IT Sector Stocks: Nifty IT slips 10% amid lower than expected Q4 results and margins slump

Stock Price: Nifty IT

In the last one month, Nifty IT fell by 10.03% to 32225.79 points while in the same period Nifty 50 is down from just 1.25% to 17135.44 points. Recently IT companies are releasing their quarter 4 results for the financial year 22. Quarter 4 FY22 results below expectations India’s two largest IT companies TCS and … Read more

Sensex and Nifty down 2% amid rising oil prices, Russia-Ukraine crisis, spike in Covid cases

Stocks Price: Sensex and Nifty down

Today the Indian stock market was in a downtrend, the Nifty 50 index fell from 2.07% to 17102.58 points and the Sensex fell from 2.25% to 56958.91 points till the market closed. Till today’s market closing Nifty IT was down by 4.57% to 32688.24 points, Nifty Bank was down from 2.39% to 36531.25 points and … Read more

HDFC Bank merger: Why did HDFC Ltd merge with HDFC Bank and what does deal mean for investors and customers

Stock price: HDFC Ltd merge with HDFC Bank

HDFC Bank and HDFC Ltd announced the merger on 4 April 2022. The board of housing finance firm HDFC Ltd has approved a proposal to merge its subsidiaries and associates with HDFC Bank. HDFC Bank also announced the quarter 4 FY22 numbers and after this merger announcement, the shares of both HDFC Bank and HDFC … Read more

TCPL merged with Tata Coffee Ltd and acquired stake in UK based subsidiary: Tata Coffee, Tata Consumer shares surge

Tata Coffee, Tata Consumer shares surge: TCPL merged with Tata Coffee Ltd and acquired stake in UK based subsidiary

Today Tata Consumer Products Ltd (TCPL) Share Price was trading up almost 7% at Rs 776.09. TCPL announced plans to merge with Tata Coffee Limited and acquire a stake in its UK-based subsidiary. The share price of Tata Coffee also rose by around 13% to Rs 216.90. The company said that the plantation business of … Read more

PVR INOX Merger Combined entity to run over 1500 screens across India, PVR and INOX Leisure shares hit 52-week high

Trading: PVR INOX Merger Combined entity to run over 1500 screens across India, PVR and INOX Leisure shares hit 52-week high

Today the stock price of multiplex players PVR and Inox touched its 52 weeks high. The stock of PVR was trading up by 5.02% in early trade to Rs 2002.80 and Inox Leisure stock was trading up by 15.88% to Rs 559.15. Yesterday, both these companies announced that the board of the companies has approved … Read more