Latest Stock Market News

Federal Bank rises 1.52% as Sensex climbs

Updated at : 2023-08-28 13:25:01

Rate this item

(1 Vote)

The stock traded at a P/E multiple of 9.75, while the price-to-book value ratio stood at 1.27.

Rate this item

(1 Vote)

A total of 10,923 shares changed hands on the counter till 12:33PM (IST)

While the 50-stock Nifty-50 index has delivered a 67% return in INR terms and 42% in USD terms in the past five years, market returns are expected to remain muted over the next few years, irrespective of the level of economic growth, the brokerage said.

Rate this item

(1 Vote)

A host of analysts shared their tech views on particular stocks which may gain up to 42% in the near term. Take a look.

Among index majors, Axis Bank, UPL, Oil and Natural Gas Corporation, and Sun Pharmaceutical Industries witnessed a rebound in earnings in the June quarter.

Rate this item

(1 Vote)

Staples is also a sector where we are clearly seeing the benefit of lower raw material prices reflecting in better EBITDA margins. So, those are primarily the three reasons. But having said that, I would say that this is still a tactical bet, this is not a sector that I would buy and hold with a five-year view.

"The current market is worth buying on every dip and suggests focusing on domestic-driven sectors such as banks, FMCG, autos, and cement. Pharma is the only export-oriented sector worth considering." Maheshwari advises caution when considering investing in Paytm due to increased competition. "While stock picking, one should be selective and outperformance of midcaps and smallcaps."

Rate this item

(1 Vote)

Suzlon will supply the wind turbines (equipment supply) and execute the project including erection and commissioning. Suzlon will also provide operation and maintenance services post‐commissioning, the company said.

Rate this item

(1 Vote)

Lack of follow through after reaching all-time highsand swing breakdown indicates signs of weakness.

On the daily technical charts, the October Gold futures have fallen below their upward trend line support at Rs 58,945, indicating a pessimistic outlook, she informed, adding that there has been a recovery in gold prices from the critical support level of Rs 58,275.

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.