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Showing posts with the label equity ttips

विप्रो (Wipro) ने किया गूगल क्लाउड (Google Cloud) के साथ साझेदारी का विस्तार

प्रमुख आईटी सेवा प्रदाता बहुराष्ट्रीय कंपनी विप्रो (Wipro) ने गूगल क्लाउड (Google Cloud) के साथ साझेदारी का विस्तार किया है। गूगल क्लाउड प्लेटफॉर्म (Google Cloud Platform) या जीसीपी गूगल द्वारा पेश किया गया क्लाउड कंप्यूटिंग सेवाओं का एक सूट है। विप्रो ने वैश्विक उद्यमों के लिए क्लाउड अपनाने और डिजिटल परिवर्तन में तेजी लाने के लिए गूगल क्लाउड के साथ साझेदारी का विस्तार किया है। सॉफ्टवेयर सेवाओं निर्यातक विप्रो ने कहा कि कंपनी के पास जीसीपी पर केंद्रित एक समर्पित व्यवसाय है, जो उद्यमों के लिए व्यापार और प्रौद्योगिकी परिवर्तन (Technology Transformation) में सहयोग करता है। दूसरी ओर बीएसई में विप्रो का शेयर 249.00 रुपये के पिछले बंद स्तर के मुकाबले आज मामूली बढ़ोतरी के साथ 250.00 रुपये पर खुल कर धीरे-धीरे गिरता हुआ 249.20 रुपये तक आया, मगर करीब 10.40 बजे से इसने ऊपर चढ़ना शुरू कर दिया है। करीब 11 बजे विप्रो के शेयरों में 1.65 रुपये या 0.66% की मजबूती के साथ 250.65 रुपये के भाव पर लेन-देन हो रही है। इस भाव पर कंपनी की बाजार पूँजी 1,51,276.29 करोड़ रुपये है। बता दें कि पिछले 52...

Podcast | Stock picks of the day: Bank Nifty could move towards 31,000-31,200 levels

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We expect the current market momentum to carry forward, which could lift the Nifty towards the 11,700-11,720 levels. It was 'bull's day out' on July 11 as Nifty staged a smart comeback amid all-round buying momentum in scrips across sectors. The Nifty found support around its 100-DMA of 11,450 and then bounced back. The index also created higher lows for the third consecutive day, which is another positive development. Going forward, we expect the current market momentum to carry forward, which could lift the Nifty towards the 117,00-11,720 zone, also its 50-DMA resistance. The Bank Nifty found support around its 50-DMA, which stood at 30,600. The index has managed to hold above the rising trendline support zone of 30,400, which indicates that the higher top-higher bottom structure continues to remain intact. Going forward, the Bank Nifty has the potential of moving higher towards 31,000-31,200 in the near term. Support is seen around the 30,400 ma...

Yes Bank needs capital quickly to heal itself, calm investors

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Yes Bank Ltd’s shares have had a lousy run this year, losing a whopping 67% since April and underperforming benchmark indices by a massive margin. Indeed, at the current price the stock trades at below its estimated book value for FY20. Even so, analysts are in no hurry to rerate the stock. A new and strong management, and the move to come clean on the toxic level of its loan book hasn’t enthused investors to buy. Scepticism is rampant in the market and the lender’s formal release on Monday stating that these are unfounded concerns shows it knows the market’s sentiment is against it. Analysts at brokerage firm Jefferies India Pvt. Ltd, for instance, have pointed out the bank’s vulnerabilities and questioned its level of capital. “Discussion with market participants leaves us with an impression that the bank may not have come clean on the pool of stressed loans or its impact on the book value. This has created a trust deficit," said Jefferies India in a ...

Rupee opens lower at 68.99 per dollar

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USD-INR pair is expected to quote in the range of 69.05 and 69.50, says Motilal Oswal. The Indian rupee opened lower by 13 paise at 68.99 per dollar on Wednesday versus 68.86 yesterday. Rupee consolidated in a narrow range ahead of the important fiscal number that will be released this week. Market participants were also cautious ahead of the outcome of RBI's first-ever rupee-dollar swap auction, said Motilal Oswal. The RBI infused Rs 34,561 crore into the banking system in exchange for dollars, in its first dollar-rupee swap auction. Through the auction, RBI bought dollars totaling USD 5.02 billion at a premium of Rs 7.76, which works out to an annualized rate of 3.76% from authorized dealers and paid them rupees in return. Today, USD-INR pair is expected to quote in the range of 69.05 and 69.50, it added. Best Share Market News, Click Here To Get More News -  Stock Market tips , for 2 Days Free Trial give a missed call @9644405056 and ...

