Market News – Page 2

Indobell Insulation shares list with 90% premium on BSE SME platform: Know More Here

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Indobell Insulation’s share price debuted at ₹87.40 on the BSE SME, representing a 90% premium. The Indobell Insulation share price subsequently climbed further, reaching the 5% upper circuit thereafter. Indobell Insulation’s share price increased by 5% to ₹91.77, which was also the stock’s upper price band. The Indobell Insulation share price was then stuck in […]

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Biocon share price jumps over 4% after US FDA clears Malaysian insulin facility: Know More Here

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Biocon’s share price rose 4.5% on Monday after the US Food and Drug Administration (US FDA) approved Biocon Biologics’ insulin facility in Malaysia. This development resolves a substantial regulatory impediment for the corporation. The Malaysian unit was recognized as a “Voluntary Action Indicated” (VAI) by the US drug regulator, allowing the company to file items

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Ola Electric shares dip 4% as CCPA seeks more documents amid probe: Know More Here

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Bhavish Aggarwal-led Ola Electric Mobility shares fell sharply in early trade today (January 8), plunging as much as 4%. The recent drop in the firm’s stock prices was caused by the Karnataka High Court’s decision to deny the corporation relief in an ongoing inquiry by the Central Consumer Protection Authority (CCPA). Adding to the company’s

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Hyundai Motor, Tata Technologies among 7 stocks on which brokerages initiated coverage, see up to 98% upside: Know Everything Here

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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,

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HCL Tech Key Q3 Earnings In Focus This Week: Know More Here

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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

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HSBC downgrades India to ‘Neutral’; Cites softening profits, high valuations: Know More Here

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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

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Bernstein initiates coverage on Swiggy with Rs 635 target price, stock up by 6%: Know More Details Here

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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

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ACME Solar Holdings shares rise 5% on commissioning 90 MW capacity in Rajasthan: Know More Here

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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

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Hospital stocks surge up to 4% after the Health Minister acknowledges three cases of HMPV in India

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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

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HMPV triggers a sharp selling-off: Investors lost Rs 12 lakh crore in a single shot

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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%.

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