The Indian equity markets opened flat on Wednesday, mirroring the cautious sentiment in global markets ahead of the release of key US economic data later this week. The benchmark Nifty 50 index opened at 24,680.55, down marginally by 0.07% from the previous close of 24,698.85. Similarly, the Sensex opened at 80,667.25, a dip of 0.17%…
Target: ₹1,305.50 CMP: ₹1,231.45 Incorporated in 1995, Dodla Dairy Ltd (DDL) is an integrated dairy company in South India that is engaged in the procurement, processing, distribution, and marketing of milk and other dairy products. The long-term outlook of Indian dairy sector remains positive on account of favourable demographics, increase in expenditure on packaged food,…
The Reserve Bank of India (RBI) has announced the launch of the RBI 90 Quiz for college students at the undergraduate level. It is a nationwide competition which is being held as part of the events to celebrate 90 years of RBI’s functioning. The quiz will ask questions relating to general knowledge and will feature…
The IPO of Interarch Building Products closed on a high note with overall subscription figures of 93.46 times, as institutional investors pumped in money on the last day of the issue closing on Wednesday. The ₹600-crore initial public offering that came out with a price band of ₹850–900 consisted of a fresh issue worth ₹200…
The mutual fund industry in India has witnessed a seven-fold growth in the past 10 years with the assets under management (AUM) growing from ₹8.3 lakh crore in December 2013 to ₹61.2 lakh crore in June 2024, a Motilal Oswal report for the quarter ending June 30, 2024, has revealed. The report ‘Where the Money…
Target: ₹477 CMP: ₹343.15 DDev Plastiks Industries (DPIL) is strategically shifting its focus from low-margin PVC products towards higher-margin products. This strategic pivot includes increasing its share of high-margin XLPE compounds and we expect this shift to enhance profitability in the future. XLPE cable (cross-linked polyethylene) is a type of electrical cable commonly used for…
M. Pattabiraman, a physics professor at IIT Madras, teaches complex theories to eager students. Beyond the classroom, he’s also a well-known personal finance figure, with nine of his financial calculators featured on the Securities and Exchange Board of India’s (Sebi) investor education site. Also meet Vijay Malik, a doctor who practised for five years but…
File. | Photo Credit: Reuters The Indian rupee nosedived 14 paise to 83.91 (provisional) against the U.S. dollar on Wednesday (August 21, 2024) amid unabated outflow of foreign capital and volatile domestic equity markets. Forex traders said a weak American currency and lower level of crude prices, however, cushioned the local unit at lower level….
Markets closed higher on Wednesday, with the benchmark Nifty 50 index gaining 71.35 points or 0.29 per cent to end at 24,770.20. The BSE Sensex also closed 102.44 points or 0.13 per cent higher at 80,905.30. The market saw a gradual increase in gains throughout the trading session, as Aditya Gaggar, Director of Progressive Shares,…
In a range-bound trade, the 30-share BSE Sensex gained for the second day in a row, rising 102.44 points or 0.13% to close at 80,905.30. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty closed higher on Wednesday (August 21, 2024), helped by gains in FMCG, consumer durables and health-care stocks amid strong buying…
