Shares of railway-related stocks traded mixed on December 17, with names like Railtel Corp, Texmaco Rail, and Rail Vikas Nigam gaining 1-2 percent while others like Titagarh Rail, Jupiter Wagons, and IRFC witnessed slight profit booking that dragged the stocks into the red.This comes after railway stocks bounced back into the limelight in the past month's strong optimism over the sector's growth p...

Shares of Quess Corp are higher by 10% in early trade after Antique Broking initiated coverage with a Buy recommendation and a target price of Rs 1,000 per share on an improved growth outlook.Quess Corp shares are rising on very strong volumes to climb above 20 and 50-DMA, clocking its best day in over 12 weeks. The target price assigned implies a 50% upside from Monday's closing price.The Antique...

Shares of IT major Wipro gained as much as a percent to Rs 312, hovering close to its 52-week high on December 17 after the company announced a deal to buy 100 percent shareholding in Applied Value Technologies and its affiliates Applied Value Technologies Pte Ltd and Applied Value Technologies BV.This purchase is expected to bolster Wipro’s existing application services capabilities and create ...

Shares of newly listed Afcons Infrastructure gained 5 percent to Rs 568 to hit a fresh record high on December 17, extending gains for a second trading session in a row after Investec initiated coverage with a 'buy' call and assigned a price target for the stock.With a price target of Rs 630, the brokerage anticipates an upside potential of 17 percent from the last closing price of Rs 540 on the N...

Nifty Trade SetupThe Nifty 50 took a breather after a significant rally, making a negative start to the week on December 16. The index closed below 24,700 but still held above the falling resistance trendline as well as above all key moving averages. Therefore, it may consolidate further in the upcoming sessions, with support at 24,500, according to experts. On the higher side, sustaining above 24...