Laurus Labs share price rose as B&K Securities initiated coverage and projected an 18% upside potential for the stock price, driven by strong growth in its contract development and manufacturing organisation segment.
Can Fin Homes share price rose in the special Muhurat Trade session as Morgan Stanley maintained an Overweight rating and hiked target price following an upbeat second-quarter result.
Nirmal Bang MD Kishore Bang says there is too much liquidity in domestic markets, fuelling India’s current IPO frenzy. Get the latest updates on the Indian stock markets and IPO pipeline.
The NSE Nifty 50 and BSE Sensex ended flat after erasing most gains from the open of the Muhurat Trading session, with ICICI Bank and Kotak Bank being top draggers.
Foreign portfolio investors remain net buyers of Indian shares for the fourth consecutive session, while domestic institutional investors turn net sellers on the first day of Samvat 2082.
L&T Technology Services Ltd. reported a resilient performance in Q2, with revenue standing at Rs 2,980 crore, up 4% QoQ and 15.8% YoY. IDBI Capital maintains ‘Buy’ call, seeing 15% upside potential.
As Samvat 2082 commences, the Indian stock market is poised to maintain its momentum, with the Nifty 50 index delivering a moderate return of 6% and the Nifty Bank being the standout performer with a strong gain of 12%.
The NSE Nifty 50 and BSE Sensex indices ended at over one-year high on the last day of Samvaat 2081, with bank stocks leading the surge. Reliance Industries Ltd., Bharti Airtel Ltd., State Bank of India, and Axis Bank contributed the most in the gains.
Edelweiss’ Trideep Bhattacharya shares his insights on ‘cracker stocks’ and their potential impact on investors and the market, likening them to various types of firecrackers burst during Diwali.
Kotak AMC’s Harsha Upadhyaya shares his insights on the Indian stock market, comparing banking stocks to ‘Kaju Katli’ and predicting a sweet run this festive season.