Nuvama
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Axis Bank stock plunges 7% amid concern over credit cost
Shares of Axis Bank slumped nearly 7 per cent on Thursday to ₹1,150.50 on the NSE due to concern over credit costs. The bank on Wednesday reported a 5.66 per cent rise in consolidated net profit for the June quarter at ₹6,436 crore. However, its gross non-performing assets (GNPA) increased sequentially.
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Adani Group’s Ambuja Cements stock surges on Penna Cement acquisition
Shares of Ambuja Cements hit a new high on Friday’s trade following the acquisition of Penna Cement.
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Zomato recovers 2% as bullish brokerages hike the target price
Shares of Zomato rose over 2 per cent on the NSE on Wednesday after it tanked two days post the company’s Q4 financial results, although analysts gave thumbs up to its performance. Analysts also expect its weightage in the MSCI EM Index likely to go up after today’s rejig by the global index major that will take effect from May 31.
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Siemens stock surges over 7% after announcing Q4 results, demerger of energy business
Shares of Siemens Ltd hit a new high at ₹7,240 on the NSE on May 15, a day after the company announced its Q4 financial results and demerger its energy business into a separate entity that will be listed.
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Marico surges 10% on strong Q4 results; brokerages bullish with upgraded price targets
Shares of Marico Ltd zoomed 10 per cent on Tuesday after the company reported a 4.9 per cent rise in consolidated net profit in quarter that ended March 2024. A few brokerages even upgraded the FMCG company post-results and hiked price targets.
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Havells gathers speed to hit all-time high; analysts divided over its prospects
Shares of Havells India Ltd surged on Thursday after the company reported its Q4 financial results. The stock has hit a fresh high at ₹1,706.85 and traded at ₹1,669.20 on the NSE, up 0.31 per cent as of 1.03 pm. .