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Investors will also be closely watching TCS’s final dividend for the fiscal year FY23. The company, which is owned by the Tata Group, has already given out three interim dividends and will recommend a final dividend on Wednesday. TCS is likely to announce the final dividend and a record date for it at the same…
Investors increased their wealth significantly in just 7 days thanks to excellent returns on the Sensex and Nifty 50. On Tuesday, the Sensex passed the crucial milestone of 60,150, while the Nifty 50 came dangerously close to 17,750. Since March 29th, domestic Indian stocks have been on a winning streak. Market capitalization of BSE-listed companies…
BENGALURU: Ahead of corporate earnings for the March quarter, Indian equities increased for the seventh straight session on Tuesday, supported by financials companies on positive quarterly updates.The S&P BSE Sensex increased 0.52% to 60,157.72 and the Nifty 50 closed 0.56% higher at 17,722.30. For both indices, this is their longest winning streak in more than…
The capital goods industry is where Ramkrishna Forgings, a small cap business with a market cap of $4,997.35, operates. For railway coaches and waggons, the company offers Draw Gear Assembly, Side frame keys, Bolster suspension, Screw Coupling, and Bolster suspension. It is also a preferred supplier to OEMs including TATA Motors, Ashok Leyland, VE Commercial,…
ITC stock, a major player in the FMCG industry, is up for the fourth straight day on Tuesday. The stock received positive feedback from investors, touching a new 52-week high and rising by 2%. ITC is one of the brokerages’ top picks amid FY23 Q4 earnings. ITC’s stock price increased by $7.40, or 1.90%, to…
As TCS reports its fourth quarter earnings on Tuesday, IT stocks are under pressure. TCS lost more than 2% overall on the day, while rival Infosys almost reached its 52-week lows and has down by about 3%. Many others, HCL Tech, Wipro, and Tech Mahindra are also losing money. The industry is in the spotlight…
State Bank of India (SBI), a public sector lender, gained traction on Tuesday after the bank disclosed its intention to issue senior unsecured notes for a whopping $2 billion in FY24. The board members of the lender will meet on April 18 to talk about and review the same. Prabhudas Lilladher brokerage is bullish on…
Olectra Greentech shares are one of the multibagger stocks that the Indian stock market has recently provided, according to this stock. This small-cap stock managed to offer huge returns to its owners over the past three years, particularly during the post-Covid bounce, despite trading sideways to down for about a year. This multibagger stock has…
BENGALURU: In front of corporate reports for the March quarter, Indian shares opened higher on Tuesday, helped by lenders on positive quarterly reporting. At 9:35 a.m. IST, the Nifty 50 was up 0.45% at 17,705.55, while the S&P BSE Sensex was up 0.44% at 60,107.25.With the exception of information technology (IT), all 12 of the…
Retail investors in India purchased the majority of Adani Group companies as the extraordinary selloff brought on by the accusations of short-seller Hindenburg Research reduced their exorbitant values. According to regulatory filings, individual investors increased their stakes in eight of the ten companies associated with the ports-to-power group in the three months leading up to…
