UPS Financial News

 Jason Furman, former National Economic Council chair under Obama, says there is nothing structural about inflation on 'Barron's Roundtable.'

'Permanent Distortion' author Nomi Prins argues Fed policy is adversely affecting everyone on 'Making Money.'

Fine Organic Industries Ltd. with a target price of Rs 4779.0. The current market price of Fine Organic Industries Ltd. is Rs 4281.25 . Fine Organic Industries Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 13146.23 Crore) operating in Chemicals sector.

Jindal Steel & Power Ltd. with a target price of Rs 987.0. The current market price of Jindal Steel & Power Ltd. is Rs 976.75 . Jindal Steel & Power Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 95816.87 Crore) operating in Metals — Ferrous sector.

Aarti Industries with a target price of Rs 800. The current market price of Aarti Industries is Rs 655. Aarti Industries, incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 24258.77 crore) operating in Pharmaceuticals sector.

Shares of Zydus Wellness jumped 3.8% on BSE to hit their fresh 52-week high of Rs 1,750.20 after reporting a 4% year-on-year (YoY) increase in profit after tax of Rs 150.3 crore for the fourth quarter ended March 2024. The company’s board also declared a dividend of Rs 5 per share. The record date has been fixed as July 19 to determine the list of shareholders entitled to receive the final dividend for the financial year 2023-24.

National Disaster Response Force (NDRF), which is engaged in the search and rescue at the hoarding collapse site in Chheda Nagar here, said they can't use gasoline-powered cutters as the accident site is a petrol pump and it can result in a blast or fire. At least 14 persons died, and 74 suffered injuries after a 100-feet-tall illegal billboard fell at a petrol pump in the Chheda Nagar area of Ghatkopar during dust storms and unseasonal rains that lashed the city on Monday. Two NDRF teams are engaged in the search and rescue operation along with the fire brigade, local disaster response teams, police, and dog squads. Talking about the challenges faced by the rescue teams, assistant commandant of the NDRF Nikhil Mudholkar said the force has gasoline-powered cutter equipment and oxyfuel cutters, but the use of this equipment can result in a blast or fire as there is a petrol pump at the site.

Zomato with a target price of Rs 230. The current market price of Zomato is Rs 186.5. Zomato, incorporated in the year 2010 (having a market cap of Rs 170978.71 crore) operates in Services sector.

Zomato for messages such as "Reminder: call maa". "Some of us are grieving the loss of mums. Others are struggling with poor relationships with parents.

Reserve Bank of India (RBI) has kept the repo rate unchanged for the past 12 months, thus rendering the investments in debt instruments reasonably attractive. Now, RBI is expected to cut the interest rate later this year, as per a Reutersreport thus triggering the onset of a declining interest rate cycle. Among debt mutual funds, there are multiple options which investors can opt for.

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, crossed the ₹5,000 mark in today's trade to hit a new all-time high of ₹5,045 apiece by gaining 3.2%. The stock's surge today has propelled it to achieve a 93% gain over the past year and 105% increase over the past two years. Starting from its low of ₹2,146 per share in March 2022, the stock is currently trading at a remarkable 134% increase.

Multibagger stock: Money magnet Charlie Munger once said that big money is not in the buying or selling, but in the waiting. This holds well when it comes to penny stock investment because investing in a stock means investing in a business, irrespective of its size. If a company is equipped enough to grow at a faster rate, then one should not look at the size of its business.

₹130 crore in the fourth quarter of FY24, down from ₹333 crore reported in the year-ago period. The company has posted a net profit of ₹13 crore in Q3FY24. PVR Inox’s revenue from operations in Q4FY24 rose 10% to ₹1,256 crore from ₹1,143 crore, YoY.

MasterChef Australia’s season four winner-turned-judge, teamed up with Mumbai chef Hussain Shahzad for a pop-up at O Pedro last weekend. Manifestation seems to be another constant in Allen’s life as he talks about how this collaborative effort reached fruition. “On my last trip to India, where I collaborated on a range of Australian flavours-inspired chocolates with the ITC brand Fabelle, I remember saying how much I wanted to do something with The Bombay Canteen guys.

Blinkit turned adjusted-Ebitda-positive for the first-time in March. Zomato arrives at adjusted Ebitda by adding employee stock option (Esop) expenses and subtracting lease rentals. Note that in the fourth quarter of FY24, Blinkit posted an Ebitda loss even as quick-commerce gross order value (GOV) continued to grow, rising 14% sequentially.

ICICI Lombard General Insurance Company Ltd. traded at Rs 1692.3 on BSE at 01:40PM (IST) on Tuesday, up 0.52 per cent from previous close. The scrip quoted a 52-week low price of Rs 1066.65 and a high of Rs 1747.4.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says in the manufacturing space, with the capital goods players collected, railways could be the biggest influencer as far as the growth output is concerned for many of the capital goods companies. Though they are adequately priced today, in case of a dip, one should grab the opportunity and buy into the portfolios. Choksey further says that among midcap stocks although Polycab is quoting at a high valuation, business growth ther will double every two-and-a-half, three years from now on. Supreme Industries and Astral are the other two stocks he will definitely buy fresh on every correction.

PI Industries Ltd. slipped 0.28 per cent to Rs 3649.95 in Tuesday's trade as of 01:55PM (IST). It hit a high of Rs 3675.3 and low of Rs 3585.5 during the session. The stock quoted a 52-week high price of Rs 4032.0 and a low of Rs 3060.0. The return on equity for the stock stood at 17.07 per cent. About 6,019 shares have changed hands on the counter so far.

profit expectations. However, growth has primarily been led by the BFSI and Automobile sectors. The earnings growth was fuelled by the domestic cyclicals, such as BFSI and Auto.

₹49 crore for the March quarter of the last financial year (Q4FY24). The company reported a one-time loss of ₹42.3 crore. The company had reported a profit of ₹60 crore in the same quarter last year, while in the December quarter of FY24, the company's profit was ₹5 crore.

demat accounts will take place today, Tuesday, May 14. The process of refunding those who have not yet received their shares will likewise be completed today. TBO Tek IPO registrar is Kfin Technologies Ltd.