Suzlon Energy share price hits 52-week high. Increases by 50% in one month

Suzlon Energy share price hits 52-week high.  Increases by 50% in one month

Suzlon Energy share price has been in an upward trend since mid-May 2023. After reaching the lowest point at ₹8.20 a piece in mid-May 2023, Suzlon’s share price has risen by par ₹16.80 per piece, providing almost a multi-bag return to its shareholders during this month and a half. However, there appears to be some … Read more

MC interview | Stock up on IT stocks, expect a positive breakout soon, says Ashish Kyal

MC interview |  Stock up on IT stocks, expect a positive breakout soon, says Ashish Kyal

The Nifty IT Index is trading at 29,550 levels and a Bollinger Band breakout can be seen above 30,900 levels on the weekly time frame, says Ash Kail, Founder, Wavesstrategy.com, in an interview with Wavesstrategy.com. Money control. Chartered Market Technician recommends better stocking of IT stocks at current levels. “The Nifty IT index is already … Read more

ideaForge Technology IPO: GMP drops, focus shifts to allocation, listing date

ideaForge Technology IPO: GMP drops, focus shifts to allocation, listing date

The primary market is dominated by a large number of companies offering their initial public offerings (IPOs) on Dalal Street. Recently concluded ₹567-crore IPO of IdeaForge Technology has been the talk of the town as the public issue was witnessed by an entire group of investors. The primary market is dominated by a large number … Read more

Top 10 Bets When Bulls Rule the Street, Benchmarks Reach Uncharted Territories

Top 10 Bets When Bulls Rule the Street, Benchmarks Reach Uncharted Territories

Bulls took full control of Dalal Street since later last week and pushed the benchmark indices into uncharted territory on June 30 as we have seen buying across sectors with strong gains from banking and financial services and technology stocks. The Nifty50 has seen a breakout of the uptrend resistance near the previous record highs … Read more

Share price of HDFC Bank will continue to be in focus after the merger with HDFC

HDFC Bank shares closed 1.51% higher at  ₹1,701.75 apiece on BSE on Friday.  (REUTERS)

HDFC Bank shares closed up 1.51% at ₹1,701.75 apiece on the BSE on Friday. According to analysts at HDFC Bank, after the corporate action, share prices have witnessed a strong divergence and have crossed multi-month highs, the divergence remains positive with prices likely to rise to 1850 and 1670 as immediate support. Although the exchange … Read more

Wheels in motion, initial CONCOR bids are likely to be invited by August 1

Wheels in motion, initial CONCOR bids are likely to be invited by August 1

The Ministry of Railways is now involved in the divestment of CONCOR and all previous issues have been resolved. Container Corporation of India (CONCOR) divestments have picked up in recent weeks and the government is expected to invite initial bids for the state-owned carrier by August 1, multiple sources told Moneycontrol. “CONCOR’s EOI (expressions of … Read more

Promotions starting today: July 3, 2023

Promotions starting today: July 3, 2023

Car sales data released by car companies for June reflect different trends across the spectrum. Maruti Suzuki India sold 1.5 lakh units in June, up nearly 2 percent from 1.56 lakh units a year ago; Tata Motors saw 8 percent year-on-year growth in passenger vehicle sales in the June quarter of 2023 compared to the … Read more

A closer look at revenue recognition in India’s edtech firm maps

A closer look at revenue recognition in India's edtech firm maps

Investors are interested in how revenue is accounted for when bookings are completed, such as whether straight-line revenue recognition is used (dividing revenue by the subscription period), how discounts and cancellations are accounted for, and the portion of revenue derived from subscriptions. against hardware sales. After the crisis at Byju’s, the world’s top-rated edtech company, … Read more

Auto stocks, HDFC, RIL, Vedanta, Hero Moto, Granules and more in news

Auto stocks, HDFC, RIL, Vedanta, Hero Moto, Granules and more in news

Housing Development Finance Corporation: Housing Development Finance Corporation (HDFC) and HDFC Bank merged on July 1, while the record date for the merger is set for July 13. HDFC Bank is now 100% owned by public shareholders and existing HDFC shareholders will own 41 percent of the bank. Reliance Industries: RIL and bp plc announced … Read more

The government is examining the possibilities of external financing

The government is examining the possibilities of external financing

• Plans to meet most medium-term needs through 10- to 15-year bonds, leveraged multilateral loans• The aim is to diversify domestic debt instruments into inflation-linked bonds, to include government securities in the stock exchange ISLAMABAD: With the International Monetary Fund (IMF), the government is considering meeting most of its medium-term external financing needs through 10 … Read more

A strong FPI inflow is fueling the build-up in stocks

A strong FPI inflow is fueling the build-up in stocks

MUMBAI The current market rally, characterized by wider equity participation compared to the previous two and fueled by strong foreign portfolio investors (FPIs), is expected to maintain its momentum. The current market rally, characterized by wider equity participation compared to the previous two and fueled by strong foreign portfolio investors (FPIs), is expected to maintain … Read more