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Kalyan Jewellers Reports Strong December Quarter with 39% Revenue Growth Kalyan Jewellers has delivered an impressive performance in the December quarter, showcasing consolidated revenue growth of 39% year-on-year. The company attributes this success to robust festive and wedding demand, which drove its India operations to an even higher growth rate of 41%. With strong consumer…
Wall Street Today: US Markets Open Higher on January 6 with AI Boosting Tech Stocks The US stock markets started the week on a positive note, opening higher on January 6 as investor enthusiasm around artificial intelligence continued to drive gains in the technology sector. Here’s a snapshot of the early trading session. Dow Jones:…
Jefferies Downgrades Zomato to ‘Hold’: Rising Competition and Stock Surge in 2024 a Concern Global brokerage firm Jefferies has shifted its stance on Zomato, downgrading the stock to a “hold” rating. The decision comes after Zomato’s shares more than doubled in 2024, leading analysts to believe 2025 might be a year of consolidation for the…
Markets Tumble as Sensex and Nifty Face Heavy Selling Pressure on January 6 Indian benchmark indices Sensex and Nifty experienced significant selling pressure on January 6, driven by a steep decline in PSU bank and consumer stocks. Weak quarterly updates from key companies further dampened market sentiment. Additionally, lackluster trends in Asian markets, particularly in…
Union Bank Shares Slide 6% as Broader Markets Stay Resilient Union Bank of India’s shares took a significant hit today, plunging 6% to ₹118.2 during trading hours. This dip has drawn attention, especially as it contrasts with the relatively steady performance of broader market indices. Banking Sector: Mixed Trends in BSE BANKEX While Union Bank…
ITC Hotels Demerger: What to Expect as Shares Hit the Spotlight Today ITC Ltd., the well-known cigarettes-to-FMCG conglomerate, is making headlines today, January 6, as its hotel business, ITC Hotels, prepares to spin off into a separate entity listed on the stock exchanges. Under this demerger plan, ITC shareholders will receive 1 equity share of…
2025: Stocks to Watch: Key Developments for January 1 As the markets transition into the new year with a blend of volatility and opportunity, here’s a roundup of key stock updates and developments to monitor closely: SJVN SJVN has signed a Memorandum of Understanding (MoU) with the Bihar government to develop the 1,000 MW Hathidah…
Gainers & Loser: A Year of Ups and Downs: How Nifty Stocks Performed in 2024 The Indian equity markets in 2024 took investors on a wild ride, beginning with an unprecedented bull run followed by a sharp correction in the latter half of the year. The Nifty benchmark soared to a record high of 26,277…
Top Stocks to Watch Today LupinPharma giant Lupin has strengthened its diabetes care portfolio by acquiring Huminsulin in India from Eli Lilly. Lupin has already been marketing the Huminsulin range, which includes insulin human, through an existing agreement with Lilly India. Huminsulin helps manage blood sugar levels for both type 1 and type 2 diabetes…
Anya Polytech IPO: Key Highlights and Insights The Initial Public Offering (IPO) of Anya Polytech is set to close today, December 30, 2024. This marks the conclusion of a five-day subscription period that began on Thursday, December 26, 2024. The public offering, valued at ₹44.80 crore, comprises a fresh issue of 3.2 crore shares. Here’s…