GAGA Share Market News

[hfe_template id='11223'] [ad_1] Global index services provider MSCI has reshuffled its India Smallcap Index to include Tata Technologies, Hexaware Tech and ACME Solar and removed 22 other stocks like Aarti Drugs and Paisalo Digital. As a result of the rejig, JM Financial estimates that Tata Tech will have a passive fund inflow of about $16 million while Hexaware will get $15 million. Changes in the index will be implemented after market closing hours on May 30. Smallcap stock additions List of smallcap stock additions - ACME Solar Holdings, Authum Investment, AWL Agri Business, Dr Agarwal's Health Care, Godrej Agrovet, Hexaware Tech, IGIL, Le Travenues Technology, Sagility India, Sai Life Sciences and Tata Technologies. Smallcap stock deletions Stocks which have been removed from the smallcap index are Aarti Drugs, Allcargo Logistics, Coromandel International, E2E Networks, Electronics Mart India, Gateway Distriparks, Godrej Industries, Greenpanel Industries, Gujara...

[hfe_template id='11223'] [ad_1] Domestic benchmark indices opened higher for the second consecutive day on Tuesday, supported by easing trade tensions between the U.S. and its trading partners, along with sustained foreign inflows that bolstered investor sentiment. The BSE Sensex was trading 405 points, or 0.51%, higher at 80,612. The Nifty50 was up 120 points, or 0.49%, trading at 24,449 around 9:23 am. Among the Sensex constituents, IndusInd Bank, Tata Motors, Axis Bank, Reliance Industries, SBI, Bharti Airtel, and Tata Steel were the top gainers, rising up to 2% in early trade. On the flip side, Sun Pharma, Power Grid, Bajaj Finance, and Nestle India opened lower. U.S. Treasury Secretary Scott Bessent said on Monday that many top trading partners had made "very good" tariff proposals, with a potential deal with India expected soon. He indicated that an agreement could be finalised this week or next. Meanwhile, U.S. Commerce Secretary Howard Lutnick stated t...

[hfe_template id='11223'] [ad_1] Tata Technologies shares tumbled 3% to their day’s low of Rs 792 on the BSE on Wednesday, January 22, after the company reported a 1% fall in its consolidated net profit for the quarter ended December 31, 2024, to Rs 169 crore versus Rs 170 crore posted in the year-ago period. The Q3FY25 revenue from operations stood at Rs 1,317 crore, which grew by 2% versus Rs 1,289 crore in the corresponding quarter of the previous financial year. On a sequential basis, the profit after tax (PAT) grew 7% as against Rs 157 crore posted in Q2FY25. Meanwhile, the topline increased 1.6% versus 1,296 crore in the July-September quarter. The earnings were announced after market hours and Tata Technologies shares ended at Rs 816.75 on the BSE, gaining by Rs 4.30 or 0.53% over Monday's closing price. Tata Technologies reported the total operating revenue at Rs 1,317.4 crore, up 2.2% YoY and 1.6% QoQ. The services segment revenue stood at Rs 1,013 crore, an...

[hfe_template id='11223'] [ad_1] Shares of Tata Group company Tata Technologies today surged 3.3% to day’s high of Rs 1,083.45 on the BSE despite securing a ‘reduce’ rating and a target price of Rs 950 (a potential downside of 9%) for the stock from domestic brokerage firm Axis Capital. Axis Capital believes that there is no respite on growth cuts for the company even as VinFast ramp-down headwinds ebb ahead. “Anchor-client concentration is likely to increase, reversing recent progress,” said the domestic brokerage firm in its note. The brokerage firm also stated that the stock’s valuations are also high despite its underperformance on a year-to-date basis. Additionally, the company’s client concentration is also likely to rise further in FY25 after a decline over FY20-23. Also read: Hot stocks: Brokerage views on Varun Beverages, PB Fintech, Tata Tech, 360 One and GMR Airports Recently, global brokerage firm Citi had also maintained its sell call on the stock with a tar...

[hfe_template id='11223'] [ad_1] Shares of Tata Group companies Trent and Tata Technologies were in focus on Tuesday after block deals were witnessed in the pre-market window. Trent’s shares rose 1% to a day’s high of Rs 6,998.15, while Tata Technologies’ shares fell 3.4% to the day’s low of Rs 1,013 on the BSE. However, nearly an hour later, Trent shares were down 0.5%, while Tata Tech recovered its losses trading flat with a slightly negative bias. Here are the brief details about the block deals: Trent Reportedly 6.8 lakh shares of the company worth Rs 470 crore changed hands in a pre-market block deal. The shares changed hands at Rs 6,925/share, according to reports.The official buyers and sellers of the transaction are not currently known.The shares of Tata Group's lifestyle company were also in focus on Monday after the NSE Indices Committee announced the changes for the September 2024 rejig, which made way for the stock’s inclusion in the Nifty50 index.The new...