Shares of Kaynes Technology on Tuesday rallied 8.5% to its day’s high of Rs 5,052.25 after the company announced that Kaynes Semicon, a wholly owned subsidiary of the company received approval from the Union Cabinet for setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. “We wish to inform you that…
Domestic markets ended higher for the second consecutive week, although broader markets underperformed and market breadth favored declines. Stocks that were in focus include names like RailTel, which rose 5.81%, TVS Motor, which jumped 2.19%, and IREDA, whose shares gained nearly 1% on Friday. Here’s what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends…
Shares of the newly-listed Ola Electric Mobility on Monday jumped another 10% to hit a fresh 52-week high of Rs 146 on BSE following which the EV stock has now zoomed 92% from its IPO issue price of Rs 76. The rally, taking both long-term investors and positional traders by surprise, has catapulted the stock…
Backing markets regulator Sebi chief Madhabi Buch in the Hindenburg controversy, the mutual fund industry, as represented by AMFI, has issued a statement saying these are attempts to create sensation by connecting random events done in the past. “Left unchecked, it can create unnecessary hurdles in the path of the world’s fastest-growing economy. These statements,…
The first quarter earnings season is underway and as many as 225 companies will announce their numbers on Thursday. Key results to watch out include that of LIC, Eicher Motors, RVNL, SAIL, MRF and GRSE. Apart from the above, companies like ABB India, Agri-Tech, Astral, AstraZeneca India, Biocon, Birla Corp, Container Corp, Emkay Global, HCL…
Shares of companies like Glenmark Life Sciences, Hindustan Unilever and Lux Industries defied the bearish market sentiment as the Indian headline indices Nifty and Sensex tanked over 3% on Monday falling by over 800 and nearly 2,600 points respectively after following the global cues. Glenmark Life Sciences shares surged as high as 6.3% today, followed…
Technical Breakout Stocks: How to trade Raymond, Zensar Technologies and Granules India? Source link
Nifty ended with 0.4% gains in a week-long holiday shortened by Bakri Eid. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-truncated week are likely to impact them. “The Indian stock markets exhibited positive trends as the Sensex and Nifty indices both posted minor gains,…
Domestic markets scaled record highs again and are gradually expanding the gains achieved following the election outcome. “The is also taking cues from positive global market trends, with the US moving steadily towards the presidential election in November. Volatility has decreased over the month, which is contributing to a short-term trend,” said Siddhartha Khemka, Head…
Mumbai: India’s equity indices jumped over 3% on Wednesday, in a relief rally whiplash after the previous day’s 6% plunge that was triggered by the better-than-expected showing of the opposition alliance and the drop in the tally of the Bharatiya Janata Party (BJP) in the just-concluded generalelections.Stocks rebounded from oversold levels on growing expectations that…