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Stock Market Today: Nifty 50, Sensex end flat after Contact with New Record Highs.

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Stock Market Today: The Sensex closed 20 points, or 0.03 percent, lower at 75,390.50, while the Nifty 50 fell 25 points, or 0.11 percent, to 22,932.45.

Stock market today: Indian stock market benchmarks, the Nifty 50 and the Sensex, closed flat after reaching new intraday highs on Monday, May 27, on profit booking at higher levels amid mixed global indications.

After beginning higher, the Sensex and Nifty 50 reached new all-time highs of 76,009.68 and 23,110.80, respectively, during the session. Both indices, however, failed to maintain gains, and profit-taking at higher levels resulted in minor losses.

Also Read Awfis Space Solutions IPO GMP Review the Subscription Status. Apply or not, as the offer Period is Coming to a Close soon?

The Sensex completed the day 20 points lower, or 0.03 percent, at 75,390.50, while the Nifty 50 fell 25 points, or 0.11 percent, to 22,932.45.

Heavyweight stocks including Reliance Industries, ITC, and Mahindra ended up being the Nifty 50’s top drags. In contrast, the index received the most support from HDFC Bank, Axis Bank, and Larsen & Toubro.

Stock Market LIVE Updates: Sensex, Gift Nifty at Fresh Record High; Nazara Tech Founder Sells Share in Block Deal.

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Sensex Today – Stock Market LIVE Updates: The Gift Nifty saw big gains from Divis Labs, Adani Ports, Hindalco, NTPC, and Tata Steel, while Adani Enterprises, Wipro, Eicher Motors, Hero MotoCorp, and Dr Reddy’s Labs fell.

IndexPricesChangeChange%
Sensex75,554.67144.28+0.19%
Nifty 5022,985.4528.35+0.12%
Nifty Bank49,253.55281.90+0.58%

CategoryStock/SectorPricesChangeChange%
Biggest GainerDivis Labs4,351.40229.00+5.56%
Biggest LoserAdani Enterpris3,294.70-90.25-2.67%
Best SectorNifty Pharma19,304.00184.50+0.96%
Worst SectorNifty Energy41,363.40-271.30-0.65%

Sensex Today | Nifty Media down nearly 1 %; DB Corp, Dish TV fall 2-4%

CompanyCMPChg(%)Volume
DB Corp279.15-4.6116.88k
Dish TV16.70-2.346.31m
Sun TV Network653.85-1.72169.42k
TV18 Broadcast43.75-1.691.23m
Zee Entertain149.20-1.625.08m
Network 1881.65-0.67182.50k
PVR INOX1,334.30-0.3592.50k

Commodity Check | Gold recovers from two-week low as traders await US inflation data.

Gold prices rose on Monday, recovering from a two-week low set the previous session, as traders assessed diminishing chances for US interest rate reduction ahead of a key inflation report anticipated later this week.

Spot gold was up 0.5% at $2,346.31 per ounce after reaching its lowest level since May 9 at $2,325.19 on Friday. U.S. gold futures increased 0.6% to $2,347.60.

Bullion peaked at $2,449.89 last week, but has since fallen by more than $100.

Jefferies keeps hold rating on Ashok Leyland, target raises to Rs 205

  • 1 Q4 EBITDA/PAT grew 25-36 percent YoY and 9-14 percent above estimate.
  • 2 India’s truck industry growth has moderated from 45 percent CAGR over FY21-23 to flat in FY24. 
  • 3 Expect a capex-led economic cycle to fuel demand growth ahead. 
  • 4 Company’s improving margin trajectory. 
  • 5 Expect stock to be rangebound until demand visibility improves. 
  • 6 Stock is already at 5.2x FY25 PB on consensus versus last cycle peak of 5.8x.

Karnataka Bank shares fall as Q4 profit dips 22%

1 Profit tanks 22.5 percent to Rs 274.2 crore Vs Rs 353.8 crore
2 Net interest income declines 3 percent to Rs 834 crore Vs Rs 860 crore
3 Pre-Provision Operating Profit drops 27.1 percent to Rs 499.8 crore Vs Rs 685.8 crore
4 Provisions down 27 percent at Rs 184.7 crore Vs Rs 253.3 crore
5 Net NPA rises to 1.58 percent Vs 1.55 percent (QoQ)
6 Gross NPA drops to 3.53 percent Vs 3.64 percent (QoQ)

Sensex Today | Tera Software, MM Forgings, among others witness huge volume surge

CompanyCMPChg(%)Today Vol5D Avg VolVol Chg(%)
Tera Software59.7516.02%225.38k13,657.401,550.00
Tridhya Tech34.9017.11%117.00k9,600.001,119.00
Ahlada Engineer151.8020.00%650.71k68,068.00856.00
MM Forgings1,230.009.11%227.11k36,593.60521.00
Nazara619.850.90%555.88k92,737.40499.00
Vaidya Sane Ayu150.50-16.83%26.80k4,720.00468.00
Krishna Defence515.6513.22%174.50k31,800.00449.00
Astra Microwave896.2012.03%2.65m575,102.60360.00
DOMS Industries1,874.403.93%196.04k43,966.60346.00
Glenmark1,106.406.80%1.68m417,702.60302.00

Bosch shares rise 2% on better Q4 numbers

1 Profit grows 41.5 percent to Rs 564.4 crore Vs Rs 398.9 crore
2 Revenue increases 4.2 percent to Rs 4,233.4 crore Vs Rs 4,063.4 crore
3 Board recommends a final dividend of Rs 170 per share

NTPC shares trade flat post Q4 earnings

1 Profit falls 2 percent to Rs 5,556.4 crore Vs Rs 5,672.3 crore
2 Revenue rises 2.9 percent to Rs 42,532.2 crore Vs Rs 41,317.9 crore

Q4 (Consolidated YoY)

1 Profit surges 33 percent to Rs 6,490 crore Vs Rs 4,871.6 crore
2 Revenue increases 7.6 percent to Rs 47,622 crore Vs Rs 44,253.2 crore
3 Other income more than doubled to Rs 1,194.5 crore Vs Rs 491.8 crore
4 Board recommends the final dividend at Rs 3.25 per share

Nifty Bank index up 0.4%; IndusInd Bank, PNB, HDFC Bank among major gainers

CompanyCMP (₹)Chg (%)Volume
IndusInd Bank1,456.701.03186.31k
PNB127.450.793.21m
HDFC Bank1,528.950.771.28m
Bandhan Bank187.700.75884.88k
AU Small Finance624.950.69341.05k
Kotak Mahindra1,712.800.55248.73k
Federal Bank164.150.431.31m
SBI831.450.36853.38k
Bank of Baroda269.650.261.27m
Axis Bank1,175.250.11742.75k

