Vijay Kedia slashes stakes in these 5 stocks during March quarter
Vijay Kedia publicly holds 17 stocks with a net worth of over Rs 1,664 crore, as per the latest corporate shareholding data.
Technical Breakout Stocks: How to trade Supreme Industries, Aegis Logistics and ICICI Bank on Tuesday
The Sensex rose over 900 points while the Nifty50 closed with gains of over 200 points. Sectoraly, buying was seen in utilities, public sector and banks while realty stocks saw some selling pressure.
No significant poll impact on equity mkts; Nifty to hit 30K by 2027: FidelFolio
According to the equity advisory firm, apart from a few exceptions the Nifty indices have often demonstrated an upward trajectory around elections. Despite the difficulties and volatility during the previous 30 years, Nifty has provided a CAGR return of 13% when examining market returns.
Tech View: Nifty forms long bull candle. What traders should do on Tuesday
Nifty’s short-term uptrend seems to have resumed after one day of weakness. The next upside levels to be watched are around 22,800-22,900. Immediate support is at 22,500, said Nagaraj Shetti of HDFC Securities.
Trent Q4 net profit soars multifold to Rs 712 cr, dividend declared at Rs 3.2
Fashion and lifestyle player Trent on Monday reported a multifold jump in consolidated net profit at Rs 712 crore for the quarter ended March 31, 2024. The profit stood at Rs 45 crore in the corresponding quarter last fiscal.
Increasing global uncertainties may impact demand, India’s exports: FIEO
FIEO warns of geopolitical tension impact on 2024-25 exports due to global demand. Outbound shipments fell by 3.11% in 2023-24, imports over 8% to USD 677.24 billion. Key factors include freight rates, inflation, and interest rates.
Moving towards zero net NPA; will consider universal bank licence after 2-3 years: Utkarsh SFB CEO
Govind Singh, MD & CEO of Utkarsh SFB, discusses plans to transition to a universal bank, emphasizing positive quarterly performance, NPA targets, and regulatory evaluation for the transition in the next two to three years.
SBI Cards shares drop 4% after March quarter results. Should you buy, sell or hold?
Shares of SBI Cards and Payment Services dropped 4% to the day’s low of Rs 718 on Monday after the company released its Q4 results on Friday wherein an 11% year-on-year (YoY) rise in profit after tax to Rs 662 crore for the quarter ended March 2024 was reported.
Top Indian fund bullish on telecom stocks amid tariff hike bet
Mukesh Ambani’s Jio disrupted the market in 2016 with cheap 4G data services, sparking a price war that reshaped the sector into a near-duopoly dominated by Jio and Bharti. Average revenue per user plunged, burdening telecom operators with massive debts.
H1 will see strong bookings and drive growth momentum in subsequent quarters: C Vijayakumar, HCL Tech
HCL Tech’s leadership foresees strong growth momentum post Q4, with FY25 challenges mirroring FY24. Emphasis on deal impacts, margin strategies, and transparency in deal metrics for sustained growth. Prateek Aggaewal says: ” 18-19% margin band has been very steady over the last three years. In FY23, we had given the same guidance; FY24 was the […]