Balkrishna Industries shares rise 3% as Nomura upgrades to buy, sees 22% upside
Balkrishna Industries’ shares rose 3.4% after Nomura upgraded the stock to “buy,” citing strong growth prospects and attractive valuations. Nomura set a target price of Rs 3,242, expecting a 22% upside, driven by global market strength and strategic diversification. The company’s strong Q3 performance, robust market share, and investments in OTR tyre capacities support this […]
Paytm shares shed 2% after Paytm Payments Services CEO and MD Nakul Jain resigns
Paytm’s shares fell 1.69% to Rs 767 on January 28, following the announcement of Nakul Jain’s resignation as CEO and MD of Paytm Payments Services (PPSL). The resignation is effective by March 31, 2025, as Jain pursues an entrepreneurial journey. PPSL is actively seeking a replacement, and the new appointment will be announced in due […]
Anant Raj shares nosedive nearly 20% amid global fears of low-cost AI models
Shares of Anant Raj dropped significantly by up to 19.75% due to a global sell-off in technology stocks. The slump followed the launch of a low-cost Chinese AI model by DeepSeek, which has quickly gained popularity, overshadowing competitors like ChatGPT and contributing to market declines.
Why are Indian markets on a downtrend? No, it’s not just weak Q3 performance—there’s much more at play
Indian markets are influenced by both global factors, like China’s economic policies and currency devaluation, and domestic concerns like subdued earnings and fiscal spending uncertainties. The upcoming budget is critical. Historically, market dips before the budget signal negative sentiment, but this could change based on government spending plans and policies.
Value, opportunity and timing made me make a competing offer for Religare: Digvijay Gaekwad
Digvijay Gaekwad from Florida-based Danny Gaekwad Developments & Investments has made a 17% higher competing offer for Religare shareholders. He is working with a team for compliance and protocol adherence. He believes his offer is fair and will benefit the shareholders, enhancing the company’s value. He has already communicated his plan through regulatory steps.
Hyundai Motor could report subdued numbers in Q3 results today. Here’s what to expect
Hyundai Motor is expected to report a decline in third-quarter results due to lower volumes and higher discounts. Revenues could drop 2% year-on-year, leading to a 10% dip in profitability. Analysis suggests declining margins and muted stock performance. However, future growth prospects look promising with new plant developments and an upcoming e-Creta launch, according to […]
Q3 results today: Bajaj Auto, Hyundai among 119 companies to announce earnings on Tuesday
119 companies will release third-quarter earnings results, including Bajaj Auto, Hyundai Motor, and Cipla. Bajaj Auto expects a 7% revenue rise despite weak domestic volumes. Hyundai may see a 10% profit drop with a 2% revenue decline due to adverse mix. Analysts predict varied impacts on industries this earnings season.
Positive Breakout: These 5 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap of over Rs 1000 crore, five stocks closed prices crossed above their 200 DMA (Daily Moving Averages) on January 27, 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 […]
BPCL record date for Rs 5 interim dividend on January 29. Last chance to buy
The record date determines which shareholders are eligible for benefits like dividends, splits, or bonus shares. To qualify, investors must hold shares in their demat account by the record date, which requires buying at least one day before the ex-date due to T+1 settlement.
Nvidia’s $589 billion DeepSeek rout is largest in market history
Nvidia’s stock plummeted 17%, wiping out $589 billion in market value, due to concerns over Chinese AI startup DeepSeek’s competitive, low-cost technology. The news spurred a broader tech selloff, highlighting fears that US firms may have over-invested in AI. Nvidia acknowledged DeepSeek’s advancements and denied any violation of US export restrictions.