Torrent Pharma shares rise 4% as profit surges 56%

1 Q4v Profit surges 56.4 percent to Rs 449 crore Vs Rs 287 crore
2 Q4 Revenue grows 10.2 percent to Rs 2,745 crore Vs Rs 2,491 crore

Gainers and Losers on the BSE Sensex in the early trade

SENSEX Market Map

4.88 million shares of Nazara Technologies trade in a bunch: Bloomberg

Founder Mitter Infotech sold 6.38 percent stake via block to existing investor, Plutus

Cochin Shipyard shares gain 6% as Q4 profits up 558%

1 Profit spikes 558.1 percent to Rs 258.88 crore Vs Rs 39.3 crore
2 Revenue jumps 114.3 percent to Rs 1,286 crore Vs Rs 600 crore

United Spirits shares gain on better Q4 earnings

1 Profit jumps 136.3 percent to Rs 241 crore Vs Rs 102 crore
2 Revenue (excluding excise duty) climbs 11.2 percent to Rs 2,783 crore Vs Rs 2,503 crore
3 EBITDA rises 42.1 percent to Rs 334 crore Vs Rs 235 crore
4 EBITDA margin expands 260 bps to 12 percent Vs 9.4 percent

Opening Bell | Nifty opens above 23,000

1 Q4 EBITDA/PAT grew 25-36 percent YoY and 9-14 percent above estimate.

2 India’s truck industry growth has moderated from 45 percent CAGR over FY21-23 to flat in FY24. 

3 Expect a capex-led economic cycle to fuel demand growth ahead. 

4 Company’s improving margin trajectory. 

5 Expect stock to be rangebound until demand visibility improves. 

6 Stock is already at 5.2x FY25 PB on consensus versus last cycle peak of 5.8x.

On May 27, the Indian benchmark indices opened higher, with the Nifty trading above 23,00.

The Sensex rose 214.20 points, or 0.28 percent, to 75,624.59, while the Nifty advanced 57.40 points, or 0.25 percent, to 23,014.50. About 1806 shares rose, 746 fell, and 165 remained constant.

The Nifty saw big gains from Divis Labs, Adani Ports, Hindalco, NTPC, and Tata Steel, while Adani Enterprises, Wipro, Eicher Motors, Hero MotoCorp, and Dr Reddy’s Labs fell.

Sensex Today | Market to witness volatility, says Prashanth Tapse, Senior VP (Research), Mehta Equities

  • Q4 EBITDA/PAT grew 25-36 percent YoY and 9-14 percent above estimate.
  • India’s truck industry growth has moderated from 45 percent CAGR over FY21-23 to flat in FY24. 
  • Expect a capex-led economic cycle to fuel demand growth ahead. 
  • Company’s improving margin trajectory. 
  • Expect stock to be rangebound until demand visibility improves. 
  • Stock is already at 5.2x FY25 PB on consensus versus last cycle peak of 5.8x.

Nifty traders should brace themselves for a week of potential volatility, driven by six major catalysts: Exit Poll (June 1st), May F&O expiry (May 30th), US GDP (May 30th), India’s GDP (May 31st), US PCE Inflation (May 31st), and May Auto Sales (June 1st).

Despite Wall Street’s closure on Monday for Memorial Day, Nifty buyers remain confident, buoyed by investor optimism about the general elections and a decline in oil prices to $77 per barrel.

Furthermore, Vodafone Idea’s Rs 18,000-crore FPO anchor lock-in period ends on May 27th. Following corrective losses, stocks such as Maruti, GAIL, and Reliance Industries have been given bullish outlooks.

Recommended stock: GAIL (CMP 205), with aims of 215/221 and aggressive targets of 243.

Preferred trades: Nifty (22957) – buy on dips between 22800-22850 with targets at 23100/23351 and aggressive targets at 23500-23750; Bank Nifty (48972) – buy at CMP with targets at 49300/50000 and aggressive targets at 50500-51000.

Currency Check | Rupee opens flat

Indian rupee opened flat at 83.09 per dollar on Monday versus Friday’s close of 83.10.

Sensex Today | Market trades higher at pre-opening

Benchmark indices are trading firm in the pre-opening session.The Sensex was up 233.86 points or 0.31 percent at 75,644.25, and the Nifty was up 92.20 points or 0.40 percent at 23,049.30. About 5 shares advanced, 2 shares declined, and 3790 shares unchanged.

Sensex Today | Nifty can move towards 23200-23500, says Deven Mehata, Research Analyst at Choice Broking

The benchmark Sensex and Gift Nifty indices are expected to open flat on May 27, following GIFT Nifty trends indicating a loss of just 7 points for the broader index. Gift Nifty can find support at 22,900 followed by 22,850 and 22,800. On the higher side, 23,050 can be an immediate resistance, followed by 23,100 and 23,200.The charts of Bank Nifty indicate that it may get support at 48,800, followed by 48,600 and 48,500. If the index advances, 49,100 would be the initial key resistance, followed by 49,300 and 49,400.Foreign institutional investors remained net buyers as they bought Indian equities worth Rs 944.83 crore worth of shares on May 24. On the other hand, domestic institutional investors bought Rs 2,320.32 crore worth of equities on the the same day.INDIAVIX was positive on Friday and closed higher, Up by 1.54 percent and is currently trading at 21.7100.On Friday Nifty made a fresh all-time high above 23000 levels. Traders are advised to purchase on dips near the strong support at 22800 levels with a stop loss of 22700 on closing basis. On the higher side Nifty can move towards 23200 and 23500 in coming days. Bank Nifty has also shown strength and hence it can also move higher towards the next resistance of 49400-49600 levels.

Also Read Adani Group MCAP Recovers $200 Billion as it Rejects Charges of Coal Fraud.

Sensex Today | Rail Vikas Nigam bags Rs 187.34 crore project from Maharashtra Metro Rail Corp

The company has emerged as the lowest bidder (L1) for a project worth Rs 187.34 crore from Maharashtra Metro Rail Corporation (Nagpur Metro). The project involves the construction of six elevated metro stations in Phase 2.

Sensex Today, Gift Nifty | Adani Ports to replace Wipro in BSE Sensex

Adani Ports and Special Economic Zone will replace Wipro on the BSE Sensex, effective June 24.

