Mumbai, Jan 6 (IANS) Shares of Tata Group retailer Trent Limited plunged sharply on Tuesday, rattling investors despite the company reporting double-digit revenue growth for the December quarter. The stock fell as much as 8.3 per cent to Rs 4,060.65 on the BSE, wiping out nearly Rs 13,000 crore in market capitalisation.The sharp sell-off came even as Trent posted a 17 per cent year-on-year (YoY) rise in standalone revenue to Rs 5,220 crore in the October–December quarter.However, investors foc…
Latest Market Capitalization News & Updates
New Delhi, Dec 24 (IANS) Although 63 per cent of total market capitalisation appears overvalued, Indian market’s “inside” still offers rich opportunities for active investors, a report said on Wednesday outlining opportunities in 2026.The report from OmniScience Capital said that 36 out of 100 large caps and 46 out of 150 mid-caps are undervalued or fairly valued despite Nifty 500’s valuation at over 24 times price‑to‑earnings appears elevated against 11 per cent growth.The firm cite…
Mumbai, Dec 23 (IANS) Shares of Meesho Limited continued to slide for the third straight day on Tuesday, as selling pressure remained strong in the newly listed stock. The shares fell as much as 8.75 per cent during the day, extending the losses seen over the past two sessions.On Monday, the stock had ended at the 10 per cent lower circuit, after falling 5 per cent last Friday.With the latest decline, Meesho’s shares are now down nearly 24 per cent from their post-listing high of Rs 254.Heavy …
Mumbai, Dec 22 (IANS) Shares of Meesho Limited came under sharp selling pressure on Monday, as the stock hit a 10 per cent lower circuit. This was the second straight session of decline for the newly listed e-commerce company.Over the last two trading days, Meesho shares have fallen nearly 17 per cent, after dropping around 7 per cent on Friday.The recent fall indicates that some investors may be booking profits after the stock’s strong rally following its market debut.Meesho shares had more t…