Aegis Logistics among 4 stocks that closed below VWAP
Four Nifty500 stocks, Balkrishna Industries, Aegis Logistics, PhysicsWallah and OneSource Specialty Pharma, closed over 3% below VWAP, highlighting bearish sentiment and weakening price momentum.
Category: Business News
Track key corporate news, quarterly earnings summaries, startup funding updates, executive movements, and major company announcements across leading industries.
NALCO shares in focus on JV with NLC India for 1,080 MW thermal plant in Odisha
National Aluminium Company and NLC India have signed an agreement for a joint venture. This new entity will establish a 1,080 MW captive thermal power plant in Odisha. The plant will supply electricity for NALCO’s aluminium smelter expansion project. Partners will also explore renewable energy sourcing and long-term coal supply. Both government-owned companies will hold…
Ather Energy among 4 stocks closed above VWAP, signalling bullish shift
On July 8, four stocks with a market capitalisation of over Rs 10,000 crore closed more than 1% above their Volume Weighted Average Price (VWAP), according to StockEdge’s technical scan data. A move above the VWAP is considered a bullish technical signal, indicating strengthening buying interest and the potential for further upside in the near…
Gold dips as Mideast hostilities revive inflation concerns
Gold prices experienced a decline on Thursday after recent drops. Renewed hostilities between the United States and Iran fueled inflation worries. Higher interest rate expectations also pressured the non-yielding precious metal. Central banks worldwide are monitoring inflation and economic growth forecasts. Other precious metals like silver, platinum, and palladium saw mixed movements.
Bonus issue alert! Last day to buy Goldiam International shares for 1:3 bonus reward. Do you own?
Diamond jewellery maker and exporter Goldiam International has fixed July 10 (Friday) as the record date for its 1:3 bonus issue, effectively marking today the last chance for interested investors to buy shares of the company to be eligible for the bonus reward.
Dividend alert! Last day to buy Axis Bank, BSE and 28 other stocks for payouts worth nearly Rs 187 per share. Do you own any?
Under SEBI’s T+1 settlement cycle, investors must purchase a company’s shares at least one trading day before the record date to ensure the shares are credited to their demat accounts in time, and they become eligible for the corporate action. Therefore, today is the last opportunity for investors to buy the shares so that they…
Negative Breakout: These 9 stocks cross below their 200 DMAs
Traders use the 200 DMA as a key indicator to determine the overall trend in a particular stock. Take a look:
Laser Power & Infra Rs 742-crore IPO opens today; GMP hints 10% listing gain
The company’s shares are commanding a premium of nearly Rs 21 over the upper price band of Rs 214, suggesting an estimated listing price of approximately Rs 235 per share if the current market sentiment sustains through listing day.
Stocks in news: TCS, Nalco, Maruti Suzuki, Natco Pharma, HFCL
Indian markets saw a significant decline on Wednesday, influenced by global factors. TCS anticipates modest profit growth amid client spending caution and wage pressures. Nalco and NLC India will form a joint venture for a power plant. HFCL plans substantial investment to boost optical fibre cable production capacity. Natco Pharma announced significant investments and stake…
Domestic prop trading firms face higher funding costs under RBI’s new rules
New Reserve Bank of India lending rules increase funding costs for local proprietary traders. These changes require 100% collateral for bank guarantees, impacting domestic firms significantly. Foreign trading majors, however, can access cheaper overseas funding sources. This situation may allow foreign firms to capture a larger domestic market share. Domestic traders face a disadvantage compared…