month high; rallies 14% in 6 days on robust Q1 results