A plethora of companies are scheduled to release their quarterly earnings on Tuesday, and topping the list are Nifty 50 majors Bharti Airtel, Larsen & Toubro, and Tata Consumer Products. Indian Oil Corporation, GAIL (India), Mankind Pharma, Jindal Steel & Power, Adani Total Gas, Star Health and Allied Insurance, Max Financial Services, Vedant Fashions, Motherson … Read more
Shares of Max Financial Services surged 10% to the day’s high of Rs 869 in Thursday’s early trade on the NSE following the announcement of a fund infusion of Rs 1,612 crore in the company by promoter Axis Bank. Post the subscription of the equity shares, The Axis entities’ shareholding in Max Life will become … Read more
Various widely tracked companies like L&T, Bajaj Finserv, Sun Pharma, Coal India, Tech Mahindra, Britannia, Ashok Leyland and Jubilant FoodWorks would be releasing their December quarter report cards this week. Here’s a list: January 30 Larsen & Toubro, Bajaj Finserv, Tech Mahindra, Bharat Petroleum Corporation, Bajaj Holdings & Investment, GAIL, SRF, , REC, Laurus Labs, … Read more
Indian market closed in the red for the third consecutive day in a row on Thursday. The S&P BSE Sensex fell more than 100 points while Nifty50 closed below 17900 levels. Sectorally, buying was seen in capital goods, IT, power and auto while selling was seen in oil & gas, energy, telecom and banks. Stocks … Read more
Promoter group entity Max Ventures Investment on Wednesday sold 1.7% stake in through the open market. The promoter sold 58,85,000 shares of the company at Rs 679.20 per share, bulk deals data on the National Stock Exchange showed. Sale of the stake has fetched the promoter about Rs 400 crore. The reason for the sale … Read more
“Bank Nifty is also holding very decisively at about 42000 which is a very good sign for the bulls and we should see targets of 44000 in a short while,” says Shilpa Rout, Derivatives – Lead Analyst, Prabhudas Lilladher. It looks like the benchmark indices have taken a breather after the furious rally that we … Read more
Indian market opened flat-to-negative on Monday following muted global cues. The S&P BSE Sensex which opened flat quickly fell more than 100 points while the Nifty50 broke below 17500 in the first 15-minutes of trade. Sectorally, buying was seen in the public sector, utilities, oil & gas, and power stocks while selling pressure was visible … Read more
Five top performing midcap funds have delivered up to 21 per cent returns in the last one year in comparison with a 3 per cent drop in the BSE Midcap index. These mutual fund schemes have their top holdings from different sectors, yet they managed to perform well, suggesting bottom-up investing working for the schemes. … Read more