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 ...

Sensex and Nifty 50 recovered from losses around noon on May 17, with automobile and financial services stocks supporting the indices."The market is currently in a recovery phase and we anticipate this trend to persist till broad-based interest returns," said Kranthi Bathini, Director-Equity strategy, Wealth Mills Securities.At 11:05 am, the Sensex was up 268 points or 0.4 percent at 73,932 and th...

Naukri parent Info Edge gained eight percent in trade on May 17, after the firm's bottom-line swung into the black for the quarter ended March.Info Edge’s consolidated revenue rose nine percent to Rs 657 crore during the period. It registered a net profit of Rs 162 crore in Q4, compared to a loss of Rs 447 crore in the year-ago period.Info Edge saw its recruitment business revenue grow a modest ...

Shares of Dixon Technologies shot up 10 percent to hit a 52-week high of Rs 9,062 in early deals after the stock was awarded a rating upgrade by global brokerage firm Morgan Stanley. The brokerage upgraded the stock to an 'equal-weight' from the earlier 'underweight’ call.The brokerage firm assigned a price target of Rs 8,696 apiece for the stock to reflect an upside potential of a little over 5...