UltraTech Cement recently announced its plans to expand into the cable and wire industry, marking a significant diversification from its core cement business. However, the market reacted negatively to the news, with the company’s stock declining by 5.3% to an intra-day low of ₹10,381. Following this development, brokerage firms have expressed mixed opinions on the … Read more
On Tuesday, shares of Polycab India witnessed a significant decline after UltraTech Cement, a subsidiary of the Aditya Birla Group, announced its entry into the electrical industry. The news sent shockwaves through the market, triggering a sell-off in key industry players. As a result, shares of Polycab, along with KEI Industries and Havells, plunged by … Read more
The Securities and Exchange Board of India (SEBI) has proposed significant changes to the way outstanding positions in stock futures and options (F&O) are calculated, aiming to reduce the risk of manipulation in the derivatives market. The move comes amid growing concerns that certain influential market participants, leveraging advanced technology, may be engaging in manipulative … Read more
GMR Airports has successfully raised ₹1,100 crore in funding from Deutsche Bank through a private placement of non-convertible debentures (NCDs). These bonds, which offer investors a yield of 10.75%, have a tenure extending until February 25, 2028. The funds raised through this issuance are expected to bolster GMR Airports’ financial strategy, allowing the company to … Read more
Tata Motors has experienced a significant downturn, becoming the worst-performing stock in the Nifty 50 index. The company’s share price has plunged by 44% from its peak of ₹1,179 in July 2024 to its current level of ₹661.75. This sharp decline has resulted in a staggering loss of approximately ₹1.9 lakh crore in market capitalization. … Read more
Tesla’s stock (TSLA.O) experienced a sharp decline on Tuesday, dropping by 8%, which led to its market valuation falling below the $1 trillion mark for the first time since November. The downturn came after new data revealed a significant drop in Tesla’s sales in Europe for the month of January. According to the European Automobile … Read more
On Tuesday, U.S. stocks faced a challenging trading session, with both the S&P 500 and the Nasdaq slipping to their lowest levels in a month. Investor sentiment took a hit following the release of a disappointing consumer confidence report, which highlighted growing economic uncertainties and fueled concerns about the strength of the economy. The S&P … Read more
India’s budget airline SpiceJet has made a strong financial comeback, reporting a standalone net profit of ₹25 crore for the third quarter of the current financial year (Q3FY25). This marks a significant turnaround for the airline, which had recorded a net loss of ₹301.5 crore in the same quarter of the previous fiscal year. The … Read more
On Tuesday, February 25, several public sector undertaking (PSU) bank stocks, including IDBI Bank, Central Bank of India, Indian Overseas Bank (IOB), UCO Bank, and the Bank of Maharashtra, witnessed notable gains during the morning trading session. This uptick came despite a generally weak performance across the broader market, driven by renewed optimism surrounding potential … Read more
Nestle India shares are expected to attract significant attention on Tuesday following reports that the company is contemplating marginal price increases. This move comes as a response to rising input costs, particularly for key commodities such as coffee, cocoa, and edible oil. According to a senior executive who spoke on Monday, the company aims to … Read more