Market News – Page 8

Zee Entertainment share price surges 8% as Punit Goenka quits as firm’s MD

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On Tuesday, November 19, morning trading on the BSE saw a nearly 8% increase in Zee Entertainment shares, one day after the business announced Punit Goenka’s resignation as managing director. Nevertheless, he will remain the CEO. In contrast to its closing price of 115.50, Zee Entertainment’s stock began at 118.05 and increased by as much […]

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45% of companies miss estimates in Q2, small and midcaps face larger EPS cuts

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Several companies announced lower-than-expected profits for the September quarter (Q2FY25), which was a negative outcome for Indian Inc. Investor concerns about a possible downturn in the Indian economy were heightened by this lacklustre performance, which led to a steep selloff in the financial markets. International investors have become more pessimistic about the Indian market as

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Multibagger PTC Industries stock jumps 4% as Q2 profit surges over 100%

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On Monday, November 18, intraday trading saw a 4.3% increase in shares of PTC Industries, a manufacturer of engineering components, to ₹11,550 following the release of the company’s impressive September-ending quarter financials. Additionally, this increase put an end to the stock’s three-day run of declines. The total income increased 34% year over year (YoY) to

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Waaree Energies Q2 Results: Net profit rises 17% to ₹375.65 crore

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On Monday, November 18, Waaree Energies Limited released its July to September quarter results. Compared to ₹320.12 crore in the same period last year, the company’s net earnings increased by 17% to ₹375.65 crore in the second quarter of the fiscal year 2024–25, the BSE filing said. Shares of Waaree Energies Ltd. ended Monday’s trading

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HSBC India Strategy: Targets Sensex at 90,520 by 2025; KIMS and Axis Bank among top picks

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HSBC is still optimistic about India, keeping its “Overweight” position and projecting a 15% increase from current levels in the Sensex year-end objective of 90,520 for 2025. There are still certain risks and difficulties facing the equity markets, even though growth in India seems to be levelling out at a somewhat slower but still manageable

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Neelam Linens and Garments IPO Date, Price, & More

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On Monday, November 18, shares of Neelam Linens and Garments made a respectable market debut when they went public on the NSE SME at ₹40.05, 66.87 per cent higher than the issue price of ₹24. The ₹13 crore SME IPO of Neelam Linens was available for subscription between November 8 and November 12. The issue

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UAE-listed stocks top $1 trillion in value for the first time: Know More Here

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The value of stocks listed in the United Arab Emirates has surpassed $1 trillion for the first time. This occurred as a result of a growth in local listings and a rise in companies associated with Abu Dhabi royals, which make up over one-third of the total valuation. As a result, the UAE market as

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Adani Green Energy plans $2-b fundraise via International bonds, loans

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According to persons familiar with the situation, billionaire Gautam Adani’s renewable energy division intends to raise at least $2 billion in primarily fresh debt next year to take advantage of creditors’ renewed faith in its ambitious expansion plans. According to persons who asked not to be named because the discussions are confidential, Ahmedabad-based Adani Green

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Stock market set to plateau after euphoria of last four years: Zerodha’s Nithin Kamath

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Nithin Kamath, chief executive officer of Zerodha, stated that the development possibilities for the Bengaluru-based company in the upcoming years will be impacted by the stock market’s expected plateau following the exuberance of the previous four years, which resulted in record participation from individual investors. “Zerodha’s performance would be highly correlated with the performance of

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