UPS Financial News
31.05 / 07:53
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F&O stocks: Infosys, BHEL among 5 stocks with long buildup
Open interest indicates that bulls are likely to dominate the following counters. In Friday’s trading session, the following five stocks witnessed a build of fresh long positions. Let us first understand how this conclusion is reached 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. The signal is considered more reliable if the volume on the counter has also seen an increase.
31.05 / 07:53
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Blockchain
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Reuters
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Crypto 're-staking' platforms boom as traders chase bigger returns
risk for users and the crypto market. The soaring popularity of so-called "re-staking" is the latest sign of risk-taking in crypto markets as prices rally and traders hunt for yield. Bitcoin, the biggest cryptocurrency, is near all-time highs while ether, the second biggest, is up more than 60% this year.
31.05 / 07:53
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Info Edge share price down 1.1 per cent
Info Edge (India) Ltd. traded 1.1 per cent up at Rs 5690.95 at around 01:08PM (IST) on Friday. The stock had closed at Rs 5754.75 in the previous session. Equity benchmark Sensex traded 209.61 points higher at 74095.21 around the same time.
31.05 / 07:53
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Share price of Bajaj Holdings falls as Sensex gains 152.79 points
Bajaj Holdings & Investment Ltd. dropped 1.87 per cent to Rs 7843.15 at 12:52PM (IST) in Friday's trade. The stock hit a high of Rs 8014.45 and low of Rs 7830.0 so far during the session. The stock had closed at Rs 7993.25 in the previous session. The counter had a total traded volume of 12:52PM shares so far with a turnover of Rs 0.91 crore on BSE. The stock traded at a price-to-earnings multiple of 12.08 and a price-to-book ratio of 1.7.
31.05 / 07:53
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Ethereum
BTC
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Bitcoin
inflation data
Cryptocurrency Price on May 31: Bitcoin holds above $68.3K ahead of key inflation data
crypto market saw a trading session mainly in the red on Friday, although Bitcoin (BTC) traded in the green ahead of forthcoming key inflation data, which could clarify the Federal Reserve’s interest rate plan. At 12:04 pm, BTC was trading 0.8% higher at $68,337, while Ethereum experienced a marginal decline of over 0.1% to $3,738. Meanwhile, the global cryptocurrency market cap rose by 0.3% to around $2.54 trillion in the last 24 hours.
31.05 / 05:49
markets
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Stock market update: Power stocks down as market rises
Torrent Power Ltd.(up 3.73%), CESC Ltd.(up 3.44%), Transformers & Rectifiers(India)Ltd.(up 2.75%), NHPC Ltd.(up 2.23%), RattanIndia Power Ltd.(up 2.20%), Hitachi Energy India Ltd.(up 2.05%), Power and Instrumentation(Gujarat)Ltd.(up 1.95%), Adani Power Ltd.(up 1.74%), Tata Power Company Ltd.(up 1.72%) and Adani Energy Solutions Ltd.(up 1.58%) were among the top gainers.
31.05 / 05:49
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Actor
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Actress Anjali defends Balakrishna after video of superstar pushing her at ‘Gangs Of Godavari’ screening goes viral
Anjali, who was pushed unceremoniously by Telugu superstar Nandamuri Balakrishna at a promotional event, has opened up about the fiasco. Taking to X, the ‘Geethanjali’ star shared the clip from the event, and thanked the veteran actor for attending the promotional event of her movie ‘Gangs Of Godavari’. She also claimed that she always shared a warm camaraderie with the ‘Akhanda’ star, and the entire incident was a jest. “I want to thank Balakrishna Garu for gracing the Gangs of Godavari pre-release event with his presence. I would like to express that Balakrishna garu and I have always maintained mutual respect for each other and we have shared a great friendship for a long time. It was wonderful to share the stage with him again,” she tweeted. In the clip, Balakrishna and Anjali are shown exchanging light hearted banter and a high-five and having a good laugh. Additionally, Balakrishna was shown gently pushing Anjali, to which she responded with laughter.
