Recommendations Financial News

Aptech Ltd, part of the education industry, has fallen more than 30% from May 2023 highs and has taken multiple support above 240 levels and bounced back which suggests that the stock has bottomed out. Short-term traders can look to buy the stock for a possible bounce back towards 300 levels in the medium term, suggest experts. The stock which is also part of the S&P BSE Small-cap index hit a record high of Rs 422 on 30th May 2023, but it failed to hold on to the momentum. The small-cap stock underwent a price-wise correction which took the stock below 50 and 200-DMA in October 2023. The stock found support above 240 levels multiple times in November before bouncing back in December 2023.

Adani Power Ltd. traded 0.13 per cent down at Rs 543.9 at 10:50AM (IST) on Thursday, even as BSE benchmark Sensex gained 419.19 points to 71775.79. The stock had closed at Rs 544.65 in the previous session.

Coal India , ONGC , OIL India, Power Grid Corporation of India , Petronet LNG, Gujarat State Fertilizers and Chemicals , PTC India , Rites , Gujarat Narmada Valley Fertilizers and Chemicals , Chennai Petroleum Corporation are the top PSU stock picks by Religare Broking paying high dividend yields. Dividend yield is one of the main factors to consider when investing in dividend paying stocks. It is an indicator of the returns investors are earning on their shares.

Buy or sell stocks for today: Following weakness in global market sentiments, Indian stock market extended the selling spree for second straight session on Wednesday. Nifty 50 index lost 148 points and closed at 21,517 levels, BSE Sensex crashed 535 points and closed at 71,356 mark whereas Nifty Bank index went off 56 points and finished at 47,704 levels.

Arvind Kejriwal and his Jharkhand counterpart Hemant Soren are the two CMs who currently under the scanner of the Enforcement Directorate (ED) over money laundering cases. They both have skipped summons by the financial probe agencies and are in a close radar of the financial prove agency. Speculations are rife that these two chief ministers may get arrested.

By Noel Randewich

Prince of Persia series is making a comeback in 2024 with a new game that reverts to its original 2D side-scrolling roots. The upcoming release incorporates Metroidvania elements and modern game design.

The disaster occurred partly because of a path-dependent adherence to traditional shipbuilding techniques that couldn't support the heavy artillery. The recently constituted 16th Finance Commission (FC) must avoid the 'Vasa syndrome' of sticking to precedents at the cost of progress. There are three critical areas in which the 16th FC must diverge from its predecessors' path: Resource allocation Initially, the 14th FC proposed an augmentation of states' share in vertical devolution from 32% to 42%.

top essay helpers were skilled writers, affordable prices, easy ordering processes, user-friendly interface and helpful customer support agents. Here are the top five picks of websites for essay writing: Let’s discuss in detail what makes theseUK-based essay writing services popular among students. The prominent features of these companies have been covered here as well.

Avenue Supermarts, which operates the retail chain of DMart, is one such stock that has been on a downward spiral over the last two calendar years. The stock dropped nearly 4% to ₹3,940 per share in today's trading session following the company's release of Q3FY24 business update, which came in below analysts' estimates. Also Read: Weak rural demand to dent FMCG sector volumes in Q3FY24, says Nuvama The company on Tuesday reported a 17.18% improvement in its standalone revenue from operations to ₹13,247 crore, driven by 5% growth in revenue per store to ₹1,565 million and 11% store addition.

50/30/20 guideline for rapid personal budgeting. A widely embraced and simple budgeting framework, this rule recommends dividing your post-tax income into three categories: Allocate 50 per cent to necessities: This includes crucial expenses like housing, food, transportation, utilities, and minimum debt payments. These are indispensable commitments that secure your fundamental well-being and fulfil essential responsibilities.

The Consortium of Medical, Engineering, and Dental Colleges of Karnataka (COMEDK) has announced an extension of the application deadline for the Undergraduate Entrance Test (UGET). Prospective candidates now have until April 27, 2024, to submit their applications through the official website: comedk.org. It is strongly recommended to complete the application process well before the revised deadline, as no further extensions will be provided.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

