UPS Financial News

₹435 and ₹515.The stock declined around 1 percent to its day's low of ₹436.90 in intra-day deals today, Friday, May 24. It has now corrected 12.5 percent from its peak of ₹499.60, hit in July last year but has advanced over 9 percent from its 52-week low of ₹399.30, hit on March 12, 2024.The stock has been mostly flat, up just 1.5 percent in the last 1 year, and has fallen over 5 percent in 2024 YTD.

₹790 on the NSE, the Max Healthcare share price is down more than 10% from 52-week highs seen in February.Analysts remain positive on growth being fueled by expansions. Analysts at Jefferies India Private Ltd have maintained Buy ratings on Max Healthcare post Q4.

interest rate hikes, ever! The immediate impact? Bonds lost in double digits. The returns they made in over a year were wiped out in a span of weeks. For instance, the Total Bond index, which tracks the US investment grade bonds, marked 2022 as its worst year on record going back 250 years.

WARSAW—It’s a nightmare for any laptop user when the innards go haywire and the device freezes up irreversibly—a disaster called “bricking." Now imagine it happening to a 175-ton passenger train. It began with Dolnośląskie Rail, which functions as a sort of MTA of southwest Poland. Much of its rolling stock had been made by the Polish company Newag.

The Education Department was already more than a year behind schedule on rolling out the new Free Application for Federal Student Aid. Then, last October, staffers were alerted to a major oversight: The formula for determining aid didn’t account for inflation. The system had to go live in December.

If you are looking for higher interest rates on fixed deposits (FDs), corporate fixed deposits from non-banking financial companies (NBFCs) and housing finance companies (HFCs) can be seen as an attractive option. These deposits offer higher returns when compared to major private and public sector banks. However, it is crucial to assess the risks involved before investing.

«We believe that given that the budget is going to be in July, there is still a lot of steam left. Even after the election results are out, I think the run-up to the budget should be good,» says Dinshaw Irani, CEO, Helios MF. There are two factors at play, one the short-term, which is from here to the election, which is 4th of June and then what happens to the market after that. In last three-four days, we have seen a sizable comeback in the markets, defence, railways, logistics, infrastructure, anything which has got to do with policy, that sector has seen a sizable rally. Do you think markets and some of these policy stocks are now priced to perfection and they are pricing in a near-perfect election scenario? The fact is that we never took that into cognisance in the first place. What we were clear about was that we just need the government to continue. It did not matter whether they came in with a 300-plus or a 400-plus kind of majority, all we needed was them to continue and the continuity is what we were looking forward to and I think more or less that is a given.

Japan's Nikkei share average sank on Friday, tracking declines on Wall Street after robust U.S. economic data stoked bets that stubborn inflation may delay Federal Reserve interest rate cuts. The Nikkei sagged 1.17% to 38,646.11 as of the close, and had earlier dipped as much as 1.9%.

Crompton Greaves Consumer Electricals Ltd. fell 0.67 per cent to Rs 390.95 in Friday's trade as of 11:51AM (IST) even as the benchmark Nifty ruled at 22969.55, up 1.9 points. The scrip had closed at Rs 393.6 in the previous session. The stock quoted a 52-week low of Rs 262.1 and a high of Rs 410.0. The company quoted a market-cap of Rs 25319.12 crore on the BSE.

Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose nearly 3% in Friday's trade on BSE to its new 52-week high of Rs 4,520 after the company’s PAT more than doubled to Rs 1,895 crore in Q4. Revenue from operations increased 26% year-on-year (YoY) to Rs 17,825 crore in the reporting quarter while the airline's passenger ticket revenues grew 25% YoY to Rs 15,601 crore.

MphasiS Ltd. traded 0.24 per cent lower in Friday's session at 11:46AM (IST). The stock opened at Rs 2399.85 and has touched an intraday high and low of Rs 2410.55 and Rs 2383.1, respectively, during the session so far. The stock quoted a 52-week high of Rs 2835.0 and a 52-week low of 1807.0. About 2,844 shares changed hands on the counter so far.

Indian Oil Corporation Ltd. traded 1.01 per cent up at Rs 169.6 on Friday at around 11:31AM (IST), while the benchmark BSE Sensex advanced 30.48 points to 75448.52. As many as 554,415 shares changed hands on the counter with a total value of Rs 9.34 crore.

