low News: Catch latest news and updates on low only at KnowMyStock

LIC extends losing streak to 7th straight session, hits record low

LIC extends losing streak to 7th straight session, hits record low

Monday, February 27, 2023

Shares of Life Insurance Corporation of India (LIC) hit a record low of Rs 568.25, down 3 percent on the BSE in Monday's intra-day trade, amid heavy volumes falling for the seventh day in a row, over concerns about the insurer’s exposure to the Adani Group. At the current level, LIC shares are available at a discount of 40 percent to the upper end of their IPO price range. According to a report, LIC has lost over Rs 20,000 crore of investment value in the Adani Group since January 30. The biggest fall in the value has been in Adani Total Gas and Adani Enterprises. Out of all the Adani Group stocks, LIC holds the maximum in Adani Ports followed by Adani Enterprises and Adani Total Gas. Since January 24, the market value of Adani Group company has fallen by up to 82 percent. Read more

MARKET UPDATE: Sensex lowered over 100 points to trade below 60,000 levels, while the Nifty50 declined over 30 points to trade below 17,900 levels

MARKET UPDATE: Sensex lowered over 100 points to trade below 60,000 levels, while the Nifty50 declined over 30 points to trade below 17,900 levels

Wednesday, January 11, 2023

Opening bell: Indian markets opened lower in today's(11 January 2023) trade amid tepid foreign flows and rising oil prices. Key indices Nifty50 declined over 30 points to trade below 17,900 levels, whereas the S&P BSE Sensex lowered over 100 points to trade below 60,000 levels. Broader markets, also, were mixed as Nifty SmallCap 100 index outperformed Nifty MidCap 100 index. Read more

MARKET UPDATE: Sensex was up 150 points at 61,200 and the Nifty50 index was below 18,250

MARKET UPDATE: Sensex was up 150 points at 61,200 and the Nifty50 index was below 18,250

Thursday, December 22, 2022

Bulls and bears were fighting on Dalal Street today (22 December 2022) as fears of a global slowdown amid Covid-19 fears in China and likely recession in the US and Europe weighed on cyclical sectors. Defensives like pharma and IT, however, lent support. sector-wise Autos, financials, metals, and realty stocks led the losses with nearly 1 percent cut each on their respective sectoral indices. The S&P BSE Sensex was up 150 points at 61,200, while the Nifty50 index was below 18,250. Read more

Laurus Labs hits 52-week low on margin concerns

Laurus Labs hits 52-week low on margin concerns

Tuesday, November 29, 2022

Shares of Laurus Labs hit a 52-week low at Rs 415 as they slipped 8 percent on the BSE in Tuesday’s intra-day trade in an otherwise firm market on margin concerns and after Kotak Institutional Equities assigned a sell call to the pharma firm with a target of Rs 350. The market cap of the pharma firm fell to Rs 22,504 crore on BSE. A total of 3.67 lakh shares of the firm changed hands amounting to a turnover of Rs 15.56 crore on BSE. Citing that Laurus Labs has witnessed severe pricing pressure and lower volumes in its ARV formulations portfolio for five quarters now, resulting in significant pressure on core margins, the research firm Kotak Institutional Equities downgraded Laurus to sell with a target price of Rs 350, which shows a downside potential of 17% from the current market price of Rs 418. Read more

Gland Pharma fell 12 percent post Q1 result

Gland Pharma fell 12 percent post Q1 result

Thursday, July 21, 2022

Shares of pharmaceutical company Gland Pharma hit a 52-week low of Rs 2,182 as they slipped 12 percent on the BSE in Thursday's intra-day trade. Consolidated net profit declined 35% YoY and 20% sequentially to Rs 229 crore in the Apr-Jun quarter, led by lower operating income and a 26% YoY fall in revenue from operations at Rs 857 crore in the period. The pharmaceutical company's PAT stood at Rs 351 crore in Q1FY22. On a sequential basis, PAT was down 20 percent from Rs 286 crore in Q4FY22The company's revenue from operations declined 26 percent YoY to Rs 857 crore from Rs 1,154 crore, and 22 percent QoQ from Rs 1,103 crore. Last year's revenue was higher due to Covid-19-related product sales. The company said continued supply disruption, cost escalation, and the Company’s decision to shut down two of its manufacturing lines for productivity improvement have affected the business for the quarter. Read more

