Is there more pain ahead for Nifty 50 after a 2.2% drop in 3 sessions? Here’s what analysts say

Is there more pain ahead for Nifty 50 after a 2.2% drop in 3 sessions? Here’s what analysts say

The sell-off pressure observed in the mid- and small-cap stocks over the last few sessions amid regulatory concerns regarding excessive inflows has spread to the large-cap stocks. In today’s session, the Nifty 50 index experienced a significant decline of 1.51%, dropping below the 22,000 mark to reach 21,997 points. This marks the index’s third-largest intraday … Read more

Texmaco Rail & Engineering shares soar over 11.5% on healthy Q2FY24 earnings

Texmaco Rail & Engineering shares soar over 11.5% on healthy Q2FY24 earnings

Shares of Texmaco Rail & Engineering rallied 11.69 % in Monday’s early trade to 148.95 apiece, driven by the company’s healthy performance in the quarter ending in September. At 10:15 AM, the stock was trading with a gain of 6.6% at ₹142.20. During Q2FY24, the company reported a consolidated net profit of ₹25 crore, marking … Read more