Fuelled by the government's spending spree, shares of railway companies have been firing on all cylinders for the past year. 10 stocks from the sector have turned multibaggers since last year's Budget on February 1. IRFC, Ircon, Texmaco Rail & Engineering, Oriental Rail Infrastructure, Jupiter Wagons, and Railtel Corporation Of India have tripled investors' money, rising between 209-367%.
Open FlipShares of software company Oracle Financial Services Software (OFSS) soared over 27% on Thursday to all-time highs as traders mounted bullish derivative bets after the company's third-quarter results beat expectations. Though the stock may be overbought, analysts remain optimistic about the company's prospects of record deal wins in a global economic environment.
Open FlipShares of Shree Marutinandan Tubes Ltd listed at a 46 percent premium after the company's public issue was subscribed over 47 times last week. The stock opened at Rs 200 a share on the BSE SME platform from its issue price of Rs 143 a share. At 10.05am, the stock was trading at Rs 210 on the BSE SME, up 46.85 percent from its issue price.
Open FlipShares of Home First Finance Company soared nearly 8 percent in early trade on January 19 to scale a 52-week high of Rs 1,061, a day after it posted strong growth in its Q3 net profit and assets under management (AUMs). The NBFC's net profit for the October-December quarter surged 34.2 percent on-year to Rs 79 crore.
Open FlipKonstelec Engineers Limited's Rs 28.7-crore initial public offering (IPO) will open for subscription on January 19. Purely a fresh issue, the IPO will close on January 23. Founded in December 1995, the firm offers a range of services including engineering and drawings, procurement, operations and maintenance, project management and construction and commissioning.
Open FlipShares of iRobot (NASDAQ: IRBT) fell 14.2% on Thursday as investors speculated over the implications of an upcoming meeting of the U.S. Federal Trade Commission (FTC) on Amazon's (NASDAQ: AMZN) pending acquisition of the home-robotics specialist. After the regular session closed, however, iRobot stock plummeted another 40% in after-hours trading.
Open FlipYouTube said in a statement Thursday that it isn’t planning to launch a new app for the Apple Vision Pro, nor will it allow its longstanding iPad application to work on the device — at least, for now. YouTube, like Netflix, is recommending that customers use a web browser if they want to see its content: “YouTube users will be able to use YouTube in Safari on the Vision Pro at launch.”
Open FlipThe recent selloff of HDFC Bank shares by foreign portfolio investors could prompt a re-evaluation of its potential weight in the MSCI index. If foreign holdings in the private lender fall by 3.87% over their December holdings, it could result in the bank's weightage on the global index increasing, according to analysts.
Open FlipListed real estate developer Arihant Superstructures Limited plans to make its debut in the hospitality business by creating annuity income from businesses including a hotel, a gymkhana and a club. The developer is planning to build 30 lakh sq ft of real estate near Mumbai Trans Harbour Link (MTHL) and the upcoming Navi Mumbai International Airport with a projected revenue of Rs 3,000 crore.
Open FlipStocks to Watch on January 19, 2024: 📌Reliance Industries 📌REC 📌State Bank of India 📌JSW Infrastructure 📌Lupin 📌Wipro 📌Bandhan Bank 📌Shalby 📌Jindal Stainless 📌Bajaj Finance 📌Power Finance Corp 📌Dhunseri Ventures 📌Indian Bank 📌IndusInd Bank 📌Finolex Industries.
Open FlipVans sneaker maker VF Corp said on Thursday the cyber incident that hit the company in December led to a breach of personal data of about 35.5 million consumers, and added that it does not expect a material impact to its financials. The unauthorized activity delayed order fulfillment and led to cancellation of some product orders, VF disclosed in a regulatory filing.
Open FlipIndusInd Bank impressed the street with a healthy set of number for the December quarter and analysts remain bullish on the counter, counting steady margins, improving retail deposit mix and strong loan growth as some of the key positives. In the past year, the stock has jumped more than 31 percent, outperforming Bank Nifty index which is up 8 percent.
Open FlipThe legal dispute over whether it was appropriate to freeze $8 million in personal assets belonging to a former top Ohio utility regulator caught up in a federal bribery investigation has ping-ponged once again. It's just the latest development in the yearslong fight over property belonging to Randazzo, a one-time chairman of the Public Utilities Commission of Ohio.
Open FlipShares of Shoppers Stop slumped 5 percent in the early trade on January 19, a day after the company posted a sharp decline in its third quarter net profit. The company's net profit fell 41.2 percent on year to Rs 36.70 crore. The fall was more severe due to a high base of the previous year, which included reversal of interest on GST worth Rs 17 crore.
Open FlipThe replacement for the ground-based U.S. nuclear arsenal anchored by the Minuteman III has officially busted through its $95.8 bn budget due to the COVID-19 and inflation, the Air Force said on Thursday. The Air Force is notifying Congress that the program, being designed and managed by Northrop Grumman Corp, is now at least 37% over a pre-pandemic cost estimate finalized in September 2020.
Open Flip