Month: May 2024

TBO Tek sees robust listing. What should investors do now?

 stock analyst  05/15/2024  0 Comments on TBO Tek sees robust listing. What should investors do now?

TBO Tek strong listing can be attributed to the unwavering investor confidence in the company’s solid technological foundation and its potential for continued growth in the online travel sector.

Dixon Technologies Q4 results: PAT rises 20% YoY at Rs 97 crore; revenue jumps 52%

 stock analyst  05/15/2024  0 Comments on Dixon Technologies Q4 results: PAT rises 20% YoY at Rs 97 crore; revenue jumps 52%

Electronic manufacturing service provider, Dixon Technologies on Wednesday announced a 20% year-on-year (YoY) rise in PAT at Rs 97 crore for the fourth quarter of FY24 while the revenues stood at Rs 4,675 crore, surging 52% YoY.

Nifty Bank holds above 50-DMA; fresh longs possible on a breach above 48,000: Experts

 stock analyst  05/15/2024  0 Comments on Nifty Bank holds above 50-DMA; fresh longs possible on a breach above 48,000: Experts

The Nifty Bank fell 172 points on Tuesday and formed a bearish engulfing pattern on the daily chart. Top gainers included ICICI Bank, Axis Bank, Bandhan Bank, and Bank of Baroda. HDFC Bank saw strong selling pressure

LIC shares rally over 6 pc; mcap climbs Rs 37,159 cr

 stock analyst  05/15/2024  0 Comments on LIC shares rally over 6 pc; mcap climbs Rs 37,159 cr

Shares of Life Insurance Corporation (LIC) on Wednesday jumped more than 6 per cent after the firm said Sebi has granted an additional 3-year time till May 16, 2027, to comply with the 10 per cent public shareholding norm.

Tech View: Nifty forms high wave type candle. What traders should do on Thursday

 stock analyst  05/15/2024  0 Comments on Tech View: Nifty forms high wave type candle. What traders should do on Thursday

Nifty ended 17 points lower on Wednesday and traded sideways. Thereby, it failed to show any significant directional breakout. Move above the immediate resistance of 22,300 level may make room for higher target of 22,600 level.

S&P 500, Nasdaq hit intraday record highs after inflation data

 stock analyst  05/15/2024  0 Comments on S&P 500, Nasdaq hit intraday record highs after inflation data

The Dow Jones Industrial Average rose 56.99 points, or 0.14%, at the open to 39,615.10.

GameStop, AMC drop after two days of sharp rally on \’Roaring Kitty\’ effect

 stock analyst  05/15/2024  0 Comments on GameStop, AMC drop after two days of sharp rally on \’Roaring Kitty\’ effect

Cinema chain AMC dropped 14.3%, after surging 135% in the past two sessions, while video game retailer GameStop fell 9.8% after hitting its highest level since June 2021 on Tuesday. Trading in the retail investor darlings, the most actively traded NYSE stocks, were halted minutes after the market opened.

GameStop, AMC drop after two days of sharp rally on \’Roaring Kitty\’ effect

 stock analyst  05/15/2024  0 Comments on GameStop, AMC drop after two days of sharp rally on \’Roaring Kitty\’ effect

Cinema chain AMC dropped 14.3%, after surging 135% in the past two sessions, while video game retailer GameStop fell 9.8% after hitting its highest level since June 2021 on Tuesday. Trading in the retail investor darlings, the most actively traded NYSE stocks, were halted minutes after the market opened.

GameStop, AMC drop after two days of sharp rally on \’Roaring Kitty\’ effect

 stock analyst  05/15/2024  0 Comments on GameStop, AMC drop after two days of sharp rally on \’Roaring Kitty\’ effect

Cinema chain AMC dropped 14.3%, after surging 135% in the past two sessions, while video game retailer GameStop fell 9.8% after hitting its highest level since June 2021 on Tuesday. Trading in the retail investor darlings, the most actively traded NYSE stocks, were halted minutes after the market opened.

GameStop, AMC drop after two days of sharp rally on \’Roaring Kitty\’ effect

 stock analyst  05/15/2024  0 Comments on GameStop, AMC drop after two days of sharp rally on \’Roaring Kitty\’ effect

Cinema chain AMC dropped 14.3%, after surging 135% in the past two sessions, while video game retailer GameStop fell 9.8% after hitting its highest level since June 2021 on Tuesday. Trading in the retail investor darlings, the most actively traded NYSE stocks, were halted minutes after the market opened.

MakeMyTrip Q4 Results: Company posts profit of $ 171.9 million up from $ 5.4 million a year ago

 stock analyst  05/15/2024  0 Comments on MakeMyTrip Q4 Results: Company posts profit of $ 171.9 million up from $ 5.4 million a year ago

MakeMyTrip reported a revenue of $ 782.5 million for financial 2024, up from $ 593 million in fiscal year 2023. The company posted a revenue of $ 202.9 million in the fourth quarter of financial year 2024, up from $ 148.5 million in quarter four of financial year 2023.

LIC Housing Finance Q4 Results: Net profit falls over 7% YoY to Rs 1,091 crore

 stock analyst  05/15/2024  0 Comments on LIC Housing Finance Q4 Results: Net profit falls over 7% YoY to Rs 1,091 crore

The net profit in the year-ago period was Rs 1,180 crore. The company\’s board recommended a 450% dividend for FY24. In other words, shareholders would get Rs 9 per equity share of Rs 2 each, subject to their approval.