Short covering happens when traders buy back shares they previously sold short, often due to a shift in market sentiment or new information.
Posts in category Economic Times
Time to buy diagnostic stocks? This is what Hemang Jani has to say (24-10-2024)
Hemang Jani highlights the stability of diagnostic stocks like Dr Lal PathLabs. He also talks about the midcap stocks’ stability and performance despite high debt. Metro Brands and VIP Industries have been underperforming despite a tourism boom. He cautions against Hyundai due to slow growth but sees potential in future market corrections.
Tata Power shares decline 0.01% as Sensex climbs (24-10-2024)
A total of 236,030 shares changed hands on the counter till 12:48PM (IST)
Share price of Divis Labs falls as Nifty weakens (24-10-2024)
A total of 2,110 shares changed hands on the counter till 12:43PM (IST).
SRF shares down 0.49% as Nifty falls (24-10-2024)
The stock quoted a 52-week high price of Rs 2697.45 and low of Rs 2081.25.
Reliance Power gets shareholders’ nod to raise Rs 1,525 crore via preferential shares (24-10-2024)
Reliance Power has obtained shareholders’ approval to raise Rs 1,524.60 crore through the issuance of preferential shares aimed at business expansion, investment in subsidiaries and joint ventures, debt reduction, and general corporate purposes. Promoters, including Reliance Infrastructure, will significantly contribute by infusing Rs 600 crore.
Share price of Indian Hotels jumps as Sensex drops 21.76 points (24-10-2024)
Promoters held 38.12 per cent stake in the company as of 30-Sep-2024, while FII and DII ownership stood at 27.43 per cent and 13.89 per cent, respectively.
Vedanta shares rise 0.56 per cent in Thursday’s trading session (24-10-2024)
The Relative Strength Index of the stock stood at 42.57 on Thursday.
Share price of Cummins India falls as Nifty weakens (24-10-2024)
A total of 3,555 shares changed hands on the counter till 12:21PM (IST).