Global Brokerage, Macquaire has given a rating of outperform to the 5th Largest IT company of India, LTI Mindtree but has reduced its target price from Rs.7050 to Rs.6250, Despite this cut, the revised targets suggest a potential upside of 34% from the April 16 closing price. Why This Cut from Macquarie? Macquarie noted that …
One 97 Communications Limited (OCL), the parent company of India’s leading payments and financial services app Paytm, received a green light from the National Payments Corporation of India (NPCI) to initiate user migration to new partner banks. This development, announced on April 17, 2024, signifies a significant shift for Paytm’s UPI (Unified Payments Interface) users …
Once a superstar stock of D-Street, it turned its role to become a struggler as the stock witnessed a correction of nearly 32% from December 2023 highs. It could be attributed to multiple reasons which include the average collections of Bollywood and Hollywood films have dropped 50% YTD according to Bollywood Hungama. PVR announced the …
The upcoming FY-25 can be a transformative year for Anil Agarwal-led metals, mining and energy conglomerate, Vedanta Ltd. as it sets clear plans for deleveraging and demerger the business into 6 different units. Business model The Anil Agarwal-led conglomerate has a portfolio of assets among Indian and global companies with metals and minerals – zinc, …
What Has Happened? In low-income countries where access to nutritious food is already limited, the addition of sugar to baby food worsens the existing health challenges. Babies need healthy, nourishing food to grow and develop properly, but sugar in their diet can lead to a host of health issues, including tooth decay, obesity, and an …
Today, the shares of Amara Raja Energy & Mobility Limited zoomed over 11%. Additionally, the stock hits a fresh 52-week high mark of Rs 979.05 apiece on BSE. Furthermore, the scrip witnessed a spurt in volume by more than 4.65 times. The company’s current market capitalization stands at Rs 17,726.01 crore. Share Performance: On Tuesday, …
Today, the shares of Patanjali Foods showcased significant strength in the trading session, rallying over 5% with significant volumes. Share Performance At the start of the day’s trading session, the stock opened at Rs 1315.15 per share, compared to the previous day’s closing figure of Rs 1335.50 per share on the BSE. Finally, the shares …
On Tuesday, the market saw its third consecutive session of decline for the first time in three months. The Sensex dropped significantly by 0.62%, closing at the level of 72,943.68, while the Nifty also experienced a decline of 0.56%, ending at 22,147.90. Among the top performing sectors were Nifty Media, Nifty FMCG, Nifty Pharma, and …
On April 16, 2024, Aditya Birla Capital (ABC), in an exchange filing, announced the launch of an omnichannel ABCD D2C platform to significantly accelerate its digital transformation journey. The diversified financial services conglomerate Aditya Birla Capital announced the launch of the omnichannel D2C platform ABCD, making “Everything Finance as Simple as ABCD”. Aditya Birla Capital …
These three equities gained significantly with price and volume activity during Tuesday’s trading sessions, indicating potential bullish action. Here’s an in-depth look. Dhani Service Ltd Dhani Services Ltd’s share price jumped sharply today, closing at Rs 48.6, up 16.83% from the previous close of Rs 41. The trading volume was high, reaching 41,676,754 shares. Currently …
