Shares of this Navratna CPSE stock under the ‘small-cap’ category jumped up to 7.50 percent on Friday after announcing Q1FY24 results. In the past one month, the company’s stock has gained nearly 20 percent from Rs 41.45 in mid-July to the current price level. With a market capitalization of Rs 8,800 crores, the stocks of [...]
With a market capitalization of Rs 7,200 crores, shares of this small-cap stock gained 11.3 percent post release of Q1FY24 results. The stocks of GMM Pfaudler Limited opened their trading hour on Friday at Rs 1,480 and currently trade at Rs 1,613, a gain of approximately 11.3 percent as compared to the previous close of [...]
In the global market for high-end speciality chemicals, Vikas Ecotech is a rising participant. The business is committed to meeting consumer needs and providing the globe with items that are technologically advanced and eco-friendly. Recycling player Vikas Ecotech Ltd (VEL) on Friday announced bagging a Rs 50-crore order for the supply of multiple materials including [...]
Allcargo Logistics Ltd on Friday reported a 54 per cent fall in consolidated Profit After Tax (PAT) at Rs 119 crore for the June quarter 2023-24. In the year-ago period, the PAT was at Rs 260 crore, the company said in a statement. Revenue during the quarter under review fell a steep 40 per cent [...]
The General Insurance Business (Nationalisation) Act, 1972 (GIBNA) effectively nationalized the entire general insurance industry in India. Through nationalization, the Government of India (GOI) acquired the stock in 55 Indian insurance companies as well as the obligations of 52 insurers engaged in the general insurance business. GIC Re on Thursday reported a 6.1 per cent [...]
Shares of a mining company notched nearly a 19 percent increase in its share price to reach a fresh 52-week high of ₹ 219.65 apiece on the National Stock Exchange (NSE). This happened after the company reported stellar results for the April to June quarter of the financial year 2023-24. According to an exchange filing, [...]
The stock hit 10% upper circuit within the first hour of market open on Friday. The announcement of inclusion in the MSCI India Small Cap Index drove volumes during the hour to more than 6.5x compared to yesterday’s volumes from 5k to 33k. The stock enjoys a bullish sentiment among the community, and from technical [...]
Suryoday Small Finance Bank on Thursday reported a six-fold jump in net profit to Rs 47.6 crore for the first quarter of the current financial year, helped by a decline in bad loans. The lender had reported a net profit of Rs 7.8 crore in the April-June quarter of 2022-23. Its total income increased to [...]
Shares of leading equipment suppliers for Defence and aerospace projects fell 6 percent to Rs 2,161.25 in early trade on Friday, despite the company reporting strong Q1 results. At 12:30 p.m. on the National Stock Exchange, MTAR Technologies Ltd shares were trading at Rs 2,210 per share, down Rs 82.20 or 3.59 percent from the [...]
Shares of a large-cap banking stock escalated 15.4 percent to reach an intraday high of ₹ 31.10 apiece on the bourses after CARE Ratings assigned a credit rating to its Certificates of Deposits. At 11:56 AM, its shares were trading 12.06 percent higher at ₹ 30.20 apiece. Indian Overseas Bank informed the exchanges that CARE [...]
