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Major altcoins were trading mixed, with some like Ethereum (ETH), Tether, BNB, Dogecoin, Toncoin, Tron, Cardano, and Shiba Inu seeing gains up to 1.5% around 1:15 pm. Meanwhile, Solana, XRP, and Avalanche experienced declines of up to 1.4%.

Mphasis shares drop 6.17% as Sensex falls

Updated at : 2024-09-18 15:30:02

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The stock quoted a 52-week high of Rs 3186.95 and a 52-week low of Rs 2068.45.

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In a boost to exporters, the yen began the session near 142 per dollar after it strengthened to below 140 in a holiday-thinned Asia session on Monday.

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​There is absolutely no two ways about it. I think incrementally also the kind of spends that we are seeing or the allocations going towards, let us say, defence, railways, and other capex-oriented cycles, the renewable part of it, I think this will continue.

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According to domestic brokerage firm JM Financial, the confirmed rate cut could affect the IT sector in three ways: by increasing stock values through a reduced cost of equity, boosting discretionary demand due to economic recovery, and enabling higher operational expenses due to lower interest burdens on companies

The IPO is entirely a fresh issue of up to 1,25,70,000 shares, with no offer for sale component. The total size of the Rs 150.84 crore issue is determined by the upper price band.

An ETMarkets study revealed 11 stocks listed on the BSE that have consistently gained more than 20% in every October-December quarter over the past four years.

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Promoters held 35.91 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 24.44 per cent and 12.67 per cent, respectively.

Ashi Anand, Founder & CEO of IME Capital, believes that new-age companies like Zomato and Policybazaar will see significant profitability and value creation in the coming decade. Despite current high valuations, Anand argues these companies are solving customer needs more efficiently than traditional businesses, indicating strong growth and profitability ahead.

Godrej Consumer shares drop 1.92% as Sensex falls

Updated at : 2024-09-18 14:20:02

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The stock quoted a 52-week high of Rs 1541.3 and a 52-week low of Rs 959.55.

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