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 …
The ninth tranche of the Sovereign Gold Bond Scheme (SGB) 2021-22 will be available for subscription from January 10, 2022, for a five-day period ending on January 14, 2022. These bonds are issued on behalf of the Union government by the Reserve Bank of India. The price of the issuance has been set at Rs …
Jio IPO: A Significant Valuation Catalyst in the Telecom Sector Reliance Industries Limited’s (RIL’s) telecom unit is likely to enter the markets after its 33% sale of stakes to investors, including Facebook and Google. CLSA believes that this separate listing of Reliance Jio could become a major catalyst for the telecommunication sector in the country. …
According to most analysts, Axis Bank is likely to report healthy financials for the quarter ending on 31 December 2021. Aided by various factors like modest loan growth, cost reduction and low base in the previous year, the lender is expected to show impressive growth in deposits and advances. In the same quarter of the …
According to a company official, IPO-bound payment provider firm MobiKwik expects to report a 100% growth in revenue for the current fiscal year. The company’s COO and chairperson said that this MobiKwik IPO is a significant opportunity for the firm. She further added that MobiKwik would not launch its IPO during unstable market conditions and …
On 28 January 2022, Kotak Mahindra Bank informed the public of a rise in net profit to Rs. 2,131 crores which was a tad above the analysts’ expectation of Rs. 2,073 crores. This also happens to be a 15% year-on-year increase in net profit. To know more details about this story, read below. Key Highlights …
Persistent Systems share price rose 6% during Friday’s early trade as the company reported a rise in its profit. According to the company’s latest financial reports, it recorded a massive 45.9% jump in profit that reached Rs. 176.3 crores. A year ago, its profit stood at Rs. 120.9 crores. Read on to know more details …
While the bond markets had factored another rate hike during calendar year 2018, they had really not bargained for two rate hikes in succession. But, that is exactly what the Monetary Policy Committee (MPC) did on August 01st. After a 2-day meeting, the MPC decided to effect the second 25 basis point hike in the …
In Nifty Outlook of 09 June, 2022 expiry, we analyzed Nifty on Monthly, Weekly, Daily & Hourly time- frames. Below was the summary for our analysis Monthly – Nifty in Consolidation phase with Support of 15700. Weekly – Falling Range with LH-LL formation, took support of 15700 & then Shooting star candle with High of …
1. Monthly Time-frame Analysis : From the lows of Mar20, Nifty rallied from the level of 7500 to 18500 between Apr20 to Oct21 (19 Months) Since Oct 21, Nifty’s rally halted and gone into ‘Consolidation Phase’ till date. Recently, in May month Nifty formed a Hammer pattern from the support zone of 15700-16000. 2. Weekly …
