Vedanta Power shares rise 4%, snap 2-day losing streak since listing
Vedanta Power shares rebounded after two days of declines following their stock market debut post the Vedanta demerger. The company crossed its listing price amid investor interest and aims to become one of India’s top private thermal power players through expansion and operational growth.
Yes Bank shares rally 15% in 4 sessions. What are technicals suggesting for traders?
Yes Bank shares extended gains for a fourth straight session, rising as much as 6.5%. Technical indicators and improving sentiment supported momentum. Analysts highlighted a key resistance near Rs 26, aligned with long-term moving averages, while fundamentals strengthened through a partnership with Northern Arc Capital and improved quarterly earnings performance.
Vedanta Aluminium shares tumble 14% in 3 days since listing. What’s dampening the shine of Vedanta’s new crown jewel?
Vedanta Aluminium shares hit the 5% lower circuit for a third straight session on Wednesday, extending their post-listing decline to 14%. Since debuting at Rs 522 per share on Monday, the stock has shed over Rs 29,000 crore in market value, with its market capitalisation falling from more than Rs 2 lakh crore to around […]
Cyient shares crash 6% as stock turns ex-record date for Rs 720 crore share buyback. What’s ahead?
Cyient shares fell sharply on Wednesday after the stock turned ex-record date for its Rs 720 crore share buyback at Rs 1,125 per share. Investors purchasing shares after the record date will not be eligible to participate. The company’s first buyback since 2019 comes amid mixed operational performance and cautious analyst outlook.
Dixon Tech shares rally 5% amid reports of government nod for Vivo JV this month
Dixon Technologies shares surged rose sharply on Wednesday after reports suggested the government may approve its long-pending joint venture with Vivo this month. The proposed JV, in which Dixon will hold a majority stake, is expected to strengthen smartphone manufacturing capabilities in India while reducing Vivo’s regulatory risk exposure in the market.
Nifty upside limited, but stock-specific opportunities remain: Pramod Amthe
Indian equities face headwinds from inflation and monsoon uncertainty, yet opportunities exist. Pramod Amthe of InCred Capital highlights sectors with pricing power like FMCG and paints, alongside preferred auto segments and NBFCs. While broad market gains may be modest, astute stock selection is key for investors navigating these challenging times.
Strong earnings, easing headwinds to boost market outlook: Devang Mehta
Indian stock markets are poised for growth. Strong company profits and stable economic factors are supporting this positive outlook. Investors can expect good returns over the next one to two years. Key sectors like power ancillaries, capital expenditure, and financials are expected to perform well. This presents an exciting opportunity for market participants.
Zydus Lifesciences shares fall 2% as firm acquires US-based Assertio Holdings for $166 million
Zydus Lifesciences’ shares dipped 2% after completing the $166.4 million acquisition of US-based Assertio Holdings Inc. The deal, finalized through a subsidiary, makes Assertio a wholly-owned entity, bolstering Zydus’s specialty and oncology supportive-care therapies pipeline. This strategic move aims to enhance the company’s innovative drug offerings.
Prime Focus shares hit 5% upper circuit as Sebi halts proceedings in misleading financials case
Prime Focus shares were locked in 5% upper circuit after Sebi closed its investigation. The market regulator found the company used correct accounting for business transfers. Allegations of misleading financial statements and irregularities were unsubstantiated. Proceedings against the company and its directors have been dismissed. This decision impacts the company’s financial reporting and market standing.
Brigade Enterprises shares rally 10% after bonus issue. Here’s why you can ignore the 22% plunge
Brigade Enterprises shares appeared to plunge 22% on Wednesday after adjusting for its 1:3 bonus issue, but the decline was purely technical and did not erode shareholder value. After opening at the adjusted price of Rs 559.70 against the previous close of Rs 720.25, the stock rallied about 10% to an intraday high of Rs […]