The Board of Easy Trip Planners has approved the issue of bonus shares as well as a stock split. Both corporate actions will take place on or before December 8, 2022. Easy Trip Planners (Ease my trip) is a travel company that got listed on the bourses only in March 2021. It provides travel agents [...]
The shares of Everest Industries Ltd., a building solutions company rose over 13.78% on Tuesday. The stock touched its high of Rs. 895.86 in its previous trading session and eventually closed at Rs. 878.05 for the day. As of 11:55 IST, the stock was trading at Rs. 865 per share on Wednesday, down 1.71% in [...]
US-based hedge fund Route One Fund I LP on Tuesday divested a 1.54 per cent stake in IndusInd Bank for Rs 1,401 crore through an open market transaction. Route One Fund I LP offloaded 1,20,00,000 shares, amounting to a 1.54 per cent stake in the company, as per the data available with the National Stock [...]
Wind energy solutions provider Inox Wind announced on October 10 that its arm Inox Green Energy Services (IGES) has sold its entire equity stake in three special-purpose vehicles to Adani Green Energy. These are Wind One Renergy Limited, Wind Three Renergy Limited, and Wind Five Renergy Limited. A special purpose vehicle sometimes called a special [...]
The shares of Panacea Biotec Ltd. hit their upper circuit of 20% in the early hours of trading on Thursday. The stock skyrocketed to touch its day’s high of Rs. 160.80 per share around 9:20 IST. It slightly declined to close at Rs. 158.70, up 18.43% for the day. This surge in stock price follows [...]
Equity benchmark indices fell sharply on Tuesday, with the Sensex tumbling nearly 844 points, in line with weak global market trends and foreign fund outflows. The 30-share BSE benchmark slumped 843.79 points or 1.46 per cent to settle at 57,147.32. During the day, it tanked 940.71 points or 1.62 per cent to 57,050.40. The broader [...]
The markets opened in red on Tuesday as the benchmark NIFTY50 index fell 0.20% or 35 points. As of 12:10 IST, the 50-basket index was trading at 17,206 points. In the last year, the index has declined 741 points or 4.13%. Contrast this with the performance of the banking industry during the same period. NIFTY [...]
The shares of Radhakishan Damani-owned India Cements Ltd. (ICL) fell more than 5.35% in the early hours of trading on Tuesday. As of 11:40 IST, the stock of the cement producer was trading at Rs. 260.5 per share. The decline in stock comes on the back of the sale of a subsidiary of India Cements [...]
The equity markets have been volatile this year. Over 30 stocks in the BSE 500 index have tanked more than 50 per cent from their 52-week high levels. Experts believe that weakness in the Indian Rupee, outflows by foreign investors and the effects of the geo-political crisis have been weighing on the market. Here are [...]
Top Three Features Cryptocurrency Trading Platform Crypto is the standout market on the TargoSwiss platform. The tools and techniques used are up there with the best crypto-specific trading apps- and the accessibility is great. TargoSwiss works with a dozen of the most popular cryptocurrencies- all of which can be deposited through an external digital wallet [...]
Shares of Tata Consultancy Services (TCS) on Tuesday fell by more than 1 per cent in morning trade, a day after announcing its September quarter earnings. The results were announced post market hours on Monday. The stock of the IT services exporter declined 1.15 per cent to Rs 3,085.25 on the BSE. At the NSE, [...]
Snapping a two-day winning streak, domestic equity markets ended lower on Monday. Most sectoral indices were in the red, except for information technology. Analysts believe that Q2 results of IT giants, global trends, the movement of the rupee and macro data will be major triggers for this week. "This week, participants will be eyeing important [...]
Government-owned Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation are expected to post losses in the second quarter ending September of the current fiscal year 2022-23. This may be the first time ever that state oil marketing companies (OMCs) will post losses for the second quarter in a row. As per a report [...]
Equity indices chalked up losses for the second straight session on Monday, in tandem with a bearish trend overseas as ratcheting up of hostilities in Ukraine and prospects of further rate hikes by the US Fed soured global risk sentiment. The rupee slipping to another all-time low against the US dollar amid foreign fund outflows [...]
The shares of IDBI Bank shot up by 10% today as the government invited bids for the bank’s privatization. As of 12:20 IST, the shares of the private sector bank were trading at Rs. 47.07 a piece. Based out of Mumbai, IDBI Bank is a large-cap government-controlled bank with a market value of over Rs. [...]
The shares of Atul Auto Ltd, a Vijay Kedia portfolio stock, shot up 14.05% to reach an intraday high of ₹ 244.40. This happened after the company’s board approved a preferential issue of ₹ 115 crores worth of warrants to promoters and non-promoters of the company, including ace investor Vijay Kishanlal Kedia. Atul auto is [...]
India's largest software services exporter, Tata Consultancy Services (TCS) on Monday will kick off the corporate earnings season for the September quarter of the current financial year (Q2FY23). The company is all set to announce its results scheduled post-market hours on Monday. The shares of the IT giant gained 1.47% and were trading in the [...]
The shares of Global Education Ltd. hit its upper circuit of 4.99% to touch Rs. 403.80 during the early hours of trading on Monday. Global Education is a small-cap educational service provider and consultancy firm based out of Mumbai with a market value of Rs. 411 crores. The company’s shares are expected to trade ex-split [...]
Benchmark Indices turned red on Monday and lost around 0.7%. Oil & Gas and Pharma gained, while IT, Bank, Auto, Metal, FMCG, Consumer Durable and Auto were under pressure. The week had four sessions as the markets were closed on Wednesday on account of Dusshera. Amid a choppy session on Friday, benchmark Indices BSE Sensex [...]
Debt is an important parameter that we check while analysing a company. It is an important source from which companies raise capital for their business apart from equity. Having an ideal amount of debt can help to reduce the cost of capital of a company, however, too much of it can pose threats to its [...]
