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Nifty crashed today, ending its winning streak due to disappointing Q1 performances from INFY (-8.41%) and HUL (-3.82%). Overbought conditions and high greed contributed to the sell-off. Investors now await RIL Q1 results, expecting a consolidation around 19501 with resistance at the psychological 20000 mark. Caution is advised in this return of risk.
Nifty crashed today, ending its winning streak due to disappointing Q1 performances from INFY (-8.41%) and HUL (-3.82%). Overbought conditions and high greed contributed to the sell-off. Investors now await RIL Q1 results, expecting a consolidation around 19501 with resistance at the psychological 20000 mark. Caution is advised in this return of risk.
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Hindustan Zinc Q1 Results Consol net profit at Rs 1964 crore versus Rs 3092 crore Consol revenue from operations at Rs 7111 crore versus Rs 9236 crore
Hindustan Zinc Q1 Results Consol net profit at Rs 1964 crore versus Rs 3092 crore Consol revenue from operations at Rs 7111 crore versus Rs 9236 crore
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Trident says granted patent for "process of manufacturing fabric with homogeneous pores" by European Patent Office
Trident says granted patent for "process of manufacturing fabric with homogeneous pores" by European Patent Office
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ULTRATECH CEMENT Q1 RESULTS PAT: Rs 1688 cr vs ET NOW poll of Rs 1600 cr Revenue: Rs 17,737 cr vs ET NOW poll of Rs 17,550 cr
ULTRATECH CEMENT Q1 RESULTS PAT: Rs 1688 cr vs ET NOW poll of Rs 1600 cr Revenue: Rs 17,737 cr vs ET NOW poll of Rs 17,550 cr
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Federal Bank has raised 9.59 billion Indian rupees ($116.92 million) via preferential issues of shares to the International Finance Corporation (IFC), a member of the World Bank Group. The shares were issued at a price of 131.91 per share and were approved by the board on Friday, the bank said in a notification to exchanges.
Federal Bank has raised 9.59 billion Indian rupees ($116.92 million) via preferential issues of shares to the International Finance Corporation (IFC), a member of the World Bank Group. The shares were issued at a price of 131.91 per share and were approved by the board on Friday, the bank said in a notification to exchanges.
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Shares of Tanla Platforms climbed 7% to hit a 52-week high at Rs 1198 in Friday's trade after the CPaaS provider's profit after tax (PAT) for the Q1 FY24 increased by 35% year-on-year (YoY) to Rs 135.40 crore.
Shares of Tanla Platforms climbed 7% to hit a 52-week high at Rs 1198 in Friday's trade after the CPaaS provider's profit after tax (PAT) for the Q1 FY24 increased by 35% year-on-year (YoY) to Rs 135.40 crore.
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Shah Metacorp bags export orders of around $ 5million (Rs 40 crore) from Italy and other European country for the export of steels and alloys
Shah Metacorp bags export orders of around $ 5million (Rs 40 crore) from Italy and other European country for the export of steels and alloys
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The Utkarsh Small Finance Bank IPO made a strong debut on the stock exchanges today, listing at ₹40 per share, a premium of 60% over the upper end of the price band of ₹25. The strong listing was in line with expectations. The company has a strong track record of growth, and its financial performance has been improving in recent years. Utkarsh SFB is well-positioned to benefit from the growth of the SFB sector, as it has a strong focus on underserved segments of the population. After listing at such a level, we will suggest booking this gain; however, aggressive investors can choose to buy during any subsequent dip.
The Utkarsh Small Finance Bank IPO made a strong debut on the stock exchanges today, listing at ₹40 per share, a premium of 60% over the upper end of the price band of ₹25. The strong listing was in line with expectations. The company has a strong track record of growth, and its financial performance has been improving in recent years. Utkarsh SFB is well-positioned to benefit from the growth of the SFB sector, as it has a strong focus on underserved segments of the population. After listing at such a level, we will suggest booking this gain; however, aggressive investors can choose to buy during any subsequent dip.
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EARNINGS IMPACT | Hindustan Unilever on Thursday reported a 6.9 per cent rise in consolidated profit after tax at Rs 2,556 crore in the first quarter ended June 30, 2023, riding on a gradual recovery in the FMCG industry despite operating in challenging environment.