पिरामल एंटरप्राइजेज (Piramal Enterprises) के शेयर में करीब 1.5% की मजबूती

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प्रमुख हेल्थकेयर कंपनी पिरामल एंटरप्राइजेज (Piramal Enterprises) के शेयर में 1.5% की मजबूती देखने को मिल रही है। कंपनी ने 10 लाख रुपये प्रति वाले 3,500 गैर-परिवर्तनीय डिबेंचर (Non-Convertible Debentures) वापस खरीद लिये हैं। 24 दिसंबर 2018 को आवंटित किये गये ये डिबेंचर एनएसई (NSE) के थोक ऋण बाजार सेंगमेंट (Wholesale Debt Market Segment) पर सूचीबद्ध किये गये थे। अब कुल 1,500 डिबेंचर बकाया रहेंगे। दूसरी तरफ बीएसई में पिरामल एंटरप्राइजेज का शेयर 2,612.25 रुपये के पिछले बंद स्तर के मुकाबले मामूली बढ़त के साथ 2,619.80 रुपये पर खुल कर अभी तक के सत्र में 2,653.20 रुपये के ऊपरी स्तर तक चढ़ा। सुबह 10 बजे के करीब यह 38.20 रुपये या 1.46% की बढ़ोतरी के साथ 2,650.45 रुपये के भाव पर चल रहा है। वहीं इसके पिछले 52 हफ्तों का शिखर 3,302.55 रुपये और निचला स्तर 1,796.75 रुपये रहा है। पिरामल एंटरप्राइजेज, जिसे पहले पिरामल हेल्थकेयर के नाम से जाना जाता था, पिरामल ग्रुप की सबसे बड़ी कंपनी है। पिरामल एंटरप्राइजेज जिन व्यापार क्षेत्रों में सक्रिय है, उनमें हेल्थकेयर, जैव विज्ञान, सूचना प्रबंधन औ...

Mindtree falls as L&T announces acquisition of company's stake

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L&T has appointed Axis Capital and Citigroup Global Markets India as the managers to the open offer. Shares of MindTree fell 1 percent in early trade on Tuesday after L&T said on March 18 it would buy 20.32 percent stake at Rs 980 per share in Mindtree for Rs 3,269 crore. Larsen and Toubro (L&T) also made an open offer for acquisition of up to 5,13,25,371 fully paid-up equity shares having a face value Rs 10 of Mindtree representing 31 percent of the voting share capital at Rs 980 per share, as company BSE Release. L&T has appointed Axis Capital and Citigroup Global Markets India as the managers to the open offer. The stock price of L&T also fell about 1.5 percent to Rs 1,359.20. Also, Read - How investors should play the race for Mindtree However, the promoters of the company, Krishnakumar Natarajan, Subroto Bagchi, Rostow Ravanan and Parthasarathy NS in their statement on BSE said they would unconditionally oppose the reported hos...

PNB tops among PSBs in implementing banking reforms.

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Punjab National Bank (PNB), the victim of India's biggest banking scandal last year, has been ranked first among the public sector banks (PSBs) in implementing banking reforms, according to a report released on Thursday. The trend of rising Gross NPAs, or bad loans, in the system has been reversed with the non-performing assets (NPAs) ratio on the decline for the last three quarters, said the Boston Consulting Group (BCG)-Indian Banks' Association (IBA) report. The report - EASE Reforms for Public Sector Banks - said GNPAs lowered by Rs 31,168 crore in this period, GNPA ratio has started declining after peaking in March 2018 and has declined for three successive quarters since then. In its ranking on the criterion of implementing banking reforms, PNB was followed by Bank of Baroda and State Bank of India (SBI). The report measures the performance of each PSB on 140 objective metrics across 6 themes, including customer responsiveness, credit offtake, and digitalization. PNB...

