GRSE shares zoom 14% after Q4 PAT jumps over 2x YoY
Garden Reach Shipbuilders & Engineers (GRSE) announced a significant surge in its Q4FY25 net profit. The company’s profit after tax (PAT) rose 118% year-on-year to ₹224 crore. Revenue from operations also grew substantially. GRSE declared a dividend of ₹4.90 per share. The company’s Chairman expressed confidence in continued strong performance. GRSE’s stock has shown impressive […]
Selectively position in largecaps, avoid over enthusiasm: Sudip Bandyopadhyay
The entire trade war scenario which was developing around us with the US president going on about it, things are cooling down a bit. With their kind of truce with China for 90 days, with very reasonable tariffs on both the sides augurs definitely well for US economy and the global economy as well.
Breakout Stocks: How to trade Redington, BSE and APL Apollo after fresh 52-week highs
The Indian market reversed Monday’s gains, with the Sensex dropping nearly 1,300 points and the Nifty slipping below 24,600. Despite the broader weakness, BSE, Redington, and APL Apollo hit fresh 52-week highs. Analysts see breakout opportunities in these stocks, citing strong volume trends and bullish price action, with defined upside targets and stop losses for […]
Q4 results today: Eicher Motor, Tata Power among 126 companies to announce earnings on Wednesday
The earnings season is wrapping up with 126 companies set to reveal their Q4 results. Key companies like HAL, Eicher Motor, and Tata Power are in focus. Eicher Motors anticipates a rise in net sales and profit. Tata Power expects revenue growth, supported by its renewable energy sector. Analysts are closely watching these financial announcements […]
Accretion Pharmaceuticals IPO opens for subscription: Price band, GMP among key details to know
Accretion Pharmaceuticals launched its IPO on May 14, aiming to raise Rs 29.75 crore through a fresh issue of shares, with the IPO closing on May 16. The Gujarat-based company, which manufactures a range of healthcare products, plans to use the funds for capital expenditure, debt repayment, and working capital.
New lifetime high on cards for Nifty? Deven Choksey’s market outlook amid rally
Amid market resilience, Deven Choksey anticipates Nifty potentially reaching 25,200, with corrections offering buying opportunities. He suggests IT, pharmaceuticals, and metals could drive market momentum, favoring large-cap stocks over mid and small-caps. Controlled input costs and improved capital goods demand may benefit manufacturing, with selective buying advised in IT and pharma stocks.
Market retreats 1.5% after record gains amid profit booking
Indian equity markets experienced a pullback on Tuesday, with the Nifty and Sensex declining by approximately 1.5% each, following a significant surge the previous day fueled by geopolitical developments. Profit booking and weekly Sensex expiry contributed to the downturn, while mid- and small-cap stocks showed resilience.
Asian stocks trade in narrow ranges after US rally
Asian stocks displayed cautious trading as investors awaited further market signals, following Wall Street’s recovery from earlier losses driven by easing trade tensions and lower-than-expected US inflation. Tech stocks, particularly Chinese giants like Tencent and Alibaba, are under scrutiny as their earnings reports could offer insights into navigating geopolitical uncertainties.
Vedanta plans Rs 3,500-crore bond sale to refinance debt
The bonds, expected to be issued in the last week of May, will carry a tenor of 2.5 to 3 years and are likely to be priced in the 9-9.5% range, the people said. Barclays and Citibank have been mandated to manage the issuance.
Brokers nudge investors to park idle cash in Liquid ETFs
The growing popularity of liquid ETFs has prompted a flurry of new launches, especially by various brokers and financial services firms such as Angel, Mirae, Groww, Shriram, Bajaj Finserv and Zerodha. Most of these firms have both stock broking and mutual fund arms.