BUSINESS
If US Fed wants to be true to inflation target, it should hike: Mohamed El-Erian
At its last meeting, the US central bank raised funds rate by 25 basis points to a range of 5 to 5.25 percent, the highest since 2007. The Federal Open Market Committee is to meet on June 13
BUSINESS
Unprecedented Optimism: Is This the Most Disliked Bull Market in History?
Despite the Russia-Ukraine war, high inflation, soaring interest rates, and concerns of an impending recession, the S&P 500 and Nasdaq 100 have surged significantly.
BUSINESS
Hero Motocorp Ltd jumps 3% on the back of robust growth in sales
Hero Motocorp Ltd stock has considerably underperformed the benchmark Nifty50 index over the past 5 years. The Hero Motocorp Ltd stock has lost 21.36 percent of its value over the last 5 years. Whereas, the benchmark Nifty50 index has given a return of 71.96 percent over the same period.
BUSINESS
TVS Motor Company registers sales growth of 9% to 330,609 units in May 2023
Total two-wheelers registered a growth of 11 percent with sales increasing from 287,058 units in May 2022 to 319,295 units in May 2023.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FIIs) sold shares worth Rs 71.07 crore, whereas domestic institutional investors (DIIs) bought shares worth Rs 488.93 crore on June 1, provisional data from the National Stock Exchange shows.
BUSINESS
3M India jumps 3%, hits 52-week high on strong Q4 results
On a 5-year basis the 3M India stock has given a return of 33.42 percent. Thus underperforming the benchmark Nifty50 index by a considerable margin.
BUSINESS
RBL Bank jumps 6% after analyst meet
RBL Bank has significantly underperformed the benchmark Nifty bank index over the last 5 years. The stock has lost 67 percent of its value over the last 5 years.
BUSINESS
South Indian Bank spurts 6% as board approves candidates for top positions
South Indian Bank Ltd stock has considerably underperformed the benchmark Nifty Bank index over the last 5 years. The bank stock has lost 24.78 percent of its value, while the Nifty Bank benchmark index has given a return of 63.70 percent over the same duration.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FIIs) bought shares worth Rs 3,405.90 crore, whereas domestic institutional investors (DIIs) sold shares worth Rs 2,528.52 crore on May 31, provisional data from the National Stock Exchange shows.
BUSINESS
India to replicate its success in autos to electronics. Which stocks capture this growth story?
While establishing a robust electronics and semiconductor ecosystem is a long-term effort, rising demand, low manufacturing costs, fiscal support, and goodwill with Western nations are in India’s favour. But supply chains need to be strengthened and strong tech partnerships forged.
BUSINESS
Royal Orchid Hotels trades down 5% despite 83% spike in Q4 net profit
On consolidated basis for FY23 the company reported the total income of Rs 279.69 crores vs Rs 155.93 crore for the previous year. Thus, registering a jump of 79 percent YoY.
BUSINESS
Tega Industries shares jumps 9% to 52-week high on solid Q4 numbers
Tega Industries Ltd was listed on December 13, 2021 on BSE. Since listing the stock has given a return of 44.59 percent.
BUSINESS
Allcargo Logistics Ltd drops 4% post muted Q4 results
Allcargo Logistics Ltd declared its Q4 results today. According to the filing with BSE, the company's revenue for FY23 declined 5.3 percent YoY from 19,062 crore to 18,051 crore.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FIIs) bought shares worth Rs 2,085.62 crore, whereas domestic institutional investors (DIIs) sold shares worth Rs 438.93 crore on May 30, provisional data from the National Stock Exchange shows.
BUSINESS
Time Technoplast Ltd drops 2% post Q4 results
Time Techno shares has lost 8.97 percent of its value over the last 6 months and 14.51 percent of its value over the last 12 months. Thus, considerably underperforming the benchmark Nifty50 index which has given a return of 0.02 percent over the last 6 months and 11.74 percent over the last one year.
BUSINESS
Eureka Forbes spurts 6% post solid Q4 numbers
On consolidated quarterly basis, Eureka Forbes reported net sales at Rs 508.58 crore in March 2023 up 35.92 percent from Rs 374.17 crore in March 2022.
BUSINESS
NBCC (India) Ltd jumps 4% post robust Q4 results
NBCC (India) Ltd stock has considerably underperformed the benchmark Nifty50 index over the last 5 years, losing 51.73 percent of its value. Whereas the Nifty50 benchmark index has given a return of 74.07 percent in the same period.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FIIs) bought shares worth Rs 1758.16 crore, while domestic institutional investors (DIIs) purchased shares worth Rs 853.57 crore on May 29, provisional data from the National Stock Exchange showed.
BUSINESS
Sundaram Finance hits 52-week highs on the back of robust Q4 results
Brokerage firm B&K Securities has given a 'hold' rating on Sundaram Finance. The target price given by the firm is Rs 2680 per share.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
The SGX Nifty indicates a positive start for the broader index with a gain of 83 points on Monday. Asian shares and US stock futures gain on the weekend deal by US President Joe Biden and congressional Republican Kevin McCarthy to suspend the government's debt ceiling, ending a months-long stalemate and angst for investors
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FIIs) bought shares worth Rs 589.10 crore, while domestic institutional investors (DIIs) purchased shares worth Rs 338.44 crore on May 25, provisional data from the National Stock Exchange showed.
BUSINESS
CEOs concerned about US' economic outlook, structural challenges
While Goldman Sachs' economic research team believes in the possibility of a soft landing, CEO David Solomon acknowledges the tightening economic conditions and potential lag effects. He, however, remains optimistic that any potential recession will be shallow
BUSINESS
Asian Granito India drops 4% after weak Q4 numbers
Asian Granito's consolidated basis, revenue from operations for the March quarter came in at Rs 455.5 crores, registering a 5 percent decline over the year-ago period
BUSINESS
Trident Ltd down 6% after Q4 profit slides 28.4%
Sluggish domestic sales for Trident continued from the previous quarter, when India’s textile industry faced cuts in customer spending on inflationary pressures and saw a decline in exports for five straight months
