The countdown for the budget has started. The Budget session of the Parliament is likely to begin on January 31, 2023, and is expected to conclude on April 6, 2023, with a recess in between. Finance Minister Nirmala Sitaraman is likely to present the Union Budget in the Parliament on February 01, 2023, and the [...]
The Domestic indices opened in red on Wednesday on weak global cues. The Nifty 50 fell 45.45 points or 0.25% to start at 18,072.85 levels while the BSE Sensex dropped 102.68 points or 0.17% to trade at the 60,876.07 level. Despite weak market conditions, here are 3 stocks that gained more than 6 percent on [...]
Buoyed by strong earnings for the October to December quarter, the shares of Maruti Suzuki India closed 3.31% higher at ₹ 8696.00 apiece on the National Stock Exchange (NSE). The auto major’s net profit for the December quarter more than doubled to ₹ 2391.5 crores, up 129.55% against ₹ 1041.8 crores reported in the same [...]
The shares of Mangalam Seeds have been on a roll. They hit the 5% upper circuit and were quoting at ₹ 220.05 apiece at 11:46 AM on Tuesday and 3,692 shares changed hands on the bourses. The company’s shares have been on a gaining streak since January 12, 2023. The shares of Mangalam Seeds a [...]
Dividends are attractive for investors who are looking to generate income. They see dividends as a sign that a company’s management has positive expectations for its future earnings. Here are two companies that have recently declared dividends: Wendt (India) Limited The Murugappa group company in its board meeting dated January 18, 2023, declared an interim [...]
The shares of Yes Bank Limited fell by more than 8 percent on Monday and were trading at Rs 18.25 levels till the afternoon. The scrip fell after it announced two major setbacks. The first is the sharp decline in its quarterly profits. Yes bank saw a 79 percent dip in its consolidated December quarter [...]
The shares of ICICI Lombard General Insurance and ICICI Prudential Life Insurance shares faced selling pressure after they reported their financial results for the December quarter. ICICI Lombard’s shares closed at ₹ 1151.95 apiece on Friday, while ICICI Prudential’s shares closed at ₹ 471.90 apiece. ICICI Lombard General Insurance The general insurer reported a net [...]
Domestic benchmark indices opened flat on Friday, shrugging weakness across global markets. The BSE Sensex was at 60,873.64 points, up 0.025% at 11:47 AM on Friday and, the NSE Nifty 50 was at 18111.25 points, up 0.019%. Meanwhile, the shares of two companies appreciated to the tune of 7% each to reach a fresh 52-week [...]
Domestic benchmarks BSE Sensex and NSE Nifty50 opened lower on Thursday amid largely negative cues from global markets. Losses in IT shares led the headline indices lower. The Sensex was at 60,832.20 points, down 0.38% and the Nifty was at 18,102.65 points, down 0.35% at 02:38 PM on Thursday. Here are three stocks that hit [...]
On Wednesday, the State Bank Of India (SBI), one of India’s biggest banks raised over ₹ 9,700 crores by issuing its infrastructure bonds in its second tranche. SBI stated that it raised ₹9,718 crores through its second infrastructure bond issuance, at a coupon rate of 7.7 percent per annum for a tenure of 15 years. [...]
