TCS shares in focus as company’s board to consider 2nd interim dividend on October 10
TCS will hold a board meeting to take a call on this and will also announce its July-September quarter (Q2FY25) earnings on this day.
Positive Breakout: These 4 stocks close cross above their 200 DMA
In the Nifty500 pack, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on September 30, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day […]
Fed sees no ‘hurry’ to cut rates as confidence in economy grows, Powell says
Federal Reserve Chair Jerome Powell said that the central bank will likely continue with quarter-percentage-point interest rate cuts and is not in a hurry to cut rates quickly. Powell emphasized confidence in ongoing economic growth and consumer spending. The Fed aims to maintain low unemployment and manage inflation towards its 2% target.
At multi-year highs: These 4 stocks witness 5-year swing high breakout
In the Nifty500 pack, we have collated a list of four stocks that witnessed a 5-year swing high at the close on September 30, suggesting bullishness in counters, according to stockedge.com’s technical scan data.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant […]
Sebi OKs faster rights issues, new asset class
This was Sebi’s first board gathering after the emergence of conflict-of-interest allegations directed at the regulator’s chair, Madhabi Puri Buch. Sebi’s press statement issued late evening remained silent on allegations against Buch and HR issues raised by its employees.
New NEP puts Power Grid Corp in high growth circuit
Power Grid Corporation of India’s stock has gained 5.4% due to positive expectations from the forthcoming National Electricity Plan with a capex of Rs 9.2 lakh crore. The company raised its capex guidance and holds a robust work pipeline with strong earnings outlook, supported by significant projects and better dividend yield.
We want to scale for relevance, either organically or inorganically, says Ashok Vaswani, Kotak Mahindra Bank’s MD & CEO
Kotak Mahindra Bank is heavily investing in technology to meet RBI expectations and enhance competitiveness. CEO Ashok Vaswani aims for the bank to become a top three private sector player by 2030. The bank will look at both organic and inorganic growth opportunities, focusing especially on technology and profitable growth.
Trai seeks views on forming digital radio broadcast policy
The Telecom Regulatory Authority of India (Trai) seeks opinions on how current FM radio broadcasters should shift to digital radio, aiming to create a digital radio broadcast policy. Trai requires written comments by October 28 and counter comments by November 11.
Rs 86,000 crore FPI inflows in July-Sept, highest since Dec 2020 quarter
Flows from foreign funds into Indian equities were moderate in the first-half of 2024 on concerns over rich valuations and tight monetary policy in the US. With the dollar weakening following the rate cut in the US and India’s weight on global indices increasing, foreigners have increased their local holdings.
Hot Stocks: 3 stocks that may give returns between 13-29%
A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 13% and 29% as per analysts’ price targets.