Vodafone Idea FPO, future funding plans to ensure India remains strong
Tue, Apr 23, 2024 4:03 PM

Vodafone Idea FPO, future funding plans to ensure India remains strong

Vodafone Idea’s fully subscribed Rs 18,000 crore follow-on public offer (FPO) and other fund-raising plans will give the telecom operator enough firepower to compete with Reliance Jio and Bharti Airtel, and ensure that India remains a solid three-private telco market, analysts said. They added that the telco’s focus on its planned capex for 4G expansion and 5G rollout.

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3 Super-Safe Stocks That Could Reach 70 Consecutive Years of Dividend Rates
Tue, Apr 23, 2024 3:59 PM

3 Super-Safe Stocks That Could Reach 70 Consecutive Years of Dividend Rates

One of the most coveted distinctions a dividend-paying company can achieve is to become a Dividend King, for having made 50 consecutive annual increases to its payout. And some Dividend Kings have even longer track records.And while no Dividend King has paid and raised its dividend for 70 consecutive years, some will likely get there by 2032.

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1 Phenomenal Stock That Has Soared 60% in the Past 18 Months
Tue, Apr 23, 2024 3:57 PM

1 Phenomenal Stock That Has Soared 60% in the Past 18 Months

Investors recently have rushed back into positions in some of the world's most established and dominant businesses. That's certainly been the case with Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL).This tech titan's price has soared by about 60% in just the past 18 months -- a gain that well exceeds what the Nasdaq Composite index has put up.

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Tata Investment among 8 holding companies that have over 50%
Tue, Apr 23, 2024 3:54 PM

Tata Investment among 8 holding companies that have over 50%

Holding companies have consistently outperformed broader market indices as the returns across different investment periods have consistently surpassed those of benchmark indices, presenting better risk-reward prospects for passive investors over longer time frames, says a study by Ways2Wealth. JSW Holdings, Kalyani Investment, Summit Securities, Pilani Investment and Industries, Ramco Industries.

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This High-Yield Stock's More Conservative Approach Could Pay Big Dividend
Tue, Apr 23, 2024 3:49 PM

This High-Yield Stock's More Conservative Approach Could Pay Big Dividend

Kinder Morgan (NYSE: KMI) pays one of the highest-yielding dividends in the S&P 500. At 6.1%, it's several times above that broad market index's average of around 1.4%. The big-time payout is on a very firm foundation, thanks to the company's steady cash flow and conservative financial profile. The natural gas pipeline giant recently showcased its commitment to maintaining a conservative finance.

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Vertex Pharmaceuticals Just Made 2 Big Moves. Is the Stock a Buy?
Tue, Apr 23, 2024 3:49 PM

Vertex Pharmaceuticals Just Made 2 Big Moves. Is the Stock a Buy?

Vertex Pharmaceuticals (NASDAQ: VRTX) has long been known for its expertise in treating cystic fibrosis (CF). The biotech is the market leader, bringing in billions of dollars in revenue and profit annually from its CF drugs. And that's likely to continue thanks to solid technology and a late-stage candidate that might even beat Vertex's current products in efficacy.

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Ping An Profit Falls as Market Declines Hurt Investment Returns
Tue, Apr 23, 2024 3:47 PM

Ping An Profit Falls as Market Declines Hurt Investment Returns

Net income fell to 36.7 billion yuan ($5 billion) in the three months ended March 31, from 38.4 billion yuan a year earlier, the Shenzhen-based company said in a filing to the Hong Kong stock exchange Tuesday. Operating profit, which strips out one-time items and short-term investment volatility, fell 3%.

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Futures inch higher in run-up to corporate earnings
Tue, Apr 23, 2024 3:46 PM

Futures inch higher in run-up to corporate earnings

U.S. stock index futures rose marginally on Tuesday as some growth and chip stocks gained, while market participants geared up for a busy week of quarterly earnings that could help gauge the health of America's corporates. Most megacap growth stocks, including Meta Platforms, Microsoft and Tesla, edged up between 0.4% and 1.1% in premarket trading.

