UPS Financial News

Angel One witnessed a significant decline in its stock value early on Tuesday following the company's release of Q3 FY24 numbers on Monday post-market hours. The company reported a net profit of ₹260 crore in Q3FY24, reflecting a 14.50% quarter-on-quarter (QoQ) decrease but showing a positive 14% year-on-year (YoY) improvement. Its total revenue from operations for Q3FY24 increased by 1% QoQ and 41% YoY, reaching ₹1,059 crore.

Tesla. "I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned.

Cost of Living LIVE Updates January 16: The cost of living is the amount of money one needs to survive in a given place – and one's most essential needs such as food, water, housing, taxes, cost of commute, healthcare, etc. The high rate of inflation has pushed up the cost of living across the globe, burning a hole in the common man's pocket.

₹56 apiece on NSE SME, a premium of 10% to the issue price of ₹51 apiece. The stock quickly jumped to ₹58.80 after hitting the secondary market. The ₹33.41 crore SME IPO was open for subscription between January 9 and January 11, 2024, at a price band of ₹51 apiece.

Ram Mandir Pran Pratishtha that is scheduled to take place on January 22 in Ayodhya. They expressed their displeasure that the consecration ceremony didn't follow the rules of Sanatan Dharma. Union Minister Narayan Rane reacted to Shankaracharyas' decision saying they should bless the Ram Temple instead of criticizing some aspects and accused them of looking at Prime Minister Narendra Modi and the BJP through a "political prism".

₹449.75 in early trade on Tuesday, January 16 a day after the company's announcement regarding dividend payment. Aster DM Healthcare share price opened at ₹448.10 against the previous close of ₹398.85 and soon jumped 12.8 per cent to the level of ₹449.75 on Tuesday.

Ukrainian President Volodymyr Zelenskyy is headlining a frenzied first full day of the World Economic Forum’s annual meeting in the Swiss ski resort of Davos

Chinese law enforcers say they have shut down a gang that was using digital yuan wallets to launder money.

Transport Corporation of India with a target price of Rs 990. The current market price of Transport Corporation of India is Rs 832.15. Transport Corporation of India Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 6431.15 Crore) operating in Logistics sector.

Vinay Jaising, MD, JM Financial Services, says “we are still a lot more comfortable in a lot of mid and smallcap names wherein we are seeing earnings visibility leading to earnings growth drivers. If earlier you had an EPS of a company which was X and that is going up by 20 to 25%, your new PE may not be as high as what you are expecting. So for us, it is all about bottom-up fishing and looking at stocks where valuations are not expensive. Is valuation becoming a bit of an issue now for your stock picking process because I am sure the flows are good and plus your existing portfolio would also be expanding due to market going higher? How are you dealing with the challenge of rising valuations? Vinay Jaising: As you put it, valuations are close to peak for many stocks. People say largecap valuations are a little cheaper than what they were in the past or on a relative basis, you know, probably cheaper. If I would take the Nifty50 and take the seven largecap stocks which grew, I would say, at much lower rates last year of 7-8%, rest of the 43 stocks grew by over 30%. So valuations all over are an issue.

CBI), the Enforcement Directorate (ED), and the National Investigation Agency (NIA) to the United Kingdom, in a bid to speed up the extradition of Indian fugitives, including the likes of diamond trader Nirav Modi and Kingfisher's Vijay Mallya. According to a Times of India report, sources told the publication that a senior officer from the foreign ministry is heading the team, which is set to meet with UK authorities via the Indian High Commission in London.

Devang Mehta, Director — Equity Advisory, Spark Private Wealth, says “there are a couple of themes in the pharma space where we have been bullish through the last 6-9 months. These have been MNC pharma companies like Abbot India. These companies probably command a huge market share. These companies are sort of cash cows and work with a negative working capital cycle. These companies never get into fracas with USFDA. Most of these companies come up with not only a great set of earnings but also the margins are very impressive. The other stream of business which we like is the CRAM space where something like a Syngine operates.” What are your thoughts on Polycab or if you are unable to talk about exactly on Polycab, some of these large wires and cable companies who in the last 5-7 years, have shown earnings growth and have made a place for themselves in this sector? Devang Mehta: We have been liking the space so, particularly would not like to name any stock as such. But with the plethora of businesses in the wire and cable space, these companies have developed themselves from a normal cable and wire company which was a commoditized type of business, to branded businesses with pricing power. Some of these brands are very well-known in the market for Havells, for Polycab, for RR Kabel.

