Two-wheelers likely to report double-digit YoY growth in April sales
Tue, Apr 30, 2024 5:19 PM

Two-wheelers likely to report double-digit YoY growth in April sales

Domestic brokerage Anand Rathi Securities anticipates strong double-digit YoY growth for two-wheeler wholesale volumes in April, driven by good demand — as retail volumes were up over 30% and a favourable base. While Hero MotoCorp, TVS and Bajaj are likely to witness good volume growth in the 2-wheeler segment, M&M and Tata might post volume growth in the PV and CV segments.

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Stock market today: US futures hit pause with Fed in focus
Tue, Apr 30, 2024 5:16 PM

Stock market today: US futures hit pause with Fed in focus

US stocks hit pause on Tuesday as investors marked time ahead of the Federal Reserve's rate decision, with earnings from Amazon (AMZN) on deck to test prospects for a further Big Tech-fueled rally. 📌Futures on the S&P 500 (^GSPC) and the tech-heavy Nasdaq 100 (^NDX) slipped roughly 0.1% after closing with small gains. Dow Jones Industrial Average (^DJI) futures wavered below the flatline.

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Could Buying a Bitcoin ETF Help You Become a Millionaire?
Tue, Apr 30, 2024 5:12 PM

Could Buying a Bitcoin ETF Help You Become a Millionaire?

Given Bitcoin's historical track record of delivering market-beating returns, individual investors could have a fantastic new tool for reaching their future wealth goals. But can investing be the path to millionaire status? If you think that the price of Bitcoin is going to skyrocket, then one of the best possible ways to get exposure to that could be investing in one of the new spot Bitcoin ETFs.

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Honasa Consumer recovers in April after sharp decline in last 2 months
Tue, Apr 30, 2024 5:05 PM

Honasa Consumer recovers in April after sharp decline in last 2 months

Shares of Honasa Consumer, Mamaearth parent, hit a record high of ₹510.75 apiece earlier this year on January 23 but then entered a path of correction. It fell 11.5 percent and 2.8 percent in February and March, respectively. However, the month of April has seen some recovery with the stock rising almost 8 percent.The scrip, which was listed on the bourses on Nov 7, 2023, is currently trading.

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Understanding factor investing in equities through a different lens
Tue, Apr 30, 2024 5:01 PM

Understanding factor investing in equities through a different lens

Factor Investing is an investment strategy that involves capturing specific attributes or factors through multiple approaches. The concept emerged from the theory of Efficient Market Hypothesis (EMH) by Eugene Fama in his publication in 1970. As per EMH, current stock prices capture all the existing available information, making them fairly valued all the time.

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Is Alphabet Stock Going to $225? 1 Wall Street Analyst Thinks So
Tue, Apr 30, 2024 4:56 PM

Is Alphabet Stock Going to $225? 1 Wall Street Analyst Thinks So

Shares of Google's parent company, Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), have risen about 60% over the past year, but there could be more fuel in the tank. Susquehanna analyst Shyam Patil recently raised Google's price target on Alphabet to $225 from $170 and maintained the firm's positive rating. First-quarter Google advertising sales climbed 13% year over year.

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Tejas Networks records 77% surge in Apr achieves 3000% growth over 4 years
Tue, Apr 30, 2024 4:56 PM

Tejas Networks records 77% surge in Apr achieves 3000% growth over 4 years

Shares of Tejas Networks, a Tata Group-backed company, have been making headlines throughout April as the stock consistently reached new highs. In today's trading session, it continued its upward momentum by surging 6% to achieve a new lifetime high of ₹1,183.35 apiece. Throughout the current month, the stock has gained nearly 77%, soaring from ₹656.40 apiece to the current market price of ₹1,159.

