GAGA Share Market News

[hfe_template id='11223'] [ad_1] Morgan Stanley sold over 19.30 lakh shares in Kesoram Industries for Rs 81 lakh on Friday via block deal. The penny stock was sold at a price of Rs 4.20 per share which was at an 11% discount from Thursday's closing price of Rs 4.70. Shares of Kesoram Industries today ended at Rs 4.50 on the BSE, down by Rs 0.20 or 4.26% and a fresh 52-week-low. ETMarket's selection criteria for a scrip to fall in the penny stock category is a market capitalization below Rs 1,000 crore, a share price under Rs 20, and a minimum trading volume of 5 lakh shares. The stock's market capitalisation on BSE stood at Rs 139.79 crore with average traded shares over the last two weeks at 43,000. Kesoram Industries witnessed other deals as well where Mundhra Homes Private Limited sold over 40.81 lakh shares at a price of Rs 4.24 per share. Meanwhile, Devi Traders LLP sold 15.63 lakh shares at Rs 4.29 and Ishaan Tradefin LLP off-loaded over 49.52 lakh shar...

[hfe_template id='11223'] [ad_1] After the Q3FY25 results of Mahindra & Mahindra (M&M), reported on Friday, global brokerage firm Goldman Sacha raised its target price on the stock to Rs 3,800, up from an earlier Rs 3,700, while maintaining its ‘buy’ rating, indicating an upside of 21% for the same. Post this, the shares of M&M surged 2.45% to its new all-time high of Rs 3,276.30 on the BSE. The brokerage firm's positive outlook is underpinned by M&M's raised tractor guidance and expectations of sustained strength in tractor volumes through Q4FY25 and FY26. M&M's management has indicated confidence in the ongoing momentum of its tractor business, projecting healthy volumes in the foreseeable future. This positive outlook reinforces the company's strong position in the agricultural segment. Despite the optimistic tractor outlook, Goldman Sachs notes that EV (Electric Vehicle) contract margins are likely to keep margins range-bound for M...

[hfe_template id='11223'] [ad_1] Domestic benchmark equity indices, Sensex and Nifty50, opened higher on Wednesday, led by gains in banking and IT stocks. This follows a more than seven-month low hit in the previous session, amid uncertainty over US policy direction under President Donald Trump and concerns over corporate earnings. At 10:52 am, the BSE Sensex was up 378.68 points, or 0.50%, at 76,217.04, while the Nifty50 gained 87.00 points, or 0.38%, to trade at 23,111.65. Also Read: HDFC Bank Q3 Results 2025 Both the benchmarks lost about 1.5% each on Tuesday, closing at their lowest level since June 6, while volatility in Indian markets rose to the highest since early August. From the Sensex pack, Sun Pharma, Infosys, TCS, ITC, L&T, and Maruti opened with gains, while Zomato, Tata Motors, Tata Steel, Power Grid, and SBI opened in the red. Among individual stocks, IndiaMart InterMesh hit a 10% lower circuit after reporting weak Q3 earnings.ICICI Prudential Life In...

[hfe_template id='11223'] [ad_1] Indian blue-chip equity indices, the Sensex and Nifty50, reversed their early gains and traded in the red on Friday. While IT stocks gained after TCS met its quarterly profit estimates, the gains were offset by declines in index heavyweight Reliance Industries and banking and financial stocks. The BSE Sensex was trading 217 points, or 0.28%, lower at 77,403. The Nifty50 was down 79 points, or 0.34%, trading at 23,447 around 9:41 am. From the Sensex pack, TCS, Tech Mahindra, Infosys, HCL Tech, and M&M were the top gainers, rising by up to 5% in early trade. Meanwhile, IndusInd Bank, NTPC, Zomato, Power Grid, and SBI opened lower. Tata Consultancy Services posted roughly in-line third-quarter results, marking the start of the earnings season. The company also provided encouraging signs about the revival of client spending, particularly in the key U.S. market, as expected by the street. Meanwhile, IndusInd Bank dropped over 2% and became...

[hfe_template id='11223'] [ad_1] Defying losses in Asian markets, Indian benchmark equity indices opened higher on Thursday, driven by gains in financial, auto, and IT stocks ahead of the quarterly earnings season starting next week. The BSE Sensex rose 699 points, or 0.86%, to 79,189, while the Nifty50 advanced 209.60 points, or 0.88%, to 23,952 as of 11:10 am. The market capitalisation of all listed companies on BSE rose by Rs 2.09 lakh crore to Rs 446.52 lakh crore. From the Sensex stocks, Bajaj Finance, Kotak Mahindra Bank, Bajaj Finserv, Zomato, M&M, and Tata Motors opened with gains, while Bharti Airtel, Adai Ports, NTPC, and HDFC Bank opened with cuts. Meanwhile, the Nifty Auto index rose by up to 0.3% in early trade, driven by strong gains in Maruti Suzuki and Mahindra & Mahindra, following a rise in their monthly sales figures. Tata Motors shares also rose 2% after the company reported a 1% year-on-year growth in its December 2024 sales numbers at 76,599...

