Apr 01, 2024
Ambani-Adani's Mahan Energen deal: A win-win situation for both giants
RIL will pick up a 26% stake in Adani Power’s Mahan Energy for Rs 50 crore
The deal saves time for RIL and brings in capital for the Adani Group
The Mahan plant was originally owned by Essar Power and was acquired by Adani Power after it went into insolvency
Apr 01, 2024
Tata Steel shares hit record high; here are fresh price targets
In terms of technicals, the relative strength index (RSI) of Tata Steel stood at 51.1, signaling it's trading neither in the overbought nor in the oversold zone.
The stock was among the top gainers on Sensex today.
Market cap of the firm rose to Rs 1.99 lakh crore.
Apr 01, 2024
Prestige Estates shares rise 5% on Rs 2,001 cr deal with ADIA and Kotak AIF
Total 9421 shares of the firm changed hands amounting to a turnover of Rs 1.13 crore in early deals.
The collaboration with ADIA and Kotak AIF represents a considered move towards adopting strong and organic growth for Prestige Group.
Prestige Group, one of the leading real estate developers in the country, has a legacy of almost four decades in real estate development
Apr 01, 2024
Zomato shares in news today as firm receives Rs 23-crore GST penalty notice
The stock is trading near the overbought zone as the relative strength index (RSI) of Zomato stock stands at 69.1.
A RSI of 70 signals that a stock is overbought.
The demand order has been received in respect of excess availment of input tax credit and interest, penalty thereon
Apr 01, 2024
Hindustan Aeronautics shares in news as firm inks contract with Cochin Shipyard
The state-owned defence firm's stock is trading neither in the oversold nor in the overbought zone, signals the relative strength index (RSI) of Hindustan Aeronautics which stands at 60.6
The large cap stock rose to a 52-week high of Rs 3428.75 on March 11, 2024.
It slipped to a 52-week low of Rs 1308 on March 29, 2023.
Mar 31, 2024
Keita Nakajima completes wire-to-wire title run at Hero Indian Open, Ahlawat T2
First-time tour winner Keita Nakajima lands breakthrough Indian Open win in just his 11th start of rookie season.
Pockets $382,500 for the result and will move to projected best-ever world rank of 80th, and likely 11th in the DP World Tour standings.
Veer Ahlawat’s shared second place is best finish by an Indian since Shiv Shankar Prasad Chawrasia’s second Hero Indian Open title in 2017.
Mar 31, 2024
Stanford Medicine and McMaster University develop AI model SyntheMol to generate new antibiotics
Researchers developed SyntheMol, an AI model, for designing new drugs against antibiotic resistance.
SyntheMol created structures and methods for six drugs targeting resistant bacteria like Acinetobacter baumannii.
Generative AI, like SyntheMol, offers novel molecule creation, surpassing traditional methods.
Mar 31, 2024
Fortis Healthcare to ramp up oncology facilities amid rising cancer rates
Fortis Healthcare invests heavily in oncology due to global cancer trends.
Oncology accounts for 13% of Fortis Healthcare's revenue, driving the need for improved care.
Fortis adopts advanced tech like MR LINAC for better oncology in North India.
Mar 31, 2024
Japan at record highs, China down: Here's how global and domestic equity markets performed in FY24
In the US, the Dow Jones index jumped 19.6%, while the tech-heavy Nasdaq index zoomed 34%
Straits Times index of Singapore slipped 1.1% to 3,224, while Chinese benchmark Shanghai Composite Index tanked 7.1% to close at 3041.2
Sector-wise, the BSE Realty index surged the most (129%) during the financial year FY24
Mar 29, 2024
Macrotech Developers stock in focus: Firm to buy 50% in Siddhivinayak Realties, raise Rs 125 crore
Recently, the realty firm raised Rs 3,300 crore by selling stake to institutional investors.
The Qualified Institutional Placement (QIP) was subscribed nearly three times with sovereign funds, pension funds, insurers among others expressing interest in the issue.
Macrotech Developers sells its properties under the Lodha brand and is one of the leading real estate developers in the country.
Mar 29, 2024
Tata Elxsi shares delivered negative returns in two years; Rs 5,400 or Rs 9,000 price targets likely?
