Meghna Sen
Business Journalist at CNBC-TV18
Business journalist @CNBCTV18News Ex @livemint | @ibtimes_india | @IndiaToday | @bsindia | Alumnus @iimc_india | Views personal
Articles
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1 week ago |
topologypro.one | Meghna Sen
Shares of Mahindra & Mahindra-owned Swaraj Engines Ltd. surged as much as 12% on Wednesday, April 16, after the tractor manufacturer reported its March quarter results. Swaraj Engines reported a 29% jump in its net profit, compared to the same quarter last year, to ₹45 crore, from ₹35 crore. The company's revenue went up by 29.4% from last year to ₹454 crore. The base quarter revenue stood at ₹351 crore.
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3 weeks ago |
topologypro.one | Meghna Sen
Shares of Multi Commodity Exchange of India Ltd. (MCX) opened lower on Wednesday, April 2. The stock opened at ₹5,249.95 and hit an intraday low of ₹5,185.95. However, it recovered by 2% from the day's low and was trading with gains at ₹5,281. Global brokerage firm Morgan Stanley has an 'Underweight' recommendation on MCX, with a price target of ₹3,400 per share. This target implies a potential downside of 35% from Tuesday's closing levels.
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3 weeks ago |
topologypro.one | Meghna Sen
Global brokerage firm Bernstein has initiated coverage on two renewable energy-focused stocks — Waaree Energies Ltd. and Premier Energies Ltd.— with an 'Underweight' recommendation. Bernstein has a price target of ₹1,902 for Waaree Energies, which implies a potential downside of 20% from Tuesday's closing levels. For Premier Energies, the brokerage has a price target of ₹693, implying a potential downside of 24% from current levels.
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3 weeks ago |
topologypro.one | Meghna Sen
HomeMarket News2 For 1 Bonus Alert: BSE to issue two free shares for every one held by shareholdersBSE Bonus issue: This is the second instance since the company's listing back in 2017 that the board considered a bonus issue of shares. By Meghna Sen March 30, 2025, 5:30:34 PM IST (Published)The board of BSE Ltd. has recommended the issue of two free shares for every one share held by its shareholders as on the record date. BSE made the announcement on Sunday, March 30.
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3 weeks ago |
topologypro.one | Meghna Sen
Shares of ITC Hotels Ltd. surged over 2% in Friday's trading session after global brokerage firm Macquarie initiated coverage on the stock. The initiation comes with an 'Outperform' recommendation and a price target of ₹230 per share, which implies a potential upside of 18% from Thursday's closing levels. Macquarie wrote in its note that ITC Hotels is India's second-largest domestic lodging company, with a strong presence in Tier-1 markets and a focus on upscale properties.
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