[hfe_template id='11223'] [ad_1] Indian headline equity indices scaled higher for the fifth consecutive day on Thursday, driven by gains in the index heavyweight Reliance Industries and IT stocks, with investors awaiting the Reserve Bank of India's (RBI) rate decision on Friday. The BSE Sensex surged 1,300 points to trade above 82,200. Meanwhile, Nifty50 was above 24,800 level. TCS, Infosys, Bharti Airtel and Titan were among the top Sensex gainers. commentary will likely be crucial for markets following the sharp growth slowdown in the September quarter. Analysts have also highlighted the growing possibility of the domestic central bank reducing the cash reserve ratio (CRR) – the portion of cash reserves that banks must maintain with the RBI and can use to ensure liquidity in the economy – from 4.5% to 4%. Among individual stocks, Indraprastha Gas (IGL) rose as much as 4% after the company announced plans to propose a bonus share issue during its upcoming board meet...

[hfe_template id='11223'] [ad_1] Domestic benchmark equity indices extended losses for the second consecutive day on Tuesday, following their steepest decline in a month the previous day, weighed down by index heavyweights HDFC Bank, Reliance Industries, and Infosys. The BSE Sensex fell over 150 points, or 0.23%, to 78,599.28, while the Nifty50 slipped 54.80 points, or 0.23%, to 23,940.55 as of 9:56 am. Meanwhile, in early trade, the Sensex touched a low of 78,455, while the Nifty hit 23,908. Both the Nifty 50 and BSE Sensex fell about 1.25% on Monday, marking their biggest single-day losses since October 3, as volatility surged to a three-month high amid uncertainty surrounding the closely contested U.S. election. Democrat Kamala Harris and Republican Donald Trump are nearly tied in opinion polls ahead of Tuesday’s voting, with the possibility of delayed results adding to market uncertainty. Analysts expect volatility to increase further as investors await the election ...

[hfe_template id='11223'] [ad_1] Shares of Bajaj Auto fell by 5% to its day’s low of Rs 9,401 on the BSE after the company on Monday posted its October sales number reporting merely a 2% YoY rise to 4,79,707 units. The total number of vehicles sold was reported at 4,71,188 units in October 2023. The company reported its domestic sales figure for the 2-wheeler segment at 2,55,909 units, which has declined by 8% on a year-on-year basis from 2,78,486 units sold in October 2023. The exports, however, surged by 22% YoY to 1,58,463 units. The commercial vehicle segment witnessed a 4% decline in its sales to 47,922 units while the exports grew by 46% to 17,413 units, up from 11,912 units in the year-ago period. In the current financial year so far, the company recorded a 10% YoY surge in its total sales. The two-wheeler segment saw an 11% rise in domestic sales to 14,75,207 units, while exports grew by 8% to 9,23,290 units, totaling 23,98,497 units. In commercial vehicles, dome...

[hfe_template id='11223'] [ad_1] Europe's STOXX 600 ended higher on Friday, as tech stocks made a strong comeback at the end of a bumpy week, while the European Central Bank's rate cut and a flurry of corporate earnings helped the index deliver a second straight week of gains. The STOXX 600 closed up 0.2% as the tech sector led gains with a 2% jump. That cut the weekly loss for the tech index to 6%, but it remained the worst-performing sector this week after ASML's weak 2025 sales forecast sparked a rout in chip stocks globally. The computer chip equipment maker's shares were up 1% on Friday, while chip stocks Soitec SA and BE Semiconductor Industries were up 5.6% and 2.8%, respectively. Basic resources shares climbed 1.4%, boosted by strong copper prices. The luxury stocks index rose 1.1% after a sell-off earlier this week following LVMH's weak third-quarter sales. With LVMH, other luxury giants such as Gucci-owner Kering and Hermes rose 3.5% and ...

[hfe_template id='11223'] [ad_1] Shares of state-run Cochin Shipyard are likely to remain in focus on Wednesday as the government will sell up to 5% stake sale in the company via an offer for sale (OFS). The floor price is set at Rs 1,540 per share and the two-day issue opens today. The base issue comprises the sale of a 2.5% equity stake representing 65,77,020 shares with a green shoe option of another 2.5%. The OFS will open for non-retail investors today and for retail investors and employees of the company on Thursday. The floor price of Cochin Shipyard shares are at a discount of 8% over Tuesday's closing price of Rs 1,673. The stock on Tuesday ended with gains of Rs 48.60 or 3% on the NSE over Monday's closing price. The offer will take place during trading hours through a separate window on Thursday. Shares of Cochin Shipyard have fallen nearly 80% from their 52 week peak of Rs 2,979.45, they had hit in July this year.Notwithstanding the recent decline, th...

