Mentha oil futures jump 6% intraday, 25% in August. Is correction on cards?
Commodity and currency expert Neha Qureshi, Senior Technical & Derivative Analyst at Anand Rathi said that mentha oil prices have seen a dramatic rise in the last couple of weeks as supply-side fundamentals are seen tightening amid an expected drop in output during the 2023-24 season. “Output of this oil is seen declining for a […]
After new directives, Income Tax department may reopen a large number of past cases
The Central Board of Direct Taxes (CBDT) has issued comprehensive directives to tax officials regarding the reopening of past cases under the Income-tax (I-T) Act. The guidelines emphasize that cases already concluded will not be reopened or reassessed if the verdict of the appellate authorities has already achieved the finality.
Turnaround stocks: These 4 multibagger companies returned to profits in Q1; worth a look?
Among index majors, Axis Bank, UPL, Oil and Natural Gas Corporation, and Sun Pharmaceutical Industries witnessed a rebound in earnings in the June quarter.
Chart Check: After 10% rally in a month, this smallcap breaks out from 85-week consolidation; time to buy?
The stock which is part of the S&P BSE Smallcap index rose from Rs 507 as on July 24, 2023, to Rs 558 recorded on August 24, 2023 which translates into an upside of about 10% in a month.
Suzlon Energy shares hit 5% upper circuit. What analysts say
Suzlon will supply the wind turbines (equipment supply) and execute the project including erection and commissioning. Suzlon will also provide operation and maintenance services post‐commissioning, the company said.
Tomato prices plummet from Rs 300 to Rs 14 per kilo within weeks; Analysts warn further dip to Rs 5
Tomato prices in India have taken a sharp downward turn after reaching a peak of nearly Rs 300 per kg. Prices dropped to as low as Rs 14 per kg in the Mysuru APMC market, while in Bengaluru, prices ranged from Rs 30 to Rs 35 per kg. The decline is attributed to a slump […]
Market to be in consolidation phase over next 1-2 quarters: Mahesh Nandurkar
I mean, the risk-free rates in the US have gone back up to the peak levels that we saw back in March. So, when you are able to make a 5% risk-free rate in the US, then that is obviously going to be something that will put equity valuations all over the world into a […]
Flashback: Key announcements by Mukesh Ambani in last 5 AGMs of Reliance Industries
Reliance Industries AGM has been a highly-anticipated event as company chairman & managing director Mukesh Ambani makes announcements on what RIL will do next to drive growth
Golden Crossovers: Ipca Labs among 3 stocks signaling further bullishness
How to trade Nifty ahead of monthly expiry? Kunal Shah does some chart reading
During the entire August series, the index has encountered consistent selling pressure from elevated levels. A notable resistance zone was established around 19500-19700, where the bears exerted their influence.