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As interest rates rise in the cost of capital will increase and the froth in stocks will correct even more. We have already seen central banks across the world taking measures to curb inflation by tightening the money supply.

"Historically, most of the time, the second half of the year remains bullish for the equity markets. Most of the negativity is already discounted and levels are becoming attractive, especially in many largecap stocks," said Punit Patni, Equity Research Analyst, Swastika Investmart.

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The board will also consider and approve another proposal for sanction of a Rupee Term Loan of up to Rs 5,000 crore from Commercial Bank to meet capital expenditure requirements..

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The company has a strong pipeline of Rs 1.24 lakh crore worth of orders in manufacturing for the next three to four years led by LUH, LCH and engines for Su-30 & MiG-29. HAL’s FY22 closing order book was at Rs 82,513 crore. The company received orders worth Rs 76,306 crore in the last two financial years, of which over 50 per cent i.e. Rs 40,263 crore orders were from the manufacturing segment.

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The brokerage is expecting pressure on earnings in H1FY23 given the increased pet coke prices and subdued cement realisations. International coal prices have remained elevated and are expected to remain higher for a longer period, Nirmal Bang said.

Buy Ceat, target price Rs 1425: JM Financial

Updated at : 2022-06-30 13:35:02

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Ceat Ltd. key Products/Revenue Segments include Automobile Tubes, Other Operating Revenue, Scrap, Royalty Income, Others for the year ending 31-Mar-2022.

The Relative Strength Index of the stock stood at 47.77 on Thursday.

In terms of percentage shareholding, the 62-year-old ace investor holds double-digit stakes in Metro Brands, NCC and Nazara Technologies. As companies start releasing their June quarter shareholding data from next week onwards, it would be known how Jhunjhunwala rejigged his portfolio and that of his better half amid market volatility.

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The 56% drawdown in the biggest cryptocurrency is the largest since the third quarter of 2011, when Bitcoin was still in its infancy, data compiled by Bloomberg show. The decade in between those hallmarks saw several booms and busts, with cryptocurrencies’ market value swelling as they gained more widespread adoption and ultra-low interest rates spurred risk taking.

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Phoenix Mills Ltd., incorporated in the year 1905, is a Mid Cap company (having a market cap of Rs 20751.99 Crore) operating in Real Estate sector.

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