UPS Financial News

Varun Beverages Ltd. slipped 0.5 per cent to Rs 1630.9 in Friday's trade as of 01:50PM (IST). The stock hit a high price of Rs 1647.5 and low of Rs 1609.0 during the session. The return on equity (ROE) for the stock stood at 29.64 per cent. Traded volume on the counter stood at 01:50PM shares and turnover at Rs 3.67 crore around that time. The stock of Varun Beverages Ltd. quoted a 52-week high price of Rs 1673.7 and 52-week low prices of Rs 781.15, respectively.

The NTA reform panel has initiated a call for suggestions from stakeholders, including students and parents, regarding examination reforms, setting a deadline of July 7. This move follows the establishment of a high-level committee comprising seven experts tasked with ensuring the transparent, smooth, and fair conduct of examinations. The decision to form this expert panel comes amidst recent controversies surrounding the National Eligibility cum Entrance Test (NEET) 2024.

SBI Cards and Payment Services Ltd. rose 1.04 per cent to Rs 722.55 in Friday's trade. It hit an intraday high of Rs 735.0 and low of Rs 721.0, respectively, during the day. The stock quoted a 52-week high price of Rs 892.75 and low of Rs 649.0.

«But overall market remains up. Having moved above the initial resistance of around 24,000, I am expecting Nifty to move towards the 24,450 to 24,500 in the near term,» says Nagaraj Shetti, HDFC Securities. And yes, you have markets that are scaling brand new highs every single day, but we are seeing that there are some bouts of profit booking or some sort of a consolidatory phase actually kicking in for the markets. Are you witnessing that on the charts as well? Nagaraj Shetti: Market has been in a continuous uptrend since after the upside breakout of the range movement. The overall chart pattern is looking still positive, though market is placed at the higher levels. Still, there is no indication of any reversal pattern confirming at the higher levels. There may be some volatility at the highs or maybe a smaller intraday correction in between. But overall market remains up. Having moved above the initial resistance of around 24,000, I am expecting Nifty to move towards the 24,450 to 24,500 in the near term.

Crompton Greaves Consumer Electricals Ltd. traded at Rs 410.65 on BSE at 01:19PM (IST) on Friday, down 1.64 per cent. The stock quoted a 52-week low price of Rs 262.1 and a high of Rs 436.6. Earlier in the day, the stock saw a gap up opening.

government data affected by a recent ransomware cyberattack was not backed up, officials said, in an incident that has exposed the lack of preparations for such an attack in Southeast Asia's biggest economy. Last week's cyberattack, the worst in the country in recent years, has disrupted multiple government services including immigration and operations at major airports.

ICICI Lombard General Insurance Company Ltd. traded 0.51 per cent up at Rs 1803.9 at 01:29PM (IST) on Friday, even as BSE benchmark Sensex gained 14.59 points to 79257.77. The stock had settled at Rs 1794.6 in the previous session. The stock quoted a 52-week high price of Rs 1814.7 and 52-week low of Rs 1266.0, respectively. As per BSE data, total traded volume on the counter till 01:29PM (IST) stood at 7939 shares with a turnover of Rs 1.42 crore.

Bharat Forge Ltd. traded at Rs 1682.55 on BSE at 01:34PM (IST) on Friday, up 0.05 per cent. The stock quoted a 52-week low price of Rs 813.7 and a high of Rs 1826.2. Earlier in the day, the stock saw a gap up opening.

Pakistan's parliament on Friday passed the government's tax- heavy finance bill for the coming fiscal year ahead of more talks on a new IMF bailout as it seeks to avert a debt default for an economy growing at the slowest pace in South Asia. The government presented the tax-loaded budget two weeks ago, drawing sharp criticism from opposition parties.

Quant Mutual Fund schemes in the last 4 days ever since the Sebi investigation came into limelight. So far in the week, NAVs of 11 Quant schemes, including Quant Large Cap Fund, Quant Flexi Cap Fund, Quant Focused Fund, Quant Absolute Fund, and Quant Momentum Fund, have actually increased while there has been some impact on the returns of the remaining 16 schemes. The net asset value of two Quant schemes was up by 1% in the last four days. The NAV of Quant ESG Equity Fund and Quant Focused Fund was up by 1.16% and 1% respectively.

A massive sinkhole, stretching more than 30 metres across and approximately 15 metres deep, opened up in an Illinois park Wednesday, swallowing a light pole and several benches and leaving a huge crater in its wake.

