The domestic indices crashed over 2% intraday on Friday as the market remained nervous ahead of the Budget. The Hindenburg’s report further dragged the Adani stocks lower. The BSE Sensex shed 874.1 points or 1.45% to close at 59,330 while the NSE Nifty 50 declined by 287.60 points or 1.61% to end at 17,604. Here [...]
Bears pounded the shares of Dixon Technologies and the stock suffered deep cuts. The shares of the contract manufacturer tanked 20% on Friday’s trades to reach a 52-week low of ₹ 2642.50 apiece on the National Stock Exchange (NSE). This marked its steepest single-day fall since its listing in 2017. The drop came after the [...]
The shares of Automotive Stampings and Assemblies Limited, a Tata group company, opened at Rs 349.70 and gained as much as 10 percent in the early hours on Friday to reach an intra-day high of Rs 383. The scrip jumped as the company reported strong earnings. In Q3FY23, the total income of the company stood [...]
Homegrown automaker Bajaj Auto’s shares accelerated by as much as 7.47% to reach an intraday high of 3995.00 apiece, on the back of healthy quarterly results. Its shares were trading at ₹ 3,958.05 apiece at 12:26 PM on Friday. Bajaj Auto was one of the top gainers in the Nifty 50 index, amid an otherwise [...]
Hindenburg Research, an American investment research firm, has made some serious allegations against the Adani group. In its report, the firm alleged that the Adani Group is pulling the “biggest con in corporate history”. The report also alleged that the company is engaged in a “brazen stock manipulation and accounting fraud scheme”. It has accused [...]
The shares of Tata Motors vroomed 8.20% on Friday’s early trades to reach an intraday high of ₹ 453.40 apiece after the company swung to make a profit after a hiatus of seven quarters. They were quoting at ₹ 444.55 apiece, up 6.09% at 11:35 AM on Friday. The waning impact of the semiconductor chip [...]
Green Hydrogen is an environment-friendly gas that has caught the attention of some of the largest companies and governments around the world, as they are trying to pivot to a more sustainable source of energy. Green Hydrogen is one of the cleanest forms of energy in the world and is one of the ultimate solutions [...]
The critical illness rider: what is it? Critical illness, an uncommon occurrence, blocks our fantasies and depletes our reserve funds. The number of common and dangerous illnesses is rising as a result of lifestyle changes, adding to the burden of expensive treatment. Additionally, a basic illness may result in a pay cut and a change [...]
Voltas Limited, a Tata group stock, opened at Rs 777.90 on Wednesday only to decline by more than 3 percent during the day to reach a new 52-week low of Rs 751.80. The scrip ended the session at Rs 756. Voltas Limited, a Tata group company, is engaged in the business of air conditioning, refrigeration, [...]
Ahead of the ₹ 20,000 crores follow-on-public offer, the share prices of Adani Group companies suffered deep cuts. They were trading in the red, following a negative report by Hindenburg Research, an American short-selling firm, saying that it held short positions in the Indian group through US-traded bonds and non-Indian-traded derivative instruments. The shares of [...]
