With a market capitalization of Rs 413 crores, the shares of NDR Auto Components Limited gained nearly 5 percent closing at Rs 700. The stock witnessed an intra-day high of Rs 744.90 which also became the stock’s 52-week high mark. The intra-day high levels represent a 12 percent increase as compared to the previous closing [...]
Punjab National Bank (PNB) on Friday reported over five-fold jump in its net profit to Rs 1,159 crore for the March 2023 quarter, helped by lower bad loans and a rise in interest income. The state-owned bank had earned a standalone net profit of Rs 202 crore in the year-ago period. During the quarter, the [...]
Gail India plans to borrow up to Rs 7,000 crore in FY24 to fund the Rs 10,000 crore capital expenditure plan for this fiscal, a top company official said on Friday. The state-owned company's chairman and managing director SK Gupta said, "For this fiscal, we plan to spend Rs 10,000 crore". He added that even [...]
Technology firm Siemens' board on Friday approved the sale of low voltage motors and geared motors businesses to a Siemens AG subsidiary -- Siemens Large Drives India -- for Rs 2,200 crore. The Board of Directors of Siemens Limited has approved the sale and transfer of low voltage motors and geared motors businesses, including related [...]
An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Sebi has "drawn a blank" in its probe into alleged violations in money flows from offshore entities into the conglomerate. But the six-member panel said there was an evidence of a build-up in [...]
With a market capitalization of Rs 17,550 crores, Gland Pharma Limited’s stock started its trading session today at Rs 1,160, and, as of 10:00 am, the scrip is locked in the 20 percent lower circuit marked at Rs 1,065.60. Such a sharp movement in the stock prices is observed after the company announced its Q4 [...]
Shares of Refex Industries, a gas distribution company, shot up 20 percent on Friday’s early trades to hit the 20 percent upper circuit. Its shares were locked at ₹ 426.65 apiece on the National Stock Exchange (NSE). This happened after the company reported robust results for the quarter and the year ended on March 31, [...]
Shares of Nazara Technologies Limited opened its trading hour at Rs 592.10 and currently trades at Rs 608, zooming nearly 5 percent as compared to the previous closing price of Rs 580.95. In the last one-month period, the stock has gained around 19 percent ranging from Rs 512.20 to the current price levels. One of [...]
Shares of Ramco Cements Ltd currently trading at the price of ₹833.40 surged 6.63 percent on Friday by hitting a 52-week high of ₹835 or 8.02 percent. 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 reported a [...]
Promoter holding is one of the important parameters that investors check while investing in a company that is not professionally managed or is managed by families. A high or increasing promoter holding indicates that its promoters think that it is worth buying the shares of their company and is a positive signal. Here are a [...]
