RVNL shares surge 10%, recover after decline post Q1 results
RVNL shares spiked 10% to Rs 569.6 after an 8.4% decline following its Q1 results, which reported a 35% drop in net profit and a 27% fall in revenue. Despite this, shares rebounded by 9.3% by 11:30 am. Technical indicators show mixed signals, with the stock trading above several SMAs.
2 sectors Aditya Arora is bullish on for near term
If you look at the charts of Sharda Cropchem, then we have seen good upsurge today and stock has given breakout above levels of June 2023. So, positionally and technically this stock turns positive today and for a proper run and for a proper breakout, one must wait for a breakout above levels like 610 […]
Buy, Sell or Hold: Here’s what brokerages said on LIC post 9% uptick in Q1 PAT
LIC reported a consolidated net profit of Rs 10,544 crore for the first quarter ending June 2024, reflecting a 9% increase from Rs 9,635 crore in the same quarter last year. During the quarter, net premium income rose by 16% year-on-year to Rs 1.14 lakh crore, compared to Rs 98,755 crore in the corresponding period […]
There be more ripple effects of Yen carry trade unwinding for India: Cameron Brandt
Cameron Brandt says that tremendous interest was seen over the past 18 months for dedicated India equity funds domiciled in Japan and those flows have just rolled over so that suggests to me that there may be more to come. Despite the significant unwinding of the carry trade, the prompt Bank of Japan signalling resulted […]
Sunlite Recycling Industries IPO opens today: Check issue size, price band, GMP and other details
The SME IPO of Sunlite Recycling Industries opened for subscription on August 12 and closed on August 14. The company aimed to raise Rs 30.24 crore by offering shares priced between Rs 100 and Rs 105. Proceeds will fund capital expenditure, debt repayment, and general purposes. Shares are set to be listed on the NSE […]
Positron Energy IPO opens today: Check issue size, price band, GMP and other details
The oil and gas sector is among the eight core industries in India and plays a major role in influencing the decision-making for all the other important sections of the economy. The industry is expected to attract $25 billion investment in exploration and production by 2022. India is already a refining hub with 23 refineries, […]
ETMarkets Smart Talk: We are currently in India’s Golden Decade; I see Sensex at 1,15,253 by 2030: Amisha Vora
In the 1970s, the Group’s founder, Prabhudas Lilladher Sheth, traveled to the US and studied stockbroking and market practices of US exchanges. He offered valuable insights to Mr. Phiroze Jamshedji Jeejeebhoy, Chairman of the Bombay Stock Exchange (BSE), contributing to the transformation of India’s stock market from manual outcry trading to computer-based systems.
Hot stocks: Brokerage view on Jubilant Foodworks, Trent, Grasim, Honasa and Siemens
Brokerage firms delivered varied ratings: CLSA on Jubilant Foodworks with underperform, Jefferies held Trent with an increased target, Citi saw buying potential in Grasim, and Kotak Equities advised selling Siemens. Jefferies continued a buy rating on Honasa. Each rating reflected recent performance and anticipated market trends.
Game changer? LIC may enter indemnity health insurance by buying stand-alone private insurer, says CEO
Siddhartha Mohanty, CEO & MD of LIC, discussed the company’s plans to enter the indemnity health insurance sector by potentially acquiring a stand-alone private health insurance firm. He emphasized LIC’s digital transformation and its strategy to balance digital and agency channels. Mohanty also addressed insurance sector challenges, market investments, and LIC’s undervaluation in the stock […]
Bandhan Bank, GRSC among 16 stocks to trade ex-dividend on Tuesday. Last date to buy today
Dividends are paid to shareholders who are listed in the company’s records on the record date. Shareholders who buy the stock at least one day before the ex-date qualify for dividends, as the transaction settles the following day. However, those who purchase the stock on the ex-date are not eligible for dividends.