GAGA Share Market News

[hfe_template id='11223'] [ad_1] Shares of Zomato, Paytm, Jio Financial, and 52 other companies will be in focus on Friday after the leading exchange, BSE, revised the circuit limits. Other major names include LIC, Adani Total, Angel One, DMart, Cyient, PB Fintech, Union Bank of India, IRB Infrastructure, Oil India, Indian Bank, and JSW Energy. The price band limits have been adjusted to 10% for 46 stocks, including prominent names like Zomato, YES Bank, Varun Beverages, Tata Elxsi, Paytm, Oil India, Nykaa, and NCC. Additionally, four stocks will now have a 5% circuit limit, while five others will see their limits revised to 2%. So far, BSE has had a daily price band mechanism — a maximum permissible limit within which the share price can move in a day. Listed securities are assigned a daily price band of either 20%, 10%, 5%, or 2%, based on pre-decided joint criteria. Also Read: Adani stocks in focus as banks review group exposure The new long-duration price band framew...

[hfe_template id='11223'] [ad_1] Shares of Jio Financial will be in focus in Friday's trade as the company will announce its second quarter earnings later today. In the run up to the results, shares of Jio have been muted with a fall of over 6%. In the last five days, the stock sinked nearly 4% amid an overall bearish trend in the markets. In the first quarter, the company's consolidated net profit fell 6% year-on-year to Rs 313 crore from Rs 332 core a year ago mainly due to a fall in interest income and amidst an uptick in operating expenses. Total revenue from operations for the June quarter quarter stood at Rs 418 crore, higher by 0.9% year-on-year. Recently, the company's joint venture with Blackrock got in-principle approval from markets regulator Sebi. The regulator will have to eventually grant the final approval after the two companies fulfil certain requirements. Days after its demerger from Reliance Industries in July 2023, the company had announce...