Castrol shares are slowly recovering after last Tuesday’s drubbing. The stock is seeing interest from some HNIs and PMS funds. Their bullishness stems not so much from a positive outlook on the auto sector, as much as on growing demand for data centers in the country. Data centers are energy guzzlers and need coolants, which are right up Castrol’s alley. The stock swiftly rallied from around R...

Shares of Bharat Electronics have staged a sharp rebound from the day's low after the company told investors that it is looking at an export turnover target of nearly $110 million. The outlook and commentary have sent the shares nearly seven percent higher from the day's low.BEL said it is targeting double-digit revenue growth of 15% in FY25 and an EBITDA margin of 23-25%.In a call on May 22, the ...

BSE Sensex and NSE Nifty 50 extended the previous session's gains with automobile and energy stocks leading the gains. However, concerns about the results of the ongoing general elections persist.The broader market outperformed the benchmarks with BSE Midcap rising 0.7 percent and BSE Smallcap gaining 1.4 percent.At 11:42 am, the Sensex was up 221 points or 0.3 percent at 72,998 and the Nifty 50 w...

Gold rush no moreManappuram's shares were among the big losers on Thursday, tumbling over 8 percent. Rising gold prices were supposed to have been positive for this NBFC, considering that it allows people to borrow more for the same amount of gold. But the RBI’s directive to NBFCs to stick to a cap of Rs 20,000 while disbursing cash loans has come as a dampener. The  Honey-tongued former fund m...

Banking stocks pushed benchmark indices the Sensex and the Nifty higher on April 29 afternoon. The broader market held on its own, with BSE midcap and smallcap indices rising to 0.4 percent.Around noon, the Sensex was up 682 points, or 0.92 percent, at 74,412.16, and the Nifty was up 148.80 points, or 0.66 percent, at 22,568.80. The market breadth favored gainers, as around 1,872 shares advanced, ...