Trade Financial News

03.05 / 13:17

UPS Manufacturing security Strategy Trade Pharmaceuticals Govt plans new pricing norms for medical device industry

NEW DELHI : The government is exploring new pricing strategies for the medical device industry and also looking at specific regulations to streamline the licensing, trading, and exporting processes for manufacturers, according to officials familiar with the situation. Medical device licences are currently categorized under the Drugs and Cosmetics Act, and industry associations have long advocated for specific regulations, arguing that the criteria for drug licensing are not suitable for medical devices.

03.05 / 12:01

markets Enterprise WhatsApp Arrow Trade Updates orienteering Stock market update: Nifty Realty index falls 1.03%

Shares of Prestige Estates Projects Ltd.(up 4.27 per cent), Godrej Properties Ltd.(up 1.47 per cent), Sobha Ltd.(up 0.7 per cent) and Mahindra Lifespace Developers Ltd.(up 0.25 per cent) ended the day as top gainers in the pack.

03.05 / 12:01

markets WhatsApp Arrow Trade Updates orienteering Stock market update: Nifty IT index falls 0.89%

Shares of Infosys Ltd.(up 0.14 per cent) ended the day as top gainers in the pack.

03.05 / 11:59

COST economy Trade show reports Gold heading for worst weekly loss since February

Gold headed for its first back-to-back weekly loss in more than two months on concerns that the Federal Reserve may take longer to cut interest rates than previously expected as inflation risks persist.

03.05 / 11:49

Provident wellness Trade Justice reports rights International 'Trader justice': Ex-SocGen trader fired for risky bets claims he was made a 'scapegoat'

A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a «scapegoat» and failing to take its share of responsibility for missing the trades.

03.05 / 11:05

markets UPS Entertainment Nestle Trade Updates Stock market update: Stocks that hit 52-week highs on NSE in today's trade

Benchmark NSE Nifty closed 172.36 points down at 22475.85 amid selling in frontline bluechip counters.

03.05 / 10:07

markets UPS Manufacturing Trade performer 2020 Multibagger stock Sprayking soared 3092% in 4 years, jumped from ₹1.5 to ₹50.7

Sprayking has given exceptional returns to its investors in the last 4 years. The stock has skyrocketed around 3,092 percent from ₹1.59 in April 2020 to currently trade at its record high ₹50.75. Meanwhile, the stock has also given multibagger returns, almost 132 percent in the last 1 year.

03.05 / 10:07

Target Booking security wellness Trade reports Coforge faces Street wrath on lack of guidance, Cigniti acquisition

demand environment remains tough. Usually, it takes longer for large acquisitions to eventually reap the potential benefits on revenue and deal pipeline. In effect, Coforge’s shares fell as much as 10% on Friday.

03.05 / 09:51

markets IPO Strategy Food Trade band information 2:1 bonus shares, 1:10 stock split: SME stock Sarveshwar Foods gives 200% return to IPO allottees in 6 years

2:1 bonus shares, 1:10 stock split effect: For an intelligent stock market investor, the initial public offering (IPO) investment strategy is not much different from the stock investment strategy because investing in an IPO is like investing in a stock. One should hold the stock after share allocation for as long as possible.

03.05 / 09:51

markets Provident Trade performer information recommendations Updates Small-cap stock Rushil Decor jumps 9% ahead of dividend announcement date

Dividend-paying stock: With the eagerly anticipated board meeting of Rushil Decor scheduled for 9th May 2024, the Company has informed the Indian stock market bourses that its board of directors will consider and approve the proposal for the final dividend. This significant event will coincide with the discussion of the Q4 results 2024, adding to the anticipation.

03.05 / 09:51

markets UPS IPO Manufacturing Trade recommendations Piramal Pharma shares jump over 7% to hit 18-month high, gain 32% in 7 weeks

Piramal Pharma shares jumped 7.35% in today's trading session to a new 52-week high of ₹153.90 apiece, and this was also the stock's highest level in 18 months. They finished the last six out of seven weeks in green, gaining 32% as investors cheered to multiple positive developments. However, despite this recent uptrend, the stock has yet to surpass its IPO price of ₹200, which it hasn't achieved since its listing in October 2022.

03.05 / 09:51

markets UPS Provident Software Trade reports Infosys allots 6.57 lakh equity shares to top-performing employees under two schemes: Details here

Also Read | TCS vs HCL Tech vs Wipro vs Infosys: Which stock to buy after Q4 results 2024? Of the total shares allotted to employees, 341,402 equity shares were allotted under the 2015 Incentive Compensation Plan and another 315,926 shares under the Infosys Expanded Stock Ownership Program 2019. Also Read | Wipro, Infosys March quarter results paint gloomy outlook for FY25 India’s second-largest software services provider enjoys a market capitalisation of around ₹5.85 lakh crore.