EARNINGS IMPACT | Hindustan Unilever on Thursday reported a 6.9 per cent rise in consolidated profit after tax at Rs 2,556 crore in the first quarter ended June 30, 2023, riding on a gradual recovery in the FMCG industry despite operating in challenging environment.
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L&T Construction secures (Mega*) order worth over 7,000 crore for its heavy civil infrastructure business.
L&T Construction secures (Mega*) order worth over 7,000 crore for its heavy civil infrastructure business.
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Shares of Larsen and Toubro gains 3% after the company announced that it will consider proposal for buyback of equity shares.
Shares of Larsen and Toubro gains 3% after the company announced that it will consider proposal for buyback of equity shares.
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EARNINGS IMPACT | Shares of Infosys , India's second-largest software exporter, fell as much as 9% on Friday, after the company halved its full-year revenue growth outlook and posted a weaker-than-expected first-quarter profit.
EARNINGS IMPACT | Shares of Infosys , India's second-largest software exporter, fell as much as 9% on Friday, after the company halved its full-year revenue growth outlook and posted a weaker-than-expected first-quarter profit.
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Opening Bell: Bloodbath on D-St! Sensex tanks over 650 points, Nifty below 19,800; Infosys plunges 9%, HCL Tech 5%
Opening Bell: Bloodbath on D-St! Sensex tanks over 650 points, Nifty below 19,800; Infosys plunges 9%, HCL Tech 5%
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While key benchmark indices may witness volatility in early trades Friday, technology stocks could face hurdles after Infosys slashed its revenue projection for the year on concerns over weak IT spend by clients. The technology major's ADR tumbled 9.5% in overnight trade on Nasdaq. Overnight, tech-heavy Nasdaq also tumbled 2%, which is likely to have a rub-off effect on domestic software stocks. Besides, FMCG major HUL facing challenges on volume growth in Q1 indicates things are not completely out of the woods for the FMCG pack. Technically speaking, the benchmark Nifty will struggle to make significant headway amidst overbought conditions, while support for the index is seen at 19759, even as the benchmark index is few points away from capturing the 20k summit.
While key benchmark indices may witness volatility in early trades Friday, technology stocks could face hurdles after Infosys slashed its revenue projection for the year on concerns over weak IT spend by clients. The technology major's ADR tumbled 9.5% in overnight trade on Nasdaq. Overnight, tech-heavy Nasdaq also tumbled 2%, which is likely to have a rub-off effect on domestic software stocks. Besides, FMCG major HUL facing challenges on volume growth in Q1 indicates things are not completely out of the woods for the FMCG pack. Technically speaking, the benchmark Nifty will struggle to make significant headway amidst overbought conditions, while support for the index is seen at 19759, even as the benchmark index is few points away from capturing the 20k summit.
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L&T Board to consider proposal for buyback of equity shares of the company and payment of special dividend on July 25
L&T Board to consider proposal for buyback of equity shares of the company and payment of special dividend on July 25
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Closing Bell: D-St hits fresh peaks as Sensex rallies 474 pts, Nifty close to 20K; Kotak Bank rises 3%, Infy drops
Closing Bell: D-St hits fresh peaks as Sensex rallies 474 pts, Nifty close to 20K; Kotak Bank rises 3%, Infy drops
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The market discovered price of Rs 261.85 per share of Jio Financial Services has come much higher than most brokerages’ estimates. This high price is a reflection of the market’s assessment of Jio Financials’ potential. The wide reach of JFSL through RIL’s other business segments like Reliance Retail has the potential to grow the company at a fast pace for many years to come. The market is discounting this potential.
The market discovered price of Rs 261.85 per share of Jio Financial Services has come much higher than most brokerages’ estimates. This high price is a reflection of the market’s assessment of Jio Financials’ potential. The wide reach of JFSL through RIL’s other business segments like Reliance Retail has the potential to grow the company at a fast pace for many years to come. The market is discounting this potential.
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Priti International gets order for airport furniture segment from Airport Authority of India, Begumpet airport; stock gains 4%
Priti International gets order for airport furniture segment from Airport Authority of India, Begumpet airport; stock gains 4%
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