UPS Financial News

DLF ended FY24 with healthy sales bookings of ₹14,780 crore, a tad lower than FY23 as it did not launch any major projects in the fourth quarter. The company has already made a solid start to FY25 by selling all 795 apartments in its latest luxury housing project in Gurugram – DLF Privana West – for a staggering ₹5,590 crore, and that too within three days of launch earlier this month. It has given a sales booking guidance of ₹17,000 crore for FY25, but analysts are more gung-ho expecting DLF to surpass this target.

Multibagger stock: One Point One Solutions Limited shares have undergone a remarkable transformation, evolving from a penny stock to a small-cap stock listed on the NSE with a market cap of ₹1,184 crore. This journey is a testament to the stellar returns the company has delivered in recent years, with the stock rising from ₹1.58 apiece on 29th November 2019 to ₹55 apiece today, a staggering increase of around 3400 per cent in nearly four years. Over the past month, One Point One Solutions' share price has surged from ₹51.95 to ₹55, marking a notable 7 percent increase.

Motorola Edge 50 Fusion comes in two variants. The base model, featuring 8GB of RAM and 128GB of storage, starts at Rs. 22,999, while the higher-end variant, offering 12GB of RAM and 256GB of storage, is priced at Rs.

home loans. Even a marginal difference in the interest rate can lead to a significant difference in the total cash flow over a period of time. For instance, when you borrow ₹50 lakh for 15 years, interest rate of 9 percent and 9.5 percent can lead to total cash outflow of ₹96.71 lakh and ₹99.48 lakh respectively, i.e., a difference of ₹2.77 lakh over the loan tenure.

BJP's high-profile Smriti Irani and the relatively unknown Kishori Lal Sharma of the Congress locked in a fierce contest heading towards a difficult to predict climax. What should be a conventional ending has turned out to be a nail biter with Priyanka Gandhi Vadra's spirited campaign for the Congress scripting possible twists and turns in the absorbing electoral battle. Irani was the quintessential 'outsider', albeit from the BJP powerhouse, in 2019 when she beat former Congress president Rahul Gandhi in the constituency long considered the party's very own. Five years later, Rahul Gandhi has moved to nearby Rae Bareli and Gandhi family aide Sharma is up against the incumbent BJP MP's star power. It should be an easy contest but it isn't. As people discuss the Ram temple, Modi factor, the Priyanka Gandhi connect and everyday struggles, that's the word on the street in this constituency where no Gandhi family member is contesting for the first time in 25 years.

Nehru and the Congress, External Affairs Minister S Jaishankar on Thursday said India lost its hold on Pakistan-occupied Jammu and Kashmir (PoJK) due to «someone's weakness or mistake». Jaishankar made the remarks while addressing a programme event titled 'Vishwabandhu Bharat' To a question on what would China's response be if India crossed the 'Lakshman Rekha' and integrated PoJK to the Union of India, given that the China-Pakistan Economic Corridor passes through Pakistan-occupied Gilgit Baltistan, the External Affairs Minister said, «I don't believe there's any such thing as a 'Lakshman Rekha'. I think PoJK is a part of India, and due to someone's weakness or mistake, it's temporarily slipped away from us.»

Naukri.com operator Info Edge on Thursday reported an 18% year-on-year (YoY) jump in its March quarter standalone profit to Rs 211 crore while its revenue recorded a 7.9% growth to Rs 608.3 crore. The company also announced a final dividend of Rs 12 per share for FY 2023-24.

Motorola has expanded its Edge series with the launch of the Motorola Edge 50 Fusion in India. This mid-range smartphone is powered by a Qualcomm Snapdragon 7s Gen 2 chipset and runs on the Android 14 operating system. It features an IP68 rating and a 5000mAh battery.

investment of Rs 12,000 crore into its electric business MEAL over the next three years, the company said in a stock exchange filing on Thursday. The company and its auto division expects to generate sufficient operating cash to satisfy its capital investment needs and is currently not looking to raise additional capital, it said. Further, M&M and BII have agreed to extend the timeframe for the final tranche of the latter's planned investment of Rs 725 crore, the company said. So far, BII has invested Rs 1,200 crore while Temasek invested Rs 300 crore in Mahindra Electric Automobile Limited (MEAL). Temasek will invest the balance Rs 900 crore as per agreed timeline, M&M said.

