The Piotroski score is a score between zero and nine that reflects nine parameters used to determine the strength of a company’s financial position. It is used to find the best-value stocks. The parameters used to arrive at this score include net income, operating cash flow, quality of earnings, return on assets, leverage, current ratio, [...]
The shares of Godrej Consumer Products Ltd. (GCPL) slipped 5% during the early hours of trading on Thursday as the company updated on its weak September quarter results. As of 12:00 noon, the stock was trading at ₹ 851.50, down 5.03% for the day. The FMCG stock has lost over 16% in market value in [...]
Benchmark BSE Sensex rose by 156 points while the Nifty closed above the 17,300 level on Thursday after gains in metal, IT and capital goods shares amid foreign capital inflows. The 30-share BSE benchmark gained 156.63 points or 0.27 per cent to settle at 58,222.10. During the day, it jumped 513.29 points or 0.88 per [...]
Shivalik Bimetal Controls Limited, a small cap multibagger stock, has announced the record date for a 2:1 bonus issue. This means that eligible shareholders will receive one bonus share for every two equity shares held by them as of the record date. The company is specialized in the joining of materials through various methods. It [...]
Shares of SpiceJet on Thursday climbed over 9 per cent amid reports that the company is expected to receive an additional Rs 1,000 crore as part of the modified ECLGS (Emergency Credit Line Guarantee Scheme). After beginning the trade on a positive note, the stock of the budget carrier further jumped 9.23 per cent to [...]
The shares of Reliance Industries Limited were trading in green at Rs 2,435 levels in the early hours on Thursday. In the past month, the stock has shed over 6.24% and has largely remained flat at a 1.29% gain. Despite the share price being volatile, the company has remained in the news for positive developments. [...]
Domestic Institutional Investors (DII) include a class of investors that impact an economy’s net investment flows. They invest in the financial assets and securities of the country they are currently residing in. DIIs include Indian mutual funds, insurance companies, pension funds, and banking and financial institutions. Here are a few companies in which DIIs hold [...]
The shares of Asian Hotels East Ltd opened at Rs 345 and shot up by 5 per cent to trade at Rs 350 levels till 12.10 pm on Tuesday. In the past month, the stock has zoomed by 40 per cent. The board of the company has approved the issuance of Bonus shares. The ratio [...]
Banking and Financial stocks zoomed on Tuesday’s early trades with sizeable gains. Many of them had a gap-up opening and continued to rally amid a strong Q2 update. Bank Nifty gained 3.02% to reach a high of 39,177.50 points. Quarter 2 earnings for this year are scheduled to start next week, however, the following companies [...]
Return on Capital Employed (ROCE) is one of the most important factors that are to be checked in order to find quality stocks. It measures a company’s profitability and efficiency. Ideally, it should be above 20 per cent. Vijay Kishanlal Kedia publicly holds 16 stocks with a net worth of over ₹ 770.7 crores. Here [...]
