Rupee falls by 3 paise to 83.31 against the US dollar in early trade on Monday. The rupee declined 4 paise to settle at its lifetime low of 83.33 (provisional) against the US dollar on Friday, tracking an upward movement in crude oil prices and foreign capital outflows.
Brokerage firm Jefferies has upgraded India’s largest mining company Coal India Ltd. to “buy” from its earlier rating of “hold.” Jefferies has also raised its price target on Coal India to ₹385 apiece from ₹240 earlier. The revised price target implies a potential upside of 16% from Sunday’s closing levels. The stock closed at the…
Coal India Ltd reported a better-than-expected Q2 results, thanks to higher-than-expected coal prices and lower-than-expected employee cost. Analysts noted that power demand usually peaks in May due to summer heat waves but a drier monsoon and high economic activity this year kept the demand elevated for Coal India, which is a seasonally weak quarter. Considering…
According to the most recent price notification by fuel retailers, petrol and diesel prices have been unchanged on November 13 in major cities, and costs have been steady for a year now. However, the prices of petrol and diesel change state by state, depending upon various criteria such as Value Added Tax (VAT), freight…
Technical analysts Mitessh Thakkar of earningwaves.com and Prakash Gaba of prakashgaba.com share their top stock picks for the day. From Mitessh Thakkar Mitessh Thakkar’s first buy call of the day is on Ashok Leyland. He recommends this with a stop loss below Rs 174 for an upside target of Rs 181. Shares have declined more than 1% in…
Shares of IndusInd Bank, Suzlon Energy, Persistent Systems, APL Apollo Tubes, One 97 Communications Ltd (Paytm), Polycab India and Tata Communications Ltd are among the seven stocks that will see inflows of up to $288 million each from passive funds, as they make their way into MSCI Global Standard Index on November 14. The global…
Stock markets update: Equity benchmark indices witnessed a decline a day after Diwali on Monday. In the early trade, the 30-share BSE Sensex fell 318.75 points to 64,940.70 in early trade. The Nifty declined 82.8 points to 19,442.75 points. More details are awaited..
Eicher Motors shares rose 2.5% in early trade to make the Royal Enfield maker the top Nifty 50 gainer on November 13, after the firm reported its highest-ever net profit for the second quarter that ended September 30, 2023. The automaker’s consolidated net profit increased by 55% to ₹1,016 crore for the second quarter, driven…
The stock of Protean eGov Technologies, formerly NSDL E-Governance Infrastructure, made a flat debut on the exchanges on Monday, November 13. The stock was listed at ₹792 on the Bombay Stock Exchange (BSE) against its issue price of ₹792 apiece. According to market analysts, are trading with a premium of ₹48 in the unlisted…
Gold prices on Monday in India is at Rs 5,545 per gram for 22 carat, while for 24 carat, the prices is at Rs 6,049 per gram. The price of 22-carat gold on the morning of November 13 was at Rs 55,550 per 10 grams; Rs 60,600 for 10 gm 24-carat gold and silver at…