Shares of Bikaji Foods International jumped 9.3% to Rs 583.9 in Friday's trade on BSE after the firm posted a massive 200% jump in net profit at Rs 116.3 crore in the quarter ended March 31, compared to Rs 38.67 crore in the year-ago period. Sequentially, the profit recorded a 153% jump compared to Rs 46 crore in the December quarter.

Madhav Marbles & Granites Ltd.(up 4.31%), Lexus Granito(India)Ltd.(up 2.90%), Sandur Manganese & Iron Ores Ltd.(up 2.57%), Aro Granite Industries Ltd.(up 2.03%), 20 Microns Ltd.(up 1.56%), MOIL Ltd.(up 1.42%), NMDC Ltd.(up 1.34%), Coal India Ltd.(up 0.93%) and The Orissa Minerals Development Company Ltd.(up 0.83%) were among the top gainers.

«Selling depends on whether you have some cash on the sidelines or not, because the longer-term prospects do not change. So, if you have 10-15% cash on the sidelines, then you do not necessarily need to sell,» says Sandip Sabharwal, asksandipsabharwal.com. What a magical Buddha Purnima it turned out to be, seems like the June 4th magic was struck yesterday itself. But where from here, do you think it is as good as it gets or do you think the short covering bout and maybe some long addition has only started now and the rally could very well have more legs to go? As always, I have maintained that what the Indian markets do because most markets globally are heavily overbought in a way will depend on global cues.

Frequently Asked Questions (FAQs)- The most economical option is to use your savings to pay off interest and other costs. If you have saved up enough money to pay for the whole thing, then great.- If you have a car or other valuable asset as collateral, you may be eligible for a secured loan at a lower interest rate than an unsecured personal loan. A 0% APR credit card offer (used strategically) is a fantastic alternative for short-term financing if you can pay off the balance during the introductory period (typically 12-18 months) to avoid paying excessive interest rates later.

Newly-approved spot Ethereum exchange-traded funds (ETFs) could potentially hit the market by mid-June.

Catholic church that he was dubbed “God’s influencer” is set to become the first millennial saint.Carlo Acutis was 15 years old when he died from leukemia in 2006, but he did big things for Catholicism in his short time on earth, Pope Francis has decided.His first attributed miracle, healing a Brazilian child of a congenital disease affecting his pancreas, was recognized by the Pope in 2020 and resulted in his beatification.Now, the Pope has approved a second miracle, involving the healing of a university student in Italy from a brain bleed, which clears Acutis for canonization.According to the Catholic News Agency, the 21-year-old girl from Costa Rica was studying in Florence in 2022 when she was in a bicycle accident that resulted in traumatic injury to her brain.After a craniotomy, her family was told the girl’s situation was dire and her mother set out on a pilgrimage to Assisi to pray at the tomb of Acutis, where is body lies on display.The mother left a note at the tomb and, 10 days later, the girl was discharged from intensive care. Further tests showed her brain had healed and she only needed one week of physical therapy.

open a free Demat account. Want to know how? Read on!Opening a Demat Account - A Comprehensive GuideOpening a Demat account is done online and you have to choose a broker to open one. Here are some key steps to take in the process of opening a Demat account online today:Select a Reputed BrokerBegin the Demat account opening process by choosing a reliable and registered broker.

Finolex Cables surged over 14 percent in intra-day deals on Friday to its record high of ₹1,308.25 after the company posted better-than-expected results for the quarter ended March 2024 (Q4FY24).The firm posted a 6.3 percent year-on-year (YoY) increase in its consolidated net profit at ₹186.1 crore for the fourth quarter of FY24 as against ₹175 crore in the same period last year. On a sequential basis, the profit jumped over 23 percent from ₹151 crore in the previous quarter.Meanwhile, its revenue from operations increased 18.3 percent to ₹1,450.69 crore in Q4FY24 versus ₹1,226.14 crore in the corresponding period of the preceding fiscal.The stock rose as much as 14.3 percent to its new high of ₹1,308.25 in intra-day deals today.

Indiabulls Housing Finance has issued the public issue of secured redeemable non-convertible debentures (NCDs). The coupon rate for these securities is up to 10.75 percent per annum. This is Tranche VI and the minimum amount for which one can invest is ₹10,000.