Latest Stock Market News

These 4 stocks closed above VWAP on February 5

Updated at : 2025-02-06 10:20:02

Rate this item

(1 Vote)

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which the stock was traded throughout the day, with the average weighted by trading volume.

ICICI Securities maintains a hold rating on Bajaj Electricals with a target price of Rs 760, down from Rs 900. Bajaj Electricals, a Mid Cap company in the Consumer Durables sector, reported a consolidated total income of Rs 1302.51 crore for Q3 FY24, a 14.91% QoQ increase, with a net profit of Rs 33.36 crore.

Ola Electric share price: Ola Electric shares are expected to remain in the spotlight on Thursday, February 6, following the company s announcement of its foray into the motorcycle segment with the launch of five variants of the Roadster X series, starting at an introductory price of Rs 74,999.

Azad Engineering share price: Azad Engineering will manufacture highly complex machined parts in India for the entire lifecycle of the engine program. This deal strengthens the ongoing partnership between Azad Engineering and Rolls-Royce, emphasizing their shared commitment to aerospace manufacturing, precision engineering, and innovation.

Rate this item

(1 Vote)

IndiGo share price: A larger penalty of Rs 113.02 crore was imposed by the Additional Commissioner of Central Goods & Service Tax - Delhi South Commissionerate. The order claims that IndiGo incorrectly classified services provided to offshore recipients as exports, resulting in GST evasion.

Rate this item

(1 Vote)

Reliance Power share price saw a significant rise of 8.64% following the announcement of a net profit of Rs 41.95 crore for the December quarter, marking a recovery from a large loss last year. Despite a decline in revenue, reduced expenses and an exceptional gain from a previous quarter contributed to the turnaround.

Sensex drops over 150 points; Nifty below 23,650

Updated at : 2025-02-06 10:20:02

Rate this item

(1 Vote)

Indian stock markets turned negative on Thursday morning as major stocks like HDFC Bank, ITC, and M&M dragged the indices down. Investors await the RBI s monetary policy decision and react to ongoing trade war concerns. Power Grid, Infosys, and Bajaj Finance were the top gainers. Swiggy shares fell while Reliance Power shares rose after their respective quarterly results.

The Indian rupee touched an all-time low on Thursday due to high dollar demand and a bearish market sentiment for the currency. Despite interventions by state-run banks, likely on behalf of the Reserve Bank of India, the rupee continued its downward trend. The rupee has declined about 2% this year, making it the worst performer among Asian currencies.

Motilal Oswal Financial Services recommended a buy on Piramal Pharma with a target price of Rs 300. The current price is Rs 233.4. Despite a quarterly income dip, the company anticipates growth in the CDMO/CHG segments. Piramal Pharma, a Small Cap company with Rs 30903.19 crore market cap, has notable top management and superior future estimates.

Nifty companies faced significant EPS cuts in January, with industrials, pharmaceuticals, and IT being slightly immune. Key sectors like insurance and metals saw severe reductions. FY26 corporate earnings are expected to improve due to increased consumption demand and government spending. Challenges include muted performance in automobiles, consumer staples, and cyclical sectors like oil & gas and metals.

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.