The announcement triggered strong buying interest, pushing the stock nearly 14% higher to a fresh all-time high on the BSE.
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Shares of Mahindra & Mahindra Ltd. (M&M) rallied nearly 5% on Friday after the company reported a strong set of June quarter earnings.
According to commodity market expert Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, silver is likely to trade in the $54–$61 per ounce range in the coming weeks.
India's equity market is witnessing a significant structural transformation, with Domestic Institutional Investors (DIIs) emerging as the dominant force in listed companies.
Indian benchmark indices are expected to begin Friday's trading session on a positive note, supported by strong global market cues, a sharp rebound in Asian equities and encouraging signals from GIFT Nifty.
Asian equity markets witnessed one of their strongest recoveries of the year on Friday as investors rushed back into technology and semiconductor stocks following a steep correction earlier in the week.
After witnessing one of the sharpest corrections among India's blue-chip stocks over the past two years, ITC Ltd. is once again finding itself at the centre of investor discussions.
Global crude oil prices declined by more than 1% on Friday as signs of uninterrupted oil flows through critical maritime routes helped ease immediate supply concerns, even though geopolitical tensions between the United States and Iran remained elevated.