Market Recap On Monday, a bearish candlestick pattern formed on the Nifty with shadows on both sides. It registered a high of around 23,111 during afternoon trade. However, last hour’s sell-off took the index below the 23,000 mark to settle at 22,932 (down by 0.11% or 25 points). It is apparent that bulls are facing …
IFCI, formerly known as Industrial Finance Corporation of India, is an Indian government-owned non-banking finance company which was established to cater to the long-term finance needs of the industrial sector. The stocks fell by 15.08% in 2022; but started seeing some improvements as it gave multibagger returns of 111.23% in 2023. In the calendar year …
On May 27, 2024, the Nifty 50 declined 0.11% and closed at 22,932, and the Sensex dropped 0.03%, closing at 75,390. Top Gainers and Losers On the sectoral front, Nifty PSU Bank, Nifty Realty, Nifty Bank and Nifty Financial Services 25/50 ended in the green. Meanwhile, Nifty Media, Nifty Metal, Nifty Oil & Gas, and …
India’s banking sector has reached a significant milestone in fiscal year 2024 (FY24), with the collective net profit exceeding Rs 3 lakh crore for the first time ever. This achievement underscores a remarkable turnaround in the sector A closer analysis reveals a notable discrepancy in the performance between private sector banks and public sector banks …
On May 27, 2024, Macrotech Developers Limited announced that it had acquired the remaining 50% stake in Siddhivinayak Realties Private Limited (SRPL). Siddhivinayak Realties Private Limited is a non-government company incorporated on May 24, 2001. The company is involved in real estate development and related activities. As of March 31, 2023, the net worth of …
On May 24, 2024, Amber Enterprises India Limited announced that announced that it had acquired an additional 20.22% equity stake in Ever Electronics Private Limited (EVER). The total cost of acquisition is ₹68,63,00,940. Before the acquisition, Amber Enterprises held 38,23,127 shares of EVER, leading to 70% of the shareholding. Post-acquisition, the company holds 49,39,064 shares, …
Fast-moving consumer goods (FMCGs) are mass-consumption, non-durable items that are readily available off the shelf. In this article, we will discuss the earnings of FMCG giants in India. ITC Limited: ITC is the largest cigarette manufacturer and seller in the country. ITC delivered a resilient performance during FY24 amidst a challenging macroeconomic and operating environment …
On May 27, 2024, Bharti Airtel informed the stock exchanges that it has 1.9 million customers availing of 5G service in Odisha. The company has successfully deployed 5G service across all cities and districts in Odisha, showcasing a favourable shift towards offering next-generation mobile connectivity. The company stated that over the last 6 months, Airtel …
On Monday, the market closed sharply off record highs as a last-hour decline in financial heavyweights dragged the market down. The Sensex fell slightly by 0.03% to close at 75,390.50, while the Nifty dropped by 0.11% to 22,932.45. Nifty PSU Bank, Nifty Realty, and Nifty Bank closed positively, whereas Nifty Media, Nifty Energy, and Nifty …
During Monday’s trading sessions, these three stocks gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Indian Overseas Bank Shares of Indian Overseas Bank closed at Rs 74.42, up 10.69% compared to the previous close of Rs 67.23. Today’s trading session saw a significant volume spike, with 12.70 times …
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