RITES shares soar 9% after bagging a $36 million locomotive supply order from South Africa
RITES shares rallied after securing a $36 million locomotive supply contract. The company also received a Rs 175.41 crore consultancy project from BBAU. These new orders will be added to RITES’ growing order book. Execution of these contracts is scheduled over the next 20 to 30 months. RITES recently signed an MoU with CONCOR for […]
Kalyan Jewellers shares tumble 7% despite strong Q1 update. Details here
Kalyan Jewellers reported approximately 38% revenue growth in Q1 FY2027. This growth was driven by strong domestic and international business performance. The company’s gold recirculation campaign also showed encouraging progress. However, the stock declined as investors booked profits after the update.
Titan shares gain 2% on Q1 business update; consumer business grows 41% YoY
Titan Company share price rose 2% after it saw a 41% year-on-year rise in the June quarter. Robust jewelry demand and an expanding retail network fueled this significant growth. The company added seventy-seven stores, increasing its total retail presence to 3,680 locations. Watches and EyeCare segments also reported strong twenty-three percent growth during the period.
Sensex rises over 150 points, Nifty above 24,450 as market extends gains for the 5th consecutive day
Indian stock markets traded higher on Tuesday, extending gains for a fifth consecutive session. Oil prices remained near pre-war levels, and foreign investors continued their buying trend. Sensex and Nifty both saw upward movement, with broader markets also participating in the rally. Certain sectors like IT advanced, while others experienced declines. Experts anticipate an uptrend […]
Cochin Shipyard shares fall 4% as OFS worth Rs 1,856 crore opens today at 7% discount
Cochin Shipyard shares dropped as the government plans a significant stake sale. The offer for sale includes a base offer and an oversubscription option. This disinvestment move is part of the government’s FY27 program. The offer opens for non-retail investors today and retail investors tomorrow. The government aims to raise over Rs 1,856 crore from […]
Wall Street warms to India’s markets as oil pressures fade
India had fallen out of favor as investors chased markets with greater exposure to the artificial intelligence boom, while the energy shock triggered by the US-Iran war stoked concerns about the country’s external finances, pushing the rupee to record lows. As those pressures ease, bankers and investors say interest in local assets is beginning to […]
Bajaj Auto buyback to close today: Should you tender shares in Rs 5,633 crore buyback? Here’s what analysts say
The two-wheeler major launched its share buyback on July 1 as it aimed to buy back 46.94 lakh shares or 1.68% of the total paid-up share capital, with the record date being fixed on June 24.
Positive Breakout: These 8 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap over Rs 10,000 crore, eight stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on July 06, according to stockedge.com’s technical scan data. The 200-day daily moving average (DMA) is a key indicator traders use to determine the overall trend in a particular […]
HNIs turn to hybrid debt funds, SIFs for higher post-tax returns
Rich investors are exploring niche mutual funds and specialized investment funds. These products offer higher returns and better tax efficiency for portfolios. Funds bundle debt, arbitrage, REITs, and InvITs to boost investor returns. This strategy provides a tax advantage over fixed deposits and debt funds. Investors must understand liquidity differences between fund types.
Global Market Today: Asian stocks slip, Samsung slides after results
The MSCI Asia Pacific Index fell 0.3%, with decliners narrowly outnumbering gainers. Technology stocks led the losses, with Samsung falling over 5% even after quarterly profit surged 19-fold. The Kospi Index retreated 3.5%, while SK Hynix Inc. shares dropped 1% after kicking off the formal marketing process for its US listing.