GAGA Share Market News

[hfe_template id='11223'] [ad_1] The combined market valuation of nine of the top-10 most-valued firms surged Rs 3,06,243.74 crore last week, with ICICI Bank and Bharti Airtel emerging as the biggest gainers, in tandem with a bullish trend in equities. Last week, the BSE benchmark gauge surged 3,076.6 points, or 4.16 per cent, and the NSE Nifty jumped 953.2 points, or 4.25 per cent. The market capitalisation (mcap) of ICICI Bank jumped Rs 64,426.27 crore to Rs 9,47,628.46 crore, the most among the top-10 firms. Bharti Airtel's valuation zoomed Rs 53,286.17 crore to Rs 9,84,354.44 crore. HDFC Bank added Rs 49,105.12 crore, taking its market valuation to Rs 13,54,275.11 crore. The mcap of Reliance Industries Ltd surged Rs 39,311.54 crore to Rs 17,27,339.74 crore and that of Bajaj Finance rallied Rs 30,953.71 crore to Rs 5,52,846.18 crore. Live Events The valuation of Tata Consultancy Services (TCS) soared Rs 24,259.28 crore to Rs 12,95,058.25 crore. The mcap of St...

[hfe_template id='11223'] [ad_1] KEC International shares will be in focus on Monday after the company secured new orders worth Rs 1,267 crore, taking its total year-to-date order intake to Rs 23,300 crore. The global infrastructure EPC major has won contracts across various businesses. According to a regulatory filing dated March 15, KEC has received orders for supplying various types of cables and conductors in India and abroad. It has also secured Notification of Awards (NOAs) and a comfort letter for transmission and distribution (T&D) projects, including 800 kV HVDC and 765 kV transmission line orders from Power Grid Corporation of India (PGCIL) and the supply of towers, hardware, and poles in the Americas. Vimal Kejriwal, MD & CEO, KEC International Ltd, said, “We are delighted with the substantial orders secured in our T&D business, particularly in the prestigious HVDC and 765 kV segments from PGCIL for green energy evacuation.” “These wins have furthe...

[hfe_template id='11223'] [ad_1] GMR Airports shares will be in focus after the company reported an 11% year-on-year (YoY) rise in passenger traffic for January 2025 to 1.06 crore, though it slipped 2% month-on-month (MoM). Aircraft movements increased 9% YoY to 63,767 but saw a marginal 1% decline from December. Domestic passenger traffic grew 11% YoY, while international traffic surged 12.4%, reflecting steady demand across key routes. GMR Airports, which operates major hubs like Delhi, Hyderabad, and New Goa airports in India, as well as Cebu (Philippines) and Medan (Indonesia), posted a net profit of Rs 202.1 crore in Q3 FY25, rebounding from a Rs 486.4 crore loss a year ago. Revenue rose 19.2% YoY to Rs 2,653.2 crore, while EBITDA surged 48.3% to Rs 991.7 crore, with margins improving to 37.4% from 30% in Q3 FY24. Also Read: Stocks in news: Zomato, Paytm, SBI Card, GMR Airports, Uno Minda, Ajax Engineering GMR Airports shares target price As per Trendlyne data, the ...

[hfe_template id='11223'] [ad_1] Affirm's shares jumped 19.5% on Friday, as a strong holiday shopping season helped the buy now, pay later lender post a surprise quarterly profit and forecast upbeat annual revenue. More consumers used its BNPL services to take advantage of heavy discounts by retailers on everything from apparel to electronics to lure budget-conscious shoppers during the holiday season. "With inflation and interest rates still elevated, consumers are prioritizing flexibility in how they pay. BNPL solutions like Affirm are meeting that demand, offering a way for people to manage expenses without relying on traditional credit," said Michael Hershfield, CEO and founder of fintech firm Accrue. Gross merchandise volume (GMV) - the total dollar amount of all transactions on the Affirm platform - jumped 35% to $10.1 billion in the second quarter ended December 31, exceeding analysts' estimates of $9.57 billion, according to data compiled by LS...

