Lok Sabha Elections 2024 trading strategy: After the conclusion of six voting phases and one remaining, poll strategists are busy assessing the Lok Sabha Election outcome on June 4, 2024. Meanwhile, market experts are studying the potential segments that may outperform on election day, the likely movement of Sensex and […]
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Rekha Jhunjhunwala, renowned investor and wife of the late Rakesh Jhunjhunwala, earned ₹224 crore in dividend income for the fourth quarter ended March 31 of the financial year 2024, according to a report by the Economic Times. Her portfolio is estimated to be worth ₹37,831 crore. As per Rekha Jhunjhunwala’s […]
US stocks slid on Thursday after the revised data showed the US economy grew less than previously expected in the first quarter. US gross domestic product (GDP) growth for the first quarter was lowered to 1.3 per cent from previous estimate of 1.6 per cent. At 12:04 p.m. the Dow […]
NSE Indices Limited, a subsidiary of NSE specializing in index services, unveiled a new thematic index named the Nifty EV & New Age Automotive Index, on Thursday. This index is designed to monitor the performance of businesses within the electric vehicle (EV) sector and those engaged in the advancement of […]
Shares of SJVN Ltd., the state-owned power generation company, dropped by over 5% in trading today following the release of its operationally weak fourth quarter (Q4FY24) earnings report. The stock fell to a near two-week low today after closing flat at ₹139.65 on Wednesday. SJVN shares have surged 45% so […]
Additionally, the growing preference for personal transport has led to a strong uptick in vehicle sales. The ongoing urbanisation and recovery in the rural segment have further contributed to the growth prospects of the 2W and 4W segments. As vehicle sales grow, the need for components and spare parts also […]
Shares of Paytm surged by 5 per cent for the second consecutive session on May 30. The stock experienced a significant rally following reports that billionaire Gautam Adani is contemplating acquiring a stake in Paytm’s parent company, One97 Communications. The stock finally closed at ₹377.40 per share on Thursday. However, […]
Zerodha co-founder Nithin Kamath in a X post said, on May 30, that the brokerage firm has rolled out instant withdrawal feature on its app, which will allow the users to withdraw instant money up to ₹1,00,000 per day. Kamath further informed the users that the withdrawal window will open […]
Prestige Estates and Projects Ltd’s management is very optimistic about the future. The realty firm is eyeing a 25-30% year-on-year growth in pre-sales or bookings in FY25. This target comes on a strong base of 63% jump seen in FY24 that had translated into record pre-sales of ₹21,040 crore. The […]
Hero FinCorp IPO: The ₹4,000 crore IPO has been approved by Hero FinCorp, the financial services division of India’s largest two-wheeler manufacturer, Hero MotoCorp, according to a May 29 company release. The IPO will consist of both a fresh issue of shares and an offer for sale made by existing […]