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Sensex Today | Stock Market LIVE Updates: Midcap and Smallcap indices down 0.5 percent each. Among sectors, telecom, PSU Bank, oil & gas and power down 1 percent each.
February 22, 2024 / 09:42 am IST
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Stock Market Today
Moneycontrol.com
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February 22, 2024 / 09:42 AM IST
Stock Market LIVE Updates | LTI Mindtree stock gains on signing MoU with Eurolife FFH for gen AI hubs
Shares of LTI Mindtree gained 1.5 percent at the open on February 22, a day after the IT services company signed a memorandum of understanding with insurer Eurolife FFH to set up generative Al and digital hubs in Europe and India.
LTI Mindtree signed an MoU with Eurolife FFH to set up Gen Al and digital hubs in Europe and India, the company said in a BSE filing. The facilities will be developed in Poland and Mumbai, while Eurolife FFH will be setting up a “Generative Al and Digital Hub” in Athens to develop innovative solutions for insurance businesses in Greece. Read More
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February 22, 2024 / 09:41 AM IST
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February 22, 2024 / 09:36 AM IST
Sensex Today | BSE Telecom index down 1 percent dragged by MTNL, ITI, GTL Infra
BSE Telecommunicatio Top Stock Losers (Intra-day)
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February 22, 2024 / 09:35 AM IST
Stock Market LIVE Updates | Paytm shares fall 3% as Goldman Sachs cuts target price
Paytm shares fell around 3 percent on February 22 after Goldman Sachs put a ‘neutral’ rating on the stock and cut the target price to Rs 450 from Rs 860 per share earlier. This adjustment reflects the potential loss of market share in the payments sector.
Additionally, Goldman Sachs anticipates a slowdown in lending in the near term due to a recent directive from the RBI that put strict restrictions on Paytm Payments Bank (PPBL).
Consequently, analysts at Goldman Sachs have decreased revenue and adjusted EBITDA estimates for FY24E-26 by up to 36 percent and 80 percent, respectively. They now expect FY25 revenues to decline by 21 percent on-year, compared to the previous projection of 16 percent. growth. Read More
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February 22, 2024 / 09:32 AM IST
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February 22, 2024 / 09:30 AM IST
Sensex Today | BSE Oil & Gas index down 1 percent dragged by IOC, BPCL, HPCL
BSE Oil & Gas Top Stock Losers (Intra-day)
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February 22, 2024 / 09:29 AM IST
Stock Market LIVE Updates | Brigade Enterprises signs Joint Development Agreement with PVP Ventures to develop residential project in Chennai.
Brigade Enterprises announced it signed a joint development agreement with PVP Ventures to develop a 2.5 million square feet, high-rise residential project, spread across 16 acres in Perambur, Chennai with a revenue potential of about Rs 2000 Crores. The company’s subsidiary Brigade Hotel Ventures has signed a 45-year lease agreement with the Landowners to build a 250-room resort on East Coast Road (ECR) in Chennai.
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February 22, 2024 / 09:26 AM IST
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February 22, 2024 / 09:25 AM IST
Eureka Forbes Large Trade | 1.79 crore shares (9.3 percent equity) worth Rs 975 crore change hands in block deal window at Rs 544 per share.
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February 22, 2024 / 09:24 AM IST
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February 22, 2024 / 09:23 AM IST
Stock Market LIVE Updates | Goldman Sachs View On Paytm
-Neutral call, target cut to Rs 450 per share from Rs 860 per share
-Cut reflect potential payments market share loss
-Slowdown in lending in near term as a consequence of recent RBI directive
-Reduce FY24E-26 revenue/adjusted EBITDA estimates by up to 36%/80%
-Now expect FY25 revenues to decline 21% YoY (vs 16% growth earlier)
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February 22, 2024 / 09:22 AM IST
Cabinet approves amendment in the Foreign Direct Investment (FDI) policy on Space Sector
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February 22, 2024 / 09:21 AM IST
Sugar Stocks in focus afetr Cabinet hikes sugarcane FRP to Rs 340/quintal from Rs 315/quintal
BSE Top Sectoral Gainers (Intra-day)
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BSE Top Sectoral Losers (Intra-day)
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