Citi Bullish on IndiGo: Q4 Yields to Improve, Target Price Increased to ₹5,200

Global brokerage firm Citi has reaffirmed its positive outlook on Interglobe Aviation, maintaining its existing ‘Buy’ rating. Additionally, the firm has raised its target price for the company’s stock to ₹5,200, up from the earlier projection of ₹5,100. This upward revision reflects Citi’s expectations of improved yields for Interglobe Aviation in the fourth quarter of … Read more

Dividend Alert: Prithvi Exchange, ASM Technologies Shares Trade Ex-Dividend Today

Investors and market participants are expected to closely monitor the shares of Prithvi Exchange (India) Ltd. and ASM Technologies Ltd. on Monday, February 24, 2025, as both companies are set to begin trading ex-dividend on this date. This development is significant for shareholders who wish to be eligible for the companies’ upcoming interim dividend payouts. … Read more

Vedanta Share Price Falls in Line with Broader Market Weakness

During Monday’s trading session, Vedanta’s share price declined by over one percent, mirroring the broader weakness observed across the Indian stock market. This downturn comes amid persistent challenges, primarily driven by sustained selling pressure from foreign institutional investors (FIIs). Adding to the market’s instability are growing global uncertainties, particularly those related to the Trump tariffs, … Read more

RVNL’s Winning Streak Continues with ₹156 Crore Project, Stock Soars 10%

Rail Vikas Nigam Ltd (RVNL) has announced a significant achievement with a new project order valued at ₹156 crore from the South Western Railway. This development adds to RVNL’s streak of consecutive order wins, driving positive sentiment around the stock. RVNL Share Price Performance Despite starting Monday’s trading session on a subdued note, RVNL shares … Read more

Quality Power’s Market Entry: Shares List 1.66% Higher on Dalal Street

Shares of Quality Power Electrical made a lukewarm debut on Dalal Street on Monday, February 24, following a last-day subscription rush for its Initial Public Offering (IPO). Despite the late surge in demand, the stock witnessed only modest gains upon listing. On the Bombay Stock Exchange (BSE), the shares opened at ₹432.05, marking a 1.66% … Read more

Bajaj Auto’s Board Approves Major ₹1,364 Crore Investment in European Subsidiary

In a significant step towards enhancing its global footprint, Bajaj Auto Ltd. has unveiled plans to invest up to €150 million (approximately ₹1,364 crore) in its wholly-owned subsidiary, Bajaj Auto International Holdings BV (BAIH BV), headquartered in the Netherlands. This strategic move is aimed at bolstering the subsidiary’s growth trajectory and exploring future investment opportunities … Read more

India’s Auto Component Market Gears Up for 8-10% Growth in FY26: ICRA Forecast

India’s auto component industry is gearing up for consistent revenue growth over the next two fiscal years, according to projections by ICRA Research. After a strong performance in FY24, the sector is expected to continue its upward trajectory, with revenue growth estimates ranging from 7-9% in FY25 to 8-10% in FY26. This growth reflects a … Read more

Godrej Industries Rallies 38% in Just 5 Sessions After Impressive Q3 Earnings

Godrej Industries, the flagship holding company of the esteemed Godrej Group, has recently emerged as a standout performer in the Indian stock market. This resurgence comes on the back of its impressive financial results for the third quarter, which exceeded market expectations and significantly boosted investor sentiment. The company’s robust earnings report not only bolstered … Read more

Big Moves in Nifty 50: Zomato, Jio Financial Replace Britannia, BPCL

Zomato, a leading food delivery platform, and Jio Financial Services, a major player in the financial sector, have officially joined the Nifty 50 index following the latest semi-annual reshuffle. This periodic adjustment, conducted to ensure the index reflects the most relevant and high-performing companies, has led to the exclusion of Bharat Petroleum Corporation Limited (BPCL) … Read more