UPS Financial News

Colgate-Palmolive (India) Ltd. gained 1.11 per cent to Rs 2649.95 at 01:03PM (IST) in Wednesday's trade. The scrip has hit a high of Rs 2649.95 and low of Rs 2605.0 so far during the session. The stock had closed at Rs 2620.75 in the previous session. The counter has had a total traded volume of 9297 shares so far with a value of Rs 2.43 crore on the NSE. It traded at a price-to-earnings multiple of 56.6 and a price-to-book ratio of 23.88.

LTIMindtree Ltd. gained 0.23 per cent to Rs 4902.65 in Wednesday's trade. It hit a high of Rs 4908.6 and low of Rs 4875.15 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 5357.63, while the 50-DMA was at Rs 5248.18. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Marico Ltd. rose 0.38 per cent to Rs 511.6 at 12:37PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 18,923 shares with a turnover of Rs 0.97 crore till 12:37PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 45.37, while the price-to-book value ratio stood at 16.29.

Havells India Ltd. traded at Rs 1508.6 on BSE at 12:48PM (IST) on Wednesday, down 0.27 per cent from previous close. The scrip quoted a 52-week low price of Rs 1158.5 and a high of Rs 1590.9.

Bitcoin’s “halving” later this month, a software code update that is being championed as a catalyst for further price increases, may already be factored in to a degree, according to the head of the largest US crypto miner. The original cryptocurrency has rallied more than 60% since the start of the year, driven by optimism over record demand for US exchange traded funds that hold the tokens directly. Bitcoin prices have tended to rise in the months after the three previous halving, which takes place every four years.

Cholamandalam Investment & Finance Company Ltd. traded at Rs 1199.0 on BSE at 12:43PM (IST) on Wednesday, down 0.9 per cent from previous close. The scrip quoted a 52-week low price of Rs 815.3 and a high of Rs 1309.75.

Prime Minister Narendra Modi turned up in veshti for the second consecutive day on Wednesday while campaigning for NDA candidates in Tamil Nadu and wished people of the state advance New Year greetings while emphasising the historical significance of Vellore in shaping the future of the state. Addressing a public rally in Vellore, PM Modi said, "...Our New Year is starting from 14th April. I wish you all a very very Happy New Year" and said he is confident that the coming year will further strengthen the journey of Tamil Nadu's development. Begining his speech with a 'vanakam' to Tamil brothers and sisters, PM Modi sought forgiveness for being unable to speak in the Tamil language.

Siemens Ltd. traded 0.01 per cent lower in Wednesday's session at 11:51AM (IST). The stock opened at Rs 5627.3 and has touched an intraday high and low of Rs 5627.3 and Rs 5589.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 5772.6 and a 52-week low of 3240.0. About 1,268 shares changed hands on the counter so far.

Ashok Gehlot is leaving no stone unturned for the victory of his son Vaibhav Gehlot who is contesting from Jalore-Sirohi Lok Sabha constituency in Rajasthan on a Congress ticket. The party leaders from the two districts of Jalore and Sirohi, including former cabinet ministers, Ashok Gehlot's confidantes and members of his family have joined him in campaigning extensively for Vaibhav Gehlot. Ashok Gehlot's son had lost the 2019 Lok Sabha elections against Union minister Gajendra Singh Shekhawat from the Jodhpur constituency. A party leader said since it is the question of the future of his son, Ashok Gehlot is not willing to take chances and has roped in almost every heavy weight from the party for his son's campaigning.

Trent Ltd. gained 1.21 per cent to Rs 3946.0 at 11:36AM (IST) in Wednesday's trade. The stock hit a high of Rs 3963.35 and low of Rs 3905.5 so far during the session. The stock had closed at Rs 3898.8 in the previous session. The counter had a total traded volume of 11:36AM shares so far with a turnover of Rs 1.89 crore on BSE. The stock traded at a price-to-earnings multiple of 166.71 and a price-to-book ratio of 18.83.

