Latest Stock Market News

IRFC Q1 results: State-run Indian Railway Finance Corporation (IRFC) reported a net profit of Rs 1,577 crore for the quarter ended June 30, 2024 which was up by 1.6% over Rs 1,551 crore reported by the company in the year ago period.

Nifty and Sensex fell slightly on Monday, despite a volatile session and new Hindenburg allegations against SEBI chief Madhabi Puri Buch. Nifty50 dropped 0.08%, while Sensex fell 0.7%.

Ethereum, currently priced at $2,679.08 USD, has experienced considerable price fluctuations. Analysis indicates short-term stability and long-term growth potential. With price targets between $3,500 to $35,000 by 2030, the future of Ethereum looks promising, driven by expanding use cases and significant adoption. Market trends and technological developments are key factors affecting its future value.

FSN E-Commerce Ventures, which operates beauty and fashion omnichannel retailer Nykaa, is expected to report healthy revenues during the first quarter ended June 2024, driven by the BPC (beauty and personal care) and fashion businesses.

Shares of Inox Wind zoomed to lock at an upper circuit of 20% to its fresh all-time high of Rs 209 after the company posted a profit of Rs 50 crore in the June quarter against a loss of Rs 65 crore in the corresponding quarter of the last year.

On August 9, seven stocks from the Nifty50 pack appeared in the RSI Trending Up scan, according to the stockedge.com data

Hindenburg Research is back in the news with a fresh set of allegations flying, though this time around, the Securities and Exchange Board of India (Sebi) and its Chief Madhabi Puri Buch are at the receiving end.

Stating that Adani Green Energy’s (AGEL) RE capacity would see >30% CAGR during FY24-30, domestic brokerage firm Emkay Global initiated coverage on the stock with a buy rating and a target price of Rs 2,550.

The Indian REITs Association (IRA) has refuted the claims of US-based short seller Hindenburg that regulatory changes were made to favor a major financial conglomerate, and called them "misleading" and "baseless."