Executive director Ramesh Kalyanaraman dismissed this as "very absurd" in the call on Tuesday. The stock dropped 7% on Wednesday to close at ₹554.90, extending its losing streak to the ninth straight day. The 32% drop in the share price in this period has eroded the market cap of Kalyan Jewellers by ₹24,000 crore to ₹57,234 crore at the Wednesday close.
The residual passthrough of tariff hikes taken in July 2024 and higher mobile broadband user additions are expected to aid Airtel’s Q3. To be sure, the impact of last year’s price hikes is likely to boost APPU of all three private carriers, with Airtel set to be the top gainer.
ere’s an interesting fact about the stock markets. A large majority of those in the market will say they are long-term investors. The reality, however, is that if stocks correct and stay down for a few weeks or months, everyone starts worrying about their portfolio, and whether the stocks they own are worth holding. Whether we like it or not, major price movements of stocks tend to impact our decision-making and also make us anxious. One way to reduce the anxiety is to stay with companies where managements... Читать дальше...
What multiple voices screaming about high valuations could not do all this while, a rise in US bond yields and a weakening rupee have done in two weeks: Correcting the mid-cap segment. Unlike the past few months, which saw rotational profit-booking, this time the correction is taking place across the board. How long this phase continues will depend on multiple factors. From how the flows to mid-cap funds shape up, to macroeconomic factors like oil prices and the rupee’s movement. If the Nifty witnesses any more correction... Читать дальше...
Bajaj Finserv Ltd stock has rebounded from Rs 1,500 levels and reclaimed the 200-DMA. Traders can consider buying this stock for a target of Rs 1,850-1,900. The stock formed a Double Bottom pattern and closed at Rs 1,712 on January 14, 2025. It shows significant buying interest and strong trading volumes.
Technical analysis points to select stocks that may gain momentum even in volatile markets. Picks by the technical charts today.
In a recent development, it has been known that following the H-1B visa row a new MAGA war has erupted and latest reports are claiming that now it involves the alleged sex trafficker Andrew Tate.
In a recent appearance, the famous personality Stephen A. Smith revealed that he totally regrets voting for US Vice President Kamala Harris during the US Presidential Elections 2024 while he also claimed that he was totally misinformed regarding that.
Donald Trump is currently planning to put extreme pressure on China and its economy by imposing strong tariffs when he comes to power at the White House. However, it looks like Xi Jinping has some tricks up his sleeve as well to counter Trump's attempts
Recent reports have revealed that the wife of former US President Barack Obama and the former first lady Michele Obama is taking a break from her public life and speculations are going on regarding the fact that where she is staying among her four lavish properties whereas she is all set to skip the inauguration of US President- elect Donald Trump as well.