A ‘Mutual Fund’ is a trust that collects money from a pool of investors sharing a common investment objective and invests the same money in various instruments such as equities, bonds, and/or other securities. Mutual Funds infuse money into/take money out of companies after their due diligence activities and consider other important factors in relation [...]
Diversified entity ITC Ltd on Thursday reported a 22.66 per cent rise in consolidated net profit at Rs 5,225.02 crore in the fourth quarter ended March 2023. The company had posted a consolidated net profit of Rs 4,259.68 crore in the year-ago period, ITC Ltd said in a regulatory filing. Its consolidated revenue from operations [...]
With a market capitalization of Rs 1,446 crores, The Anup Engineering Ltd (TAEL) is engaged in the process of manufacturing as well as fabrication of process equipment that is required for petrochemicals, fertilizers, pharmaceuticals, and other allied industries. The company’s product portfolio includes industrial centrifuges, dished ends, static process equipment, etc. The company has a [...]
Shares of Vaibhav Global plunged 7% on Thursday’s intraday trades to reach a low of ₹ 297.50 apiece after the company’s results failed to cheer investors. At 02:08 PM, its shares were trading at 298.75 apiece, down 6.57%. Renowned investors Vijay Kedia and Ashish Kacholia hold a stake in the company. Vijay Kedia owns a [...]
The Hospitality industry has seen a comeback in the number of footfalls, especially after a long-lasting lockdown period. The companies are striving hard paving ways to improve their operations and bounce back. Listed below are 2 such companies in the Hospitality industry which released their results for FY2022-23: Restaurant Brands Asia Limited Restaurant Brands Asia [...]
The country's largest bank SBI on Thursday reported an 83 per cent jump in net profit at Rs 16,694.51 crore for the fourth quarter of 2022-23 fiscal on higher interest income and low provisioning. In the January-March quarter of 2021-22 financial year, State Bank of India's net profit on standalone basis was Rs 9,113.53 crore. [...]
Media firm New Delhi Television Ltd (NDTV), now owned by Adani group, on Thursday said it plans to launch nine news channels in different Indian languages in phases. The board of the company, at its meeting held on Thursday, has "approved a proposal to seek the permission of the Ministry of Information & Broadcasting for [...]
Shares of Honeywell Automation surged 10.16% or ₹ 3805.05 apiece on Thursday’s early trades to reach an intraday high of ₹ 41258.80 apiece on the National Stock Exchange (NSE) after the company reported robust results for the quarter and year ended March 31, 2023. At 12:38 PM, its shares were trading 9.07% higher at ₹ [...]
The shares of Max Healthcare Institute Ltd shot up by 1.42% and currently trade at ₹528.80 by reaching a 52-week high of ₹531.45 on Thursday. 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 stock is gaining traction because [...]
A company is said to be ‘Fundamentally Strong’ when it bags the luxury of having decent financials and margins. Moreover, such companies, in comparison to others in the industry, have lower debt levels thereby improving their short-term liquidity management. Listed below is one such Fundamentally Strong stock that investors should keep under their radar: Jindal [...]
