The Relative Strength Index of the stock stood at 51.38 on Tuesday.
HPCL, BPCL, IOC shares jump up to 5% as crude prices slip to $75 per barrel (15-10-2024)
Shares of oil marketing companies Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL), and Indian Oil Corporation (IOC) surged up to 5% on Tuesday following a decline in Brent crude prices to $75 per barrel, down 3% for the day. At market opening, Brent crude futures were down $2.26, or 2.9%, and U.S. West Texas Intermediate crude futures fell $2.19, or 3%.
Stock market update: Nifty Pharma index falls 0.25% in a weak market (15-10-2024)
The Nifty Pharma index was trading 0.25 per cent down at 23621.1.
SmallCap Hunter : Trying to find the dark horses with triggers (15-10-2024)
I went through the company, but I don’t have full conviction yet. Here are some key points:
Positives:
- Management is projecting 8-10x profit growth over the next 3 years.
- EWA loans have grown from ₹2 crore to ₹3.5 crore QoQ, according to management.
- They charge only processing fees with no interest on loans.
- Almost zero NPAs in the EWA category.
Negatives:
- Larger companies already have internal infrastructure for EWA, limiting market potential.
- Management struggled to recall key figures for the EWA and business loan divisions and didn’t provide a breakdown in their presentation.
- The EWA market in the USA is only $22 billion, which might indicate the market isn’t that large.
- Management claims NBFCs and banks aren’t interested in ₹25,000 ticket size loans, which I don’t believe is entirely accurate.
It’s an interesting new product, but there are some unclear aspects, which is typical with microcaps. I’ve taken a small position for now.
Mudit’s Portfolio (Stage Analysis + Price Momentum) (15-10-2024)
@sandeep17 ,
Rather this is a popular misconception. Rank based momentum portfolio protects you from such severe drawdown, as it gets you out much much earlier. Those who buy and hold, they are impacted more as they couldnot summon the courage to sell. When bear market happens, Quant based momentum strategy, lets you out of market in orderly fashion, provided you follow the rules and dont bring in human bias.
Lupin shares gain 0.66% as Sensex falls (15-10-2024)
On the technical charts, the RSI of the stock stood at 56.64.
Globe Civil Projects files draft papers with Sebi for IPO (15-10-2024)
Globe Civil Projects Ltd has filed for an IPO to raise funds through a fresh issue of 1.9 crore equity shares, listing on BSE and NSE. The company will use Rs 75 crore for working capital, Rs 14.06 crore for new equipment, and the remainder for general purposes. Promoters hold 88.
Stock market update: Mining stocks down as market falls (15-10-2024)
The 30-share BSE Sensex was down 159.02 points at 81814.03
Rupee trades in narrow range against US dollar in early trade (15-10-2024)
The rupee depreciated by 2 paise to 84.07 against the US dollar in early trade. This was due to foreign fund outflows, high crude oil prices, and a strong dollar. However, positive domestic equities provided some support. Investors are watching the RBI moves closely. Sensex and Nifty saw gains in the domestic market.