Wed, Apr 24, 2024 9:24 AM
📢 Benchmark indices open on a positive note today; Nifty above 22,400
A Flip by Shubhangi Gupta
Shares of the company gained more than 19 per cent in the last one month. Shares of Loyal Equipments Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. The company posted robust Quarterly Results.
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Shares of PSU bank stocks, at least four of which have more than doubled in value in just 1 year, fell up to 6% today with Canara Bank, Punjab National Bank and Bank of Baroda leading the downside. India's largest lender State Bank of India (SBI) also fell over 3% as a result of which Nifty PSU Bank index was down over 4%. The downside was an impact of RBI's draft circular proposing tighter guide.
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As far as quarterly results go, Amazon (NASDAQ: AMZN) shareholders have nothing to complain about right now. The e-commerce giant's first-quarter revenue of $143.3 billion and per-share earnings of $0.98 both topped estimates and were well up from year-ago levels. Amazon stock edged higher following Tuesday evening's release of the company's first-quarter report.
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