As of August 22, futures open interest surged for five NSE F&O stocks, leading to an overall increase of over 10% compared to the previous trade.
The Food Safety and Standards Authority of India (Fssai) has directed companies to stop using labels such as 'A1' and 'A2' on dairy products like milk, ghee, butter, and curd due to lack of differentiation in food laws. This move is intended to prevent misleading marketing that claims A2 milk is healthier. Companies have six months to exhaust existing labels. This action ensures consumers receive accurate information about dairy products' nutritional value.
Nykaa shares have surged 20% in one month, driven by a Rs 13.64 crore profit for the first quarter of June 2024 and a 23% rise in revenue. Analysts suggest the stock could reach Rs 250+ levels. Investors are advised to monitor key price levels and stop loss points.
These schemes invest at least 80% of their corpus in the papers of the highest-rated companies. This makes them relatively safer than other debt schemes such as credit risk funds. They are also safer than gilt funds and long term debt funds that are highly sensitive to interest rate changes in the economy.
Indian-Americans have launched a new website and a T-shirt campaign "Kamala Ke Saath: Vote Kamala" to support Kamala Harris, the Democratic presidential candidate. Harris, aged 59, has a mixed heritage with a mother from Chennai, India, and a father from Jamaica.
The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was down 7 points, or 0.03%, trading at 24,803 around 9:19 am.
On August 22, four Nifty50 stocks were identified in the RSI Trending Up scan by stockedge.com, indicating an uptrend as their RSI values crossed above 50 from below.
The Adani Group, led by billionaire Gautam Adani, sold 2.8% of its stake in Ambuja Cements for Rs 4,200 crore, prompting a 4% rise in the stock. The group now holds a 70.33% stake in the company. Ambuja recently acquired Penna Cement at an enterprise value of Rs 10,422 crore, boosting its market share in southern India.
The increased visibility, responsibility and remuneration of independent directors has led to rising awareness of this strategic role in Corporate India. Besides, several factors have spurred more aspirants to sign up to be independent directors. The big 'board refresh' this year-involving stepping down of independent directors who were completing 10 years (two terms) on a company's board-was expected to make way for new faces on the boards.
Intuit, known for products like TurboTax, Credit Karma, and QuickBooks, has benefited from growing demand for its AI-powered offerings, which provide personalized financial recommendations and automation of specific tasks such as bookkeeping.
On August 22, the closing prices of three stocks from Nifty500 dropped by more than 2.4% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.
The profits of 40 Indian companies have plummeted by more than 50% in the June quarter, primarily due to higher raw material costs and unfavorable base effects. Notable names like Allcargo Logistics and Rajesh Exports saw drastic declines. Analysts suggest cautious investment strategies amid high market valuations and slowing profit growth.
Cello World Ltd. key Products/Revenue Segments include Domestic Appliances, Export Incentives and Scrap for the year ending 31-Mar-2024.
APL Apollo Tubes Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 39329.39 Crore) operating in Metals - Ferrous sector.
On August 22, the closing prices of three stocks from the Nifty500 pack rallied over 1.5% relative to the VWAP, and a shift above the VWAP suggests a potential bullish trend.
LTIMindtree Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 168943.43 Crore) operating in IT Software sector.
The Institute of Cost Accountants of India has announced the CMA June 2024 results for Intermediate and Final courses. Candidates can check their results on the official website using their registration number and date of birth. Alongside the pass percentages, ICMAI provides the option to request certified copies of exam papers within 21 days of the announcement.
Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 780685.15 Crore) operating in IT Software sector.
