UPS Financial News

For some, it's a bubble, for others, it's a huge investment opportunity. Bitcoin went a lot further than many would have imagined in January 2009, but it has yet to show its full potential. 

Lupin fell 5% to Rs 1,598.3 in Tuesday's trade on BSE despite the pharma firm reported a 52% year-on-year (YoY) growth in its consolidated net profit at Rs 368 crore for the quarter ended March 2024. The same stood at Rs 242 crore in the last year quarter. Its revenue from operations in the same period jumped 12% YoY to Rs 4,961 crore as against Rs 4430 crore in the corresponding period of last year.

Bharat Forge Ltd. traded at Rs 1234.0 on BSE at 12:22PM (IST) on Tuesday, down 1.12 per cent from previous close. The scrip quoted a 52-week low price of Rs 753.1 and a high of Rs 1330.0.

Tata Elxsi Ltd. traded 0.51 per cent down at Rs 7051.25 on Tuesday at around 12:27PM (IST), while the benchmark BSE Sensex declined 427.29 points to 73468.25. As many as 7,207 shares changed hands on the counter with a total value of Rs 5.08 crore.

Pidilite Industries Ltd. traded 0.0 per cent in Tuesday's trade at 12:12PM (IST). Around 3,002 shares changed hands on the counter. The stock opened at Rs 2950.3 and touched an intraday high and low of Rs 2964.95 and Rs 2932.0, respectively, in the session so far. Shares of the company of Pidilite Industries Ltd. quoted a 52-week high of Rs 3116.0 and a 52-week low of Rs 2293.1.

economic growth is faltering. For decades, the rapid inflow of migrants helped countries including Canada, Australia and the UK stave off the demographic drag from aging populations and falling birth rates. That’s now breaking down as a surge of arrivals since borders reopened after the pandemic runs headlong into a chronic shortage of homes to accommodate them. Are you immigration ready? Find out Canada and Australia have escaped recession since their Covid contractions, but their people haven’t with deep per-capita downturns eroding standards of living. The UK’s recession last year looked mild on raw numbers but was deeper and longer when measured on a per-person basis.

Ambuja Cements Ltd. traded at Rs 597.0 on BSE at 11:47AM (IST) on Tuesday, down 1.47 per cent. The stock quoted a 52-week low price of Rs 395.95 and a high of Rs 649.0. Earlier in the day, the stock saw a gap up opening.

InterGlobe Aviation Ltd. traded 1.32 per cent down in Tuesday's trade at 11:57AM (IST). Around 12,950 shares changed hands on the counter. The scrip opened at Rs 4002.4 and touched an intraday high and low of Rs 4040.85 and Rs 3930.0, respectively, in the session so far. Shares of the company of InterGlobe Aviation Ltd. quoted a 52-week high of Rs 4188.15 and a 52-week low of Rs 2158.85.

Noida based real estate developer County Group plans to deliver over 4 million sq ft across three housing projects in 2024, overcoming the challenges faced during Covid. The region where majority of the projects are stuck and buyers are waiting for delivery for over a decade, has seen very few delivered projects since Covid.

Aavesham OTT release date: The Blockbuster Malayalam movie Aavesham, starring Fahadh Faasil, is still running in theatres. It was released on April 11. In fact, as per Sacnilk, it earned ₹1.10 crore on the 26th day.

The European Court of Human Rights recently ruled in favour of KlimaSeniorinnen (Senior Women for Climate Protection), an association of more than 2,000 Swiss women, all above the age of 64, who had filed a case against the Swiss government for its failure to cut greenhouse gas emissions, which has put them at a greater risk of dying during heatwaves because of their age and gender. The ruling made the Swiss government accountable for violating its citizens’ Right to Life and Health, and created a binding legal precedent for all 46 countries that are part of the European Convention on Human Rights.

The recent news on the re-introduction of inheritance tax has made a lot of people panic. However, it needs to be noted that news like this often circulates every few years.

gold in the last one week has been 0.63% .whereas in the last month it has been -2.7%. The cost of silver is Rs.84100.0 per kg up by Rs.1200.0 per kg. Gold Price Today in Delhi is ₹73683.0/10 grams.

Securing a personal loan with a poor credit history may necessitate additional measures, but it remains achievable. A poor credit score can pose challenges, but there are strategies to enhance your approval prospects. Here are several steps you can consider:

Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50, kicked off Tuesday's trading session with modest gains amid positive global cues on reaffirmed optimism that major central banks will begin cutting interest rates this year. The initial gains were led by FMCG and PSU Bank stocks. The 30-share BSE Sensex opened higher by 77.76 points, or 0.11%, at the 73,973.30 level, while the Nifty 50 started off at the 22,489.75 level, up 47.10 points, or 0.21%.

Also Read: Lok Sabha Polls 2024: 6 contests in UP to watch out for in Phase 3 voting today— Yadavs, BJP heavyweights in the fray The Met Department stated that thunderstorms are likely in the region over the next few days. However, six people, including a married couple, died in thunderstorms in south Bengal. A cyclonic circulation over south Jharkhand and substantial moisture incursion from the Bay of Bengal will bring thunderstorms with lightning and gusty winds to various districts of West Bengal, reported PTI, quoting the weather office.

Deepak Shenoy, Founder, Capital Mind, says “I believe longer term, LIC is still a good play. Even from here, the fourth quarter is likely to be pretty good because they recognise a certain set of revenues only in the fourth quarter related to their participating policies, the 7.5% of profit that they will share with shareholders is taken out entirely in the fourth quarter, so that will be a fairly large chunk to add. Also we are still buying BSE because despite what happened recently in terms of SEBI giving them a notice about paying up for the options volumes on a notional basis rather than on a premium basis, they have increased their rates and perhaps are going to recover any future charges from customers directly.”

Mahindra Financial Services Ltd. is Rs 255.05. Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 32105.24 Crore) operating in NBFC sector.

Birla Corporation Ltd. with a target price of Rs 1800. The current market price of Birla Corporation Ltd. is Rs 1516.1. Birla Corporation Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 11898.87 Crore) operating in Cement sector.

equity indices opened marginally higher on Tuesday, mirroring a surge in global stocks driven by renewed confidence that major central banks worldwide will initiate interest rate cuts this year. At the opening bell, the BSE Sensex advanced by 60 points or 0.08%, hovering at 73,956, while the Nifty50 traded at 22,470, up by 28 points or 0.12%, around 9.18 am.

Shreyash Devalkar, Senior Fund Manager, Axis Mutual Fund, says “in the relative context, the three main segments by weight in the largecap are FMCG, private sector banks, and some parts of IT. Here the valuations compared to their pre-Covid level are not really elevated and that is where everyone is watching out for a turnaround. Any turnaround, whenever it happens, definitely is a good development for these sectors.” What are you making of the volatility which has suddenly sprung up? It has become a pattern almost that the day the markets hit a lifetime high, that very day they also fall quite a bit. Shreyash Devalkar: As far as markets are concerned, when it comes to the movement, which we have observed over the last 1-3 year basis is that most of the stocks are pricing in a lot of positivities and especially from the valuation perspective, they are at an elevated level in mid, small and a section of largecaps as well.