As individual investors, it is essential to give consideration to the holdings of domestic institutional investors, as they trade consistently in large quantities, leading the market to shift in their preference. Additionally, these domestic investors serve as compensation for the withdrawal of funds by FIIs and act as a cushion against market volatility. Here are [...]
Domestic benchmark indices BSE Sensex and NSE Nifty 50 opened lower on the first trading day of the week, however, IT and metal shares led them higher later during the day. The Sensex opened at 61579.78 points on Monday, and the Nifty 50 opened at 18201.10 points. On Friday, the indices ended at a five-month [...]
Shares of Fortis Healthcare Ltd. closed at the price of ₹ 287.30, up 0.37% on Friday’s trading session as compared to the previous closing price of ₹ 286.50. Fortis Healthcare Ltd. is a leading integrated healthcare service provider in India engaged in running a chain of hospitals and healthcare centres. The company manages 27 healthcare [...]
The largest health insurance company Star Health & Allied Insurance Ltd, shares tanked 8.36 percent on Friday’s trades and closed at a price of ₹ 534.95 apiece against the previous close of Rs 582 on the BSE with a market cap of Rs 31,121 Cr. One of the probable causes for the stock's low price [...]
Shares of Triveni Engineering & Industries Ltd. surged 4% on Friday to reach an intraday high of ₹ 281.40 apiece from the previous close price of ₹ 264. The company's recent release of strong Q4 FY 22-23 results caused the stock price to jump today. At 14:30 am, the stock was trading at ₹273.25 on [...]
Shares of company opened 5 percent higher and hit the upper circuit on Friday after the company announced a stock split/ sub-division of its equity shares. They were locked at ₹ 93.05 apiece on the National Stock Exchange (NSE). Servotech Power Systems LED manufactures lighting solutions, UPS (uninterruptible power supply) systems, inverters, and batteries. Its [...]
The shares of Page Industries Limited. fell as much as 15% during the first half of the trading session on Friday, and the stock hit a 52-week low price of Rs 34,968.60 apiece. The decline in share price comes on the back of weak results announced by the company for the quarter ending March 2023. [...]
Shares of the chocolate company opened 5 percent higher and hit the upper circuit after it informed that Reliance Industries’ arm acquired a majority stake in it. Its shares were locked at 152.40 apiece on the Bombay Stock Exchange (BSE). The company manufactures chocolates, cocoa products, and cocoa derivatives. According to an exchange filing, Reliance [...]
Veteran Investor and NRI Rajiv Jain, who is also the Chief Investment Officer (CIO) at the US-based investment firm GQG Partners is bullish on the Adani Group. GQG Partners on March 02, had bought a stake worth ₹ 15,446 crores (about $ 1.9 billion in Adani Enterprises, Adani Ports and Special Economic Zone LtdAdani Transmission [...]
FMCG major Emami Limited on Thursday posted a 60 per cent drop in consolidated net profit to Rs 142 crore for the quarter that ended March 2023, on muted demand. The company posted a consolidated net profit of Rs 354 crore in the corresponding period of FY22. Revenue from operations during the quarter was up [...]
