Latest news with #Moving
Time of India
a day ago
- Business
- Time of India
Go Digit shares surge 8% after 37% YoY gain in Q1 profit
Shares of Go Digit General Insurance surged 7.65% to Rs 371 after announcing a robust 37% year-on-year (YoY) increase in its net profit for the first quarter. This growth was largely driven by improved collections of insurance premiums. The new-age insurance startup posted a net profit of Rs 138 crore for the quarter ended June 30 compared with Rs 101 crore a year earlier. Explore courses from Top Institutes in Please select course: Select a Course Category Artificial Intelligence Data Science others Healthcare MCA Design Thinking Leadership Technology Data Analytics Public Policy MBA Digital Marketing CXO Others Finance Operations Management Data Science Management Degree Cybersecurity Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Total income increased by 5% year-on-year to Rs 2,179 crore, up from Rs 2,076 crore in the corresponding quarter of the previous year. A key metric for insurance companies, gross written premiums (the total premiums collected before deducting any expenses or claims), grew by 12% year-over-year to Rs 2,981.8 crore. Additionally, the net premium earned — which is the actual revenue retained after accounting for reinsurance and other adjustments — increased slightly to Rs 1,865 crore compared to Rs 1,823.7 crore last year. These figures suggest that Go Digit is expanding its business and improving its revenue streams steadily. Live Events As of June 30, 2025, the company's assets under management (AUM) reached Rs 20,861 crore, reflecting a 17.4% increase from Rs 17,773 crore recorded a year earlier on June 30, 2024. Stock Price and Technicals The stock of Go Digit General Insurance has rallied approximately 28% over the past three months, reflecting strong investor interest. Its 52-week high stands at Rs 407.55, while the 52-week low is Rs 264.80. From a technical analysis perspective, the 14-day Relative Strength Index (RSI) is currently at 47.1. The RSI is a momentum indicator that measures the speed and change of price movements. Typically, an RSI below 30 suggests the stock is oversold (potentially undervalued), while an RSI above 70 indicates it is overbought (possibly overvalued). At 47.1, the stock is in a neutral zone, neither oversold nor overbought. Additionally, Go Digit General Insurance is trading above all 8 of its Simple Moving Averages (SMAs), ranging from the short-term 5-day SMA to the long-term 200-day SMA. This alignment of price above multiple moving averages is generally considered a bullish signal, suggesting positive momentum across different time frames.
Economic Times
2 days ago
- Business
- Economic Times
Laurus Labs shares jump over 7% after securing land allotment in Andhra Pradesh
Laurus Labs shares climbed 7.5% to Rs 901 apiece on the BSE on Monday after the Andhra Pradesh government allotted 531.77 acres to the company in IP Rambilli Phase-II, Anakapalli district. The land will be used to set up Laurus Pharma Zone (LPZ), a large-scale pharma manufacturing hub. ADVERTISEMENT Laurus Labs plans to invest Rs 5,630 crore over the next eight years to set up multiple pharma manufacturing units in three phases. The project is also expected to generate employment for 6,350 people, making it a significant development for both the company and the region. This allotment provides Laurus Labs with a key asset to support its long-term expansion plans in pharmaceutical manufacturing. Laurus Labs surged to a new 52-week high of Rs 901 apiece on the BSE on Monday, significantly higher than its 52-week low of Rs 390. This strong price movement reflects growing investor interest following recent positive a technical perspective, the Relative Strength Index (RSI-14) for the day stands at 81.8. The RSI is a momentum indicator that helps assess whether a stock is overbought or oversold. An RSI above 80 indicates the stock is in a strongly overbought zone, suggesting that a short-term pullback or consolidation could be on the the stock is trading above all 8 key Simple Moving Averages (SMAs), from the 5-day to the 200-day SMA. This alignment of moving averages is typically seen as a bullish signal, indicating sustained strength across short-, medium-, and long-term trends. ADVERTISEMENT Also read: Reliance Infrastructure shares zoom nearly 5%; here's why Despite the overbought RSI, the overall technical setup remains positive, supported by strong momentum and broad-based moving average support.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Mint
