The first quarter earnings season is underway and as many as 225 companies will announce their numbers on Thursday. Key results to watch out include that of LIC, Eicher Motors, RVNL, SAIL, MRF and GRSE. Apart from the above, companies like ABB India, Agri-Tech, Astral, AstraZeneca India, Biocon, Birla Corp, Container Corp, Emkay Global, HCL … Read more
Benchmark indices Sensex and Nifty bounced back sharply on Wednesday after three straight days of massive decline following a rally in global peers and value-buying at lower levels. Stocks that were in focus include names like ONGC, which rose 7.45%, PFC, which jumped 4.30%, and Tata Power, whose shares declined 1.31% on Wednesday. Here’s what … Read more
The first quarter earnings season is underway and as many as 158 companies will announce their quarterly numbers on Wednesday. Key results to watch out for include Pidilite, Godrej Consumer, NHPC, BSE and ABFRL. Apart from the above, companies like Aadhar Housing Finance, Abbott India, Abans Holdings, Apollo Tyres, Balaji Amines, Godfrey Phillips, Harsha Engineers, … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty Future closed negative with losses of 2.50% at 24,094 levels on Monday. India VIX was up 42.63% from 14.40 to 20.42 levels. On the options front, the maximum Call OI is placed at 26,000 and then towards 25,000 strikes while … Read more
The initial public offering (IPO) of Ola Electric has been fully subscribed on day two of bidding process on Monday. The issue was booked 35% on day one. The issue attracted bids for 49,43,85,840 shares or 1.06 times the issue size of 46,51,59,451 shares. The quota reserved for retail individual investors (RIIs) was subscribed 2.87 … Read more
Equity benchmarks halted their five-day rally to close with deep cuts on Friday in line with a global sell-off as investors dialled back risk exposure. Stocks that were in focus include names like Zomato, which gained 12.24%, ITC, which fell 0.98%, and Adani Wilmar, whose shares rose 9.99% on Friday. Here’s what Pravesh Gour, Senior … Read more
Shares of auto major Tata Motors on Friday fell around 4.7% to the day’s low of Rs 1,090 on BSE after as margins in the passenger vehicles segment came in lower than expected in the Q1 results. Brokerages, however, have given target prices going beyond Rs 1,300. Global brokerage firm UBS, which maintained a sell … Read more
Oil prices rose on Friday but were set for a fourth weekly decline as signs of disappointing global fuel demand growth outweighed fears of supply disruptions in the key Middle East production region. Brent crude futures gained 33 cents, or 0.4%, to $79.85 a barrel by 0020 GMT, after falling 1.5% in the previous session, … Read more
Shares of IT major Infosys fell 1% to the day’s low of Rs 1,845.40 on BSE on Thursday after the company was in the news for being under an investigation by the Directorate General of GST Intelligence for alleged evasion of over Rs 32,000 crore GST. The company has however provided clarification on the matter … Read more
The first quarter earnings season is underway and as many as 88 companies will announce their quarterly numbers on Thursday. Key results to watch out for include ITC, Sun Pharma, Tata Motors, Adani Enterprises, Adani Ports, Zomato and Dabur. Apart from the above, companies like AB Capital, Clean Science Tech, Emami, Escorts Kubota, Indegene, Le … Read more
