At 10:22 am; the stock locked in upper circuit of Rs 164.85, after hitting a low of Rs 149.15 in intra-day trade on the BSE, against issue price of Rs 137 per share.
Most analysts have broadly maintained their 'buy' rating on the stock as they believe the company's demand outlook for FY23 remains robust despite macro-headwinds.
Rising bond yields, fears of aggressive rate hikes by global central banks, and Covid-19 scare in China are among the key pain-points for investors
Analysts expect the Bengaluru-based firm to post flat-to-negative EBIT margin due to higher attrition, lower utilisation, and rising travel expenses.
The demand outlook continues to be strong as clients continue to spend on cloud transformation programs.
The stock needs to create a strong base and momentum in the range of Rs 4,000 to Rs 3,800 levels, which the stock has been unable to conquer with ease.
Rating agency CRISIL Ratings has revised the company's outlook on the long-term bank facilities
Subhash Shankar Parab was the Deputy General Manager (Finance) in Firestar Diamond
Anand Rathi Wealth, GM Breweries, Hathway Cable & Datacom, Tinplate Company of India, Evexia Lifecare, and Gayatri Bioorganics will announce their quarterly numbers.
According to the technical analyst from Anand Rathi, KRBL has been trading in a range of Rs 180 to Rs 340 since the last two years.
Adani Green Energy entered the list of top-10 most valued companies, in terms of m-cap, in the country on Monday after the stock price of the company zoomed 20 per cent to hit a new high
'An unfortunate incident took place on 9th April near our factory gate in a scooter. The situation was immediately brought under control by timely intervention from our team,' says the company
Weddings were the primary reason for buying gold, with 43 per cent of the Indian households surveyed buying the yellow metal for this purpose
The company's board recommended final dividend of Rs 22 per equity share for Q4FY22; India's top IT exporter benefited from a wave of digital transformation sweeping across the globe
CLOSING BELL: More than 20 of the 30 Sensex stocks and 30 of the 50 Nifty counters ended in the negative zone. These included HCL Tech, Infosys, L&T, Wipro, Asian Paints, HDFC, and HDFC Bank
Analysts say the company's margins are likely to be flat to slightly negative on QoQ basis due to supply side pressures and high employee costs.
Analysts expect ITC to report a relatively stronger quarter, with the improvement in cigarettes and other divisions and lesser margin pressure compared to FMCG peers.
The overall chart outlook hints at a rally towards the Rs 2,000 mark for the stock.
Atmanirbhar Bharat Abhiyan of the Government is aimed at limiting import dependence and increasing demand for indigenous products, providing better growth opportunities for the company.
Larsen & Toubro and Engineers India need to hold above the key levels for further upside.
In the past three months, the stock of Sandur Manganese has zoomed 86 per cent as compared to 3 per cent decline in the S&P BSE Sensex. In the past one year, the counter has rallied 256 per cent
The board of Ruchi Soya also accorded its in-principle approval for evaluating the most efficient mode of enhancing synergies with Patanjali Ayurved Ltd's food portfolio on an arm's-length basis
Government of India aims to reduce the country's dependence on imports of defence equipment and have a more 'self -reliant' defence sector under the Aatmanirbhar Bharat initiative.
India Inc is all set to start the Q4 earnings season. IT major TCS will kick-start the season with its results later today. Will the sector's performance be marred by the geo-political risks in Q4?
Q4 preview: Analysts believe earnings momentum is likely to gather pace, with healthy loan growth, stable margins, and improving asset quality trends
MCX Gold may rally to Rs 53,570 on the upside; break and sustained trade above Rs 52,250 to add momentum.
International Holding Company (IHC) has agreed to invest $2 billion in Adani Enterprises, Adani Transmission, and Adani Green Energy through preferential issue
Elon Musk, CEO of Tesla and now the largest shareholder in the micro-blogging site Twitter, has decided not to join the Twitter board. He owns a 9.2% stake, worth nearly $3 billion, in Twitter Inc
TCS is likely to announce results after market hours on Monday. The IT stocks will be in focus with Infosys too to announce earnings later this week.
Sheen back on the silver screen: Box office collections could cross Rs 500 crore for the second month in a row, say exhibitors and distributors
Pakistan political crisis: As many as 174 members voted in favour of the motion in the 342-member House while members of the ruling Pakistan Tehreek-e-Insaf (PTI) were absent during the voting.
Fawad Chaudhari calls it a sad day with "return of looters" and "a good man sent home"
The quake struck the town of Puturge in Malatya province at 5:02 p.m. local time (1402 GMT), Turkey's Disaster and Emergency Management Directorate (AFAD) said
CLOSING BELL: The RBI also announced revised inflation and GDP growth forecasts in-line with market expectations
For Q4FY22, Motilal Oswal Financial Services expects ITC to post a 4 per cent growth in Cigarette business volumes with a 4.1 per cent/12.4 per cent YoY increase in sales/EBITDA
Candidates who have appeared for the UPTET or state-level teacher eligibility test will be able to check their results now
RBI Monetary policy LIVE updates: As expected by market participants, RBI retained status quo on key interest rates. Governor Shaktikanta Das said. "Approach needs to cautious, but proactive". Stay tu
The market price of BDL has surged 35 per cent in six trading days after exchanging MoU with UAE firm to explore new business opportunities.
AU Small Finance Bank and Bajaj Auto seem well placed on the technical charts and should be able to witness decent gains in the weeks ahead.
In its first monetary policy announcement of 2022-23, the RBI projected inflation to be at 5.7 per cent this financial year. Real GDP growth for the year estimated at 7.2 per cent
The board of directors of the company is scheduled to meet today to consider and approve the proposal for raising of funds by way of a rights issue, preferential allotment, including a QIP.
At 10:40 am; barring the Nifty PSU index which gained nearly a per cent, most of the other sectoral indices such as Nifty Bank, Financial Services, Auto and Realty were more or less unmoved.
At 09:15 am; 50.14 million equity shares representing 3.11 per cent of total equity of Bandhan Bank changed hands on the BSE, the exchange data shows.
Around 66.15 million equity shares, allotted in follow-on-public offering, started trading on the exchanges from today
The derivative analyst from HDFC Securities recommends buying FSL April 140 Call and simultaneously selling 150 Call.
According to the technical analyst from Anand Rathi, HDFC Bank is trading near multiple support area, hence the probability of the stock resuming its uptrend is high.
Rate sensitive related shares such as auto, banks, NBFCs and realty are likely to be in limelight owing to the RBI policy on Friday.
From IPL to luxury, the super app is buzzing with offers; 80% off on healthcare products, 50% on hotel stay, 60% on electronics, bigbasket running season's biggest sale
The TSCAB DCCB Exam is scheduled to be conducted on 24th April 2022.
CLOSING BELL: Adani Ports, Titan, HDFC, PowerGrid, Wipro, HDFC Bank, ONGC, PowerGrid, RIL, Bharti Airtel, TCS, Coal India, Tata Steel, and L&T fell between 1.5 per cent and 3.5 per cent