Top gainer: Tata Motors 944 ▲ 25 (+2.7%)
Top loser: Nestle India 2,530 ▼ 51 (-1.9%)
Suzlon Energy shares jump over 9%; here is why
Shares of Suzlon Energy jumped as much as 9.3% to ₹80.59 apiece on the BSE on Tuesday, October 9, as the price band of the company’s stock, according to reports, has been revised to 10% from 5% earlier. Shares of the company have given a multibagger return in the past 12 months. The stock has jumped 189% in one year and 3,188% over the last five years. The price band has been revised after the stock was removed from the Additional Surveillance Measure (ASM) framework. Read more
Reliance Industries to announce Q2 results next week; check key details
Mukesh Ambani-led Reliance Industries Ltd is set to announce its financial results for the quarter ended in September 2024 on October 14. The company informed the stock exchanges about its results for Q2FY25 in a filing. “A meeting of the Board of Directors of the Company is scheduled to be held on October 14, 2024, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter and half year ended September 30, 2024,” the company said on Monday. Read more
BPCL, HPCL and IOC jump over 3% on sharp fall in crude oil price
Shares of oil marketing companies like BPCL, HPCL and IOC have opened in green on Wednesday’s trade after crude oil prices fell sharply on Tuesday as conditions in the Middle East smoothened out. Crude oil futures ended deeply in the red on Tuesday as supply disruption concerns eased a bit on reports Israel is unlikely to attack Iranian oil facilities and instead will focus on Iranian military installations. Worries about the Chinese growth outlook and concerns about a demand slowdown hurt as well. China’s National Development and Reform Commission pledged more measures to boost the Chinese economy but gave little in the way of details. Read more