CCTV, was reported from Ghaziabad, neighbouring Delhi. The boy, Altaf, is floored as the pit bull charges on him, shows the video, with a man and a woman watching from far but not intervening. Kicking furiously, the boy rolls around the ground trying to get the dog off him, shows the clip. Someone threw water to distract the dog. The boy manages to get up, and runs to safety with the dog still following him.

DLF Ltd. traded 0.5 per cent up at Rs 914.95 on Wednesday at around 11:21AM (IST), while the benchmark BSE Sensex advanced 184.19 points to 74867.89. As many as 27,320 shares changed hands on the counter with a total value of Rs 2.5 crore.

Google made big bang announcements on Tuesday to make cloud computing more affordable and monetise its cloud offerings. Among several key AI-based product launches and use case demos, Google Cloud CEO Thomas Kurian, at its annual Google Cloud Next 2024 in Las Vegas, announced Axion Processor, its first custom Arm-based (ARM) chip or central processing unit (CPU) designed for data centres.

Ambuja Cements Ltd. gained 0.15 per cent to Rs 624.25 in Wednesday's trade as of 11:31AM (IST). It hit a high of Rs 628.5 and low of Rs 620.1 during the session. The stock quoted a 52-week high price of Rs 640.95 and a low of Rs 373.3. The return on equity for the stock stood at 9.67 per cent. About 34,507 shares have changed hands on the counter so far.

Phoenix Mills Ltd.(up 3.82 per cent), Macrotech Developers Ltd.(up 1.38 per cent), Sobha Ltd.(up 1.16 per cent), Prestige Estates Projects Ltd.(up 0.54 per cent) and Mahindra Lifespace Developers Ltd.(up 0.46 per cent) were among the top gainers.

Bank of Baroda traded 1.07 per cent up at Rs 268.2 on Wednesday at around 11:26AM (IST), while the benchmark BSE Sensex advanced 157.81 points to 74841.51. As many as 100,901 shares changed hands on the counter with a total value of Rs 2.69 crore.

While speaking to the design team at Flipspaces, we uncovered the secret sauce behind the awe-inspiring designs that we see. The journey started with an immersive engagement with the BFIL team, where Flipspaces conducted extensive focus group discussions to grasp the diverse aspirations across multiple stakeholders. This research-driven approach served as the cornerstone for coming up with the winning formula of a vibrant, biophilic, and rural-themed design. These three themes are beautifully complimented in every nook of the office across meeting rooms, reception, workstation bays and breakouts. The moment you enter the office you will be welcomed by rural-themed murals representing various facets of rural India, empowerment of which is the vision of the BFIL brand. The meeting rooms depict art and culture of various states where BFIL is present, through interesting wall graphics and artefacts. Biophilia is a common thread in high-density zones such as workstation areas, where the natural greens give a soothing effect to the eyes. Across the office, we see colour-blocking at its best through vibrant hues to break the monotony.

NLC India Ltd.(up 4.82%), Jyoti Structures Ltd.(up 4.00%), Transformers & Rectifiers(India)Ltd.(up 3.18%), Kalpataru Projects International Ltd.(up 3.08%), Suzlon Energy Ltd.(up 2.94%), Energy Development Company Ltd.(up 2.39%), JSW Energy Ltd.(up 1.87%), Indo Tech Transformers Ltd.(up 1.69%), PTC India Ltd.(up 1.50%) and Orient Green Power Company Ltd.(up 1.17%) were among the top gainers.

On the BSE, Reliance Infra(down 19.98 per cent), Jayatma Industries(down 19.92 per cent), Indong Tea Company L(down 13.04 per cent), Polymac Thermoform(down 11.81 per cent) and Northern Spirits(down 10.00 per cent) were among the stocks that plunged over 5 per cent during the session.

Jefferies has reiterated its buy stance on state-run Coal India (CIL) and two private sector players viz. Tata Steel and Hindalco Industries amid signs of optimism in the metal space. Meanwhile, the US brokerage has maintained a 'hold' view on JSW Steel. In Jefferies' view, the global recovery in manufacturing including one in China is driving the sector and there are now signs of a rising trade.