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Cipla zooms 9% on stronger-than-expected Q1; brokerages cheer, raise targets

Shares of major pharmaceutical company Cipla rose nearly 9% in early trading on July 27 after the company’s earnings for the April-June period beat expectations. Some brokerages also raised their price targets on the stock as they applauded the company’s impressive numbers for the quarter under review. While the company’s net income and revenue for …

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Robust listing | Netweb Technologies debuts with 88 percent premium

Market Update, Stock Market

Netweb Technologies started its first day of trading with a hefty premium of 88 on July 27, which was largely in line with expectations given the high number of IPO registrations and the prevailing optimism in the stock market. Shares opened at Rs 947 on the NSE against an issue price of Rs 500 a …

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Tech Mahindra drops over 4% after Q1 earnings; brokerages maintain cautious approach, here’s why

Market Update, Stock Market

Tech Mahindra shares fell more than 4% in early trading on July 27 on BSE, a day after the company reported Q1 2024 results. It hit a low of Rs 1097.25 per share. This stock has fallen for 5 consecutive sessions and is down 12.4%. Most brokerages downgraded Tech Mahindra Ltd and lowered their price …

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Amber Enterprises trades 3% lower on muted Q1 earnings

Market Update, Stock Market

Shares of Amber Enterprises India Ltd fell more than 3% to Rs 2,196.4 at 9:31 a.m. on July 26 after the company posted a series of weak results for the quarter ended June amid high demand. demand slows down. The company reported a 7% drop in operating revenue to Rs 1,702 billion in June 2023 …

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Tata Motors hits 52-week high on Q1 cheer, ‘A’ shares on fire

Market Update, Stock Market

Shares of Tata Motors Limited rose more than 3% to hit a new 52-week high at Rs 665 around 9:15 a.m. on July 26, with 22,000 shares traded on the NSE. The company’s board of directors approved the delisting of the DVRs and their replacement with common stock. Under the proposed plan, Tata Motors will …

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Brokerages predict gradual export recovery for Bajaj Auto but some headwinds sit in the way

Market Update, Stock Market

Bajaj Auto performed well in the April-June quarter, but that doesn’t seem to be enough for brokers to change their stance on the automaker. While brokers expect better times for Bajaj Auto in the coming quarters, they have also reported some headwinds that could derail the automaker’s growth trajectory. Brokers have seen signs of an …

Brokerages predict gradual export recovery for Bajaj Auto but some headwinds sit in the way Read More »

Yatharth Hospital IPO opens today: 10 things to know before you buy it

Market Update, Stock Market

Noida-based hospital chain Yatharth Hospital and Trauma Care Services is set to launch its first public offering. The Initial Public Offering (IPO) will be open for registration from July 26. Here are a few things an investor should know. 1) IPO date Bidding for the IPO will begin on July 26, and the last day …

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Asian Paints trades deeper into the red, brokerages send out mixed signals

Market Update, Stock Market

Shares of Asian Paints extended their losses on July 26 after revenue grew weakly 6.68% to Rs 9,182 crore in the April-June quarter. Shares fell 0.39% to Rs 3,387.3 at 9:17 am on the National Stock Exchange. On July 25, shares of Asian Paints closed down 4% on the NSE. Morgan Stanley has an “right …

Asian Paints trades deeper into the red, brokerages send out mixed signals Read More »

L&T wins orders but stock trades lower ahead of Q1 earnings, buyback proposal

Market Update, Stock Market

The company will publish its June quarter results on July 25. Hours before announcing expected first-quarter earnings for fiscal year 2024, Larsen & Toubro (L&T) trades slightly lower at the start of trading on July 25, despite orders for power transmission and distribution in India and abroad. At 10:13 a.m., Larsen & Toubro was trading …

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Aarti Surfactants soars 11% as Q1 net profit rises 30% YoY

Leave a Comment / Market Update, Stock Market

Shares of Aarti Surfactants jumped more than 11% in early trading on July 25, a day after the company posted increased net profit for the quarter ended June. The chemical company’s net profit from April to June rose 30% year-on-year (YoY) to Rs 5.2 billion from Rs 4 billion in the previous year’s base quarter. …

Aarti Surfactants soars 11% as Q1 net profit rises 30% YoY Read More »

Cipla zooms 9% on stronger-than-expected Q1; brokerages cheer, raise targets

Robust listing | Netweb Technologies debuts with 88 percent premium

Tech Mahindra drops over 4% after Q1 earnings; brokerages maintain cautious approach, here’s why

Amber Enterprises trades 3% lower on muted Q1 earnings

Tata Motors hits 52-week high on Q1 cheer, ‘A’ shares on fire

Brokerages predict gradual export recovery for Bajaj Auto but some headwinds sit in the way

Yatharth Hospital IPO opens today: 10 things to know before you buy it

Asian Paints trades deeper into the red, brokerages send out mixed signals

L&T wins orders but stock trades lower ahead of Q1 earnings, buyback proposal

Aarti Surfactants soars 11% as Q1 net profit rises 30% YoY

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