Hero MotoCorp, TVS Motor, Bajaj Auto facing the heat of high inventory levels

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It looks like the pressure on two-wheeler companies is mounting. February data on two-wheeler retail sales paint a weak picture for March quarter sales, analysts at some leading brokerage firms have pointed out. Even though dispatches from companies to dealers were lowered, inventory continues to pile up. Discounts and incentives are failing to power sales. Inventory levels continue to remain high at 40-45 days, with no respite seen in the near term. Normally, with January and February being the season for weddings, demand for two-wheelers tends to rev up. For instance, sales grew 25-35% year-on-year in these two months. The slowdown in two-wheeler sales was triggered by a hike in insurance premium about six months ago. The payment schedule for mandatory third-party insurance was changed from an annual fee to a five-year term, payable upfront at the time of purchase of a new bike. This led to a sharp increase in the purchase price of motorcycles. Meanwhile, Bajaj Auto Ltd’s ag...

Trends on SGX Nifty indicate a flat opening for the benchmark index in india.

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Market Opens : It is a strong start for the indices on Thursday with Nifty trading around 10,850 level. At 09:18 hrs IST, the Sensex is up 139.66 points at 36045.09, while Nifty is up 40.90 points at 10847.60. About 525 shares have advanced, 138 shares declined, and 33 shares are unchanged.  Tata Metaliks, Future Retail, Yes Bank, Tata Motors, Coal India, Adani Ports, Quick Heal, Motherson Sumi, Balrampur Chini, Maruti Suzuki are among major gainers on the indices, while losers are ONGC, Wipro, Indiabulls Housing, Jet Airways, Odisha Cement, TCS, and HCL Tech. All the sectoral indices are trading in green led by PSU bank, auto, energy, and FMCG. Best Share Market News, Click Here To Get More News - Stock Market tips , for 2 Days Free Trial give a missed call @9644405056 and Get Share Market Services.

Tata Steel climbs over 1% after board okays issuance of debt securities.

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Tata Steel proposes to issue a total of 40,000 NCDs of face value Rs 10 lakh each.  Shares of Tata Steel climbed over 1 percent in morning trade on Wednesday, a day after its board approved the issuance of debt securities worth Rs 5,000 crore.  However, the scrip cooled off and traded almost flat at Rs 504.40 on BSE around 12 pm.  The Tata Steel board on Tuesday had approved the company's decision to issue debt securities worth Rs 5,000 crore, comprising unsecured non-convertible debentures (NCDs) of up to Rs 4,000 crore plus a greenshoe option of Rs 1,000 crore, on a private placement basis.  Tata Steel proposes to issue a total of 40,000 NCDs of face value Rs 10 lakh each, aggregating Rs 4,000 crore, plus a greenshoe option of Rs 1,000 crore.  The move comes at a time when Tata Steel is integrating its Rs 35,200-crore acquisition of stressed asset Bhushan Steel, acquiring Usha Martin’s steel business for Rs 4,500 crore, and expanding its ...

Eye on future! Is Warren Buffett's 90/10 investing strategy for Indian investors?

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A suitability of 90/10 retirement strategy is further subjected to a willingness to withstand in bear phase and duration between now and retirement period. By Dinesh Rohira Retiring investor in India might often get prompt to adopt Warren Buffett’s investing strategy of aggressive risk tolerance on the face value of earning higher returns. As highlighted in his 2013 letter to Berkshire Hathaway shareholders about his 90/10 strategy with 90 percent allocation going into equity and remaining 10 percent in bond. It significantly paid off over a longer period with stocks earning about 60 percent returns in comparison to 8 percent by bonds on the overall portfolio. The basic fundamental that he intended to cover in his letter revolved around retirement strategy with asset allocation overweighing on equities and overlooking on the emotion among other takeaways. However, adopting this kind strategy comes with a deep understanding of the market and anticipating the...

