Shares of Rama Steel Tubes Limited (RSTL), an Indian manufacturer of steel pipes and tubes, have hit 5% in the upper circuit. This stock has crossed the upper circuit for eight straight sessions in an otherwise weak market. It has logged a total of 75% rise from its Rs. 234.25 levels as of 27 December …
Telecom company Bharti Airtel brought the curtains down on a low-tariff era when it hiked tariffs on its prepaid services by nearly 20 to 25 per cent as it reportedly aims to increase its average revenue per user (ARPU). The tariff hike came into effect from November 26 but immediately after the announcement, on November 21, …
Introduction Traders and investors in the stock market frequently use the words penny stocks and blue-chip stocks. These two stocks each have their own benefits and drawbacks. Investors like these equities because of their responsibility and capacity to pay dividends while taking into account the risk associated with these stocks. Among the several stock classes …
On 5 September 2021, Telecom stocks jumped prior to the Cabinet meeting scheduled for later that day to consider monetary relief to embattled enterprises. On the other hand, Vodafone Idea stock went up by 0.58% and reached Rs. 8.74 apiece. Reliance Communications gained 1.6%, while MTNL climbed by about 2%. Moreover, Bharti Airtel share price …
Adani Powers (APL) board of directors have approved the proposal to delist Adani Power from exchanges. It announced its decision in an exchange notification on Monday. In buying back its shares, Adani Power is offering a floor price of Rs 33.8 to its existing shareholders – a price that is 11 percent lower than its …
L&T Technology Services has reported a jump of 84% in their net profit as issued on Wednesday, amounting to Rs. 216.2 crores. The company’s overall revenue has also increased by 19.42% to Rs. 1562.6 crores for this quarter, and the operating profit has increased 5.20% to 17.3%, the highest in recent times. Following a strong …
An Overview ICICI Bank’s stock has surpassed the ₹5 trillion market capitalization record, with a gain of nearly 35% so far this year. The stock closed at 719.20 per share on the BSE on Wednesday, up 0.05 percent from its previous finish, with a market capitalization of a little under ₹5 trillion. Analysts believe that …
In Tata Motors share news, company stocks jumped after the car manufacturer revealed sales figures for December 2020. The company registered 84 percent growth in the domestic passenger vehicles segment even with tepid demand in the pandemic-hit market. According to reports, the passenger vehicle segment of the company witnessed a steady growth during last year. …
Amid volatility in the global markets, the BSE Sensex on Tuesday closed 195 points lower at 57,064 while the Nifty 50 closed at 16,983, shedding 70 points. The India volatility index, VIX, closed over the 21 levels. Meanwhile, the shares of the Indian Railway Catering and Tourism Corporation (IRCTC) recovered on Tuesday and in early …
Shares of IRCTC fell by 25% to 685.35 when the stock market opened on 29 October 2021. Resultantly, the company lost nearly Rs. 18,000 crores of market cap overnight, just in a flash. What led to this fall in shares? Let us find out. Why Did IRCTC’s Shares Drop During Early Trade? Shares of IRCTC …
