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Asian Paints Ltd is caught in a double whammy of weak demand and increased competition from new and existing companies. This severely hurt the paint maker’s crucial decorative paints business and FY25 ended up being one of its worst years in a long time. Consolidated net profit after minority interest at ₹3,667 crore in FY25…
The set up by the end of the day indicates continuation of the downside pressure, unless tensions abate. Selling in heavyweights such as ICICI Bank, HDFC Bank and Reliance Industries dragged both Nifty and Sensex down by 1.1% each. Nifty closed down by 266 points at 24,008, slightly below its 200-day moving average of 24,044.25,…
Stock market today: On Thursday, 67 stocks hit their 52-week high, including Anupam Rasayan India Ltd, Bharti Hexacom Ltd, ICICI Bank Ltd, Marico Ltd, Ceat Ltd, Choice International Ltd, K.P.R. Mill Ltd, and Navin Fluorine International Ltd. In contrast, 70 stocks touched 52-week lows, including some notable names like Jindal Saw Ltd, Vedant Fashions Ltd,…
Harsh Goenka has shared a powerful message on democracy, flagging the situation in the US under the administration of President Donald Trump. Sharing a video of a meeting of the Trump cabinet, Goenka pointed to the way Trump’s cabinet ministers were admiring the president. In a strong message on politics, Harsh Goenka said that such…
Frontline indices, the Sensex and the Nifty 50, ended with nominal losses, snapping their two-day winning run on Wednesday, April 30. The Sensex closed 46 points, or 0.06 per cent, lower at 80,242.24, while the Nifty 50 ended 2 points down at 24,334.20. The mid and small-cap segments saw significant selling as the BSE Midcap…
SEBI’s latest crackdown against Gensol Engineering has sparked a debate on red flags in corporate governance. Discount brokerage Zerodha’s Varsity, in its latest post, has analysed ways by which retail investors can spot the red flags in corporate governance and potentially another ‘Gensol’, to avoid any unnecessary losses in equities. The Securities and Exchange Board…
Stock market today: Indian stock market slipped into the red again after a one-day relief rally, as investor anxiety returned on concerns that U.S. negotiations with trading partners on reciprocal tariffs would not result in any positive outcomes. The RBI repo rate cut for the second consecutive time didn’t lift investor sentiment, as heightened global…