GAGA Share Market News

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average fell for the first time this week on Wednesday as chip-sector shares sank after Nvidia said the U.S. government is limiting exports of its key chip to China. Chip-testing equipment maker Advantest, an Nvidia supplier, was the Nikkei's second-worst performer with a 6.6% tumble. Chip-making equipment manufacturer Disco tanked 8%. The tech-heavy Nikkei lost 1% to close at 33,920.40, while the broader Topix dipped 0.6%. Precision equipment makers dropped 2.1% as a sector, putting them among the worst performers from the Tokyo Stock Exchange's 33 industry groupings. The H20 artificial intelligence chip, targeted by the U.S. government, is currently Nvidia's most advanced chip for sale in China and is central to its efforts to stay engaged with China's booming AI industry. Live Events Nvidia has been a key focus of U.S. export controls as officials attempt to keep the most advanced chips from...

[hfe_template id='11223'] [ad_1] Global brokerage firm Goldman Sachs (GS) has issued a neutral call on BSE Ltd., revising its target price downward to Rs 4,230 per share, citing potential headwinds from the recent changes in the options market expiry schedule by the NSE. The key concern highlighted by the brokerage is the impact of NSE’s shift in weekly option contract expiry days. Effective January 1, 2025, NSE will move its expiry day to Monday, while BSE’s will be Tuesday, creating an asymmetry in the options market. This shift is expected to negatively affect BSE’s options trading market share, as weekly options expiries drive significant trading volumes. BSE had been gaining ground in the options segment, with its market share in index options premium rising from 16% in December 2024 to 20-22% in January and February 2025. This happened after BSE shifted its weekly expiry from Fridays to Tuesdays. However, the brokerage had anticipated greater liquidity buildup in B...

[hfe_template id='11223'] [ad_1] Citing a loss of market share, financial instability due to reliance on debt and dependence on government relief, domestic brokerage firm Motilal Oswal downgraded the Vodafone Idea (Vi) stock to a ‘sell’ from an earlier ‘neutral’ rating. The domestic brokerage firm also foresees a 40% potential downside in the stock as it has fixed a target price of Rs 5 for the same. Vi lost further market share to peers in the third quarter, with continued data subscriber churn and weaker customer engagement metrics. Bharti was once again the biggest gainer, with 80bp/45bp QoQ gains on Revenue Market Share (RMS) and Subscriber Market Share (SMS) in 3QFY25. “Vi continues to lose market share to peers on account of lower ARPU translation, given its inferior subscriber mix and elevated subscriber churn. Vi plans to embark on a significant capex cycle (INR500-550b over the next 2-3 years) to bridge the network gap with peers. Despite the likely capex, we be...

[hfe_template id='11223'] [ad_1] Berger Paints shares rose nearly 4% to Rs 492.9 in Wednesday’s intraday trade on BSE after the company reported a smaller-than-expected decline in third-quarter profit, supported by strength in its industrial business. The company’s net profit for the December quarter fell 1.4% year-on-year (YoY) to Rs 295.97 crore amid tough demand conditions. Berger Paints attributed the decline to price reductions in previous quarters, currency depreciation, and inventory impact from rising monomer prices. Revenue from operations grew 3.2% YoY to Rs 2,975.06 crore, while EBITDA (excluding other income) declined 1.7% to Rs 471.73 crore. Also Read: Hyundai joins Global Standard Index; IndusInd sees weight increase “The tough market conditions continued into the third quarter with muted urban demand and slowdown in a few key markets,” said Abhijit Roy, Managing Director & CEO of Berger Paints India. “In spite of this we were able to deliver high singl...

[hfe_template id='11223'] [ad_1] Shares of tyre manufacturer Balkrishna Industries climbed as much as 3.4% on Tuesday to Rs 2,654.90 on the BSE, after brokerage Nomura raised its rating on the stock to “buy” from “neutral,” citing promising growth prospects and attractive valuations. Nomura maintained a target price of Rs 3,242, indicating an upside potential of over 22% from current levels. Nomura said its optimism stems from the company’s strong market position in the global off-highway tyre (OHT) segment and its robust financial performance in the third quarter of FY25. On January 25, the company reported a 47% year-on-year surge in its third quarter net profit to Rs 449.5 crore, alongside a 12.6% rise in revenue to Rs 2,560.3 crore. Key drivers included demand resilience across domestic and international markets and consistent sales in agricultural, industrial, and construction vehicle tyres. The brokerage highlighted the company’s growing focus on diversification in...

[hfe_template id='11223'] [ad_1] The shares of Nippon Life India Asset Management have surged by 10% to day’s high of Rs 739.80 on BSE post the announcement of Q2 results and interim dividend. The profit after tax for Q2 FY25 was recorded at Rs 3.60 billion, up by 47% on a yearly basis and up by 44% for H1 FY25. The operating profit was recorded at Rs 3.65 billion, up by 57% on a yearly basis and up by 58% for H1FY25. The total income stood at Rs 6.92 billion. The board has also approved declaration of an interim dividend of Rs 8 per equity share of Rs 10 each of the company and has fixed the record date as November 6, 2024 for the purpose of ascertaining the entitlement of the shareholders to the interim dividend. Dividend will be paid on and from November 14, 2024. The company has offered a total dividend of Rs 16.50 per share in FY24. The cumulative dividend offered in the last 10 financial years was recorded at Rs 51 bn. The company has reported the highest ever quar...

[hfe_template id='11223'] [ad_1] Shares of India Cements have rallied 33% in this week so far attaining a new all-time high of Rs 308.10 in Friday’s session after a 24% stake of the company was bought by UltraTech Cement. Ace investor Radhakishan Damani and related entities had sold around 6.91 crore shares or about 24% stake in India Cements to Ultratech Cement through a block deal on Thursday. The total stake sold by Damani and his entities comes to around 24% and the sale was done at an average price of Rs 277 apiece. Through the deal, Damani and his controlled entities bagged around Rs 1,914 crore. UltraTech's stake in Chennai-based India Cements pits it against Adani group's Ambuja and ACC cement companies for gaining ground in terms of market share. Also read: Initiating Coverage: Brokerage sees 10-26% upside in Coforge, Man Industries & Bandhan BankAnalysts said both Adani and UltraTech have been trying to gain market share and hence consolidation in ...