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Budget 2024: The Indian stock market is at record highs, foraying into unchartered territory, underpinned by solid economic growth, easing inflation, and expectations of a well-balanced Union Budget aimed at fiscal consolidation while boosting manufacturing, infrastructure, and rural sectors. The stock market has discounted most triggers, and the upcoming Union Budget is expected to offer fresh fuel to go higher. The government is unlikely to lose its grip on fiscal prudence, which is a positive Read More

Multiagger stock Shilchar Technologies has emerged as a top performer for long-term investors, demonstrating phenomenal returns. Over the last four years, its stock price has skyrocketed by an astounding 11550 percent, surging from ₹53.28 in June 2020 to approximately ₹6,207 presently. This exceptional growth underscores Shilchar’s consistent value appreciation, positioning it prominently in the penny stock segment and solidifying its reputation as a lucrative investment opportunity. Moreover, in the past three years alone, the stock Read More

Shares of Stanley Lifestyles, the freshly listed Indian furniture company, rose 9.11 percent to reach an all-time high of ₹517.20 during Monday’s trading session. The rally happened after the American investment bank Morgan Stanley picked up ₹16.76 crore worth of stake in the company on June 28, according to data collected from the Bombay Stock Exchange (BSE). Stanley Lifestyles’ share price opened 6.97 percent higher on Monday than its previous close of ₹474 on Friday, Read More

Avantel, a telecom product manufacturing company, has witnessed a sustained spike in its shares over an extended period, resulting in substantial returns for investors. After a prolonged period of stagnation, the stock gained momentum in March 2023 and has since maintained a steady upward trajectory. During this period, its share price has surged from ₹26 apiece to the current market price of ₹170, marking a significant gain of 554%. Notably, the stock closed positively in Read More

On the back of the likely rise in gas prices as well as the electric vehicle (EV) policy of the Delhi government, domestic brokerage house InCred Equities has downgraded Indraprastha Gas to ‘reduce’ from ‘add’ and cut its target price by 22.2 percent to ₹419 from ₹539 earlier. The new target indicates a downside of 12 percent for the gas stock. According to Incred, the expected increase in gas costs driven by higher APM (Administrative Read More