Tech View: Nifty50 may stay rangebound; 17,350 to offer support
A small positive candle that is placed beside the long positive candle of the previous session indicates a range-bound movement in the market after a pullback rally. This also reflects a lack of selling interest in the last couple of sessions after a sharp reversal on the downside on August 19 and August 22, said […]
After 20% rise in a month, this Kacholia stock can rally up to 55%! Here’s why
The company is planning to expand its capacity and is likely to gain incremental market share. Furthermore, the company’s likely expansion into Borosilicate glass provides a further avenue of growth.
GRMs of OMCs to decline from the highs of Q1: Fitch Ratings
Fitch also expects OMCs to incur large marketing losses in FY23 with continuing negative marketing margins as we expect crude oil prices to remain elevated until geopolitical tensions ease while rising inflationary pressure would prevent the OMCs from increasing fuel prices in the near term.
Can IDFC First Bank make its mark in retail banking space?
The bank has been consistently shedding the corporate book in the last few years. At the time of the merger in December 2018, corporate and infrastructure loans made up almost 65% of the book because of legacy issues. As a part of its strategic asset restructuring strategy, the corporate book share declined to 34% as […]
BPCL divestment process unlikely to restart this year: ET NOW sources
The economic uncertainty created by successive Covid-19 waves is not over yet, sources said, adding that the oil ministry also feels that unseen control on retail prices may hit divestment prospects.
DreamFolks IPO subscribed 72% so far on Day 1; retail portion booked 3.7x
The quota for retail bidders was subscribed 3.7 times, whereas the allocation for HNI investors fetched 16 per cent bidding. The quota for institutional investors did not garner any bids yet.
Crypto Price Today: Avalanche, Polygon gain; Solana & Dogecoin drop up to 3%
The series of such testnet upgrades will lead to a successful final merge which is expected to drive the price momentum for Ethererum. As we approach the merge deadline, Ethereum is expected to create a new support level at the $2000 mark and will lead the overall growth of the crypto market.
Big Movers on D-St: What should investors do with GE Shipping, Kalyan Jewellers and Deepak Fertilisers?
Stocks which were in focus included GE Shipping which rose more than 6 per cent, Kalyan Jewellers which gained nearly 10 per cent, and Deepak Fertilisers which rose 5 per cent.
Dreamfolks on route to revival, but it’s best to wait & watch
The company’s revenue growth is directly linked to the demand for travel by air. After the revenue-destructive impact of the pandemic on the travel industry, the company’s business is reviving.
Oil prices fall as fears of imminent OPEC+ output cut recede
Underlining tight supply, U.S. crude stockpiles fell by about 5.6 million barrels for the week ended Aug. 19., according to market sources citing American Petroleum Institute figures on Tuesday, against analysts’ estimate of a drop by 900,000 barrels in a Reuters poll.