On Tuesday, Leader of Opposition Rahul Gandhi accused BJP MP Anurag Thakur of "abusing and insulting" him during the Lok Sabha discussion on the Union Budget. Thakur had engaged in a heated exchange with Gandhi, criticizing those who questioned the caste census while not revealing their caste.
According to stockedge.com’s technical scan data, we've identified five stocks in the Nifty200 index that reached a 5-year swing high at the close on August 1, indicating a bullish trend.
Ola Electric Mobility aimed to secure ₹5,500 crore for its Gigafactory and R&D via a fresh issue, with an additional ₹646 crore through an offer for sale. Founder Bhavish Aggarwal's stake would reduce to 37% post-IPO. The company, dominant in the electric two-wheeler sector, reported operating losses in FY24. High-risk investors might find the IPO appealing.
Jefferies has maintained a buy rating on ITC with a target price of Rs 585. The 3% growth in cigarette business volume met expectations, and stable taxation suggests continued momentum in the coming quarters. However, other segments fell short in terms of revenues and margins.
The U.S. Department of Justice initiated an investigation into Nvidia after competitors alleged it used its dominance in AI chip sales to pressure cloud providers and charge higher prices for rival networking gear. Nvidia maintained it competes fairly based on innovation and following laws, while the DOJ gathered more information from rivals.
ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 620053.69 Crore) operating in Tobacco sector.
On August 1, according to stockedge.com’s technical scan data, the close prices of five stocks in the Nifty500 index surpassed their 200-day moving averages.
Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 223764.08 Crore) operating in Services sector.
The BSE Sensex was trading 674 points, or 0.82%, lower at 81,193, while the Nifty50 was down 187 points, or 0.75%, at 24,823 around 9:18 am.
In Parliament's Monsoon Session, lawmakers tackled key issues like NEET, unemployment, and airfare regulation. Union Ministers presented official papers, and elections for various committees were conducted. Discussions were held on the 2024-25 grants for Health and Fisheries Ministries and the Ministry of New and Renewable Energy's functioning.
Maruti Suzuki India Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 420011.97 Crore) operating in Auto sector.
The Enforcement Directorate initiated its first raids in Ladakh during a money laundering probe concerning a fake cryptocurrency scheme. Searches were conducted at six locations in Leh, Jammu, and Sonipat. Allegations were made that thousands of investors were defrauded by a group led by A R Mir, resulting in multiple FIRs being filed.
Ola Electric, an Indian electric scooter manufacturer, set the price for the institutional portion of its initial public offering at 76 rupees per share, securing $330 million. The IPO aims to raise a total of $734 million and has already attracted bids worth more than $2 billion from institutional investors.
Birlasoft Ltd. key Products/Revenue Segments include Software Development Charges for the year ending 31-Mar-2024.
Ola Electric's initial public offering opens on August 1, 2023, featuring a fresh equity sale of Rs 5,500 crore and an offer for sale of 8.4 crore shares. Analysts recommended subscribing due to Ola's market leadership in electric two-wheelers. The IPO price band was set at Rs 72-76 per share. The issue closes on August 6, 2023.
Snapchat's parent, Snap Inc., missed Q3 revenue expectations, causing an 18% drop in shares after-market. Competing with larger players like Meta and TikTok, the company has faced revenue pressures amidst high interest rates and tightened ad budgets. Although Daily Active Users rose, Snap's Q3 forecast fell short of Wall Street estimates.
Mahindra & Mahindra Ltd. key Products/Revenue Segments include Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car, Sale of services, Other Operating Revenue for the year ending 31-Mar-2024.
Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 253801.02 Crore) operating in Gas & Petroleum sector.
New Moon for August 2024 will be Sunday. On the New Moon day, the Sun and Moon will be aligned.
China's state media, athletes, and netizens have rallied to support Olympic swimming champion Pan Zhanle after critics, including an Australian swim commentator, criticized his 100 metres freestyle world record swim. Pan smashed his own record, shaving 0.40 seconds off the previous mark, to take China's first swimming gold medal at the Paris Olympic Games. He completed 21 doping test programs prior to and during the games with zero positive results.
Relaxo Footwears Ltd. key Products/Revenue Segments include Footwear, Scrap, Others, Wind Power, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2023.
Multibagger stock Aayush Wellness has set August 5 as the record date for its 10:1 stock split. Today is the last day to buy shares to qualify for the split, which will convert each share with a face value of Rs 10 into 10 shares with a face value of Re 1. The record date was confirmed in July, and investors purchasing shares on or after this date will not be eligible for the split benefits.
Futures & Options (F&O) contracts for a stock enter a trading ban when the open interest (OI) exceeds 95% of the market-wide position limit (MWPL). The ban is only lifted when the open interest drops below 80%. Traders dealing in indices are not affected by these security bans.
Yusuf Dikec of Turkey became an internet sensation after securing a silver medal in the mixed team 10-meter air pistol event at the 2024 Paris Olympics. His relaxed demeanor, casual attire, and unconventional shooting technique of keeping both eyes open distinguished him from other athletes, capturing widespread social media attention.