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Titan Company share price rose 2% after it saw a 41% year-on-year rise in the June quarter. Robust jewelry demand and an expanding retail network fueled this significant growth. The company added seventy-seven stores, increasing its total retail presence to 3,680 locations. Watches and EyeCare segments also reported strong twenty-three percent growth during the period.
Cochin Shipyard shares dropped as the government plans a significant stake sale. The offer for sale includes a base offer and an oversubscription option. This disinvestment move is part of the government’s FY27 program. The offer opens for non-retail investors today and retail investors tomorrow. The government aims to raise over Rs 1,856 crore from…
Motilal Oswal has identified ten non-Nifty stocks for investors ahead of quarterly earnings. The brokerage anticipates healthy revenue growth across various market capitalizations. TVS Motor and Dixon Technologies are among the top picks with significant upside potential. Radico Khaitan and Indian Hotels Company also show promising revenue growth prospects. Coforge and Kirloskar Oil Engines are…
Reliance Industries received a warning letter from market regulator Sebi. The letter cited alleged insider trading by two employees and a relative. Sebi investigated trades made while possessing unpublished price-sensitive information. The company stated it will address the concerns raised by the regulator. Sebi’s warning is cautionary and imposes no financial restrictions.
Indian stock markets traded higher on Tuesday, extending gains for a fifth consecutive session. Oil prices remained near pre-war levels, and foreign investors continued their buying trend. Sensex and Nifty both saw upward movement, with broader markets also participating in the rally. Certain sectors like IT advanced, while others experienced declines. Experts anticipate an uptrend…
Gold’s appeal as a safe haven has slowed after a strong rally this year. Profit-booking and easing geopolitical tensions have led to a market reassessment. The US Federal Reserve’s interest rate stance remains a significant factor for gold prices. Investors are currently prioritizing growth assets like equities over protection trades.
On July sixth, four Nifty500 stocks saw closing prices rally by over 1.5 percent. This movement above their Volume Weighted Average Price suggests a potential bullish trend. Karur Vysya Bank and Poonawalla Fincorp showed significant price increases. Manappuram Finance and Swan Corp also experienced positive trading activity.
Four Nifty500 stocks, Zydus Wellness, Sumitomo Chemical India, Max Healthcare Institute, and Zensar Technologies, closed over 1.5% below their VWAP on July 6, indicating potential bearish momentum and increased selling pressure, according to technical scan data.
Gold prices declined Tuesday, trading below recent highs. Investors await U.S. Federal Reserve minutes for policy direction. U.S. services sector activity dipped, but employment showed stability. Bullion prices retreated from earlier record highs this year. Perth Mint gold sales reached a two-month peak in June.
Samsung reported a significant profit jump, driven by strong AI chip demand. However, its stock declined amid concerns about the AI boom’s durability. Memory chip prices continued to climb, boosting Samsung’s earnings considerably. Analysts noted that bonus provisions impacted the reported operating profit figures. Future growth depends on sustained AI infrastructure spending by major technology…