Tag: Stock Market

Marijuana stocks – are they worth your money?
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Marijuana stocks – are they worth your money?

Marijuana stocks — are they worth your money? David Kretzmann, chief analyst with Motley Fool, believes that cannabis is in a good position to become the new crypto. Imagine buying Bitcoin back in 2013, when one coin was worth only $130, and selling it for $19,535 at the end of 2017. During the said period BTC grew 150 times. Not all agree that marijuana stocks will ever demonstrate suchlike growth. However, it is without doubt that this brand-new asset class can be of great value to investors who know how to trade it. Certain experts believe crypto and cannabis industries have a lot in common 5 cannabis stocks and one cannabis ETF can be found on the IQ Option platform (to be traded as CFDs). Read this article to learn more about these assets and ways to trade them. ...
Does the stock market accurately reflect the status of the economy?
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Does the stock market accurately reflect the status of the economy?

https://www.youtube.com/watch?v=ZCFkWDdmXG8 In partnership with Vox Media Studios and Vox, this enlightening explainer series will take viewers deep inside a wide range of culturally relevant topics, questions, and ideas. Each episode will explore current events and social trends pulled from the zeitgeist, touching topics across politics, science, history and pop culture -- featuring interviews with some of the most authoritative experts in their respective fields. In this episode: Does the stock market accurately reflect the status of the economy? Finance specialists discuss market history, valuations and CEO incentives. US Rating: TV-MA. This show is designed for for mature audiences only. Credit: Netflix
Grasim Industries Q1 results: Net profit falls 67% to Rs 621 crore; revenue dips 32%
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Grasim Industries Q1 results: Net profit falls 67% to Rs 621 crore; revenue dips 32%

Grasim Industries on Thursday reported a 66.61 per cent year-on-year fall in net profit at Rs 620.74 crore for the quarter ended June 30. The figure stood at Rs 1,859.61 crore in the corresponding quarter last year.Consolidated revenue from operations of the company declined 32.24 per cent YoY to Rs 13,621.10 crore. The figure stood at 20,103.04 crore last year. Grasim is the parent firm of UltraTech Cement and also owns Aditya Birla Group’s solar, renewable energy and capital investment businesses. The company said the results should be seen in light of the unprecedented disruption in economic activities due to the Covid-19 induced lockdown in all the major markets during the quarter and the resultant demand and supply chain disruptions. It said the company’s viscose business was sub...
Tanla Solutions Q1 results: Reports profit of Rs 79 cr
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Tanla Solutions Q1 results: Reports profit of Rs 79 cr

NEW DELHI: Communication services firm Tanla Solutions on Wednesday posted a consolidated profit of Rs 78.6 crore in the first quarter ended June 30, 2020.The company had registered a loss of Rs 75.7 crore in the same quarter a year ago. "Tanla's quarterly performance bucks the trend amidst the raging pandemic disrupting global economies. Our unique market standing as a leading digital and cloud communications player have resulted in robust topline and bottomline growth both year-on-year and quarter-on-quarter," Tanla Chairman and Managing Director Uday Reddy said in a statement. The company's total income grew 17.4 per cent to Rs 468.77 crore during the reported quarter from Rs 399.27 crore in the corresponding quarter of 2019-20. During the quarter under review, Tanla signed 80 new ...
Evolution Petroleum: The Denbury Pain
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Evolution Petroleum: The Denbury Pain

Evolution Petroleum (EPM) has long had a pristine balance sheet and an excellent growth record. But the stock has rarely been valued in accordance with that record. The reason is that Denbury Resources (DNR) has had financial challenges for a very long time. Denbury is unfortunately, the operator of the most significant asset of Evolution Petroleum. Partnerships are generally only as strong as the weakest link. In this case, Denbury, the weakest link by far, is now facing its greatest challenges. Denbury Resources has now announced that it is skipping the second bond payment that is now due. Short of a highly unusual agreement outside of a formal reorganization, a bankruptcy filing in the near future would be a reasonable expectation by the market. For Evolution, highly probable reorgani...
Sensex snaps 4-day winning streak, slips 37 points; VIX falls for 7th day
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Sensex snaps 4-day winning streak, slips 37 points; VIX falls for 7th day

