MRF misses the 1 lakh mark by just Rs 67 despite hitting 52-week high
MRF shares reached a 52-week peak of INR99,933.50 ($1,356) before closing at INR97,750 ($1,324), falling short of the coveted INR100,000 mark by INR66.50 ($0.90). Over the last three trading sessions, the stock saw almost 11% growth and gains of over INR10,000 per share. MRF outperformed the Nifty50, delivering more than 37% returns compared to the […]
Mankind Pharma IPO: What GMP signals ahead of listing on Tuesday
Mankind Pharma is set to list on May 9 with a premium of Rs 120 apiece according to grey market trends. The company is valued at a price-to-earnings ratio of 30 times FY22 earnings and has a market capitalisation of Rs 44,000 crore. The initial share sale of the company was subscribed 15.32 times with […]
FSDC for a special drive to help people get unclaimed deposits
Briefing reporters about the discussions in the meeting, Economic Affairs Secretary Ajay Seth also said there is no spillover effect of the failure of American banks on the Indian financial system, which is “well protected”.
Tech View: Nifty in buy mode till 18,200. What should traders do on Tuesday
The Nifty index ended above 18,250 points and formed a bullish candle on the daily chart, indicating that it is still in buy mode as long as it remains above the support of 18,200 points. Supports are placed at 18,181 and 18,081, while the index has a broader trading range between 17,800 to 18,500 points […]
ITC to announce Q4 results and dividend on May 18
ITC will declare its Q4 earnings on May 18th, along with the final dividend for FY22. The firm has already acquired over 39% of share capital in Sproutlife Foods Private Limited for Rs 175 crore. In Q3 FY23, the company posted a 21% YoY increase in net profit to Rs 5,031 crore. The target price […]
Star Performers! These 26 stocks gave index-beating returns in June quarter of last 3 FYs
Despite the benchmark Sensex failing to give positive returns in the June quarter of the last three financial years, 26 BSE-listed companies have managed to deliver index-beating and multibagger returns. The companies include BLS International, Chemcrux Enterprises, Chennai Petroleum Corp, De Nora India, Elecon Engineering, Gokul Agro Resources, Imagicaaworld Entertainment, Jupiter Wagons, Mangalore Refinery and […]
2 top stock recommendations from Mileen Vasudeo
And coming back to Bank Nifty, Bank Nifty also took support at 20-day moving average line and Nifty has already reclaimed the 10-day moving average line that is the short-term moving average line.
Asset quality not to be an issue, NPAs to go down further: Rajneesh Karnatak, Bank of India
As far as our net profits are concerned, we had a net profit of Rs 4023 crores to be exact. This is for the first time in the history of Bank of India, the annualised profit has touched Rs 4023 crores as against the backdrop of Rs 3405 crores as on March 2022.
At multi-year highs: TVS Motor, MRF among 7 stocks that gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 10,000 crore, seven stocks crossed their previous five-year high value at the close on May 05, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.
HDFC Bank to remain in Rs 1600 to Rs 1900 range for next 6 to 12 months: Digant Haria
All the positivity that you see for Paytm has come on two accounts; one is that they have really cut down their costs in the payment business. Payment business was the backbone of Paytm and a loss making part of their overall business. So they have controlled the losses there. Number two, they have done […]