These 6 stocks hit fresh 52-week highs; rallied up to 11% in a month
A stock's 52-week high is its peak price over the past year, providing valuable context for traders and investors.
A stock's 52-week high is its peak price over the past year, providing valuable context for traders and investors.
Commerce Minister Piyush Goyal launched a district master plan for infrastructure planning in 27 aspirational districts under the PM GatiShakti initiative. The plan aims to cover over 750 districts in 18 months. Guidelines for preparing logistics plans were also introduced. The GIS-enabled platform is developed by BISAG-N and will enhance data-backed decision-making.
Chief Election Commissioner Rajiv Kumar dismissed Congress claims of EVM tampering in Haryana due to battery strength variations. He clarified that new batteries are installed before elections and batteries are not network-connected like pagers. The Election Commission received 20 complaints and will respond publicly, while Congress alleged discrepancies favoring BJP based on battery percentages.
The Delhi High Court division bench has allowed Zydus Lifesciences to sell its breast cancer drug Sigrima amidst accusations of it being similar to Roche's Perjeta. The court invalidated an earlier restraint order, noting no patent infringement by Zydus.
Inflation is projected to align with the 4 percent target in the coming fiscal, according to Reserve Bank deputy governor Michael Patra. He mentioned climate change and digitisation as future challenges to monetary policy. Patra noted that inflation, which peaked at 7.8 percent in April 2022, is expected to average 4.5 percent in 2024-25.
RBI Deputy Governor Swaminathan J emphasizes the evolving role of central banks in maintaining financial stability, likening them to unnoticed performers during successes but criticized during failures. He highlights the importance of balancing resilience and innovation to prevent systemic risks without hampering economic progress.
Czech automaker Skoda is set to launch its all-new compact SUV, Kylaq, in India early next year to compete in the sub-4 meter vehicle segment, aiming to boost sales and expand its sales outlets to over 250. The company also plans to export the model in the Asia Pacific region.
The Competition Commission of India approved Central Bank of India's acquisition of 24.91% and 25.18% equity stakes in Future Generali India Insurance and Future Generali India Life Insurance, respectively, through the Insolvency and Bankruptcy Board of India's resolution process. This followed Central Bank of India's successful bid for debt-ridden Future Enterprises Ltd's assets.
Adani Airport Holdings Ltd will invest Rs 1,300 crore to expand Thiruvananthapuram International Airport by 2027. The project, starting this financial year, will significantly enhance the airport's facilities, including a new terminal, hotel, and improved parking. The expansion will increase the terminal's capacity from 3.2 million to nearly 12 million passengers annually.
The DPIIT has relaxed quality control norms for cookware and utensils for micro units, exempting enterprises with investments under Rs 25 lakh and turnover below Rs 2 crore. Large and medium manufacturers will implement changes by April 2025, while small and micro enterprises have deadlines extended to July and October 2025, respectively.
Construction and infrastructure company KBC Global Ltd on Tuesday said it plans to raise up to Rs 100 crore through an issue of equity shares. The board of the company will meet on October 16 (Wednesday) to consider and approve a proposal to raise up to Rs 100 crore through an issue of equity shares via permissible modes, including preferential allotment and warrants, the company said in a statement.
Telecom Minister Jyotiraditya Scindia confirmed that satellite spectrum will be allocated administratively, not without cost. TRAI will decide the allocation formula. The Telecom Act 2023 supports administrative allocation, unlike Reliance Jio, favoring auctions. Bharti Airtel’s Sunil Mittal believes the satcom sector should follow telecom rules.
Country's largest airline IndiGo on Tuesday said IndiGo Ventures has received approval from market regulator Sebi to launch a venture capital fund, which is expected to start investments by the end of this fiscal. IndiGo Ventures, the airline's corporate venture capital fund, has received the Alternative Investment Fund approval from Securities and Exchange Board of India (SEBI).
Long unwinding happens when investors sell assets they've held for a while, either to lock in profits or because they expect prices to fall.
The Automotive Research Association of India (ARAI) had raised concerns about Ola Electric’s failure to inform the agency of a price reduction for its S1 X 2 kilowatt-hour model before initiating its high-profile “BOSS” sale.
After five weeks, Samsung India workers have called off their strike and will return to work, as announced by the Tamil Nadu government. The strike, the largest labor dispute in recent years in India, disrupted production at a critical plant in Chennai, which accounted for about one-fifth of Samsung's $12 billion sales in India in 2022-23. Workers had been demanding higher wages and union recognition.
Ashton Kutcher and Mila Kunis are reportedly thinking about relocating to Europe, possibly in order to avoid the recent scandals surrounding Ashton's previous relationships, such as those with Sean Diddy Combs.
Seven flights, including one to the US, received bomb threats via social media on Tuesday. Security agencies performed counter-terrorist drills at various airports. An X handle issued the threats, leading to flights being diverted and safety checks conducted. Indian cyber-security agencies and police are working to trace the suspects behind the threats.
DY Chandrachud, discusses his family's challenges with nemaline myopathy, highlighting the emotional and practical difficulties. He calls for increased awareness, better testing infrastructure, and robust support systems to help families managing this rare genetic condition affecting skeletal muscles.
The Election Commission announced bypolls for Wayanad and Nanded seats. Priyanka Gandhi is likely to make her electoral debut from Wayanad after Rahul Gandhi vacated it. Rahul will continue representing Raebareli. Polls for Wayanad and other by-elections will be held on November 13 and results will be declared on November 23.
Shares of Garuda Construction and Engineering Ltd on Tuesday jumped over 12 per cent in market debut trade against the issue price of Rs 95. The stock listed at Rs 103.20, registering a jump of 8.63 per cent from the issue price on the BSE. During the day, it surged 27.08 per cent to Rs 120.73. Shares of the firm ended at Rs 106.83, rising 12.45 per cent.
Wall Street's main indexes were mixed on Tuesday as investors parsed quarterly results from companies such as UnitedHealth and Bank of America.
Israel's military operations hint at expanding ground actions against Hezbollah, with fortifications and demining activities along the Golan Heights-Syria frontier. These maneuvers aim to strike Hezbollah from the east and create a secure buffer zone, potentially escalating conflict involving regional allies like Iran.
HDFC Bank is a highly sought-after stock among mutual fund managers, with 609 schemes holding a combined 154.47 crore shares worth Rs 2.67 lakh crore. This demonstrates a significant level of confidence in the bank's future performance.