Investors' summit a gimmick, waste of funds: Oppostion

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"The investors' summits have become a fashion for BJP governments to spend people's hard-earned money like water... It could have been put to better use for providing the much-required help to the poor, downtrodden and youth, among others," BSP president Mayawati said about the two-day UP Investors' Summit 2018, which ended yesterday. The Samajwadi Party and the Bahujan Samaj Party today lashed out at the Uttar Pradesh government for "wasting" funds in the name of a business summit and termed it a "gimmick" ahead of the Lok Sabha polls, due next year. "The investors' summits have become a fashion for BJP governments to spend people's hard-earned money like water... It could have been put to better use for providing the much-required help to the poor, downtrodden and youth, among others," BSP president Mayawati said about the two-day UP Investors' Summit 2018, which ended yesterday. Terming the summit an att...

PNB fraud LIVE: FinMin writes to four Hong Kong banks that got LOUs

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This blog will give you the latest news and updates on the Rs 11,400-crore PNB fraud case. Finance Ministry has written to four Hong Kong banks that got LOUs Finance Ministry sources told ANI that they will write letters to SBI, Axis Bank, Allahabad Bank and Bank of India telling them to reconcile accounts and check for irregularities. The sources added that several regulatory measures are put in place - all banks are to reconcile LoUs they have given, PSU banks are to appoint special representative or agency to monitor status for all loans above Rs 250 crore and consortium cannot exceed 7 banks. PNB tops the list in losing Rs 1,790 crore due to 9 jeweller defaulters: Report Punjab National Bank (PNB) tops the list in a data report which shows that gems and diamonds traders have cost banks over Rs 5,000 crore through 90 defaults. The Federation of Bank of India Staff Unions (FBISU) compiled data, accessed by The Times of India, shows that PNB, due to nine defaulters, has ...

L&T construction arm bags orders worth Rs 1,266 cr

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Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 1,266 crore across business segments. Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs 1,266 crore across business segments. L&T said its buildings and factories business has bagged orders worth Rs 928 crore. "An order has been bagged from a reputed government client to construct 284 residential towers under the Pradhan Mantri Awas Yojana Scheme in various locations of Krishna District of Andhra Pradesh," the engineering and construction major said in a BSE filing. Meanwhile, its power transmission and distribution business and transportation infrastructure business secured an order from the Mumbai Metro Rail Corporation Ltd. (MMRC) worth Rs 338 crore. The order bagged by L&T's power transmission and distribution business will be jointly executed with its transportation infrastructure business. Shares of the company were...

Titan, Bajaj Finserv, Grasim up 1% on Nifty rejig

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Shares of Ambuja Cements, Aurobindo Pharma and Bosch slipped 1-2.5 percent as they were excluded from the Nifty 50 index. Shares of Bajaj Finserv, Grasim Industries and Titan Company rose more than 1 percent intraday Thursday as they were included in Nifty 50 index. Meanwhile, shares of Ambuja Cements, Aurobindo Pharma and Bosch slipped 1-2.5 percent as they were excluded from the Nifty 50 index The changes were announced by India Index Services and Products, an arm of the National Stock Exchange (NSE) as part of its periodic review. The said changes will get implemented with effect from April 2, 2018. Also, Punjab National Bank (PNB) will move out of the NSE's Nifty Midcap 100 index. At 10:10 hrs Ambuja Cements was quoting at Rs 256.55, down 1.95 percent and Titan Company was quoting at Rs 828.90, up 0.73 percent on the BSE. Two days Free Trials and best services packages for dealing in Stock market click here to get >> Nifty Opt...

Asia stocks slip as US rate risk lifts bond yields

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Japan's Nikkei shed 1 percent even as the yen gave back some of its recent gains on the dollar. Asian shares slipped on Thursday as the risk of faster hikes in U.S interest rates lifted short-term Treasury yields to the highest in almost a decade and boosted the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.35 percent in early trade, while E-Mini futures for the S&P 500 lost 0.2 percent. Japan's Nikkei shed 1 percent even as the yen gave back some of its recent gains on the dollar. On Wall Street the Dow had ended Wednesday down 0.67 percent, while the S&P 500 fell 0.55 percent and the Nasdaq 0.22 percent. The retreat came after minutes of the Federal Reserve's last policy meeting showed the usual concerns that inflation might disappoint, but also an expectation of faster economic growth due to fiscal stimulus. In particular, members agreed that "the strengthening in the near-term economic outlook increased the lik...