Reliance Capital Q4 Results: Net loss narrows to Rs 1,488 crore
The constituent of debt-laden Reliance Group had reported a consolidated net loss of Rs 4,249 crore in Q4FY22. Its total consolidated income decreased to Rs 4,436 crore from Rs 4,770 crore YoY.
These 10 financial services stocks record new 52-week highs
India’s unemployment rate eases to 6.8% in January-March 2023: NSO survey
The unemployment rate was 6.0% for men and 9.2% for women. It was 6.5% and 9.6% for men and women respectively, in October– December 2022.According to the PLFS report, female labour force participation in Q4 FY23 increased marginally to 22.7% from 22.3% in the previous quarter. The male abour force participation stands at 73.5%.
Tech View: Nifty Bank in uncharted zone as it scales new peak. What should traders do on Tuesday
Nifty formed a small-bodied bearish candle, but Nifty Bank ended above record high levels at 44,312. Nifty needs to hold above 18,500 for upward movement towards 18,650 and 18,888; otherwise, it has support at 18,333 and 18,442. The daily momentum indicator has finally provided a bullish crossover, while Nifty can witness small profit booking due […]
ITC shares hit all-time high, top Rs 450 mark ahead of turning ex-dividend
ITC’s shares hit a record high on Monday before it went ex-dividend on May 30. The company’s board recommended a final dividend of Rs 6.75 and a special dividend of Rs 2.75 per equity share, which, along with the interim dividend of Rs 6 per share, will total Rs 15.50 for FY 2022-2023. The stock […]
Vedanta shares to trade ex-dividend on Tuesday
Shares of Vedanta will trade ex-dividend on May 30 as the company announced an interim dividend of INR 18.5 per share for FY2023-24. The record date for equity shareholders eligibility has also been set for May 30. Vedanta is one of the highest dividend-paying stocks, having declared an equity dividend of INR 70 per share […]
Record-bound Indian stocks reclaim spot in world’s top 5 markets
India’s stock market has overtaken France and regained its position as the world’s fifth-largest stock market, with a market capitalisation of $3.3tn. This came about thanks to the recovery of Adani Group stocks after a major upheaval earlier this year, combined with international funds fleeing the sluggish Chinese investments market and scouting growth opportunities in […]
Stocks of these 21 cos tumble over 20% in 1 year as profits slump for 4 straight quarters
At least 21 Indian companies with a market cap of over INR 5bn ($66m) saw their profits decline in each of the past four quarters and their stocks suffer negative returns in the last year, according to ET Markets. Five of the companies belong to the pharmaceutical sector, while three operate in specialty chemicals. Laxmi […]
After 52-week high, IDFC First Bank shares on way to hit a century
IDFC First Bank’s shares hit a 52-week high of INR 70 on the NSE as it rallied by over 5% over the past three trading sessions. A 15-17% rally from the current level by the middle of July will result in the stock making a cut in the MSCI Standard Index in its August review, […]
Chart Check: Balkrishna Industries rallies 20% in a month! Time to add more or book profits?
Auto component maker Balkrishna Industries hit a fresh 52-week high last week, and experts suggest the rally isn’t over yet. Short-term traders are being advised to buy the stock on dips for a possible target of INR3,000 in the next two to three months. The stock hit INR2,490 on 26 May, up from a low […]