UPS Financial News

Bajaj Holdings & Investment Ltd. slipped 0.87 per cent to Rs 9690.1 in Wednesday's trade as of 01:29PM (IST). The stock hit a high price of Rs 9849.9 and low of Rs 9690.05 during the session.

What were your most memorable moments of the recently concluded Olympic games? Among the many, one of my most memorable moment was Novak Djokovic winning the gold in Men’s tennis. In his long career, he has won 24 grand slams. The only missing piece in his trophy cabinet was an Olympic gold medal.

China is seriously concerned about a report that said the United Stated approved a nuclear strategic plan to focus on China's rapid expansion in its nuclear arsenal, the Chinese foreign ministry said on Wednesday. «The U.S. is peddling the China nuclear threat narrative, finding excuses to seek strategic advantage,» a Chinese foreign ministry spokesperson said. According to a report by the New York Times, U.S. President Joe Biden approved in March a highly classified nuclear strategic plan that focused on China's quickly growing arsenal, but also seeks to prepare the U.S for possible coordinated nuclear challenges from China, Russia and North Korea.

Shree Cements Ltd. rose 0.15 per cent to Rs 24770.0 in Wednesday's trade. It hit an intraday high of Rs 24882.4 and low of Rs 24681.6, respectively, during the day. The stock quoted a 52-week high price of Rs 30710.15 and low of Rs 23525.0.

MUMBAI : NMDC Ltd clocked an Ebitda growth of 18% year-on-year (y-o-y) for the June quarter (Q1FY25), beating Street’s estimates. This growth was driven by higher realisation, up 9.3%, lower royalty expenses and other operating costs. However, the company faces near-term headwinds, with the recent cut in prices reflecting global supply overhang.

₹10,999 for the 4GB RAM/128GB storage variant and ₹12,999 for the 8GB RAM/128GB storage variant. It comes in three colourways: Brilliant Blue, Brilliant Green and Viva Magenta.Moto G45 5G features a 6.45 inch HD+ display with a resolution of 1600 x 720 pixels and up to 120Hz refresh rate.

Mint delves deeper into the issue and what’s likely to come next. The telecom regulator sought comments from stakeholders on how to frame the terms and conditions to grant licences for services that fall under the new telecom law, which came into effect earlier this year.

Defence sector based mutual funds (including active and passive funds) have lost upto 5% in the last one month. These schemes gave a negative average return of around 4.04% in the said period. Only two funds based on the defence sector have completed one month of existence in the market. In the last one month, Nifty India Defence — TRI also lost around 5.13%. Motilal Oswal Nifty India Defence Index Fund, a passive fund based on defence sector, lost the most of around 5.21% in the last one month. Launched in July 2024, the scheme manages assets of Rs 2,330 crore as on July 2024.

ICICI Bank with a target price of Rs 1400. The current market price of ICICI Bank Ltd. is Rs 1177.25. ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 829883.24 Crore).

₹3,119 per gram then, according to the India Bullion and Jewellers Association Ltd. That gold was redeemed this year at ₹7,190 per gram. In effect, the government will pay 13.5-14% compounded on the SGBs redeemed this year, given around 11% CAGR of gold prices plus the interest.

Search efforts resumed Tuesday for six people who went missing off the coast of Sicily when the luxury superyacht they were travelling in sank in the early hours of the morning Monday.

Diversified auto ancillaries’ revenue growth stood at 23% YoY in Q1FY25, while their EBITDA increased by 29% YoY during the same period. In comparison, auto OEMs experienced a 9% revenue increase, with their EBITDA growth at 21%, according to a Nuvama note. The coverage included Bharat Forge, Endurance Technologies, CIE Automotive, SAMIL, Sona BLW Precision, Uno Minda, and Varroc Engineering.

Voltas Ltd. rose 0.61 per cent to Rs 1670.0 in Wednesday's trade as of 11:42AM (IST) even as the benchmark Nifty ruled at 24704.65, up 5.81 points. The scrip had closed at Rs 1659.75 in the previous session. The stock quoted a 52-week low of Rs 800.85 and a high of Rs 1676.0. The company quoted a market-cap of Rs 55257.75 crore on the BSE.

