UPS Financial News
30.09 / 09:13
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Buy Adani Energy Solutions, target price Rs 1,318: ICICI Securities
ICICI Securities has buy call on Adani Energy Solutions with a target price of Rs 1,318. The current market price of Adani Energy Solutions is Rs 1010.2. Adani Energy Solutions Ltd., incorporated in the year 2013, is a Large Cap company (having a market cap of Rs 121227.44 Crore) operating in Power sector. Adani Energy Solutions key Products/Revenue Segments include Traded Goods, Sale of services and Income From Construction Work for the year ending 31-Mar-2024.
30.09 / 09:13
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IT firm UST to add over 3,000 jobs in Kochi centre
UST said on Monday that it is expanding its presence in India by adding over 3,000 new jobs at its upcoming Kochi campus in the next five years. The IT firm has set its target to have 6,000 employees, up from the current level of 2,800 in the next five years at its Kochi centre. The firm will inaugurate its second own campus in Kochi by December 2027, the company said in a statement. The company laid the foundation stone for the new Kochi campus that is coming up in a 9-acre land at Infopark Kochi Phase 2 and the new UST campus will be completed in three years. “When the Kochi campus goes on stream, it will become the second owned campus in India for UST after Thiruvananthapuram”, added the firm. While UST’s Trivandrum centre has about 7500 employees and is the largest centre globally, UST Bengaluru has over 6,500 employees. Across India, the IT firm has more than 20,000 employees.
30.09 / 08:09
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REC shares up 0.16% as Nifty drops
REC Ltd. gained 0.16 per cent to Rs 561.0 in Monday's trade. It hit a high of Rs 564.1 and low of Rs 550.1 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 511.89, while the 50-DMA was at Rs 588.88. 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.
30.09 / 08:09
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ICICI Lombard shares down 1.14% as Nifty falls
ICICI Lombard General Insurance Company Ltd. rose 1.14 per cent to Rs 2211.05 in Monday's trade. It hit an intraday high of Rs 2238.7 and low of Rs 2189.35, respectively, during the day. The stock quoted a 52-week high price of Rs 2285.85 and low of Rs 1266.0.
30.09 / 07:41
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Share price of Lupin falls as Sensex drops 964.5 points
Lupin Ltd. dropped 0.96 per cent to Rs 2200.05 at 12:48PM (IST) in Monday's trade. The scrip has hit a high of Rs 2217.7 and low of Rs 2171.25 so far during the session. The stock had closed at Rs 2221.5 in the previous session. The counter has had a total traded volume of 26947 shares so far with a value of Rs 5.91 crore on the NSE. It traded at a price-to-earnings multiple of 44.33 and a price-to-book ratio of 5.16.
30.09 / 07:41
30.09 / 07:41
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Aditya Arora on top stock pick from cement sector
«So, from today onwards 26,500 is an important mark which was a high for Friday. Post that gap up, we have filled that gap and we are still continuing with the downside. So, I believe now 26,400, 26,500 is an important resistance point on Nifty Futures,» says Aditya Arora, Adlytick. First of all, help us with your take on the benchmark indices because believe that you were not holding that positive stance on the markets. Given the fall, help us understand how do you see the markets moving ahead? Are we in for some more correction or the markets can find some ground here? Aditya Arora: Look, today tables have turned and it is an important pivot point because since last 20-30 days midcaps and smallcaps were underperforming and largecaps were outperforming. Today it is an important reversal day wherein largecaps are underperforming. Look at Reliance Industries, it has given up all the gains which it had made on Friday, so that is important and look at other IT majors also, they are also underperforming.
30.09 / 07:37
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Savvides set to change name of Whitmore's UK Special Sits fund as he assumes control
Whitmore, who has worked at Jupiter for over 17 years, announced back in January that he was leaving to set up his own boutique firm, Brickwood Asset Management. His departure date is set for «at least» 31 October, having been pushed back from the end of July to «facilitate a seamless handover with his successors», Jupiter previously said. JO Hambro's Savvides to take on Jupiter UK special sits as Ben Whitmore departs to launch boutique Savvides, who has long specialised in special situations and value investing, joins from JO Hambro where he ran the firm's UK Dynamic fund, but lef...
