Samvardhana Motherson shares rise 4% as company sees limited impact from US tariffs
Samvardhana Motherson shares: Shares of Samvardhana Motherson International Ltd advanced by 3.8% due to the company’s announcement that new US tariffs on imported products, including automotive components, would not significantly impact its financials. The stock recovered from earlier losses, influenced by a positive outlook from CLSA.
BEML shares jump over 3% after securing Rs 405 crore contract from Bengaluru Metro Rail
BEML has secured a Rs 405 crore contract from Bengaluru Metro Rail Corporation for manufacturing and launching metro cars, along with providing personnel training and 15 years of maintenance. Motilal Oswal Financial Mutual Fund acquired a 2.66 lakh-share stake in BEML. The stock has gained 13.6% recently, with a target price of Rs 3,838, indicating […]
HAL shares rise 2% after revising Tejas Mk1 contract to Rs 6,542 crore amid delays
Hindustan Aeronautics Limited (HAL) has amended its contract with the Indian Air Force (IAF) for the delivery of Tejas Mk1 Final Operational Clearance (FOC) fighter jets, increasing the contract value to Rs 6,542.20 crore. Despite delays in production, the Tejas Mk1A program progresses with the first engine delivered by GE Aerospace. HAL’s Q3 profit saw […]
Positive Breakout: These 10 stocks cross above their 200 DMAs
In the Nifty200 pack, 10 stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on March 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 stock. As long as the stock is priced above the 200-day […]
Zen Technologies shares in focus after securing Rs 152 crore defence ministry contract
Zen Technologies secures a Rs 152 crore order from the Ministry of Defence for an Integrated Air Defence Combat Simulator. This new contract underscores the company’s innovative capabilities and its focus on developing indigenous technologies for defence forces. Shares target an average price of Rs 1,740 with a ‘Strong Buy’ recommendation.
Dollar hovers ahead of PCE and tariff onslaught
The dollar is heading for a steady week and next week’s quarterly loss due to concerns over tariffs slowing U.S. growth, affecting yields, stocks, and the currency. The euro and the yen have seen significant gains this quarter, driven by various factors including peace prospects in Ukraine and dollar weakness.
Shri Ahimsa Naturals IPO: Check allotment status, listing date and other details
Shri Ahimsa Naturals’ IPO was highly successful, being oversubscribed over 60 times. The IPO closed on Thursday with share allotment finalized soon after. The company plans to raise Rs 74 crore for corporate purposes and investments, further enhancing its product line with Green Coffee Bean Extracts and Caffeine Anhydrous Natural.
ATM withdrawals make SBI richer, other PSBs poorer
State Bank of India earned Rs 331 crore from ATM cash withdrawals in 2023-24, while other state-owned banks collectively lost Rs 925 crore. SBI dominates the ATM market with over 65,000 ATMs. Customers get limited free ATM transactions; fees apply beyond those limits. Despite fewer transactions, cash remains vital. Increased fees boosted the ATM network.
Hot Stocks: 4 stocks that may give returns between 17-27%
Analysts recommend stocks such as HDFC Bank, Glenmark Pharmaceuticals, Tata Steel, and Samvardhana Motherson, expecting returns between 17% and 27%. Improvements in growth, favorable risk-reward, valuation comfort, and positive market outlooks drive their optimistic projections.
Project pipeline, rentals keep DLF on Street radar
DLF’s stock surged by 9.4% in a month, driven by strong sales and new launches, particularly in the luxury segment. The company plans to expand its residential and rental businesses, reduce debt, and distribute 50% of net profit as dividends. Analysts predict a 32-51% stock price upside, indicating robust growth potential.