Dr Reddy's Laboratories Ltd on Monday said Life Insurance Corporation of India has increased its stake to 7.7 per cent in the pharmaceutical firm through purchase of 33.86 lakh shares from open market over a period of time. Life Insurance Corporation of India (LIC) earlier held around 5.65 per cent stake in the company, Dr [...]
The hospitality sector has been negatively impacted by the covid 19 pandemic. Lockdowns across the country induced restrictions on travel. This led to the hospitality companies reporting negative revenue and profit growth which ultimately drove the stock price down. With the companies gaining momentum, here are 3 hospitality stocks that reached a new 52-week high [...]
The rupee fell by 49 paise to close at 81.89 (provisional) against the US dollar on Monday as heavy selling pressure in the domestic equities and a spike in crude oil prices weighed on the local unit. Besides, a stronger greenback against key rivals and persistent foreign fund outflows put pressure on the domestic currency, [...]
An increase of 100 per cent or more, in the share price of a company, is one of the simplest ways by which investors receive multibagger returns. But corporate actions like a bonus issue can also help investors receive multibagger returns by multiplying the number of shares that they hold. Jyoti Resins and Adhesives Ltd [...]
Indian markets declined marginally on Monday, tracking weak global cues. The Sensex was trading at 57100 levels, while the Nifty 50 was at 17000 levels. The Reserve Bank of India hiked key interest rates by 50 bps, as expected by most analysts, in order to fight inflation amid global recession fears. Global financial major CLSA [...]
Headline gauges declined marginally on Monday, tracking weak global cues. The Sensex was quoting at 57,168.01 points, down 258.91 points (0.45%), while the Nifty 50 was trading at 17,025.65 points, down 68.70 (0.40%). Here are a few stocks that gained more than 5% while the markets are in the red: 1) Cochin Shipyard Ltd The [...]
In its board meeting held today, the board of FSN E-Commerce Ventures, the parent company of e-commerce brand Nykaa, has announced a 5:1 bonus issue. Eligible shareholders will receive five bonus shares for every 1 share that they hold. Soon after the announcement, at 11:24 AM, the company’s shares were trading 7.85% higher at ₹ [...]
Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 opened in the red on Monday due to weak global cues after they snapped their 7-day losing streak as investors on Friday. The BSE Sensex fell 382 points or 0.7 per cent to open at 57,044, while the NSE Nifty 50 was down 110 points [...]
Bajaj Auto on Monday reported 2 per cent dip in total sales at 3,94,747 units for September 2022 as compared to the year-ago period. In September last year, the company clocked sales of 4,02,021 vehicles. Total two-wheeler sales last month declined 4 per cent to 3,48,355 units from 3,61,036 units in the same month last [...]
A realtors’ body on Sunday said the rate increase was steeper than expected, but if any further rate hike is passed on to the home buyers, the employment-intensive real-estate sector will get adversely impacted. Reserve Bank of India raised the repo rate by 50 basis points to 5.9 per cent on Friday, in a bid [...]
