Cincor Pharma Becomes Oversold (CINC)
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero […]
Revival of Jet Airways hits yet another roadblock
The revival of Jet Airways hits yet another air-pocket with the Jalan-Kalrock consortium telling the National Company Law Appellate Tribunal (NCLAT) about its inability to pay additional money to clear provident fund and gratuity dues of around ₹250 crore to employees. The NCLAT, in its October 21 order, had directed the consortium to clear unpaid […]
India tech center makes shopping experience seamless at Walmart globally
The Walmart Global Tech (WGT), the technology arm of the $572 billion retail giant Walmart, in India has seen a 10 times growth in employee headcount in the last seven years as the retailer leverages technology to drive customer experience for over 230 million global customers. The launch of the Chennai center in 2020 helped […]
Biocon’s net profits slip 66% to ₹47 crore in Q2
Biopharmaceuticals company, Biocon saw its net profits decline by 66 per cent to ₹47 crore in Q2 FY23, compared to ₹138 crore in the same quarter last year. PAT decreased as a result of Biocon’s recent decision to adopt a new tax system and an increase in R&D spending of 65 per cent to ₹242, […]
DLocal Becomes Oversold (DLO)
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero […]
Greaves Cotton records 87% revenue growth at ₹699 cr
Greaves Cotton Limited, one of India’s leading diversified engineering companies, has announced consolidated revenues of ₹699 crore for Q2FY23, recording a growth of 87 per cent over Q2FY22. The company reported an improvement in margins with quarterly EBITDA at ₹43 crore. Its electric mobility business recorded its highest ever quarterly revenues of ₹318 crore, and […]
Helmerich & Payne Inc. Q4 Earnings Summary
(RTTNews) – Below are the earnings highlights for Helmerich & Payne Inc. (HP): Earnings: $45.5 million in Q4 vs. -$79.1 million in the same period last year. EPS: $0.42 in Q4 vs. -$0.74 in the same period last year. Analysts projected $0.45 per share Revenue: $631.3 million in Q4 vs. $343.8 million in the same […]
Notable Wednesday Option Activity: GPRE, COUP, URI
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Green Plains Inc. (Symbol: GPRE), where a total of 5,323 contracts have traded so far, representing approximately 532,300 underlying shares. That amounts to about 45.5% of GPRE’s average daily trading volume over the past month of 1.2 million […]
Notable Wednesday Option Activity: NNOX, UAL, JNJ
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Nano-X Imaging Ltd (Symbol: NNOX), where a total of 1,681 contracts have traded so far, representing approximately 168,100 underlying shares. That amounts to about 42.1% of NNOX’s average daily trading volume over the past month of 399,310 shares. […]
Varroc Engineering consolidated revenue up 21 per cent at ₹1,834 crore
Better margins and stronger growth helped Varroc Engineering report improved operational results in Q2 FY23. The auto components group recorded a 21.2 per cent growth in consolidated revenue in the quarter at ₹1,834.1 crore on a YoY basis. Consolidated EBITDA margins improved by 100 bps at 9.2 per cent. Operational PBT before JV profit/(loss) came […]