In atleast 30 stocks, mutual funds have increased their stake consistently in the last three quarters, and their bullish stance alongwith the positive market sentiment saw around 11 of them giving multibagger returns in the last 10 months. What’s also interesting to note is that all the 30 companies have reported atleast 20% year-on-year (YoY) … Read more
MRF, India’s highest-priced stock, reached a new milestone on Wednesday by hitting a share price of Rs 1.5 lakh. This comes after a 10% rally since June 2022 when the stock had hit Rs 1 lakh, marking the first time an Indian stock has achieved this feat. During Wednesday’s trading session, a total of 27,248 … Read more
GIFT Nifty on the NSE IX traded 10.5 points, or 0.05 per cent, higher at 21,788, signaling that Dalal Street was headed for positive start on Monday. Here’s a slew of stocks that will be in focus today for various reasons. Here’s a slew of stocks that will be in focus today for various reasons. … Read more
Shares of cement stocks on Wednesday rallied up to 5% after Japanese broking firm Nomura upgraded four of them and raised their target prices. Stating that the cement momentum will continue in India, Nomura has upgraded Ultratech to buy from neutral with a target price of Rs 11,500. Dalmia Bharat’s target has been raised to … Read more
Shree Cement’s consolidated net profit more than doubled to Rs 447 crore in the three months to September 2023. This compares with Rs 183 crore in the previous year period. Revenue from operations in the reporting second quarter jumped 19% year-on-year (YoY) to Rs 4,800 crore, compared with Rs 4,038 crore in the year-ago quarter. … Read more