NEW DELHI: Stock market bulls made a valiant effort during the day, wiping almost all of the losses but failed to help the bluechip indices close in the green on Wednesday.Launch of the first Covid-19 vaccine in Russia, rebound in European markets and firm US stock futures boosted sentiments on Dalal Street but looming uncertainty on the stimulus package in the US kept investors on their toes, which resulted in a choppy trade. The 30-share pack Sensex dropped 37 points to 38,370, snapping its four-day rally. Kotak Mahindra Bank, TCS and Reliance Industries were the top drags on index. NSE barometer Nifty fell 14 points to 11,308, breaking a six-day streak. India VIX, a measure of volatility, dropped for the seventh day to 20.89, providing some relief to traders. “Indian benchmark indice...
HGLB: Not Worth It
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HGLB: Not Worth It

Thesis Summary Highland Global Allocation Fund (HGLB) seeks long-term growth of capital. By nature, the fund is global and flexible. This makes the investment option of this fund to be unlimited. HGLB can invest in a portfolio of the United States and also in foreign equity. The fund is incredibly well-diversified, which helps mitigate risks, but it has lost over 50% over the last 10 years. ETF Overview Highland Global Allocation Fund has an investment objective that tracks a long-term growth of capital. The fund achieves this investment objective by investing in the portfolio of the US and foreign equity, debt, and money market securities. This global allocation fund is managed by James Dondero. The portfolio manager invests primarily in the US and foreign equity and debt securities w...
Inox Benefit Trust sells Inox Leisure shares worth over Rs 101 cr
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Inox Benefit Trust sells Inox Leisure shares worth over Rs 101 cr

NEW DELHI: Inox Benefit Trust on Tuesday offloaded shares of Inox Leisure Ltd worth over Rs 101 crore through open market transactions.A total of 43.5 lakh scrips amounting to nearly 4.23 per cent stake in the firm were sold by Inox Benefit Trust, block deal data on BSE showed. The shares were sold at Rs 233 apiece, translating into a deal size of Rs 101.36 crore. Through separate transactions, the scrips were picked up by Skale Master Fund Ltd, Abu Dhabi Investment Authority and HDFC Mutual Fund. Skale Master Fund bought 8.55 lakh scrips, Abu Dhabi Investment Authority 11.25 lakh shares and HDFC Mutual Fund 23.7 lakh shares in Inox Leisure, the block deal data showed. Shares of Inox Leisure ended at Rs 235.6 on BSE on Tuesday, up by 2.39 per cent. Source: ET Markets
Market Movers: YES Bank, IBRealty hit upper circuits; sell signals in 11 stocks
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Market Movers: YES Bank, IBRealty hit upper circuits; sell signals in 11 stocks

Riding on strong global cues amid sustained inflows from foreign institutional investors, NSE benchmark Nifty extended its gains into the sixth straight session on Tuesday.The 30-share Sensex pack advanced 224 points to 38,407, extending its rally into the fourth straight session. Nifty settled 52 points up at 11,322. Metals, banking, oil and gas and energy stocks were most sought, as investors sold telecom and healthcare names. “The rally was in sync with positive global cues, on the back of expected stimulus from the US, improving economic data points from China and the first coronavirus vaccine getting registered in Russia,” said Vinod Nair, Head of Research, Geojit Financial Services. Overseas investors have poured in more than Rs 10,000 crore in the domestic equity market in Augu...
Stocks in the news: ICICI Bank, Titan, Motherson Sumi, IndiGo, IPCA Labs, BoB and Persistent Systems
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Stocks in the news: ICICI Bank, Titan, Motherson Sumi, IndiGo, IPCA Labs, BoB and Persistent Systems

Nifty futures on the Singapore Exchange traded 18.50 points, or 0.16 per cent higher at 11,337.50, in signs that Dalal Street was headed for a positive start on Tuesday. Here are a few stocks which may buzz the most in today's trade: Bosch, Motherson Sumi and Bajaj Electricals: Bosch, Motherson Sumi Systems, Metropolis Healthcare, KRBL, Galaxy Surfactants, Bajaj Electricals, Symphony, Shriram City Union Finance, Chalet Hotels AIA Engineering, Central Bank of India and Oracle Financial Services Software are among companies which will announce their fourth quarter results on Tuesday. ICICI Bank: The second largest private sector lender ICICI Bank set the floor price at Rs 351.36 per share for its proposed share sale to raise up to Rs 15,000 crore. InterGlobe Aviation: IndiGo's parent co...