Asian equities witness large outflows for last four months

Asian equities witness large outflows for last four months

Thursday, May 5, 2022

Asian equities saw massive foreign capital outflows in April. This is mainly driven by the expectations of a hawkish policy by the U.S. Federal Reserve and concerns over the impact of China's lockdowns on regional growth. Overseas investors offloaded Asian equities worth $14.22 billion in their fourth straight month of net selling, Refinitiv data for stock exchanges in Taiwan, India, South Korea, the Philippines, Vietnam, Indonesia, and Thailand showed. The region's combined net foreign selling from January to April stood at $45.76 billion, the most in the first four months since at least 2008. Read more

MARKET UPDATE:BSE Sensex 115 points higher at 61,265, while the NSE Nifty 37 points up at 18,250

MARKET UPDATE:BSE Sensex 115 points higher at 61,265, while the NSE Nifty 37 points up at 18,250

Thursday, January 13, 2022

In the Indian markets, benchmark indices today (13th January 2021)steadily held opening gains in early morning trade. The BSE Sensex was 115 points higher at 61,265, while the NSE Nifty was 37 points up at 18,250. On the Sensex, Tata Steel and PowerGrid were the leading gainers, up 3 percent each, followed by Sun Pharma, NTPC, ITC, L&T, and RIL. On the flip side, Wipro was the biggest loser, down 5 percent, after the company fell short of market expectation, as it’s net profit was up 1.3 percent on a quarter on quarter (QoQ) basis at Rs 2,969 crore for the third quarter ended December 2021 (Q3FY22). READ HERE. HDFC Bank, HCL Tech, M&M, Titan, Asian Paints, Axis Bank, and IndusInd Bank were the other notable losers. Read more

India's Manufacturing PMI falls to three month low in December amid Covid fears

India's Manufacturing PMI falls to three month low in December amid Covid fears

Monday, January 3, 2022

India’s manufacturing activity lost some momentum in December falling to a three-month low after hitting a 10 month high in November, amid fears that the rapidly spreading third wave of the Coronavirus (Covid-19) pandemic may hit consumer sentiment and output. Data released by the analytics firm IHS Markit showed that the Purchasing Managers’ Index (PMI) for manufacturing fell to 55.5 in December from 57.6 in November. A reading above 50 indicates expansion in economic activity and a number below that signals contraction. “Companies continued with their stock-building initiatives, as evidenced by another robust upturn in buying levels. Business confidence strengthened, but sentiment was again dampened by concerns surrounding supply-chain disruptions, Covid-19 and inflationary pressures,” the data analytics firm said. Read more

MARKET UPDATE:Sensex nearly 500 points down to quote at 56,618 level while the Nifty at 16,891, down 158 points

MARKET UPDATE:Sensex nearly 500 points down to quote at 56,618 level while the Nifty at 16,891, down 158 points

Monday, December 27, 2021

Indian benchmark indices opened lower today(27th December 2021) amid weak sentiment. The BSE Sensex was trading nearly 500 points down to quote at 56,618 level while the Nifty50 was at 16,891, down 158 points. In the broader markets, the BSE MidCap and SmallCap indices were also in the red zone, trading 1 percent lower. Among individual stocks that comprise the Sensex, IndusInd Bank, Bajaj Finance, Bajaj Finserv, Asian Paints, Maruti Suzuki, and Axis Bank were among the top losers that slipped 0.7 percent to 4.6 percent. RBL Bank lost 15 percent to Rs 146 levels after the bank said over the weekend that Vishwavir Ahuja, its managing director, and chief executive officer, had gone on leave after the Reserve Bank of India appointed Yogesh K Dayal as an additional director of the bank. Action for RBL is important in light of the problems encountered by private lenders like YES Bank and Lakshmi Vilas Bank last year. Read more

MARKET UPDATE: Sensex quoted 653 points lower at 56,358 level while Nifty broke below the 16,800-mark at 16,795, down 190 points

MARKET UPDATE: Sensex quoted 653 points lower at 56,358 level while Nifty broke below the 16,800-mark at 16,795, down 190 points

Monday, December 20, 2021

Indian benchmark indices opened lower today (20th Dec.2021) as investors continue to track the spread of the Omicron Covid variant. The World Health Organization recently warned that the number of cases is doubling in 1.5 to 3 days in areas with community spread. That apart, Asian stocks dropped in early trading today after China slashed its benchmark lending rate for the first time in more than one-and-a-half years. The move likely indicates policymakers' concerns around the slowing economic growth in China, which worried investors. The BSE Sensex quoted 653 points lower at 56,358 level while the Nifty50 broke below the 16,800-mark at 16,795, down 190 points. Both the indices were down over 1 percent each. In the broader markets, the BSE MidCap and SmallCap indices fell 2 percent each. Read more

Star Health: Good opportunity for long-term investors

Star Health: Good opportunity for long-term investors

Thursday, November 25, 2021

Star is the largest standalone health insurer. It has an excellent distribution network and a large hospital network of 11,778 hospitals. The network of 460,000 agents accounted for 79 percent of gross written premium (GWP) in 2020-21. The agent network is three times as large as the next-largest standalone health insurer. All claims processing is in-house, which means lower expenses. Star holds a 15.8 percent market share in the health segment, with a GWP of Rs 9,349 crore in 2020-21 and a GWP of Rs 5,070 crore in the first half of 2021-22. The product suite insured 20.5 million in FY21. Retail health and group health, accounted for 89.3 percent and 10.7 percent respectively, of health GWP in FY21. In retail, Star’s market share was 31 percent (ex-travel) and the CAGR for retail was 33 percent over the past three financial years. Read more

Closing Bell: Sensex ends flat, Nifty at 18109.45

Closing Bell: Sensex ends flat, Nifty at 18109.45

Monday, November 15, 2021

At Close, the Sensex was up 32.02 points or 0.05% at 60718.71, and the Nifty was up 6.70 points or 0.04% at 18109.50. Power Grid Corporation was the top Sensex gainer, followed by ITC, Asian Paints, and Nestle India. Tata Steel was the worst-performing, followed by Mahindra & Mahindra, and Bajaj Auto. About 1218 shares have advanced, 2038 shares declined, and 145 shares are unchanged. The Healthcare index surged 2.1 percent, and the FMCG index was up 0.8 percent. Whereas the Metal index dropped 2.4 percent, and the Telecom index declined 0.7 percent. The BSE Midcap index was up 0.4 percent, while the Smallcap index was down 0.2 percent. India VIX closed 1.64% higher at 15.49 levels.

MARKET UPDATE:Sensex down 115 points at 60,706 while Nifty below 18,100 mark, down 60 points

MARKET UPDATE:Sensex down 115 points at 60,706 while Nifty below 18,100 mark, down 60 points

Monday, October 25, 2021

The Indian markets were off to a volatile start today(25th Oct.2021) as investors assessed the September quarter results of index heavyweights. Meanwhile, the choppy Asian market mood also rubbed off on investor sentiment back home. At 9.30 am, Sensex was down 115 points at 60,706 while Nifty was below the 18,100 mark, down 60 points. Nifty Realty was the worst sectoral performer, followed by Pharma, IT, and FMCG. The banking and financial sectors held ground in an otherwise weak market. Broader markets tumbled in tandem with benchmarks, while the volatility index, India VIX, spiked 5%. Read more

Asian Paints down 7 percent post Q2 results

Asian Paints down 7 percent post Q2 results

Thursday, October 21, 2021

Shares of Asian Paint were down 7 percent, hitting an over two-month low of Rs 2,961 on the BSE in Thursday’s intra-day trade, after the company, reported a 29 percent fall in the net profit to Rs 605.2 crore in Q2FY22 as against Rs 852 crore in the same quarter a year ago, while its revenue jumped by 32.6 percent to Rs 7096 crore in the July-September quarter of FY22 versus Rs 5350 crore during the same quarter in FY21. The company’s bottom line performance missed expectations of all eight brokerages polled by ETMarkets.com.The company’s board also approved an interim dividend of Rs 3.65 per share at its meeting held earlier today. The decline in the company’s bottom line was largely due to a sharp spike in expenses during the quarter. Asian Paints’ total expenses jumped 49 percent on-year to Rs 6,418.2 crore led by a 73 percent rise in the cost of raw materials. Read more

Coal India quarterly result

Coal India quarterly result

Tuesday, August 10, 2021

The country's largest coal mining company, Coal India reported a 52.4 percent year-on-year rise in consolidated net profit to Rs 3,174 crore for the quarter ended June, which was below analysts’ expectations. Profit was estimated at Rs 3,805 crore on revenue of Rs 24,400 crore for the June quarter, according to the average estimates of analysts polled by CNBC. It was Rs 2,080 crore in the year-ago period. Consolidated revenue from operations increased 36.8 percent year-on-year to Rs 25,282.1 crore in Q1FY22, with offtake (raw coal) rising sharply by 32.8 percent YoY to 160.44 million tonnes. The company also saw a sharp rise in expenses during the quarter led by raw material costs. Coal India’s consolidated total expenses in the reported quarter jumped 31.3 percent on year to Rs 21,626.5 crore. The state-owned coal mining firm produced 123.98 million tonnes of raw coal in Q1FY22, increasing compared to 121.04 million tonnes of production in the corresponding period last fiscal. Read more

Midcap and Smallcap stocks down;24 stocks freeze at lower circuits

Midcap and Smallcap stocks down;24 stocks freeze at lower circuits

Tuesday, August 10, 2021

Today (10th August 2021) shares of mid and small-cap companies came under pressure, falling by up to 18 percent on the BSE amid profit booking. At 02:04 pm, the S&P BSE Midcap index and the S&P BSE Smallcap index were down 1 percent and 2 percent, respectively. In comparison, the benchmark S&P BSE Sensex was up 0.23 percent at 54,527 points. With today's fall, mid-and small-cap indices have corrected 3.3 percent and 4.6 percent, respectively from their respective all-time highs touched on August 4, 2021. Prior to that, the S&P BSE Midcap index had rallied 29 percent, and the S&P BSE Smallcap index had zoomed 48 percent in the calendar year 2021. Read more

Smallcap funds make for a good investment choice now

Smallcap funds make for a good investment choice now

Tuesday, July 20, 2021

Smallcap companies are those that have a market capitalisation of less than the 250th stock on the stock exchange. With economic data improving, the corporate profitability of smallcap companies can be expected to improve. Investors looking for decent returns and having a higher risk tolerance can look to invest in small caps. When it comes to mutual funds, schemes that invest at least 65% of their portfolio in smallcap stocks can be deemed as smallcap funds. There are over 4,500 smallcap companies listed on the stock exchange in India. Though they have the potential to give investors good returns, it is advisable to stay invested in them for the long term to mitigate the risks. Actively managed to smallcap funds can outperform other segments of the market, especially during phases of economic recovery or growth. Historically too, the smallcap funds have managed to outperform other segments. Read more

Global sell-off, slowing growth drag Sensex 480 pts lower; Nifty ends below 15,750

Global sell-off, slowing growth drag Sensex 480 pts lower; Nifty ends below 15,750

Thursday, July 8, 2021

Mainly due to slowing growth and sinking Dow futures ahead of US market opening benchmark indices ended the day deep in the red today(8th July 2021), dragged by banks and metal stocks. The move was volatile as profit booking near all-time high levels continued. Fitch, meanwhile, cut India’s FY22 GDP growth forecast to 10 percent but sees revival if vaccination is rapid. Anxiety that the spread of Covid-19 variants could upend growth going forward, back-pedaled reflation trades in global markets. The frontline S&P BSE Sensex ended 486 points down at 52,569 levels while the broader Nifty50 defended the psychological zone of 15,700 to end at 15,728 level, down 152 points. The BSE MidCap and BSE SmallCap indices slipped 0.37 percent and 0.09 percent in the broader markets, respectively. Read more

BHEL gains 7% after it has emerged as the lowest bidder

BHEL gains 7% after it has emerged as the lowest bidder

Thursday, March 18, 2021

Shares of Bharat Heavy Electricals Limited (BHEL) rallied 7 per cent to Rs 53.80 on the BSE in intra-day trade on Thursday after the company said it has emerged as the lowest bidder for supply of equipment for 6x700 MW nuclear power projects of Nuclear Power Corporation of India for Rs 10,800 crore. With this tender, BHEL has retained its market leadership position of being the sole Indian supplier of nuclear steam turbines. "In an open competitive bidding process, Bharat Heavy Electricals has emerged as the lowest bidder (Rs 10,800 crore) for the fleet mode tender floated by Nuclear Power Corporation of India Ltd (NPCIL) for the 6x700 MW Turbine Island Package Projects," the company said in a BSE filing. PHWRs (Pressurised Heavy Water Reactors) are the mainstay of the Indian Nuclear Power Programme and 12 of the 18 operating PHWRs of NPCIL are equipped with BHEL-supplied steam turbine generator sets (10x220 MWe + 2x540 MWe) with the balance from Canada and Ukraine. Read more

Retail investors in driver's seat :UBS

Retail investors in driver's seat :UBS

Monday, January 25, 2021

Foreign investor flows have taken a backseat over the past couple of years with retail investors now being in the driver’s seat, suggests a recent report from foreign brokerage firm UBS. “Overall, when we combine household equity savings through mutual funds and direct share purchase, we see that households are a material force to be reckoned with: overall 25 percent higher than foreign portfolio investment (FPI) net inflows over the last two years,” a January 20 UBS note said. the key trigger for the increased retail participation in equities has been the lockdown triggered by Covid-19 that saw investors channelizing their savings to capital markets in search of a better return on their investments and the need to increase their disposable income. The share of client participation in capital markets at the NSE for individuals rose to 46 percent in fiscal 2020-21 (FY21) on a YTD basis, as compared to 39 percent in FY20, UBS said.

Nifty may touch 14,100 by December 2021

Nifty may touch 14,100 by December 2021

Thursday, November 12, 2020

Global brokerage firm Goldman Sachs and Nomura in a report dated November 11, has pegged Nifty50 target at 14,100 by December 2021and will be up 11 per cent from the current levels raising Indian Market as overweight on the back of strong capital flows. The reversal comes with foreign brokerages saying that earnings are likely to continue improving for the next two years after the sharp fall this year and a global recovery from the pandemic that jolted equity markets earlier this year. The foreign brokerage firm also highlighted that the market sentiment is high due to positive reports about the coronavirus vaccine. Nifty 50 has managed to chart its way to make fresh all-time highs repeatedly over the last few days. Goldman Sachs’ new target would see Nifty go another 11% from its current record high of 12,769 points. “We think the investment case for India has improved now, and upgrade it back to overweight,” Goldman Sachs said in a note. Read more

Public Sector Banks face fresh capital shortages as coronavirus aftermath: Moody's

Public Sector Banks face fresh capital shortages as coronavirus aftermath: Moody's

Friday, August 21, 2020

Public sector banks in India will need external capital injection of Rs 1.9-2.1 trillion over the next two years to restore loss absorption capacity, according to Moody’s. The most likely source of capital to plug these capital shortfalls is the government, despite its completion of a large recapitalisation just a few months ago. Uncertainty surrounding India's economic recovery and the ongoing clean-up of balance sheets are making it difficult for banks to raise equity capital from markets, the rating agency said in a statement. "PSBs dominate India's banking system, meaning any failure could jeopardise financial stability Moody’s, said. The sharp slowdown in India's economic growth, exacerbated by the coronavirus outbreak, will hurt public sector banks' (PSBs) asset quality and drive up credit costs. The Non-Performing Loans (NPLs) ratio will rise to 14.5 percent by March 2022 from 11 percent as of March 2020.

Manmohan Singh offers three remedies to help to restore the country’s financial health

Manmohan Singh offers three remedies to help to restore the country’s financial health

Monday, August 10, 2020

Former prime minister Manmohan Singh and world-renowned economist has proffered three steps to restore the country’s financial health. Singh, a long-time Congress stalwart who is often credited as the architect of India's economic reforms program, suggested direct cash assistance to protect livelihoods and retain spending power, government-backed credit guarantee schemes to make capital available for businesses, and institutional autonomy to fix the financial sector. "I do not want to use words like 'depression' in a cavalier fashion," said Singh in a conversation with the BBC, adding that a deep and prolonged economic slowdown was inevitable. Read more

YES Bank hits 10% lower circuit after FPO shares list for trading

YES Bank hits 10% lower circuit after FPO shares list for trading

Monday, July 27, 2020

Private sector lender Yes Bank’s shares were locked in 10 % lower circuit at Rs 12.30 on the BSE on Monday after the listing of fresh shares allotted in the follow-on public offer (FPO). The stock was trading at Rs 12.30 per share, down from its previous close of Rs 13.65 apiece. 12,504 million equity shares of YES Bank are listed and admitted for trading on the exchange with effect from July 27, 2020. The private sector lender raised Rs 14,272 crore through the FPO, which was subscribed 95 per cent. The issue opened on July 15 and closed two days later.FPO had sailed through only due to the lender's underwriting agreement with SBICap, wherein the latter agreed to underwrite Rs 3,000 crore at a price equal to or the lowest end of the price band. YES BANK stock has consistently been falling since the pricing announcement of the FPO. It has fallen 54 per cent from the level of Rs 26.65 on July 9, 2020. There were pending sell orders of 41,640,911 shares, with no buyers available. Read more

Gold prices surged to a record high

Gold prices surged to a record high

Tuesday, June 23, 2020

Gold prices surged to a record high in India today( 22nd June 2020), as safe-haven bets remained in vogue in light of the coronavirus pandemic that has led to an economic slowdown across the globe. The escalated geopolitical tensions between India and China also drove the recent leg of the rally for the yellow metal in the domestic market. Analysts believe the rally for gold is here to stay and foresee a firm trend in the near term. Read more

Government and Sebi plans ways to check FPI flows from China

Government and Sebi plans ways to check FPI flows from China

Monday, May 11, 2020

After foreign direct investment (FDI), the Indian government is looking to clamp down on unbridled access to the Indian market by Chinese portfolio investors as it seeks to plug a possible loophole that investors from across the border can use to acquire shares in listed domestic companies. The department of economic affairs in the finance ministry is looking at options, including the possibility of mandating the “approval route” for Chinese foreign portfolio investment (FPI) as well. FPI investors typically acquire smaller shares and keep churning their investments. The government will initiate the steps in consultation with markets regulator Sebi. Read more

Why Nifty hit lower circuit

Why Nifty hit lower circuit

Friday, March 13, 2020

The Nifty50 index hit a 10 percent lower circuit today,13th March, bringing trading to a halt for a while. "Over the last few days, the Indian stock market has been moving in tandem with other global markets owing to concerns relating to Covid-19 pandemic, resultant fear of economic slowdown, recent fall in global crude oil prices, etc,” according to Sebi. Major factors are: 1. A rapidly spreading coronavirus took the first life in India as a 76-year-old man from Karnataka's Kalaburgi tested positive for Covid-19. 2. Oil prices fell on Friday for a third day, with Brent crude set for its biggest weekly drop since 1991 and US crude heading for the worst week since 2008 3. Foreign portfolio investors (FPIs) have dumped domestic shares worth nearly Rs 24,000 crore in March till now. 4. Global stock markets crashed ending their long bull run, with coronavirus panic selling hitting almost every asset class

Credit flow to real estate sector needs to improve: RBI Guv

Credit flow to real estate sector needs to improve: RBI Guv

Tuesday, February 25, 2020

Reserve Bank of India (RBI) Governor Shaktikanta Das on 24th Feb said that slowing credit offtake was one of the challenges facing Indian banks and credit flow to the real estate sector needed to improve. He said, "RBI proposes to take tematic studies across financial institutions, and top 50 Non-Banking Financial Companies (NBFCs) are also being monitored very closely. Amid a liquidity crunch following the crisis in IL&FS in 2018, it has become difficult for developers to real estate sectorraise construction finance, once considered the safest form of lending by banks and NBFCs. Reserve Bank Governor also asked banks to be prudent in lending and highlighted that the quality of appraisal is very important. He mentioned that the issue of governance in public and private sector banks is of utmost importance and the management of banks have a critical role to play in improving the governance.

Tag: low

Download Our App Now!