Trade Financial News

Bajaj Holdings & Investment Ltd. traded at Rs 8159.95 on BSE at 01:55PM (IST) on Thursday, up 0.33 per cent from previous close. The scrip quoted a 52-week low price of Rs 5791.05 and a high of Rs 9355.0.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means. When a trader is expecting the stock prices to fall, he may sell the stock without owning that and buy at a lower price, for example, stock XYZ is trading at 100, a trader sells the stocks at Rs 100 and buys it back at Rs 90. He made a profit of Rs 10. Selling the stocks without owing the underlying stock is called short selling.

Donald Trump’s stake in his social-media company could soon be worth nearly $3.5 billion, giving the former president a potential windfall that could ease his financial pressure and boost his political campaign. Trump’s winning lottery ticket would come from Truth Social, the struggling social-media platform he launched in 2021. After a twisted path that included tens of millions of dollars in losses and insider-trading convictions, the platform could be worth billions of dollars because the former president’s supporters have bid up the shares of its merger partner.

In Thursday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not. When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup.

Stock market today: Shares of Rama Steel Tubes Ltd have been in an uptrend since early morning deals on Thursday. The small-cap stock with a market cap of ₹2,088 crore today opened upside at ₹13.95 apiece and went on to touch an intraday high of ₹14.65 apiece, logging a nearly 10 percent rise during the intraday session. The small-cap stock witnessed a spurt in volume as well.

Also Read: Nifty 50, Sensex jump 1% each; why is Indian stock market gaining today? — explained with 5 critical reasons All 20 constituents of the index are currently trading in the green, with power financiers leading the charge. Power Finance Corporation saw a significant surge of nearly 6.8%, reaching an intraday peak of ₹385.85 per share, marking an end to a four-day decline.

₹3,024.90 on the NSE on March 4 of this year, Reliance share price has experienced some profit-taking. This month, the stock has witnessed a marginal decline of approximately one per cent, as of the closing on March 20. Also Read: Nifty 50, Sensex jump 1% each; why is Indian stock market gaining today? — explained with 5 critical reasons If the stock ends in the red in March, it will break the winning streak of the last four consecutive months.

ICICI Bank maintains its status as a preferred choice for investors and analysts alike, thanks to its strong fundamentals, robust growth prospects, and adept management. Let's take a look at the fundamental and technical outlook for the stock in the long term. Why is it still a good buy? Here's what experts say.

Tata Elxsi Ltd. traded 1.13 per cent up in Thursday's trade at 01:24PM (IST). Around 7,311 shares changed hands on the counter. The stock opened at Rs 7649.85 and touched an intraday high and low of Rs 7667.05 and Rs 7591.3, respectively, in the session so far. The stock of Tata Elxsi Ltd. quoted a 52-week high of Rs 9191.1 and a 52-week low of Rs 5883.05.

Jubilant Foodworks Ltd. gained 0.57 per cent to Rs 446.15 in Thursday's trade as of 01:29PM (IST). The stock hit a high price of Rs 448.4 and low of Rs 444.0 during the session. The return on equity (ROE) for the stock stood at 17.33 per cent. Traded volume on the counter stood at 01:29PM shares and turnover at Rs 1.56 crore around that time. The stock of Jubilant Foodworks Ltd. quoted a 52-week high price of Rs 586.35 and 52-week low prices of Rs 420.35, respectively.

Shriram Finance Ltd. fell 0.42 per cent to Rs 2305.0 in Thursday's trade as of 01:14PM (IST) even as the benchmark Nifty ruled at 22005.55, up 166.46 points. The scrip had closed at Rs 2314.85 in the previous session. The stock quoted a 52-week low of Rs 1202.8 and a high of Rs 2535.0. The company quoted a market-cap of Rs 86411.27 crore on the BSE.

Bitcoin spot exchange-traded funds (ETFs) in the United States have witnessed a three-day streak of net outflows, with a total of $261.5 million leaving the ten approved funds on March 20. 

Shree Cements Ltd. traded 1.62 per cent up in Thursday's trade at 01:19PM (IST). Around 247 shares changed hands on the counter. The scrip opened at Rs 25030.55 and touched an intraday high and low of Rs 25395.0 and Rs 24945.65, respectively, in the session so far. Shares of the company of Shree Cements Ltd. quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 22601.3.

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ICICI Lombard General Insurance Company Ltd. traded at Rs 1657.7 on BSE at 12:48PM (IST) on Thursday, up 1.06 per cent from previous close. The scrip quoted a 52-week low price of Rs 1056.0 and a high of Rs 1739.95.

Zee Entertainment Enterprises Ltd. traded 0.42 per cent up at Rs 141.3 on Thursday at around 12:28PM (IST), while the benchmark BSE Sensex advanced 381.14 points to 72482.83. As many as 1,048,943 shares changed hands on the counter with a total value of Rs 14.89 crore.

JioCinema, the official streamer for IPL, has reported a record number of 18 sponsors and over 250 advertisers for the upcoming season that will kick off on March 22. JioCinema has roped in Dream11 as a co-presenting sponsor, while Tata Motors, PayZapp by HDFC Bank, SBI, Cred, AMFI, Upstox, Charged by Thums Up, Britannia, Pepsi, Parle products, Google Pixel, Haier, Jindal Steel, Vodafone, Dalmia Cements, Kamla Pasand and Rapido have joined hands as associate sponsors. The streaming platform said that this season has seen advertiser interest from both conventional digitally-inclined categories like automobiles, mobile handsets, banking, online broking & trading, credit card payment, and construction, as well as traditional mediums like FMCG.

Lupin Ltd. traded at Rs 1608.15 on BSE at 12:33PM (IST) on Thursday, up 2.91 per cent. The stock quoted a 52-week low price of Rs 628.1 and a high of Rs 1703.8. Earlier in the day, the stock saw a gap up opening.

Cholamandalam Investment & Finance Company Ltd. gained 0.6 per cent to Rs 1050.45 at 12:38PM (IST) in Thursday's trade. The counter has hit a high of Rs 1059.75 and low of Rs 1048.8 so far during the session. The stock had closed at Rs 1044.1 in the previous session. The counter has had a total traded volume of 9012 shares so far with a value of Rs 0.96 crore on the NSE. It traded at a price-to-earnings multiple of 27.48 and a price-to-book ratio of 4.37.

Mint. The investment comes a month after venture capital firm Jungle Ventures made a $20-million follow-up investment in Walko Food, which houses ice-cream brands such as NIC and Grameen Kulfi. On Wednesday, global consumer giant Unilever said it had decided to spin off its ice cream business, which houses brands such as Magnum and Ben & Jerry’s, to cut costs.

Mint. The lackluster consumer sentiment was reflected in QSR companies’ December quarter (Q3FY24) results as well with most players reporting a sequential drop in sales growth, and some also posting negative year-on-year same-store sales growth, a key metric for retailers. This was despite Q3 being a festival-heavy quarter.