The Reserve Bank on Thursday said it will come out with a framework allowing borrowers to switch to fixed interest rate from floating interest rate, a move that would provide relief to borrowers of home, auto and other loans reeling under the impact of high interest rate. Unveiling the bi-monthly monetary policy, Reserve Bank Governor [...]
On Thursday, the shares of a micro-cap defence stock hits 5% upper circuit to an all-time high of Rs 372.20 per share after receiving an order from the President of India for the Annual Maintenance of Indian Navy Submarines. At 12:55 p.m., on the Bombay stock exchange, CFF Fluid Control Ltd shares were trading at [...]
Shares of an ice-cream maker surged 14.4% on Thursday’s intraday trades to reach an intraday high of ₹ 3080.00 apiece on the National Stock Exchange (NSE). This happened after the company announced its results for the latest quarter. At 12:05 PM, its shares were trading at ₹ 2,895.00, up 7.53%. According to an exchange filing, [...]
Fundamentally strong penny stocks are those that trade at a lower price and have a low market capitalization. Penny stocks are considered very highly risky investments due to their speculative character and lack of liquidity. While these companies have the potential for large profits, they also contain major risks, which investors should be aware of [...]
The RBI on Thursday retained the GDP growth projection for the current fiscal year at 6.5 per cent and raised the inflation projection marginally to 5.4 per cent due to a spike in vegetable prices, including tomatoes. Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said domestic economic activity is maintaining resilience. He [...]
India is the world's second-largest producer and third-largest exporter of tobacco. The tobacco business employs 46 million people. And the industry is attracting attention from investors to capitalize on the projected growth of tobacco stocks. A debt-free firm is one that has no debt or external borrowing. A debt-free company is one that is completely [...]
Tata Power on Wednesday posted an over 29 per cent rise in consolidated net profit at Rs 1,140.97 crore in the June quarter on the back of higher revenues. The company had reported a net profit of Rs 883.54 crore in the year-ago quarter, according to a BSE filing. Total income rose to Rs 15,484.71 [...]
A cutting-edge producer of fully finished and semi-finished forged engines and forged components is Balu Forge Industries. The company has benefited from incremental innovation and ongoing improvement by becoming the only one with the capacity to produce components that are compliant with the New Emissions Regulations and the New Energy Vehicles. Balu Forge Industries on [...]
The stocks of this small-cap company today made waves in the financial markets with a significant surge in its share price. The company's stock experienced a high increase following the release of its latest results. This impressive performance has captured the attention of investors and the market. IRCON International Ltd The company has a market [...]
JB Chemicals & Pharmaceuticals Ltd on Wednesday reported a 35 per cent increase in profit after tax at Rs 142 crore in the first quarter ended June 30, 2023. The company had posted a Profit After Tax (PAT) of Rs 105 crore in the same quarter last fiscal, JB Chemicals & Pharmaceuticals (JB Pharma) said [...]
