Shares of Bharat Electronics Ltd (BEL) zoomed 8 percent to hit a fresh record high of Rs 283 apiece on NSE on May 21, a day after the company reported above-estimate earnings for the quarter ended March 2024, driven by better-than-expected EBITDA margin, PAT and strong revenue growth.Up-fronting of order inflows led to a beat in overall order inflows for the company.The state-owned company reporte...

Bata India’s derivative data reveals a long build-up with an open interest addition in futures and put writing at Rs 1,300 strike. The open interest in futures is at 41 lakhs, with a significant addition in the last two sessions.The stock is currently trading at around Rs 1,374, up by 0.80 points. According to Avdhut Bagkar, Head of Technical and Derivative Research at Stoxbox, the at-the-money ...

Second order effectAs Vodafone begins repaying the money it owes various parties, including the government, some HNIs have resumed loading up on shares of Indus Towers. The Silent Investor is said to be leading the charge of the bull brigade, having bought some more stock last week. It is not clear yet how much of Indus’s dues will be cleared by Vodafone in the foreseeable future.  Analysts are...

Here is a collection of the most important stories this morning:Bandhan Bank may look outside in search of a successor to GhoshKolkata-based Bandhan Bank may consider an external candidate as successor to managing director and chief executive officer (MD and CEO) Chandra Shekhar Ghosh, who recently announced his scheduled retirement on July 9. MC Inside Edge: Silent clambers up Indus; Honey & Co ...

Copper surged to a fresh record, extending a months-long rally driven by financial investors who have piled into the market in anticipation of supply shortages.Copper futures on the London Metal Exchange jumped as much as 1.7% to $10,848 a ton, exceeding the previous record set in March 2022.The record in the benchmark London contract also comes as the global copper world is being roiled by a mass...