Latest Stock Market News

Investing Rs 10 lakh today for ten years and earning Rs 10 crore is practically impossible. Even by investing Rs 4 lakh a month through SIP for ten years, the returns will not achieve the desired amount, with even a 12% CAGR on Nifty requiring Rs 4,35,000 monthly investments. A clear investment objective, review and rebalancing of portfolios, and investing for a long-term are crucial for building long-term wealth.

Tata Motors, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 155934.58 Crore) operating in Auto sector.

With the Urus, we already have our strategy in place in India and it is not only restricted to Urus but also the overall business. So, in India, we are focussing on three key pillars to drive our growth story. First is to expand our reach both demographic and geographically.

From the Sensex pack, Infosys and Tech Mahindra were the top losers, falling 7-11%. Wipro, HCL Tech, TCS, HDFC Bank, HDFC and NTPC also opened in the red. On the other hand, Power Grid, Nestle, IndusInd Bank, Axis Bank, UltraTech Cement and Tata Steel traded with gains.

On the daily and weekly charts, the stock has formed a promising breakout continuation formation. The texture of the chart suggests an uptrend continuation formation which is likely to continue in the near future.

Foreign portfolio investors (FPIs) continue to remain net buyers at Rs 221.85 crore on Thursday. DIIs, on the other hand, sold shares worth Rs 273 crore.

Rate this item

(1 Vote)

Infosys has reported a weak set of numbers for the fourth quarter as its revenue in constant currency terms slumped 3% sequentially. The operating margins were also under pressure at 21%. Following the results, Infosys ADRs on Thursday slumped nearly 9%. The stock is likely to react negatively on Monday

Wadias look to shed stake or exit Go First

Updated at : 2023-04-17 08:35:04

Rate this item

(1 Vote)

Go First, which made its highest annual financial loss to date in FY22, has been tackling huge operational issues in the past few months as half of its aircraft have been grounded due to supply chain disruptions pertaining to Pratt & Whitney (P&W) jet engines.

Warburg Pincus, Kedaara in talks to acquire Watertec

Updated at : 2023-04-17 08:35:04

Rate this item

(1 Vote)

Watertec (India) Pvt Limited was set up in 1997 as a three-way joint venture among Coimbatore-based UMS Group, Watertec Malaysia and Sri Lanka-based South Asian Investments. It is the leader in the plastic bath fittings and accessories market. It sells bathroom fittings, accessories and sanitaryware across polymer, chrome-plated, and affordable luxury categories.

Rate this item

(1 Vote)

Adding to the mix of resilient U.S. economic data was a strong run of first-quarter 2023 earnings from JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co, brushing off concerns about a banking crisis that unfolded in March.

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