DYNAMIC CABLES SHARE PRICE
Chinese EV manufacturer BYD expands with $1 Billion Turkey factory. Will it threaten Elon Musk's Tesla?
Chinese EV manufacturer BYD is building a new factory in Turkey to grow its global footprint amid trade challenges, aiming to strengthen its position in the international electric vehicle market.
Telecom tariffs are decided by market dynamics, govt clarifies
Government stated it does not interfere with telecom rates, which are determined by market forces. Tariff changes are monitored by Trai. India offers some of the lowest mobile service costs globally.
Gold’s 13% uptick beats Nifty's H1CY24 gains. Who could hold the edge in second half?
HDFC Bank's shares surged approximately 3% to reach a new 52-week high on Wednesday. Investors reacted positively to news suggesting a potential increase in the bank's weightage in the MSCI Emerging Markets index. Doubling lenders' weightage in the global index can attract FII flows, ranging from $3.2 bn to $4 bn.
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 27.55 points up at 24169.5
KEC International shares jump 8% on winning order worth Rs 1,061 crore
KEC International's share price rose by 8% to Rs 829 after securing new orders worth Rs 1,061 crore. The company's YTD order intake is over Rs 3,000 crores, with a growth of 30% compared to last year.
PSU stocks feel poll result heat; Cochin Shipyard, Bharat Dynamics worst hit, fall up to 10%
PSU stocks like Cochin Shipyard and Bharat Dynamics fell by 10% following the BSE PSU index's 4% drop post Lok Sabha election results. Analysts remain positive on PSUs as they see government entities having an advantage.
Defence stocks fall up to 11% in early trade session amid tight election race
Defence stocks fell up to 11% on BSE as ruling NDA may get lower seats in Lok Sabha elections, impacting market sentiment.
TPG Asia sells entire stake in RR Kabel in Rs 958 crore block deal
Marquee funds, including Edelweiss MF, Tata MF, Goldman Sachs, Citigroup, Morgan Stanley, ICICI Pru MF, Blackstone Aqua, Reliance Nippon Life, and HDFC Standard Life, among others, bought stakes in the transaction.
R R Kabel shares zoom 6% after posting 20% YoY jump in net profit. Should you invest?
R R Kabel's shares surged 6% on BSE to Rs 1,820.80 after reporting a 20.6% YoY increase in profit after tax to Rs 78.7 crore. The company's revenue rose 15.7% YoY to Rs 1,754 crore, with EBITDA margin at 6.6%.
Havells now selling made-in-India ACs, cables & lighting products in the US
Havells India has begun selling its made-in-India air conditioners, cables, and lighting products in the US, marking the first Indian electronic manufacturer to launch its own brand there, said chairman Anil Rai Gupta. The company plans to invest Rs 1,000 crore this year to expand capacities and explore AC compressor manufacturing. In 2023-24, it invested Rs 700 crore on capex
Dollar ebbs as markets await key global inflation reports
The dollar weakened on Tuesday awaiting key inflation data for global interest rate guidance. Euro held steady despite dovish ECB comments. GBP and NZD gained, with focus on US PCE price index report on Friday.
View: Central banks are moving over to the yellow metal to de-dollarise and tackle global uncertainty
Gold prices have surged to a record high of $2,400/oz, driven by uncertainty rather than demand. Central banks have significantly increased their gold holdings, with a notable shift towards ETF investments.
Technical Breakout Stocks: Bharat Dynamics, Finolex Cables & Cochin Shipyard hit record highs; trading tips for Monday
The domestic market closed flat after hitting record highs with S&P BSE Sensex reaching 75,636 and Nifty50 at 23,026. Buying was seen in public sector stocks while selling was seen in other sectors.
Will Nifty Bank hit 50,000 next week? Rupak De of LKP Securities reads the charts
“Nifty witnessed a clean breakout above its prolonged consolidation on the daily timeframe, suggesting a surge of renewed optimism,” says the senior technical analyst
RVNL, HAL among 24 BSE 500 stocks with double-digit returns this week. Over 220 stocks end in red
Last week was eventful, though truncated. The BSE 500 index ended with an uptick of 664 points or 2%, following the footsteps of the headline index S&P BSE Sensex that gained 1,500 points or 2% to hit an all-time high of 75,636. The two defence PSU counters and railway play RVNL ended the week with an uptick of 35%, 32% and 27%, respectively.
Bharat Dynamics shares zoom 17% to new all-time high after 1:2 stock split
Shares of BDL surged 17% to a 52-week high of Rs 1,650 post stock split in 1:2 ratio, reducing face value from Rs 10 to Rs 5 per share. BDL informed about the split following Regulation 42 of SEBI. The company will announce Q4 results and FY24 dividend on May 31. The stock price has quadrupled in the last year.
Bharat Dynamics shares zoom 46% in 6 days ahead of proposed 1:2 stock split
Shares of the PSU stock Bharat Dynamics Limited (BDL) have witnessed a remarkable surge, increasing by a little over 46% in the past six days. On Tuesday, the stock rose by 10% on the BSE, reaching a new all-time high of Rs 2,689. This surge in share price comes as the company approaches its record date for a 1:2 stock split, scheduled for May 24th.
Defence stocks: Stay bullish, just hedge a bit to avoid narrative-based decisions; 4 stocks with upside potential of up to 33%
One of the sectors which has seen strongest re-rating in the last four years has been defence. Now in the last few days, the way markets have corrected and a narrative has come on the street that it is poll jitters which is making FPI sell, without realizing the fact that after a strong phase of upward movement, the global money tends to move in one from one country to another, especially in emerging market segment, it might lead to a situation where one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate.
Stock Radar: 100% in 1 year! Should you book profit or buy this defence stock which hit record high in April?
The defence stock moved in a narrow range in February 2024, where levels below 2,000 acted as a stiff resistance while on the downside 1,500 acted as a strong support. It took support above 1,500 levels once in February 2024 and then again in March 2024, creating a double bottom pattern.
Load More
