As the southwest monsoon has hit Kerala, a few farm-related stocks are back to focus. Good monsoons tend to increase rural demand, and analysts say that if the monsoon goes well this year, one may see a lift in farm income and thus the demand especially when the food prices are rising. "Normal to good [...]
What are ETFs? Different types of ETFs: Exchange-Traded Fund or ETFs are passive mutual funds that aim to track the performance of a market index like NIFTY or Sensex, etc. Unlike actively managed mutual fund schemes, ETFs do not aim to beat the market benchmark index. ETFs also track the price of commodities like Gold, [...]
The shares of Adani Green Energy plunged 12.21% on Tuesday’s intraday trade, wiping off $10.6 billion in market cap. They reached a low of ₹1833.10 and a high of ₹2140.00 during the day. The shares changed 1,48,97,503 hands before they closed at ₹1888.95 apiece. The shares are currently trading at ₹1861.80 levels. In the past [...]
The Department of Investment and Public Asset Management (DIPAM) said that the government has called off the present expression of interest (EoI) process for strategic disinvestment of state-run refiner BPCL following multiple waves of COVID-19 and the geopolitical crisis between Russia and Ukraine that affected the oil and gas industry amongst others. This happened after [...]
The shares of a Nifty Small Cap 100 stock, Fine Organic Industries Limited reached a fresh 52-week high of ₹4798.00 on Tuesday’s early trades. The shares closed at ₹4507.70 on Monday after logging an increase of 10%. They are currently trading at 4771.00 levels, up 5.84%. Fine Organic Industries is a company in the speciality [...]
Goldman Sachs India Equity Portfolio acquired 41,32,211 equity shares in Paradeep Phosphates Limited via open market transactions at an average price of ₹45.95 per share. This amounts to an investment of 18.98 crores. As per a circular uploaded on BSE’s website, Goldman Sachs was among the anchor investors who invested in the shares of the [...]
Xpro India Ltd., a Birla group conglomerate is a polymer processing company that has given multi-bagger returns over the past 2 years. The share has given 3797.73 % from the start of 3rd January 2020 till this date. The share reached its all-time high of ₹1,670 on 25th March 2022. The share closed at the [...]
Biscuit manufacturer Britannia Industries Limited has declared a final dividend of ₹ 56.50 per share on 2nd May 2022. This is about 5650% of its face value of ₹1 per share. The shares will start trading ex-dividend on 20th June 2022. The company posted a 4.26% increase in its net profit from ₹364.32 crores during [...]
The shares of 3M India opened at ₹ 19800 apiece with a gap up opening of 13.52% and touched an intraday high of ₹ 20899 in NSE on Monday’s early trades. They are currently trading at ₹ 19330 levels after changing 29510 hands. The company reported a consolidated total income of ₹ 934.81 crores in [...]
Benchmark indices rose today, tracking a global rally driven by a strong retail earnings outlook in the United States and concerns about aggressive rate hikes. Most of the indices were in the positive territory. The Nifty 50 is trading at 16,313.90 levels, up 0.89%, while the Sensex is trading at 54,758.81 levels, up 0.93%. Here [...]
