Shares of REC surged 9.5 percent in intra-day deals today, May 2 to hit a new high of ₹555.45 on the back of strong March quarter (Q4FY24) results. Including today’s rally, the stock has extended gains for the eighth straight session, soaring 30.5 percent in this period. The PSU (public sector undertaking) company posted a 33 … Read more
However, in March and February, the Nifty Midcap fell around 0.5 percent each while the Nifty Smallcap index declined 4.4 percent and 0.3 percent, respectively. Meanwhile, the benchmark rose over 1 percent in both those months, strongly outperforming the broader markets. Read here: General Elections 2024: Will Nifty extend gains for 4th straight month in … Read more
Four of Nifty’s five top gainers were banks, fetching 70% of the Nifty’s 223.45-point gain to 22,643.40. They also were the top five stocks on the Sensex, which rose 1.28% to 74671.28. Analysts expect the bellwether indices to outperform their small- and mid-cap counterparts, as large private sector banks close the valuation gap. The 12-stock … Read more
A few days after National Stock Exchange’s managing director (MD) and CEO Ashishkumar Chauhan’s deep fake video wherein he is seen recommending stock went viral, BSE’s MD and CEO Sundararaman Ramamurthy’s video is also doing rounds on the social media. Mr Ramamurthy has clarified that he does not initiate or endorse any such communication via social … Read more
“While the year-end profit booking, Sebi advisories to mutual funds to curb froth in smids (small- and mid-cap counters) and overvaluation in some counters caused the broader market indices to correct sharply till the middle of last month, selective picking by funds and other investors at lower levels erased the losses in the second-half, which … Read more
Throughout the year, some of the most anticipated IPOs, such as Tata Technologies, IREDA, JSW Infra, and Cello World, among others, made their debut in the primary markets. Most IPOs this year garnered substantial subscriptions and witnessed positive movements on their listing days. Moreover, equity fundraising through IPOs, as well, witnessed a notable 20 percent … Read more
Holi, the festival of colours, is not just a time for fun and merry-making but also offers valuable financial lessons that can be applied in our everyday lives. As we celebrate Holi, let’s take a closer look at some of the financial lessons we can learn from this vibrant festival. Budgeting and planning ahead Just … Read more
This article seeks to demystify the intricacies of Power of Attorney (PoA), exploring its various types, precautions to take, and more. Whether you’re a seasoned investor or a newcomer to the stock market, this guide aims to provide you with the insights needed to make informed decisions. First let’s understand, what is a Power of … Read more