France imposed an emergency Wednesday in the French Pacific territory of New Caledonia for at least 12 days, boosting security forces' powers to quell deadly unrest in the archipelago where indigenous people have long sought independence. Armed clashes and other violence that erupted Monday following protests over voting reforms have left four people dead, including a gendarme, and injured more than 300, French authorities said.

₹2,038.21 crore in the fourth quarter of FY24, registering a growth of 31.6% from ₹1,548.97 crore in the year-ago period. The auto major’s revenue from operations in Q4FY24 increased 11.24% to ₹25,108.97 crore from ₹22,571.37 crore, year-on-year (YoY). At the operational front, earnings before interest, taxes, depreciation and amortization (EBITDA) in the March quarter rose 12% YoY to ₹3,119 crore from ₹2,789 crore, while EBITDA margin remained flat at 12.4%.

Multibagger IPO: Investing in stocks is like investing in a business; one should hold one's shareholding as long as possible after investing. A stock investor must believe that money is not in buying and selling stocks but in holding. So, one should hold the stock as long as one can; this rule also applies to the primary market investors.

₹209, China Mobile's Arpu is about ₹550. However, before investors get excited about Airtel’s Arpu catching up, they should note the significant difference in per capita income. In 2023, China’s per capita income stands at $12,500, nearly five times that of India, driven by the size of its economy.

Editor’s note (March 13th 2024): This piece has been updated. TikTok’s videos keep its users up late into the evening. Now the app’s links to China are causing politicians to lose sleep, too. On March 13th America’s House of Representatives passed a bill that would force TikTok’s Chinese owner, ByteDance, to sell the app to an owner of another nationality, or else face a ban in America.

Humanity Protocol has achieved unicorn status following a recent funding round that raised $30 million, resulting in a valuation of $1 billion.

Bajaj Holdings & Investment Ltd. fell 1.19 per cent to Rs 8325.0 in Thursday's session as of 01:43PM (IST) even as the equity benchmark Sensex traded 363.56 points lower at 72623.47. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 9355.0 and a 52-week low of Rs 6259.0 on NSE. Around 321 shares changed hands on the counter till 01:43PM (IST).

trading session, the following five stocks witnessed a build-up of fresh short positions. Let's understand how this conclusion is reached whether the stock has seen a buildup of fresh short position or not. To understand it, we 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. Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up. The signal is considered more reliable if the volume on the counter has also seen an increase as the stock price declines.

Crompton Greaves Consumer Electricals Ltd. traded 0.51 per cent down at Rs 336.15 on Thursday at around 01:53PM (IST), while the benchmark BSE Sensex declined 335.06 points to 72651.97. As many as 50,695 shares changed hands on the counter with a total value of Rs 1.7 crore.

Nifty50 closed 1.2% higher in April but more than 80% of the Alternative Investment Funds (AIFs) tracked by PMSBazaar.com beat the benchmark delivering up to 19% return in the same period. AIFs are investment funds pooling money from investors for assets beyond conventional stocks, bonds, and cash.

Open interest indicates that bulls are likely to dominate the following counters. In Thursday’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.

The firm has removed the £1.6bn Jupiter fund, which was held in MPS 2-6 with a weight of between 3.5% and 6%, ahead of the departure of lead manager Whitmore along with his wider team to set up an asset management business in July. «Ben Whitmore brought a specific value focus that blended well with the rest of the portfolio, helped by his clear investment philosophy and consistent implementation of his process which led to strong returns over time, comfortably outperforming the index,» said Ryan Hughes, interim AJ Bell Investments managing director. «The characteristics are well share...