[hfe_template id='11223'] [ad_1] Shares of Waaree Renewable Technologies on Wednesday zoomed 16% to an intraday high of Rs 1,297.95 on the BSE as the market participants bought the dip that came in the stock after Chief Financial Officer (CFO) Dilip Panjwani’s resignation earlier last week. The stock dipped as low as 20% to hit and close at its lower circuit on Monday, which now seems to have been bought by the investors seeing it as an opportunity to ‘buy the dip’. The stock’s total traded quantity (TTQ) was 6.93 lakh shares around 11:30 am on the BSE on Wednesday. This amounted to a total traded value of Rs 83.61 crore. Meanwhile, the company’s market capitalization stood at Rs 12,381.37 crore. Waaree Renewable on January 13 informed the exchanges that the board meeting is scheduled for January 16, wherein the company will announce its results for the third quarter ended December 2024. It was additionally announced that the company will also consider the declaration of...

[hfe_template id='11223'] [ad_1] Eight of the top-10 most valued domestic firms together added Rs 1,55,603.45 crore in market valuation last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, in tandem with firm trend in equities. Last week, the BSE benchmark zoomed 1,536.8 points, or 1.98 per cent, and the Nifty climbed 374.55 points, or 1.59 per cent. The BSE benchmark Sensex jumped 1,961.32 points, or 2.54 per cent, to settle at 79,117.11 on Friday. The NSE Nifty soared 557.35 points or, 2.39 per cent, to 23,907.25. From the top-10 pack, Reliance Industries and Life Insurance Corporation of India (LIC) were the laggards. The market valuation of HDFC Bank jumped Rs 40,392.91 crore to Rs 13,34,418.14 crore, the most among the top-10 firms. Tata Consultancy Services (TCS) added Rs 36,036.15 crore to Rs 15,36,149.51 crore in its valuation. The valuation of ICICI Bank soared Rs 16,266.54 crore to Rs 9,01,866.22 crore and that of Infosys ...

[hfe_template id='11223'] [ad_1] Shares of One 97 Communications-owned Paytm jumped 5% to an intraday high of Rs 722.50 on the BSE after the National Payments Corporation of India (NPCI) granted the company approval to onboard new UPI users, subject to adherence to all procedural guidelines and circulars. "We would like to inform you that vide letter dated October 22, 2024, the National Payments Corporation of India (NPCI) has granted approval to the company to onboard new UPI users, with adherence to all NPCI procedural guidelines and circulars," the company stated in a stock exchange filing. This comes after the Reserve Bank of India on January 31 this year directed Paytm Payments Bank to stop deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc after February 29, 2024, other than any interest, cashback, or refunds that may be credited anytime. This approval, communicated via a letter dated...

[hfe_template id='11223'] [ad_1] Rail Vikas Nigam Limited (RVNL) shares will be in focus on Tuesday after the company announced the establishment of a wholly-owned subsidiary in Saudi Arabia, expanding its presence in the Middle East. "Rail Vikas Nigam Limited (RVNL) has incorporated a wholly owned subsidiary company “COMPANY RAIL VIKAS NIGAM LTD. (ONE PARTNER)” in Saudi Arabia on October 18, 2024. The certificate of registration of the company was received on October 21, 2024," the company said in an exchange filing. This move aligns with RVNL's global expansion strategy, following the creation of subsidiaries in Dubai in June 2024 and Uzbekistan in August 2024. Meanwhile, RVNL has been securing several major contracts in recent weeks. The company recently emerged as the lowest bidder for a metro construction project from the Maharashtra Metro Rail Corporation Limited, winning a Rs 270 crore work order. On Monday, RVNL's shares closed at Rs 465.6, down...

