This equity mutual fund delivered highest returns in April. Know what it bought and sold in the month?
HDFC Defence Fund bought 4.8 lakh shares or 1.76% in Garden Reach Shipbuilders. In multibagger Mazagon Dock Shipbuilders and smallcap JNK India, this fund purchased 1,55,901 (1.36%) and 4,96,367 (1.28%) shares, respectively. The market value of these shares at the end of April 30, 2024, stood at Rs 47.47 crore, 36.62 crore and 34.47 crore, […]
Tech View: Nifty forms hammer candle on daily chart. What traders should do on Tuesday
According to experts, the band of 22,300-22,320 may act as a resistance for Nifty while the low of 21,821, registered on Monday, would remain support for it in the short term.
83% of PSU bank stocks nearing oversold region: Anand James, Geojit Financial Services
Anand Janes ssays SBI and Nifty PSU Bank Index are showing recovery signs, while the VIX rise could affect post-election Nifty mofvement. Paytm is hinting at possible upside. STLTECH and MARICO broke trend channels, indicating potential price increases. James further says that we are going to see a pullback in PSU bank stocks in the […]
MF Query: 50 years & planning retirement? 1.1 lakh monthly SIP can grow to Rs 3 cr in 11 years
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Varun Beverages Q1 Results: PAT jumps 25% YoY to Rs 548 crore; revenue rises 11%
Varun Beverages Q1 Results: Co reported a consolidated net profit of Rs 548 crore, rising 5% year-on-year (YoY) for the quarter ended March 31, 2024; revenue from ops stood at Rs 4,398 crore
Indegene looking forward to enhancing EBITDA & PAT margins: Management
Indegene’s growth plans post IPO include sustaining EBITDA margin growth, retiring loans, and active acquisitions. The company aims to enhance tech capabilities, expand globally, and focus on key markets to support customers worldwide.
Partho Banerjee on Maruti Suzuki, demand for premium hatchbacks & post poll policies
Partho Banerjee of Maruti Suzuki anticipates market growth, emphasizing the importance of government policies for the upcoming financial year amidst stable supply chains and positive economic indicators. Banerjee also said: “The fourth generation Swift has a huge fan following. Very soon we are going to touch the three million mark.”
Tech picks: IDBI among 6 stocks to buy for robust returns in short term
6 stocks, including IDBI and Astral, identified for short-term gains amid market volatility and earnings focus. IDBI shows breakout, L&T tests moving average, RIL confirms buy signal with RSI momentum indicator.
ABB India shares surge over 8% after Q1 net profit jumps 87%
ABB India surged 8.5% on the BSE, hitting a new 52-week high of Rs 7,792.40. The company reported a remarkable 87% increase in net profit to Rs 460 crore in the March 2024 quarter, driven by higher revenues.
Cipla shares surge over 6% post Q4 results. Should you buy or sell?
Meanwhile, EBITDA for the quarter under review increased 13% YoY to Rs 1,316 crore as against 1166 crore in the last year period.