Time to check into some hotel stocks! Lemon Tree could give 18% return
The occupancy rate is likely to improve further while ARR would remain resilient in anticipation of a resumption in foreign inbound travel that would continue to propel the top line.
Bitcoin tops $19,000; Ethereum, BNB, Avalanche zoom up to 9%
The global cryptocurrency market cap was trading at the $975.93 billion mark, surging more than 4 per cent in the last 24 hours. However, the total trading volume dropped almost 20 per cent to $69.97 billion.
Stocks to buy or sell today: 8 short-term trading ideas by experts for 8 September
Indian market bounced back but Nifty50 could face some resistance above 17700-17750 levels, suggest experts. Indian benchmark indices underperformed the broader indices on Wednesday. We expect current volatility to persist as investors are cautious regarding another 75bps rate hike by the US Fed, Mohit Nigam, Head – PMS, Hem Securities, said.
Stock Radar: India’s largest company by m-cap could hit fresh highs in next 1 year! Read why
Oil-to-telecom conglomerate Reliance Industries (RIL) hit a record high of Rs 2,855 on 29 April 2022, but it failed to hold on to the momentum. The stock closed at Rs 2,595 on September 7 which translates into a fall of over 9 per cent.
Adani Group sets Oct 17 as start date for NDTV open offer
The last date for the public announcement for competing offers stands at September 21 and, if everything goes right, the tendering period for open offer will commence on October 17. The company intends to make a cash offer at a price of Rs 294 per share to acquire up to 16,762,530 shares, representing a 26 […]
Dollar resumes climb in Asia as Powell speech, ECB loom
Recent rhetoric has continued to be hawkish overall, with Boston Fed President Susan Collins saying overnight that bringing inflation back down to 2% is the Fed’s Job One, while Fed Vice Chair Lael Brainard commented that tight monetary policy will continue “for as long as it takes to get inflation down.
Big Movers on D-St: What should investors do with EIH, Wockhardt & Hindustan Foods stocks?
Stocks that were in focus include names like EIH which was up over 11 per cent, Wockhardt rose more than 8 per cent, and Hindustan Foods rose nearly 6 per cent on Wednesday.
Wall Street reaches four-week highs as bond yields drop
Data signaling strength in the U.S. economy has prompted traders to bet on a 75-basis-point interest rate hike by the Fed later this month. Fed fund futures implied investors were pricing in a more than 76% chance of such a move.
India’s global market cap share at all-time high
The relative outperformance has propelled India’s share in global market cap to an all-time high of 3.5%, rebounding from a low of 2.05% on May 19, 2020, in the aftermath of the pandemic-triggered collapse in share prices.
SBI, BoM raise over Rs 7,500 cr via AT1 bonds to fund loan demand
AT1 papers come with a five-year call option. Accordingly, the difference with the five-year government bonds came around 59 basis points annualised. The matrix was as much as 159 basis points last time in December, 2021 when SBI had sold perpetual papers yielding 7.55%.