IDBI Bank shares rallied nearly 8 percent on March 21 with trading volumes double the 20-day average, pushing the stock to a nine-week high for the fifth consecutive session. According to DIPAM Secretary Arunish Chawla, the disinvestment process of IDBI Bank is still on and is expected to be finalised in the next three months….
Shares of Zee Entertainment Enterprises Ltd (ZEEL) rose 6% on March 20 after brokerage firm CLSA sees stock price doubling in the next 12-24 months. The foreign brokerage believes advertising revenue-led growth could lead to a rerating of the stock, as it suggested a target price of Rs 170. Zee’s EBITDA margin has grown 9…
New Delhi, March 20: Aluminium prices on Thursday rose by 45 paise to Rs 262.10 per kg in the futures market due to fresh deals by speculators amid positive trend in the spot market. The price of aluminium contract for April delivery on the Multi Commodity Exchange rose by 45 paise or 0.17 per cent…
Tata announces price hike: Prices of Tata Motors passenger and commercial vehicles are set to rise from April 2025. According to the company, the price hike is necessary to mitigate the impact of rising input costs. The extent of the price hike will depend on the make, model and variant of the vehicle. Tata Motors…
Centum Electronics shares rose over 5 percent on March 17 and closed at Rs 1,350 per share. This development comes after the company announced that it has raised Rs 210 crore through its qualified institutional placement (QIP). Notably, Prashant Jain’s 3P India Equity Fund acquired 3.52 percent stake (over 5.17 lakh equity shares) in the…
SINGAPORE – Singapore’s non-oil domestic exports rose 7.6% in February from the same month last year, government data showed on Monday, boosted by growth in sales of both electronics and non-electronics. The increase was against a Reuters poll forecast of an 8.7% rise and followed a 2.1% decline in January.The statement from Enterprise Singapore did…
Tata Steel shares rose 2 percent on March 13 to become one of the top gainers in the Nifty 50 after JPMorgan raised its target price for the stock. International brokerage JPMorgan raised its price target for the stock to Rs 180, implying an upside potential of about 20 percent from Wednesday’s closing price. Further,…
Silver exchange traded funds have seen a massive surge in assets under management in less than three years, crossing the ₹13,500 crore mark in January 2025. SEBI allowed asset management companies to launch silver ETFs in November 2021. Since then, silver ETFs have seen massive growth. In January 2022, AUMs were Rs 123 crore and…
Shares of Indusind Bank Ltd tumbled 20% on Tuesday after the bank discovered discrepancies in its derivatives portfolio during an internal review. The detailed review revealed that the bank’s total assets are estimated to be adversely impacted by about 2.35% by December 2024, equivalent to a potential loss of Rs 1,530 crore. The bank’s total…
New Delhi, Retail sales of electric passenger vehicles grew 19 per cent to 8,968 units in February, with Tata Motors topping the segment, according to data released by dealers’ body FADA.Total electric passenger vehicle retail sales stood at 7,539 units in the same month last year.Tata Motors sold 3,825 units last month, while MG Motor…
