What is a Fibonacci Retracement? As Fibonacci’s famous numbers are expressed in nature very often, traders commonly believe that they influence the financial market as well. One widely employed trading tool among experienced investors is a Fibonacci retracement. A Fibonacci retracement is a series of horizontal lines on a stock chart conceived using the ratios from the numbers …
What has been transpiring at Infosys over the last few days is not something we often see. An iconic company in many ways, Infosys has typically stuck to its core values of performance, consistency, transparency and governance. Be it adopting global accounting standards or giving detailed guidance on earnings or sharing a wealth of information …
As the media continues to speculate on the perceived differences between the Infosys Board and its founding members, the Infosys management hosted a press conference to address some of the key queries that have been doing the rounds in the electronic & print media as well as the social media. Overall, the press conference was …
The stock price of the company, which became India’s most valuable startup, went down 9% on the National Stock Exchange. On the Bombay Stock Exchange, the shares of Paytm started trading at 1,955 per share. Despite the discounted listing of the share, its market capitalization has crossed the Rupee One Trillion mark. One97 Communications’ IPO …
The Directorate General of Civil Aviation (DGCA) allowed SpiceJet to bring back Boeing 737 MAX starting next month. The airline said in a regulatory filing that it would try to revive the MAX aircraft from September. This is a huge upside for Boeing that has been trying to bring its aircraft back into India. That …
Nearly 7% of the current Indigo flights are grounded because the Directorate General of Civil Aviation (DGCA) all A-320 Neos fitted with PW1100 engines beyond ESN 450 to be grounded with immediate effect. This announcement was made by the DGCA citing safety reasons after repeated engine problems were found. PW engines are manufactured by Pratt …
To be fair, it was never in doubt that D-Mart will get a bumper listing on the bourses. But the stock actually went on to break all expectations. Against the issue price of Rs.299, D-Mart listed at nearly Rs.600 and despite minor hiccups, closed the day near its highest point. By close, it had yielded …
A Brief Overview Unless you have been living under a rock, you must be familiar with the Life Insurance Corporation of India’s initial public offering (or IPO). This IPO is set to be the largest the country has ever witnessed. It will see the government selling stock to the public on behalf of the insurance …
Bank of India is seeking to reduce the Government of India’s stake in its holdings to 75% as per SEBI’s advice. BoI’s CEO and Managing Director, Atanu Kumar Das, relayed this news to Business Standard at the start of September. The bank wishes to pursue this course of action so that it can have adequate …
The Indigo results announced for the fourth quarter ended March 2017 and for the full year 2016-17 betray a clear pressure on the company on the airline’s financials. This pressure is both in terms of squeeze in revenues as well as in terms of higher costs. While competitive pricing is taking a toll on the …
