Dabur India share price was up over 3 percent intraday on July 31, a day after the FMCG company reported a net profit of Rs 341.8 crore for the quarter ended June 2020, registering a 5.9 percent YoY decline as lockdown dented its business.
But that sugar rush may not last long. The big slide in Kodak’s shares over the past few days could be a sign that short sellers — investors who bet the stock will go down — are borrowing more shares and selling them, pushing the price lower in the process.
Encouraged by a government eager to privatise state-owned firms, average people now have access to the market and can trade shares, earning returns they’d never see in a savings account or a certificate of deposit.
Varian Medical Systems Inc jumped over 20% after a $16 billion buyout by Germany’s Siemens Healthineers, while Kansas City Southern added more than 3% after a report a group of buyout investors were considering a takeover bid in a deal of about $20 billion.
Poco M2 Pro is set to go on sale in India on July 14. The mid-range smartphone was launched earlier this month with most specifications similar to the Redmi Note 9 Pro which is available in India. Poco M2 Pro will be available for purchase on Flipkart starting 12.00 pm until stocks last.
The profit in the corresponding quarter of the last fiscal stood at Rs 662.8 crore, which was boosted by a settlement claim of Rs 345.7 crore received from Celgene in April 2019 with respect to the cancer drug.
Xu Xiang was one of a series of brokers and others in the securities industry who were arrested or questioned after share prices soared and then plunged beginning in June 2015. That prompted suggestions the ruling Communist Party was trying to deflect blame for the rout that wiped out some $5 trillion in stock value […]
Since the start of the COVID-19 pandemic, product shortages have become common–for gamers, the Nintendo Switch has notably been near-impossible to find for its asking price, and the Switch’s fitness game Ring Fit Adventure has also been sold out as people look for indoor workout alternatives. The increased demand around the Nintendo Switch has led […]
The Sovereign Gold Bond Scheme 2020-21-Series IV, issued by the Reserve Bank of India (RBI) on behalf of the government, will be open for subscription from August 3 to August 7. The issue price for Sovereign Gold Bond Scheme series IV, which were open for subscription from July 6 to July 10, was Rs 4,852 […]
“Indian benchmark indices closed in the negative with losses, following mixed global cues. As virus cases continued to rise and with the uncertainty regarding rate actions by the RBI, markets succumbed to the momentum slowdown visible in the last couple of trading sessions,” Vinod Nair, Head of Research at Geojit Financial Services told Moneycontrol.