Tata Elxsi Ltd. traded at Rs 7007.75 on BSE at 12:48PM (IST) on Friday, up 0.12 per cent from previous close. The scrip quoted a 52-week low price of Rs 6406.6 and a high of Rs 9191.1.

Shriram Finance Ltd. traded at Rs 2925.0 on BSE at 12:53PM (IST) on Friday, down 0.71 per cent from previous close. The scrip quoted a 52-week low price of Rs 1689.45 and a high of Rs 3058.95.

GST fraud orchestrated across the country. Babar Khan, police said, allegedly floated fake firms based on stolen or forged ID cards to fraudulently avail input tax credit. On June 1 last year, Noida police claimed to have busted a gang suspected of orchestrating the GST fraud. The operation involved registering thousands of companies under stolen or fake identities and utilising these firms to generate e-way bills and obtain input tax credit from the govt. With the arrest of Khan, 47 people have been picked up in connection with the scam. They include residents of Delhi, Noida, Ghaziabad, Sirsa, Jaipur, Chhindwara and so on.

«It is good for everybody, good for investors, good for savers, good interest rate and with the rains coming I think we finally can hear sigh of relief that what was the biggest question mark in the economy possibly will get addressed in the next 30-60 days,» says Ajay Srivastava, Dimensions Corporate Finance. Take a look as to what the month of June brought us and now it looks like July as well is getting off to a stellar start. Ajay Srivastava: I tell you look at inside the screen, look at outside the screen, it has been absolutely stellar. We got rains in Delhi finally after 50 degrees centigrade. So, I know I could not have asked from the God better things in life. I do not think I will make any trip to any pilgrimage site. I think I have got everything what I wanted right here, sitting here.

Colgate-Palmolive (India) Ltd. gained 0.1 per cent to Rs 2844.7 in Friday's trade as of 12:43PM (IST). The stock hit a high price of Rs 2876.45 and low of Rs 2828.2 during the session.

IPO) of Bansal Wire will open for subscription on July 3 and close on July 5. The company has fixed a price band of Rs 243-256 per share. At the upper end, the company plans to raise around Rs 745 crore. Investors can bid for 58 shares in one lot and in multiples thereafter.

Section 80D of the Income-tax Act of 1961 allows for the deduction of certain medical expenses and premiums for health insurance policies from your taxes. The limit under section 80D has remained unchanged for the past several years. Taxpayers who have opted for the old tax regime are hoping for an increase in the limit under section 80D in the upcoming Budget scheduled for July 2024, considering the significant rise in healthcare costs. Documents required for ITR filing: 10 documents you need to file income tax return «India faces a severe issue with inadequate insurance. When a family's primary earner passes away, the money left for the survivors to live and settle debts is usually less than nine percent of what's actually needed. Changing tax sections 80C and 80D to provide separate tax breaks for the life-threatening risk part of term life plans could help close the gap in death risk coverage and enhance social security,» said Satishwar B., MD and CEO, Bandhan Life.

EPL with a target price of Rs 250. The current market price of EPL Ltd. is Rs 198.95. EPL incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 6395.91 Crore) operating in Packaging sector.

electricity demand in the last 12 months, with peak demand rising by an average of 711 megawatts (MW) on the hottest and most humid days, according to a new analysis published on Friday. The report by the independent think tank Institute for Energy Economics and Financial Analysis (IEEFA) said Delhi's peak power demand rose by an average of 506 MW on cold and dry days but only by 188 MW on days when the temperature and humidity were moderate. The analysis used wet-bulb temperature (WBT) as a yardstick. The wet-bulb temperature (WBT) is the lowest temperature to which a person or object can be cooled solely by the evaporation of water. «On moderate days (17.5 degrees Celsius WBT), Delhi's peak demand grew by a modest 188 megawatts (MW), but on the hottest and most humid days (using 32.5 degrees Celsius WBT as a criterion), the annual increase was 3.8 times higher at 711 MW,» the report said.

Ashok Leyland Ltd. traded 0.26 per cent down in Friday's trade at 12:18PM (IST). Around 289,518 shares changed hands on the counter. The scrip opened at Rs 240.7 and touched an intraday high and low of Rs 243.85 and Rs 240.7, respectively, in the session so far. Shares of the company of Ashok Leyland Ltd. quoted a 52-week high of Rs 245.6 and a 52-week low of Rs 157.65.