Agilus Diagnostics files draft papers with Sebi to raise funds via IPO
Agilus Diagnostics, formerly known as SRL Ltd, is one of the largest diagnostics service providers in terms of number of laboratories and the second largest in terms of revenue from operations in India, as of financial year ended March 31, 2023, according to a Crisil report.
Oversold gold may slide further on elevated yields, firmer dollar
High US yields and a strong Dollar continue to act as headwinds against the metal as investors see the US Federal Reserve sticking to its high rate regime for a duration longer than previously expected.
Bank of Baroda among 7 stocks on which brokerages initiated coverage, see up to 95% upside
A host of brokerage firms have initiated coverage on several stocks. They see a strong potential in these companies, which include Bank of Baroda, IIFL Finance, IRCON International, and Rainbow Children’s Medicare, with a targeted upside of up to 95%. Here is a list of 7 stocks on which brokerages initiated coverage:
The intricate web of crypto scams: An advisory
Crypto jacking, the unauthorized use of individuals’ computing resources for Crypto mining, saw a global surge, surpassing 300 million incidents by June 2023, as reported by Sonicwall.com. Although less prevalent in India, it remains a concerning issue.
China September factory activity expands for first time in six months
The official purchasing managers’ index (PMI) rose to 50.2 in September from 49.7, according to the National Bureau of Statistics, edging above the 50-point level demarcating contraction from expansion. The reading beat a forecast of 50.0.
Six smallcap stocks surged over 50% in September. Do you own any?
The main trigger for the company was that it developed its own branded Laptop and Micro PC in the market that matches international quality and performance. ITI Ltd was followed by Omaxe, whose shares gained 64% and Jai Balaji Industries, which rose 61% in September. IFCI, GTL Infrastructure and NIIT are the other stocks in […]
Gold prices fall to six-month low. What’s bothering traders?
Gold had a firm start this year by gaining more than 13 percent in the first five-month period. Since then, it has consolidated in a tight range, and last week, it came out of the stiff support zone of $1880 an ounce.
Multibagger tracker: This BSE500 stock turned Rs 10,000 to nearly Rs 5 lakh in a decade
Avanti Feeds is a manufacturer and exporter of aqua feeds. The company manufactures and sells feed for prawn, shrimp and fish. The company’s shrimp processing and exports product portfolio includes raw shrimps, shrimp rings, fish meals, cooked shrimps, skewers, marinated products.
Stock traders’ risk appetite faces great reset
Put another way, the Federal Reserve’s restrictive monetary policy is tightening financial conditions by design. The two-month damage to stocks thanks to even higher longer-term bond yields — while the US dollar soars — has pushed a Goldman Sachs Group Inc. index of cross-asset health to the most sluggish level of the year.
China stock investors say worst yet to come in property crisis
That’s the view from nine of 15 respondents in an informal Bloomberg News survey of analysts and money managers based in Hong Kong and mainland China. Six of them listed housing woes as the biggest risk for equities for the final quarter of 2023. Geopolitical tensions emerged as the second-biggest concern.