🔎 Top 3 things to know about the latest ELSS fund rules
Wed, May 25, 2022 10:55 PM

🔎 Top 3 things to know about the latest ELSS fund rules

🔶The passive ELSS scheme should be rooted in one of the indices that include shares from the top 250 companies by market capitalization. 🔶The index funds must include the name of the underlying index in the ELSS scheme name. 🔶As per updated data by AMFI, as of April 2022, the ELSS section had ₹1.5 lakh cr assets and there were 39 schemes covering the different investment firms.

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🔔Here are 3 stocks that fluctuated the most today
Wed, May 25, 2022 10:55 PM

🔔Here are 3 stocks that fluctuated the most today

✅Hindusthan Zinc: CMP ₹07.50. Its scrip jumped over 4% after the CCEA gave its nod to the proposal of sale of the govt.'s entire stake in the company. ⛔IndiGo: CMP ₹1,648. the scrip slipped more than 2% after it posted a net loss in Q4FY22. ✅Deepak Fertilizers: CMP ₹596.10 The firm's stock surged by 5% after reporting a net profit in Q4FY22.

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Bihar Sponge Iron's profit at Rs. 2.69 crore in Q4
Wed, May 25, 2022 10:50 PM

Bihar Sponge Iron's profit at Rs. 2.69 crore in Q4

Bihar Sponge Iron Ltd has posted a total income of Rs. 65.3140 crores during the period ended March 31, 2022, compared to Rs. 6.4202 crores during the period ended December 31, 2021. The company has reported a net profit / (loss) of Rs. 2.6939 crores for the period ended March 31, 2022, against a net profit / (loss) of Rs. 0.5034 crores for the period ended December 31, 2021.

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🚀Yes Securities sees this chemical stock to surge more than 50%
Wed, May 25, 2022 10:50 PM

🚀Yes Securities sees this chemical stock to surge more than 50%

The operating profits of the specialty chemical stock, Rossari Biotech have been registered and stood just ahead of market predictions on better than expected margins. 🚀India's brokerage house, Yes Securities has kept a Buy rating on the stock, with an updated target price of ₹1,355 apiece. 🚀This revision of the target price suggests a potential upside of over 50% from the existing stock level.

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Wendy's stock witnesses a massive spike owing to a potential acquisition
Wed, May 25, 2022 10:46 PM

Wendy's stock witnesses a massive spike owing to a potential acquisition

The shares of Wendy's have been surfing on a bullish tide while the investors mull over a probable takeover deal. Wednesday came as a pleasant day for the fast-food giant as its stock witnessed a spike during pre-market trading. This jump is being attributed to the announcement made by its largest shareholder Trian Fund Management that it is mulling over a potential acquisition.

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Barak Valley Cements' consolidated profit jumps to Rs. 5.11 crores in Q4
Wed, May 25, 2022 10:45 PM

Barak Valley Cements' consolidated profit jumps to Rs. 5.11 crores in Q4

Barak Valley Cements Limited has posted a total income of Rs. 55.4315 crores during the period ended March 31, 2022, compared to Rs. 37.3051 crores during the period ended December 31, 2021. The company has reported a net profit / (loss) of Rs. 5.1124 crores for the period ended March 31, 2022, against a net profit / (loss) of Rs. -12.3940 crores for the period ended December 31, 2021.

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Praj Industries profit surges 10.7% YoY to Rs 57.6 crore in Q4
Wed, May 25, 2022 10:24 PM

Praj Industries profit surges 10.7% YoY to Rs 57.6 crore in Q4

On Wednesday, Praj Industries posted a 10.7 per cent year-on-year rise in the consolidated profit at Rs 57.6 crore for the quarter ended March 31, 2022. It has reported a profit of Rs 52 crore in the corresponding quarter of the previous financial year. The company's revenue on a consolidated basis surged 46.2 per cent to Rs 829 crore in the reported quarter against Rs 567 crore posted last year.

