Just Dial shares rocket 36% in two days! Why Citi, Kotak, others think Reliance-backed stock can rally up to 62%?
Just Dial shares have surged 36% in two sessions after a strong Q1 FY27 earnings report, prompting brokerages to turn bullish. Kotak sees up to 62% upside, while Citi and ICICI Securities maintain positive views, citing revenue growth, healthy cash reserves and improving business fundamentals despite near-term investment risks.
Kalyan Jewellers shares skyrocket 50% in 5 days, market value swells by Rs 18,200 crore. Time to buy or book profits?
Kalyan Jewellers shares surged another 4% on Tuesday, taking their five-day gain to 50% after the company’s strong Q1 business update. The rally, which added over Rs 18,200 crore to its market value, was driven by better-than-expected quarterly performance.
Biocon shares jump 6% as Mylan likely exits drugmaker after Rs 3,481 crore stake sale
Biocon shares experienced a significant jump of over 6% on Tuesday. Viatris-owned Mylan intends to sell a substantial stake, exiting the Indian drugmaker. This stake sale represents 5.64% of Biocon’s outstanding shares. The offer’s floor price was set at a discount to the previous closing price. Block deals totaling nearly nine crore shares occurred in […]
Nuvoco Vistas shares rocket 14% after Q1 net profit jumps 20%; firm reports strongest EBITDA ever
Nuvoco Vistas shares rose sharply on Monday after the company reported a 20% YoY rise in Q1 FY27 net profit to Rs 160 crore and its highest-ever first-quarter EBITDA. The cement maker also highlighted improving demand, expansion progress, and expects post-monsoon recovery backed by infrastructure spending and capacity additions.
ETMarkets Management Talk | We want to grow 20% annually without taking on debt: Bansal Wire’s Pranav Bansal
Bansal Wire Industries is focusing on operational efficiency and cash generation for growth. The company targets twenty percent annual growth without increasing leverage. This growth will be achieved through stronger free cash flows and internal accruals. Bansal Wire Industries is expanding into speciality wires and adopting AI-driven manufacturing. Improving return on capital and reducing debt […]
Sensex falls 500 points, Nifty slips below 24,100 as US-Iran conflict escalates. What lies ahead?
Indian stock markets edged lower on Tuesday, with major indices Sensex and Nifty falling. Escalating Middle East tensions contributed to rising oil prices, impacting investor sentiment negatively. Several prominent companies like HCL Technologies and Bajaj Finance saw significant share price drops. While some sectors like IT and Metal showed marginal gains, the overall market breadth […]
SBI Funds Management IPO to open today. Check brokerages review, GMP, subscription staus and other details
SBI Funds Management, India’s largest asset management company, will open its Rs 9,813 crore IPO for subscription on Tuesday. The issue will close on July 16. The company has fixed a price band of Rs 545-574 per share. Investors can bid for a minimum of 26 shares and in multiples thereafter.
TCS dividend alert! Last day to buy IT bellwether’s stocks for interim dividend worth Rs 12/share. Do you own?
Only those shareholders who own TCS shares in their demat accounts as of Wednesday will be eligible to receive the bonus shares. Under the market regulator SEBI’s T+1 settlement cycle, investors must buy shares of a company at least one trading day before the record date so that they are credited to their demat accounts […]
Gold drops to 2-week low as oil surge drives inflation, rate-hike fears
Gold prices declined to a two-week low on Tuesday. Oil prices surged due to the U.S.-Iran conflict in the Gulf. Federal Reserve Governor Christopher Waller’s hawkish remarks fueled interest rate hike bets. Investors await U.S. CPI data for inflation and Fed policy clues. European Union sanctions targeted Sudan’s gold trade financing conflict.
Dollar steady before US inflation data, yen under pressure
The dollar remained steady as traders awaited United States inflation data. Middle East tensions caused oil prices to increase significantly on Monday. The Japanese yen held a soft tone due to intervention concerns and policy comments. Federal Reserve officials indicated potential rate hikes if inflation persists above target. Investors are closely watching upcoming economic indicators […]