The shares of Narayana Hrudayalaya Ltd. shot up by 11% for a price of ₹856.00, reaching a 52-week high on Monday's session. One of the probable reasons for the stock to hit a high price is the company's recent announcement of strong Q4 FY 22-23 earnings. The company posted a 29.9 percent growth in revenue [...]
A consortium led by Tata Consultancy Services (TCS), the flagship company of the Tata Group, received an advance purchase order (APO) worth over ₹ 15,000 crores from Bharat Sanchar Nigam Ltd. (BSNL), a public sector undertaking for the deployment of a 4G network across India. The TCS-led consortium includes Tata Group’s telecom gear-making company Tejas [...]
Shares of Adani Group companies were in the green after a report by a six-member committee appointed by the Supreme Court stated on Friday, May 19, 2023, that it cannot conclude any regulatory failure around the Adani Group- Hindenburg case. According to the report, there was no regulatory failure in the Adani Hindenburg case in [...]
Shares of ELGI Equipments Ltd escalated 13.09% to reach an intraday high of ₹ 534.00 apiece on the National Stock Exchange (NSE), after the company reported its result for the quarter and year ended March 31, 2023. At 11:55 AM, its shares were trading 12.92% higher at ₹ 533.20 apiece. Elgi Equipments along with its [...]
Domestic quarterly earnings, global trends and foreign fund trading activity would dictate the movement in equity markets, which may face volatility amid the scheduled monthly derivatives expiry this week, analysts said. Equity markets took a breather last week. The BSE Sensex declined 298.22 points or 0.48 per cent and the Nifty dipped 111.4 points or [...]
Foreign investors have put in Rs 30,945 crore in the Indian equities in May so far, driven by strong macroeconomic fundamentals, prospect of reducing interest rates, positive earnings outlook and falling valuations of stocks. With this, net inflows by Foreign Portfolio Investors (FPIs) reached Rs 16,365 crore in 2023 so far, data available with the [...]
The total outstanding dues of electricity distribution utilities (discoms) has reduced by a third to around Rs 93,000 crore in May, in less than year of implementing the Late Payment Surcharge (LPS) Rules in June 2022. The burgeoning dues of discoms toward power generation (gencos) mainly and transmission (trancos) firms have been affecting the entire [...]
Royal Enfield is developing 'uniquely differentiated electric motorcycles' and has already started investing towards product development and creating a supplier ecosystem around its Chennai-based plant, according to CEO B Govindarajan. The company, which is part of Eicher Motors, has announced a capex of Rs 1,000 crore for the current fiscal with a focus on various [...]
Six entities including four foreign portfolio investors (FPIs) are under lens for suspicious trading in Adani group shares prior to the release of the damning Hindenburg report, the Supreme Court-appointed expert committee has said. There was a build up of short positions in the Adani scips prior to the January 24 release of the Hindenburg [...]
Public sector banks' cumulative profit crossed the Rs 1 lakh crore-mark in the financial year ended March 2023, with market leader State Bank of India (SBI) accounting for nearly half of the total earnings. From posting a total net loss of Rs 85,390 crore in 2017-18, the Public Sector Banks (PSBs) have come a long [...]