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Tech View: Nifty forms Shooting Star candle
Tue, Apr 30, 2024 4:55 PM

Tech View: Nifty forms Shooting Star candle

Nifty on Wednesday ended about 39 points lower to form a Shooting Star pattern on the daily chart to indicate a strong possibility of further weakness from current levels. The short-term moving averages are just below the price action and should continue to support the indices on any decline. Support for Nifty is now seen at 22,500 and 22,300-350 levels.

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Should You Buy Roku Stock on the Dip?
Tue, Apr 30, 2024 4:53 PM

Should You Buy Roku Stock on the Dip?

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now. Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002.

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UCO Bank witnessed a decline in NPA by 132 bps to 3.46%
Tue, Apr 30, 2024 4:48 PM

UCO Bank witnessed a decline in NPA by 132 bps to 3.46%

Today, the shares of UCO Bank Limited witnessed a spurt in volume by more than 2.06 times. The company's current market capitalization standing at Rs 68,555.46 crore. On Tuesday, the stock opened at Rs 58.80, with the previous closing being Rs 58.50. The 52-week high and low are Rs 70.66 and Rs 25.65, respectively as per BSE.

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1 Magnificent Dividend Growth Stock That's Down 40%
Tue, Apr 30, 2024 4:43 PM

1 Magnificent Dividend Growth Stock That's Down 40%

So far, 2024 has been a year to forget for animal healthcare juggernaut Zoetis (NYSE: ZTS). Hit by the triple whammy of weak earnings, a formal investigation from the European Commission, and adverse events linked to some of its newest medicines, Zoetis has seen its share price plunge 27% this year and 40% from its all-time highs.

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Shares below Rs 100: Only buyers were seen in these stocks on April 30
Tue, Apr 30, 2024 4:41 PM

Shares below Rs 100: Only buyers were seen in these stocks on April 30

📌Transvoy Logistics India |LTP: 72.42 📌ITCONS E-Solutions | LTP: 61.80 📌Williamson Magor Company | LTP: 41.10 📌Sri Lakshmi Saraswathi Textiles Arni | LTP: 47.47 📌Daulat Securities |LTP: 50.02 📌Blue Cloud Softech Solutions |LTP: 88.02 📌DB (International) Stock Brokers |LTP: 61.61 📌S V J Enterprises |LTP: 30.69 📌India Finsec |LTP: 99.17 📌Gujarat Petrosynthese| LTP: 84.63

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Addex stock tanks after lead drug flops in Phase II epilepsy trial
Tue, Apr 30, 2024 4:25 PM

Addex stock tanks after lead drug flops in Phase II epilepsy trial

Addex Therapeutics’s lead drug candidate, developed in collaboration with Johnson and Johnson (J&J), has failed to meet endpoints in a Phase II trial.Following the release of the Phase II top-line results, the Swiss company’s stock was down by 53.3% at the market close on 29 April compared to the market close on the previous day. According to Yahoo Finance, Addex’s market cap stands at $8.8m.

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LG Balakrishnan trims FY25 revenue target to ₹2,500 crore
Tue, Apr 30, 2024 4:23 PM

LG Balakrishnan trims FY25 revenue target to ₹2,500 crore

Coimbatore-based LG Balakrishnan and Bros has trimmed its revenue target to ₹2,500 crore for the current financial year (FY25) from ₹2,600-₹2,800 projected earlier. The blended margin target has also been toned down to 17% from 19-20% targeted earlier. In an interview with CNBC-TV18, B Vijayakumar, CMD said, the company will strive to achieve a 10% revenue growth run-rate.

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Saudi Arabia card payments market to grow by 7.6% in 2024
Tue, Apr 30, 2024 4:21 PM

Saudi Arabia card payments market to grow by 7.6% in 2024

The Saudi Arabia card payments market is forecast to grow by 7.6% to reach SAR550.5bn ($146.8bn) in 2024, driven by consumers’ increasing preference for electronic payments, a surge in contactless payments, and the government’s push for a cashless society, according to GlobalData, a leading data and analytics company. GlobalData’s Payment Cards Analytics, reveals that card payment value in Saudi.

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