Diwali Muhurat Picks 2023: HDFC Bank among 10 stock recommendations from Reliance Securities – Muhurat Picks

Diwali Muhurat Picks 2023: HDFC Bank among 10 stock recommendations from Reliance Securities – Muhurat Picks

Sun Pharmaceutical Industries. Share Price 1170.95 03:59 PM | 07 Nov 2023 20.96(1.82%) Bharat Petroleum Corporation. Share Price 372.80 03:59 PM | 07 Nov 2023 6.56(1.78%) NTPC. Share Price 239.15 03:59 PM | 07 Nov 2023 3.31(1.39%) Dr. Reddy’s Laboratories. Share Price 5404.35 03:57 PM | 07 Nov 2023 66.25(1.24%) Axis Bank. Share Price 1020.90 … Read more

Tata Motors moving in right direction in terms of profitability and cash flow: Mitul Shah

Tata Motors moving in right direction in terms of profitability and cash flow: Mitul Shah

“There is no question related to the demand situation for next two-three quarters as there are supply side constraints impacting but despite all this adverse situation company’s profitability will improve in Q3 and interestingly semiconductor issue also seems to be now slowly getting much better,” says Mitul Shah, Reliance Securities. The street seems to be … Read more

Dollar sales by banks help rupee recover from early lows

Dollar sales by banks help rupee recover from early lows

Substantial dollar sales by state-run institutions helped the rupee recover from its early lows to close the day 15 paisa stronger at 74.43 despite concerns over rapid policy tightening in the US and seven-year-high crude oil prices. The rupee’s appreciation was also supported by likely dollar inflows due to overseas debt fund raising by corporates, … Read more

Will Damanis’ 2nd biggest holding deliver healthy Q4 numbers today?

Will Damanis’ 2nd biggest holding deliver healthy Q4 numbers today?

NEW DELHI: India Cements, where seasoned investor Radhakishan Damani and his brother Gopikishan held over 21 per cent stake as of last available shareholding data, is set to announce its March quarter results later on Monday. Analysts largely expect the N Srinivasan-led cement maker to report profit in the Rs 40-75 crore range on double-digit … Read more

Record broker defaults & most demat a/c addition: 2020 lessons for broking industry

Record broker defaults & most demat a/c addition: 2020 lessons for broking industry

By Lav Chaturvedi In the financial year 2020-21, the nine-month period between July 2020 and March 2021 (9MFY21), was the most challenging time for almost every industry. The prolonged phase of lockdown that was enforced to contain the coronavirus pandemic came as a serious setback for them. Ironically, for the broking industry, this period was … Read more

Gold disappoints in 2021, but rising inflation may bring back demand

Gold disappoints in 2021, but rising inflation may bring back demand

Kolkata: Gold, one of the top performing asset in 2020, has fallen 20 per cent since August last, disappointing investors, though fund houses and experts said that given the monetary stimulus globally, inflation is likely to edge higher on account of higher agri and commodity prices and the yellow metal will act as a hedge … Read more

Rupee drops 21 paise to 73.60 against USD; geopolitical tensions weigh

Rupee drops 21 paise to 73.60 against USD; geopolitical tensions weigh

The rupee stalled its three-session winning run on Monday, sliding 21 paise to 73.60 against the US dollar after fresh tensions along the India-China border dented forex market sentiment. At the interbank forex market, the domestic unit opened on a strong note at 73.26 but lost momentum as the trade progressed and finally ended at … Read more