Shares of Zomato extended losses on May 14, falling up to 6 percent in morning deals as the company's costs on account of its employee stock ownership plan (ESOP) are expected to rise shortly.Costs incurred under the ESOPs are non-cash expenses, and are likely to increase in the ongoing fiscal “on account of the grant of ESOPs to the Blinkit leadership team and senior employees”, Zomato manage...

The Indian benchmark indices were trading range-bound amid volatility on May 14. NSE Nifty 50 was trading up 40 points at about 22,140 levels at 10.45 am, with technical charts showing a long buildup and bullish signals.The Nifty option chain shows resistance at 22,250/ 22,300 zone. If these levels are surpassed, then the index could rise to test 22,600. Options data also shows a tussle between ca...

Shares of Hindustan Aeronautics (HAL) surged over 3 percent to hit a 52-week high of Rs 4,064 per share on May 14 after global brokerage firm UBS maintained a 'buy' call on the counter and raised the target price to Rs 5,200 per share from Rs 3,600, indicating an upside of 28 percent from current levels.UBS analysts highlighted the rationale behind the target upgrade on HAL to be led by earnings u...

Sensex and Nifty 50 came off-lows around noon on May 13 after having declined by nearly a percent. Automobile and oil and gas stocks were the major laggards.The domestic indices fell after a report revealed a decline in US consumer sentiment to a six-month low driving up short-term inflation expectations.At noon, the Sensex was down 316 points or 0.4 percent at 72,350 and the Nifty 50 was down 87 ...

Brokerages maintained their bullish stance on Bank of Baroda (BoB) after it posted an in-line January-March quarter (Q4FY24) performance. With both profit and net interest income (NII) growing by 2.3 percent year-on-year (YoY) in Q4, analysts view the stock's valuations as attractive for potential re-rating.So far this year, shares of BoB surged over 10 percent, outpacing a 1.5 percent rise in the...