AB Sun Life AMC profit up 80 pc on higher AUM
Aditya Birla Sun Life Asset Management Company has reported that net profit increased 80 per cent in June quarter to ₹185 crore against ₹103 crore logged in the same period last year. Income was up 42 per cent at ₹389 crore (₹274 crore) as the asset under management (AUM) increased. Expenses increased 12 per cent […]
Stock to buy today: Zee Entertainment Enterprises (₹235.35)
The short-term outlook is bullish for Zee Entertainment Enterprises Ltd (ZEEL). The stock surged 6 per cent on Tuesday. This sharp rise has happened from around the 200-Day Moving Average (MA) support. The 200-Day MA currently at ₹222 will now act as a good support and limit the downside. The cross over between the 21- […]
MapmyIndia becomes top app on Apple Store
MapmyIndia’s indigenous mapping and navigation app, Mappls, has secured the top spot on the Apple iOS App Store, leading in all categories, including Navigation. Surpassing Google Maps, which ranks 7th on the App Store, Mappls has also dominated the Maps & Navigation category on the Android Google Play Store, ranking among the Top 15 apps […]
Why ITC’s stock tumble 4 per cent on Monday?
Diversified conglomerate ITC Ltd.’s decision to demerge the hotel business into a wholly owned subsidiary sent the company’s stock price crashing by nearly four per cent on Monday. According to Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities, the hotel division had been a capital guzzler while contributing less than five per cent […]
Deccan Gold, Thiriveni Earth Movers to infuse ₹60 crore into Geomysore by August
Deccan Gold Mines Ltd has announced that Jonnagiri Gold Mining Project of Geomysore Services (India) Private Limited at Andhra Pradesh, that key shareholders of Geomysore – Thriveni Earth Movers Pvt Ltd and Deccan Gold Mines Limited – have agreed to infuse ₹60 crore of Equity Capital into Geomysore by the end of August. Stock under bull […]
FPIs stay invested in Indian equities; put in ₹43,800 cr this month
Indian equity markets continue to draw foreign portfolio investments as foreign investors put in ₹43,800 crore in July so far on stable macroeconomic fundamentals, steady earnings growth, and challenges faced by the Chinese economy. With this, inflow in the equity market reached ₹1.2 lakh crore so far this year, data with the depositories showed. Market […]
Zinc prices likely to rebound to $2,800-3,000/tonne level around December: Hindustan Zinc CEO
Zinc prices are expected to firm up towards the end of the year to around $2,800 – 3,000 per tonne levels if the current green shoots witnessed in the US and China sustain while Europe maintains an economic status quo, said Arun Misra, MD and CEO, Hindustan Zinc Ltd. Zinc demand in India is expected […]
MSCI blames technical issue for sudden plunge in India Index
Global index provider MSCI Inc. cited incorrect pricing caused by a technical issue as the reason for a sudden plunge in an India gauge on Friday. “Due to a technical issue, the opening price of a security in the MSCI India Index was incorrect,” Melanie Blanco, head of external communications, Americas, wrote in an emailed […]
Infosys crashes over 8% as analysts downgrade on weak guidance
Shares of Infosys tanked over eight per cent on Friday as most analysts bearish on the stock after the IT major reported a lower-than-expected 11 per cent rise in net profit for the June quarter and slashed its FY24 growth outlook. The stock plunged 8.18 per cent to settle at ₹1,330.40 on the BSE. During […]
Stock to buy today: Mazagon Dock Shipbuilders (₹1,819.9)
Mazagon Dock Shipbuilder’s stock price has sharply risen since April. It found support at around ₹620 and embarked on an uptrend. The bull trend is still valid, and the stock has broken out of resistance on Thursday, opening the door for further rallies, especially on Friday. Read: Why the stock of Mazagon Dock is a good diversification bet Therefore, […]