Wellness Financial News

stock market The misconception surrounding penny stocks primarily revolves around the perception of them being an easy route to quick wealth. Penny stocks are often misunderstood as low-priced stocks that have the potential to skyrocket in value, turning small investments into significant gains in a short period. However, the reality is quite different “Penny stocks lure investors with get-rich-quick dreams, but fundamentals ultimately determine fates.

Godrej Consumer Products Ltd. traded 1.62 per cent higher in Friday's session at 10:20AM (IST). The stock opened at Rs 1246.0 and has touched an intraday high and low of Rs 1280.3 and Rs 1246.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 1299.9 and a 52-week low of 895.0. About 3,031 shares changed hands on the counter so far.

Rs 420 after Paytm and Paytm Payments Bank mutually agreed to discontinue various inter-company agreements.

Deepak Shenoy, Founder, Capital Mind, says: “We would like to buy more when the stocks go up rather than just on declines. But we are still very positive on a few themes that are very specifically India, because of the infrastructure changes, because of the focus on a lot of Indian local domestic improvements where adding more players in logistics for instance allows us to see the urban and rural consumption divide narrowing down over a period of time because of accessibility, roads, rail, and cargo infrastructure. We are adding a few players. We have very little changes from last time but we have added a couple of special situations. Indian manufacturing space is where we are targeting. From semiconductors to a bunch of players around infrastructures, around domestic manufacturing, auto ancillaries we have added.” I understand you were part of that meeting where the finance minister met the fintechs. What really came out of it, was Paytm top of the heap? Deepak Shenoy: No, we were talking more about the problems faced by the fintech industry in general from a perspective of what could be done to improve the situation. Some of them involve a deeper consultation with the RBI, some of them are issues around how the taxation laws are created, some of them were ideas about new products.

With PSU stocks rallying non-stop amid heavy buying by retail investors, Anish Tawakley, Deputy CIO – Equity, ICICI Prudential AMC, says his team has turned cautious on the PSU space since the start of 2024 due to valuation concerns and have been gradually trimming PSU holdings. “Over the past three years, PSUs have moved from being one of the cheapest segments in the market to a situation where some of the PSUs are today overvalued. This has been largely possible owing to the good work done by the PSU managements coupled with the way the government has ensured that these companies worked in the interest of the shareholders,” Tawakley says. Edited excerpts from a chat with the fund manager: ICICI Prudential Business Cycle Fund has outperformed in the last 3 years by nearly doubling money. These 3 years have been very interesting because many cycles came and went. How did you manage to thrive in the shifting cyclical landscape? Anish Tawakley: Three years back the economy had spare capacity and was experiencing weak demand.

Rajeev Mantri, MD, Navam Capital, says “talking about the whole public sector enterprise, what could be a trigger after elections for this area is the implementation of the privatisation policy. So, for the first time, we have had a notified privatisation policy issued by the Government of India and the government has stated that it will completely exit certain sectors.”

₹70,000 crore. This will be a media business in which Reliance will hold over 16% directly and almost 47% via Viacom18 (in which it owns 74%). The rest, a minority stake, will be held by Disney, which got Star’s Indian assets bundled along with its 2019 purchase of 20th Century Fox and has seemed keen on a local guardian ever since.

Narendra Modi's public meeting in Arambagh, Hoogly, on Friday. He will also inaugurate several government projects in the state today. “PM Modi's proposed rally is scheduled for March 1 in Arambagh.

₹22,200 crore, he is set to inaugurate the Visakh Refinery Modernization Project (VRMP), which is being carried out by Hindustan Petroleum Corporation Ltd (HPCL). This project aims to modernize and boost capacity at the Visakh Refinery in Visakhapatnam, Andhra Pradesh, with an investment of ₹26,264 crore.

Remember Priyasha Saluja of Shark Tank fame who tried to impress the judges/ sharks by pointing out her high credit score? Not only her claim evoked laughter and appreciation, one of the judges Aman Gupta attributed his final offer to her high score i.e., 838. 

core sector expanded 3.6% in January, its slowest pace in 15 months, weighed down by a high base and mixed performance across sectors, according to government data released on Thursday. The core sector had grown 4.9% in the previous month and 9.7% a year earlier. «Core sector output slowed to a 15-month low of 3.6% in January owing to a slightly unfavourable base. This also follows an upwardly revised 4.9% growth in the previous month,» said Rajani Sinha, chief economist, CareEdge.

₹9.5 trillion as their tax share, which was 31.1% of the reported gross tax revenue of the Centre, well below the adjusted target of 40.8 %. The reason for that shortfall is that Central cesses and surcharges (education, health, familiar to all taxpayers), superimposed on the basic tax structure are excluded from the shareable revenue base because they are supposedly temporary add-ons. States accuse the Centre of using them as a stratagem to reduce the statutory payment to states.

It should go without saying that fighting wars is a nasty business. The political, economic and moral corrosion that wars bring with their onslaught is often difficult for distant onlookers to decipher from the outside.

LPL Financial has added a Fort Wayne, Indiana-based team that was managing $515 million in client assets at PNC Private Bank Trust. Endeavor Wealth Strategies, which is led by Seth Marshall, will use LPL’s broker-dealer, RIA and custodial platforms, and it will align with another LPL firm, Exemplar Financial Network.

By Niket Nishant and Pritam Biswas

Investing.com-- Oil prices edged higher Thursday as traders digested key U.S. inflation data as well as differing cues on supply from the U.S. and the Organization of Petroleum Exporting Countries. 

Corporate bond research firm Gimme Credit downgraded Macy's (NYSE:M) to Stable from Improving in a note Thursday.

By Phil Stewart and Idrees Ali

Bitcoin's surge to record highs has cascaded bullish momentum into the altcoin market. As institutional demand has grown individual investors have also shown greater interest in the crypto space, leading to growing fund inflows into the crypto space.

BSE. Advent entities shall own around 66.7% stake and the public shareholders will hold around 33% stake in the merged entity. This ratio is pre-ESOP dilution," the firms clarified in the release.

Apart from looking very cool, sports gloves actually have a lot of benefits which is why a majority of sportspersons and people who work out prefer to wear sports gloves. They can prevent calluses from forming and even provide a firm grip where needed. Check out the list of top 10 sports gloves to know more.