One of the biggest jewellery companies in India, Kalyan Jewellers India, saw its shares soar 8.3% in early morning trading to hit ₹589.45 a share, after news broke of five sizable block deals for ₹3,585 crore on August 22. An estimated 6.6 crore shares, or 6.4% of the jewellery company, were reportedly swapped today at … Read more
During Thursday morning trading, shares of the Indian Renewable Energy Development Agency (IREDA) saw a significant increase following the announcement of the board of directors meeting to discuss and approve the rise. In comparison to Wednesday’s closing price of ₹238.95 per share, the IREDA share price today opened with an upside gap at ₹246 apiece … Read more
After Paytm announced that it would sell its tickets and entertainment division to food delivery service Zomato for ₹2,048 crore, the financial giant’s share price increased by more than 5%. The BSE saw a 5.47% increase in Paytm shares to ₹604.45, and a 2.71% increase in Zomato shares to ₹267.00 each. Zomato will purchase One … Read more
After UBS, an international brokerage, began covering Shyam Metalics and Energy, the company’s share price increased by 10% and reached a 52-week high. Shyam Metalics and Energy has received a Buy rating from the global brokerage house, which highlights the company’s strong growth and transformational trajectory. UBS has established a target price of ₹1,200 per … Read more
When US payrolls were revised sharply lower, bond yields dropped, supporting expectations that the Federal Reserve would slash interest rates in September. Shorter maturities drove the increase in treasuries across the curve. A 100 basis point easing in 2024 is what swap traders are pricing in. According to the contracts’ implied rate, traders anticipate a … Read more
Investors evaluated the prospects for interest rates as data revealed that US employment growth in the year ending in March was likely far worse than previously reported, which led to a rise in European equities. At the close, the Stoxx Europe 600 was up 0.3%. The largest laggards were communications equities, with gains coming primarily … Read more
Ahead of the Jackson Hole symposium later this week and the release of the minutes from the Federal Reserve’s most recent policy meeting, US markets were neutral on Tuesday. Investors will try to look for hints from the two incidents at the September monetary policy meeting. The S&P 500 gained 5.71 points, or 0.10 per … Read more
Multibagger Genus Power Infrastructures’ stock is making headlines today as the company said that orders totalling Rs 3,608.52 crore were placed with its fully-owned subsidiary. On Tuesday, the power stock closed at Rs 417.50 on the BSE, 2.27% higher than its previous closing of Rs 408.25. Genus Power’s market value increased to Rs 12,681.75 crore. … Read more
On Wednesday, August 21, a few equities would go ex-dividend, including Hindustan Aeronautics Ltd (HAL), KPI Green Energy Ltd, Snowman Logistics Ltd, Engineers India Ltd, and Pfizer Ltd. Credo Brands Marketing Ltd., ISGEC Heavy Engineering Ltd., Gateway Distriparks Ltd., Symphony Ltd., and Bharat Bijlee Ltd. were among the others. The ex-dividend date for HAL is … Read more
Shares of Tata Power Company Ltd. are under scrutiny on Wednesday morning following an upgrade to ‘BBB-‘ from ‘BB+’ by S&P Global Ratings for the Tata group company’s issuer credit rating. The ratings agency stated that Tata Power has a bright future ahead of it. This goes against its June 13, 2024, “CreditWatch with positive … Read more
