HDFC Bank, the largest private lender, fell by 4% today on the BSE. The shares began trading at Rs 1599 each, which was 1.84% down from its previous closing price of Rs 1629 each. It hit an intraday low of Rs 1560.60 and finally closed near its today’s low price at Rs 1563.90, which is …
Public Sector Undertakings (PSUs) stocks in India have gained prominence due to the government’s increased expectations for PSUs regarding capital expenditure and dividend payments. In a light-hearted remark last month, Prime Minister Narendra Modi suggested that stock market investors consider investing in PSUs, even those previously criticized by the Opposition. He humorously quipped, “Here’s a …
The Sensex witnessed a notable downturn, with the index closing 1.18% lower and the Nifty index also ending the day down by 1.15%. Additionally, the Nifty Midcap index saw a modest decline of 0.28%, while the Nifty Smallcap index experienced a more significant drop of 0.88%. In terms of sectors, Nifty Metal, Nifty Financial Services, …
HFCL has launched revolutionary Intermittently Bonded Ribbon (IBR) Cables in the United Kingdom (UK). As a leading supplier in the UK market, this strategic move is in line with HFCL’s global expansion plans and aims to further tap into UK’s urban and rural markets, accelerate 5G and FTTP adoption and meet the growing bandwidth demands. …
PDS Limited, a global fashion solutions company, is expanding its portfolio with customized offerings, such as sourcing as a service and brands management. In line with this strategy, PDS’s UK-based vertical Poeticgem has acquired the brand intellectual property (IP) of Little Mistress. Established in 2010, Little Mistress has built a reputation as a go-to destination …
Shares of Dynamatic Technologies Limited witnessed a significant surge today. The stock opened trading at Rs 4137.75, remaining flat compared to the previous day’s closing price of Rs 4137.75 per share. Furthermore, the stock achieved a significant milestone today, reaching Rs 4500 per share, marking a 9% increase during the intraday session. In addition to …
Tata Investment Corporation Limited (TICL), a non-banking financial company that primarily invests in long-term investments, such as equity shares and equity-related securities, has reported a positive cash flow from investing activities of Rs 62.72 crore for the financial year 2022-23. This was primarily driven by the purchase of investments worth Rs 3017.12 crore crores in …
It’s a sea of red for the Indian markets with Sensex and Nifty declining more than 1% on Wednesday. The index heavyweights HDFC Bank and Reliance Industries have combinedly contributed more than 100 points in the Nifty falls. All the sectors were seen trading in red. However, there was one stock which was seen buzzing …
On Monday, both the Sensex and Nifty commenced the day on a negative note, showing declines of 0.22% and 0.13%, respectively. About 1,911 shares have advanced and 1,490 declined furthermore 218 are unchanged on the BSE. Top gainers and losers on the BSE Sensex Index are as follows: The top Sensex gainers were Mahindra & …
The balance sheet is an important financial statement that provides an overview of a company’s assets, liabilities, and shareholders’ equity at a specific point in time. One important component of the balance sheet is cash and cash equivalents, which represents the company’s liquid assets readily available for use. Cash and cash equivalents include cash on …
