Positive Breakout: These 4 stocks cross above their 200 DMAs
In the Nifty500 pack, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on February 12, 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 […]
LK Mehta Polymers IPO opens today: Check price band, GMP, key dates and other details
LK Mehta Polymers will launch its SME IPO on February 13, targeting to raise about Rs 7 crore through 10.4 lakh shares. Priced at Rs 71 per share with a GMP of Rs 10, the proceeds aim to meet working capital needs and general corporate purposes.
Q3 results today: Hindalco among 460 companies to announce earnings on Thursday
About 460 companies are set to announce their Q3 earnings, including Hindalco and SJVN. Hindalco is expected to show robust growth, with a 62% YoY profit increase and an 11% revenue rise due to higher aluminium and alumina prices. Novelis may struggle with lower EBITDA due to tight scrap availability and flooding impacts at its […]
6 PSU stocks record date for dividend tomorrow. Last chance to buy
Shares of PSU companies like BEML, BDL, EIL, MOIL, NALCO, and REC Ltd may see attention today as they have fixed February 14 as the record date for dividend payouts. Investors need to buy shares by today to qualify for these dividends, which were announced alongside the companies’ third-quarter results.
Treasury slump spreads to Asia after US CPI data
Australian shares opened fractionally higher Thursday. Equity index futures for Japan and Hong Kong also climbed while a gauge of US-listed Chinese companies advanced 2.7% Wednesday. US equity futures edged higher after the S&P 500 fell 0.3% Wednesday and the Nasdaq 100 rose 0.1%.
Q3 Hits & Misses: How various sectors performed in latest quarterly results?
The October-December quarter results showcased a mixed performance across sectors. Consumer-centric markets witnessed rural demand recovery, while urban demand remained muted. Banks faced NIM pressure but reported strong profit growth. IT, pharma, and telecom sectors displayed growth, although with certain challenges impacting margins and volume growth.
Hyundai Motor India in MSCI Global Index
Hyundai India launched its initial public offering (IPO) in October, raising ₹27,870 crore, making it the largest IPO in Indian stock market history. The stock is currently trading about 7.7% lower than its offer price of ₹1,960.
RIL at 14-month low as FIIs pull out India bets
The stock made a low of ₹1,193.35 on Wednesday – the lowest since December 2023 – before rebounding to close at ₹1,216.55, down 1.4% over the previous day’s close.
ICICI Pru AMC plans IPO, UK promoter may sell Rs 10,000 crore stake
Prudential Plc is planning to list ICICI Prudential AMC, India’s second-largest mutual fund house, through a ₹10,000 crore IPO. The offering, subject to approvals, will involve a 10-15% stake sale, with proceeds intended for shareholder returns.
FUNDAMENTALS STRONG: Investors shrug off selloff in Jan, SIP a little less
Equity schemes, led by small- , mid-cap and thematic funds, received ₹39,688 crore inflows during the month as against ₹41,156 crore in December. Investments through monthly systematic investment plans (SIPs) softened a tad to ₹26,400 from the previous month’s ₹26,459 crore.