The Nifty index exhibited significant strength, securing a notable breakout on the daily chart as it surpassed the key resistance level of 21,800. This bullish move positions the index for potential short-term targets of 22,000 and 22,200. Traders are advised to consider buying opportunities on any dips toward the supportRead More →
Bank of India recorded a robust demand for its qualified institutional placement (QIP) of shares, with a subscription rate of 4.11 times. The QIP, originally set at a base size of ₹2,250 crore, also incorporated a greenshoe option of an additional ₹2,250 crore to accommodate potential oversubscription. The financial institutionRead More →
Public sector lender Bank of India (BOI) has declared impressive Q4 results along with a dividend of 20%. The bank’s net profit grew by 123% YoY, from Rs. 606 Cr in Q4FY22 to Rs. 1,350 Cr for Q4FY23, while its operating profit climbed by 69.67% YoY, from Rs. 2,466 CrRead More →
The Railways Ministry has topped the list of government departments that did not adhere to Central Vigilance Commission’s (CVC) advice against corrupt officials and concluded cases as per its own disciplinary procedures, according to the CVC’s latest annual report. The annual report for 2021, released on Monday, found 55 suchRead More →
