RITES Shares Skyrocket 5% After Securing $9.7 Million Deal with Guyana – What’s Next for Investors?

RITES Shares Skyrocket 5% After Securing $9.7 Million Deal with Guyana – What’s Next for Investors?

Shares of RITES Ltd. made headlines today after the firm announced that it had received a $97.13 million order from the Co-operative Republic of Guyana’s Ministry of Public Works. The Palmyra Highway is to be upgraded to Moleson Creek Highway. On Friday, RITES stock rose 2.99% to Rs 296 from its previous close of Rs … Read more

MCX Shares Soar Over 8%, Breach ₹7,000 Mark for the First Time

MCX Shares Soar Over 8%, Breach ₹7,000 Mark for the First Time

The stock price of the Multi Commodity market of India (MCX), the nation’s top commodity derivatives market, surged 8.6% on Friday to hit a remarkable Rs 7046.70 on the Bombay Stock Exchange (BSE). With MCX surpassing Rs 7,000 for the first time in its history, this is a noteworthy milestone. The exchange’s remarkable expansion and … Read more

RBI Monetary Policy: FY25 GDP Growth Pegged at 6.6%

RBI Monetary Policy: FY25 GDP Growth Pegged at 6.6%

Governor Shaktikanta Das of the Reserve Bank of India (RBI) stated on Friday that the real GDP growth for 2024–2025 is now anticipated to be 6.6%, with Q3 and Q4 growth rates of 6.8% and 7.2%, respectively. For the current fiscal year, the RBI had previously predicted that the Indian economy would rise by 7.2%. … Read more

Solar Glass Boom: Borosil Renewables Soars 8% After India’s Anti-Dumping Duty Move!

Solar Glass Boom: Borosil Renewables Soars 8% After India’s Anti-Dumping Duty Move!

In an attempt to stop unfair trade practices and shield domestic manufacturers from the effects of lower-priced imports, the Ministry of Finance announced a provisional anti-dumping duty on imports of textured tempered coated and uncoated glass from China and Vietnam. This move caused Borosil Renewables’ shares to jump as much as 7.8% on Friday to … Read more

Mishtann Foods Plunges 20%: SEBI Ban Sparks Investor Panic!

Mishtann Foods Plunges 20%: SEBI Ban Sparks Investor Panic!

Mishtann Foods was prohibited by the market watchdog on Thursday from raising any public funds for seven years due to alleged serious financial statement fraud. In addition, the managing director and a number of other directors are not allowed to access the securities market until additional directives are given. The Securities and Exchange Board of … Read more

Nykaa Shares Dip as Fashion CEO Nihir Parikh Resigns Amid Sluggish Growth!

Nykaa Shares Dip as Fashion CEO Nihir Parikh Resigns Amid Sluggish Growth!

Nihir Parikh, the CEO of Nykaa Fashion, resigned from his position at the beauty and fashion shop on Thursday, according to a stock exchange filing, which caused Nykaa shares to drop as much as 1.1% on Friday to Rs 165.70 on the BSE. Parikh stated in his letter of resignation that he was leaving his … Read more

Vodafone Idea in Spotlight: Board Weighs ₹2,000 Crore Lifeline from Vodafone Group!

Vodafone Idea in Spotlight: Board Weighs ₹2,000 Crore Lifeline from Vodafone Group!

Vodafone Idea said Wednesday that its board will meet on December 9 to explore a plan to raise up to Rs 2,000 crore by giving preference to Vodafone Group companies when issuing convertible instruments or equity shares. A notification to the exchanges said that this proposed fundraising will be a part of the board’s routine … Read more

Reliance Shares Surge 8% in 10 Days: Can the Rally Continue?

Reliance Shares Surge 8% in 10 Days: Can the Rally Continue?

After a 20% drop from July to October, Reliance Industries’ stock has increased by 8% over the past ten trading days. Analysts remain optimistic despite recent downturn, pointing to Jio’s growth possibilities, the company’s new energy sector, and a possible recovery in refining margins. With target prices between ₹1,468 and ₹1,662, international brokerages such as … Read more

Victoria’s Secret Soars 13% to 2-Year High on Strong Q3 Forecast!

Victoria’s Secret Soars 13% to 2-Year High on Strong Q3 Forecast!

On Friday, Victoria’s Secret & Co. surged to its highest level in over two years, indicating that the biggest US lingerie manufacturer’s recovery is gathering momentum. Victoria’s Secret stock increased by up to 13%, reaching its highest point since May 2022, before reversing part of the gains. Through Thursday’s closing, the stock had already gained … Read more

Maruti Suzuki Gains 1% as Price Hike Drives Investor Optimism!

Maruti Suzuki Gains 1% as Price Hike Drives Investor Optimism!

The Indian automobile industry is facing considerable challenges as input and operating costs rise. Maruti Suzuki India (MSIL), the country’s largest passenger car manufacturer, has announced a price rise for its automobiles, following other automakers. The corporation confirmed that vehicle costs will climb by up to 4% starting in January 2025. This move coincides with … Read more