We are eleven days into the second quarter of FY23 and companies have started releasing their results. They are obliged to release the name of shareholders holding a 1% or more stake in the company on a quarterly basis. The markets were in the red for a while and the Big Bull, Rakesh Jhunjhunwala has [...]
What are Loan Agreements: A personal loan comes as an ideal solution for anyone looking for funds during an emergency or simply to fulfill a wish. However, the Reserve Bank of India’s data shows in the fiscal year of 2022, 9,103 loan fraud cases have happened till now. This indicates while applying for a personal [...]
The shares of Himadri Speciality Chemicals Limited delivered mind-boggling returns in the last five days as the shares surged by 44.91% in the past week. The promoters of the company have reported to the stock exchange that they have entered into a Family Settlement Agreement under which the BLC Family and they are going to [...]
Tata Motors is planning to publicly list its subsidiary Tata Technologies and has appointed bankers for the initial public offering (IPO), as per reports. This is the first public float from the Tata Group since 2004, after the ₹ 5500 crore IPO of Tata Consultancy Services, India’s largest software services exporter. Further, it will be [...]
India’s largest IT exporter, Tata Consultancy Services, was already under pressure due to FII selling, attrition issues, salary hikes and moderation of growth in Europe. Additionally, its margins contracted in Q1FY23 and missed analysts’ estimates. The IT major reported a 5.21% increase in its consolidated net profit at ₹ 9478 crores in the June quarter [...]
A participatory rally after the second wave of Covid-19 had helped the Indian stock markets to scale new heights. Once that was out of the way, the Russia-Ukraine War, rising inflation, and interest rate hikes weighed down the markets. A good number of stocks have entered the multibagger category since the onset of the pandemic [...]
S&P BSE Sensex zoomed 303 points or 0.56% to settle at 54,481 while NSE Nifty 50 index ended at 16,220, gaining 87.70 points or 0.54% on the last trading day of the week. Here are some stocks for an upside of up to 118%. Vedanta Ltd JP Morgan has a buy call on Vedanta Ltd., [...]
On a global level, economies are affected due to the lasting effects of the pandemic, the supply chain disruption due to the Russia Ukraine war, and the rising inflation. However, some stocks do well irrespective of an economic downturn. Defensive stocks are blue-chip companies that have a strong financial history. These stocks tend to give [...]
The market opened in the green today as the BSE Sensex gained 398.31 points or 0.74% to open at 54576.80 while the Nifty 50 opened 140.80 points or 0.87% points higher at 16273.70. The positivity was seen in the share price of Larsen & Toubro Limited as well. The shares opened at Rs 1624 in [...]
The board of Birlasoft Ltd has fixed 15th July 2022 as the record date for the buyback of shares. The company will buy back each of its shares at ₹500. The board has further announced that it will be buying 78,00,000 fully paid equity shares not exceeding ₹390 crores. The buyback will be offered through [...]
