Shares of REC surged 9.5 percent in intra-day deals today, May 2 to hit a new high of ₹555.45 on the back of strong March quarter (Q4FY24) results. Including today’s rally, the stock has extended gains for the eighth straight session, soaring 30.5 percent in this period. The PSU (public sector undertaking) company posted a 33 … Read more
However, in March and February, the Nifty Midcap fell around 0.5 percent each while the Nifty Smallcap index declined 4.4 percent and 0.3 percent, respectively. Meanwhile, the benchmark rose over 1 percent in both those months, strongly outperforming the broader markets. Read here: General Elections 2024: Will Nifty extend gains for 4th straight month in … Read more
Nifty 50, which represents the country’s top 50 blue-chip companies across various sectors, closed the final trading day (Tuesday) of April, touching a historic peak of 22,783 points, marking a 0.61% increase. This surpasses its previous record high of 22,725 points. Today’s achievement signifies the index reaching a new peak approximately six times throughout April, … Read more
A loan against demat shares is a great borrowing option due to the following factors: Easier with the same financial institution: Applying for a loan from the same financial institution that holds your demat account can make the process smoother. The institution already has your shares as collateral, which streamlines the disbursal process. It’s important … Read more
Understanding these compliance obligations is crucial for maintaining a smooth and legally compliant investment journey. Also Read: Can you open a demat account without a PAN card? MintGenie answers In this article, we delve into the key compliance requirements that investors need to fulfill when opening and maintaining a demat account. These requirements encompass various … Read more
Investors also leverage demat accounts to build wealth by investing in fundamentally sound stocks for the long term. This approach enables them to benefit from capital appreciation, as well as additional perks such as dividends and bonus shares. Also Read: Can I hold bonds and mutual funds in my demat account? Mintgenie explains Moreover, in … Read more
Demat accounts serve as a crucial gateway to stock investing, enabling individuals to access various financial instruments and trade to capitalise on market movements. Similar to a bank account, a demat account securely holds your securities in electronic form, offering convenience and protection by eliminating the need for physical share certificates. Opening a demat account … Read more
Presently, India finds itself amidst a favourable convergence of macro and micro factors, including subdued inflation rates, stable crude oil prices, decreasing 10-year G-sec yields, a steady currency, and robust corporate earnings. In the short term, market movements will likely be influenced by two main factors: The results of the upcoming Lok Sabha elections scheduled … Read more
Among these, dividends stand out as one of the most common forms of rewarding shareholders, involving the distribution of a portion of the company’s profits to its shareholders. Public sector companies are particularly known for their consistent dividend payouts. To capitalise on corporate actions, investors need to stay abreast of the announcements made by companies … Read more
The combined market valuation of seven out of the ten most valued companies surged by ₹59,404.85 crore during the holiday-shortened last week, with Bharti Airtel and ICICI Bank emerging as the biggest gainers, PTI reported. In the ranking of top-10 firms, Reliance Industries (RIL) maintained its position as the most valued company, followed by Tata … Read more