Big Movers on D-St: What should investors do with Jubilant Pharmova, Hindalco and Samvardhana Motherson?
The texture of the chart formation and technical indicators such as RSI is indicating at a likely reversal from the current levels, which could lead to a new leg of the up move from its demand zone.In the near term, 268 would be the immediate support zone for the stock. Above the same, the stock […]
Dollar slips as banks rescue makes room for relief rally
The dollar slipped on Friday as risk sentiment improved after authorities and banks moved to ease stress on the financial system in major markets. This calmed the markets and allowed for the Aussie and kiwi to rise. The $30 billion rescue package put together by top power brokers from the U.S. Treasury, Federal Reserve, and […]
PVR going strong, stock fall offers attractive entry point
The underperformance of the company is glaring considering the successful release of Pathaan in January
Taking Stock: TCS under Gopinathan sees 18% CAGR in 6 years
The company’s market cap rose to around Rs 11.7 lakh crore from Rs 4.5 lakh crore, a CAGR of nearly 18%. The stock gained nearly three times during Gopinathan’s tenure, beating the benchmark Sensex which grew over two times. On Thursday, TCS announced that Gopinathan had resigned from his post to pursue “other interests”. He […]
Vinod Adani part of promoter Group: Adani Group to bourses
The clarification comes in the wake of Hindenburg Research alleging in its January report that Dubai-based Vinod Adani was responsible for creating and managing a network of offshore shell entities meant for stock parking, market manipulation and laundering money to aid the group in dressing up its financial position.
Patanjali slides 5%; company says no impact of share freeze on financial position
The company on Thursday clarified that the stock exchange’s action would not have any impact on its financial position. “We have a strong management team in place to steer towards our long-term journey,” the company said in an exchange filing. It said the promoters are confident of achieving mandatory minimum public holding norms within the […]
67% investors generate less returns than the index: Study
According to the study, 65% of investors were not even aware of their exact stock market returns and 77% were not aware that they consistently need to beat the benchmark indices.
FPIs must report changes in control, structure in 7 days
The government, in a notification issued on Wednesday, said that offshore funds will have to inform their custodians within seven working days of any ‘direct or indirect change’ in their control, ownership, and structure.