A total of 822,999 shares changed hands on the counter till 10:15AM (IST).
The 30-share BSE Sensex was up 348.35 points at 74078.51
While volume growth was tepid to modest for the three companies, gross margins have expanded. Margin expansion has been achieved through better operational efficiency or productivity gains. Taking price rises, lowering ad spends and rationalising costs are the various levers used.
Most MSMEs are unable to build robust end-to-end retail solutions on account of inadequate finances and expertise in a large geography like India.
As India wraps up the initial two phases of the 18th Lok Sabha, Prime Minister Narendra Modi launched a blistering critique against the primary opposition party. He asserted that when the Congress discusses redistribution, it avoids addressing properties belonging to minorities or those under the Waqf board, while targeting assets of other communities.
Mastek CEO Chandrana discusses FY24 growth, soft Q4 revenue, optimism for FY25. He also talks about Mastek's share in a $1.2-billion UK Ministry of Defence project, client conversations, and margin profile target of 17-18%. Chandrana says: "As far as the revenue and growth is concerned, in dollar terms, we grew 15.8% YoY. If you remove the small acquisition that we did in FY24, we still grew at a fairly healthy rate compared to competition. "
The stock traded at a P/E multiple of 29.47, while the price-to-book value ratio stood at 0.0.
Deepak Nitrite, IRCTC, HUDCO, City Union Bank, IRFC, Divis Lab, and NMDC are top short-term stock picks based on breakout patterns and bullish indicators. Analysts expect robust returns despite market struggles around 22,500 levels.
A total of 37,518 shares changed hands on the counter till 10:05AM (IST)
Yuken India, Techno Electric, Dolat Invst, Aegis Logistics and Rane Holdings, hit their fresh 52-week highs at 10:04AM.
The Relative Strength Index of the stock stood at 49.1 on Monday.
Biocon Ltd, in the pharma sector, witnessed a 40% decline from the December 2020 high but shows signs of a bullish trend. Traders are recommended to consider buying for target levels of 325-350. The daily Relative Strength Index (RSI) is at 65.0. RSI below 30 is oversold and above 70 is considered overbought, Trendlyne data showed.
The 30-share BSE Sensex was up 263.02 points at 73993.18
The Tariff Law, which was approved by China's top legislature after three rounds of deliberations going back to 2022, is the latest addition to Beijing's arsenal of trade defence instruments.
The deal clears a final regulatory hurdle for Tesla's driver assistance system, which Tesla calls Full Self Driving (FSD) to be offered in China, the sources said.
TS EAMCET Hall Ticket 2024: Visit eapcet.tsche.ac.in to download admit cards. Candidates must verify all details and report any discrepancies. The TS EAPCET-2024 and TS ICET-2024 exams have been rescheduled due to General Elections. Rankings will be based solely on entrance exam performance, eliminating the previous 25% weightage for Class 12 marks.
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The stability of the U.S. dollar contributed to making bullion less accessible for international buyers. Meanwhile, investors remained on the lookout for additional indications regarding the timing of the U.S. Federal Reserve's inaugural interest rate adjustment.
Almost 20 years ago, when SYFY was known as The Sci-fi Channel, it made a little miniseries called 'Frank Herbert's Children of Dune.' Working with Greg Yaitanes in 2003 John Harrison wrote the script and produced the three-part Sci-fi Channel miniseries.
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FIIs and mutual funds consistently increase stakes in 12 smallcap stocks for four quarters, yielding up to 203% returns. Notable stocks include Dixon Technologies, Electronics Mart India, and Welspun Corp.
China is set to launch a robotic spacecraft, Chang'e-6, in the coming days to collect soil and rocks from the moon's far side. This marks the first of three technically demanding missions to pave the way for an inaugural Chinese crewed landing and a base on the lunar south pole. Since the first Chang'e mission in 2007, China has made significant strides in lunar exploration, narrowing the technological gap with the United States and Russia.
Microsoft's push into artificial intelligence with its partner, OpenAI, the maker of ChatGPT, has rattled Google. The two companies are now fighting to control what many experts see as the next dominant computing platform, a battlefield as important as the web browser and the smartphone before it. Hassabis is driving the creation of Google's AI technology, while Suleyman works to put Microsoft's AI in the hands of everyday people.
The government has been stressing on becoming self-sufficient in telecom technologies, including both software and hardware, amid geopolitical uncertainties. It can be done by developing the complete ecosystem in the country, officials said, pointing to the focus on research and development, including industry-academia tie-ups.
