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 [...]
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 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 [...]
The stock market fluctuates due to the daily tussle between the bulls and the bears. US markets have been weak amid the fear of recession and global demand issues. The paper manufacturing company stocks have surged as paper demand triggered after the ban on plastic use. Similarly, the market may record many stock-specific reactions, especially [...]
The world's leading independent brand valuation consultancy, Brand Finance, has ranked the UAE as No. 1 in "brand performance" due to its rapid economic growth and speedy recovery after the COVID-19 pandemic. The government's proactive policies to welcome more businesses, investments and tourism have made the Emirates one of the most easily accessible countries in [...]
Tulsi Tanti, the founder chairman and managing director of Suzlon Energy and a renowned expert on renewable energy, died due to cardiac arrest on Saturday evening. Tanti, 64, who was also the chairman of the Indian Wind Turbine Manufacturers Association, was on his way to Pune from Ahmedabad when he suffered a cardiac arrest, a [...]
The shares of KEI Industries Limited have delivered a return of 19,608% to its shareholders in 9 years as the stock price has increased from Rs 7.25 in September 2013 to the current level of Rs 1,446. If an investor would have invested Rs 1 lakh in the shares of the company at those levels [...]
Market barometers dropped and extended losses after a gap down opening on Monday. The BSE Sensex was trading at around 57,400 points while the Nifty was at around 17,100 points. Healthcare stocks gained but financial, metal, oil & gas and auto shares, dragged the indices to the red. On Wednesday, the Rupee stooped to an [...]
Reliance Jio, the nation's biggest telecom firm, will expand 5G telephony services offering ultra high-speed internet connectivity to every part of the country by December 2023, its chairman Mukesh Ambani said on Saturday. Jio had in September 2016 made an entry into the telecom sector, offering free voice calls and dirt-cheap data, forcing the competition [...]
LIC increases its stake in this chemical stock and analysts see an upside of 42% The shares of Deepak Nitrite Limited had gained approximately 2 per cent and were trading at Rs 2,045 levels in the afternoon on Friday. In the past three months, the stock has gained approximately 18 per cent. Life Insurance Corporation [...]
The changes in the New NIFTY 50 have come into effect from today i.e, September 30th, 2022. Adani enterprises is set to replace the former smallest constituent of the index- Shree cement. According to a report published by Edelweiss Securities Limited, Adani enterprises’ inclusion in the index will weigh 1.29% of the total index. The [...]
A company generally decides to split its shares mainly because of two reasons. The first is to improve the trading liquidity in the market and the second reason is to make the stock seem more affordable to investors. The number of shares outstanding increases and the price per share decreases, keeping the total market capitalization [...]
Medical equipment manufacturer Airox Technologies has filed preliminary papers with capital markets regulator Sebi to raise Rs 750 crore through an initial public offering (IPO). The IPO is entirely an offer-for-sale (OFS) of equity shares by promoters -- Sanjay Bharatkumar Jaiswal and Ashima Sanjay Jaiswal, according to the draft red herring prospectus (DRHP). Under the [...]
