The shares of Madras Fertilizers Limited opened 3 per cent higher on Friday at Rs 75.55 as against its previous close of Rs 73.65. In the early hours, it further gained 15 per cent to reach its new 52-week high of Rs 87.75. Madras Fertilizers Limited is a Public Sector Undertaking that is engaged in [...]
Crude oil prices and diesel marketing margins witnessed sharp corrections to ₹ 3.5 per litre to ₹ 13 per litre in H1FY23, as international diesel prices corrected to $103/bbl after reaching a high of $170/bbl in Mar 2022. As a result, analysts at brokerage firm Prabhudas Lilladher upgraded the shares of three oil marketing companies [...]
The recent trend indicates that markets may continue to exhibit intra-day volatility as investors keenly await the outcome of the US Fed's decision on interest rates next week.- Kotak Securities Ltd We expect weakness in tech stocks to continue on account of the weak growth outlook, FMCG stocks are expected to do well on the [...]
Banking stocks are already on an uptrend. However, they gained momentum after the RBI hiked the repo rate by 35 basis points on Wednesday. Both private banks, as well as PSUs, were big winners. The Nifty Bank gained an impressive 19.80% on a year-to-date basis (YTD), while the nifty PSU Bank index gained a massive [...]
Luxury and premium watch manufacturer, Ethos Limited’s shares rallied 6.19% to reach an intraday high of ₹ 973.80 apiece on the National Stock Exchange (NSE). Its shares were trading at ₹ 962.550 apiece at 11:59 AM on Monday. Exclusive partnership with Speake-Marin The company on Friday informed the bourses that it has signed an exclusive [...]
The Adani Group had started off with a hostile takeover bid for New Delhi Television (NDTV) by indirectly snapping up a 29.18 percent stake in the broadcaster. Along with Vishvapradhan Commercial and AMG Media Networks, the Adani group followed up the takeover with an open offer to purchase an additional 26% of the shareholding in [...]
The Indian benchmark indices opened on a flat note on the back of mixed global cues on Monday. The BSE Sensex was down 65.03 points or 0.10% at 62,803.47, while the Nifty was down 10.70 points or 0.06% at 18,685.40 levels. As the sentiments in the markets take a turn, here are 8 stocks recommended [...]
We are on the last day of the month of November and for most people, it's ‘Salary Day’ and for most, it is also ‘Investment Day’. While existing investors look to diversify their portfolios, new investors enter the market to benefit from the rapid growth and exponential returns on their investments. Out of the many [...]
The Government of India publicly holds a stake in more than 72 companies in India, according to the latest corporate shareholdings. It categorizes Central Public Sector Enterprises (CPSEs) under three different categories – Maharatna, Navratna, and Miniratna. Based on certain criteria, there are 11 companies that have the ‘Maharatna’ status. Of these, the record date [...]
The domestic indices BSE Sensex and NSE Nifty opened mildly in the green. The NSE Nifty gained 0.25% to trade at 18,625, and the BSE Sensex was up 177 points at 62,743. As the markets continue to rise, here are 3 fundamentally strong under Rs 500 for an upside of up to 43% : Indraprastha [...]