31.05 / 05:49
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GAIL shares gain 0.72% as Sensex rises
GAIL (India) Ltd. traded 0.72 per cent up at Rs 200.8 at 11:06AM (IST) on Friday, even as BSE benchmark Sensex gained 117.91 points to 74003.51. The stock had closed at Rs 199.35 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 213.7 and Rs 103.2, respectively.
31.05 / 05:49
31.05 / 05:49
31.05 / 05:49
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DAL
Lok Sabha Elections: Is the kaleen rolling out for Apna Dal's Anupriya didi in Mirzapur season 3?
Mirzapur, a district made famous by an OTT series, has never seen an incumbent MP win a third term. Anupriya Patel, the sitting MP since 2014 from Apna Dal (Sonelal) and a part of the NDA, is determined to break this streak. At 43, she faces a strong challenge from Ramesh Chand Bind, a 50-year-old who switched from BJP to SP after being denied a ticket in his home constituency, Bhadohi. The Mirzapur parliamentary seat includes five assembly segments: Chhanbey, Mirzapur, Majhawan, Chunar, and Marihaan. While the fictional character "Kaleen Bhaiya" belongs to the reel world, real-life carpet traders in the region are looking for a representative who can address their business issues. Rajesh Kumar, vice-president of the All India Carpet Manufacturers’ Association, noted that although the «one district, one product» scheme has helped build the Bhadohi-Mirzapur carpet brand, the industry still lacks adequate support. He told TOI that recent years have seen the removal of incentives and the introduction of more regulations, which have hurt the business.
31.05 / 05:49
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Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 35.2 points up at 22523.85, while BSE Sensex was up 154.46 points at 74040.06 at the time of writing this report.
31.05 / 05:49
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Share price of ACC jumps as Sensex gains 150.72 points
ACC Ltd. gained 0.9 per cent to Rs 2518.45 at 10:55AM (IST) in Friday's trade. The scrip hit a high of Rs 2542.05 and low of Rs 2513.65 so far during the session. The stock had closed at Rs 2495.8 in the previous session. The counter had a total traded volume of 10:55AM shares so far with a turnover of Rs 0.4 crore on BSE. The stock traded at a price-to-earnings multiple of 20.34 and a price-to-book ratio of 2.87.
31.05 / 05:47
UPS
Target
Digital
concert
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Department
Customers
Ticketmaster breach: Data of 560 million customers stolen, hackers claim
Ticketmaster customers — more than half a billion people — and is offering the pilfered data on the dark web for US$500,000.The data includes customers’ names, addresses, phone numbers and partial credit card details, including the last four digits of credit and debit cards and card expiration dates, according to HackRead, which first reported on the data breach.Ticketmaster and its parent company Live Nation have yet to confirm that the data breach took place and they have not made a public statement about the hacker’s claims. Ticketmaster did not respond to a Global News request for comment.The group that says it carried out the hack is called ShinyHunters, which has been behind a number of high-profile data breaches targeting Microsoft, AT&T and Mashable.
31.05 / 05:47
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recommendations
Ipca Labs share price down over 11% in 3 days after Q4 result; should you buy or stay away?
₹1234.85 against its previous close of ₹1,249.65 and fell nearly 7 per cent to the level of ₹1,168.10. Considering this price, the stock has declined 11.5 per cent in three sessions.During market hours on Wednesday, May 29, Ipca Labs reported a 22.12 per cent year-on-year (YoY) fall in Q4FY24 consolidated net profit to ₹59.59 crore compared to a profit of ₹76.52 crore in the same period last year.However, the company's revenue rose 34.5 per cent YoY to ₹2,033.01 crore compared with ₹1,511.63 crore in the same quarter last year.Also Read: IPCA Laboratories Q4 Results: Profit falls by 22.12% YoYBarring the recent selloff, Ipca Labs' share price has been on a roll in the last year, surging as much as 82 per cent till the May 30 close.The stock hit its 52-week high of ₹1,373.95 on April 18, 2024, and its 52-week low of ₹692.30 on June 26 last year.Several brokerage firms have given buy recommendations on the stock even though the company reported a fall in Q4 profit.Brokerage firm Nuvama Wealth Management retained a buy call on the stock but trimmed the target price to ₹1,438 from ₹1,480 earlier due to an 8 per cent cut in FY26E EPS (earnings per share).Also Read: Tata Steel share price: 3 Key reasons why Jefferies expects 19% upside post Q4 resultsNuvama observed that Ipca's management expects a nearly 18 per cent margin in FY25E that shall grow to nearly 21 per cent in FY27E."Over six to seven years, Ipca expects a 24–25 per cent EBITDA margin that can lead to 20–25 per cent CAGR in EBITDA.
