Persistent Systems shares tumbled nearly 10 percent on June 29 after the IT services company announced plans to acquire German digital engineering firm Nagarro SE in a Euro 1.4 billion deal. Brokerages offered sharply divergent views on the transaction, ranging from very bullish to bearish.The stock fell as much as 9.8 percent to Rs 4,365.5, extending early morning losses, and emerging as the top ...

The benchmark indices witnessed profit booking in the second half of the session and closed off the day's high with marginal gains on June 25. Market breadth remained weak, with about 1,972 shares declining against 1,020 advancing shares on the NSE. The consolidation may continue as long as the market trades below Friday's high. Below are some short-term trading ideas to consider:Rajesh Palviya, S...

Vedanta Aluminium Metal Ltd may be down more than 12 percent from its listing price, but brokerages remain firmly positive on the newly listed company, citing a favourable aluminium cycle, operational growth prospects and improving cost competitiveness. CLSA has maintained an "Outperform" rating on Vedanta Aluminium with a target price of Rs 540 per share, implying an upside of about 18 percent fr...

Shares of Tata Motors Ltd, the demerged commercial vehicles (CV) business of the Tata group, rose nearly 4 percent in morning trade on June 24 after multiple brokerages reiterated their positive outlook on the company. Analysts cited strong industry demand, market-share gains and margin expansion prospects. The stock traded at Rs 414.40, up 3.6 percent during the session. Since its listing in Nove...

The data showed that Bachchan purchased 41,566 shares at Rs 199.90 per share and sold 1.23 lakh shares at Rs 200.84 per share.DP Wires shares rose as much as 8 percent in intraday trade on Wednesday amid heavy volumes, a day after actor Amitabh Bachchan sold shares worth Rs 1.64 crore in the company.The stock has been gaining for the last three trading sessions and has advanced 21 percent during t...