Canara Bank, a Public Sector Unit (PSU) lender, announced on Monday that the board has approved a stock split that will divide each share into five shares to increase the liquidity of the bank’s shares and make them more accessible to regular investors, according to an exchange filing. Canara Bank has informed us that the…
GPT Healthcare IPO: As of 5 p.m., 8.52 times had been subscribed to the IPO; QIBs had subscribed 17.30 times their quota, while the NII component had subscribed more than 11 times. In short On the last day, the GPT Healthcare IPO was oversubscribed. QIBs and NIIs exhibit robust demand for the IPO. Despite decreased…
YES Bank shares: The stock traded below its 5-day, 10-day, 20-day, and 30-day simple moving averages (SMAs), but remained above the 50-day, 100-day, 150-day, and 200-day SMAs. Its 14-day relative strength index (RSI) stood at 40.40. When the Relative Strength Index (RSI) falls below 30, it signifies oversold conditions, whereas a reading above 70 indicates…
Asian Paints shares: Asian Paints Ltd shares have extended their decline, dropping over 16% in the year 2023 thus far. The stock received a downgrade from CLSA, indicating potential further downside, particularly following Grasim Industries’ entry into the paint business. The overseas brokerage firm CLSA, based in Hong Kong, has downgraded the stock to ‘sell’….
Medplus Health Services: Despite a suspension order issued to one of its subsidiaries by the Drugs and Control Authorities of Mahabubnagar, Telangana, Medplus Health Services witnessed a 3 percent increase in its shares during early trading on February 26. By 9:37 am, Medplus Health Services was priced at Rs 710.10, marking a rise of Rs…
Sensex and Nifty: At around 10:00 am, the S&P BSE Sensex dropped 310.32 points to reach 72,832.48, while the NSE Nifty50 declined by 90.05 points to settle at 22,122.65. In short Nifty and Sensex open lower as IT stocks decline. Early trading sees a lot of volatility in markets. Paytm stock hits the upper circuit…
Zurich Insurance: Earlier this month, the Competition Commission of India (CCI) approved Zurich Insurance Company’s acquisition of a 70% stake in Kotak Mahindra General Insurance Company. Kotak Mahindra Bank has confirmed that Zurich Insurance Company will acquire a 70% stake in Kotak General Insurance Company Limited for Rs 5,560 crore in a single installment. The…
Tata Steel shares are hovering around their all-time high, hitting Rs 147.35 on February 7, 2024. Despite closing slightly lower at Rs 145.50 last Friday, marking a marginal dip of 0.24%, the metal stock continues to demonstrate strong performance. In 2024, the stock of Tata Steel Ltd. produced returns in the single digits. The BSE…
Nvidia: Apple and Microsoft each took over two years to double their valuation from $1 trillion to $2 trillion. However, Nvidia is poised to achieve this milestone in under a year, riding the wave of Wall Street’s AI frenzy. Nvidia Corp’s shares experienced a 0.4% increase on Friday, closing at a valuation of $1.97 trillion,…
