Equity benchmark indices continued to fall for the second day running on Tuesday. The BSE Sensex benchmark fell 282.85 points to open at 55,483.37 while the broader index, NSE Nifty declined 88.8 points to open at 16,542.20. Amid the declining markets, here are two blue-chip stocks that analysts are bullish on after they posted their [...]
The shares of Tanla platforms opened at Rs 869 on Tuesday and sharply declined by 20% to hit the lower circuit. It touched its 52-week low of Rs 730. In the last five days, the stock has declined by more than 26%. This was mainly driven by the excessive selling of shares by the investors [...]
The shares of eMudhra Limited soared 28% in the last two days and reached a fresh 52-week high of ₹ 327.25 apiece on the National Stock Exchange. This happened after the company reported healthy earnings for the quarter ended June 2022 (Q1FY23). Its margins improved due to higher contribution from Enterprise Solution business and operational [...]
Dividends have been a passive source of income for many. Investors make money from dividends even when stocks are trading sideways or are showing a downtrend. Here is a list of companies that are going to start trading ex-dividend this week: MRF Ltd. Ex-dividend date: July 27, 2022Dividend Type: FinalDividend per share: ₹144Face Value: ₹ [...]
The shares of Tata Steel will start trading ex-split on Thursday, this week. The company has announced a stock split in the ratio of 1:10 and the record date has been fixed as July 29, 2022. The company's shares have dropped 26.01% in the past year and by 15.94% as per year-to-date data. “The Board [...]
The shares of Zomato Limited plunged more than 14% to reach ₹46 a piece, an all-time low. This happened as the one-year lock-in period for the pre-IPO investors had ended. This has led to a selling rush as per analysts. “As there is no promoter, all shareholders, including the founders, collectively owning 77.87 per cent [...]
The market rose for the sixth straight day to close at nearly a 3-month high. Indian benchmark indices ended Friday’s session on a higher note with the Nifty 50 surpassing the crucial 16700-mark. The BSE Sensex was up 390.28 points or 0.70% and closed at 56,072.23. While the NSE Nifty 50 was up 114.20 points [...]
Indian equity benchmarks opened in the green on Monday and extended the rally until Wednesday. However, they were flat on Thursday. By Friday’s closing bell, benchmark indices clocked three-month closing highs earlier in the day, continuing to rise for the sixth session in a row, led by financial, oil & gas, FMCG and auto shares. [...]
IT major Wipro posted a nearly 21% decline in consolidated PAT, while revenue climbed 18% year on year. Its attrition rate slipped marginally compared to the preceding quarter, however, the company hired 15,446 employees from April to June. Wipro announced a consolidated net profit of ₹ 2,563.6 crores as against ₹ 3,242.6 crores in the [...]
Debt-free companies are considered self-reliant as they do not have any outstanding financial obligations which need to be repaid over time. Generally, financial liabilities attract a certain type of charges, or interest that is an additional cost for the company. Hence, debt-free companies are generally considered to be low-risk investments. Here is a list of [...]
