A total of 1,879 shares changed hands on the counter till 09:59AM (IST).
The hotel stock has been range-bound since March 2024, with resistance at 900-950 and support above 700. The 50-week EMA on the weekly charts provided key support in October and November, helping the stock rebound after testing the EMA in November. This rebound led to a breakout from the range and the upper trendline of an Ascending Triangle pattern, a bullish continuation chart formation that suggests the potential for upward price movement.
In the Nifty50 index, 18 stocks were trading in the green, while 32 stocks were in the red.
For electric two-wheeler maker Ola Electric, 2024 was a mixed bag. The company made headlines as the first new-age electric vehicle (EV) startup to go public, but the company faced challenges too during the year. Declining sales, customer complaints, regulatory scrutiny, and controversies involving its founder Bhavish Aggarwal cast a shadow over its achievements.
For electric two-wheeler maker Ola Electric, 2024 was a mixed bag. The company made headlines as the first new-age electric vehicle (EV) startup to go public, but the company faced challenges too during the year. Declining sales, customer complaints, regulatory scrutiny, and controversies involving its founder Bhavish Aggarwal cast a shadow over its achievements.
Rohit Sharma and Virat Kohli are under scrutiny after failing to perform in the ongoing Border-Gavaskar Trophy. Fans demand their retirement from Tests. In the fourth Test, both players fell early, adding pressure on the middle order. Kohli and Sharma’s recent performances have disappointed, raising discussions about their future in the team.
Hem Securities suggests buying Amara Raja Energy & Mobility, targeting a price of Rs 1395. The firm is strong in lead-acid batteries and expanding export markets. With steady growth, it positions itself for the future with EV and ESS batteries. Strong fundamentals and diversification make it well-positioned for sustainable returns. Promoters held 32.86% stake as of 30-Sep-2024.
Gold and silver prices experienced high volatility, with gold futures rising slightly while silver also saw gains. A stable dollar index and rising US bond yields are capping these increases. Experts suggest gold and silver prices will remain volatile due to global market conditions.
Jimmy Carter's private diplomatic mission in 1994 helped avert a potential war between the U.S. and North Korea by negotiating commitments to keep nuclear inspectors and slowly disarm. Though met with skepticism by the Clinton administration, Carter's efforts postponed an immediate crisis, despite North Korea's eventual nuclear weapons development.
Several parts of Delhi are covered by dense fog, leading to reduced visibility. Minimum temperatures have dropped, with further decreases expected. The IMD forecasts dense fog to continue, possibly affecting travel. Night shelters have been set up for the homeless. Air quality is moderate. Similar weather conditions are reported in other regions, including Uttar Pradesh and Punjab.
Gal Gadot shared her difficult experience during her last pregnancy. She was diagnosed with a blood clot in her brain in her eighth month and underwent emergency surgery. Her daughter Ori was born during this time. She is now fully recovered and aims to raise awareness about this rare condition among pregnant women.
According to the Sebi mandate, short duration funds can invest in debt instruments which have maturity between one and three years. That means these schemes are meant for short-term investments of up to three years or more.
The Israel Defence Forces (IDF) announced the elimination of six Hamas terrorists involved in the October 7 massacre in Israel. Joint operations with the Israel Security Agency in Gaza resulted in the deaths of 14 terrorists, including key figures like Rasem Judeh, as they continue to dismantle Hamas' terror network.
The sudden death of Suchir Balaji, a former OpenAI employee who raised concerns about AI copyright violations, has sparked controversy. His mother, Poornima Ramarao, has called for an FBI investigation, disputing the police's conclusion that it was a suicide. Elon Musk has voiced support for her claims, fueling public demand for a more thorough investigation. The circumstances surrounding Balaji's death remain unclear, with allegations of foul play complicating the case.
Despite the secondary market's downturn with the Sensex falling 1,100 points, December saw a strong IPO performance with five multibaggers and an average 66% return. This activity reflects fair valuations in the primary market, leading to significant foreign investment through IPOs.
Motilal Oswal recommends buying KEI Industries and Ipca Laboratories due to strong growth projections and strategic expansion. KEI shows 19% upside potential, with robust retail growth and innovations. Ipca targets a 21% increase with its US market expansion. Goldman Sachs maintains a "Buy" on UltraTech Cement, predicting a 9% rise, driven by demand growth and cost strategies.
ICICI Securities recommends buying EPACK Durables Ltd. with a target price of Rs 555. The company, which manufactures room air conditioners and domestic appliances, is expected to see robust growth. Strategic partnerships and capacity expansions are likely to drive this growth. Promoters hold 48.06 per cent stake in the company.
Indian benchmark equity indices Sensex and Nifty50 open slightly lower on Monday due to losses in heavyweight stocks like HDFC Bank, Reliance Industries, and Infosys. Utkarsh Small Finance Bank's stock rose by 4% following an asset sale approval, while Ola Electric's shares dropped by nearly 5% after the resignation of two senior executives.
Anushka Sharma supports Virat Kohli and Team India in Australia during the Border-Gavaskar Trophy. She captivates fans with a chic, affordable outfit at the Melbourne Cricket Ground. Anushka wore a white cotton top from Ram Boota priced at Rs 2,650. Fans anticipate her return to film with Chakda 'Xpress, a biographical drama.
Vodafone Idea share price: Vodafone Group has cleared Rs 11,650 crore in outstanding dues related to its stake in Vodafone Idea. The payment was facilitated through a debt arrangement with HSBC Corporate Trustee Company (UK). This move has released the pledged 22.56% stake in Vodafone Idea. Vodafone Group stays a significant stakeholder despite recent stake sales.
The Nifty Index consolidates between 24,065 and 23,537 with key support at 23,694 and resistance at 23,873. Nifty's RSI at 40.74 indicates an upward trend. Options data suggests bullish momentum. Traders are advised to deploy a Bullish Butterfly strategy for a cautious bullish outlook.
Former US president Jimmy Carter passed away at the age of 100. He visited India in 1978, and a village in Haryana was named Carterpuri in his honor. Carter's visit strengthened US-India relations. He had a personal connection to India through his mother, who worked there as a Peace Corps volunteer. Carter was awarded the Nobel Peace Prize in 2002.
Bajaj Broking recommends buying ITD Cementation India, targeting a price of Rs 670. The current price is Rs 530.6. ITD Cementation operates in the construction sector with a market cap of Rs 9111.61 crore. The company's income and profit data for the latest quarter show positive growth. Promoters hold 46.64% stake.
Reliance Industries share price: Reliance Industries acquired Karkinos Healthcare for Rs 375 crore through its subsidiary Reliance Strategic Business Ventures. Karkinos provides technology-driven solutions for the early detection and management of cancer. Post-acquisition, Karkinos became a step-down wholly-owned subsidiary of Reliance Industries. The company partners with hospitals to offer oncology services at lower rates while generating profitability.