31.05 / 05:47
UPS
Manufacturing
Adani Power, Emami & others hit 52 week high today ; Do you own any?
Bank Nifty was up by 73.7(0.15%) at 31 May 2024 10:44:53 IST.Other stocks such as Sel Manufacturing Company, Shalimar Paints, KRBL, Berger Paints India, Route Mobile hit their fresh 52 wk lows today.
31.05 / 04:47
UPS
wellness
cover
patient
rights
International
Improvement in tech, backend processes & team strength needed to achieve IRDA objective: Shweta Rajani
«Honestly the infrastructure would need to be improved, the backend technology would have to be improved for them and the timeline for them is I would say two months, within two months they have to get all this sorted,» says Shweta Rajani, Anand Rathi Wealth. In my personal experience, I was hospitalised once and I got to discharge in the morning but the entire thing got settled only post 5 pm or 6 pm in the evening so almost seven to eight hours of waiting period and at that time you being a patient, you being discharged are in touch with the health insurance company, their customer call requesting them to give the authorization and just let me go home but now it seems this will be all stopping and not more than three hours you will be allowed to wait? Absolutely. What you said is your experience is something that most family members or patients would have experienced even though they would have applied for cashless insurance, but at the time of discharge you are right it could end up taking easily seven to eight hours while during this time period the hospital is submitting all the bills, the required documents, then there is a wait time because the insurance company has to approve of all the claims, give the authorization and then only you are allowed to get discharged, not only that in a lot of cases it does not end there because you would have given still some amount of a deposit right because your entire claim process is still going to take a few days and that deposit money to come back to you could be a few days away.
31.05 / 04:47
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International
The US can't be protectionist and world leader
President Joe Biden likes to call the United States “the indispensable nation.” By that he means that America is the only power simultaneously mighty and benevolent enough to preserve whatever is left of a liberal order — one in which rules and multilateral institutions govern, among other things, a system of relatively free international finance and trade. But what if the US itself, even under Biden, turns against the system it’s supposed to guard, becoming an agent of economic nationalism, international fragmentation and hostile bloc-building? Doubts to that effect have popped up throughout the Pax Americana, the long period of US leadership that followed World War II. What most frightened America’s friends abroad, though, was Donald Trump in the White House. His “America First” worldview was a throwback to a much earlier US stance of isolationism and nationalism.
31.05 / 04:47
31.05 / 04:47
markets
UPS
Manufacturing
Election
electronic
patient
Modi magic! PSU stocks create Rs 7 lakh crore wealth this election season
Modi hi', Dalal Street investors have been hoarding PSU stocks in large numbers ever since voting for the Lok Sabha election began on April 19. During the period, the market capitalisation of BSE PSU index has increased by nearly Rs 7 lakh crore with stocks of state-owned entities, now being categorised as «Modi stocks», rallying up to 87%. Shares of defence PSUs, one of the key beneficiaries of PM Modi's 'Aatmanirbhar Bharat' policy, dominate the list of election season winners. Cochin Shipyard, Bharat Dynamics and Mazagon Dock Shipbuilders have rallied in between 87% and 56% during the period.
31.05 / 04:47
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Fighting
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reports
Courts
Trump will try to turn his guilty verdict into campaign fuel
convicted of a felony — let alone 34 of them – is the kind of blow that would normally tank any politician’s ambitions. Donald Trump will instead try to turn what might otherwise be a career-ending judgment into campaign fuel.
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