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...

Benchmark Sensex and Nifty indices continued to trade in green on April 23 afternoon, led by gains in realty stocks. The rally helped ease market volatility as India VIX, which measures near-term volatility, fell sharply by 19 percent, last seen in May 2019.Around noon, the Sensex was up 263.09 points or 0.36 percent at 73,911.71, and the Nifty was up 83.80 points or 0.38 percent at 22,420.20. The...

Shares of Gujarat State Petronet Ltd (GSPL) failed to hold on to early gains and came sharply off their highs in afternoon trade on April 23, extending losses for the second straight session as a tariff cut prompted a series of downgrades.The stock took a beating in the previous session, falling 20 percent after the Petroleum and Natural Gas Regulatory Board (PNGRB) slashed tariffs for the company...