Domestic brokerage house SMIFS believes Yatharth Hospital and Trauma Care Services is poised for growth with rising occupancy and gains in average Revenue Per Occupied Bed (ARPOB). It has retained its ‘buy’ call on the stock with a target price of ₹650, implying an upside of 60 percent from its current market price of 406.75, … Read more
Shares of Finolex Cables surged over 25 percent in 2 sessions after the company posted better-than-expected results for the quarter ended March 2024 (Q4FY24). The stock jumped as much as 11.7 percent in intra-day deals on Monday to its record high of ₹1,433. This is the second consecutive session in which the stock hit a … Read more
Balkrishna Industries share price were locked in 5% upper circuit and touched 52-week high following strong Q4 results. The company’s profit after tax (PAT) for the quarter ended March (Q4FY24), jumped 88% year-on-year to ₹481 crore from ₹256 crore. Sequentially, the PAT grew 56%, as per the exchange filing. The Balkrishna Industries’s sales for Q4FY24 … Read more
In the third week of May, investors will keenly eye the ongoing the January-March quarter results for fiscal 2023-24 (Q4FY24), domestic and global macroeconomic data, foreign fund outflows, crude oil prices, and global cues. Domestic equity benchmarks declined two per cent during the past week, logging their worst since mid-March and snapped two straight week … Read more
The stock market experienced volatility throughout last week, ultimately ending nearly unchanged amid conflicting signals. While the overall sentiment was positive initially, fluctuations in global markets coupled with declines in certain major stocks offset much of the gains. Also Read: US Fed to hold rates at 23-year high-mark until inflation cools, slows pace of balance … Read more
Shares of REC surged 9.5 percent in intra-day deals today, May 2 to hit a new high of ₹555.45 on the back of strong March quarter (Q4FY24) results. Including today’s rally, the stock has extended gains for the eighth straight session, soaring 30.5 percent in this period. The PSU (public sector undertaking) company posted a 33 … Read more