Zomato, the Indian online food delivery giant, disclosed its performance for the December quarter of FY24. After the announcement, the company’s shares experienced a rally during the closing of today’s trading session. Quarterly earnings According to the company’s statement, it reported a total revenue of Rs 3,507 crore, indicating a remarkable growth of 65% YoY …
Vijay Kedia, also known as the ‘Master of the Market,’ has emerged as a prominent figure in the investment landscape. Born into a family of stockbrokers, Kedia’s journey is a testament to resilience and determination. His early exposure to the stock market ignited a passion that led him to establish himself as a successful investor …
The benchmark index Shares of The New India Assurance Company Ltd is trading today with an up move by more than 12.30% on BSE. opened today at 31,936.40 and made its day high at 31,938.81, and it is trading in red today, down by more than 0.30% From the same space, these are the top 3 …
In a strategic move that promises to reshape India’s fertiliser industry landscape, Mangalore Chemicals & Fertilisers Ltd (MCFL) and Paradeep Phosphates Ltd (PPL) have announced a merger. This blog delves into the implications of this monumental decision and its potential impact on shareholders, stakeholders, and the wider market. A Mega-Merger MCFL and PPL, two prominent …
On Thursday, the benchmark indices were trading in the red with the Sensex down around 175 points or 0.24% at 71,966 while the Nifty-50 down around 51 points or 0.23% at 21,880. About 1,913 shares have advanced, 1,686 declined and 155 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index …
Today, domestic indices faced challenges in gaining momentum, fluctuating between modest gains and losses. The telecommunication, power, and utilities sectors showed significant gains, while the FMCG and real estate sectors weighed down the market. At 10.35 am, the BSE Sensex edged up by 0.09%, reaching a level of 72,218. The Nifty 50 index advanced 0.14% …
Mankind Pharma, the sixth-largest company in the pharmaceuticals sector, is in the spotlight today due to block deals involving the company’s shares. Mankind Pharma incorporated in 1991, develops, manufactures, and markets pharmaceutical formulations developed for various acute and chronic therapeutic areas, along with several consumer healthcare products. About the Block Deal In today’s morning trading …
In a landmark agreement, Inox Wind, India’s one of the leading wind energy solutions providers, has signed a binding framework agreement with CESC Limited, a major power utility, to install and supply 1,500 MW of wind power capacity over the next 3-4 years. This marks the single largest wind project order ever secured by an …
The Nifty 50 index inched up by 0.01% to close at 21,930, while the Sensex slipped by 0.05% to finish at 72,152, marking a notably volatile day in the market. Experts anticipate a decisive move in the near future amid the fluctuations. Foreign Institutional Investors (FIIs) were observed to engage in a sell-off amounting to …
In the world of technical analysis, a golden crossover is a bullish chart pattern that occurs when a stock’s shorter-term moving average (usually the 50-day) crosses above its longer-term moving average (usually the 200-day). This is often seen as a sign that the stock’s momentum is turning positive and that it could be poised for …
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