UPS Financial News

Investing.com-- While the Bank of Japan raised interest rates for the first time in 17 years on Tuesday and signaled an end to its negative rates and yield curve control policies, ANZ analysts said that the bank will need much more convincing to hike rates further. 

Colgate-Palmolive (India) with a target price of Rs 2885. The current market price of Colgate-Palmolive (India) is Rs 2663.95. Colgate-Palmolive (India) Ltd., incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 72670.48 Crore) operating in FMCG sector.

Zee Entertainment Enterprises Ltd. dropped 0.17 per cent to Rs 142.85 at 10:35AM (IST) in Tuesday's trade. The stock has hit a high of Rs 144.75 and low of Rs 141.25 so far during the session. The stock had closed at Rs 143.1 in the previous session. The counter has had a total traded volume of 457157 shares so far with a value of Rs 6.54 crore on the NSE. It traded at a price-to-earnings multiple of -202.0 and a price-to-book ratio of 1.9.

equity mutual funds have offered negative returns in one horizon, except for international funds and large cap funds, data crunching by ETMutualFunds showed. Small cap funds were the worst hit, with -5.65% return in one month horizon. Energy & Power funds gave a negative return of around 3.46%. Pharma & Health Care funds lost around 3% in one month. Mid Cap Funds lost 2.86% during the same time period.

artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such as Nvidia. The funds run the gamut from those offering a bouquet of the biggest AI winners to more esoteric themes such as robotics and sound generation. All told, the universe of AI-themed ETFs traded in the United States has soared to $6.88 billion as of the end of February from $2.55 billion a year earlier, Morningstar data showed.

HEG with a target price of Rs 2220. The current market price of HEG Ltd. is Rs 1830.4. HEG Ltd., incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 7045.80 Crore) operating in Industrial Consumables sector.

SINGAPORE (Reuters) -Oil prices dipped on Tuesday due in part to the prospect of rising supply from Russia, slower-than-expected downstream demand in sectors such as jet fuel, and cautious trading ahead of the Fed's decision on U.S. interest rates.

By Suzanne McGee

Bajaj Holdings & Investment Ltd. gained 0.35 per cent to Rs 8234.25 in Tuesday's trade. It hit a high of Rs 8308.15 and low of Rs 8050.05 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 7577.22, while the 50-DMA was at Rs 8491.05. 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.

Shriram Finance Ltd. gained 0.5 per cent to Rs 2321.0 in Tuesday's session as of 10:15AM (IST) even as the equity benchmark Sensex traded 528.73 points lower at 72219.69. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 2535.0 and a 52-week low of Rs 1202.8 on NSE. Around 5277 shares changed hands on the counter till 10:15AM (IST).

Sanjiv Bhasin, Director, IIFL Securities, says in power, “we would place our bets on NTPC, but REC, PFC would be our two top picks. We think this quarter’s results will be the best ever in the history of the company and like I said, diversification across the board in all power verticals is seeing very good upside on revenues and net interest income and margins.” Bhasin further says is very bullish on ICICI, Axis, HDFC and Kotak and thinks Federal Bank will be a key beneficiary of expansion of gold loans. Also, RBL Bank is giving a very good opportunity. Your portfolio should do well if it contains 4-5 of these large and midcap stocks.

Companies say it is a win-win for them too as they get to retain valuable talent, cultivate a more skilled workforce from within, and save time and money on external hiring.

Raw wrestling held Monday night, DIY defeated The Creed Brothers via pinfall. In yet another match, Candice LeRae & Indi Hartwell thrashed Katana Chance & Kayden Carter via submission, 'Sportskeeda' reports. Similarly, Ricochet beat Dominik Mysterio via pinfall, while Awesome Truth defeated Indus Sher via pinfall. In other fights held in the same night, New Day defeated Alpha Academy via pinfall while Becky Lynch thrashed Nia Jax.

InterGlobe Aviation Ltd. rose 1.35 per cent to Rs 3292.0 at 10:00AM hours (IST) on Tuesday. 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 18,546 shares with a turnover of Rs 6.13 crore till 10:00AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 17.75, while the price-to-book value ratio stood at -11.79.

investors continue to pour money into stocks and equity funds, asset managers are raising more cash in their portfolios. February month data shows that the total cash pile at equity mutual funds rose for the second consecutive month to 4.82% of total assets under management (AUM) at Rs 1.33 lakh crore. SBI Mutual Fund was sitting at a war chest of Rs 25,100 crore and ICICI Prudential AMC Rs 21,700 crore. HDFC Mutual Fund's cash pile of nearly Rs 19,000 crore is about 6.8% of its AUM, shows data pulled from ACE Equity.

graphite. Graphjet Technology said it can turn palm kernels into graphite — an essential component in EV battery anodes — from its facility in Malaysia, one of the world’s top producers of palm oil. The company, which started trading on Nasdaq Friday, expects to begin producing the ingredient in the second quarter, targeting an annual capacity of 3,000 tons, according to Chief Executive Officer Aiden Lee. Synthetic graphite, which accounts for most of global production, is typically made from petroleum coke, in an expensive and carbon-intensive process. Graphjet says its process cuts the carbon footprint by 83% while reducing costs by 80%.

yen weakened while Japan's Nikkei share average swung between small gains and losses after the Bank of Japan on Tuesday announced an end to its long-running ultra-accommodative stimulus programmes, as widely expected. The central bank ended its negative short-term interest rate policy (NIRP) and yield curve controls (YCC), as well as dropping purchases of risky assets, including exchange-traded funds (ETFs).

Sanjeev Bikhchandani, Co-Founder, Info Edge, talking to ET Now at the sidelines of startup mahakumbh says: “McKinsey in collaboration with CII released a report about which there was a discussion here also, which is called Unicorn 2.0 and that report said that in the last 10 years, roughly 13% to 15% of India's GDP growth has come from the startup ecosystem. In my view, that is a conservative estimate and this number is likely to go up as we go along”.

The Nifty future closed flat at 22134 levels on Monday. India VIX was up by 1.50% from 13.69 to 13.90 levels.

Gurmeet Chadha, Managing Partner, Complete Circle Consultants, says “you can do some bit of bottom fishing in the mid and smallcaps space in railway, defence stocks and some of the auto ancillary stocks. There have been very good corrections there but be a little more patient. It may not just come up the way you are used to seeing it last year.” Let us talk about chemicals. Do you think now these chemical stocks, the sector as a whole, could see a turnaround coming in in a slow and steady way? Gurmeet Chadha: Business performance wise, you probably will have another quarter or two. I think most of the inventory destocking has happened. It is a very cyclical sector for most chemicals except for a few certain chemistries and there is the factor of China dumping. I think in a few spaces you will find government intervention as well. But I also think that the bad news is in the price in most such names. We saw Aarti moving up when post earnings came in last month in February. One has to be selective here. You can also look at agrochemicals with now election season coming. So, we are looking at something like Tata Chemicals.

Archean Chemical Industries with a target price of Rs 693. The current market price of Archean Chemical Industries Ltd. is Rs 613.6. Archean Chemical Industries Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 7650.61 Crore) operating in Chemicals sector.