Posts in category Economic Times
Ahead of Market: 10 things that will decide D-Street action on Wednesday (11-06-2024)
Nifty formed a Doji candle on the daily chart on Tuesday and hinted at the possibility of a minor downward correction in the short term. Momentum indicator Moving Average Convergence Divergence showed bullish trade on the counters of Supreme Industries, Blue Dart Express, Escorts Kubota, BASF India, among others.
These 5 auto stocks hit fresh 52-week highs; have rallied up to 30% in a month (11-06-2024)
Achieving a 52-week high is significant as it marks the stock's peak value over a year, an important metric for traders and investors.
IndiGo promoter sells about 2% share (11-06-2024)
After the share sale, the Rahul Bhatia owned company will continue to remain IndiGo’s largest shareholder with around 35.7% stake in the company.
Market Trading Guide: IEX, RailTel among 5 stock recommendations for Wednesday (11-06-2024)
Indian shares closed flat on Tuesday ahead of the Fed's policy decision and consumer price inflation data on Wednesday.
Go Digit Q4 Results: PAT jumps 104% YoY to Rs 53 crore; gross written premium up 19% (11-06-2024)
The net profit stood at Rs 182 crore for the full financial year as against Rs 36 crore in FY23, recording a 405% jump. The gross written premium for the full financial year stood at 9,016 crore versus Rs 7,243 crore in FY23.
Apple rises over 3%, hits first record this year on hopes AI will fuel upgrades (11-06-2024)
The record high followed Apple's annual Worldwide Developers Conference, where the company unveiled several AI-related features and announced a partnership with ChatGPT maker OpenAI. The event highlighted a clear AI strategy, addressing investor concerns about Apple's position in the AI-driven growth seen across Big Tech.
Meta’s 450% surge offers potential for next tech stock split (11-06-2024)
Meta is the only stock in the so-called Magnificent Seven that hasn’t ever split shares. And, though the stock is off all-time highs hit in April, it’s up more than 450% from a 2022 trough.
SIP discontinuation aggravates in May amid regulatory changes, lower NFOs (11-06-2024)
The SIP stoppage ratio, which indicates how many SIPs were closed for every new account, reached a record 0.88 in May 2024 compared with the long term average of 0.51 according to the data from the Association of Mutual Funds in India (AMFI).
IndiGo promoter offloads 2% stake in Rs 3,367 crore block deal (11-06-2024)
InterGlobe Enterprises, owned by Rahul Bhatia's family, sold 2% stake in IndiGo for Rs 3,367 crore, marking their first stake sale post IPO.
Vodafone Idea board meet on Thursday to consider share sale to vendors (11-06-2024)
Telecom company Vodafone Idea (Vi) has said that itrs board will meet on Thursday to consider issuing equity shares or convertible securities on a preferential basis to its vendors.