1:01 PM
Budget Watch: Sitharaman likely to address banking, insurance reforms
As Finance Minister Nirmala Sitharaman prepares to present her seventh consecutive Budget later this month, she will have to take a call on issues related to banking and insurance. READ MORE
New Delhi: Union Minister Nirmala Sitharaman at the Parliament House complex during the first session of the 18th Lok Sabha, in New Delhi, Wednesday, June 26, 2024. (Photo: PTI)
12:38 PM
Asian stocks notch records, pound stable after Labour Party’s victory
Asian share markets scaled new highs on Friday as investors sized up US rate cuts for September and the mood was upbeat, while the euro hit a three-week peak ahead of French elections. READ MORE
12:27 PM
Healthcare at new high; Lupin, Glenmark among 5 stocks for up to 15% upside
5 breakout pharma stocks: Glenmark, Lupin, Laurus Labs, Dr Lal PathLabs and Zydus Life can potentially rally up to 15 per cent, suggest charts. READ MORE
12:15 PM
Nephro Care IPO makes bumper debut on NSE SME; lists at 90% premium
Nephro Care India’s IPO aimed to raise Rs 41.26 crores, consisting solely of fresh issue shares of around 4.58 million shares. The IPO’s price band was set between Rs 85 and Rs 90 per share, with a minimum lot size of 1600 shares requiring an investment of Rs 1,44,000 for retail investors. READ MORE
11:50 AM
Ahluwalia Contracts stock hits all time high on order win from AAI; up 18%
Ahluwalia Contracts (India) Ltd began its journey in 1965 as an EPC company. It was formally incorporated on June 2, 1979, acquiring the operations of four construction partnership firms the following month. By September 1990, it transitioned into a Public Limited Company. READ MORE
11:39 AM
BEML zooms 18%, hits all-time high in weak market on healthy outlook
BEML has three business verticals. In the financial year 2023-24 (FY24), Defence & Aerospace contributed 19 per cent of the total revenue, Rail Metro contributed 38 per cent, and Mining and Construction contributed 43 per cent. The company has a total order book position of Rs 11,872 crore as on March 31, 2024. READ MORE
11:24 AM
ALERT :: Zaggle Prepaid enters into an agreement with Hero Motocorp
>> Zaggle would provide Hero Motocorp Limited the Zaggle Save (Employee expense management & benefits)
>> Tie period of this agreement is from July 4, 2024 till the termination of Agreement
10:55 AM
How to trade Raymond stock as board okays biz split; key levels to watch
Last close: Rs 2,940
Upside Potential: 23.5%
Support: Rs 2,862; Rs 2,780; Rs 2,700
Resistance: Rs 3,173
Raymond stock has witnessed a sharp rally of over 65 per cent post its trend line resistance breakout on the weekly chart in mid-April. Overall, the stock has zoomed 109 per cent in the last seven months, and traded in a range of Rs 1,488 – Rs 3,150 READ MORE
10:42 AM
Analysts positive on new age cos ahead of Q1 FY25 results; Zomato top bet
According to Nuvama, Zomato is expected to post a strong growth in Q1FY25, with expected revenue increasing by 11.5 per cent quarter-on-quarter (Q-o-Q) and a whopping 64.4 per cent year-on-year (Y-o-Y). Specifically, the adjusted revenue from their food delivery business is anticipated to grow by 5.3 per cent Q-o-Q and 23.9 per cent Y-o-Y, while Blinkit, their qCommerce segment, is forecasted to grow 29 per cent Q-o-Q. READ MORE
10:31 AM
ALERT :: Q1FY25 recorded consolidated revenue growth of approximately 27%, says Kalyan Jewellers
>> We saw revenue growth of approximately 29% for our India operations during Q1 FY2025 as compared to Q1 FY2024, led by robust operating momentum on the ground with healthy same-store-sales-growth of approximately 12%.
>> In the Middle East, we witnessed revenue growth of approximately 16% when compared to the same period in the previous financial year, driven largely by same-store-sales growth. Middle East contributed ~15% to our consolidated revenue for the recently concluded quarter.
10:12 AM
Raymond rallies 7% as Board approves vertical demerger of real estate biz
The stock had hit a record high of Rs 3151.75 on July 1. Besides, it has bounced back 66 per cent from its previous month’s low of Rs 1,890 touched on June 4. At 09:30 AM, Raymond was trading 3 per cent higher at Rs 3,041 as compared to 0.68 per cent decline in the BSE Sensex. READ MORE
