Granules India shares plunged over 16 percent during intraday trading on Thursday, September 12, following the company’s announcement that the USFDA’s inspection of its Gagillapur FD facility, conducted from August 26 to September 6, 2024, concluded with six observations. In response, the company issued a statement to reassure concerned investors, emphasizing its commitment to resolving … Read more
Rakhi 2024: Raksha Bandhan is a cherished Indian festival where sisters tie sacred ‘Rakhis’ around their brothers’ wrists. Brothers respond with various gifts, from cash and jewellery to smartphones and clothes. This year, elevate the tradition by choosing financial gifts that ensure your sister’s security and prosperity, offering more than just material items but a … Read more
Shares of V-Mart Retail soared almost 10 percent to their 52-week high on Thursday, extending gains for the second straight session after the firm posted robust results for the quarter ended June 2024 (Q1FY25). The stock rose as much as 9.8 percent to its 52-week high of ₹3,820 in today’s deals after a 6.66 percent … Read more
In a recent note, Rohit Sarin, Co-Founder of Client Associates, highlighted the notable momentum gained by India’s defence sector over the past five years. Supported by government initiatives like “Make in India” and a growing emphasis on self-reliance, the sector has experienced a significant rise in stock prices. The critical question arises: Are these defence … Read more
The idea is to use it as a tax book while filing returns. However, instead of easing compliance, it has often increased the burden on taxpayers mostly because details related to equity transactions in the statement are inaccurate. To make matters worse, the onus of fixing the errors lies with the taxpayers. Experts said the … Read more
His early investments, however, lacked direction and focus, Mishra admits. To get some feedback, he anonymously posted his portfolio on Reddit, a community-based platform. A fellow user pointed out that his portfolio was overcrowded with too many mutual funds, prompting Mishra to rethink his investment strategy. At the time, Mishra had 14-15 mutual fund schemes … Read more
Deepak Shenoy, the founder and CEO of Capitalmind, has cautioned investors about the current stock market movements. In a post late last night on social media site X (formerly known as Twitter), the market veteran said that anyone who has been an investor for more than five years “knows that many stocks are wildly overvalued”. … Read more
Famed English actor Michael Caine once said, “Save your money. You are going to need twice as much money in your old age as you think.” Given that the thespian is now 91 years old, he likely has valuable insights into retirement and old age. Planning for retirement is one of the most important financial … Read more
Abhimanyu is a smart trader who trades everything from crypto to derivatives to international stocks. He has made a fortune since he started during covid-19. In his early 20s, his colleague in the US introduced him to the financial markets. Abhimanyu used to work for a US firm, The covid-19 lockdown made him work from … Read more
The stock hit its record high of ₹1,199.35 and its market cap crossed $100 billion in intra-day deals today. The stock has now risen over 33 percent from its 52-week low of ₹898.85, hit on October 26, 2023. “While we estimate margins to remain range-bound in the near term, the operating leverage is emerging as … Read more