Hindustan Aeronautics Limited (HAL) shares hit a new all-time high of Rs 4,656.4, jumping as much as 10 percent at close on May 16, following the company’s strong Q4 results. The stock marked its fifth consecutive day of gains.The optimism was also fueled by global brokerage firm UBS, which maintained a 'buy' rating on the stock and raised the target price to Rs 5,200 per share from Rs 3,600 ahe...

The second comingThis well-networked HNI based out of suburban Mumbai, who was active during the dotcom boom of 2000 and then abruptly vanished from the scene, has made a quiet comeback. His name has been figuring in some of the major block deals of late, Cipla and ITC being the notable ones. What has set tongues wagging is that this HNI has been figuring among the bidders in the block deal window...

Gold prices appeared set for a second consecutive weekly gain on Friday, after recent U.S. inflation data fuelled expectations that the Federal Reserve could cut interest rates this year.Spot gold was up 0.1% at $2,379.14 per ounce, as of 0236 GMT. Bullion prices have gained 0.7% so far this week.U.S. gold futures were flat at $2,383.20.The dollar index was down 0.6% for the week so far, against i...

Ultratech Cements' shares have has given a reversal breakout after trading within a falling channel. On May 17, Ultratech Cement's shares jumped over 1.16 percent to above Rs 9,822.The stock had been trading within a falling channel and recently it has reversed from the lower end of the falling channelJay Thakkar, Head Derivatives and Quant Research at ICICI Securities, recommends taking a bull ca...

Kaynes Technology skyrocketed over 16 percent to Rs 2,989 per share on May 17 after the company reported an upbeat January-March quarter (Q4FY24) performance.So far in 2024, shares of Kaynes Tech surged over 10 percent, outperforming the Nifty 50 index, which saw a rise of 2 percent. Earlier, the stock hit a 52-week high of Rs 3,248 per share on March 5, 2024.Kaynes Tech's consolidated net profit ...