⏰Hourly News Updates⏰
PNB share price dives 12% to 52-week low after disappointing Q4 performance
✅Punjab National Bank (PNB) share price suffered a 12 percent fall on May 12 after the bank declared its March quarter earnings.
✅ The total standalone income during the January-March quarter stood at Rs 21,095 crore, down from Rs 21,386 crore in the corresponding period last year.
✅The scrip was trading with volumes of 11,367,020 shares, compared to its five-day average of 3,275,340 shares, an increase of 247.05 percent.
📰Read more: https://tinyurl.com/3nc5sayh
📲Source: MoneyControl
PNB share price dives 12% to 52-week low after disappointing Q4 performance
✅Punjab National Bank (PNB) share price suffered a 12 percent fall on May 12 after the bank declared its March quarter earnings.
✅ The total standalone income during the January-March quarter stood at Rs 21,095 crore, down from Rs 21,386 crore in the corresponding period last year.
✅The scrip was trading with volumes of 11,367,020 shares, compared to its five-day average of 3,275,340 shares, an increase of 247.05 percent.
📰Read more: https://tinyurl.com/3nc5sayh
📲Source: MoneyControl
Moneycontrol
PNB share price dives 12% to 52-week low after disappointing Q4 performance
The total standalone income during the January-March quarter stood at Rs 21,095 crore, down from Rs 21,386 crore in the corresponding period last year.
Which amongst the following mutual fund schemes will generate higher returns?📊
Anonymous Poll
15%
Those investing in bonds of companies with poor credit rating
15%
Those investing in risk-free government securities
49%
Those investing in bonds of companies with a high rating
21%
Those who invest in debt funds
Daily Market Highlights💰12th May 2022📅 #personalfinance #markethighlight
⏰Hourly News Updates⏰
NSE picks PNB as second stock on F&O ban list for Friday
✅The National Stock Exchange has decided to add Punjab National Bank as the second stock under the F&O ban for May 13 after the said scrip crossed 95 percent of the market-wide position limit.
✅ The Punjab National Bank stock corrected nearly 14 percent to close at Rs 28.60 after a disappointing performance by the bank in the March 2022 quarter. Profit for the quarter stood at Rs 202 crore, registering a 66 percent decline on-year on account of higher provisioning.
✅During the ban, traders are not allowed to take fresh positions in stocks but can start reducing their positions. The F&O ban rule helps reduce speculation in stocks.
📰Read more: https://tinyurl.com/2p8t5kpa
📲Source: MoneyControl
NSE picks PNB as second stock on F&O ban list for Friday
✅The National Stock Exchange has decided to add Punjab National Bank as the second stock under the F&O ban for May 13 after the said scrip crossed 95 percent of the market-wide position limit.
✅ The Punjab National Bank stock corrected nearly 14 percent to close at Rs 28.60 after a disappointing performance by the bank in the March 2022 quarter. Profit for the quarter stood at Rs 202 crore, registering a 66 percent decline on-year on account of higher provisioning.
✅During the ban, traders are not allowed to take fresh positions in stocks but can start reducing their positions. The F&O ban rule helps reduce speculation in stocks.
📰Read more: https://tinyurl.com/2p8t5kpa
📲Source: MoneyControl
Moneycontrol
NSE picks PNB as second stock on F&O ban list for Friday
If derivative contracts in securities crossed 95 percent of the market-wide position limit, they end up on the ban list, the NSE said.
What are NFTs? Why are they in News Now?
Non-fungible tokens (NFTs) have recently gained massive public attention as a means of assigning value to almost anything, whether it is art or music or even a photograph. In 2021 alone, NFT sales rose to $25 billion as it gained unprecedented popularity combined with the increasing interest shown by celebrities and tech experts.
Read more about NFTs here: https://finity.in/nft-non-fungible-token/
Non-fungible tokens (NFTs) have recently gained massive public attention as a means of assigning value to almost anything, whether it is art or music or even a photograph. In 2021 alone, NFT sales rose to $25 billion as it gained unprecedented popularity combined with the increasing interest shown by celebrities and tech experts.
Read more about NFTs here: https://finity.in/nft-non-fungible-token/
⏰Hourly News Updates⏰
D-Street Buzz: Nifty auto shines; Tata Motors, Ashok Leyland, M&M jump 4-10%
✅ The Indian stock market recovered smartly on May 13 after taking a huge beating the previous day, with the Sensex up 687.28 points, or 1.3 percent, at 53,617.59, and the Nifty jumping 224.40 points, or 1.42 percent, at 16,032.40 in the afternoon trade.
✅ Tata Motors reported a consolidated net loss of Rs 1,032 crore for the quarter ended March, down from a net loss of Rs 7,605 crore in the year-ago quarter.
✅ The other top performers in the auto index were Bharat Forge and Ashok Leyland, which gained 6 percent each, followed by TVS Motor, Mahindra & Mahindra, Eicher Motors and Hero MotoCorp.
📰Read more: https://tinyurl.com/283em4er
📲Source: MoneyControl
D-Street Buzz: Nifty auto shines; Tata Motors, Ashok Leyland, M&M jump 4-10%
✅ The Indian stock market recovered smartly on May 13 after taking a huge beating the previous day, with the Sensex up 687.28 points, or 1.3 percent, at 53,617.59, and the Nifty jumping 224.40 points, or 1.42 percent, at 16,032.40 in the afternoon trade.
✅ Tata Motors reported a consolidated net loss of Rs 1,032 crore for the quarter ended March, down from a net loss of Rs 7,605 crore in the year-ago quarter.
✅ The other top performers in the auto index were Bharat Forge and Ashok Leyland, which gained 6 percent each, followed by TVS Motor, Mahindra & Mahindra, Eicher Motors and Hero MotoCorp.
📰Read more: https://tinyurl.com/283em4er
📲Source: MoneyControl
Moneycontrol
D-Street Buzz: Nifty auto shines; Tata Motors, Ashok Leyland, M&M jump 4-10%
Tata Motors was the top gainer, surging over 10 percent followed by Ashok Leyland, Mahindra & Mahindra and TVS Motor Company.
Daily Market Highlights💰13th May 2022📅 #personalfinance #markethighlight
⏰Hourly News Updates⏰
Adani Group’s Ambuja-ACC buy: Expensive valuation means significantly higher profits required to maintain decent ROE
✅For Holcim’s stake in Ambuja and ACC, the group has paid $10.5 billion, which implies an EV/T of $164/tonne.
✅ The Adani Group entity will need to make an EBITDA/T of Rs 2,000 to get similar margins – of an ROE of 10.8% and an ROCE of 10.7%, it added.
✅To sustain profitability, retaining brand premium will be key, according to the report. Ambuja and ACC have a strong brand premium; in all markets, the brands feature among the top three, according to Jefferies.
📰Read more: https://tinyurl.com/ycx7cyd4
📲Source: MoneyControl
Adani Group’s Ambuja-ACC buy: Expensive valuation means significantly higher profits required to maintain decent ROE
✅For Holcim’s stake in Ambuja and ACC, the group has paid $10.5 billion, which implies an EV/T of $164/tonne.
✅ The Adani Group entity will need to make an EBITDA/T of Rs 2,000 to get similar margins – of an ROE of 10.8% and an ROCE of 10.7%, it added.
✅To sustain profitability, retaining brand premium will be key, according to the report. Ambuja and ACC have a strong brand premium; in all markets, the brands feature among the top three, according to Jefferies.
📰Read more: https://tinyurl.com/ycx7cyd4
📲Source: MoneyControl
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