In addition, the S&P BSE 100 index will contain REC, HDFC AMC, Canara Bank, Cummins India, and Punjab National Bank, while Page Industries, SBI Card, ICICI Prudential Life Insurance, Jubilant FoodWorks, and Zed Entertainment Enterprises would be excluded.

Trent will replace Divis Laboratories on the S&P BSE Sensex 50 index.

Stock Market LIVE Update | Aster DM in agreement to expands CMI Hospital

Aster DM Healthcare has signed into an Addendum Hospital Operation and Management Agreement with Cauvery Medical Centre Private Limited to expand the existing Aster CMI Hospital premises by about 350 beds.

Sense Today | Biocon, GNFC, Vodafone Idea under F&O Ban list

Biocon, GNFC, Vodafone Idea, Bandhan Bank, Hindustan Copper, India Cements, National Aluminium Company, Piramal Enterprises, Punjab National Bank.

Sensex Today | Tata Steel board meeting on May 29

At its meeting on May 29, 2024, Tata Steel’s board of directors will discuss issuing unsecured non-convertible debentures through private placement.

Sensex Today | FII & DII Data

Sensex Today, Gift Nifty | USFDA classifies Aurobindo Pharma’s Telangana units as OAI

From January 22 to February 2, the United States Food and Drug Administration (US FDA) performed an examination at Unit III, a formulation manufacturing facility owned by the company’s subsidiary, Eugia Pharma Specialities, in Pashamylaram, Telangana. As a result, the US FDA designated this facility’s inspection categorization status as Official Action Indicated (OAI).

Sensex Today, Gift Nifty| NTPC, RVNL, Astra Microwave top stocks to watch out today 

  • NTPC: Q4 consolidated profit rises 33% to Rs 6,490 crore from Rs 4,871.6 crore.
  • Karnataka Bank: Q4 standalone profit down 22.5% to Rs 274.2 crore from Rs 353.8 crore.
  • Cochin Shipyard: Q4 profit rises 558.1% to Rs 258.88 crore from Rs 39.3 crore.
  • United Spirits: Q4 consolidated profit rises 136.3% to Rs 241 crore from Rs 102 crore.
  • Rail Vikas Nigam has emerged as the lowest bidder (L1) for a project valued Rs 187.34 crore.
  • Astra Microwave Products: Q4 consolidated profit rises 302.3% to Rs 54.4 crore from Rs 13.5 crore.

Earnings Watch | Natco Pharma, Borosil Renewables, among others to report Q4 results today

Life Insurance Corporation of India, Astrazeneca Pharma, Borosil Renewables, Flair Writing Industries, Jubilant Industries, Natco Pharma, National Aluminium Company, NMDC, Peninsula Land, Sumitomo Chemical India, TVS Supply Chain Solutions, and West Coast Paper Mills will announce theri earning today.

Brokerage Call | Morgan Stanley keeps overweight rating on NTPC, target Rs 390

1 Company’s parent earnings missed estimates due to fixed cost under recoveries
2 Consolidated PAT was a miss driven by lower profit contributions from subsidiaries
3 Company has a strong RE portfolio of 23.2 GW; RE IPO possible by Oct/Nov-24

Brokerage Call | Jefferies keeps hold rating on Ashok Leyland, target raises to Rs 205

1 Q4 EBITDA/PAT grew 25-36 percent YoY & 9-14 percent above estimate
2 India’s truck industry growth has moderated from 45 percent CAGR over FY21-23 to flat in FY24
3 Expect a capex-led economic cycle to fuel demand growth ahead
4 Like company’s improving margin trajectory
5 Believe stock will be rangebound until demand visibility improves
6 Stock is already at 5.2x FY25 PB on consensus versus last cycle peak of 5.8x

Sensex Today | GIFT Nifty indicates a flat start

Trends on GIFT Nifty indicate a flat start for the broader index in India, with a loss of 5 points. The Nifty futures were trading around 23,034.50 level.

Commodity Check | Oil prices little changed as markets look to OPEC+ meeting

Oil prices were in a holding pattern in early Asian trading on Monday as markets awaited an OPEC+ meeting on June 2 where producers are expected to discuss maintaining voluntary output cuts for the rest of the year.The Brent crude July contract inched up 11 cents to $82.23 a barrel. The more-active August contract LCOc2 rose Gift Nifty 13 cents to $81.97.U.S. West Texas Intermediate (WTI) crude futures rose 13 cents to $77.85.

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Nvidia Share Price: NVIDIA Announces Financial Results for First Quarter Fiscal 2025.

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Nvidia Share Price set to smash expectations with latest earnings announcement?

  • Record quarterly sales of $26.0 billion, up 262% from a year earlier and up 18% from Q4
  • Quarterly cash dividend increased by 150%, post-split, to $0.01 per share.
  • Revenue from data centers reached a record $22.6 billion in Q4, up 23% from Q4 and 427% from the same period last year.
  • Forward stock split of ten to one, operative June 7, 2024

The first quarter of 2024 ending on April 28, 2024, with $26.0 billion in sales for NVIDIA (NASDAQ: NVDA), up 26% from the prior quarter and 18% from the same period the previous year.

GAAP earnings per diluted share for the quarter were $5.98, up 629% from a year ago and up 21% from the prior quarter. $6.12 was the non-GAAP earnings per diluted share, up 19% from the prior quarter and 461% from the same period last year.

“A new kind of data center, called AI factories, is being built to produce a new commodity: artificial intelligence. Companies and nations are partnering with NVIDIA to shift the trillion-dollar traditional data centers to accelerated computing,” stated Jensen Huang, founder and CEO of NVIDIA. “The next industrial revolution has begun.” AI will increase productivity significantly across almost all industries, improve cost and energy efficiency for businesses, and open up new revenue streams.

The robust and increasing demand for generative AI training and inference on the Hopper platform drove the expansion of our data center. In addition to cloud service providers, generative AI has also reached enterprise, sovereign AI, automotive, and healthcare clients, resulting in the creation of numerous multibillion-dollar vertical industries.

“We’re ready for the next phase of expansion. With the Blackwell platform currently in full production, trillion-parameter-scale generative artificial intelligence is built upon. Our ability to introduce large-scale AI to Ethernet-only data centers is made possible by Spectrum-X. Additionally, with our wide network of ecosystem partners, NVIDIA NIM is our new software product that provides enterprise-grade, optimized generative AI to run on CUDA everywhere, including the cloud, on-premise data centers, and RTX AI PCs.

