Minority shareholders are expected to benefit from the demerger of ITC’s hotel business into a separate entity, ITC Hotels, as it may unlock value for them and improve return ratios of the FMCG major, as per reports of four proxy advisory firms. The reports from proxy advisory firms, including InGovern Research Services, ISS and SES,…
Gold prices jumped 1% on Monday after a two-week low hit in the previous session as investors assessed diminishing bets of U.S. interest rate cuts ahead of a key inflation report due later in the week. Spot gold was up about 1% to $2,355.60 per ounce as of 10:05 a.m. ET (1405 GMT), having touched…
Ashok Leyland shares zoomed nearly 6% on BSE today to their new all-time high of Rs 222.80 after reporting a 20% year-on-year (YoY) increase in its Q4 net profit at Rs 900.41 crore. Revenues from operations in the quarter under review stood at Rs 11,266.69 crore as compared to Rs 11,625.67 crore in the year-ago…
Target Price: Rs 600Stop Loss: Rs 526 On a weekly time frame, Hindustan Petroleum Corporation Ltd has given a breakout of the Pennant Pattern on the upside forming a continuation pattern. On the EMA front, the prices are trading above important EMA’s (14,21,50) price trading above all the three EMA which indicates bullishness in the…
With the ongoing buzz around the Lok Sabha election results, markets are still witnessing strong volatility. India vix stood above 21 as of May 24. However, the week ended in green, with Nifty and Sensex only rising each day while closing near their all-time high zones. With a progressive movement and the indices constantly achieving…
Gold recorded its worst weekly slump this year in the week ending May 24 on hawkish FOMC minutes and robust US PMIs. Now, markets largely look for just one rate cut this year as traders readjust their rate expectations in the wake of the US data and the Fed’s stance. Spot gold closed with a…
Divi’s Laboratories on Saturday reported a consolidated net profit of Rs 538 crore for the quarter ended March 31, 2024, which was up 68% over Rs 321 crore reported by the company in the corresponding quarter of the last financial year. It was higher than the ETNow estimates of Rs 473 crore. The company also…
Workday shares dropped more than 13% on Friday, after the human resources software provider pared back its annual subscription revenue forecast as economic uncertainty and slower hiring hurt demand for its payroll services. Enterprises have slowed down hiring of new employees as they navigate pressures from higher-for-longer interest rates and sticky inflation. Workday is set…
Abhay Soi, MD & CEO, Max Healthcare, says in the previous year, EBITDA to free cash flow translation used to be 78%, it has come down to 70%. It is due to the higher amount of taxes that Max Healthcare is paying. Soi further says that any hospital chain which has capacity constraints going forward…
Britain’s National Grid plans to raise about 7 billion pounds ($8.9 billion) in the largest UK rights issue since 2009 as it gears up to invest 60 billion pounds in energy networks, it said on Thursday. Britain has a target to decarbonise its power sector by 2035, which will require many more renewable power plants…