[hfe_template id='11223'] [ad_1] Four of the top-10 most-valued firms together added Rs 81,151.31 crore in market valuation last week, with ICICI Bank and HDFC Bank emerging as the biggest gainers. Last week, the BSE benchmark declined 156.61 points, or 0.19 per cent. While HDFC Bank, Bharti Airtel, ICICI Bank, and the State Bank of India were the gainers, Reliance Industries, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, ITC, and Life Insurance Corporation of India (LIC) suffered a combined erosion of Rs 76,622.05 crore from their market valuation. ICICI Bank added Rs 28,495.14 crore, taking its market valuation to Rs 8,90,191.38 crore. The valuation of HDFC Bank jumped Rs 23,579.11 crore to Rs 12,82,848.30 crore. State Bank of India's market valuation climbed Rs 17,804.61 crore to Rs 7,31,773.56 crore and that of Bharti Airtel went up Rs 11,272.45 crore to Rs 9,71,707.61 crore. On the other hand, the market capitalisation (mcap) of Infosys slumpe...

[hfe_template id='11223'] [ad_1] Public sector lender Bank of Maharashtra shares are in focus on Tuesday after the bank launched a qualified institutional placement (QIP) to raise up to Rs 3,500 crore. The bank set a floor price of Rs 60.37 per share, slightly above Monday's closing price of Rs 59.8. The bank may offer up to a 5% discount on the floor price. It aims to raise Rs 1,750 crore through the base issue, with an additional Rs 1,750 crore via a greenshoe option, potentially selling up to 61 crore shares (8.6% stake) through the QIP. In April, the board approved raising Rs 7,500 crore for FY25, with shareholders approving fundraising options in June, including QIP. On Monday, Bank of Maharashtra's shares closed at Rs 60.25, up 0.7% on the BSE, while the benchmark Sensex fell 1.49%. Its shares have surged 32% in 2024 to date and 240% over the past two years, with the company currently holding a market capitalization of Rs 42,665 crore. In Q1 of FY25, Bank o...

[hfe_template id='11223'] [ad_1] Investors betting on companies that have split business as part of restructuring in the past year have struck it rich as unlocking value on account of the demerger has resulted in the market value soaring in several cases. At least 12 domestic companies have demerged their businesses in the last one year, according to an ET study. Of these, the total combined market value of the demerged and parent companies went up by 14% to 450% after the split. At least six companies Edelweiss Financial, Shipping Corp of India, TVS Holdings, NIIT, GHCL and Forbes & Co returned a minimum of 50% after the demerger. Edelweiss Financial Services, which demerged its wealth business into a separate company, Nuvama Wealth Management, was one of the biggest gainers. The market capitalisation of Edelweiss Financial on the adjustment date was Rs 6,281 crore, while the combined market cap of Edelweiss and Nuvama on Monday stood at Rs 34,579 crore, delivering ...

[hfe_template id='11223'] [ad_1] Synopsis Dr Lal PathLabs Ltd experienced a breakout from an inverse Head & Shoulder pattern, indicating a potential trend reversal. Experts recommend short-to-medium term traders to buy on dips, targeting above Rs 3,700. The stock has rebounded multiple times, most recently climbing above Rs 3,000 in July 2024, suggesting stronger support and potential upward momentum. Dr Lal PathLabs Ltd, part of the healthcare sector, recorded a breakout from inverse Head & Shoulder pattern on the monthly charts which has opened room for the stock to head higher.Short-to-medium term traders can look to buy the stock on dips for a possible target of above Rs 3,700 levels in the next few months, suggest experts.The healthcare stock which has a market capitalization of more than Rs 25,000 cr on the BSE hit a record high of Rs BY ETMarkets.com 4 mins read, Last Updated: Jul 30, 2024, 11:56:00 AM IST Gift A Story Share member-only stories with your f...

[hfe_template id='11223'] [ad_1] ET Intelligence Group: Dalal Street has now acquired a distinct desi flavour, illustrating the power - and allure - of equity for the ordinary Indian saver. It's no wonder, therefore, the share of domestic mutual funds in the overall institutional equity assets under management (AUM) reached a record high. Data from NSDL showed Indian domestic funds' share of total institutional equity rose 224 basis points to 20.89% as of June 2024. This increase is the highest among all institutional categories, marking the fifth consecutive month of expansion for local funds in total institutional equities. The growth in mutual funds' AUM is highlighted by the fact that the expansion in other institutional categories is only a fraction of mutual funds' gains. Institutional funds currently hold approximately 44% of India's total market capitalization, with promoters holding 51% and the remainder owned directly by retail investors. Th...