In order to increase employee and investor access to stock ownership, NVIDIA recently announced a ten-for-one forward stock split of its issued common stock. The Restated Certificate of Incorporation of NVIDIA will be amended to implement the split, leading to a corresponding increase in the number of authorized common stock shares. Nine extra shares of common stock will be distributed to each record holder of common stock as of Thursday, June 6, 2024, at the end of the market. The distribution will take place on Friday, June 7, 2024, following the close of the market. On Monday, June 10, 2024, at market open, split-adjusted trading is anticipated to begin.

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Q1 Fiscal 2025 Summary

GAAP
($ in millions, except earnings
per share)		Q1 FY25Q4 FY24Q1 FY24Q/QY/Y
Revenue$26,044$22,103$7,192Up 18%Up 262%
Gross margin78.4%76.0%64.6%Up 2.4 ptsUp 13.8 pts
Operating expenses$3,497$3,176$2,508Up 10%Up 39%
Operating income$16,909$13,615$2,140Up 24%Up 690%
Net income$14,881$12,285$2,043Up 21%Up 628%
Diluted earnings per share$5.98$4.93$0.82Up 21%Up 629%

Also Read BHEL Share Price drops over 8% Following the Q4 Results? Here are the Opinions of Professionals.

Non-GAAP
($ in millions, except earnings
per share)		Q1 FY25Q4 FY24Q1 FY24Q/QY/Y
Revenue$26,044$22,103$7,192Up 18%Up 262%
Gross margin78.9%76.7%66.8%Up 2.2 ptsUp 12.1 pts
Operating expenses$2,501$2,210$1,750Up 13%Up 43%
Operating income$18,059$14,749$3,052Up 22%Up 492%
Net income$15,238$12,839$2,713Up 19%Up 462%
Diluted earnings per share$6.12$5.16$1.09Up 19%Up 461%

Outlook
Nvidia Share Price outlook for the second quarter of fiscal 2025 is as follows:

  • Revenue is expected to be $28.0 billion, plus or minus 2%.
  • GAAP and non-GAAP gross margins are expected to be 74.8% and 75.5%, respectively, plus or minus 50 basis points. For the full year, gross margins are expected to be in the mid-70% range.
  • GAAP and non-GAAP operating expenses are expected to be approximately $4.0 billion and $2.8 billion, respectively. Full-year operating expenses are expected to grow in the low-40% range.
  • GAAP and non-GAAP other income and expense are expected to be an income of approximately $300 million, excluding gains and losses from non-affiliated investments.
  • GAAP and non-GAAP tax rates are expected to be 17%, plus or minus 1%, excluding any discrete items.

“Nvidia’s quarterly results on Wednesday could set the tone for U.S. stock markets and reverberate through companies exposed to the burgeoning artificial intelligence field. The semiconductor company at the center of the excitement over AI’s business potential is expected to report a massive jump in revenue and profit for its fiscal first quarter,” says Zacks Research Director, Sheraz Mian.

Nvidia is expected to report robust earnings once again, fueled by its dominance in the AI sector and strong demand for its GPUs.

“Hotly anticipated earnings announcement from semiconductor behemoth Nvidia. The options market is anticipating a sharp move in the bellwether name after the company releases its earnings results, which may embolden equity bulls or awaken the bears from hibernation,” says José Torres, Senior Economist at Interactive Brokers.

However, the road ahead for NVDA stock may not be as fruitful to investors as in the past, is what Nigel Green, CEO, deVere Group feels, “However, the anticipated share price jump, which we expect to be around 8%, is likely to be less dramatic than previous quarters. This tempered expectation reflects a market that has already priced in much of Nvidia’s rapid growth and stellar performance.”

Also Read IRFC Share Price Increase 3.5% on Q4 Results and Dividend Announcement.

RVNL Shares Surge 8% After Order Win; Stock Nearly Triples in a Year.

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RVNL Shares Surge 8% After Order Win; Stock Nearly Triples in a Year. surged more than 7.65 per cent to Rs 322.50 on Monday, commanding a total market capitalization of more than Rs 67,000 crore.

Tuesday’s trading session saw a roughly 8% increase in Rail Vikas Nigam Ltd. (RVNL) shares as a result of the company receiving an order from South Eastern Railway. On Monday, the exchange filed with the bourses to notify the firm of the order win.

“Rail Vikas Nigam Limited has received letter of acceptance (LoA) from SER HQELECTRICAL/South Easter Railway for designing, supply, erection, testing and commissioning for upgradation of electric traction system from 1×25 KV to 2×25 KV traction system for Kharagpur section of Kharagpur division of South Eastern Railway to meet 3000 MT loading target,” stated RVNL in its filing.

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Following the announcement of order win, shares of RVNL surged more than 7.65 per cent to Rs 322.50 on Monday, commanding a total market capitalization of more than Rs 67,000 crore. The scrip had settled at Rs 299.65 in the previous trading session on Saturday.

RVNL shares have soared more than 190 per cent from its 52-week low at Rs 110.50 hit on May 31, 2023. The stock has surged more than 80 per cent in the year 2024 so far, while the stock has nearly doubled investors wealth in the last six months period. Even in the last one month, it is up 25 per cent.

Rail Vikas Nigam’s net profit rose 33.2 per cent on year-on-year (YoY) basis to Rs 478.6 crore, with a healthy topline as well as operating numbers. Its revenue from operations during the quarter under review grew 17.4 per cent YoY to Rs 6,714 crore.

At the operating level, the state-run railway company’s ebitda in Q4FY24 rose 21.8 per cent YoY to Rs 456.4 crore over Rs 374.6 crore in a year-ago period, while Ebitda margin came in at 6.8 per cent in the reporting quarter. RVNL’s board also recommended a final dividend of Rs 2.11 per equity share.

Also Read Microsoft Announces New, Potent “Copilot+ PCs” for the AI Era, Which will be Available for Purchase on June 18 and Cost…

In an separate exchange filing, the company said that the President of India has approved the appointment of NC Karmali as the part-time Government nominee director on the board of Rail Vikas Nigam with immediate effect, till he holds the post of executive director/Gati Shakti, Railway Board or further orders, whichever is earlier.

Incorporated in 2003 by the Ministry of Railways, Rail Vikas Nigam Limited is a project executing agency. It is engaged in the business of mobilization of financial resources, rail project development, enhancing golden quadrilateral and port connectivity by implementing rail projects and raising extra-budgetary resources for Indian Railway project execution.

