NBCC shares jump 5% after securing new orders worth over Rs 110 crore
NBCC’s shares gained after the company secured multiple new project orders across Tamil Nadu, Agra, and Jharkhand. Strong yearly gains, premium valuations, and bullish technical indicators support sentiment. Order inflows, stable momentum, and sustained sector demand continue to reinforce investor confidence in the company’s growth outlook.
Groww shares jump over 3%, extend gains for second session. What’s fuelling the rally in Billionbrains?
Groww’s parent, Billionbrains Garage Ventures, rebounded after a sharp fall, supported by strong profitability, high margins and rapid scalability. Despite steep valuations and potential regulatory risks, demand remains firm due to digital dominance and efficient operations. Investor enthusiasm follows heavy FOMO-driven post-listing gains and strong institutional interest during the IPO.
Natco Pharma, 3 other pharma stocks decline up to 2.5% after important inspections at their units. Do you own?
Indian pharmaceutical stocks, including Lupin, Shilpa Medicare, and Natco Pharma, are under scrutiny following recent USFDA inspections at their manufacturing sites. These audits yielded regulatory observations, prompting companies to address the findings. Alkem Laboratories, however, reported no critical issues from a separate Armenian health ministry audit at its Sikkim facility.
HG Infra shares surge 6% after winning Rs 1,415 crore metro rail contract
HG Infra shares: The company, in joint venture with Kalpataru Projects, has become the L-1 bidder for a ₹1,415 crore Maharashtra Metro Rail project. HG Infra will execute 40% of the work, while Kalpataru will handle the remaining 60%.
PSU bank stocks losing momentum, wait for dips before going long: Anand James
PSU bank stocks are showing signs of exhaustion after a strong rally, with indicators like Shooting Star candles and MACD crossovers suggesting a potential pullback. Investors are advised to wait for dips before turning bullish again. Nifty Bank also witnessed an evening star formation, hinting at possible downside moves.
Gold dips as dollar firms on reduced rate-cut prospects
Gold prices fell on Monday. A strong US dollar near six-month highs impacted the precious metal. Hopes for a December interest rate cut by the US Federal Reserve diminished. This development is significant for investors. Other precious metals like silver, platinum, and palladium also saw price movements. Investors are closely watching economic indicators.
Oil falls as Ukraine peace talks edge toward a solution
Oil prices are falling again. Peace talks between Russia and Ukraine are moving forward. This could lead to more Russian oil entering the market. The U.S. dollar is also getting stronger. This makes oil more expensive for many countries. Investors are watching these developments closely.
Excelsoft Technologies IPO allotment: How to check status on MUFG Intime India and BSE as GMP stays decent
Excelsoft Technologies’ Rs 500 crore IPO allotment status is out Monday after strong demand, with subscriptions reaching 45.46 times. The education-tech SaaS firm, boasting global clients and AI-driven platforms, saw significant interest from all investor categories. Investors can check their allotment online, with shares expected to list Wednesday.
Negative Breakout: These 8 stocks cross below their 200 DMAs
In the Nifty200 pack, 8 stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on November 21, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a […]
Quarter the 13th: Banks feel the squeeze as margins get tight
Indian banks witnessed their first operating profit decline in 13 quarters during July-September, primarily due to sluggish net interest income growth. This dip, a 1% year-on-year fall to ₹1.5 lakh crore, stemmed from faster loan repricing downwards than deposits, squeezing margins. Analysts anticipate this contraction phase is nearing its end, with stabilization expected soon.