30.09 / 07:21
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This week: job openings, Nike earnings and September jobs report
On Tuesday, the Labor Department releases data on job openings for August and shoe giant Nike reports its latest quarterly results
30.09 / 07:17
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Market looks risky; time to be little conservative and have some fixed income allocation: Dhirendra Kumar
«Wherever anybody invested, one has made money. Not only that, last three-four years, I do not think at any point in the last three-four years, we have not had this discussion that market looks expensive,» says Dhirendra Kumar, CEO, Value Research. There is a time when you buy equities, you would be disproportionately rewarded. But there are times when you invest into equities, your future returns will get compromised. Are we in that phase for next three years where every equity investor now needs to take a hard look at their asset allocation toward equities and say, okay, it has been good last two or three years, it is time for me to check my equity allocation. Maybe 15, if not 15, at least 10% should be moved into fixed income instruments. Dhirendra Kumar: It does depend on how experienced that investor is. If that investor came three years ago, it would be very difficult for anybody to persuade him to move to fixed income because he has just been used to a different kind of market.
30.09 / 07:17
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Uttar Pradesh teen arrested for placing cement pillar on railway track in Raivara
cement pillar on the railway track of the Jhansi-Prayagraj route, officials said. The incident was reported after a loco pilot of the passenger train 11801, en route from Jhansi to Prayagraj, noticed the obstruction near Raivara village. The pilot promptly applied emergency brakes and informed the control room. The railway personnel, including Government Railway Police (GRP), Railway Protection Force (RPF), and local police, arrived at the site and removed the cement pillar. The boy, who was grazing animals nearby, was detained and questioned by the police. During the interrogation, he admitted to placing the pillar on the track as a prank. Kabrai police registered a case based on the complaint filed by Rail Path Inspector Rajesh Kumar. «A case has been registered against the teenager under section 327 of the Bharatiya Nyaya Sanhita for mischief with intent to endanger safety, and under section 150 of the Railways Act for attempted wrecking of a train,» Additional Superintendent of Police (ASP) Vandana Singh told Times of India.
30.09 / 07:17
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Crompton Greaves shares down 0.84% as Nifty drops
Crompton Greaves Consumer Electricals Ltd. traded 0.84 per cent down in Monday's trade at 12:26PM (IST). Around 23,797 shares changed hands on the counter. The scrip opened at Rs 424.8 and touched an intraday high and low of Rs 426.0 and Rs 418.45, respectively, in the session so far. Shares of the company of Crompton Greaves Consumer Electricals Ltd. quoted a 52-week high of Rs 483.65 and a 52-week low of Rs 262.1.
30.09 / 05:59
30.09 / 05:15
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AI and globalisation are shaking up software developers’ world
Subscribe to enjoy similar stories. Two big shifts are under way in the world of software development. Since the launch of ChatGPT in 2022, bosses have been falling over themselves to try to find ways to Github, a popular platform for storing and sharing code, living in poorer countries surpassed those from the rich world.
30.09 / 05:07
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ACC shares up 1.88% as Nifty drops
ACC Ltd. traded 1.88 per cent up in Monday's trade at 10:19AM (IST). Around 10,786 shares changed hands on the counter. The counter opened at Rs 2490.2 and touched an intraday high and low of Rs 2531.0 and Rs 2470.0, respectively, in the session so far. The stock of ACC Ltd. quoted a 52-week high of Rs 2843.0 and a 52-week low of Rs 1803.8.
30.09 / 05:07
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Vedanta share price up 1.16 per cent
Vedanta Ltd. traded 1.16 per cent up at Rs 518.8 at around 10:24AM (IST) on Monday. The stock had closed at Rs 512.85 in the previous session. Equity benchmark Sensex traded 690.52 points lower at 84881.33 around the same time.
30.09 / 04:51
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Crypto Billionaire Changpeng Zhao Promises More Blockchain Investment After US Custody Release
Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.
30.09 / 03:23
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Lava Agni 3 India launch on October 4: Processor, display, camera details and everything expected
Lava Agni 3, the phone can be seen with curved edges on the back and a rectangular camera island. Rumours suggest that the phone could come with a customisable button similar to the 'Action Button' on the iPhone 16 series. Furthermore, the Agni 3 could come with a display on the back, similar to what we saw on the Xiaomi 11 Ultra in the past.
30.09 / 03:23
30.09 / 03:23
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The art of reviving a dying organisation
Subscribe to enjoy similar stories. In a renewal, a company tries to find new growth opportunities with its existing products and business model, using rebranding and redesign to expand its market. In a revamp, a company reaches further, with new products and services, new markets, and new business models driving growth.
30.09 / 02:29
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Interstate is closed outside Atlanta as residents evacuate due to a chemical plant fire
Some residents east of Atlanta were evacuated and others told to shelter in place after a fire at a chemical plant
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