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Insurance stocks nose-dived after the budget session on Wednesday on the back of demand concerns. The shares of HDFC Life Insurance closed 10.79% lower on the bourses. Similarly, the shares of SBI Life Insurance Co. dropped by 8.61% to close at Rs 1,114.50. The stock of the nation’s largest life insurer Life Insurance Corp. of [...]
Amid the broad news around Union Budget 2023, the shares of Adani Group firms extended their blood bath falling up to 30% on Wednesday. This is despite the fact that Adani Enterprises cleared the hard test of FPO by receiving a 100% subscription. As of 15:00 IST, the flagship Adani Enterprises was down a whopping [...]
The shares of Shree Ganesh Remedies Ltd ended the volatile session on Tuesday and ended marginally higher at Rs 254.50 levels. The shares remained in focus after the company announced its Q3 results and corporate action. The company reported a 6 percent jump in its total revenue which stood at Rs 23.39 Crore in Q3FY23, [...]
NIFTY Bank index closed 0.35% down or around 142 points to 40,513 points on Wednesday. The finance minister Nirmala Sitharaman presented the Union Budget 2023 in the parliament today. This comes as a surprise because the banking majors had surged during the early hours of trading. In early morning trades, the benchmark bank index jumped [...]
The shares of Apar Industries Limited opened at Rs 1,770 levels and zoomed by 13 percent to reach a new 52-week high of Rs 1,999.90 in the early hours of the Budget day. In the past three sessions, the stock has gained more than 35 percent. In Q3FY23, the company reported consolidated total revenue from [...]
Hotel stocks rallied on Wednesday after the honourable Finance Minister Nirmala Sitharaman announced various initiatives to boost the tourism industry in India. As of 15:00 hours IST, the Tata-owned Indian Hotels Company was up 7.81% to Rs 324.50. Similarly, EIH Ltd. and Lemon Tree Hotels were trading higher with 7.45% and 5.75% intra-day gains respectively. [...]
The green energy sector remained a priority in the Budget 2023 as the country intends to attain net-zero carbon emissions by 2070 and a reduction in the carbon intensity of the economy of the country of less than 45% by 2030. The government is focused on a ‘green growth’ strategy that prioritizes the adoption of [...]
Finance Minister Nirmala Sitharaman has laid down the much-awaited Budget 2023. During her speech, the minister announced a few major reforms for the development of key sectors in India. Out of them, the Agriculture sector remained in focus. The agriculture sector in India still remains a primary source of livelihood for about 58% of the [...]
The finance minister Nirmala Sitharaman started the Budget 2023 session in the parliament today by saying, “This is the first Budget of Amrit Kaal”. Here are the top ten points from her budget speech: Agriculture Growth: To boost agricultural growth in the nation, the agricultural credit target limit has been increased to Rs 20 lakh [...]
