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 ...

Sandeshkhali Case: Here's a timeline of what has transpired so farSandeshkhali Violence: The small island in the Sundarbans delta in West Bengal’s North 24-Parganas district has been at the centre of BJP-Trinamool politics in the state.After being on the run for over 50 days, Trinamool Congress leader Sheikh Shahjahan, the main accused in the Sandeshkhali case, was arrested on February 29. Shahj...

The domestic indices were trading broadly lower on Thursday. NSE Nifty touched the day’s low falling 97.75 pts or 0.55% to 17,797.95. The BSE Sensex dropped 364.28 or 0.61% to 59,741.22. Most of the broader market indices were trading in red with Bank Nifty falling over half a percent. Reliance Industries Ltd (RIL), Bajaj Finance, Bharti Airtel, ICICI Bank and Axis Bank were the most active equi...

Elin Electronics shares had a tepid listing on the bourses on Thursday after the IPO closed last week. The shares opened at a discount amid a positive domestic market, listing at Rs 243 on the BSE, as compared to the public issue price of Rs 247. The shares fell to a low of Rs 238, down 3.7%. The market predicted a muted listing ahead of the company’s debut since Elin Electronics’ shares were ...