Mon, Jul 1, 2024 1:05 PM
Bank Holidays in July 2024: Banks will remain closed on THESE 12 days
A Flip by Riya Sharma
China's services activity growth slowed to an 8-month low in June, sparking concerns about the economy and causing the Shanghai Composite index to decline 0.4% to 2,985.01 points. In contrast, Hong Kong's Hang Seng Tech Index jumped 2.5%, led by a 2.9% gain in Alibaba Group shares after the company announced a record $5.8 billion share repurchase in the second quarter.
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Hindenburg, an American researcher and short-seller, has accused India's capital market regulator SEBI of being soft on local corporate biggies, including Adani Group, and threatened to invoke the RTI law to obtain details of SEBI's meetings with Adani officials. Hindenburg's report in January 2023 accused Adani of price manipulation and accounting fraud, leading to a slump in stock prices.
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The Quicktouch Technologies Limited stock has surged 32% from its 52-week low of Rs 105 per share, indicating a significant rebound. This upward trend suggests a positive outlook for investors, with a potential increase in value and returns. The stock's current price is 32% higher than its lowest point in the past year, implying a gain of Rs 33.6 per share.
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