The large cap stock hit a 52-week low of Rs 5900 on March 29, 2023 and a 52 week high of Rs 9191.10 on December 18, 2023.
Tata Elxsi stock has a one-year beta of 0.3, indicating very low volatility during the period.
Kotak Institutional Equities has a sell rating on the stock.
Mar 29, 2024
Indian Hotels shares climbed 90% in a year, more upside ahead?
The hospitality sector scrip saw 1.68 lakh shares of the firm changed hands amounting to a turnover of Rs 9.90 crore on BSE.
The stock has risen 154 percent in two years and gained 463% in three years.
In terms of technicals, the relative strength index (RSI) of the stock stands at 62.2, signaling it's trading neither in the overbought zone nor in the oversold zone.
Mar 29, 2024
Cochin Shipyard shares rose 319% in a year: Valuation, technicals, price target and more
However, the stock has corrected nearly 8% from its record high of Rs 944.65 touched on January 31 this year.
In terms of technicals, the relative strength index (RSI) of the stock stands at 52.1, signaling the stock is neither overbought nor oversold on technical charts.
The stock closed 0.29% lower at Rs 871.75 on Thursday when the equity market witnessed a strong rally.
Mar 28, 2024
EPFO Kochi to stop cultural activities, get-togethers for 2 years after death by suicide of subscriber
EPFO Kochi office not to hold any activities until March 31, 2026 or further orders
EPF Staff Federation says will impact the morale of EPFO staff
EPFO had previously decided to organise month-wise welfare activities in each of its offices
Mar 28, 2024
Sensex climbs 655 pts, Nifty ends above 22,300; capital goods, auto stocks top gainers
Market cap of BSE-listed firms rose to Rs 386.91 lakh crore.
Bajaj twins, SBI, M&M, PowerGrid and Nestle India were the top Sensex gainers, rising up to 3.91 per cent.
Of 30 Sensex stocks, 27 ended in green.
Mar 28, 2024
Latent View shares rise 12% after board clears acquisition of Decision Point Analytics
Total 1.74 lakh shares of the firm changed hands amounting to a turnover of Rs 8.62 crore on BSE.
The IT stock has rallied 63 per cent in a year and gained 13.25 per cent in 2024.
The stock hit a 52 week high of Rs 544.50 on February 9, 2024 and fell to a 52 week low of Rs 311.20 on March 29, 2023.
Mar 28, 2024
Astra Microwave shares climb 14% in afternoon session; here’s why
The stock hit a 52 week high of Rs 690 on February 9, 2024 and fell to a 52 week low of Rs 217.85 on March 29, 2023.
In the last three years, the stock has delivered 362% returns.
In comparison, Sensex has risen 51.03% in three years.
Mar 28, 2024
ICICI Securities stock falls 4% as shareholders approve delisting proposal
In terms of technicals, the relative strength index (RSI) of ICICI Securities stands at 42.2, signaling it's neither trading in the overbought nor in the oversold territory.
ICICI Securities shares are trading lower than the 150 day, 200 day but higher than the 5 day, 10 day, 20 day, 30 day, 50 day and 100 day moving averages.
The stock has a beta of 0.6, indicating low volatility in a year.
Mar 28, 2024
Outlook for SME IPOs remains strong for next 3-4 years
2023 was a record year for SMEs as the dedicated listing platforms for such entities saw more than 180 companies launching their IPOs to raise a cumulative ₹4,686.11 crore
Factors like strong investor appetite, resilient market and fundamentally strong companies will keep the SME IPO segment going strong in the coming future, say experts
BSE and NSE launched dedicated SME listing platforms in 2012 and till date nearly 950 such entities have listed with the cumulative fund raising pegged at nearly ₹14,700 crore
Mar 28, 2024
JSW Energy shares gain ahead of board meet to raise funds
The energy stock has rallied 136 per cent in a year and gained 28 per cent in 2024.
Total 0.37 lakh shares of the firm changed hands amounting to a turnover of Rs 2.01 crore on BSE.
The stock hit a 52 week high of Rs 537.90 on February 26, 2024 and fell to a 52 week low of Rs 222.85 on March 29, 2023.
Mar 28, 2024
