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BSE shares tumble 7% after Jefferies cuts rating to ‘underperform’

BSE shares tumble 7% after Jefferies cuts rating to ‘underperform’

One of the oldest stock exchanges in Asia, the Bombay Stock Exchange (BSE), had its shares drop 7% during intraday trade on Wednesday, October 16, to ₹4,419 per. The stock saw a decrease after a downgrade by international broking Jefferies, which downgraded the stock from ‘hold’ to ‘underperform,’ citing an unattractive risk-reward profile shortly after.

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Asian stocks advance after US small-cap rally: Know More Here

Asian stocks advance after US small-cap rally: Know More Here

Asia’s stocks increased following Wall Street’s positive close, propelled by a shift away from megacap tech and into economically sensitive stocks, such as smaller businesses. Australia’s and Japan’s stocks increased. As investors consider support measures for the nation’s second-largest economy, an index of Chinese companies listed in the US increased by about 1% on Wednesday,

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BSE shares tumble 6% on Jefferies’ downgrade to ‘underperform’ rating

BSE shares tumble 6% on Jefferies’ downgrade to ‘underperform’ rating

On Wednesday, October 16, shares of the Bombay Stock Exchange (BSE), one of the oldest stock exchanges in Asia, dropped 7% during intraday trade to ₹4,419 a share. The stock saw a decrease after a downgrading by international broking Jefferies, which downgraded the stock from ‘hold’ to ‘underperform,’ citing an adverse risk-reward profile going forward.

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Nestle Q2 results preview: Revenue may grow at 5-7% on volume, price uptick

Nestle Q2 results preview: Revenue may grow at 5-7% on volume, price uptick

Nestle India’s preview of Q2 results: On Thursday, October 17, 2024, Nestle India, the company that makes Maggi and KitKats, is scheduled to release its quarterly results for the July–September period (Q2FY25). The fast-moving consumer goods (FMCG) giant’s adjusted profit is predicted to rise by 7 to 8% to Rs 876 crore from Rs 805.5

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HDFC AMC shares jump over 5% to record high after strong Q2 results

HDFC AMC shares jump over 5% to record high after strong Q2 results

After the company released impressive results for the second quarter of FY25, the share price of HDFC Asset Management Company increased by more than 5% on Wednesday, setting a new record. A new high of ₹4,783.75 per share was reached by HDFC AMC shares on the BSE, rising as much as 5.16%. After reporting a

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Pfizer Went From Covid Star to Activist Target as Stock Fell

Pfizer Went From Covid Star to Activist Target as Stock Fell

Although Pfizer Inc. and Albert Bourla prevailed in their initial battle with Starboard Value LP, the pharmaceutical company and its troubled CEO still have a lengthy battle ahead of them against an activist who detests defeat. Bourla is scheduled to meet with Starboard on Wednesday. This comes after news broke early this week that the

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