Business Tips of the Day: Keep an eye on Hero MotoCorp, Paytm and Nykaa shares today, may get good news
FSN E-Commerce Ventures has had a great performance in the fourth quarter of the financial year 2023. Gross advances of Equitas Small Finance Bank have increased by 36 percent in the March quarter as compared to the previous year. Veteran investor Radhakishan Damani’s company Avenue Supermarts reported a revenue of Rs 10,337.12 crore in the March quarter, up 20 per cent over the previous year. Ujjivan Small Finance Bank’s advances grew by 33 per cent to Rs 24,114 crore. Tata Steel’s domestic production rose 5.1 per cent to 5.15 million tonnes in the March quarter. Paytm’s parent company One97 Communications reported a 40 per cent increase in GMV on its platform in the March quarter.
Which stocks will remain volatile
According to the momentum indicator MACD, the shares of Bandhan Bank, TV18 Broadcast, Coal India, RattanIndia Power and Wipro are likely to gain momentum on Thursday. On the other hand, Usha Martin, MCX, Pidilite, Route Mobile and Mukand may decline.
market condition
The rally in the local stock markets continued for the fourth consecutive trading session on Wednesday and the BSE Sensex climbed 582.87 points. A day before the RBI’s monetary policy review, the 30-share Sensex closed at 59,689.31, up 582.87 points, or 0.99 per cent. Of the 30 Sensex scrips, 21 ended with gains and nine with losses. The Nifty closed above 17,500 at 17,557.05 with a gain of 159 points, or 0.91 percent. Nifty’s 37 stocks were in profit while 13 were in loss. Larsen & Toubro was the top gainer in the Sensex pack, gaining 3.96 per cent.