Siemens Q4 Results: Net profit rises 23% to Rs 392 cr on higher revenues
For the fourth quarter of Financial Year 2022 ended September 30, Siemens Ltd registered revenue from continuing operations of Rs 4,237 crore, an 11 per cent increase over the same quarter in the preceding year, it stated
US stocks open higher on gains in Walgreens, Best Buy
The Dow Jones Industrial Average rose 109.8 points, or 0.33%, at the open to 33810.05
Rate hikes to continue despite imminent slowdown
Economists have factored a lower growth for the September quarter at 6.5 percent compared to 13.5 percent in the June quarter. Despite risks of a further slowdown, the Reserve Bank is still expected to deliver a 35 to 50 basis points ( one bps is 0.01 percent) rate hike to manage inflation within the mandated […]
Over 80% Indians planning to celebrate holiday season with family, spend on travel, shopping: Survey
According to the Amex Trendex, a trend report from American Express, 88 per cent Indian respondents agree that they want to earn credit card rewards for online purchases this holiday season. The survey, however, did not mention the number of respondents.
Tech View: Nifty forms bullish candle. What traders should do on Wednesday
In the absence of any major event, the performance of the global indices, especially the US markets, will dictate the market trend. Besides, the upcoming expiry of November month derivatives contracts would keep the participants busy. Meanwhile, we suggest continuing with a stock-specific trading approach and focusing on sectors that are showing resilience in the […]
Sensex inches 274 pts higher after 3-day slide, Nifty ends tad below 18,250 level
The 30-share Sensex ended 274 points higher at 61,419 while its broader peer Nifty 50 ended just below the 18,250 level
Chart Check: This pharma stock hits fresh record high, breaks out from 70-week consolidation; time to buy?
Most of the technical indicators are in a buy mode. Additionally, it gave a breakout from 70-week consolidation which auger well for the bulls. On the price front, the stock price is trading above most of the crucial short- and long-term moving averages such as 5,10,30,50,100, and 200-DMA which is a positive sign for the […]
Should you sell or hold Kaynes Technology after solid debut?
The quota reserved for qualified institutional buyers (QIBs) was subscribed 98.47 times while the one reserved for non-institutional investors (NIIs) and retailers was subscribed 21.21 times and 4.1 times, respectively.
Kaynes Technology India makes a strong debut, lists at 33% premium
A day prior to its debut at the bourses, the company was exchanging hands at a premium of Rs 200 per share in the unofficial market, which translated into a listing pop of 35% over the issue price.
Hot Stocks: Global brokerage view on Bharti Airtel, PB Fintech and Zomato
Citigroup maintained a buy rating on Bharti Airtel with a target price of Rs 940. The global investment bank forecasts a 15% consolidated EBITDA CAGR for Bharti over FY22-25E.