IT stocks led the losers’ pack in trade today, with the top five decliners dominated by the sector after Accenture cut its annual revenue growth forecast and flagged demand headwinds. The read-through hit sentiment sharply, with the Nifty IT index falling around 6%
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The stock rallied in early trade today, with the stock rising as much as 4.18% to hit a fresh 52-week high of Rs. 1,898 on the NSE, after the company secured a Design, Build, Operate contract for the Doha SWRO Desalination Plant with Recarbonation System – Stage II in Kuwait.
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The stock rose 3.07% to Rs. 4,387 today, with the stock touching an intraday high of Rs. 4,393.95. The move comes amid reports that the Defence Ministry has received around 10 bids from Indian public and private sector companies for a more than Rs. 30,000 crore project
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Under the current circumstances, this is the best move which RBI could have made and we need to take recourse on that. Just as RBI remained overall optimistic about the Indian growth story, we too need to our heads over the clouds and not fall for all the recessionary talks – our domestic power in itself is huge and that should be a good factor to keep our focus on.
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The sector which kept the flag flying in the GDP was the service sector – alone contributing over 9% and this is reassuring; its like a cue for the RBI to maybe take a pause and look where things are headed. Many are expecting the aggression of rate hikes to come down and soon take a pause – maybe its not yet time to take the foot off the brakes.
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The Fed yesterday did what was widely expected. For the fourth time in a row, the Fed hiked rates by 75 bps to fight inflation. The good news from this – though the rate hikes will continue till inflation is not reined in, the rate hikes will now possibly be in smaller increments but to higher levels than previously anticipated
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These were the last 2 paras of MG carried here yesterday on Vedanta. But few lazy, oversmart, greedy (briefly called as thankless members here) will only read heading and never take pain to read full text, while each word of article has its existence and meaning, which is written by us, taking huge pain, by burning midnight oil as well.
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There may be some halt on buying or frenzy getting cooled till Wed 8th December, where volatility to be seen in the stock, may see it falling to 325 levels as well. But short, medium and long term view on the stock remains extremely bullish.
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All these stake sales in 2002, in HZL, BALCO, VSNL were made under the leadership of Late Shri Atal Bihari Vajpayee, as PM of India, against whom, even Opposition parties have not been able to levy a single charge of Corruption till this date.
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The RBI, four months ago, came up with a unique way to get the banks to lend more – Desi Operation Twist. RBI announced that it will buy longer-tenor bonds while selling shorter debt. Sounds familiar? That’s because its similar to what the US Fed Reserve did in 2011-12 to make its long term debts cheaper and spur lending.
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Earnings Per Share (EPS) is an important metric tracked by investors, shareholders and analysts. It is calculated by dividing PAT by the number of shares.
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A company which is usually flushed with cash (without any need for capex and other investments) goes for a buyback to of shares in order to reward the shareholders for their ownership in the company and also boost stock price.
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Approx. 385 companies will be declairing their results on 30th May, 2026. Among the big names, result for Linde India are expected to be declared.
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Approx. 483 companies will be declairing their results on 29th May, 2026. Among the big names, result for Asian Paints, NMDC, Indigo, Glenmark Pharma are expected to be declared.
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Approx. 343 companies will be declairing their results on 28th May, 2026. Among the big names, result for Ashok Leyland, Alkem Labs are expected to be declared.
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