L&T Tech shares tank 6% after inking pact with parent co to buy SWC business

Shares of L&T Technology Services (LTTS) fell more than six per cent in Friday’s trade after the company announced its decision to acquire the Smart World & Communication (SWC) business…

Rekha Jhunjhunwala raises stake in NCC; ICICI Direct sets target at Rs 110

Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala has raised stake in construction firm Nagarjuna Construction Company (NCC) during the October to December 2022 quarter. According to the shareholding pattern…

Archean Chemical shares at Rs 760? ICICI Securities sees 33% upside on this newly-listed stock

ICICI Securities has initiated coverage on recent debutant Archean Chemical Industries with a ‘Buy’ rating and a target of Rs 760. The target price suggested a 33 per cent potential…

National Standard shares extend gains, jump 20% to hit upper circuit today

Shares of National Standard (India) jumped 20% per cent to hit their upper price band of Rs 5,710.60 in Friday’s trade over its previous close of Rs 4,758.85. At today’s…

BCL Industries board okays Rs 201 crore fund raising; stock up 35% in a week

BCL Industries’ share scripted a quick recovery from the early cuts. The stock rose in the early trade on Friday after the company announced to raise funds via convertible warrants. …

Cyient shares at Rs 1,100? Motilal Oswal sees 20% upside potential for IT stock

Shares of Cyient climbed 4 per cent in Friday’s trade after the company reported a strong set of quarterly results. Cyient on Thursday reported a 23.6 per cent year-on-year (YoY)…

Here’s why Anand Rathi sees 26% upside in Jhunjhunwala-backed Star Health stock 

Shares of Star Health and Allied Insurance Company are down over 34 per cent from its 52-week high of Rs 865.30, hit on January 18, 2022. However, the Jhunjhunwala-backed stock…

Goldiam International shares zoom 25% in three sessions; here’s why

Shares of Goldiam International zoomed 25% in three sessions after ace investor Ashish Kacholia bought stake in the company in the December quarter. The stock of the integrated manufacturer and…

HCL Tech shares fall after Q3 results, dividend announcement. Here’s why

Shares of HCL Technologies (HCL Tech) were trading 3 per cent lower in Friday’s trade, even as the IT major reported a strong set of results for December quarter and…

Sensex, Nifty drop in early gains; HCL Tech, Gujarat Gas, Radio City plunge up to 20%

Domestic equity indices could not sustain early gains and dropped sharply on Friday despite the positive cues from the global peers. Even moderation of inflation in both India and US…