Multiple global and domestic brokerage firms have launched covering several equities, expressing strong opinions on Swiggy, Hyundai Motor, Tata Technologies, GMM Pfaudler, and JSW Energy, with possible gains of up to 98%. Below is a list of seven stocks on which brokerages have commenced coverage: Hyundai Motor: CMP: Rs 1,787 CLSA, a global brokerage firm,…
HCL Technologies is scheduled to release its Q3 earnings today after market hours. HCL Technologies’ third-quarter earnings are likely to be robust, with a revenue increase of 4.5% sequentially supported by seasonal tailwinds from product renewals. The IT major’s margins are expected to expand in the third quarter of FY25, driven by a seasonally good…
HSBC has downgraded Indian equities markets to “neutral” from “overweight” due to slowing growth and high valuations. The corporation has also lowered its 2025 Sensex target, cutting it by 5,000 points to 85,990. While India’s long-term growth story remains intact, HSBC has turned its focus to the China and Hong Kong markets. HSBC stated that…
Swiggy’s share price soared more than 6% in intraday trade on the BSE on Thursday, January 9, appearing set to end a four-day losing streak. Swiggy’s share price increased by 6.12% to ₹520.70 after opening at ₹505.65, up from the previous close of ₹490.65. Around 11:30 AM, the stock traded 4.22% higher at ₹511.35 on…
ACME Solar Holdings Ltd shares rose about 5% after the business reported the successful commissioning of an additional 90 MW of solar generating capacity in Rajasthan. This construction brings ACME’s total operational renewable power capacity to 2,453 MW, a significant milestone in its growth objectives. In a regulatory filing, the company stated, “ACME Solar Holdings…
Hospital equities rose significantly on Monday, January 6, in an otherwise sluggish market, after the Union Health Ministry verified the presence of three instances of Human Metapneumovirus (HMPV). These patients are part of a nationwide surveillance program for respiratory infections. The detections, which included two instances in Karnataka and one in Gujarat, came amid reports…
India’s share market fell dramatically on Monday, owing to concerns about the new HMPV virus, continued selling by foreign institutional investors (FIIs), and weaker global cues. The Sensex closed 1,258.12 points, or 1.59% lower, at 77,964.99, while the Nifty slid 388.70 points, or 1.62%, to 23,616.05. During intraday trading, the two indices fell to 1.88%….
Jyoti CNC Automation, one of the major producers of metal-cutting computer numerical control equipment, has generously rewarded its shareholders since its debut, with shares steadily rising and smashing new records month after month. In January 2024, the shares were worth ₹553 each. Today, they are worth ₹1,366 each share, a 147% increase. The stock has…
Shares of chemical companies SRF Ltd and Navin Fluorine International rose by up to 14% on Thursday, according to Equirus Capital. The analysis indicated a significant increase in global refrigerant gas prices, which boosted investor interest in the two companies. The rise was caused by supply restrictions in critical refrigerant gases, R32 and R125, according…
On Thursday, Davin Sons Retail’s share price was listed at ₹44, 20% lower than its issuance price on the BSE SME. The issue, which began on January 2, 2025, and ended on January 6, 2025, garnered a tremendous response, with 120.8 subscriptions. Davin Sons Retail’s share price fluctuated from ₹41.90 to ₹46.20. The share price…