Stock Surge: The stock price surged as much as 9.5% on July 16th. JPMorgan Bullish: This jump follows JPMorgan initiating coverage on the stock with an “overweight” rating, indicating they expect it to outperform the market. Price Target Upward: JPMorgan assigned a price target of Rs 1,280, suggesting a potential […]
Financials: Revenue: Analysts predict a slight sequential increase (around 0.7%) in revenue to ₹37,718 crore but a YoY increase of 9.4%. Profit: The net profit is expected to see a modest rise of 1% sequentially to ₹6,185 crore, translating to a 15% YoY jump. FY24 Guidance: Infosys sharply reduced its […]
Current Status: The IPO application window closed on July 15th, 2024, at 5:25 PM IST. Grey Market Premium (GMP): The last reported GMP for Sahaj Solar is ₹240, as of July 15th, 2024, at 5:25 PM IST. GMP is an unofficial estimate of the premium investors in the grey market […]
Deepinder Goyal, the founder and CEO of Zomato, did indeed join the coveted billionaire club thanks to the significant surge in Zomato’s share price over the past year. Zomato’s Stock Performance: Zomato’s shares have seen a remarkable increase, with some reports indicating a rise of over 300% since July 2023. […]
Profit growth: Net profit is expected to show a significant increase, with estimates ranging from 17% to 19% YoY . Margin improvement: Potentially lower input costs could lead to an expansion of EBITDA margins by 90-100 bps YoY . Bajaj Auto’s stock price has been on a positive trend in […]
The Indian stock markets performed well on Monday, July 15th, 2024, despite weak global trends. The Nifty 50 index, which tracks the performance of the 50 largest companies listed on the National Stock Exchange of India, ended near 24,600, after reaching an intraday high of 24,635. This is close to […]
IPO Plans: Sai Life Sciences filed draft papers with SEBI, the Indian securities regulator, to raise funds through an Initial Public Offering (IPO). IPO Structure: The IPO will consist of two parts: Fresh Issue: The company will issue new equity shares worth Rs 800 crore. Offer for Sale (OFS): Existing […]
Order Win: Apollo Micro Systems secured a project from the Indian Army for a Vehicle Mounted Counter Swarm Drone System (VMCSDS). Stock Surge: The company’s stock price jumped 5% and hit the upper circuit limit, meaning there were more buyers than sellers at that price. This indicates strong investor interest. […]
Record High: Aurobindo Pharma’s stock price reached an all-time high today, July 15th, 2024. Buyback Proposal: This surge comes after the company announced their board will meet on July 18th to consider their first-ever share buyback program. Investors are likely reacting positively to the potential buyback, which could increase the […]
The Indian stock market rose today, with the Nifty 50 index closing at a new high of 24,635. The Sensex also gained 290 points. This is positive news for the Indian economy, as it suggests that investors are confident in the country’s future prospects. There are a number of factors […]