Technical analysts expect the Nifty to test 17,300 in the short term after the index closed above the 17,000-mark for the first time in nearly two months on Friday. The Nifty ended with a gain of 2.6% last week at 17,158.25. If it crosses 17,300, a further upmove towards 17,800 cannot be ruled out, said … Read more
NEW DELHI: A total of three Nifty50 companies are scheduled to report their quarterly results today, namely , and Larsen & Toubro. Out of the 16 Nifty50 companies that have reported their quarterly numbers so far, seven have reported results that beat Street expectations while four fell short of meeting investor expectations. Two companies reported … Read more
NEW DELHI: With the Indian rupee crossing the 80 level against the US dollar, experts say the changing dynamics in the forex market can be a tailwind for stock investors in a turbulent market if their portfolios are positioned accordingly. While the strategy is simple – increase weightage on exporters and trim holdings in importers … Read more
NEW DELHI: Whether you like or not, you can no longer afford to ignore it. Once the butt of all jokes on Twitter and WhatsApp, the cigarette-to-hotels stock has now regained old glory to re-enter the elite top-10 club on Indian stock exchanges. Going by the market capitalisation of all listed companies on BSE, ‘meme … Read more
The stock price of Kansai Nerolac was Rs 390.3 when the market closed on June 13, 2022. The stock had reached its all-time high of Rs 651.5 on January 18, 2021, and has declined by almost 40% from those levels. Synopsis Kansai Nerolac is a subsidiary of Kansai Paint Company of Japan, which has 74.99% … Read more
Although a favourite of long-term investors for compounding wealth consistently over the last few decades, the stock of has hit a rough patch. The Nifty stock slipped another 3 per cent on Tuesday morning to hit a 52-week low of Rs 2,585.05. The stock is now down over 22 per cent year-to-date (YTD) and 11 … Read more
Oil prices have been firming up recently with Brent at $84 a barrel — near its three-year high — led by a rebound in global demand that has contributed to energy shortages across various big countries such as China. While rising oil is bad news for India — a net importer of crude — some … Read more
It is true that colours have a deep impact on one’s life. When Asian Paints forecast the colour of the year, it was a decision influenced by the pandemic. Inspired by aspects of design, interiors, textiles and architecture, this year’s colour ‘Cherish’ (colour code ‘Ivy League 7585’) makes one appreciate the fleeting joys of life. … Read more
But Asian Paints’ strong recovery gives rise to the question of whether it is sustainable going ahead. Synopsis The Asian Paints stock hit a record high on the eve of the company announcing its September quarter results. The company didn’t disappoint and posted resilient growth — a double-digit increase in volumes and multi-year high margins. … Read more