PNB Housing Finance with a target price of Rs 1025. The current market price of PNB Housing Finance Ltd.

companies will survive the coming decade without a major overhaul because of pressure from climate change and technology like artificial intelligence, according to a new survey of CEOs by one of the world's largest consulting firms, PwC. The survey of more than 4,700 CEOs worldwide was released Monday as business elites, political leaders and activists descended on the World Economic Forum's annual meeting in Davos, Switzerland, and it showed a mixed picture of the coming years.

The Nifty future closed positive with gains of 0.88% at 22140 levels on Monday. India VIX was up by 5.27% from 13.10 to 13.79 levels. Volatility was slightly on the rise and created momentum at lifetime high zones. Positive setup was seen in OFSS, Glenmark, Aurobindo Pharma, Granules, ONGC, Indian Hotels, Rec Ltd, BEL, Bharti Airtel, PFC, Godrej Properties, IRCTC, RIL, UBL, Apollo Hospital etc. On the weekly options front, the maximum Call OI is placed at 22500 strikes and then towards 22300 strikes while the maximum Put OI is placed at 22000 strikes and then towards 21800 strikes. Call writing is seen at 22800 strikes and put writing is seen at 22000 strikes. “Options data suggests a broader trading range in between 21500 to 22500 zones while an immediate trading range in between 21800 to 22300 zones,” Chandan Taparia, Senior Vice President | Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a bullish candle on the daily scale on Monday with a long lower shadow which indicates that every small decline is being bought in the market,” he said. “Now the index has to hold above 22000 zones, for an up move towards 22222 then 22350 zones while on the downside support exists at 21950 and 21850 zones,” recommended Taparia. We have collated a list of stocks from the F&O basket along with cash market from various experts for traders who have a short-term trading horizon:

Gold fell slightly on Tuesday as the U.S. dollar and Treasury yields jumped, with investors awaiting comments from a host of Federal Reserve speakers this week for more clarity on the central bank's interest rate trajectory.

India may only result in mild gains for the rupee as the nation’s central bank will likely continue to grip the currency tightly. On its own, the stars are aligned for the rupee — prospects of large bond and stocks inflows on the back of JPMorgan Chase & Co’s inclusion of Indian debt in its emerging market index as well as a global risk-on sentiment. Yet analysts are reluctant to call a sizeably stronger rupee, which has traded within a very narrow range over the last year despite large inflows into India’s equity and debt markets. While the central bank seems to have eased a bit on its intervention lately — the rupee has turned into Asia’s top performer so far this month — limiting the swings in the currency may continue to be a prime focus. “The Reserve Bank of India will let the rupee appreciate only gradually,” said Dhiraj Nim, economist and forex strategist at Australia & New Zealand Banking Group.

₹8.3 lakh per year can afford luxury cars, a quick pace of upward mobility spells optimism over big-ticket purchases ahead. If Mercedes logged sales in 2023 that amount to 87% of its annual capacity of 20,000 units, as reported, it would need to scale up local assembly soon. Where EV models figure in its new roll-out mix may depend on the carmaker’s supply outlook.

₹10 per equity share to ₹2 per share. The record date to ascertain the eligibility of shareholders for the stock split has been fixed on January 16. In a stock exchange filing, Trishakti Industries Ltd said: “In connection with the Letter submitted dated 30-12-2023, for intimation of Stock Split/Sub Division of Shares.

Sensex surged 759.49 points, or 1.05%, to end at 73,327.94, while the Nifty 50 ended 202.90 points, or 0.93%, higher at 22,097.45. Nifty 50 formed a reasonable positive candle on the daily chart with gap up opening and with lower shadow. Technically, this pattern indicates confirmation of sharp upside breakout of the important hurdle.

OnePlus 12 and OnePlus 12R smartphones on January 23. The Buds 3 feature a 10.4mm composite diaphragm driver and come with up to 44 hours of battery life. The OnePlus TWS are IP55 rated and come with support for LHDC 5.0 audio and Bluetooth 5.3.