Vedanta Power shares fall 3% despite 38% jump in Q1 sales. Should you buy, sell or hold?
Vedanta Power share price dipped 3% despite a significant 38% year-on-year surge in power sales for the June quarter, driven by Meenakshi Energy’s expansion and Talwandi Sabo’s consistent output. While Meenakshi Energy saw a 245% jump, Sakti Thermal Plant faced a shutdown due to a boiler blast. Brokerages remain divided on the company’s valuation, with […]
Yes Bank shares gain 2% after Q1 advances rise 18% to Rs 2.85 lakh crore, deposits up 14%
Yes Bank shares climbed 2% following a robust Q1 FY27 business update. The private lender reported an 18.4% year-on-year surge in loans and advances, reaching Rs 2.85 lakh crore. Deposits also saw a healthy 14% YoY increase to Rs 3.15 lakh crore. The bank’s Liquidity Coverage Ratio improved significantly, indicating strong financial health. These positive […]
Nykaa shares rise 3% as Q1 update signals nearly 30% revenue growth, GMV
Nykaa share price gained 3% following a robust quarterly business update. The company anticipates nearly 30% year-on-year growth in consolidated net revenue for the June quarter. This surge is largely attributed to a significant turnaround in its fashion segment, projecting around 55% net sales value growth, alongside continued strength in its core beauty business.
Sensex jumps over 300 points, Nifty above 24,300 to extend gains for the 4th day on monsoon revival and FII buying
Indian stock markets surged on Monday, with Sensex and Nifty extending gains for a fourth straight session. Heavy rainfall revived monsoon hopes, while foreign investors turned net buyers, boosting investor confidence. Infosys led the gains, though some stocks like IndiGo saw declines. The market anticipates Q1 results, with financials and autos expected to perform well, […]
Kotak Mahindra Bank shares fall over 3% after Q1 update; advances jump 15% to Rs 5.12 lakh crore
Kotak Mahindra Bank’s shares dipped over 3% following its Q1 FY27 business update. While net advances saw a healthy 15% year-on-year jump to Rs 5.12 lakh crore, and total deposits grew nearly 12%, a sequential slowdown in deposit growth and a dip in current and savings account deposits may have concerned investors. The bank also […]
Dividend alert! Last day to buy JSW Steel, Sun Pharma, 4 more stocks to earn payouts up to Rs 75
JSW Steel has fixed Tuesday as the record date for its final dividend of Rs 7.1 per share for the financial year 2026. Once approved by the shareholders during its upcoming Annual General Meeting (AGM), the said dividend will be paid within 30 days from the date of its declaration, the company said.
LKP Securities’ top 3 picks: High-conviction breakout stocks targeting strong gains
Positive market sentiment is fueling selective stock opportunities, according to Rupak De of LKP Securities. He identifies Aegis Vopak, Lodha, and Aurobindo Pharma as prime short-term picks, citing strong technical indicators like chart breakouts and bullish RSI crossovers. The Nifty is eyeing higher levels, while the IT index shows signs of bottoming. PSU banks, however, […]
Oil Price Today (July 6): Crude oil extends fall, hovers below $72. Here are 2 major reasons for the decline
Brent crude futures slipped 24 cents, or 0.e33%, to $71.88 a barrel. U.S. West Texas Intermediate crude fell 11 cents, or 0.16%, to $68.58 a barrel. WTI did not settle on Friday as U.S. markets remained closed ahead of the Independence Day holiday on Saturday.
Oil slips after OPEC+ agrees to raise output targets
Oil prices dipped as OPEC+ agreed to boost output from August, with key producers seeing recovering exports via the Strait of Hormuz. Despite the planned increase, actual output may be capped due to ongoing geopolitical tensions. Gulf oil exports are reviving but still lag pre-conflict levels, while Russia’s crude shipments surged due to refinery damage.
Analysts back buy-on-dips strategy as Nifty targets 24,450–24,800
Indian stock market analysts are optimistic, anticipating the Nifty to continue its upward trend. They suggest buying on dips around the 24,000-24,150 mark, with potential upside targets reaching 24,800. Several stocks, including Container Corporation of India, IndusInd Bank, Biocon, HDFC Asset Management Company, Shriram Finance, and Piramal Pharma, are highlighted as strong buy recommendations with […]