Today let’s look at the performance of some stocks post their trading. Given the volatility of the stock market and its corresponding ups and downs, we’re focussing on the fortunes of three stocks, Biocon, Tata Elxsi and Sterlite Technology. Get the details here! Biocon Surge Morgan Stanley has upgraded this stock of Biocon from overweight …
According to a company official, IPO-bound payment provider firm MobiKwik expects to report a 100% growth in revenue for the current fiscal year. The company’s COO and chairperson said that this MobiKwik IPO is a significant opportunity for the firm. She further added that MobiKwik would not launch its IPO during unstable market conditions and …
The Indian corporate sector witnessed a steady growth momentum in their earnings during quarter 3 of FY 2021. Compared to the previous financial year, both net profit and revenue expanded in double digits. Interested in knowing more about this topic? Read on. Growth Trend in Indian Companies Around 254 Indian companies have already announced their …
According to most analysts, Axis Bank is likely to report healthy financials for the quarter ending on 31 December 2021. Aided by various factors like modest loan growth, cost reduction and low base in the previous year, the lender is expected to show impressive growth in deposits and advances. In the same quarter of the …
Former Reserve Bank of India Governor Raghuram Rajan said that India should stop focusing on areas such as agriculture and manufacturing and should start considering other areas instead. Rajan takes a neutral stance and believes that India’s current state requires not being overly optimistic or overly pessimistic. Apart from addressing the various issues facing the …
A Close Look into the Matter According to Refinitiv, India’s investment banking industry has collected Rs. 2,200 crores through a series of big-ticket IPOs. The listing of some of the major Indian unicorns last year has enabled a massive increase in income. The fees that investment bankers collected from IPOs and share sale proceeds in …
On Tuesday, the oil prices jumped almost 4% as supply concerns eased and expectations of smoothly running operations boosted. The positive push came from the anticipation that the spread of the Omicron variant would not disrupt the global recovery. US WTI saw the biggest one-day percentage rise since November 2021. Brent crude rose above $83.70 …
Consecutive Outflows for Cryptocurrencies Since mid-December, the cryptocurrency sector has witnessed four consecutive weeks of record outflows. As a result, this sector reached a total outflow of around $465 million, with an asset under management of 0.8%. Bitcoin, which is the largest cryptocurrency in the world regarding market cap, posted an outflow of $107 million …
The year 2022 began on a happy note as the equity markets ended the first week with gains. Even though the ongoing concerns about the Omicron threat persist, global stocks managed to end in positive territory. Last week, the markets took charge but witnessed some volatility as they interpreted the Federal Reserve’s hawkish stance with …
The old year is over, and as we head into the new one, it is time to review the financial trends of last year and prepare for 2022. India’s equity markets reached new milestones, drawing many first-time investors. 2021 also saw an increasing number of unicorns, a rise in the organized sector, and new financial …
