The Nifty reached a new record high of 19,567 intraday on Thursday, but couldn't hold on due to selling pressure, resulting in a significant decline by the end of the day, said Rupak De, senior technical analyst at LKP Securities.
Vikram Kasat, head advisory, Prabhudas Lilladher, said Nifty Index made a higher high in Thursday’s session, whereas the BankNifty Index is still significantly below the previous high, leading to inter-market divergence in the short term.
PSU banks s...
Bank stocks selloff drags down Nifty from all-time high
Vedanta Ltd. has the best dividend yield in the last 12 months among large cap stocks at 26 per cent.
As per a report by Axis Securities, it is followed by Hindustan Zinc at 24 per cent, Coal India at 10 per cent, ONGC at 8 per cent and Power Grid, Tata Steel, GAIL, Tech Mahindra and Piramal Enterprises at 5 per cent.
Among the mid cap companies, REC has the best dividend yield at 10 per cent, followed by Sanofi at 9 per cent, Oil India at 8 per cent.
Among the small cap companies, T...
Vedanta has best dividend yield among large cap stocks
Information technology player Tech Mahindra Ltd closed FY23 with its net profit lower by about 13 per cent over FY22.
According to the company, for FY23, it had earned a revenue of Rs 53,290 crore (FY22 Rs 44,646 crore) and a net profit of Rs 4,857 crore (Rs 5,630 crore).
The Board, at its meeting on Thursday, has recommended a final dividend of Rs 32 per share, taking the total dividend for FY23 to Rs 50 per share.
"As we step into FY'24, we see the increasing need for busi...
Tech Mahindra posts lower net for FY23
