11:19 AM
ALERT :: NSE to launch 1 paisa tick size for all stocks below Rs 250
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11:05 AM
>> The company has successfully tested and supplied 220 MVA, Electric Arc Furnace Transformer, the world’s third-largest.
>> This transformer is supplied to one of the world’s leading companies engaged in production of steel plant.
10:50 AM
Centre targets Rs 10,000 crore from monetisation of ports in FY25
The Ministry of Ports, Shipping and Waterways has submitted a monetisation pipeline of Rs 10,000 crore, consisting of five-seven projects, to NITI Aayog — the central think tank and nodal government body for asset monetisation — according to a senior government official.
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10:38 AM
F&O Alert: These 3 Nifty stocks trade with high PCR; check key levels here
Technically, the NSE Nifty 50 index has recovered smartly from a mid-month correction, and is up 5.2 per cent (1,136 points) from its recent low of 21,821 hit on 13th May. The Nifty hit a record high at 23,026 on Friday, 24th May, 2024.
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10:23 AM
This shipbuilding stock has zoomed 76% in 10 days; at new high post Q4 nos
In the past 10 trading days, Cochin Shipyard stock has zoomed 76 per cent. In the past six weeks, the stock has nearly doubled or skyrocketed 99 per cent from a level of Rs 1,056.90 on April 15. At 09:20 AM; Cochin Shipyard traded 7 per cent higher at Rs 2,044.10, as compared to 0.21 per cent rise in the S&P BSE Sensex.
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10:09 AM
As we move into the last week of trade before election results, the market is near record highs. Sharp short covering in index futures and huge delivery based buying in frontline stocks like HDFC Bank have contributed to the strength of the market.
Even though Nifty is near record highs, Bank Nifty is 2% away from its peak. This indicates the potential of frontline banking stocks to move up further.
Another positive for the market is that the FII selling which weighed on the markets this month has declined sharply and FIIs even turned big buyers on Thursday.
The election related uncertainty may cause some volatility but is unlikely to cause any major jitters this week. The market is likely to largely discount the results before declaration on June 4th.
Views by: V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
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9:42 AM
Q4 result impact :: Kolte Patil declines 6% on weak nos
>> The company faced a decline in revenue by 34 per cent to Rs 526 crore, resulting in an Ebitda loss of Rs 18 crore and a net loss of Rs 26 crore.
9:37 AM
Q4 result impact :: Torrent Pharma rises 5%
>> The company saw a 10.2 per cent increase in revenue YoY, reaching Rs 2,745 crore
>> Ebitda surged by 21.5 per cent YoY to Rs 883 crore
>> The net profit saw a rise of 56.4 per cent YoY to Rs 449 crore.
>> The board proposed a final dividend of Rs 6 per share and aims to raise up to Rs 500 crore.
9:32 AM
Q4 result impact :: Divi’s Labs rises 4%
>> The pharma major’s net profit soared by an impressive 67.6 per cent year-on-year (YoY), reaching Rs 538 crore compared to Rs 321 crore.
>> Revenue also surged by 18 per cent to Rs 2,303 crore from Rs 1,951 crore year on year (YoY).
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