State-run lender Punjab National Bank (PNB) expects to mobilise $2.5-3 billion through Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits following the Reserve Bank of India’s recent measures aimed at attracting foreign currency inflows. Speaking to CNBC-TV18, MD & CEO Ashok Chandra said the RBI’s steps are “highly positive” for banks and could help the banking sector…
The stock market saw notable moves today as several stocks emerged as top gainers and losers. Leading the gainers were companies that posted positive developments or benefited from sectoral momentum. These stocks recorded significant price appreciation, supported by higher trading volumes and positive investor sentiment.Meanwhile, the losers list featured stocks that came under pressure due…
Sectorally, the weakness was widespread, with all indices except Nifty Pharma and PSU Bank opening in the red. IT and Realty stocks were among the worst hit, falling over 1.6 per cent each. Heavyweight laggards included Wipro, M&M, IndiGo, Hindalco, and Tata Steel, which led losses across sectors. Meanwhile, stocks like Nesco slipped 1.5 per…
CMR Green Technologies IPO Allotment Date: The Rs 631-crore IPO received bids for 2,92,75,44,594 shares against 2,30,43,930 shares on offer, as per NSE data. CMR Green Technologies IPO Allotment Date: The initial public offer of CMR Green Technologies Ltd, a non-ferrous metal recycler, received a whopping 127 times subscription on the closing day of bidding…
In the previous trading session, Adani Enterprises Ltd surged to a closing price of 3048.2, marking a 2.54% gain. Hindustan Unilever Ltd advanced 2.02% to close at 2121.5, while Adani Ports & Special Economic Zone Ltd rose 1.86% to 1824.2. Bajaj Finance Ltd and Axis Bank Ltd also saw gains of 1.72% and 1.52%, closing…
PNB Housing Finance Limited, a constituent of the BSE 500 stock, has reported its Q4 results on April 20. The housing company reported a 19 per cent rise in fourth quarter net profit at Rs 656 crore as compared with Rs 500 crore in the year-ago period. The brokerage firm Motilal Oswal Securities Limited is…
Top stocks to BUY, SELL or HOLD Today: Brokerage recommendations are set to keep several stocks in focus in today’s (June 8) trading session, with analysts reiterating buy and underweight calls across sectors ranging from IT and consumer goods to building materials and textiles. Stocks including Wipro, Titan Company, PNB Housing Finance, Astral, Supreme Industries…
Wipro Share Price Target 2026Morgan Stanley has maintained a price target of Rs 192 on Wipro, reflecting an Underweight stance on the stock. The target indicates a marginal downside of around 3 per cent from current levels. Stock Performance Summary How did Wipro’s recent acquisition impact its market outlook? What challenges did Wipro face after…
South Korea’s KOSPI plunges over 8%, trading halt triggered as chip selloff deepens amid Iran–Israel tensions Source link
Titan Company’s share price will remain in focus on Monday after Elara Capital revised its outlook on the Tata Group firm, lowering its target price and trimming earnings estimates to factor in expected pressure on margins. While the brokerage remains positive on Titan’s long-term growth trajectory, it flagged near- to medium-term concerns around EBIT margins,…