2 days ago
- Business
- Mint
Stock to buy: Anand Rathi predicts Apollo Micro Systems' share price to rise 25% in 3 months. Here's why
Stock to buy: Indian brokerage firm Anand Rathi Investment Services disclosed its bullish stance on Apollo Micro Systems shares, predicting a 25% upside in the upcoming three-month period. In the stock report, Anand Rathi analysts highlighted that the shares of the Aerospace and Defence equipment maker had undergone a 'significant correction' after peaking near the ₹ 221 levels. They also stated that the stock is now moving 'within its Ichimoku cloud,' aligning with the previous breakout zone. 'The stock is moving within its Ichimoku cloud, aligning with the previous breakout zone, while the 100-day Exponential Moving Average (DEMA) also corresponds closely to this area. Fibonacci retracement levels between 38.2% and 50% further indicate potential support, suggesting a base formation near the 165-175 range,' said the analysts at Anand Rathi. On the technical front, the shares' Relative Strength Index (RSI) is hovering over the 40 support mark, which likely indicates a potential stabilisation. 'Additionally, the daily Relative Strength Index (RSI) is around the crucial 40 support mark, signalling possible stabilisation,' they said. Apollo Micro Systems Ltd (APOLLO): Buy in the range of ₹ 165-175; Target Price at ₹ 210; Stop Loss at ₹ 150 (on a daily closing basis). 'Given this technical setup, investors might consider buying or accumulating shares within the 165-175 zone. The upside target is projected at 210, while a stop-loss below 150 on a daily closing basis is recommended to manage risk. This outlook highlights key support and resistance levels that traders should monitor closely before making investment decisions,' recommended Jigar Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, in the stock report. Apollo Micro Systems shares closed 0.29% higher at ₹ 172.30 after Friday's stock market session, compared to ₹ 171.80 at the previous market close. The brokerage firm released its bullish stance on the company after market operating hours last week, on 25 July 2025. Shares of the Aerospace and Defence equipment maker have given stock market investors more than 1,280% returns on their investment in the last five years and over 39% gains in the last one-year period. On a year-to-date (YTD) basis, the stock has jumped 40.87% in 2025 but are currently trading 4.7% lower in the last five market sessions on the Indian stock market. According to data collected from the BSE website, Apollo Micro Systems shares hit their 52-week high at ₹ 221.40 on 24 June 2025, while the 52-week low was at ₹ 88.10 on 23 October 2024. The shares are currently trading under their year-high levels. The company's market capitalisation (M-Cap) stood at ₹ 5,280.82 crore as of the stock market close on Friday, 27 July 2025. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
3 days ago
- Business
- Time of India
Fed meet, Q1 earnings and Trump tariffs among 10 factors to impact stock markets this week
Indian benchmark indices ended the week lackluster, with Nifty finishing the week 0.5% lower. A host of important domestic and global events lined up during the week are likely to impact stock markets when they resume trading on Monday. On Friday, Nifty declined 225.10 points or 0.9% to end the day at 24,837. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Technology Leadership MBA PGDM CXO Healthcare Others Digital Marketing MCA healthcare Data Science Management Project Management Degree Operations Management Finance Data Analytics Data Science Public Policy Artificial Intelligence Product Management Cybersecurity others Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities, said that the Nifty remained under sustained selling pressure as the index slipped below the crucial support level of 24,900. Moreover, it has closed below the 50-day Exponential Moving Average (50 EMA) for the first time in several sessions, signaling a meaningful weakening of the ongoing trend, he added. 