In Focus: Scrips that like a cloud on the horizon
Companies such as Hindustan Unilever (HUL), Britannia, Dabur, Hero Motocorp, Westlife Foodworld, Shoppers Stop and others have already indicated in their commentary a gradual demand recovery if the monsoon forecast turns out to be accurate.
New criteria for options on commodity futures
The regulator said the average daily turnover of underlying futures contracts of the corresponding commodity during the previous 12 months should be 100 crore instead of the existing 200 crore for agricultural and agri-processed commodities.
Cement stocks to feel the heat of falling demand, prices
In the March 2024 quarter, all-India average cement price fell by 5.1% year-on-year to Rs359 per 50 kg amid weak demand across regions. As a result, cement firms focused more on sales volume. Sales volume of large cement companies grew by 7-22% during the quarter from the year ago. The top four companies including UltraTech […]
Accumulate TCS, breakout can give 60% upside: Analysts
“Historically post-breakout, TCS has given at an average 80% upside; however, due to its large market-cap status, we expect an upside of about 60% leading to a target of ₹6,300,” said Dharan Shah, founder, Tradonomy. “Historically on average it has corrected about 25% from the previous top and consolidated timewise for around 2 – 3 […]
LIC Q4 net profit up 2.5%, declares Rs 6/share dividend
The insurer reported profit of ₹13,421 crore in the same period last year. The solvency ratio improved to 1.98% from 1.87% last year. LIC announced an interim dividend of ₹6 per share.
Sensex tops 76,000, then beats a retreat
Nifty could continue to make new highs after the elections and target 23,400 in the near term, said Pankaj Pandey, head of research at ICICIdirect.com.
Awfis Space IPO subscribed 108.56 times
Awfis Space Solutions, an office-sharing company, wrapped up its hugely popular IPO on Monday. Investor demand was through the roof, with subscriptions exceeding the offered shares by over 108 times.