Jindal Worldwide stock soars ~3% on acquisition of Mumbai-based Earth Energy EV

Jindal Worldwide stock soars ~3% on acquisition of Mumbai-based Earth Energy EV

Jindal Worldwide has acquired Mumbai-based electric vehicle start-up Earth Energy EV through its subsidiary Jindal Mobilitric. In addition, Jindal Mobilitric will set up a new manufacturing plant in Ahmedabad which will supplement the existing Earth Energy manufacturing facility in Maharashtra. Accordingly, the acquisition will see Jindal Mobilitric take over the indigenously developed technology platform as […]

sensex Today: Stock Market Crash Live Updates: Sensex plunges 1,000 points, Nifty below 16,400; Zomato tanks over 5%, hits new all-time low – The Economic Times

sensex Today: Stock Market Crash Live Updates: Sensex plunges 1,000 points, Nifty below 16,400; Zomato tanks over 5%, hits new all-time low – The Economic Times

Recently, the stock registered a fresh all-time high of Rs 2,856.15 but due to weak market conditions, it corrected sharply. On last Thursday, the stock broke the short-term support level of Rs 2,680 and after a long time, it closed below the 20-day SMA which is broadly negative. For traders, now the 20-day SMA or […]

What’s the downside of Indian retailers’ rush into equities?

What’s the downside of Indian retailers’ rush into equities?

The Indian retail investor has come in for praise from none less than Nirmala Sitharaman. ‘We in the House should stand up and appreciate the Indian retailer who has invested a lot of confidence in the markets today in India. FIIs (foreign institutional investors) and FPIs (foreign portfolio investors) would come and go. But today, […]