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Could dividend paying stocks be an escape from the market madness?
Wed, May 25, 2022 10:15 PM

Could dividend paying stocks be an escape from the market madness?

It has been observed that the S&P 500 High Dividend Index which is constituted of 80 stocks with high yields, has bounced back to 3.6% to date. Analysts and market experts are of the opinion that the current market conditions make this a good time to invest in dividend stocks as they can offer stability amid volatile stock and bond markets.

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Coal India net profit zooms by 46% to Rs 6,693 cr in Q4
Wed, May 25, 2022 10:13 PM

Coal India net profit zooms by 46% to Rs 6,693 cr in Q4

On Wednesday, state-run Coal India Ltd posted a 46% rise in consolidated net profit at Rs 6,693 crores for the quarter ending March 31, 2022. It posted a consolidated net profit of Rs 4,587 crores in the year-ago period. The company's consolidated revenue from operations surged by 22% to Rs 32,707 crores, against Rs 26,700 crores in the year-ago period.

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Bata India net profit zooms over two-fold to Rs 63 cr in Q4
Wed, May 25, 2022 10:02 PM

Bata India net profit zooms over two-fold to Rs 63 cr in Q4

Shoemaker Bata India Ltd posted over a two-fold surge in its consolidated net profit at Rs 62.96 cr for the fourth quarter ended March 31, 2022. The company reported a net profit of Rs 29.47 cr in the January-March quarter a year ago. Its revenue from operations surged 12.77% to Rs 665.24 cr during the quarter under review, against Rs 589.90 cr in the corresponding quarter of 2020-21.

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Emami group will sponsor the century old East Bengal FC: Mamata
Wed, May 25, 2022 9:56 PM

Emami group will sponsor the century old East Bengal FC: Mamata

The Chief Minister of West Bengal, Mamata Banerjee has revealed that the century-old East Bengal Football Club would be sponsored by the Emami Group. This development has put an end to the uncertainty over whether the club could participate in the Indian Super League or not. Mamata wished the club the best for their campaign.

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We need a small favour ☺️
Wed, May 25, 2022 9:55 PM

We need a small favour ☺️

We are building the first community of capital market traders and enthusiasts in India! With more than 800,000 users using our app, we are on a mission to reinvent financial literacy and awareness in India! Please share your love for flipitmoney so that we work harder and reach our goal faster 🙏

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L&T ranked  ‘Second Strongest Brand’ by Brand Finance
Wed, May 25, 2022 9:52 PM

L&T ranked ‘Second Strongest Brand’ by Brand Finance

Larsen & Toubro has been ranked the ‘Second Strongest Brand’ among the top 50 Global Engineering and Construction companies – by Brand Finance, a global brand valuation consultancy. A London-based consultancy in its ‘Engineering & Construction 50 – 2022’ report has also ranked the company as the ‘Third Fastest Growing Brand’. The Brand Strength Index of the firm has also surged by 7.1 points.

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Natural gas spikes above $9 per million in the US on supply crunch worries
Wed, May 25, 2022 9:39 PM

Natural gas spikes above $9 per million in the US on supply crunch worries

For the first since 2018, the natural gas spiked above $9 per million British thermal units in the US on worries of a supply crunch. Bob Yawger, director of the futures division at Mizuho Securities USA said, “It’s a function of the storage, and the storage situation is miserable.” Due to an energy crunch, the gas prices have skyrocketed over the past years fueled by the Russia-Ukraine war.

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ICICIdirect rolls out Lifestage Investing tool - LIFEY
Wed, May 25, 2022 9:18 PM

ICICIdirect rolls out Lifestage Investing tool - LIFEY

ICICIdirect has announced the launch of a new tool called LIFEY - Lifestage Investments for You! To help its customers meet their life stage milestones. Anupam Guha, ICICI Securities said, “LIFEY will assist customers in smart asset allocation and construction of carefully curated portfolios primarily consisting of mutual funds based on fund selection by ICICIdirect’s research.”

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