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At bl.portfolio, we had started taking a cautious approach to IT stocks since mid-2021 when valuations started getting frothy. Since then, there has been quite a significant time-wise, and also in many cases, absolute correction in stocks in the sector. In this context, HCL Technologies was amongst the few stocks we had a positive view […]

Shares of Reliance Industries Ltd fell 1.30 per cent in morning trade on Saturday after the company reported its quarterly earnings. Also read: Reliance Jio’s profit rises 12 per cent to ₹5,208 crore in Q3 The oil-to-retail-to-telecom conglomerate’s consolidated net profit of ₹17,265 crore in the third quarter of the current fiscal was 9.3 per […]

Equity and derivatives markets of BSE and the National Stock Exchange will function normal on Saturday i.e. from 9:15 a.m. to 3:30 p.m., without the planned disaster recovery movements. However, the markets will remain shut on Monday, as the Maharashtra Government has declared public holiday under the Negotiable instruments Act. SHARE Copy link Email Facebook […]

The short-term outlook is bullish for Century Plyboards (I). The stock has risen 1.7 per cent on Thursday marks the end of the sideways consolidation that was in place since the last week of December. It also indicates that a fresh leg of upmove has begun. The stock has formed a strong base above ₹750. […]

Ajmera Luxe Realty Private Limited (ALRPL), a joint venture between Ajmera Realty & Infra India Limited and Keystone Realtors Limited (Rustomjee), has embarked on a redevelopment project in Bandra West. As per regulatory filing, the companies will hold a 50 per cent stake in the project, which is expected to generate a gross development value […]

Several developers with commercial assets in their portfolio, who were planning to float real estate investment trusts and list their units, have put them on hold as they feel that the current market conditions are not conducive for a REIT offering. Bengaluru-based Bagmane Developers was working on filing draft papers for a REIT, but sources […]

The rupee depreciated 3 paise to 83.15 against the US dollar on Wednesday, tracking a strong greenback against major rivals overseas and massive selling in domestic equity markets. However, inflow of foreign funds in domestic equity markets and softening crude oil prices in the international markets resisted a steep fall in the domestic currency, forex […]

Stock markets snapped their five-day winning run on Tuesday with the benchmark Sensex declining by 199 points due to profit-taking in IT and oil shares and weak global trends. The BSE Sensex dropped by 199.17 points or 0.27 per cent to settle at 73,128.77. The index opened lower but staged a recovery in late-morning deals […]

India on Monday announced the acquisition of five lithium blocks in Argentina. The Mines Ministry, through Khanij Bidesh India Limited (KABIL), signed an agreement with Argentina’s State-owned CAMYEN.  CAMYEN, which stands for Catamarca Minera Y Energetica  Sociedad Del Estado, is based out of the Catamarca province in the Latin American nation. Also read: India closing in on […]

Shares of HCL Technologies climbed over five per cent in the morning trade on Monday after the company reported a 6.2 per cent increase in consolidated net profit to ₹4,350 crore in the December quarter. Also read: Markets hit record peaks: Sensex breaches 73,000 level for first time; Nifty goes past 22k mark The net […]