Category: Uncategorized

The short-term outlook for IIFL Finance is bullish. The stock has risen over 4 per cent on Tuesday. This rise has taken the stock price well above the key resistance level of ₹640. It has also broken the sideways consolidation between ₹620 and ₹640 that was in place for more than a week. The next resistance […]

Spectrum Foods Ltd’s shares were up 1.20 per cent after the company provided an update on the construction of its luxury resort project in Pushkar. Construction is on in full swing with approximately 150 workers on-site, to ensure timely completion of the project. The project, targeted to be completed by the end of 2024, is […]

At a time when its subsidiary Muthoot Microfin is readying for an initial public offering, parent company Muthoot Fincorp has also working on its own plans to raise equity from the market. “We want to grow in SME lending, LAP and some other portfolios. We’ll build them gradually (before we come to the market). We’re […]

Metal prices will likely see a marginal improvement in 2024 in the global commodities market due to weak Chinese demand and deceleration in global growth, research agency BMI, a unit of Fitch Solutions, has said. However, the World Bank expects a further decline in metal prices from 2023 levels on slowing demand and ample supply […]

With gold prices testing new highs, jewellery recycling is all set to hit 100-150 tonnes this month against 80 tonnes logged last month. Also read: Time opportune to revisit India’s gold policy: SBI’s eco research team Gold prices have jumped ₹1,863 per 10 gram to close at ₹62,415 on Friday against ₹60,579 on November 7. […]

SEBI chairperson Madhabi Puri Buch said on Friday that the regulator is working with the mutual fund industry to make it viable for the latter to offer systematic investment plans, or SIPs, of as low as ₹250 per month. This will allow greater participation in MFs from the bottom of the pyramid, and is in […]

GQG Partners has acquired a significant stake in GMR Airports Infrastructure through block deals. Exchange data showed that the investment company has acquired a 4.7 per cent stake in the airport operator for about ₹1.672 crore at a price of ₹59.09 a share. More than 12 per cent of equity had changed hands on the […]

Shares of MRF Ltd on Friday breached the ₹50,000-crore market cap on Friday as they were on a roll in the last few months. The stock closed at ₹1,17.916.10 on the BSE, up 0.41 per cent, over previous day’s close ₹1,17,430.80. Today’s gain pushed the market-cap to ₹50,009.90 crore. MRF hit a 52-week high of […]

The short-term outlook is bullish for JSW Energy. The stock price has surged over 7 per cent so far this week. Immediate resistance is at ₹464. But the strength of the price action on the charts keeps the chances high for the stock to breach this hurdle. Moving average cross over on the daily chart […]

Lord’s Mark Industries, a diversified business group, plans public listing in the first half of 2024 to raise Rs 500 crore. The company will invest the proceeds in its subsidiaries to develop medtech products and diagnostic solutions, grow its pathology lab services pan-India, and export medical diagnostic products and machines. Sachidanand Upadhyay, Managing Director, Lord’s […]