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GOCL Corporation Ltd Locked on the Upper Circuit of 20% also Hits 52WK High

GOCL Corporation Ltd Locked on the Upper Circuit of 20% also Hits 52WK High

October 11, 2021 Analysis / Business
GOCL ( Gulf Oil Corporation ) Gulf Oil Corporation (GOCL) is engaged in manufacturing industrial explosives, mining products, lubricants, specialty oils and chemicals, active pharma ingredients (bulk drugs), and pharma formulations. About Gulf of India The Chemical Hub of Hinduja Group was created with Gulf Oil India Limited merging with IDL Industries Limited from 1st January 2002. The merger has enabled the Company to leverage the large marketing networks of lubricants and industrial explosives businesses and achieve a turnover for the financial year 2008-09 of Rs.1000 crore (US$200 million). Exports accounted for 5% of the turnover. IDL Industries Limited was renamed GULF OIL Corporation Limited with the merger of Gulf Oil India’s business. A property Development Division was started in the Company in 2006. With effect from 1st April 2008, the business of specialty chemicals Division has been transferred to a 100% subsidiary – IDL Speciality Chemicals Limite...
Companies Working On 5G Technologies In India ! Invest in this decade which may become multibaggers

Companies Working On 5G Technologies In India ! Invest in this decade which may become multibaggers

October 08, 2021 5G / Analysis
What is 5 G Technology? 5G is the latest wireless technology that supports speeds up to 1 Gbps and latency up to 1 milli-second. It is used for supporting high-speed broadband Internet and applications that demand high speeds/low latencies such as video streaming, gaming, mixed-reality, and autonomous cars. 5G supports both voice calls and data transfers. Important Advantages High resolution and bi-directional large bandwidth shaping. Technology to gather all networks on one platform. More effective and efficient. Technology to facilitate subscriber supervision tools for quick action. Most likely, will provide huge broadcasting data (in Gigabit), which will support more than 60,000 connections. Easily manageable with the previous generations. Technological sound to support heterogeneous services (including private network). Possible to provide uniform, uninterrupted, and consistent connectivity across the world. Disadvantages of 5G Technology Technology is still...
How To Read ‘Quarterly Results’ Of Companies?

How To Read ‘Quarterly Results’ Of Companies?

October 07, 2021 Analysis / Business
Important things to keep in mind. Importance of Quarterly Results Firstly, let us understand the importance of ‘Quarterly Results’. The shareholders of the company have put their hard-earned money into the company. So, they must know about the affairs of the company. However, they can not have access to the books of accounts of the company. This is because only and only the management of any company can access the books. Hence, to give a snapshot of a company’s financial performance, listed companies are required to publish ‘Quarterly Results’, which are available in the public domain. Also, before we start the details, one must have a basic understanding of ‘Financial Year’ and ‘Quarters’. A financial year normally starts from 1st April and ends on 31st March the following year. This is divided into 4 equal periods, each one is a ‘Quarter’, consisting of 3 months. Q-1 is a period from 1st April to 30th June, Q-2 is a period from 1st July to 30th September, Q-3 is a p...
This is why Bitcoin could be safe from a global stock market crisis

This is why Bitcoin could be safe from a global stock market crisis

September 21, 2021 Analysis / bitcoin
BTC's lack of integration with traditional finance and the inability to be forcibly sold to cover financial losses mean the price may not 'collapse' in the event of a global stock market crash. One of the reasons behind Bitcoin's ( BTC ) volatility , the sharp price swings that happen regularly, is the discrepancy of its use cases. Some observers call it “digital gold,” a perfect and truly rare store of value (SoV). Others see Bitcoin as a technology project or a type of software with a corresponding network. Adoption in El Salvador as legal tender will likely highlight the medium of exchange (MoE) functionality provided by the Lightning Network. The layer-2 scaling solution enables instant and incredibly cheap transfers, even though it requires regular on-chain transactions to enter or exit this parallel network. As these Bitcoin narratives transform over time, BTC's correlation to traditional assets does the same. For example, there have been long periods of stron...