PVR Inox has recently exhibited two significant technical analysis signals that indicate a potential bullish shift. Firstly, there is a bullish divergence on the weekly RSI near 30 level
Posts in category Business Standard
Global investors turn cautious on once favourite Japanese stocks (23-06-2024)
Foreign investors, who helped push up Japanese shares to a record high just a few months ago and beat overseas peers, became net sellers for a fourth straight week through June 14
Global investors turn cautious on once favourite Japanese stocks (23-06-2024)
Foreign investors, who helped push up Japanese shares to a record high just a few months ago and beat overseas peers, became net sellers for a fourth straight week through June 14
Armee Infotech files draft papers to raise Rs 250 crore through IPO (23-06-2024)
IT infrastructure solutions provider Armee Infotech Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 250 crore through an initial public offering (IPO).
The Gujarat-based company’s initial share sale is completely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Friday.
Proceeds of the issue will be used to increase the working capital requirements of the company, payment of debt and general corporate purposes.
Armee Infotech services a wide variety of projects for both government/public sector undertakings (PSUs) and private sector with a focus on government/PSU projects.
The range of projects undertaken by the company includes supply and installation of IT hardware and software, setting up of smart classes, installing digital infrastructure for public distribution systems, and digitalisation of primary agriculture credit societies, among others.
The IT industry pla
Mcap of 3 of top-10 most valued firms jumps Rs 1.06 trn, HDFC Bank shine (23-06-2024)
The combined market valuation of three of the top-10 most valued firms jumped Rs 1,06,125.98 crore in holiday-shortened last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers.
Last week, the BSE benchmark Sensex climbed 217.13 points or 0.28 per cent.
While HDFC Bank, ICICI Bank and Infosys were the gainers from the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Bharti Airtel, State Bank of India, Life Insurance Corporation of India (LIC), Hindustan Unilever and ITC faced a combined erosion to the tune of Rs 1,01,769.1 crore.
The market capitalisation (mcap) of HDFC Bank zoomed Rs 52,091.56 crore to Rs 12,67,056.69 crore.
ICICI Bank added Rs 36,118.99 crore taking its valuation to Rs 8,13,914.89 crore.
The mcap of Infosys climbed Rs 17,915.43 crore to Rs 6,35,945.80 crore.
However, the market valuation of Reliance Industries tumbled Rs 32,271.31 crore to Rs 19,66,686.57 crore.
LIC lost Rs 27,260.74 crore from its mcap which stood at Rs 6,47,
Mcap of 3 of top-10 most valued firms jumps Rs 1.06 trn, HDFC Bank shines (23-06-2024)
The combined market valuation of three of the top-10 most valued firms jumped Rs 1,06,125.98 crore in holiday-shortened last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers.
Last week, the BSE benchmark Sensex climbed 217.13 points or 0.28 per cent.
While HDFC Bank, ICICI Bank and Infosys were the gainers from the top-10 pack, Reliance Industries, Tata Consultancy Services (TCS), Bharti Airtel, State Bank of India, Life Insurance Corporation of India (LIC), Hindustan Unilever and ITC faced a combined erosion to the tune of Rs 1,01,769.1 crore.
The market capitalisation (mcap) of HDFC Bank zoomed Rs 52,091.56 crore to Rs 12,67,056.69 crore.
ICICI Bank added Rs 36,118.99 crore taking its valuation to Rs 8,13,914.89 crore.
The mcap of Infosys climbed Rs 17,915.43 crore to Rs 6,35,945.80 crore.
However, the market valuation of Reliance Industries tumbled Rs 32,271.31 crore to Rs 19,66,686.57 crore.
LIC lost Rs 27,260.74 crore from its mcap which stood at Rs 6,47,
FPIs infuse Rs 12,170 cr in equities in June on hopes of economic growth (23-06-2024)
Staging a strong comeback after general election results, foreign investors pumped Rs 12,170 crore in Indian equities so far in June, mainly driven by expectations of continued policy reforms and sustained economic growth.
This came following a net withdrawal of Rs 25,586 crore from equities in May on poll jitters and more than Rs 8,700 crore in April amid concerns over a tweak in India’s tax treaty with Mauritius and a sustained rise in US bond yields.
With the latest investment, the total outflow now stood at Rs 11,194 crore so far in 2024 (till June 21), data with the depositories showed.
Going ahead, Sunil Damania, Chief Investment Officer at MojoPMS, said foreign portfolio investors (FPIs) inflow will remain constrained due to the high valuations currently commanded by the Indian equity market.
FPIs had been waiting on the sidelines for the election results. So far in 2024, barring March (Rs 35,000 crore inflow), they have been pulling out from India.
“Though the general elec
Ace Exports reports standalone net loss of Rs 0.35 crore in the March 2024 quarter (22-06-2024)
Sales decline 70.00% to Rs 0.21 crore
Hind Aluminium Industries reports consolidated net profit of Rs 0.38 crore in the March 2024 quarter (22-06-2024)
Sales reported at Rs 0.33 crore
Inox Green Energy board OKs fund raising proposal (22-06-2024)
Inox Green Energy Services informed that its board has approved the proposal for raising of funds by way of issuance of one or more securities including equity shares, convertible securities of any description or warrants.