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Citigroup downgraded RIL post Q3 results but raised the target price to Rs 2910 from Rs 2600 earlier. The Q3 numbers were largely in line with estimates. The O2C was softer while the Oil & Gas segments reported strong numbers.

Positive setup was seen in stocks like Aarti Industries, IRCTC, REC Ltd, OFSS, PFC, BHEL, Cummins India, Indian Hotels, PNB, ONGC, Bharti Airtel, GAIL, IOC, M&M, Birla Soft, Tech Mahindra, Titan, Axis Bank etc. among others.

Tata Communications Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 49162.50 Crore) operating in Telecommunications sector.

Regarding real estate, Bhasin advises waiting for numbers and warns that new launch prices may not be sustainable. Sanjiv Bhasin suggests booking out of DLF and Godrej and getting into some banks after recent price correction. . He is also favourable towards Paytm, ICICI, Axis, Wipro, HCL Tech, ONGC, GAIL, SW Solar, and Dhanlaxmi Bank.

Voltas Ltd. key Products/Revenue Segments include Electrical Goods, Contract Revenue, Sale of services, Other Operating Revenue and Scrap for the year ending 31-Mar-2023.

The SEC this month approved 11 new ETFs that track the price of bitcoin, and the decision has been heralded by promoters of bitcoin — and of the new funds — as an important event, legitimizing bitcoin as an asset class.

FMCG major HUL posted a profit growth of a mere 0.6% YoY to Rs 2,519 crore while missing the ETNow poll estimate of Rs 2,724 crore. Revenue dropped 0.3% YoY to Rs 15,188 crore and also trailed estimates of Rs 15,533 crore.

Arun Misra, CEO of Hindustan Zinc, says the company has seen a strong set of earnings with revenue growth of 8% and expanded margins. Demand in India is good, while global demand remains weak, especially in Europe and China. Hindustan Zinc expects zinc prices to remain between $2,500 and $2,600 per ton in the near term. The company has achieved cost reduction through various measures and maintains its production guidance for FY24.

Several established financial institutions, including Fidelity and BlackRock, have coalesced around bitcoin because it is the world’s first and largest cryptocurrency. But bitcoin remains an enigma to most everyday investors, and it’s hard to separate the buzz from any true potential. It’s also wildly volatile.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.