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.
Open FlipUS 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.
Open FlipGiven 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.
Open FlipShares 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.
Open FlipFactor 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.
Open FlipShares 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.
Open FlipShares 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.
Open FlipNifty 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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Open FlipToday, 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.
Open FlipSo 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.
Open Flip📌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
Open FlipAddex 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.
Open FlipCoimbatore-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.
Open FlipThe 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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