Aurobindo Pharma among 5 stks that hit 52-week high
On Monday, benchmark index Sensex registered an increase of approximately 79 points, concluding at a value of 65,401. Against this modest upward trend, 5 stocks from the BSE 200 index reached new highs within the preceding 52 weeks. The 52-week high is a crucial technical indicator for assessing the present value of a stock and […]
Sebi bars Punit Goenka to hold CEO position in Zee-Sony merged entity
Until the investigation is complete, Subhash Chandra and Punit Goenka will not hold any directorial positions in any of the Essel Group companies, the regulator says. Sebi bars Punit Goenka to hold CEO position in Zee-Sony merged entity
Sebi floats consultation paper to review delisting norms; proposed fixed price for voluntary delisting
The Primary Market Advisory Committee (PMAC) has made certain recommendations, including alternatives for reverse book building process to discover the delisting price
Tech View: Nifty shows support at 50-EMA. What traders should do on Wednesday
As the RSI on the daily chart demonstrated a bearish crossover, with its value dropping below 50, it could be signs of a weakening trend
PVR Inox among 5 smallcap stocks that have highest number of ‘buy’ ratings
ETMarkets has collated 5 smallcap stocks that have the highest number of buy ratings and can rally up to 33% in the near term.
SpiceJet Q1 Results: Airline’s loss narrows to Rs 6 crore YoY; revenue up 12%
The revenue from operations stood at Rs 2,043.91 crore for the reported quarter, up 12.4% year-on-year (YoY). The revenue stood at Rs 1,817.39 crore in the year-ago period. In the March quarter of FY23, SpiceJet had reported a net profit of Rs 110.12 crore while the revenues stood at Rs 2,263.41 crore.
Adani Ports shares fall 4% after Deloitte quits as auditor
Adani Enterprises fell 5.4%, while Adani Green Energy and Adani Transmission declined over 4% each. Adani Power, Adani Wilmar, and Ambuja Cement also fell nearly 3%.
Hot Stocks: Brokerages view on Nykaa, Adani Ports, Apollo Hospitals and LIC
Motilal Oswal maintained a buy on Apollo Hospitals with a target price of Rs 5700. Apollo Hospitals (APHS) delivered operationally in-line 1QFY24.“We remain positive on APHS due to: a) its sustained healthy growth/ profitability in healthcare services, and b) efforts to achieve breakeven in Healthco during 4QFY24E,” said the note.
Goldman Sachs expects Fed to resume rate cuts in second quarter of 2024
Goldman Sachs said it expected the U.S. Federal Reserve to start cutting interest rates in the second quarter of calendar year 2024 but warned of a significant risk that rates could hold steady if inflation doesn’t cool fast enough.
Nykaa shares drop 11%. Here’s what troubled investors after Q1 results
BofA, which has taken a neutral view on the counter, sees competition as a key downside risk for Nykaa while ICICI Securities downgraded the stock to ‘Add’ and advocated tighter corporate spend to meet margin expectations.