Thu, Jan 16, 2025 9:30 PM
December retail sales signal strong economic growth to end the year
A Flip by Shubhangi Gupta
The shares of Trent, the fashion and retail arm of the Tata Group, witnessed a decline of 3.7% on Thursday and hit their day's low of Rs 6,152.50 on the BSE after domestic brokerage firm Kotak Institutional Equities downgraded the stock to ‘sell’ from an earlier ‘add’ rating. The domestic brokerage has also lowered the target price for Trent shares to Rs 5,850 from Rs 6,800.
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India's steel ministry is seeking 150 billion rupees from the budget to incentivize low-carbon steel production, part of a broader effort to cut emissions by 2070, with plans to offer incentives for reducing emissions, R&D, and raw material efficiency, and encourage banks to offer lower interest rates on renewable energy loans.
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Delhivery share price gained 3% during the intraday trades on Thursday. The company made a announcemnet pertaining to launch of 2-hour delivery service. Delhivery share price that opened at ₹327.40 on the BSE on Thursday, sligtly higher than the previus close of ₹325.15. The Delhivery share price thereafter saw further gains of up to ₹335, which transalated in to gains of almost 3%.
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