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Alang ship recycling falls to 16-year low; only 125 ships scrapped in FY24
Tue, Apr 23, 2024 3:43 PM

Alang ship recycling falls to 16-year low; only 125 ships scrapped in FY24

Ship recycling or shipbreaking in Alang fell to a new low of 125 ships dismantled in FY24 compared with 131 ships in the previous year, data from the Ministry of Ports, Shipping and Waterways and the Gujarat Maritime Board showed. The number of recycled ships was the lowest since FY08 and came amid growing competition from yards in neighbouring countries.

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Euro at highest since 2008 on yen, markets nervous about Toyko stepping
Tue, Apr 23, 2024 3:43 PM

Euro at highest since 2008 on yen, markets nervous about Toyko stepping

The yen hit fresh multi-year lows against the dollar and the euro on Tuesday, keeping investors on heightened intervention watch ahead of the Bank of Japan’s meeting this week, while dovish policy maker chatter left sterling around its softest in months. The euro, which climbed broadly after stronger than expected business activity data in France and Germany, reached 165.62 yen.

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Hindustan Unilever Q4 results tomorrow: FMCG major's revenue may rise
Tue, Apr 23, 2024 3:42 PM

Hindustan Unilever Q4 results tomorrow: FMCG major's revenue may rise

Hindustan Unilever (HUL) is expected to see muted earnings growth for the fourth quarter of FY24. HUL Q4 results are scheduled to be released tomorrow, April 24.The FMCG sector has seen the gap between urban and rural growth narrowing in recent quarters helped by lower base, good harvest and price cuts to beat local competition. However, analysts believe this growth is yet to be reflected across.

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Paints Sector: Inflation and intensifying competition pose double threat
Tue, Apr 23, 2024 3:41 PM

Paints Sector: Inflation and intensifying competition pose double threat

Domestic brokerage firm ICICI Securities, in its latest report, underscores the potential inflationary impact looming over crude oil derivatives used in paints as geopolitical tensions drive a surge in crude oil prices. The report suggests a high likelihood of inflation extending to other crucial commodities like titanium dioxide (TiO2) and vinyl acetate monomer (VAM).

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Small-cap stock below  ₹50: Dubai-based FII buys stake
Tue, Apr 23, 2024 3:40 PM

Small-cap stock below ₹50: Dubai-based FII buys stake

Small-cap stock below ₹50: Shares of Hampton Sky Realty Ltd are one of those small-cap stocks in the Indian stock market that are priced below ₹50. However, the small-cap stock is under the radar of foreign institutional investors (FIIs). Mauritius-based FII 3i Sigma Global Fund and Dubai-based Trans Galactic Trading FZ have made investments in this small-cap realty stock.

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📢 Benchmark indices close marginally higher today; Nifty around 74,000
Tue, Apr 23, 2024 3:35 PM

📢 Benchmark indices close marginally higher today; Nifty around 74,000

📈 Domestic benchmark indices closed on a flat note on 23rd April, 2024. 📢 At 3:30 PM, the Sensex gained 102.60 points or 0.14% at 73,751.22, and the Nifty was higher by 25.25 points or 0.11% at 22,361.65. 📊Among sectoral, Nifty Midcap 100(⬆️1.07%) turned out to be the best performer while Nifty Pharma(⬇️0.99%) saw considerable selling.

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Sakuma Exports rights issue 2024: Price, date to entitlement ratio
Tue, Apr 23, 2024 3:30 PM

Sakuma Exports rights issue 2024: Price, date to entitlement ratio

Sakuma Exports rights issue 2024: The rights issue of the Sukum Exports Limited is going to open on 25th April 2024 i.e. on Thursday this week. The Sakuma Exports Rights Issue 2024 will remain open till 13th May 2024. As Sakuma Exports Rights Issue 2024 record date was 115th April 2024, those who held Sakuma Exports shares on the Sakuma Exports Rights Issue record date are eligible to apply.

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