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Source: Live Mint Shares of two-wheeler majors have been under severe pressure in recent months, underperforming the market and sliding to levels not seen in a long time. This has raised investor concerns about a potential rebound in these stocks, as some are now trading at discounts of up to 42% from their peaks. Bajaj…
Source: Live Mint Maintaining their winning run for the fourth consecutive trading session, shares of Polycab India, the country’s largest cables & wires company, jumped another 3.5% in today’s intraday trade, March 5, reaching ₹5078 apiece after global brokerage firm Morgan Stanley maintained its bullish view on the company, citing the continued demand in the…
Source: Live Mint The IPO of Nukleus Office Solutions, which opened for bidding today, February 24, saw moderate investor interest, with the issue being subscribed 0.13 times as of 2:00 a.m., according to exchange data. The retail investor segment was subscribed 0.14 times, while the non-institutional investor (NII) category received a 0.01 times subscription. The…
Source: Live Mint D-Street Ahead: Domestic equity benchmarks Sensex and Nifty 50 extended their losing streak for the fourth straight day to record weekly losses, dragged by auto, banking, and pharma stocks on uncertainty over the impact of US trade policy, weaker rupee against dollar and relentless foreign fund outflows. The frontline indices ended at…
Source: Live Mint Stock Market Today: Indian markets closed in the red once again, with minimal losses, as selling pressure in financial and IT stocks dragged the frontline indices lower, offsetting gains in metal and real estate stocks. It was the third straight decline for the market, but the losses were limited. The Nifty 50…
Source: Live Mint GlaxoSmithKline Pharmaceuticals Ltd (GSK) announced its financial results for the third quarter ended December 31, 2024, today, February 14, reporting an 18% increase in revenue from operations to ₹946 crore. The company reported a 400% YoY jump in its consolidated net profit to ₹229 crore. However, sequentially, profit declined by 9.1% as…
Source: Live Mint Readymix Construction IPO allotment: The allotment for Readymix Construction is expected to be finalised today, February 11. Investors can check their allotment status through the registrar, Bigshare Services, or on the NSE website. The IPO, which was open for subscription from February 06 to February 10, saw a healthy response from investors,…
Source: Live Mint Taking a breather after recent rally, stock markets closed lower on Wednesday as investors turned cautious ahead of the RBI’s monetary policy decision later this week and trade war concerns. The 30-share BSE Sensex declined 312.53 points or 0.40 per cent to settle at 78,271.28 with 21 of constituents closing down and…
Source: Live Mint Shares of Syrma SGS Technology, a leading Electronic Systems Design and Manufacturing (ESDM) company, have witnessed a sharp rebound, surging 34% over the past six sessions to the previous close of ₹563.45. The rally follows the company’s strong December quarter performance, which was released on January 28. The company’s performance over the…
Source: Live Mint Indian equity markets struggled to gain traction on Monday, December 9, as significant declines in FMCG and heavyweight stocks like Reliance Industries dragged the benchmark indices lower for the second consecutive session. While banking stocks, particularly from the HDFC Bank and the IT pack, provided some support to the market, they were…
