Big Movers on D-St: What should investors do with Shree Renuka, IDBI Bank and Tata Chemicals?
Continuing its daily rising trend, the stock surpassed its prior swing high of Rs 63 and rose to fresh 10-year high of Rs 66. It has potential to move towards Rs 75 in the short-term and Rs 95 in the medium-term. The stock is positively poised above its major moving averages, and key technical indicators […]
Gold flat as firm dollar, U.S. rate-hike outlook dent appeal
The U.S central bank is clear on the need for restrictive monetary policy to lower inflation, Fed Vice Chair Lael Brainard said on Monday, but the path and pace of rate increases will remain “data-dependent” as the central bank monitors the economy and the evolution of domestic and global risks.
Bajaj Auto buys back shares worth Rs 2,499.97 cr
The company’s board at its meeting held on June 27, 2022 had approved the proposal for buyback of the fully paid up equity shares of face value of Rs 10 each from existing shareholders except promoters, promoter group and persons in control of the company from open market at a price not exceeding Rs 4,600 […]
Hero Moto’s EV strategy may not fetch desired results
Hero plans to produce 30,000-40,000 Vida scooters in the first year of production. However, the pricing may make it an uphill task to reach that level of production.
September weakness on Street turns MF SIPs into gulps
Equity schemes received net inflows of ₹14,100 crore in September compared to ₹6,120 crore in the previous month, according to data released by the Association of Mutual Funds in India (AMFI). Flows through systematic investment plans (SIPs) rose to a new all-time high of ₹12,976 crore, compared to ₹12,693 crore in August.
Q2 results: What to expect from insurance sector
The growth can primarily be attributed to single premiums and more specifically to Life Insurance Corporation’s (LIC) group single premiums. LIC reported a 46% jump in first year premium collection in April-September period over the same period last year while the private insurers collectively saw a rather slower 23.3% year-on-year rise compared to 27.7% rise […]
Pace of new deal wins in focus at TCS amid tepid revenue growth
The employee attrition rate elevated during the quarter on an annual basis through the company management has cited a moderating trend on a quarterly basis. The net employee addition for the quarter was the lowest at 9,840 in nine quarters, signalling the beginning of moderation in the hiring frenzy seen over the past few […]
How rupee plunged to a new lifetime low at 82.70/$
The Reserve Bank of India (RBI) is estimated to have sold about $1 billion on a day the US financial markets are shut. The RBI could not be immediately contacted for comments.