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Coal India share price surged as high as 5.4 per cent to Rs 164.90 apiece in intraday on BSE, taking the total market capitalisation above Rs 1 lakh crore. Coal India stock surpassed its previous high of Rs 162.95 apiece, touched on February 26 this year. So far this month, the stock of the state-owned company has gained nearly 12 per cent as compared to a 1.3 per cent rise in S&P BSE Sensex. Analysts Read More
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ITC reported a strong uptick in revenue, across segments during the January-March quarter as demand recovery aided the topline performance. The performance of the FMCG-to-hospitality is expected to get better going forward, improving margins of the company, domestic brokerage firm Geojit Financial Services said. “With constant focus on innovation and improving product mix, ITC is well-placed to capture demand across segments,” the brokerage firm said while maintaining a ‘Buy’ rating on the stock. Currently, ITC Read More
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Dewan Housing Finance Ltd (DHFL) share price hit 10 per cent upper circuit at Rs 22.85 apiece intraday on BSE, even as the debt-ridden company in an exchange filing said that its shares would be delisted. Analysts suggest investors to stay away from DHFL stock, as it may be written down to zero soon. Also, investors who currently hold DHFL shares are advised to exit and book whatever their profit or loss. Yesterday, DHFL said Read More
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Since its inception, cryptocurrencies have seen a surge in its prices just re-asserting their highly volatile nature. The cryptocurrency paradigm continues to boom despite the global pandemic impacting economies across the globe. During the past year alone, many other cryptocurrencies have come into foray fueling the interest in cryptocurrencies. The price of one Bitcoin (one of the legacy cryptocurrencies) has increased by six times over the past 12 months. Due to the positive volatility in Read More
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The Reserve Bank of India (RBI) on Friday said it will initiate a secondary market government securities acquisition programme or G-SAP 2.0 worth Rs 1.20 lakh crore in the second quarter of this fiscal to enable an orderly evolution of the yield curve. Under G-SAP 1.0, the central bank will purchase Rs 1 lakh crore-worth government securities and the last transaction of such acquisition to the tune of Rs 40,000 crore is scheduled for June Read More
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