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June 14, 2024June 14, 2024 Shares of the Oberoi Group’s flagship company, EIH Associated Hotels, skyrocketed 9% and hit a 52-week high of Rs 925 on 14 June ahead of the company’s board meeting today. The board will meet to discuss and approve the issuing of bonus shares to…
In a court filing on October 9, 2024, the US Department of Justice (DOJ) let it be known that it was considering a break-up of Alphabet, with the addendum that it would also be pushing for the company to share the data it collects across its multiple platforms with competitors. There is many…
The stock had been in a consolidation phase for the past four years, with the 750–760 zone acting as a strong resistance on two prior occasions. This key hurdle has now been decisively breached, confirming a long-term breakout. Volume analysis supports the move, as strong buying interest is evident during upswings, while downswings are accompanied…
August 16, 2024August 16, 2024 Shares of Central Depository Services Ltd. rallied nearly 10% to touch a day’s high of Rs 2,812 on 16th August, ahead of the company’s 1:1 bonus issue record date. The company previously announced a 1:1 bonus issue, meaning eligible shareholders will receive one additional…
Some stuff I am reading today morning: What comes next for Israel & Iran (JPost) Bombay High Court strikes down spectrum charges (MC) Controversial subsidiary sale of Reliance Industries (ML) Suzlon 2.0 (BI) Company: Cinepolis (BW) India is industrializing with Solar (Grist) Nobody knows anything, SpaceX IPO edition (BP) Foreign investors are dumping Korean stocks…
Indian IT’s obituary is being rewritten yet again, but this time Nuvama is invoking Mark Twain’s immortal line — ‘reports of my death are greatly exaggerated’ — to argue that the sector is setting up for a powerful comeback, not a collapse. The brokerage upgraded all top 10 IT services stocks to ‘Buy’ after a…