US Stock Reports, Quotes and News
Shares of Life Insurance Corporation (LIC) on Wednesday jumped more than 6 per cent after the firm said Sebi has granted an additional 3-year time till May 16, 2027, to comply with the 10 per cent public shareholding norm.
Vedanta\’s Q4 net profit down by over 27% YoY in March quarter. Investor sentiment remains positive with target prices raised. Chairman Anil Agarwal plans $20 billion investments in technology, electronics, and glass sectors in four years to diversify business activities.
Pakistan\’s benchmark share index touched a lifetime high on Wednesday, breaching the key level of 75,000, on hopes that easing inflation could pave the way for interest rate cuts as early as June.
Europe\’s benchmark index climbed to a record high on Wednesday, as upbeat earnings boosted industrials and healthcare stocks, while investors buckled up for a highly anticipated U.S. inflation print.
Nifty traded in the red on Wednesday breaking its two-session winning momentum in the morning trade led by selling pressure in bank and auto stocks. Around 12 pm today, the 50-stock index was trading at 22,186.25, down by 31.60 points or 0.14%.
Zomato Stock Price: Despite positive target price revisions from brokerages such as CLSA, Jefferies, Bernstein, and Elara, shares of foodtech platform Zomato experienced a decline of up to 6% to Rs 182.10 on Tuesday. CLSA raised the target price to Rs 248, Bernstein to Rs 230, Jefferies to Rs 230, and Elara Capital set the highest target at Rs 280 per share, all in response to the impressive Q4 results.
Shares of Cochin Shipyard experienced a notable surge of 10% on Tuesday, reaching a high of Rs 1,310.60 on the Bombay Stock Exchange (BSE). This surge followed the company\’s announcement of a significant order win to the exchanges on Monday.
Rail Vikas Nigam Limited (RVNL) witnessed a significant surge of over 6% to Rs 272 in Tuesday\’s trading on the Bombay Stock Exchange (BSE) following the announcement of receiving a letter of acceptance for an order worth Rs 239 crore from Southern Railway.
Japanese shares ended lower on Monday as investors grew cautious ahead of corporate earnings reports, while rising Japanese government bond yields weighed on sentiment.
BPCL Share Price: BPCL shares rose 5% despite a 35% net profit drop. Revenue was Rs 1.32 lakh crore. A 1:1 bonus was approved. Ebitda for the reporting quarter came in at Rs 9,213 crore. FY24 net profit was 26,673 crore.
Intellect Design Arena shares plunged over 15% to Rs 930 in Friday\’s trade on BSE after the company reported disappointing earnings for the March quarter of FY24, with revenue of Rs 612 crore, down 3.6% quarter-on-quarter (QoQ) and down 1% year-on-year (YoY). Revenue was impacted by the termination of the GeM contract.
The stock fell 20% for two consecutive days after January 31, when the Reserve Bank of India imposed restrictions on Paytm Payments Bank including accepting fresh deposits and doing credit transactions. On March 11, the RBI barred Paytm Payments Bank from onboarding new customers.