RITES shares rally 4% as company bags Rs 298 order from Ministry of External Affairs
RITES’ shares surged 4.2% after securing a Rs 297.67 crore contract from the Ministry of External Affairs for an Integrated Check Post (ICP) construction project. The project is slated for completion within 59 months. Despite recent declines, RITES’ stock has seen an 18% increase over the past year.
Swiggy shares jump 2% after Axis Capital initiates coverage with Rs 640 target
Swiggy share price: Swiggy’s shares rose 2% after Axis Capital initiated coverage with a ‘buy’ rating and Rs 640 target, citing strong growth prospects in food delivery and Q-com, with a 20% upside.
Wockhardt shares rise 10% after Zaynich aids successful liver transplant trial
Wockhardt’s shares surged 8.6% after its antibiotic Zaynich successfully treated a US cancer patient, enabling a liver transplant and chemotherapy. The drug is nearing Phase III trials for global approval.
ETMarkets Smart Talk: Gold and Silver in 2025: Investment insights from Deepak Ramaraju
Markets have witnessed several challenges in the recent past – Russia Ukraine war, the escalation of Israel Palestine conflict, the invasion of Syria etc. However, these geo-political conflicts affect the commodity supply chain, currency movement and inflation.
What to do with Godrej Consumer, Honasa and 3 other stocks? Aamar Deo of Angel One decodes
Markets have been witnessing consolidation over the past few weeks, post the sharp recovery from its recent low witnessed on November 21. Overall, lack of clear triggers on the back of FII sell-off which appears to have waned recently, corporate earnings slowdown, inflationary concerns, bullish momentum in US stock markets, are some of the factors […]
Positive Breakout: These 6 stocks cross above their 200 DMAs
In the Nifty500 pack, six stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on December 13, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day […]
Nifty IT can rally till 49,000 in near term: Anand James
While the downsides at open were expected given the direction of the previous days’ trend, the upswing thereof found support from the fact that the sluggishness had persisted through the week without major news break setting up conditions for mean reversion move.
Stocks to buy today: Shakti Pumps, JK Tyre and IOC on investors’ radar
Indian benchmark indices rallied about 1% on Friday, driven by gains in tech and consumer durables. Shakti Pumps surged 5%, nearing all-time highs, while IOC climbed 2.01% showing signs of recovery. JK Tyre experienced a marginal dip, consolidating near support levels.
Vedanta shares in focus as board to decide on fourth interim dividend today
Vedanta’s board is scheduled to meet on December 16, 2024, to discuss a potential fourth interim dividend for FY2024-25. The record date is set for December 24. This follows three previous interim dividends, totaling Rs 35 per share. The company’s shares have doubled in value this year, despite a 4% year-on-year decline in Q2 FY25 […]
Asian shares wary of Fed rate outlook, high bond yields
The Federal Reserve will lead the pack on Wednesday with markets pricing a 96% probability it will cut rates by 25 basis points to a new range of 4.25% to 4.50%.