'If the Nifty fails to reclaim levels above 24,900 in the next session or two, bulls could face significant short-term challenges. On the downside, immediate support is seen at 24,700, followed by 24,500. On the upside, resistance is now placed around 25,000," De said. Factors that are likely to impact movement when markets reopen this week: 1. FOMC meeting An all-important Federal Open Market Committee Meeting (FOMC) begins this week on Tuesday, July 29. Fed Chair Jerome Powell will give an insight of the Central Bank's view on the US economy, inflation and impact of tariffs. The outcome will be announced on July 30 and the interest rate is likely to remain unchanged. 2. Tariff deadline ends Global markets will watch out for the developments on tariff as the August 1 pause deadline gets over this week. 3. US markets The action on Wall Street will give cues to the global markets including India. Apart from the Fed rate setting panel's meeting and tariffs, top US companies like meta will announce their second quarter earnings. On Friday, the US stock markets ended in the green. The Dow 30 ended the session at 44,901.90, gaining 208.01 points or 0.47% while S&P 500 settled at 6,388.64, up by 25.29 points or 0.40%. The Nasdaq Composite closed at 21,108.30, increasing by 50.36 points 0.24%. 4. Q1 earnings Adani Green Energy Ltd, Adani Total Gas, Bharat Electronics, CarTrade Tech, Mazagon Dock Shipbuilders, NTPC Green Energy, RailTel Corporation of India, , Hyundai Motor India, InterGlobe Aviation, Dabur India, One Mobikwik Systems, Swiggy, TVS Motor Company, Adani Power and Tata Power Company. Among the Nifty companies will be Bharat Electronics (BEL), Indusind Bank, Larsen & Toubro, Tata Steel, NTPC, Coal India, Eicher Motors, Hindustan Unilever (HUL), Mahindra & Mahindra (M&M), Maruti Suzuki India, Titan Intech and ITC. On Saturday, results of Kotak Mahindra Bank and IDFC Bank were also announced and stock of these companies will also be in focus. 5. Corporate Action Plenty of corporate action is lined-up this week with record dates for dividends, rights issue, stock split and bonus shares for more than 100 companies over the five-day trading week. The companies that will have record dates for the purpose of dividend are DLF, KPIT Technologies, Wipro, Bosch, Eveready Industries India, Inox Wind, Punjab & Sind Bank, Coforge, Prataap Snacks, Bata India, City Union Bank, Eicher Motors, Marico, Maruti Suzuki India, REC and United Spirits. GTV Engineering has a record date for its stock split and 2:1 bonus issue. Indian Infotech & Software will have its record date on July 28 Jul for its rights issue of equity shares. Jonjua Overseas will also have its record date on the same day for its 1:20 bonus issue. 6. IPO watch Five mainboard issues will open for subscription this week viz. Sri Lotus Developers and Realty IPO, National Securities Depository (NSDL) IPO, M&B Engineering (IPO), Aditya Infotech (IPO), and Laxmi India Finance (IPO). Also Read: Sri Lotus Developers IPO's latest GMP shows stock listing at 21% premium. Check details In the SME segment, 8 IPOs will hit the D-Street this week viz. Repono, Kaytex Fabrics, (Pune), Mehul Colours, Takyon Networks, Cash Ur Drive Marketing, Renol Polychem and Flysbs Aviation. Ongoing issues of Shanti Gold International Limited, Brigade Hotel Ventures Limited and Sellowrap Industries Limited will also conclude this week. 7. FII / DII Action Market actions will rely on how foreign institutional investors (FIIs) behave. On Friday, FIIs sold shares worth Rs 1,979.96 crore while the domestic institutional investors (DIIs) were net buyers at Rs 2,138.59 crore. After remaining net buyers for the last three months, FIIs have been net sellers so far in July at Rs 6,503 crore. 8. Technical Factors "The chart structure has clearly deteriorated for the bulls. On the daily chart, Nifty had been trading within a rising channel pattern since May. However, this week's breakdown below the channel's lower boundary confirms a bearish reversal. Importantly, this breakdown is accompanied by a bearish gap, which qualifies as a breakaway gap, adding further conviction to the bearish setup," Bhosale said. Additionally, the index has broken below the 50-day EMA, a level that had previously provided strong support. Collectively, these signals suggest the potential for deeper downside, possibly towards the 200-day SMA, which lies in the 24200–24000 zone. For the coming week, immediate support is placed near the 89-day EMA at 24650, followed by the 24500 level, which has acted as a strong base during the May–June consolidation phase. On the upside, the bearish gap and the 50DEMA zone around 24950–25000 now act as immediate resistance, while the 25250 level, the high of the last two weeks, remains a stiff