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In a bid to bolster national control over Bitcoin, Republican presidential hopeful Donald Trump calls for all remaining Bitcoin production to be centralized within the U.S. As the crypto industry grapples with regulatory scrutiny and investor distrust following major firm bankruptcies in 2022, its efforts to sway American policymakers intensify.

Federal Bank shares gain 3.97% as Sensex rises

Updated at : 2024-06-12 13:20:02

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A total of 930,153 shares changed hands on the counter till 01:03PM (IST)

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As of 31-Mar-2024, promoters held 37.01 per cent stake in the company, while FIIs held 26.8 per cent and domestic institutional investors had 8.72 per cent.

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I think the mood is very positive. Obviously, as you rightly said, a lot of people missed out last Tuesday when we saw the sell-off in the markets and obviously, so I think luckily most of them are still holding on to their positions and not sold it and they are just riding it.

Ambuja Cements rises 0.82% as Sensex climbs

Updated at : 2024-06-12 12:25:01

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The stock traded at a P/E multiple of 44.44, while the price-to-book value ratio stood at 3.25.

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Go Digit General Insurance shares surged 10% to a record high of Rs 372.35 after reporting robust Q4 results. PAT soared 104% YoY to Rs 53 crore. Q4 gross written premium rose nearly 19% YoY to Rs 2,336 crore. FY net profit jumped 405% to Rs 182 crore, with gross written premium up 24.5% YoY to Rs 9,016 crore.

Tata Motors shares surge on debt-free India business, JLR target by FY25. Aiming for EV EBITDA breakeven in FY26, expanding product portfolio for 80% market share. Analysts positive on growth prospects. Motilal Oswal, JM Financial, and ICICI Securities offer varying ratings and target prices.

Morgan Stanley predicts bullish trends for gas stocks following the inclusion of natural gas under GST. E&P giants like ONGC and Oil India are poised to benefit most, with estimated upsides of 5% and 3-4% respectively in earnings. Operational efficiencies and cost reductions are expected, enhancing prospects across the natural gas value chain.

Rahul Shah's two top stock picks from HFC space

Updated at : 2024-06-12 12:25:01

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If I look at it, last quarter numbers were bad for most of the IT companies and I would still wait and there is a lot of other opportunities in the markets versus IT companies. So, I would still wait. Just because the valuations are compelling, one should not get in. But there are other serious pockets where the money will be made versus the IT pack.

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A total of 9,805 shares changed hands on the counter till 11:41AM (IST)

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