Results for: Share Price

Amidst ongoing industry recovery, TVS Motor Company has emerged as a leading player in the premium two-wheeler segment, capturing significant market share. Despite this growth, the company’s share price has fallen from its peak by 15%, prompting analysts to maintain a ‘Buy’ rating with a revised target price of 2,250. This decline is attributed to broader market trends, including a slowdown in passenger vehicles and a potential downturn in commercial vehicles, which offsets the positive outlook for two-wheelers.

Shares of Tata Consumer Products dropped over 5% on Wednesday following the release of its March quarter earnings. The company’s net profit fell 22.5% to Rs 267.7 crore, while revenue rose 8.5% to Rs 3,927 crore. Tata Consumer’s EBITDA grew 23% to Rs 629.6 crore. Despite the decline, several brokerage firms maintained their positive outlook on the stock, citing the company’s strong growth prospects and recent acquisitions.

Multi Commodity Exchange of India (MCX) shares witnessed a sharp decline of over 5% on Wednesday following the release of the company’s mixed financial results for the quarter ended March 2024. The stock opened at an intraday high of 4,015 and touched a low of 3,800 during the trading session.

Tesla has announced the accelerated launch of new models, originally slated for the second half of 2025, driving its shares up by nearly 7% in after-hours trading. While the company remains tight-lipped about pricing, it cites a need for prudent growth in vehicle volumes amidst uncertain economic conditions. Despite the positive news, Tesla has reportedly scrapped its long-promised inexpensive model and continues to focus on robotaxi development on a small-vehicle platform.

The share price of Gujarat State Petronet Ltd (GSPL) has plunged sharply today after a number of brokerages downgraded the stock. The downgrades come after the Petroleum and Natural Gas Regulatory Board (PNGRB) cut tariffs for the company’s high-pressure (HP) network by 47 percent. The tariff cut is expected to have a significant impact on GSPL’s financial performance, and the downgrades reflect the brokerages’ concerns about the company’s future prospects.

Wipro’s share price has been facing a downward trend, dropping 15% from its one-year high and underperforming compared to peers like TCS and Infosys. The release of Q4 results, which showed a decline in consolidated net profit and revenue, has raised concerns among investors and analysts. Experts believe that Wipro is facing demand uncertainties and challenges in timely deal ramp-up. Despite this, the share has shown resilience compared to its 52-week low and has rebounded by over 27%. Analysts recommend cautious optimism as Wipro navigates the current market environment.

Vaxxinity (NASDAQ: VAXX) announced plans to voluntarily delist its shares from the Nasdaq Exchange. The company will file for delisting on April 29, 2024, expecting its final day of trading on Nasdaq to be May 9, 2024. Vaxxinity received a delisting notice in February requiring it to get its share price above $1 by August 7, 2024. The company chose to delist early to reduce its obligations and save money. Despite the delisting, VAXX stock is expected to continue trading on OTC Markets after May 9.