Oracle Financial Services Software and Indian Oil Corp are identified as upside potential stocks based on technical analysis. Both stocks have displayed promising technical setups, including price volume action before and a potential to breakout. Currently trading at Rs 7,903.10 and Rs 177.50 respectively, their price structures align with positive signals from technical indicators like …
On Wednesday, March 6, 2024, morning at 10 AM, the share price of Samvardhana Motherson International fell about ~6% after the news that a block deal with about 4.7% equity is said to have changed hands. Samvardhana Motherson Block Deal Details While the deal details are not yet available on the exchanges, Sumitomo Wiring Systems, …
Today, on March 6, 2024, the shares of Bharat Heavy Electricals Ltd (BHEL) fell around 6% despite the news that the heavy electrical equipment maker said it had bagged a ₹9,500 crore order from NTPC (National Thermal Power Corporation) Ltd. BHEL Bags NTPC Contract On Tuesday, BHEL announced that the company bagged a contract from …
Fairfax India Holdings Corporation a steadfast investor in IIFL Finance Limited, has stepped forward to provide crucial liquidity support in response to the recent Reserve Bank of India embargo on the company’s gold loan disbursements, effective March 5, 2024. About the agreement The RBI’s imposition of restrictions has prompted concerns among investors and lenders about …
India’s transportation industry is undergoing a significant transformation with a growing emphasis on green alternatives. One notable development is the increasing adoption of electric buses as part of the country’s ambitious green transport agenda. This article explores the key drivers, challenges, and opportunities surrounding the electrification of India’s bus fleet. Auto Manufacturers Embrace Electric Buses …
Today, on March 6, 2024, the share of South Indian Bank is to be on focus. This is a result of their rights issue, which was approved on February 21, 2024. The bank’s Board of Directors approved the rights issue to raise ₹1,151.01 crore. The record date was on Tuesday, February 27, 2024. South Indian …
The benchmark index S&P BSE 500 opened today at 32,214.13 and made its day high at 32,216.53, and it is trading in red today, down by more than 1% From the same space, these are the top 3 companies that outperformed the benchmark index and were up by more than 2% today. Alok Industries Ltd …
The domestic indices experienced fluctuations, hovering between modest gains and losses, finding it challenging to gather momentum amidst notable downturns in sectors such as power, utilities, metals, telecom, and IT. However, the BSE Bankex and BSE Financial Services indices emerged as the sole gainers on the BSE for the day. At 10:45 am, the BSE …
On Wednesday, the benchmark indices were trading in the red with the Sensex down around 163 points or 0.22% at 73,513, while the Nifty-50 was down around 68 points or 0.30% at 22,287. About 695 shares have advanced; 2,870 declined; and 127 are unchanged on the BSE. Top gainers and losers on the BSE Sensex …
Zomato, the Indian online food delivery giant, witnessed a nearly 3.5% drop in its shares today, prompted by a block deal that occurred during the morning session. The company’s shares recently reached their previous all-time high levels on the first day of the current month, March, and began trading at these record levels. However, they …
