Shares of Supreme Industries surged over 4 percent to Rs 6,264 per share on July 10 after global brokerage firm Jefferies shared a 'Buy' call and raised the target price to Rs 6,700 apiece, indicating an upside of 7 percent from current levels. The upgrade came after volumes grew 22 percent on-year during the April-May period despite a high base.So far this year, the stock of the plastic pipes man...

The Supreme Court on Friday refused to accept in a “sealed cover” Centre’s suggestion of experts’ names for inclusion in the committee to be set up to probe the Adani-Hindenburg issue, reported The Indian Express.A bench led by Chief Justice DY Chandrachud and comprising Justices P S Narasimha and J B Pardiwala said that top court would select the experts on its own and not take suggestion...

Shares of SpiceJet on Tuesday fell by 4 per cent on Tuesday after the apex court directed the airline to encash bank guarantee and pay Rs 270 crore to its former promoter Kalanithi Maran. The scrip of the company declined 3.99 per cent to Rs 33.65 apiece on the NSE.The stock witnessed a similar movement on the BSE, where it slumped by 3.85 per cent to Rs 33.70 per share. Meanwhile, the 30-share...

Market regulator SEBI has indicated to the Supreme Court that it is not in favour of banning short-selling or sale of borrowed shares, and said it is investigating allegations made by a tiny short-seller against the Adani Group as well as its share price movements.The Securities and Exchange Board of India (SEBI) in written note before a bench headed by Chief Justice DY Chandrachud, which was ...

The Centre on Monday agreed to the Supreme Court’s proposal to set up a panel of experts to look into strengthening the regulatory mechanisms for the stock market in the wake of the recent Adani group shares crash triggered by Hindenburg Research’s fraud allegations.Saying it has no objection to constituting the panel, the Centre, at the same time, stressed that market regulator Securities and...