Page 16 - Stock Movemnet

Canara Bank considering stock split on Feb 26 to boost stock's liquidity

Canara Bank on Wednesday said it is planning split of the equity shares of the state-owned bank to boost the stock's liquidity. The decision in this regard will be taken by the bank's Board of Directors in a meeting, which is scheduled on February 26, Canara Bank said in a regulatory filing. The meeting's agenda is "to seek in principle approval from the board of directors for sub-division/split of the equity shares of the bank, subject to prior approval of Reserve Bank of India (RBI) and other statutory/regulatory/Government of India approvals, as may be required," it said. Shares of the bank were trading 4.16 per cent higher at Rs 542.95 per unit on the BSE.

China markets regulator to protect small investors as stocks hit 5 yr lows

Chinese shares gyrated on Monday, sinking to 5-year lows, after stock market regulators sought to reassure jittery investors with a promise to crack down on stock price manipulation and malicious short selling. Shares in Shanghai and the smaller market in Shenzhen, near Hong Kong, swung between big losses and small gains throughout the day. The markets have languished on heavy selling of property shares that have suffered with a slump in the real estate market. Market observers said there were signs the authorities had, as is often the case, ordered big institutional investors to step up buying of state-owned banks and other heavyweights. The Industrial & Commercial Bank of China gained 2.3%, Bank of China was up 2.6% and the Agricultural Bank of China rose 2.2%. But shares still mostly lost ground. The Shenzhen Component index lost 1.1% after dipping as much as 4.4%. The Shanghai Composite index shed 1% to 2,702.19, having lost 3.5% earlier. Wilder swings were seen in the CSI ...

Sebi reviewing small, mid-cap funds' capacity to bear sharp falls: Report

While Sebi has completed one round of stress test reviews, it wants funds to test for more adverse scenarios, report says

Slow improvement in sales could weigh on pharma firm Laurus' performance

Company reported lower-than-expected revenue after missing target in key segment

Jio Financial Services slips 7% post December quarter results

The company reported 56 per cent drop in its consolidated profit after tax at Rs 294 crore for the December quarter (Q3), due to fall in income and rise in expenses.

Q2FY24 performance: Cautious near-term outlook for Tata Steel stock

The UK operations suffered from low steel prices as well as higher costs on the emission rights front

Israel stock and bond markets sink, businesses shut after Hamas attack

Gaza militants also fired thousands of rockets into Israel, some reaching as far as Tel Aviv, prompting airlines to suspend flights to and from Israel

Sensex down 571 pts, Nifty below 19,750 on hawkish Fed, Indo-Canada tension

Closing Bell on Thursday, September 21: The broad-based selling was led by public sector banks with the Nifty PSU Bank index sliding 2.3 per cent

Sensex, Nifty end lower dragged by HDFC Bank, RIL; PSU Bank index jumps 3%

Closing Bell on Monday, September 18: The S&P BSE Sensex fell 242 points to 67,597 levels, while the Nifty50 ended below the 20,150-mark at 20,133, lower by 59 points

TV18 Broadcast, TTML, SJVN: 5 stocks under Rs 100 that can rally up to 50%

SJVN, Tata Teleservices (Maharashtra) and TV18 Broadcast may rise 50 per cent on resilient charts

RIL, Linde India: Trading strategies for buzzing stocks of the day

Trend among these buzzing stocks remain optimistic, as per their respective charts

HDFC Bank, Uflex among 5 oversold stocks you should avoid accumulating

The trend among stocks in oversold regions remains highly fragile and could see more downside ahead

Centum, HAL: Chandrayaan-3 soft landing can see related stks jump up to 15%

Shares related to Chandrayaan-3 may rise up to 15 per cent in the upcoming sessions, as per their respective technical chart patterns

BHEL, Adani Power: Mid-cap index hits new all-time high, eyes 40,000-mark

The Mid-cap index is displaying robust momentum, with price action headed towards 40,000-level.

Escorts, GIC, Welspun: 5 stocks at 52-wk high may turn multibaggers in FY24

The trend in these stocks remains highly robust, with price action exhibiting strong interest from market participants.

VIP Ind, NBCC: 5 small-caps to accumulate despite indices staying fragile

Selective small-cap stocks may rally up to 25 per cent, as per their respective charts

FMCGs extend fall on RBI's warning of higher inflation; more pain on cards?

Barring Varun Beverages that reached a new all-time high and Colgate Palmolive (India), other FMCG stocks trade fragile.

Trading strategies for Adani group stocks amid Auditor's resignation

Barring Adani Ports and Special Economic Zone, no other group company of Adani shows a favorable trend in the present technical structure,

REC, Ashok Leyland: 7 out of 8 stocks, picked by MSCI, may rally up to 25%

Barring Cummins India, which did perform in the current year but the present structure shows sluggishness; all other stocks included in MSCI index are poised for the next bull-run.

SBI, PNB: Here's how to trade banks post Q1 results and ahead of RBI Policy

Post Q1 results, major banking stocks have lost the upside bias. Most stocks are facing hurdles at upper levels.