Hindalco Industries, Sun Pharma, BPCL, UltraTech Cement and HDFC Bank gained the most on the Nifty, while losers included Bharti Airtel, Cipla, Divis Labs, Apollo Hospitals and HUL
Monte Carlo Fashions maintains its yearly growth guidance of 20-25 percent as mentioned earlier.
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The company announced issuance of convertible warrants worth Rs 372 crore to promoter and OrbiMed Asia
The board of directors approved the issuance of non-convertible debentures (NCD) on private placement basis for an amount not exceeding Rs 700 crore
Rail Vikas Nigam has been asked to build an elevated viaduct and nine elevated metro stations
The dollar-rupee closed below an uptrend in place since the beginning of 2022 on Tuesday, a bearish technical signal for chart watchers.
After beating most Asian and emerging market peers last year, India’s $3.4 trillion stock market is already overshadowed in 2023 as China’s reopening attracts global funds to the North Asian market after a record selloff.
Zomato’s focus on growth may lead to delays in its short-run profitability targets but strategic initiatives hold the possibility of building a more sustainable business model with high-quality growth
Although Nykaa is showing profitability, the business fundamentals look challenging as it faces competition in the BPC and fashion segments. A faster turnaround in the fashion segment and strategic initiatives may provide optimism to investors.
The US drugs regulator conducted pre-approval inspection and good manufacturing practices inspection of the company's Lexington facility from December 27 to January 10
India will hold a general election in 2024 and hence next year’s budget will be an interim one. Hence the importance of this budget is even higher.
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India’s outperformance in 2022 was sustainability of credit growth, equity inflows and solid corporate earnings momentum. These will be key factors to watch, said Morgan Stanley
Many brokerage houses have added fewer clients and seen moderate participation by existing clients. In the last year, shares of ICICI Securities have lost 29%, 5 Paisa 22%, IIFL Securities 37%, Geojit Financial Services 37%, Emkay Global 28%, Motilal Oswal Securities 23% and Edelweiss Financial 11%
The enhanced capacity is to be added by December 2023 with an investment of Rs 56 crore.
The company is likely to report a 2.8 percent quarter-on-quarter growth in revenue while net profit is expected to increase by 6.5 percent QoQ
In the commercial three-wheeler segment, the company unveiled an electric passenger vehicle Greaves ELP, cargo EV Greaves ELC and a futuristic cargo concept Greaves Aero Vision.
The research firm is of the view that higher 5G capex and absence of tariff hikes will drive down returns while on the other hand Jio is likely to drive more competitive pricing regime.
There is a wide range in which oil prices can move in 2023, and a lot of it has to do with what happens in China
Barring telecom, autos and pharma that saw short buildup – a bearish phenomena when price fell but open interest rise – all sectors saw long buildup, which refers to the bullish phenomena when price and open interest both rise
The Budget should opt for uniform rates of import duty and low, enforceable rates of tax on income in the hands of earners and sophisticated mining of data to widen the tax base
Also, the budget needs to address pressing concerns over unemployment, inflation, rising inequalities in income and wealth, growing concentration in industry and distress in the MSME sector
Gold has support at Rs 55,640-55,450 and resistance is at Rs 56,120, 56,350. Silver has support at Rs 68,450-68,020, while resistance is at Rs 69,520–69,980, says Rahul Kalantri of Mehta Equities
The USD 27 billion domestic pharma industry has structural growth drivers in place and well-placed to achieve low double-digit growth in the coming years.