03.05 / 08:55

markets WhatsApp Nikkei Trade Headlines Investors lose Rs 4 lakh crore as Sensex melts 1,100 pts. Key factors behind today's bloodbath

Sensex crashed 1,126 points or 1.5% to the day's low of 73,627.99, the broader Nifty 50 plunged 289 points, hitting the day's low of 22,358.65. All sectoral indices are trading with cuts. The market capitalisation of BSE-listed companies also dropped by a whopping Rs 4.25 lakh crore.

03.05 / 08:55

UPS WhatsApp Trade show reports Share price of Trent falls as Sensex drops 1016.28 points

Trent Ltd. dropped 3.22 per cent to Rs 4495.75 at 02:10PM (IST) in Friday's trade. The counter has hit a high of Rs 4697.2 and low of Rs 4481.2 so far during the session. The stock had closed at Rs 4645.75 in the previous session. The counter has had a total traded volume of 26440 shares so far with a value of Rs 12.01 crore on the NSE. It traded at a price-to-earnings multiple of 183.09 and a price-to-book ratio of 34.51.

03.05 / 08:55

markets UPS Booking Gap WhatsApp Trade Federal Bank shares drop 1.93% as Sensex falls

Federal Bank Ltd. traded at Rs 164.75 on BSE at 02:05PM (IST) on Friday, down 1.93 per cent. The stock quoted a 52-week low price of Rs 120.9 and a high of Rs 170.25. Earlier in the day, the stock saw a gap down opening.

03.05 / 08:45

UPS Trade reports recommendations Updates MRF Q4 results: Net profit drops 7.6% YoY to ₹379.6 crore; declares dividend of ₹194 per share

₹379.6 crore for the fourth quarter of FY24, a decline of 7.6% from ₹410.7 crore in the year-ago period. The tyre manufacturer’s revenue from operations in Q4FY24 rose 8.6% to ₹6,215.1 crore from ₹5,725.4 crore, on a year-on-year (YoY) basis. Earnings before interest, taxes, depreciation and amortization (EBITDA) in the March quarter increased 5% to ₹885.7 crore from ₹843.1 crore, while EBITDA margin weakened to 14.3% from 14.7%, YoY.

03.05 / 08:45

markets COST Target security Trade reports recommendations Coal India share price rises 4% post Q4 earnings: Should you Buy, Sell or Hold the stock?

Coal India Share price gained 4% during intraday trades on Friday post Q4 results posted by the company after the market hours on Thursday. Coal India had reported consolidated net profit at ₹8,640.5 crore for the quarter ending March, which grew 25.8 percent YoY. The same came better than the consensus analyst estimate of ₹6,826 crores.

03.05 / 08:45

markets IPO Booking Manufacturing wellness Trade band IPO market in a slump! After a strong FY24, only 3 mainboard IPOs list in April, 2 trade above issue price

SRM Contractors: The IPO was listed SRM Contractors shares were listed at ₹225 apiece, a premium of 7.14 percent to the issue price of ₹210 per share, on the BSE on April 3. Currently trading at ₹199.15, the stock is below its issue price. The issue was open for subscription between March 26 and March 28 with a price band set in the range of ₹200-210 apiece.

03.05 / 08:45

UPS IPO Manufacturing Remark Trade performer reports Multibagger Stock: Netweb Technologies advanced 147% in just 6 months, up 270% from IPO price

Netweb Technologies, a prominent provider of high-end computing solutions (HCS) in the country, continues its winning streak as its shares hit the 5% upper circuit limit for the second consecutive session on Friday, reaching ₹1852 apiece. This brings them close to their all-time high of ₹1892, with just a 2% difference. This surge in the stock price began after the company reported a strong set of numbers for the March ending quarter and for the full quarter of FY 24.

03.05 / 08:45

markets economy MSCI Trade performer Chart Beat: Promoters ditch large caps and mid caps alike as crude worries loom

Also read: Biden’s take on India’s economy is both bizarre and bothersome Investor are cautious for several reasons even as the Indian economy is expected to perform better than its Asian peers in FY25. A key near-term worry is elevated crude oil prices, which would reduce companies' profits and hamper India’s fiscal position.

03.05 / 08:45

Target security Research Trade track Inside recommendations Stock to buy: Anand Rathi recommends Vijay Kedia-backed Patel Engineering as its pick for the month

₹59.74 apiece on the BSE on Friday. The infrastructure and construction services company Patel Engineering is a multibagger stock that has given more than 177% returns in the past one year and over 367% returns in three years. On the technical front, Patel Engineering shares have recently undergone a notable decline and is currently trading near the ₹58 mark, closely tracking its 200-day Exponential Moving Average (DEMA).

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