Trent Ltd. Downgrade: Equirus Sees 5% Downside Amid Slowing Growth Equirus downgraded Tata-Group’s Trent Ltd. to ‘Reduce’ as it expects that the premium will decline on slowing growth. The target price is Rs 4,474 apiece, which implied 5% downside from Monday’s close. Trent delivered exceptional topline compounding of 39% and 28% over the last five […]
Jubilant FoodWorks: A Key Beneficiary of Growing Delivery Business Jubilant FoodWorks Ltd. has been witnessing significant growth in its delivery business, which is expected to continue outperforming in the near term. This growth is driven by the company’s focus on customer acquisition and increasing order frequency, leading to better growth metrics compared to its peers.
Bank of India Shares Rise After Domestic Advances Surge in Q2 Business Update The shares of Bank of India rose as much as 2.71% in trade after the bank posted its second quarter update, driven by a strong growth in domestic advances and global business. The bank’s total domestic deposits grew 8.5% year-on-year to Rs
Trent Share Price Hits Six-Month Low: A Closer Look Trent Ltd. share price fell to a six-month low on Tuesday, sparking concerns among investors about the company’s future outlook. The decline came after the company’s second-quarter business update revealed moderating growth, which has raised worries about the company’s ability to sustain its growth momentum. Q2
Shaily Engineering Surges Over 7%; Stock Up Nearly 54% In Six Months Shaily Engineering Plastics Ltd. share price rose above 7% on Tuesday to trade higher at Rs 2,324 apiece. The stock had gained 2.45% on Monday before declining nearly 1% at market close. The stock has risen 3.26% in the last one month and
Introduction to RateGain Travel Ltd. and the Sojern Acquisition RateGain Travel Ltd. is a leading provider of travel technology solutions, offering a range of products and services to the hospitality and travel industries. Recently, the company announced the acquisition of Sojern, a digital marketing platform for the travel industry. This acquisition marks a significant scale-up
Ujaas Energy Share Price Surges 16% In Four Sessions Ahead Of Bonus Issue Ujaas Energy share price surged nearly 16% in four sessions to Tuesday, with the stock hitting upper circuits for the fourth consecutive session on high volumes. This significant surge in the share price comes ahead of the company’s bonus issue, which has
Bitcoin Options Traders Eye $140,000 After Record-Setting Rally The sudden push to a fresh all-time high in Bitcoin over the weekend has options traders adding to bets that the largest cryptocurrency will rally to $140,000. Short-term Bitcoin options contracts that settle toward the end of the year have seen open interest clustered around that strike
Nifty Consolidates Ahead of Major Earnings The Indian stock market began the day on a positive note, with the Nifty 50 trading above 25,100 and the Sensex up over 100 points. The GIFT Nifty was trading near 25,100 early Tuesday, while the futures contract based on the benchmark Nifty 50 fell 0.09% at 25,156 as
IPO GMP Today: WeWork India, Tata Capital, and LG Electronics India – A Comparative Analysis The initial public offerings (IPOs) of WeWork India Management Ltd., Tata Capital Ltd., and LG Electronics India Ltd. are currently drawing attention from investors and grey market traders alike. WeWork India Management Ltd. IPO opened on October 3 and closes