retail investors gained strong muscle power as a result of their roaring participation in the primary market in 2023. In value terms, retail investors applied for shares worth a staggering Rs 1.49 lakh crore, which was a whopping 203% higher than the total IPO mobilisation in 2022, according to Prime Database. The average number of applications from retail investors in initial public offers (IPO) increased to 13.21 lakh, which was more than double of 5.66 lakh in 2022. The highest number of applications from retail investors were received by Tata Technologies at 52.11 lakhs, followed by DOMS Industries at 41.30 lakhs, and INOX India at 37.34 lakhs. Through initial public offering (IPO), companies raised Rs 54,114 crore in 2023, which includes both the main board and SME. However, this was nearly 12% lower than 2022, primarily due to the mega IPO of insurance major LIC. About 57 corporates raised Rs 49,434 crore through main board IPOs in 2023, which was 17% lower in 2022. However, excluding the mega IPO of LIC, which came out in 2022, mobilisation through IPO increased by 28%. As many as 40 out of the 57 IPOs came in just four months in 2023. The largest IPO in 2023 was from Mankind Pharma, which mopped Rs 4,326 crore, followed by Tata Technologies at Rs 3,043 crore, and JSW Infrastructure at Rs 2,800 crore. While companies from multiple sectors tapped the IPO market in 2023, one key sector that had a limited presence was BFSI with just Rs 6,190 crore. The sector represented just 13% of the total fundraising in 2023 compared to 46% in 2022. New age technology companies too, were few at just two namely Yatra and Mamaearth.

Zee Entertainment Enterprises Ltd. traded 0.45 per cent up at Rs 288.55 at 01:39PM (IST) on Wednesday, even as BSE benchmark Sensex dropped 170.12 points to 72240.26. The stock had closed at Rs 287.25 in the previous session.

Indonesia has launched a new five-year multiple-entry visa for tourists and visitors on business. The Directorate General of Immigration announcing the launch, said that the extended validity will make travel to Indonesia more affordable. Under the new visa, holders can stay in Indonesia for up to 60 days per visit. However, the announcement did not specify the time frame within which the 60 days must be used. The visa fee for this five-year multiple-entry option is set at $972 (IDR 15,000,000), and payment is required to be made online. Holders of this visa will have the flexibility to explore the country, visit family and friends, and participate in events and meetings. The Immigration department of Indonesia has underscored that the new visa is explicitly intended for tourism and business purposes, and holders are not permitted to work for local employers while in Indonesia. Those seeking to work or stay for an extended period must apply for an alternative visa category. Authorities have also warned that failure to adhere to the visa rules may result in fines, deportation, or legal charges.

Balrampur Chini, Delta Corp, Hindustan Copper, Indian Energy Exchange (IEX), Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban. The MWPL for Balrampur Chini stood at 93.7% on Tuesday with OI reported by Trendlyne at 10.7. It was down by 8.4% from the previous session. The MWPL for Delta Corp stood at 117% on Tuesday with OI reported by Trendlyne at 22.9 million.

“In our base case, we foresee the Dec '24 Nifty Target at 23,000. We assume the continuation of the political stability and consequent visibility on the policy continuity after the 2024 General Elections,” says Neeraj Chadawar, Head — Fundamental and Quantitative Research, Axis Securities. In an interview with ETMarkets, Chadawar said: “These bull and bear phases of the markets are driven by sentiments in the market. When sentiments are positive, the market will continue to do well. In a fear scenario, the market will fall,” Edited excerpts: We were cruising nicely but suddenly COVID, freight concerns, and potential geopolitical tension struck D-St. What is your take – is it profit booking or will any of the above factors have a material impact? Neeraj Chadawar: The year 2023 was interesting, not only for the Indian equity market but also on the global markets front. We commenced the year with restrained expectations and witnessed notable volatility in the initial months.

here.ONGC Videsh Ltd (OVL) is in talks with its Venezuelan partner to secure oil cargoes in lieu of unpaid dividends totalling $600 million, two people aware of the development said. This follows the US easing sanctions on Venezuela, where India’s overseas explorer has partnered state-owned Petróleos de Venezuela SA (PdVSA) for the San Cristobal project.Any oil flowing in from Venezuela holds significance for India, the world’s third largest oil buyer that once counted the Latin American country among its largest oil suppliers.A spokesperson for OVL confirmed in response to a query that the San Cristobal project owes dividends of around $600 million to the company.

Adani Enterprises, Adani Ports, Adani Wilmar, Adani Power, Adani Energy Solutions, Adani Green Energy, Adani Total Gas, ACC, Ambuja Cements, and NDTV. As Mint reported earlier, a bench comprising Chief Justice D Y Chandrachud and justices J B Pardiwala and Manoj Misra will deliver the judgement at 10:30 am on as many as four petitions. The judgement on the PILs was reserved on November 24, 2023.