Tag Archives: tumble

Take guard! MACD charts show these 42 stocks are set to tumble

Stocks that saw bearish crossovers in Monday’s session were Gammon Infra, Karnataka Bank and Aban Offshore among others. NEW DELHI: NSE’s Nifty50 index settled just 34 points shy of the magical 11,000 mark on Monday, as the broader market continued to march on. But momentum indicator Moving Average Convergence Divergence, or MACD, signalled bearish crossovers on 42 counters on NSE. ... Read More »

Easyjet profits tumble after year of ‘challenges’

Easyjet’s profits have tumbled during what the airline described as a year of “significant challenges”. Pre-tax profits in the year to 30 September fell 27.9% to £495m, but it was in line with a warning given last month. Passenger numbers rose 6.6%. Sterling’s weakness, the impact on air travel of terror attacks, and air traffic control strikes hit trade. Easyjet ... Read More »

Britannia Industries shares tumble 8% post March quarter

Shares of Britannia Industries slumped nearly 8 per cent on Monday despite the company reporting a 13.7 per cent increase in its consolidated net profit at Rs 190.2 crore for the March quarter. The stock slipped as much as 7.84 per cent to Rs 2,703.40 on BSE. The company had posted a net profit of Rs 167.3 crore in the ... Read More »

Botched Doha deal undermines OPEC credibility, oil prices tumble

Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel. Tensions between Saudi Arabia and Iran were blamed for the failure, which revived industry fears that major government-controlled producers will increase their battle ... Read More »