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Benchmark indices ended in the red on Friday amid global recession worries stoked by weak US consumer data dampened investor sentiments. The BSE Sensex index ended 237 points or 0.39% lower at 60,662, while Nifty50 fell 80 points or 0.44% to settle at 18,027. While the markets are turbulent, here are four fundamentally strong stocks [...]
When deciding whether to invest or not in a company, many investors look for businesses that will last a long time and not those businesses that are doing well currently. They intend to remain invested in stocks for more than ten years and let their money compound. Fundamentally strong companies help investors to make fortunes, [...]
Helped by a firm global market trend and buying in IT counters, domestic benchmark indices opened on a positive note on Monday, even as higher oil prices and continued foreign investor selling kept a lid on gains. The 30-share BSE Sensex climbed 325.59 points to 60,586.77 in early trade, while the broader NSE Nifty advanced [...]
Investors keep a track of buying and selling by Foreign Institutional Investors (FIIs), mutual funds, other Domestic Institutional Investors (DIIs) and ace investors to guide their investment decisions. It is important to analyse the stocks in their top picks and then make investment decisions. According to a recent report published by Business Standard, domestic mutual [...]
Persistent Systems ltd has recently reported its October to December results and has also approved the issue of an interim dividend. The is a mid-cap company is engaged in the business of software products, services, and technology innovation. This week, the share has given a return of 7.51% to its investors. On Friday, the stock [...]
The shares of ICICI Lombard General Insurance and ICICI Prudential Life Insurance shares faced selling pressure after they reported their financial results for the December quarter. ICICI Lombard’s shares closed at ₹ 1151.95 apiece on Friday, while ICICI Prudential’s shares closed at ₹ 471.90 apiece. ICICI Lombard General Insurance The general insurer reported a net [...]
Vedanta Group company, Hindustan Zinc’s shares opened 8.62% lower on Friday and fell as much as 9.89% to reach an intraday low of ₹ 340.20 apiece. This happened after the company announced the acquisition of Vedanta's Zinc International (ZI) assets for a cash consideration of $ 2,981 million. Hindustan Zinc is a subsidiary of Vedanta, [...]
The shares of Coforge Ltd rallied 7.15% to reach an intraday high of ₹ 4250.00 apiece on the National Stock Exchange (NSE). The IT services provider reported better-than-expected net profit for the October to December quarter (Q3FY23), which is a seasonally weak quarter. Its shares were trading at ₹ 4210.60 apiece at 12:36 PM on [...]
Domestic benchmark indices opened flat on Friday, shrugging weakness across global markets. The BSE Sensex was at 60,873.64 points, up 0.025% at 11:47 AM on Friday and, the NSE Nifty 50 was at 18111.25 points, up 0.019%. Meanwhile, the shares of two companies appreciated to the tune of 7% each to reach a fresh 52-week [...]