Fast moving consumer goods major Godrej Consumer Products Ltd will invest Rs 515 crore in Tamil Nadu to set up a manufacturing facility and signed a memorandum of understanding with the state government on Thursday. "We aspire to develop this factory as a lighthouse unit and strive to be among the first few factories in [...]
Shares of a Non-Banking Financial Company (NBFC) witnessed a substantial surge of 9% following a good performance in the first quarter of the fiscal year. This surge was further amplified by news of a significant stake hike by Axis Bank, a prominent player in the banking sector. The company shares trading above the 50-day and [...]
Benchmark equity indices declined on Thursday post the RBI monetary policy, dragged down by banking counters, after the unexpected announcement of reducing cash in the financial system. Investors also remained on the sidelines ahead of the US inflation data announcement. The Reserve Bank of India (RBI) on Thursday left its key interest rates unchanged for [...]
Ride-hailing company Ani Technologies Pvt Ltd, popularly known as Ola Cabs, saw its loss widening to Rs 3,082 crore in 2021-22, according to financial data accessed by business intelligence platform Tofler. The company's losses have more than doubled on a year-over-year basis, the data showed. "Ani Technologies Pvt Ltd, an online transportation network company (popularly [...]
India’s second-largest paint manufacturer recently announced a stock split and its result for the April to June quarter (Q1FY24) of the financial year 2023-24. Its shares settled at ₹ 693.00 apiece on Thursday’s closing bell. According to an exchange filing, Berger Industries’ consolidated profit after tax came in at ₹ 354.91 in Q1FY24, up 39.89 [...]
Shares of this Multibagger stock in two Ace Investor’s portfolio hit the 5 percent upper circuit after the company released financial results for the quarter ended June 2023. The stocks of Repro India Limited, with a market capitalization of Rs 1,036 crores, traded in the green on Thursday and closed at Rs 782 apiece. The [...]
NIIT Learning Systems on Thursday reported a consolidated net profit of Rs 55.17 crore for the first quarter ended June 30, 2023. NLSL had posted profit after tax (PAT) of Rs 55.2 crore in the same period a year ago, the company said in a regulatory filing. The revenue from operations grew 22 per cent [...]
Mr. Ashish Kacholia, a well-known ace investor based in India and fondly called the “Big Whale” by the media houses, holds a total of 41 stocks in his portfolio and has a net worth of more than Rs 2,300 crores. Listed below are the top five stocks, in terms of holding value, that are included [...]
The S&P BSE Smallcap stock hit 52W high, rising 9.7% earlier on Thursday, and its momentum is sustained, indicated by its volumes that are still rising which stand at 4.2 million today, way up from yesterday's 2.5 million and the weekly and monthly averages of 3.2 million and 1.6 million respectively. The stock is trading [...]
CarTrade Tech Limited, one of India's largest online auto platforms, announced its unaudited financial results for the quarter ended June 30th, 2023, today. The Company reported a revenue of Rs. 106.91 crores for the quarter, an Adjusted EBITDA (adjusted for ESOP) for the quarter of Rs. 30.95 crores and PAT for the quarter of Rs.13.51 [...]