The PSU counter raised a total of Rs 481.57 crore via its IPO launched in April, 2019. The company issued its shares at Rs 19 apiece. The stock has zoomed about 1,600 per cent or 16 times from its issue price. Each lot of the PSU counter has delivered a return of more than Rs 2.35 lakh to the investors, if held so far.

Is the Indian Stock Market Closed Today due to the Lok Sabha Elections?

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This month, on May 1, the Stock Market was closed except on May 20 owing to Maharashtra Day, which marks the anniversary of the state of Maharashtra’s creation on May 1, 1960.

On May 20, there will be a notable closure of both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This is because the second vacation of the month falls on the fifth voting phase of the Lok Sabha Election 2024 in Mumbai. Since all six of the city’s seats are scheduled for polling, the shutdown is consistent with the seven-phase election.

This month, on May 1, the market was closed except on May 20 owing to Maharashtra Day, which marks the anniversary of the state of Maharashtra’s creation on May 1, 1960. This came after the Indian states were reorganised linguistically.

Also Read Today’s Stock Market Trading Guide: Dow Jones, Gift Nifty, and Go Digit IPO.

The Maharashtra Lok Sabha elections are divided into five parts. The dates of the first four phases are April 19, April 26, May 7, and May 13, respectively. The last stage is scheduled for May 20. On June 4, the votes will be counted.

Maharashtra banks will be closed on May 20 due to the general election’s fifth phase. Thirteen of the state’s forty-eight Lok Sabha constituencies—Dhule, Dindori, Nashik, Kalyan, Palghar, Bhiwandi, Thane, Mumbai North, Mumbai North-West, Mumbai North-East, Mumbai North-Central, Mumbai South-Central, and Mumbai South—will be voting in this phase.

Here’s a list of market holidays in 2024 –

  • May 20 – General Elections
  • June 17- Bakrid
  • July 17- Muharram
  • August 15- Independence Day
  • October 2- Gandhi Jayanti
  • November 1- Diwali
  • November 15- Guru Nanak Jayanti
  • December 25- Christmas

Stock Market Update

The Sensex and Nifty 50, which are key domestic stock market indicators, concluded Saturday’s trading session with upward momentum. This extends their recent three-day rally, which was buoyed by fresh foreign investments and favourable global signals. Every sectoral index finished in positive territory, with small and mid-cap indices surpassing the benchmarks in performance.

The 30-share BSE Sensex finished at 74,005.94 during the second special trading session, up 88.91 points, or 0.12%. The NSE Nifty 50 increased by 35.90 points, or 0.16%, to 22,502.00. The Nifty SmallCap 100 increased by 0.82%, while the Nifty Midcap 100 experienced a 0.51% increase in the overall market. The India VIX, a measure of anxiety, had a 3.67% surge in closure on Saturday.

Plans for a specific trading session in the stocks and equity derivative divisions scheduled on May 18 were revealed by the BSE and NSE on May 7. This session assesses their readiness to handle significant disruptions or outages at the main site.

What are Shares and Types of Shares?

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The Stock Market Shares has been in the news every morning for the last few months. The most well-liked method for reaching your financial objectives and building long-term wealth is now investing in stocks. India alone saw a staggering surge in retail investors in FY21 of 142 lac. Nowadays, 12.9% of all investments made in India are made up of stocks or equities. An investor must have a fundamental understanding of the components and operation of the share market.

What Is the Meaning Of Share?

A share represents a unit of equity ownership in a company. Shareholders are entitled to any profits that the company may earn in the form of dividends. They are also the bearers of any losses that the company may face. In simple words, if you are a shareholder of a company, you hold a percentage of ownership of the issuing company in proportion to the shares you have bought, often managed through a share market app.

Shares can be further categorized into two types. These are:

  • Equity shares
  • Preference shares

They vary based on their profitability, voting rights and treatment in the event of liquidation.

Equity Shares Meaning

These are also known as ordinary shares and comprise the bulk of the shares being issued by a particular company. Equity shares are transferable and are traded actively by investors in stock markets. As an equity shareholder, you are not only entitled to voting rights on company issues but also have the right to receive dividends.

These dividends, however, are not fixed. Equity shareholders also partake in any losses faced by the company, limited to the amount they had invested. Equity shares can be further divided based on:

  • Share capital
  • Definition
  • Returns

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Classification Of Equity Shares based on Share Capital

Here is a look at the classification of equity shares based on share capital:

  • Authorized Share Capital: Every company, in its Memorandum of Associations, is required to prescribe the maximum amount of capital that can be raised by issuing equity shares. The limit, however, can be increased by paying additional fees and after the completion of certain legal procedures.
  • Issued Share Capital: This implies the specified portion of the company’s capital, which has been offered to investors through the issuance of equity shares. For example, if the nominal value of one stock is Rs 200 and the company issues 20,000 equity shares, the issued share capital will be Rs 40 lakh.
  • Subscribed Share Capital: The portion of the issued capital, which has been subscribed by investors is known as subscribed share capital.
  • Paid-Up Capital: The amount of money paid by investors for holding the company’s stocks is known as paid-up capital. As investors pay the entire amount at once, subscribed and paid-up capital refers to the same amount.

Classification Of Equity Shares based on Definition

Here is a look at the equity share classification based on the definition:

  • Bonus Shares: The bonus share definition implies those additional stocks that are issued to existing shareholders free of cost or as a bonus.
  • Rights Shares: Right shares mean that a company can provide new shares to its existing shareholders – at a particular price and within a specific period – before being offered for trading in stock markets.
  • Sweat Equity Shares: If as an employee of the company, you have made a significant contribution, the company can reward you by issuing sweat equity shares.
  • Voting And Non-Voting Shares: Although the majority of shares carry voting rights, the company can make an exception and issue differential or zero voting rights to shareholders.

Classification Of Equity Shares Based on Returns

Based on returns, here is a look at the types of shares:

  • Dividend Shares: A company can choose to pay dividends in the form of issuing new shares, on a pro-rata basis.
  • Growth Shares: These types of shares are associated with companies that have extraordinary growth rates. While such companies might not provide dividends, the value of their stocks increases rapidly, thereby providing capital gains to investors.
  • Value Shares: These types of shares are traded in stock markets at prices lower than their intrinsic value. Investors can expect the prices to appreciate over some time, thus providing them with a better share price.

