Latest Stock Market News

Tata Elxsi Q2 profit up 59% to Rs 125 cr

Updated at : 2021-10-23 16:20:01

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Revenue from operations rose to Rs 595.3 crore in the quarter under review from Rs 430.1 crore in the corresponding period last fiscal, it added.

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The most important prerequisites for investment success are judgement and fortitude, according to legendary investor John B. Neff, and investors do not require the help of glamour stocks or bull markets to attain their investment goals.

Mandar Jamsandekar's 2 stock picks for this week

Updated at : 2021-10-23 16:20:01

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In the last 10 months RVNL was trading range bound between levels of Rs 26 which was the support and Rs 35 which was the resistance. Now this week the stock has managed to break past this resistance and this tells us that a fresh move is now going to start. Traders can buy this stock with a stop loss at Rs 36 for an upside target of Rs 52.

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While supply-chain and labor-market snarls have been tormenting investors for much of the year and are far from solved, they remain -- for now -- the tolerable downside of trends that investors are happy to celebrate: robust demand in a reopening economy. Throw in an earnings season showing that damage to profit margins remains light, and it explains why shares are up 5% in October, a month skeptics had circled as a tough one.

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Bitcoin’s surge has tapered off after hitting a record high on Wednesday, but some strategists see the next rally taking it to as high as $100,000 by the year’s end. This week’s move to near $67,000 has traders watching to see how the landscape shifts, now that the first U.S. Bitcoin futures exchange-traded funds are in play.

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Equities are highly regulated, so it’s been relatively easy to mandate protections. But in the libertarian-leaning world of crypto, the ethos is closer to: if you mess up, that’s your problem. For anyone who sold Bitcoin at $8,200 in this week’s crash, them’s the breaks. For the people they sold to, it was the deal of the year.

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Biden’s prediction on prices remaining high echoed the opinions of analysts, who point out that demand by drivers returning to roads has soared. A key indicator of U.S. gasoline demand rose to the highest level for this time of year since 2007 this week.

Petrol and diesel in Delhi is now priced at Rs 107.24 per litre and Rs 95.97 per litre respectively today. In Mumbai, petrol and diesel will cost you Rs 113.12 and Rs 104.00. In Kolkata, it is Rs 107.78 and Rs 99.08 respectively while in Chennai it will be Rs 104.22 and Rs 100.25 a litre.

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A TOI report said the shortage could threaten availability of hundreds of chip-powered critical care and ICU devices including ventilators, defibrillators, imaging machines, glucose, ECG, blood pressure monitors and implantable pacemakers.

Elan Group has awarded the construction contract worth Rs 62.15 crore to BL Kashyap and Sons Ltd. for Elan Paradise.

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