US Stock Reports, Quotes and News
Debt mutual funds outperformed fixed deposits, emphasizing the importance of considering risk profile and investment goals. The strategy involves focusing on short-term funds and excluding target maturity funds.
Vikas Jain, head of India trading, fixed-income, currencies and commodities at Bank of America, said as foreign investment in Indian bonds heads toward the 10% weight on the JP Morgan bond index next year, the process of discretionary weighting changes would start to play out, creating a more complex trading environment.
Bandhan Bank reported a net profit of Rs 54.62 crore for the quarter ended March 2024, which was down from Rs 808 crore in the year ago period.
Oil India Share Price: Oil India reported a 13% profit increase to ₹2,029 crore in Q4 2023-24 fueled by high oil prices. Revenue from operations rose 2% to ₹5,757 crore. Dividend and interest income doubled to ₹785 crore from ₹388 crore.
ONGC Q4 profit: Revenues fell 4.5% from a year earlier to ₹34,637 crore in the fourth quarter. The operational cost fell 12% in a year to ₹25,456 crore in the quarter on lower exploration cost write-off.
Creditors are set to auction a prime 94-acre land parcel in Thane near Mumbai, previously collateral for loans taken by Go First Airlines. The auction process involves major creditors and potential bidders amidst evolving legal challenges and financial considerations.
Gold Price Today: Gold and silver prices fluctuated with MCX June futures down 0.85% and July silver contracts down 1.9%. Gold rose 18% this year due to central-bank purchases and strong demand from Asia despite higher Treasury yields and hawkish comments from Federal Reserve officials. The US Dollar Index was near 104.67.
ABS Marine Services Share Price: ABS Marine Services\’ shares made a remarkable debut on the NSE SME platform on Tuesday, opening at Rs 294 per share, which was a 100% premium over the issue price of Rs 147 per share. Prior to its listing, the company\’s shares were trading in the unlisted market with a premium of Rs 100.
Delhivery Share Price: Delhivery shares plummeted 12% to Rs 383.90 as higher losses in Q4 disappointed investors. CLSA downgraded the stock to underperform, citing revenue growth below expectations. Despite some positive metrics, profitability concerns persist, with analysts revising target prices.
BEL shares hit a record high, up 9% after a 30% profit increase and dividend declaration. Brokerages are optimistic about BEL\’s growth potential, with target prices set by Nomura & Motilal Oswal, citing improved margins & government support for the defence sector.
Funds raised through the issue will be utilised to finance expenditure towards acquisition of land, site development and civil work, to acquire plant and machinery, part finance working capital requirement and corporate purposes, the company said.
Zee Entertainment Enterprises experienced a nearly 3% increase in its share price to Rs 144.4 during Tuesday\’s trading session on the BSE, following the company\’s announcement of a profit of Rs 13 crore in the March quarter of FY24. This marks a significant turnaround from the loss of Rs 196 crore reported in the same period last year.