Preference Shares

Preferential shareholders receive preference in receiving profits of a company as compared to ordinary shareholders. Also, in the event of liquidation of a particular company, the preferential shareholders are paid off before ordinary shareholders. Here are the different types of shares in this category:

  • Cumulative And Non-Cumulative Preference Shares: In the case of cumulative preference shares, if a particular company doesn’t declare an annual dividend, the benefit is carried forward to the next financial year. Non-cumulative preference shares don’t provide for receiving outstanding dividend benefits.
  • Participating/Non-Participating Preference Share: Participating preference shares allow shareholders to receive surplus profits, after payment of dividends by the company. This is over and above the receipt of dividends. Non-participating preference shares carry no such benefits, apart from the regular receipt of dividends.
  • Convertible/Non-Convertible Preference Shares: Convertible preference shares can be converted into equity shares, after meeting the requisite stipulations by the company’s Article of Association (AoA), while non-convertible preference shares carry no such benefits.
  • Redeemable/Irredeemable Preference Share: A company can repurchase or claim redeemable preference shares at a fixed price and time. These types of shares are sans any maturity date. Irredeemable preference shares, on the other hand, have no such conditions.

Conclusion

Investing in shares can prove to be a great source of long-term wealth generation for any individual investor. Stocks provide you with a variety of sectors and industries to choose from, helping you diversify your portfolio and mitigate your risks. Always remember to narrow down on trusted and reliable financial partners to open your Demat account and trading account, like IIFL.

Frequently Asked Questions

What are shares and stock?

Stocks refer to the portion of ownership in a company. The units of a stock are referred to as shares. Stockholders have access to the issuing company’s profits and assets equal to the units of shares they own. Once you understand what are shares, you should know that companies sell them to earn additional money for expansion. While stocks indicate the ownership of one or two companies, shares symbolise the units of ownership in a firm. But most people use the terms stocks and shares interchangeably.

What are the 4 Types of shares?

  • Preference shares: They provide shareholders with preferences in terms of repayments as well as dividends during a period of insolvency.
  • Differential Voting Rights Shares: They are ideal for getting higher dividends. But you will enjoy low voting rights and even lower prices than equity shares.
  • Equity shares: These types of shareholders have voting rights in board meetings. But they gain their dividends only after preferring shareholders.
  • Treasury shares: They are shares obtained by the company from their shareholders.

Can I Buy shares for 100 rs?

You can invest in the best stocks under 100 Rs in India if you have a demat or trading account.

Tata Motors Share Price Tanks 9% after Q4 Results 2024. Opportunity to buy?

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Tata Motors share price witnessed sharp selling in the early morning session on Monday. Emkay Global said Tata Motors’ Q4 earnings were muted, with limited margin expansion across businesses, despite higher volumes. It has a target of Rs 950 for Tata Motors.

Stock market today: Following the release of the Q4 results 2024 on Friday of last week, there was a significant sell-off in the price of Tata Motors shares early on Monday morning. Within minutes of the opening bell on the stock market, the price of Tata Motors shares dropped to ₹1,005 on the NSE, marking an intraday loss of over 9 percent on Monday. The share price also struck an intraday low of ₹947.20 per share.

Triggers for Tata Motors Share Price Fall

Connecting Tata Motors share price drop with Q4 results 2024 declared on Friday last week, Chirag Jain, Senior Research Analyst at Emkay Global Financial Services said, “Tata Motors Q4 results 2024 were muted with limited margin expansion across businesses despite higher volumes. The company remains cautiously optimistic across businesses, with H1 expected to be weaker and the premium luxury segment seen as resilient amid overall emerging demand concerns. While deleveraging progress continues, we believe the best may be behind for all businesses amid i) declining order book, normalizing mix, and higher customer acquisition costs at JLR, with FCF generation to normalize; ii) flattish growth outlook for domestic CV space; and iii) moderating India PV outlook (though TTMT to outperform on new launches). FY25E/26E EPS is largely unchanged (we build-in console. revenue/EBITDA CAGR of 7/8% over FY24-26E).”

Expecting more downsides in Tata Motors’ share, the Emkay Global expert said that Tata Motors’ share price may drop further to the tune of ₹950 apiece.

Motilal Oswal Remains ‘Neutral’ 

Re-iterating the ‘neutral’ view on Tata Motors share price outlook, Motilal Oswal report said, “Tata Motors 4QFY24 result was operationally in line with our estimate as EBITDA margin expanded 30bp QoQ to 14.2%. While there is no doubt that TTMT has delivered an extremely robust performance across its key segments in FY24, there are clear headwinds ahead that are likely to hurt its performance. We have lowered our EPS estimates by 3%/5% for FY25/FY26. The stock trades at 18x/15.6x FY25E/FY26E consolidated EPS and 6.2x/5.3x EV/EBITDA. Reiterate Neutral with our FY26E SOTP-based TP of ₹955.”

Tata Motors Q4 Results 2024

Tata Motors posted its March quarter financial results on May 10, 2024. The auto giant reported a significant 222 percent year-on-year increase in its net profit, reaching ₹17,407.18 crore. Meanwhile, the company witnessed a notable 13.3 percent surge in consolidated revenue, amounting to ₹1,19,986.31 crore.

Gift Nifty Live: Presenting the Gift (SGX) Nifty Index.

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Gift Nifty Live: The leading Indian indices, Sensex and Nifty 50, opened Friday’s trading session higher, however Sensex is starting the day at roughly 72,500 and Nifty is opening below 22,000. Nifty increased by 33.50 points, or 0.15 percent, to 21,991.00, while the Sensex increased by 71.28 points, or 0.10 percent, to 72,475.40.

GIFT Nifty is trading at a premium of 42.50 points, or 0.19 percent at 22,131.50 when opening bell.

The Indian rupee opened a paisa stronger at 83.47 against the US dollar compared to Thursday’s close of 83.50.

Despite the rally in frontline indices, the broader markets are trading with a discount. Nifty Midcap 100 has slipped 41.00 points, or 0.08 per cent lower at 49,071.80 while Smallcap 100 inched 62.05 points, or 0.48 per cent higher at 15,918.90.

Crude oil prices rose on Friday on the signs of an improving economy in China. The prices had edged up in the previous session to a one-week high on data of increasing crude oil imports in China in April

Brent futures rose 37 cents, or 0.4 percent, to $84.24 a barrel, while US West Texas Intermediate crude grew 41 cents, or 0.5 percent, to $79.64.

In Wall Street, softer-than-expected jobs growth in April has brightened investor sentiment this week.