Hemang Jani, Independent Market Expert, says the party in defence stocks lasted for a good time and it was much more exciting than we thought it could be. But now that the reality check has come to the basics in terms of the valuation and growth we are looking at. When you see the numbers that some of the companies have reported, they are not displaying that. As a theme, the party is over. But as an allocation stock, if one wants to take a longer-term view, maybe BEL, which is still growing at 30-35%, is not bad. Also, HAL is growing at a very high rate. These are the two names that Jani is comfortable with. One pocket of the market which got active yesterday after a long gap was small to mid to higher NBFCs, the Shriram Finances of the world. Chola came back after a weakish number, as did Sammaan Financial, the erstwhile Indiabulls Housing. Is this space bottoming out? Fusion or even Credit Grameen showed some spark. Is this space ripe for stock picking or is it too early to get into NBFCs? Hemang Jani: We are seeing a good momentum in some of the pockets as you mentioned, whether it is Shriram Transport Finance or Chola. Indiabulls Housing is a different stock altogether. A part of that has something to do with the fact that within the banking vertical you are seeing a part of the money being diverted from the banks to the NBFC and the insurance because as we all know the banks are grappling with the growth on the deposit side. NIMs are under pressure. And the sector is underperforming.

ICC T20 World Cup match in New York between arch-rivals India and Pakistan has received a «satisfactory» rating from the governing body of the sport. The highly-anticipated match between these two arch-rivals at New York's Nassau County International Stadium was a low-scoring thriller. After being cleaned up for 119 runs, with Rishabh Pant scoring 42, Pakistan could manage only 113/7 in their quota of 20 overs, with Jasprit Bumrah bowling a game-changing spell of 3/14 in four overs. The drop-in pitches in New York were under scrutiny throughout the tournament because of low-scoring matches and uneven, unpredictable bounce. During the Sri-Lanka South Africa clash, SL could score only 77 runs in 19.1 overs and SA chased down the target in 16.2 overs.

<a href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. gained 3.1 per cent to Rs 4868.0 in Wednesday's trade. It hit a high of Rs 4881.0 and low of Rs 4744.8 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 3979.18, while the 50-DMA was at Rs 4650.57. 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.

Bharat Electronics Ltd. traded 0.08 per cent higher in Wednesday's session at 11:26AM (IST). The stock opened at Rs 303.15 and has touched an intraday high and low of Rs 305.7 and Rs 303.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 340.35 and a 52-week low of 126.8. About 191,239 shares changed hands on the counter so far.

This week’s Democratic National Convention may not just be notable for U.S. Vice-President Kamala Harris’s historic nomination for president, but also for the number of high-profile Republican speakers supporting her.

Australia on Wednesday approved plans for a massive solar and battery farm that would export energy to Singapore, a project dubbed the «largest solar precinct in the world». Authorities announced environmental approvals for the US$24 billion SunCable project in Australia's remote north that is slated to power three million homes. The project, which will include an array of panels, batteries and, eventually, a cable linking Australia with Singapore, is backed by tech billionaire and green activist Mike Cannon-Brookes.

Santosh Rao, Head of Research, Manhattan Venture Partners, says more than 50 basis points rate cut by Fed would cause panic. It means the economy is deteriorating and they do not want that to happen. As long as they keep cutting rates, 25 bps, gold will be steady. But if they cut a lot, gold will go spike much higher. $3000 is in the bag at that point. What do you make of gold at $2,500? We understand that investors are looking at the Fed's rate cut decision to major escalations in the Middle East and the Russia-Ukraine conflict, but to what extent do geopolitical tensions drive these prices, and for how long will gold remain at these elevated levels? Santosh Rao: There is a fundamental shift in the way investors are looking at gold. It was a safe-haven trade in the past, but now it has become a big part of a diversified portfolio. It does move with the stock market, but not one-to-one correlation. When the stock market fell recently in the US, gold fell as well, but not as much. So, it outperformed the broader indexes.

Mahua Moitra launched an attack on BJP by claiming that ED and CBI are only for opposition and opposition ruled states. The jibe is in connection to the recent Kolkata rape-murder trajedy that sent shockwaves across the nation. In the early stages, Calcutta High Court had transferred the investigation to federal probe agency, CBI from Kolkata police. «Why isn’t Maharashtra Governor flying to Delhi? Why is this not handed over to @CBIHeadquarters