IPL 2024: 6 crucial financial lessons to learn
Thu, May 2, 2024 12:19 PM

IPL 2024: 6 crucial financial lessons to learn

IPL this year is truly living up to its reputation for excitement. From nail-biting matches to surprising upsets and the emergence of young talent. But there is something to learn: 📌Investing early in life 📌Do your homework 📌Diversification matters 📌Consistent investment equates to disciplined investments 📌Planning for emergency situations 📌Plan your way in advance

Open Flip
A contrarian stock market indicator is on the verge of flashing a 'buy'
Thu, May 2, 2024 12:19 PM

A contrarian stock market indicator is on the verge of flashing a 'buy'

Stocks are edging closer to a "buy" signal, according to BofA's contrarian market indicator. The bank's Sell Side Indicator is just three percentage points away from flashing a bullish reading. The backdrop for economic growth also looks strong, the bank's economists said in a note. A contrarian indicator in the stock market is edging closer to a "buy" signal, according to BofA.

Open Flip
Board of Salasar Techno Engineering gives an approval!
Thu, May 2, 2024 12:18 PM

Board of Salasar Techno Engineering gives an approval!

Salasar Techno Engineering Ltd (STEL)’s Board approved allotted equity shares and convertible warrants. 11,57,43,890 equity shares with a face value of Rs 1 each were issued to the "Non-Promoter, Public Category" as detailed in Annexure I, priced according to SEBI ICDR Regulations. This increases the company's fully paid-up capital to Rs 169,42,70,290 consisting of 1,69,42,70,290 equity shares.

Open Flip
American Express Stock (NYSE:AXP): Strong Earnings Strengthen the Bull Case
Thu, May 2, 2024 12:14 PM

American Express Stock (NYSE:AXP): Strong Earnings Strengthen the Bull Case

American Express (NYSE:AXP) is one of the few stocks that offers growth at a reasonable price (GARP). For instance, the company’s 19.1x P/E ratio isn’t overstretched, and financial growth is strong for the credit and debit card giant. While the company has been a GARP play for quite some time, its recent earnings report offers additional optimism.

Open Flip
Balu Forge Industries Ltd gained 5.36 percent
Thu, May 2, 2024 12:14 PM

Balu Forge Industries Ltd gained 5.36 percent

From Rs 92.55 per share (52-week low) to Rs 292 per share, the stock gave multibagger returns of 215.5 per cent in just 1 year whereas BSE Small-Cap Index is up by 63 per cent. Today, shares of Balu Forge Industries Ltd gained 5.36 per cent to Rs 292 per share from its previous closing of Rs 277.15 per share. The stock’s 52-week high is Rs 307 and its 52-week low is Rs 92.55.

Open Flip
Don’t miss the silver lining in the gold-equities bull run
Thu, May 2, 2024 12:12 PM

Don’t miss the silver lining in the gold-equities bull run

Silver has run up 13% since January, even after a recent correction from the record highs in mid-April. The rising interest in the white metal is reflected in silver ETFs, which now boast over ₹5,000 crore in assets under management (AUM). Prices of silver largely mirror those of gold. But while both are precious metals, though silver is deemed less so, the two differ in many respect.

Open Flip
Tata Motors Shares Extend Gains To 3rd Day As April Sales Numbers Come In
Thu, May 2, 2024 12:12 PM

Tata Motors Shares Extend Gains To 3rd Day As April Sales Numbers Come In

Tata Motors‘ share price was up for the third straight session as the company posted its sales numbers for the month of April. What Happened: The auto giant reported a year-on-year increase of 11.5% in total wholesales for April, reaching 77,521 units compared to 69,599 units in April 2023. The company’s total domestic sales also saw a rise of 12%.

