The Gujarat State Petronet share traded 3 percent higher early on April 24 in a huge relief for investors after the stock crashed 24 percent over four sessions after the regulator slashed the tariff for its high-pressure network, triggering downgrades by a string of brokerages.The gains came despite analysts at UBS downgrading the stock to “sell” and slashing the price target, saying the tarif...

All NSE sectoral indices were trading higher except Nifty FMCG which was dragged by Tata Consumer Products. Nifty media led the gains, rising over 1 percent.Indian equity markets open on a positive note mirroring overnight surge in US markets and subsequent gains in Asian equities on April 23. At 09:16 am, the Sensex was up 205.86 points or 0.28 percent at 73,944, and the Nifty was up 45.90 points...

Shares of Tata Elxsi plunged 5 percent in early trade on April 24 after the company reported a decline in both net profit and revenue for the January-March quarter.At 9.15 am, the shares of Tata Elxsi were trading at Rs 7,120 on the NSE.The company's net profit for the March quarter fell 4.6 percent on-quarter to Rs 196.93 crore from Rs 206.4 crore clocked in the October-December period of FY24. T...

#1. India’s volatility index is close to a record low after falling the most in five yearsThe India Vix, a measure of stock market volatility, saw its steepest fall in five years to 10.2 and finished close to a record low, the Business Standard reported. It was the steepest decline since May 23, 2019, when the results of the Lok Sabha elections were declared, which was the 12th biggest single-da...

Emkay Research has initiated coverage on Bajaj Finance with a "buy" call and a target price of Rs 9,000, which is 23.4 percent higher than the stock's current market price.The brokerage based its positive outlook on three key factors: flawless execution of strategic plans, strong execution capabilities, and proactive identification and resolution of near-term challenges. The company's 3i execution...