Indian Railway Catering and Tourism Corporation (IRCTC) remained in focus on Friday after the monopoly reported a growth in its quarterly revenue and net profits numbers. In Q3FY23, the company reported a total revenue of Rs 918.06 Crores, an increase of 70 percent YoY from Rs 540.21 Crores and 14 percent QoQ from Rs 805.8 [...]
The shares of Cummins India Ltd opened 4 percent higher at Rs 1,540 levels on Thursday as against its previous close of Rs 1,474. It further gained and reached a new 52-week high of Rs 1,618 in the early hours. The scrip gained after the company reported positive Q3 numbers. In Q3FY23, the company reported [...]
Cement stocks were trading in the green on Wednesday, a day after Finance Minister Nirmala Sitharaman indicated that the government could consider a reduction in the goods and services tax on cement. Cement stocks like India Cements (up 1.99%), UltraTech Cement (up 1.87%) Ramco Cements(up 1.53%) Heidelberg Cement India (up 1.97%) were in the green [...]
The Indian equity indices opened in green on Wednesday, ahead of the RBI MPC meet outcome. The NSE Nifty 50 rose 66.85 points or 0.38% to start at 17,788.35 while the BSE Sensex climbed 220.75 points or 0.37% to begin at 60,506.79 levels. As markets remain in green, here are 2 Mahindra group stocks that [...]
CG Power and Industrial Solutions Limited gained 4 percent till the afternoon on Tuesday and reached a 52-week high of Rs 319.15. In the past month, the stock has jumped by 10 percent. In Q3FY23, their consolidated revenue stood at Rs 1,775.44 Crore which increased 14 percent YoY from Rs 1,775.44 Crore and 5 percent [...]
Hindenburg Research, an American short-selling firm, said that it held short positions in the Adani group through US-traded bonds and non-Indian-traded derivative instruments. It accused the group of participating in brazen stock manipulation and accounting fraud schemes over decades, after which the share price of all the listed companies tumbled to the tune of 50%. [...]
Volumes spurt at Zydus Lifesciences’ counter after the company reported better-than-estimated earnings for the October to December quarter. Its shares gained 9.63 percent to reach an intraday high of ₹ 476.50 apiece. More than 56 lakh shares changed hands by 01:40 PM The drugmaker reported an increase of 19.85 percent in its revenue from operations [...]
ITC Limited hit a new All-Time High on Monday after its shares zoomed by more than 1 percent and reached Rs 388.20 in the early hours. The scrip gained after the company reported higher sales and earnings in the third quarter of FY23. Their total revenue stood at Rs 19,616.08 Crore, up 4 percent Year [...]
The board of Directors of Medico Remedies Ltd, a manufacturer & exporter of pharmaceutical Drugs, has approved a Stock Split of equity shares of the Company. In the meeting held on February 2nd, 2023 the board declared that it will split the shares in the ratio of 5:1. This means that One equity share of [...]
LPG Importer and Handler Aegis Logistics’s shares zoomed 8.4% on Friday’s early trades to reach an intraday high of ₹ 388.80 apiece on the National Stock Exchange (NSE) after the company reported robust earnings. Its shares were trading at ₹ 338.55 apiece at 11:00 AM. The company reported a 71.88% increase in its consolidated revenue [...]
