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Swiggy shares inflation 6% after UBS initiates coverage, analysts expect up to 26% surge
26 Nov

Swiggy shares inflation 6% after UBS initiates coverage, analysts expect up to 26% surge

Priyanka RoyBusiness, News
Shares of Swiggy Ltd, a leading player in food delivery and instant commerce, jumped 6 per cent to Rs 456 in morning trade on November 26, after UBS initiated coverage with a 'buy' rating. The brokerage highlighted Swiggy's strong growth prospects and set a target price of Rs 515, implying a potential upside of about 27 per cent from current levels. UBS pointed out that Swiggy is well positioned for growth, currently trading at a 35 per cent discount to Zomato.The stock rose 6.2 per cent to Rs 458 compared to its previous close of Rs 431.25 on the BSE,…
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NTPC shares jump 3% on Bernstein’s ‘outperform’ call; sees 20% rally
25 Nov

NTPC shares jump 3% on Bernstein’s ‘outperform’ call; sees 20% rally

Priyanka RoyBusiness, News
NTPC shares rose 3 per cent in morning trade on November 25 to hit Rs 377, continuing its gains for the second consecutive trading session after Bernstein maintained an 'outperform' rating on the company and raised the target price.With a target price of Rs 440, the international brokerage forecasts a 20.5 per cent upside from current market levels, citing strong power demand, lack of evening hours and the company's debt-cost advantage as key drivers.While analysts do not see any significant upside beyond these factors, they are also not expecting downside risk. NTPC shares are currently valued at 16 times FY25…
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Housing construction cost gain 39% in 4 years: Colliers
23 Nov

Housing construction cost gain 39% in 4 years: Colliers

Priyanka Roybreaking news, News
New Delhi, Nov 23 (PTI) The average cost of construction of housing projects in big cities has risen 39 per cent to Rs 2,780 per sq ft in the last four years, while construction material and labour have become costlier, according to Colliers India. Data from real estate consultant Colliers India shows that the average construction cost for premium housing projects was Rs 2,000 per sq ft in October 2020. The construction cost rose to Rs 2,200 per sq ft in October 2021, Rs 2,300 per sq ft in October 2022, Rs 2,500 per sq ft in October 2023 and…
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Oil prices rise, headed for weekly gain on Russia-Ukraine tensions
22 Nov

Oil prices rise, headed for weekly gain on Russia-Ukraine tensions

Priyanka RoyBusiness, News
Oil prices rose in Asian trade on Friday as traders placed a higher risk premium on crude oil amid growing concerns over Russia and Ukraine, capping a positive week. Supply disruptions in Norway and a brief drop in the dollar also supported oil prices early in the week, along with reports that the Organization of Petroleum Exporting Countries and allies (OPEC+) were likely to postpone planned production increases. The increased risk premium helped oil weather a bigger-than-expected rise in U.S. stockpiles. Brent oil futures for January expiration rose 0.4% to $74.54 a barrel, while West Texas Intermediate crude futures rose…
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Apple India’s net profit rose 23 percent to Rs 2,746 crore in FY24, revenue grew to Rs 67,152 crore.
21 Nov

Apple India’s net profit rose 23 percent to Rs 2,746 crore in FY24, revenue grew to Rs 67,152 crore.

Priyanka RoyBusiness, News
The company's total income grew 36 percent to Rs 67,121.6 crore in FY24.iPhone maker Apple India has reported a 23 per cent rise in net profit to Rs 2,745.7 crore in FY2023-24.This information has been given in the company's regulatory filing shared by Tofler.Apple India had reported a net profit of Rs 2,229.6 crore in FY23. The company reported a 36 per cent rise in total income in FY24, rising to Rs 67,121.6 crore from Rs 49,321.8 crore in FY23.Toffler said, "Apple India Private Limited, which provides and markets Apple brand products and software, including mobile devices and laptops, reported…
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Gold futures rose by Rs 335 to Rs 75,382 per 10 grams
20 Nov

Gold futures rose by Rs 335 to Rs 75,382 per 10 grams

Priyanka Roybreaking news, News
New Delhi, Nov 19 (PTI) Gold futures rose by Rs 335 to Rs 75,382 per 10 grams on Tuesday as speculators created deals amid strong spot demand. Gold contracts for December delivery inflation by Rs 335, or 0.45 percent, to Rs 75,382 per 10 grams on the Multi Commodity Exchange, with a turnover of 9,398 lots. Analysts said fresh deals by participants led to the rise in gold prices. Globally, gold futures rose 0.44 percent to $2,623.35 an ounce in New York.
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Shilpa Medicare shares jump 6 per cent on CEP approval from EDQM
19 Nov

Shilpa Medicare shares jump 6 per cent on CEP approval from EDQM

Priyanka RoyBusiness, News
Shilpa Medicare shares rose over 6 per cent in early trade on November 19, after it announced that its subsidiary Shilpa Pharma Lifesciences has received two Certificates of Suitability (CEPs) from the European Directorate for Medicines and Healthcare Quality (EDQM).At 1.15 pm, Shilpa Medicare shares were trading over 3 per cent higher at Rs 892. The stock has rallied a massive 180 per cent on a year-to-date basis, outperforming the Nifty 50 by a huge margin, which gained 9 per cent during the same time period.The first CEP received on November 18 was for Octreotide The second CEP approval received…
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Crompton Greaves shares gain 7% on the back of a stellar second quarter performance
18 Nov

Crompton Greaves shares gain 7% on the back of a stellar second quarter performance

Priyanka RoyBusiness, News
Shares of Crompton Greaves Consumer Electrical rose 7 per cent after the company reported a rise in its consolidated net profit and revenue for the quarter ended September. At 1.40 pm, Crompton Greaves shares were trading 4 per cent higher at Rs 385. The stock has gained 23 per cent on a year-to-date basis, outperforming the Nifty 50, which rose 8 per cent during the same time frame. The company reported a 27.8 per cent rise in consolidated net profit to Rs 124.9 crore, while revenue from operations rose 6.4 per cent to Rs 1,896 crore. Segment-wise, revenue from electric…
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Narmada Agrobase Q2 results: Company reports gain in net profit on lower expenses
16 Nov

Narmada Agrobase Q2 results: Company reports gain in net profit on lower expenses

Priyanka RoyBusiness, News
Narmada Agrobase Ltd has reported a manifold jump in net profit to Rs 1.29 crore in the July-September quarter on lower expenses. Revenue from operations for the second quarter of 2024-25 stood at Rs 10.24 crore as against Rs 11.40 crore in the previous year, the company said in a statement. Expenses declined to Rs 8.51 crore in the second quarter of FY25 from Rs 11.24 crore in the year-ago period. Operating profit or earnings before interest and tax depreciation amortisation increased to Rs 2.06 crore due to lower inventory and raw material costs. The company remains optimistic about its…
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Jio Financial Services shares jump 7 on inclusion in F&O contract
15 Nov

Jio Financial Services shares jump 7 on inclusion in F&O contract

Priyanka RoyBusiness, News
Shares of Jio Financial Services rose 7 to an intraday high of Rs 320.50 after NSE included the company in F&O contract.NSE released that futures and options contracts on 45 stocks, including Jio Financial Services, will start trading from November 29.In a indirect, NSE said, “ Members are advised to note that predicated on the stock selection criteria laid down by SEBI vide indirect no. SEBI/ HO/ MRD/ MRD- POD- 2/ P/ CIR/ 2024/116 dated August 30, 2024 and upon receipt of approbation from SEBI, members are hereby notified that futures and options contracts on the following 45 fresh securities…
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