Shares of Mahanagar Telephone Nigam Limited (MTNL) soared by more than 13% during trading on Friday. This surge came after the company issued a clarification regarding its bond repayment obligations, alleviating investor concerns and boosting market sentiment around the stock. Key Developments The sudden rise in MTNL’s stock price was triggered by the company’s confirmation … Read more
Stock Performance Highlight Tata Teleservices (Maharashtra) Ltd (TTML) shares experienced a decline of 1.5% during intraday trading on Friday, reaching an intraday low of ₹84.05 on the National Stock Exchange (NSE). As of 11:56 AM, heavy trading activity was observed, with 32.044 million shares traded on the NSE and an additional 1.7 million shares changing … Read more
Comprehensive Overview of Asian Paints Stock Performance Asian Paints, one of India’s leading paint manufacturers, continues to attract attention from investors amid market fluctuations. As of December 13, 2024, the stock is trading at ₹2,392.45, reflecting a marginal increase of 0.36% during intraday trading. With a market capitalization of ₹2,29,771.03 crore, the company holds a … Read more
Indian Oil Corporation Limited (IOCL) shares experienced a 3% rise to ₹145 during early trading hours on December 13, 2024, rebounding after a two-day losing streak. This positive momentum follows an upgrade by Jefferies, an international brokerage firm, which shifted its recommendation to “buy” and raised the stock’s target price, citing promising growth prospects. Jefferies’ … Read more
Reliance Industries Limited (RIL), a key player in India’s stock market, has witnessed a downward trend during today’s trading session, 13 December 2024. The company’s stock price dropped by 0.5%, closing at ₹1263.85 yesterday and currently trading at ₹1257.55. Investors are advised to keep a close watch on the stock’s performance in the upcoming days, … Read more
Sai Life Sciences Ltd’s initial public offering (IPO) is set to close today, December 13, 2024, marking the last opportunity for investors to participate in this much-anticipated public issue. Launched on December 11, the IPO has already been fully subscribed, showcasing strong investor interest. Sai Life Sciences aims to raise ₹3,042.62 crore through this book-built … Read more
Hindustan Unilever Limited (HUL) shares saw a positive movement today, with the stock trading at ₹2378.90, reflecting an increase of 1.47% from the previous close of ₹2344.55. This notable rise in share price has drawn attention from market participants, making HUL one of the stocks to watch closely in the consumer goods sector. Key Market … Read more
Global brokerage firm UBS has expressed a cautious outlook on select Indian banks and non-banking financial companies (NBFCs), driven by rising concerns over increasing non-performing loans (NPLs) and weakening portfolio quality. While the firm continues to favor certain leading banks, it has adjusted its target prices downward for several key players, signaling a mixed sentiment … Read more
Bharti Airtel, one of India’s leading telecommunications giants, has been witnessing dynamic shifts in its stock performance. The company’s shares are currently trading at ₹1,603.60, reflecting a 1.11% increase from the previous trading session. Investors are keenly observing these fluctuations as they weigh their strategies against broader market trends. Current Price and Short-Term Averages As … Read more
Vishal Mega Mart, a household name in India’s organized retail sector, is poised to make headlines with its upcoming Initial Public Offering (IPO) worth ₹8,000 crore. The IPO, set to open on December 11, is entirely an Offer for Sale (OFS) by its promoter Samayat Services LLP, with no fresh equity issuance involved. Despite mounting … Read more