-With inputs from agencies

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SGX NIFTY TODAYS

Last TradeChangeChange in %
 22,189.0+100.0+0.45%
HighLowOpen
22,184.022,045.522,128.0

09:51 (IST)10 MAY 2024

Stock Market Today Live Updates: Broader markets fail to participate in gains today

Share Market Today Live Updates: Despite the rally in frontline indices, the broader markets are trading with a discount. Nifty Midcap 100 has slipped 41.00 points, or 0.08 per cent lower at 49,071.80 while Smallcap 100 inched 62.05 points, or 0.48 per cent higher at 15,918.90.

09:34 (IST)10 MAY 2024

Stock Market Today Live Updates: Sensex, Nifty build up on gains

Share Market Today Live Updates: Indian frontline indices Sensex and Nifty 50 opened around 72,500 and 22,000 marks respectively. The indices extended gains afterward.

Sensex inched 254.84 points, or 0.36 percent higher at 72,676.77 while Nifty inched 92.80 points, or 0.43 percent at 22,047.15.

09:22 (IST)10 MAY 2024

Stock Market Today Live Updates: Sensex, Nifty opens with minor gains

Share Market Today Live Updates: Indian frontline indices Sensex and Nifty 50 started Friday’s session higher as Nifty opened below the 22,000 mark and Sensex around the 72,500 mark.

Sensex inched 71.28, or 0.10 percent higher at 72,475.40 while Nifty inched 33.50 points or 0.15 percent at 21,991.00.

09:12 (IST)10 MAY 2024

Stock Market Today Live Updates: Rupee opens stronger against US dollar

Share Market Today Live Updates: The Indian rupee opened stronger at 83.48 against the US dollar compared to Thursday’s close of 83.50.

Canara Bank Shares Price Live Updates: Canara Bank Closed at ₹558.1 Today, Down -3.25% from ₹576.85 Yesterday.

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The Canara Bank Shares Prices Live Updates: Canara Bank Closed at ₹558.1 Today, Down -3.25% from ₹576.85 Yesterday. decreased by 3.25% today, May 8, 2024. The share price of the stock concluded at 576.85. At the moment, the stock is trading at 558.1 per share. Investors should keep a careful eye on Canara Bank’s stock price in the upcoming days and weeks to see how it responds to the news.

Canara Bank Shares Prices Today: Canara Bank’s stock opened at ₹580 and closed at ₹576.85 on the last trading day. The high for the day was ₹594, while the low was ₹576. With a market cap of ₹107,323.95 crores, the 52-week high for the stock is ₹632.65 and the 52-week low is ₹291.3. On the BSE, the trading volume for Canara Bank was 342,060 shares.

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Canara Bank share prices NSE Live: Shareholding information

Canara Bank has a 7.40% MF holding & 10.55% FII holding per filings in the March quarter.
The MF holding decreased from 7.62% in December to 7.40% in March.
The FII holding decreased from 11.21% in December to 10.55% in March.

Canara Bank share price Today: Return metrics and efficiency

Canara Bank’s return on equity (ROE) for the most recent fiscal year is 15.21%. The return on investment (ROI) value for the last fiscal year is -99999.99%. The consensus estimates for ROE in the current and upcoming fiscal year are 0.00% each.

Canara Bank share price Live: Financial performance

Canara Bank’s EPS has decreased by a significant percentage over the last 3 years, while its revenue has shown a moderate increase. In the trailing twelve months, the company’s revenue is higher compared to the most recent fiscal year. There is a predicted growth in both revenue and profit for the upcoming quarter.

Canara Bank share price live: Consensus Analysts rating is Buy

The analyst recommendation trend is shown below with the current rating as Buy.

  • The median price target is ₹506.0, 9.34% lower than the current market price.
  • The lowest target price among analyst estimates is ₹360.0
  • The highest target price among analyst estimates is ₹670.0
RatingsCurrent1 Week Ago1 Month Ago3 Months Ago
Strong Buy6665
Buy4445
Hold2222
Sell2221
Strong Sell0000

Canara Bank share price live: Stock Peers

Canara Bank’s stock price dropped by 3.25% today to reach ₹558.1, while its counterparts are experiencing a mixed performance. Indusind Bank is declining, but Union Bank of India, IDBI Bank, and Yes Bank are showing gains. The benchmark indices, Nifty and Sensex, are steady at 0% and -0.06% respectively.

NameLatest PriceChange% Change52W High52W LowMkt. Cap (cr)
Indusind Bank1447.1-5.5-0.381694.351080.0112630.68
Union Bank Of India144.22.51.76163.1568.098557.06
Canara Bank558.1-18.75-3.25632.65291.3101246.61
IDBI Bank85.80.640.7598.752.5992255.61
Yes Bank22.980.110.4832.8114.166108.59

Canara Bank share price live: Today’s Price range

Canara Bank’s stock reached a low of ₹554.4 and a high of ₹598.5 on the current day.

Canara Bank share price Live: Futures trading lower by -3.36%; Futures open interest increased by 13.71%

A decrease in futures price, coupled with increased open interest in Canara Bank, indicates a potential downward price trend in the upcoming days. Traders may consider maintaining their short positions accordingly.

Canara Bank share price update :Canara Bank closed today at ₹558.1, down -3.25% from yesterday’s ₹576.85

Canara Bank share price closed the day at ₹558.1 – a 3.25% lower than the previous closing price. For the next trading session key resistances to watch for are 585.67 , 614.13 , 629.77. On the other hand key support levels could be found at 541.57 , 525.93 , 497.47.
Please note these support and resistance levels are derived from the classic pivot table.

Canara Bank share price NSE Live :Canara Bank trading at ₹557.45, down -3.36% from yesterday’s ₹576.85

The current market price of Canara Bank has broken the first support of ₹567.53 & second support of ₹557.52 indicating a strong bearish move but traders need to monitor for possible reversals from ₹542.83. If the stock price breaks the final support of ₹542.83 then it indicates a significant selling pressure and prices can erode further.

Canara Bank Short Term and Long Term Trends

As per the Technical Analysis, short term trend of Canara Bank share is Bearish and long term trend is Bullish

Canara Bank share price live: Simple Moving Average

DaysSimple Moving Average
5 Days617.72
10 Days603.15
20 Days603.82
50 Days584.16
100 Days525.10
300 Days443.32

Canara Bank share price update: Volume traded till 2 PM is 80.75% higher than yesterday

The volume of Canara Bank shares traded by 2 PM today has increased by 80.75% compared to yesterday. The price per share is currently at ₹559.5, showing a decrease of -3.01%. Analyzing both volume and price is crucial for understanding market trends. A rise in price accompanied by higher trading volume indicates a stable upward trend, while a decrease in price with increased volume could signal further price declines.