Open Flip
REC shares zoom nearly 9% to fresh 52-week high post Q4 results
Thu, May 2, 2024 12:11 PM

REC shares zoom nearly 9% to fresh 52-week high post Q4 results

Shares of REC Ltd rallied 8.5% to its 52-week high of Rs 550.50 today after the company posted a 33% year-on-year (YoY) growth in its net profit to Rs 4,079 crore for the quarter ended March.The total income for the fourth quarter came at Rs 12,706.66 crore as against Rs 10,254.63 crore in the year-ago period, while the revenue from operations grew nearly 24% YoY to Rs 12,677.18 crore.

Open Flip
What are the implications of insider trading regulations on demat account?
Thu, May 2, 2024 12:08 PM

What are the implications of insider trading regulations on demat account?

Insider trading, the act of trading securities based on non-public information, has been a major concern for regulators around the world. It not only undermines market integrity but also raises questions about fairness and equality in the marketplace. To address this issue, various measures have been taken by regulators, including the introduction of the dematerialized (Demat) account system.

Open Flip
Bitcoin Faces Potential Further Decline to $50,000: Standard Chartered Bank
Thu, May 2, 2024 12:08 PM

Bitcoin Faces Potential Further Decline to $50,000: Standard Chartered Bank

Bitcoin Faces Potential Further Decline to $50,000, Says Standard Chartered Bank. Standard Chartered Bank has warned that Bitcoin's recent drop below the $60,000 mark could be the beginning of more significant losses in the near future. Geoffrey Kendrick, head of forex and digital assets research at Standard Chartered Bank, expressed concerns about the leading cryptocurrency's price trajectory.

Open Flip
Biz, trade caught between cyber cops & banks
Thu, May 2, 2024 12:07 PM

Biz, trade caught between cyber cops & banks

The plight of restaurants, retailers, small traders as well as larger companies, caught haplessly in the cross-hairs of banks and cops chasing the stolen money from cyber and phishing attacks is being called out by businesses whose funds are frozen. The urgency to end this menace that is unleashed in the course of cracking down on cybercrimes was put across by payment companies.

Open Flip
Russians Who Fled War Return in Boost For Putin’s War Economy
Thu, May 2, 2024 12:07 PM

Russians Who Fled War Return in Boost For Putin’s War Economy

As many as a million Russians fled for abroad in the first year of the Kremlin’s invasion of Ukraine. Now thousands are returning home, delivering a propaganda victory to President Vladimir Putin and a boost to his war economy. With the war still raging, and the man who started it about to assume another six-year term in power, many Russians are confronting a difficult choice.

Open Flip
HPCL, BPCL, IOC shares gain up to 7% after crude oil prices cool off
Thu, May 2, 2024 12:06 PM

HPCL, BPCL, IOC shares gain up to 7% after crude oil prices cool off

Shares of India's state-run oil refiners — Hindustan Petroleum Corporation Ltd. (HPCL), Bharat Petroleum Corporation Ltd. (BPCL) and Indian Oil Corporation Ltd. (IOC) are trading with gains of up to 7% on Thursday. After gaining over 30% so far this year, shares of HPCL are up another 7% today, while those of BPCL are up 40% this year already.

Open Flip
Cenovus Energy Stock (NYSE:CVE): Why Caution Is Warranted
Thu, May 2, 2024 12:05 PM

Cenovus Energy Stock (NYSE:CVE): Why Caution Is Warranted

Cenovus Energy (NYSE:CVE) (TSE:CVE) is a Canadian oil and gas company, with the majority of its production in the oil sands of Alberta. The company trades at 28.7x my estimate of normalized earnings, higher than its current P/E ratio. And with WTI Crude Oil (CM:CL) prices far above their inflation-adjusted average, caution is warranted.

Open Flip
SPARC shares advance after stock nearly halves in a 14-day losing streak
Thu, May 2, 2024 12:05 PM

SPARC shares advance after stock nearly halves in a 14-day losing streak

Shares of Sun Pharma Advanced Research Company (SPARC) Ltd. snapped a 14-day losing streak, to gain as much as 4% on Thursday. In the 14-day losing streak, the stock was locked in a lower circuit of 5% in 13 of them. Shares had opened lower on Thursday as well before recovering the losses to trade higher. During the 14-day losing streak, the stock had declined by 49%.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon