ITC Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × There's no stopping diversified conglomerate ITC's bull run. The stock is only 3 percent away from the Rs 400 mark and is trading at an all-time high. And, that too after taking a beating a day earlier after finance minister Nirmala Sitharaman in her Budget for 2023-24 announced a hike in National Calamity Contingent (NCCD) duty, only to recover swiftly and close in green. At 12.15 pm on February 2, the stock was quoting at Rs 381.30 apiece on the NSE, up 5.51 percent amid heavy volumes of 34.6 million shares. Earlier in the day, it had hit an all-time high of Rs 384.70 apiece. Follow our market blog for all the action Smoke signals Read More The stock corrected 6 percent as Sitharaman said the NCCD duty on cigarettes was hiked by 16 percent. The … [Read more...] about ITC nears Rs 400 mark; why costlier cigarettes are great news for shareholders
Stock firms near me
A UBS Tax Deferral Specialist Who Manages Nearly $5 Billion
Share to Twitter Share to Linkedin Name: Rebecca Glasgow Firm: UBS Private Wealth Management Location: Atlanta AUM: $4.6 billion Forbes Rankings: America’s Top Women Wealth Advisors, Top Women Wealth Advisors Best-in-State, Best-in-State Wealth Management Teams, Top Wealth Management Teams Private Wealth, Best-in-State Wealth Advisors Background: Originally from the Boston area, Rebecca Glasgow “always had an interest in numbers” and was planning to be a math major at Cornell University before switching to economics. She launched her career in wealth management shortly after graduation, doing municipal sales and institutional trading in Boston before moving to Washington, D.C., to join the financial planning arm of Lincoln Financial Group. Glasgow eventually moved to Atlanta and joined UBS in 2008, serving as a senior partner at the ESOP Group, one of just a handful of teams across the country that specializes in tax deferral … [Read more...] about A UBS Tax Deferral Specialist Who Manages Nearly $5 Billion
Berger Paints India Q3 net profit declines 20.5%; what do brokerages say?
Shares of Berger Paints India hit their lowest levels in 52 weeks in early trade on February 3, a day after the company posted a decline in its consolidated net profit for the December quarter. However, the recent correction in the stock triggered bargain buying from lower levels which helped it recoup its losses. At 10.52 am, shares of Berger Paints India traded 1.92 percent higher at Rs 551.00 on the National Stock Exchange as they recovered from their 52-week low of Rs 527.15. The paint manufacturer's consolidated net profit for the Oct-Dec period declined 20.5 percent on year to 200.9 crore dragged by higher expenses and a weak operational performance. Change in product mix, adverse impact of an extended monsoon and use of high-cost inventory weighed on the company's EBIDTA margin which contracted 239 basis points on year to 13% in the quarter ended December. One basis is one-hundredth of a percentage point. However, resilient volume growth on the back of judicious … [Read more...] about Berger Paints India Q3 net profit declines 20.5%; what do brokerages say?
No immediate impact on Adani entities’ credit profiles from Hindenburg report: Fitch Ratings
Adani group Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Fitch Ratings says there is no immediate impact on the ratings of the Fitch-rated Adani entities and their securities following the Hindenburg Research report alleging malpractices at India’s Adani group, and expects no material changes to its forecast cash flow. There are also no near-term significant offshore bond maturities – earliest in June 2024 for Adani Ports and Special Economic Zone Limited (APSEZ, BBB-/Stable); December 2024 for Adani Green Energy Limited Restricted Group 1 (AGEL RG1, BB+/Stable); and 2026 or beyond for all other entities – reducing refinancing risks and near-term liquidity risks. “Our ongoing monitoring will be looking closely at any major changes to the rated entities’ access to financing or cost of financing on a long-term basis, … [Read more...] about No immediate impact on Adani entities’ credit profiles from Hindenburg report: Fitch Ratings
Time To Follow Tesla Executives And Run For The Hills?
Share to Twitter Share to Linkedin Elon Musk, co-founder and CEO of Tesla, speaks during an event at the Hornsdale wind farm, operated ... [+] by Neoen SAS, near Jamestown, South Australia, on Friday, Sept. 29, 2017. (Carla Gottgens/Bloomberg In late January , I noted that Tesla (TSLA) CEO Elon Musk’s executive compensation plan raised significant red flags. Since then, proxy advisor Glass Lewis recommended investors vote against the proposal , which could grant Musk performance-based options worth over $2.6 billion. The red flags haven’t stopped there. More executive departures, more missed production projections, and competitors taking market share have left Tesla’s sky-high valuation with even more downside risk. Recent Departures Fail to Stoke Confidence The launch of the Model 3 marks a critical period for Tesla. As the company struggles to hit production targets on its first mass-market vehicle, one would hope the executive team … [Read more...] about Time To Follow Tesla Executives And Run For The Hills?
How Unemployment Reached A 50-Year Low Despite Massive Layoffs
Share to Twitter Share to Linkedin Topline The Labor Department's January jobs report showed the U.S. added 517,000 jobs last month as the unemployment rate reached a five-decade low—signaling the economy, and job market in particular, remains strong despite growing layoffs among technology firms that splurged on labor during the pandemic. Key Facts 2022 saw major companies announce layoffs with a majority coming from the tech sector, amounting to a total of 152,000 total job losses across 1,000 tech companies. Despite the layoffs, the January jobs report shows a significant increase in other sectors such as leisure and hospitality, which accounted for 128,000 added jobs last month. Other sectors seeing growth in jobs include government, healthcare, retail trade, professional and business services, construction, transportation and warehousing and manufacturing according to the report. A survey by ZipRecruiter, an online … [Read more...] about How Unemployment Reached A 50-Year Low Despite Massive Layoffs
How Can Retirees Invest Sustainably?
Share to Twitter Share to Linkedin Many retirees nowadays are concerned about the world they’re leaving for their kids and grandkids, with a particular focus on the potential impact of climate change. And financial institutions are paying attention: The New York Times reports that according to Morningstar, there were 588 sustainable mutual funds and exchange-traded funds (ETFs) in the U.S. in late 2022, up from 203 in 2017. Is it possible to align your retirement investments with your values? The short answer is yes, given the growth in sustainable investments. A more involved answer considers both conventional retirement investments as well as acknowledging a broader definition of the term “retirement investment.” This post focuses on sustainable investing with conventional retirement investments. First things first As a first step, retirees will want to make retirement planning decisions with the goal of balancing the common-sense formula for … [Read more...] about How Can Retirees Invest Sustainably?