Trade Financial News

According to Jefferies' industry checks, Apple’s (AAPL) iPhone experienced a year-over-year decline of over 30% recently.

Investing.com -- Shares in Boeing (NYSE:BA) fell sharply in premarket trading in New York on Monday, as reports say that the planemaker and U.S. regulators have hit a snag in carrying out safety inspections in the wake of a mid-air breach of a 737 Max jet last week.

Boeing shares listed in Frankfurt and in U.S. pre-market trading fell almost 8% early on Monday after the U.S.

Sula Vineyards, the largest wine producer in India, saw a massive rise in its stock price in today's trade, increasing by almost 17.30% to reach a new historic high of ₹649.95 apiece, following an 11.40% jump in the previous trading session. Today's surge came in response to global brokerage firm CLSA's positive outlook on the company.

Dilip Buildcon, PNC Infratech and KNR Constructions. However, NCC is estimated to report a higher 37% YoY sales growth, driven by its strong order book, which is highest among peers. For toll-based assets, the brokerage firm forecast 5% sequential rise in revenue.

Price-to-Book ratio (PB ratio) is a popular measure to assess a company’s current value. ET looks at the interpretation and suitability of the PB ratio and how to use it effectively when assessing the valuation of a stock. What is PB Ratio? Price-to-Book ratio is a metric that investors use extensively to determine the valuation of a stock. It helps to understand if a stock is undervalued or overvalued. How is the ratio calculated? It is calculated by comparing the current market price of a stock with its book value.

Honasa Consumer jumped over 10% to hit their 52-week high of Rs 490 on the NSE on Monday following a block deal where over 32 lakh shares were reported to have changed hands. The floor price of the deal was Rs 437 per share, which is a discount of nearly 2% from the previous close of Rs 445.65. The total transaction value was Rs 142 crore, according to the media reports. The stock witnessed strong investor interest as nearly 51 lakh shares traded on the NSE around 2:35 pm.

Multibagger penny stock: Marsons shares are one of the multibagger stocks that were delivered by the Indian stock market in the last one year. This penny stock under ₹10 surged from ₹4.05 apiece levels to ₹10.01 per share levels in this time and logged around a 150 per cent rise in the last one year. The BSE-listed multibagger penny stock has given over 65 per cent return to its long-term investors.

Investing.com — European stock markets traded in a mixed fashion Monday, with risk appetite subdued at the start of a week that includes the release of key inflation data from the U.S., Japan and China. 

Marico Ltd. rose 4.0 per cent to Rs 523.95 in Monday's trade. It hit an intraday high of Rs 536.6 and low of Rs 520.0, respectively, during the day.

Godrej Consumer Products Ltd. fell 3.65 per cent to Rs 1175.25 in Monday's trade as of 02:10PM (IST) even as the benchmark Nifty ruled at 21587.4, down 123.4 points. The scrip had closed at Rs 1219.85 in the previous session.

SRF Ltd. traded at Rs 2425.3 on BSE at 01:44PM (IST) on Monday, down 2.28 per cent. The stock quoted a 52-week low price of Rs 2050.0 and a high of Rs 2636.65.

MphasiS Ltd. traded 2.81 per cent down at Rs 2564.95 at 01:39PM (IST) on Monday, even as BSE benchmark Sensex dropped 419.68 points to 71606.47. The stock had settled at Rs 2639.2 in the previous session.

Bank of Baroda slipped 3.49 per cent to Rs 226.25 in Monday's trade as of 01:54PM (IST). It hit a high of Rs 231.6 and low of Rs 225.45 during the session. The stock quoted a 52-week high price of Rs 240.0 and a low of Rs 146.5.

₹2,849 apiece in today's trade by gaining 6%, building on its strong momentum for the seventh consecutive trading session. In the last six trading sessions, the shares have jumped from ₹1,797 apiece to ₹2,689, resulting in a stellar gain of 50%.

Also Read: MSCI EM Index: India surges to second place; weightage likely to cross 20% by mid-2024 CLSA believes that Nifty is trading at earnings multiples that have historically led to reversals. “India is now the most expensive of the world’s largest markets and the only one trading in the top decile of its historical trading range. In fact, 15 out of the top 19 global markets are trading below their historical average valuations.

Bitcoin in the US. Would-be Bitcoin ETF issuers have been given until Monday morning in Washington to submit any last-minute revisions to their pending applications, Bloomberg News has reported. The US Securities and Exchange Commission itself has until Jan. 10 to take action on at least one of those applications, and crypto insiders have speculated the regulator will use that date to announce a slew of decisions at once. There are two technical requirements that must be fulfilled before a spot-backed Bitcoin ETF can start trading. First, the SEC must sign off on so-called 19b-4 filings by the exchanges that would list the ETFs. Second, the regulator must approve the relevant S-1 forms, which are the registration applications from the would-be issuers — a list that includes BlackRock and Fidelity. The SEC is planning to vote on the exchanges’ filings, the 19b-4s, in the coming days, Bloomberg News has reported. The regulator may or may not then take action on the issuers’ applications, the S-1s, around the same time. If the SEC grants both sets of required approvals, the ETFs could start trading as soon as the next business day.

Karnataka's Religious Endowments Minister Ramalinga Reddy on Monday lashed out at the BJP for claiming that he ordered a special pooja at temples on January 22 caving under its pressure. Reddy said members of the Hindu community always worshipped Lord Ram even before the BJP was born as a political party. «Special poojas have been conducted on auspicious days and festivals at Hindu temples as a routine. January 22nd is also one such special day for all Hindus: The new Ram Mandir is being opened as the dispute over the land is now a closed chapter.

After closing 2023 on a high, the Indian equity market saw a slow start to 2024. In the week that ended 5 January, the benchmark Nifty 50 index was down 0.1% week-on-week in local-currency terms.

Bharat Forge Ltd. slipped 0.01 per cent to Rs 1266.1 in Monday's trade. It hit a high of Rs 1276.4 and low of Rs 1260.7 during the session.

corporate bond funds. These schemes invest at least 80% of their corpus in the papers of the highest-rated companies. This makes them relatively safer than other debt schemes such as credit risk funds. They are also safer than gilt funds and long term debt funds that are highly sensitive to interest rate changes in the economy. You should pay attention to these two factors: safety and interest rates. Safety became a crucial factor for debt fund investors after a series of defaults and downgrades in the debt space almost three years ago. The shutting down of six schemes by Franklin Templeton Mutual Fund shook conservative investors in debt schemes. Though the environment is different now, you should still proceed cautiously.