Global private equity giant Blackstone on Sunday announced the acquisition of International Gemological Institute (IGI) at an enterprise value of over USD 525 million. IGI is headquartered in Antwerp, Belgium, but counts on India, the largest diamond polisher in the world, for a majority of its revenues and profits. Blackstone has acquired 80 per cent [...]
Equity benchmark indices climbed in early trade on Monday amid rally in Asian markets along with buying in index heavyweights IT counters and Reliance Industries. The 30-share BSE Sensex climbed 146.98 points to 61,876.66 in early trade. The NSE Nifty went up by 55.3 points to 18,258.70. Among the Sensex firms, NTPC, Power Grid, Wipro, [...]
Domestic benchmark Indices opened in the green on Monday. The thirty-share BSE Sensex opened at 62,157.10 points, up 130.01 points, while the fifty-share NSE Nifty 50 opened at 18,339.30 points, up 24.5 points. On Friday, the indices ended volatile session higher, breaking a three day losing streak, led by IT and financial shares. However, they [...]
Data shows that mutual funds scooped up shares of several blue chip stocks. Investors closely follow the investments that mutual funds and other domestic and foreign institutions make as they can steer the markets to the green or to the red. While it is good to keep an eye on the flow of institutional money, [...]
Snapping a three-day losing streak, domestic benchmark indices closed in the green on Friday, led by technological and IT stocks. The Sensex closed at 61729.68 points, up 0.48 percent while the Nifty closed at 18,203.40 points, up 0.41 percent. Meanwhile, here are 8 stocks to buy for an upside of up to 51 percent State [...]
‘Dividend’ is usually defined as the distribution of a company's earnings to its shareholders and is determined by its Board of Directors. Dividends are often been distributed once in three months and the mode of payment could be in cash or in the form of reinvestment in additional stocks of the company. Moreover, an additional [...]
Shares of Carborundum Universal Limited closed at a price of Rs 1,209 on friday and has a market capitalization of Rs 22,810 crores. The scrip has given multibagger returns of approximately 17,758 percent during a long-term period of 20 years ranging from Rs 6.77 in May 2003 to the current price levels. It means that [...]
Undervalued stocks are equity shares that have a market value that is lower than their true intrinsic value. Moreover, the process of investing in such undervalued stocks is called ‘Value Investing’. Listed below are 3 undervalued stocks that investors should keep an eye on: UPL Limited UPL Limited is a global crop protection and seed [...]
Sensex Topper ITC reported its results for the quarter and the year ended March 31, 2023. It had reached a fresh 52-week high of ₹ 433.45 apiece on May 09, 2023, indicating an increase of 67.97% from its 52-week low of ₹ 258.05 that it had reached on June 17, 2022, on the Bombay Stock [...]
Shares of Siyaram Silk Mills Ltd closed at the price of ₹ 568.25 on Friday’s trading session with a 1.11 percent dip. The company has a market capitalization of ₹ 2,673 Cr. Renowned investor Mr. Vijay Kedia owns a 1.08% stake or 5,05,000 shares of the company. Siyaram Silk Mills Ltd is a Textile manufacturing company. [...]
