Shares of Phoenix Mills jumped 5.71% on Monday’s early trades to reach an intraday high of ₹ 1355.00 apiece on the National Stock Exchange, after Morgan Stanley initiated coverage on the stock with an overweight rating. Last week, Motilal Oswal Financial Services had also initiated coverage on the stock. At 12:27 PM, the stock was [...]
The Board of Emami Ltd, on Friday, approved the proposal of Buyback of fully paid-up equity shares having a face value of Rs 1 at a price not exceeding Rs 450 per equity share which is a 26 percent premium to the current price levels. The aggregate amount of the buyback is capped at Rs [...]
Domestic benchmark indices have lost nearly 0.5% in the past five days and 2.80% in the past month amid the global financial crisis that dampened investor sentiment. The BSE Sensex was trading at 57, 656.71 points, up 0.23% as of 11:35 AM on Monday and the NSE Nifty 50 was at 16986.55 points up 0.24%. [...]
“Markets inched further lower and lost over half a percent, in absence of any favorable cues. The first half was dull however pressure in the index majors changed the tone and pushed the Nifty index below the 17,000 mark. The fall was widespread wherein metal, realty and energy majors felt the maximum heat. Meanwhile, the [...]
About three years ago, domestic benchmark indices had plunged 10% after the government's decision to impose a country-wide lockdown to curb the spread of the Covid-19 pandemic and this move battered investor sentiment. However, three years later, plenty of stocks have managed to deliver multibagger returns after the great fall. Here are a few midcap [...]
What do we mean by ‘Dividend’? Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends can be issued in various forms, such as cash payment, stocks or any other form. A company's dividend is decided by its board of directors and it requires the shareholders' approval. Generally, it [...]
Domestic benchmark indices declined on Monday triggered by weak global cues on the looming worries of contagion risks in the global banking system despite Credit Suisse’s acquisition by the UBS group. The Sensex opened marginally lower at 57,773.56 points and the Nifty at 17066.60 points. The indices ended lower on Friday, for the second session [...]
Global tech company KPIT Technologies Ltd hit its 52-week high figure today at Rs 913.90. Keeping a purview of six months, the stock has been able to deliver decent returns of around 37 percent to its holders. Since the inception of its listing on the exchange, the stock has proven to deliver returns of more [...]
Earlier this week, Indraprastha Gas Ltd. (IGL) and Bharat Heavy Electricals Ltd. (BHEL) entered into a Memorandum of Understanding (MoU) to design, develop, and commission dedicated cylinders for blending hydrogen with CNG and operating fuel cell-based power based power backup systems. The developments are along the lines of The National Green Hydrogen Mission launched by [...]
LIC Mutual Fund had started its process of absorbing IDBI Mutual Fund in the mid of 2022 and finally some big developments are taking place with respect to the same. The Competition Commission of India, on Wednesday, approved the proposal of LIC’s Mutual Fund arm ‘LIC Mutual Fund Asset Management’ to acquire the management rights [...]
