Cardano's price analysis is indicative of the fact that the bulls are fighting tooth and nail to reverse the bearish pressure that is being exerted by the crypto market. The prices of ADA have remained in a consolidation period as the bulls faced potent rejection at the $0.628 level. At the time of publishing, Cardano was trading at the $0.524 level.
Open FlipFriday came as a sigh of relief for investors as the market broke out of the clutches of a downward spiral and ended up recovering losses. Here are some stocks that moved the most last week: 1)Welspun Corp: Its stock price spiked more than 37%; 2)Ruchi Soya Industries: Its stock price spiked 24%; 3)Dr. Lal Pathlabs: Its stock price witnessed a drop of 14%.
Open FlipFactor Investing is a way of investing in which an investor selects securities he wants to invest in, based on certain attributes of those securities that are indicative of higher returns. Factor investing is relatively better than the traditional form of investing because it is statistically better in terms of performance, offers more transparency, and has a higher degree of diversification.
Open FlipMay 22nd has come as a relatively pleasant day for crypto investors as it was observed that a majority of cryptocurrencies logged gains today. The global crypto market cap witnessed a spike of 1.83 percent and rose to $1.26 trillion over the last day. At the time of publishing, the price of Bitcoin was $29,494.17 and that of Ethereum was $1,965.11. Both top currencies have logged losses.
Open FlipIt was observed that the market capitalization of three of the top five valued firms witnessed a gain of ₹1,78,650.71 crores last week. This massive Mcap growth was spearheaded by Reliance Industries. The past week was a relatively pleasant one for investors as the benchmark BSE Sensex spiked 1,532.77 points or 2.90 percent. Tata Consultancy Services and Infosys incurred losses last week.
Open FlipEconomies all over the world are suffering at the hands of rising inflation currently. The highly revered ace investor Mr. Warren Buffett has some advice on how to triumph over inflation. He, in a very simply worded suggestion, has advised people to invest in developing their skills as skills would help one brave through the torrid waters of inflation.
Open FlipIn a pleasant development, the government has slashed the excise duty on petrol by a whopping Rs8 per litre and the excise duty on diesel has been reduced by Rs 6per litre. The aforementioned duty cuts would result in a Rs9.5/L reduction in the price of Petrol and a Rs7/L reduction in the price of diesel. The prices of Petrol and diesel in Delhi stand at Rs95.91/L & Rs89.67/L respectively.
Open FlipInfosys, India’s second-largest software firm on Sunday revealed that its board has enacted the reappointment of Salil Parekh as managing director and chief executive officer for five more years. His new tenure will start in July. Parekh held a key position on the executive board of Capgemini, where he served for 25 years.
Open FlipHyundai Motor Group on Sunday revealed its plans of investing an extra $5 billion in the United States. The aforementioned funds would be used by the motor giant to bolster its partnership with U.S. firms in advanced technology. The company intends to make the investments by 2025. The funds would be deployed to develop robotics, urban air mobility, autonomous driving, and artificial intelligence.
Open FlipThe crypto market is witnessing one of the ghastliest crashes ever. The price of the "godfather" of all cryptocurrencies i.e. Bitcoin plunged below the $28,000 mark. The crash has triggered fear and anxiety among investors but analysts at Goldman and Sachs are of the opinion that the ongoing crash in the crypto market would not affect the US economy.
Open FlipMFine, a Healthtech startup run by Novocura Tech Health Services, has let go off over 500 employees owing to a funding crunch. The aforementioned startup is backed by investors like Beenext and Stellaris. The layoffs have been carried out across departments like data science, engineering, and product.
Open FlipOne company is expected to announce its Q4'FY22 results today (May 22, 2022). It is: ✅Quality Ro Industries Ltd: It is a major supplier of various water treatment products. It offers products like Membrane Housing & Bowls, PP Spun filters & alternative taps for various OEM RO Machines. How will the market react today? Stay tuned for more updates from FlipitMoney!
Open FlipThe Ministry of Power has taken several steps in the recent past to increase power generation in domestic coal-based plants as well as (imported coal-based) ICB plants. As per official data, the power generation by domestic coal-based plants that blend imported dry fuel has increased many-fold to 143 million units per day in May, in comparison to 66 MU in the same month a year ago.
Open FlipFaze Three Ltd has posted a total income of Rs. 156.73 crores during the period ended March 31, 2022, as compared to Rs. 132.69 crores during the period ended December 31, 2021. The company has reported a net profit / (loss) of Rs. 15.77 crores for the period ended March 31, 2022, against net a profit / (loss) of Rs. 12.65 crores for the period ended December 31, 2021.
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