Canara Bank share price NSE Live: Hourly Price Movement Update

Canara Bank reached a peak of 598.5 and a trough of 570.65 in the previous trading hour. In the last hour, the stock breached all support levels on an hourly timeframe. Traders may want to consider potential shorting opportunities.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

Resistance LevelsPriceSupport LevelsPrice
Resistance 1590.82Support 1562.97
Resistance 2608.58Support 2552.88
Resistance 3618.67Support 3535.12

Canara Bank share price live: Consensus analysts rating is Buy

The analyst recommendation trend is shown below with the current rating as Buy.

  • The median price target is ₹506.0, 12.06% lower than current market price.
  • The lowest target price among analyst estimates is ₹360.0
  • The highest target price among analyst estimates is ₹670.0
RatingsCurrent1 Week Ago1 Month Ago3 Months Ago
Strong Buy6665
Buy4445
Hold2222
Sell2221
Strong Sell0000

Canara Bank share price Live :Canara Bank trading at ₹584.7, up 1.36% from yesterday’s ₹576.85

Canara Bank share price is at ₹584.7 and is still trading between the key support and resistance levels of ₹567.53 and ₹592.23 on a daily timeframe. If it crosses the support of ₹567.53 then we can expect a further bearish movement. On the other hand if the price crosses 592.23 then it will lead to a bullish movement.

Canara Bank share price update : Volume traded till 1 PM is -4.89% lower than yesterday

The volume of Canara Bank traded until 1 PM is 4.89% lower than yesterday, while the price is currently trading at ₹592.55, reflecting a decrease of 2.72%. Volume traded is a crucial indicator, along with price, for analyzing trends. A positive price movement accompanied by higher volume indicates a sustainable upward trend, whereas a negative price movement with increased volume may signal further price declines.

Canara Bank share price NSE Live : Hourly Price Movement Update

Canara Bank reached a peak of 596.3 and a bottom of 590.45 in the recent trading session. During this time, the stock price exceeded both the hourly resistances of 593.53 and 596.02, suggesting a strong positive sentiment. Traders may want to consider implementing trailing stop losses to safeguard profits.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

Resistance LevelsPriceSupport LevelsPrice
Resistance 1597.62Support 1591.77
Resistance 2599.88Support 2588.18
Resistance 3603.47Support 3585.92

Canara Bank share price Today : Futures trading higher by 3.39%; Futures open interest increased by 2.92%

An increase in futures price and open interest in Canara Bank indicates a potential for positive price movement in the near future. Traders are advised to maintain their long positions.

Canara Bank share price live: Today’s Price range

Canara Bank stock’s price fluctuated between a low of ₹576 and a high of ₹595.5 on the current day.

Canara Bank Shares Prices update : Hourly Price Movement Update

The stock price has been moving between 594.6 and 585.25 levels in the last hour. Traders may want to consider rangebound trading strategies, such as buying near the hourly support at 585.25 and selling near the hourly resistance at 594.6.
The hourly support and resistance levels to watch out in the next hour are mentioned below.

Resistance LevelsPriceSupport LevelsPrice
Resistance 1593.53Support 1589.03
Resistance 2596.02Support 2587.02
Resistance 3598.03Support 3584.53

Canara Bank Shares Prices live: Simple Moving Average

DaysSimple Moving Average
5 Days617.72
10 Days603.15
20 Days603.82
50 Days584.16
100 Days525.10
300 Days443.32

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Canara Bank Short Term and Long Term Trends

As per the Technical Analysis, short term trend of Canara Bank share is Bearish and long term trend is Bullish

Canara Bank share price Live: Canara Bank closed at ₹576.85 on last trading day & the technical trend suggests Bearish near term outlook

The stock traded in the range of ₹594 & ₹576 yesterday to end at ₹576.85. Following a strong uptrend, the stock is indicating signs of a reversal.

Bharat Forge Share Price Live blog for 08 May 2024.

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Bharat Forge stock price went up today, 08 May 2024, by 6.18 %. The stock closed at 1240.2 per share. The stock is currently trading at 1316.8 per share. Investors should monitor Bharat Forge stock price closely in the coming days and weeks to see how it reacts to the news.

Bharat Forge Share Price Today: On the last day of trading, Bharat Forge opened at ₹1242 and closed at ₹1240.2. The stock reached a high of ₹1356.15 and a low of ₹1209. The market capitalization stood at ₹61314.82 crore. The 52-week high for the stock is ₹1330 and the 52-week low is ₹753.1. The BSE volume for the day was 154515 shares traded.

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Bharat Forge share price update: Volume traded till 2 PM is 1131.32% higher than yesterday

The volume of Bharat Forge traded by 2 PM is significantly higher today, at 1131.32% above yesterday’s volume. The price of the stock is currently trading at ₹1358, reflecting a 9.5% increase. Volume traded is a crucial factor in analyzing market trends, alongside price movements. A positive price trend accompanied by high volume indicates a sustainable upward movement, while a negative price trend with high volume could signal a potential further decline in prices.

Bharat Forge share price NSE Live: Hourly Price Movement Update

The stock price has been moving between 1381.17 and 1248.22 levels in the last hour. Traders may want to consider rangebound trading strategies by purchasing near hourly support at 1248.22 and selling near hourly resistance at 1381.17.
The hourly support and resistance levels to watch out for in the next hour are mentioned below.

Resistance LevelsPriceSupport LevelsPrice
Resistance 11364.57Support 11306.72
Resistance 21388.13Support 21272.43
Resistance 31422.42Support 31248.87

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Bharat Forge share price live: Consensus analyst’s rating is Hold

The analyst recommendation trend is shown below with the current rating as Hold.

  • The median price target is ₹1180.0, 12.15% lower than the current market price.
  • The lowest target price among analyst estimates is ₹800.0
  • The highest target price among analyst estimates is ₹1346.0
RatingsCurrent1 Week Ago1 Month Ago3 Months Ago
Strong Buy5545
Buy1010108
Hold2224
Sell3343
Strong Sell4444

Bharat Forge share price Live: Bharat Forge closed at ₹1240.2 on the last trading day & the technical trend suggests Bullish term outlook

The stock traded in the range of ₹1356.15 & ₹1209 yesterday to end at ₹1240.2. The stock is currently experiencing a strong bullish trend

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