barrier," this analyst said. 9. Rupee Vs Dollar The Indian rupee fell to a one-month low on Friday, and logged its third straight weekly decline, pressured by outflows from local stocks and caution among investors ahead of a news-heavy week dominated by tariffs and central bank decisions. The rupee closed at 86.5150 against the U.S. dollar on Friday, down 0.4% on the week. The local currency hit a low of 86.6250 earlier in the session, its weakest level since June 23. Dollar sales from local private banks, likely on behalf of exporter clients, helped limit the rupee's losses, a trader at a Mumbai-based bank said. The dollar index was up 0.2% at 97.7 while Asian currencies declined by as much as 0.7%. Rupee's movement against the dollar will likely be keenly watched through the week as the greenback would react to the Fed announcements and tariff triggers. 10. Crude Oil Crude oil prices remain critical for the stock markets as they have the potential to alter the inflation dynamics in a country. Oil prices fell sharply on Friday at a three-week low as traders were worried about negative economic news from the U.S. and China and signs of growing supply. The US WTI oil contracts ended at $65.07, down by $0.96 or 1.45% while Brent oil futures were hovering near $68.44, higher by $0.79 or 1.14%. (Inputs from agencies)
The Citizen
5 days ago
- Entertainment
- The Citizen
340ml to headline another festival after returning to stage in 2025
The genre-defying collective will perform at the Corona Sunsets Festival in September. 340ml has headlined a few festivals in 2025. Before this they had last performed together 12 years ago. Picture: 340mlmusic/Instagram In sports, 2025 has been described as the year of the underdog. For music collective 340ml, the year has represented their return to the stage. Following their surprise mini Southern African tour in March this year, which saw them play in Johannesburg, Cape Town, and Maputo, 340ml was announced as the headliner for this year's Corona Sunsets Festival. Earlier this year, the band, comprising drummer Paulo Jorge Chibanga, guitarist Tiago Correia-Paulo, vocalist Pedro Pinto, and bassist Rui Soeiro, didn't want to confirm to The Citizen whether they would be performing together as a collective for the first time in 12 years. 'Hard to say at this stage. We're going to be totally focused on these first shows. They're the reason why we're doing this. No other agendas. But we might also be holding a few secrets… somewhere down the line,' shared Correia-Paulo in March. ALSO READ: 'No big game plans, just flow. That's how we always did everything back in the day' – 340ml returns to stage 340ml in 2025 At their first official performance in over a decade, they delivered. Many who saw them in their first shows left satisfied by their attempt to rekindle the 340ml vibes. 340ml performed songs from their appreciated albums Moving and the follow-up Sorry For The Delay. They teased their classic breakout hit Midnight in parts of their performance before performing the whole song later in their set, which the jovial crowd sang along to word for word. Excitement gripped the audience, which appeared to be comprised of South African black millennials, when the band played the opening riffs from Shotgun. 340ml headlined at the Eswatini festival, Bushfire, soon after the shows mentioned above. ALSO READ: 'There will never be a Tumi and The Volume reunion': Stogie T after being announced as a guest for 340ml's reunion shows The Corona Sunsets Festival The genre-defying collective will perform at the festival, set for September, alongside Major League DJz, DBN Gogo, and Jeremy Loops, among others, at Casalinga, Muldersdrift. 'Each year, the Corona Sunsets Festival invites us to pause, feel, and reconnect. For this very special edition – marking the celebration of 100 years of Corona under the sun — we are thrilled to bring to Johannesburg a festival that reflects the dynamic creative spirit of the city,' Head of Brand: Corona South Africa, Melanie Nicholson said. The festival will also feature performances by more than 20 artists across two stages, including Zakes Bantwini, DJ Kent, Culoe De Song, and Oscar Mbo. The Ndlovu Youth Choir and producer FKA Mash were also included in the line-up. Jeremy Loops, who just performed at Glastonbury, is also expected to perform. NOW READ: Primo Baloyi on Pirates' new doccie: 'It makes the sport that much better when you know what's behind the scenes'
