Multi Commodity Exchange of India (MCX) has witnessed a remarkable multibagger rally, with the stock climbing 198 percent in the last one year. So far in 2024, the stock has risen by 68 percent, giving positive returns in seven out of the nine months. In Septmeber, the stock added almost 4 percent, extending its gains … Read more
After a robust financial performance and 5 straight months of gains, brokerage house HDFC Securities has picked EPL as its ‘pick of the week’ “We believe investors can buy the stock in ₹245-255 band (20.5x FY26E EPS) and add on dips in ₹220-230 (18.5x FY26E EPS) band for a base case fair value of ₹274 … Read more
Following a disappointing performance in the June quarter (Q1FY25) for the banking space, Axis Securities has identified ICICI Bank, State Bank of India (SBI), and Federal Bank as its top picks in the sector. Meanwhile, among NBFC, it has chosen Cholamandalam Investment & Finance Company (CIFC) and Nippon Life India Asset Management on the back … Read more
Olectra Greentech shares jumped 13% today, climbing to ₹1,742 per share, as investors responded positively to the company’s strong June quarter results, which were disclosed after market hours on Monday. The company saw its consolidated revenue from operations grow by 45.37% year-on-year (YoY) to ₹314 crore. EBITDA also increased by 10% YoY, reaching ₹44 crore, … Read more
Short selling is a trading strategy used as a financial term in the stock markets. In short selling, traders speculate over a stock and expect its price to fall. Short-selling traders are commonly known as short sellers. They place their bets on a company’s stock, which they anticipate will fall in a specific period of … Read more
Top News Goods and Services Tax In July 2024, Goods and Services Tax (GST) collections surged to ₹182,075 crore, reflecting a notable 10.3% increase from the ₹165,105 crore collected in July 2023. This uptick was seen across all categories, including Central GST (CGST), State GST (SGST), Integrated GST (IGST), and cess, as reported by ANI. … Read more
Despite a decline in June quarter results, Axis Securities has maintained its ‘BUY’ recommendation for Man Infraconstruction Ltd (MICL), setting a target price of ₹240 per share, which implies an upside of over 27 percent. The brokerage remains optimistic about the company’s long-term growth prospects. On Friday, the stock increased by 3.37 percent, closing at … Read more
Yes Bank, a prominent private sector lender, has drawn attention after reporting robust earnings for the quarter ending June 2024 (Q1FY25). The bank posted a net profit of ₹502.43 crore, representing a 46 percent increase from ₹342.5 crore in the same quarter the previous year. The bank’s net interest income (NII) grew by 12.2 percent … Read more
Q1 results: As the corporate earning season continues, the market will witness several marquee companies disclosing their financial results next week. We take a look. Also Read | Q1 Results, US Fed Policy, global cues among key stock market triggers this week Q1 results expected — July 29 to August 4 Q1 Earnings on July … Read more
Aurum Proptech, a leader in property technology, has seen its shares experience a significant rise in recent years, delivering exceptional returns to shareholders. Since January 2021, the share price has surged from ₹11.25 to its current value of ₹161.75, marking a remarkable gain of 1335%. The company offers a comprehensive range of tech solutions and … Read more