[hfe_template id='11223'] [ad_1] Synopsis Ipca Laboratories Ltd hit a fresh record high in October 2024, breaking a 2-week consolidation. Experts suggest the rally may continue, with short-term traders targeting Rs 1,650-1,680 in 1-2 months. The stock has been on an upward trend, trading above key moving averages. Traders are encouraged to buy, with a stop loss below Rs 1,450. Ipca Laboratories Ltd, part of the pharma space, broke a 2-week consolidation to hit a fresh record high in October 2024 and chart pattern suggests that the rally may not be over yet.Short-term traders can look to buy for a target of Rs 1,650-1,680 in the next 1-2 months, suggest experts.The pharma stock has rallied more than 30% in the last 3 months. The momentum helped the stock to breakout from the 2-week consolidation seen on the daily BY ETMarkets.com Oct 11, 2024, 10:00:00 AM IST Gift A Story Share member-only stories with your friends or family and help them read it for free. Gifting Limit R...

[hfe_template id='11223'] [ad_1] Shares of Avenue Supermarts-operated DMart tumbled 5% to their day’s low of Rs 4,701.90 after the company reported 14% growth in its standalone revenues at Rs 14,050 crore for the second quarter and added a net of 6 stores. The total number of stores at the end of September 2024 stood at 377. The Radhakishan Damani owned company aims to add 45 stores in FY25 with the medium term band at 45-60 stores per annum. Post the update, brokerage firms have revised their views on the stock. Here’s what they said: Macquarie: Outperform| Target price: Rs 5,600 Sales growth has moderated from Q1 levels while store additions are slightly below estimates. Sequential moderation in gross margins are also expected due to a change in the product mix. Also read: HDFC Bank Q2 Update: Deposits jump 15% YoY, advances under management surge 8% Goldman Sachs: Sell| Target price: Rs 4,050 Goldman Sachs has maintained a Sell rating on Avenue Supermarts with a targe...

[hfe_template id='11223'] [ad_1] Synopsis In any volatility which is caused by global factors, it is the banking stocks which bear the brunt of selling, the reason is simple, FII will sell what they own and it is the banking sector where they have the highest exposure. But as soon as that selling is over and the money starts to make a comeback, it is banking stock which is the first one to attract funds, again the reason is simple, they are the best proxy for economic growth. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components — earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members. What impacts the operating matrix of the banking sector ? It is the overall economic growth. Banks provide the lifeline of capital to all the sectors which form part of any e...

[hfe_template id='11223'] [ad_1] After the Cabinet Committee on Security (CCS) cleared the Sukhoi engines deal, boosting Hindustan Aeronautics (HAL)'s order book to an all-time high, Antique Stock Broking predicts the share price could rally up to Rs 6,145. This indicates a potential upside of 25% from the day's high of Rs 4,925. The Cabinet Committee on Security (CCS) has approved a Rs 260 billion procurement order for 240 aero engines for Su-30 MKI aircraft. This will increase Hindustan Aeronautics (HAL)'s already strong order backlog from Rs 940 billion (FY24 end) to Rs 1.2 trillion, resulting in strong revenue visibility of 3.8 times its trailing twelve months (TTM) revenue. Although near-term financials may be volatile due to supply chain challenges in executing the large Tejas MK I A orders, the stock is considered attractively valued. With multi-year double-digit earnings growth potential and a robust return ratio profile of over 20%, the report retain...

[hfe_template id='11223'] [ad_1] Rivian has temporarily suspended production of its commercial delivery vans used by retail giant Amazon.com due to a shortage of parts, a spokesperson for the electric vehicle manufacturer said on Friday. Shares of the Irvine, California-based company were down 5%. The production halt is the latest in a series of supply chain challenges for Rivian, which, like other EV makers, has grappled with significant production issues over the past two years due to supplier shortages. "A part shortage has temporarily impacted our Electric Delivery Van (EDV) production. We expect to recover all missed production," the spokesperson said in an emailed statement. The company did not disclose any information about the specific part and supplier in question and also declined to comment on when the production stoppage began and if it has resumed. Rivian produces all its vehicles at its factory in Normal, Illinois, with a second assembly plant p...

[hfe_template id='11223'] [ad_1] Synopsis Banks have been leading the correction but it is more due to technical reasons, which is the over ownership of FPI in this segment. But if things are improving on the fundamental side, which in majority is the case, then probably it is time to consider a contrarian investment or even a trade. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components — earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members. In a week when banks are leading the decline, it probably might appear wrong to some to talk of banks, but then being contrarian has never been about going with what is happening at the moment in the markets, it is about taking a stand when the narrative is all negative. Below is a list containing mean price targets f...