UPS Financial News

Indian Hotels Company Ltd. traded 0.27 per cent lower in Tuesday's session at 01:03PM (IST). The stock opened at Rs 581.45 and has touched an intraday high and low of Rs 584.9 and Rs 577.7, respectively, during the session so far. The stock quoted a 52-week high of Rs 622.25 and a 52-week low of 371.45. About 67,054 shares changed hands on the counter so far.

Inflows

Ashok Leyland Ltd. traded 1.55 per cent higher in Tuesday's session at 12:53PM (IST). The stock opened at Rs 232.7 and has touched an intraday high and low of Rs 236.15 and Rs 230.25, respectively, during the session so far. The stock quoted a 52-week high of Rs 237.9 and a 52-week low of 151.6. About 523,654 shares changed hands on the counter so far.

United Spirits Ltd. gained 0.69 per cent to Rs 1324.15 in Tuesday's trade. It hit a high of Rs 1334.05 and low of Rs 1310.35 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 1102.88, while the 50-DMA was at Rs 1187.23. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Aditya Birla Sun Life Mutual Fund launched one of India’s first global funds from Gift City (registered with the International Financial Services Authority or IFSC) last year. It had its first close in September 2023, raising $33 million, mostly from resident Indians and institutions. 

Kannada film actor Darshan Thoogudeepa has been arrested in an alleged murder case, police sources said on Tuesday. The 47-year-old was picked up from a hotel in Mysuru in connection with the murder of a man, identified as Renuka Swamy, on June 9 coming under the Kamakshipalya police station limits here, the sources said.

Avenue Supermarts Ltd. gained 0.49 per cent to Rs 4799.9 in Tuesday's trade. It hit a high of Rs 4825.0 and low of Rs 4784.75 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 4035.71, while the 50-DMA was at Rs 4643.72. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

«I think people will wait and watch. They will consolidate. So, I think last Monday, the exit poll day, whatever levels you saw should be the top for PSUs for the next six months and on Tuesday whatever lows that we saw on the result day I think that should be the floor and most of them will move in the trading band of Monday and Tuesday so to say,» says Digant Haria, GreenEdge Wealth. I guess the markets would be very pleased, the top four cabinet ministries stay put and clearly a messaging of continuity and I think that is something that the market would be liking. I think this Tuesday is far better than what last Tuesday was. Last Tuesday, we were all scared. We did not know what is going to happen. Compared to the verdict that we saw last Tuesday I think the cabinet and the bargaining with the allies I think everything is falling in place. So, I think the worry is less but because we are at elevated levels and because this entire PSU pack and the defence, infrastructure all these things were so overheated that I think they will still need three to six months of sideways movement or consolidation so to say despite the stable government.

Indian Oil Corporation Ltd. traded 0.3 per cent up at Rs 165.75 at around 11:51AM (IST) on Tuesday. The stock had closed at Rs 165.25 in the previous session. Equity benchmark Sensex traded 185.31 points higher at 76675.39 around the same time.

Zee Entertainment Enterprises Ltd. 0.0 per cent to Rs 164.1 at 11:46AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 1,130,341 shares with a turnover of Rs 18.78 crore till 11:46AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 114.16, while the price-to-book value ratio stood at 1.23.

Federal Bank Ltd. traded 1.51 per cent up at Rs 167.3 on Tuesday at around 11:57AM (IST), while the benchmark BSE Sensex advanced 189.7 points to 76679.78. As many as 178,641 shares changed hands on the counter with a total value of Rs 2.98 crore.

large-cap stocks that peaked and then remained stagnant or declined for years, you might wonder whether you should continue holding onto them. As an equity investor, the timing of when to exit a stock becomes crucial, especially if large-cap stocks make up a significant part of your portfolio.

The cryptocurrency market has witnessed a remarkable boom in recent years, with the total market worth surging to over $2 trillion. The approval of Bitcoin and Ethereum ETFs has further fueled the growth, drawing in a new wave of investors and enthusiasts. As a result, many individuals are now exploring alternative ways to participate in crypto beyond mere investment. One such avenue is crypto mining, which has become increasingly accessible and lucrative. AST Mining stands out as a reputable platform for free Bitcoin, Litecoin, and other top currencies mining, offering users a seamless way to amplify their passive income.

Bank Nifty was up by 89.1(0.18%) at 11 Jun 2024 10:44:59 IST.Other stocks such as Neueon Towers, Shubhlaxmi Jewel Art, POPULAR VEHICLES AND SERVICES ORD, QUEST LABORATORIES ORD hit their fresh 52 wk lows today.

Also read | This 86-year-old retired professor shows it's never too late to benefit from mutual funds US resident Niharika understands this too well. She uses the end-to-end services of PHE Healthcare in Mumbai for her mother, who has Parkinson’s disease, and says they are the “quarterback" for all her mother’s healthcare and wellness needs.

₹291 crore that took place on the bourses, as per media reports.According to Moneycontrol, the transaction involved the transfer of around 66.20 lakh shares, representing a 2% ownership in Mamaearth's parent company. The block sale was completed at an average price of ₹439 per share, representing a more than 4% reduction from the stock's previous close of ₹457.95 per share.Moneycontrol noted in its news report that it was unable to quickly identify the parties involved in the sale.

Biocon Ltd.(up 1.86 per cent), Granules India Ltd.(up 1.6 per cent), Abbott India Ltd.(up 1.02 per cent), Torrent Pharmaceuticals Ltd.(up 0.97 per cent) and Aurobindo Pharma Ltd.(up 0.92 per cent) were among the top gainers.

Chandrababu Naidu-linked stocks, Amara Raja Energy & Mobility and Heritage Foods, whose prices have increased by 124% and 230% respectively in the last one year and have come into limelight as TDP won the assembly elections. Heritage Foods has experienced a remarkable surge of over 105% in its stock price over the past 12 trading sessions alone while Amara Raja Energy, whose Managing Director Jay Dev Galla was a former MP from TDP (Telugu Desam Party), has seen its shares rally over 20% post Naidu-led TDP securing a win in the assembly elections.

Tata Power Company Ltd. rose 0.56 per cent to Rs 450.45 in Tuesday's trade. It hit an intraday high of Rs 453.65 and low of Rs 447.0, respectively, during the day. The stock quoted a 52-week high price of Rs 464.3 and low of Rs 215.65.

Tata Motors DVR, and Tata Chemicals along with Asian paints and others will remain in focus this week due to corporate actions like dividends and annual general meetings. Here is a list of corporate actions lined up for the day:

Benchmark NSE Nifty index rose 60.1 points to 23319.3 amid buying in frontline bluechip stocks.