Billionaire Gautam Adani's group on Tuesday said it will prepay USD 130 million of debt as it looks to boost investor confidence post being targeted by a US short-seller. Adani Ports and Special Economic Zone, the ports company of the Adani Group, had last month floated a tender to buy back as much as USD [...]
Benchmark indices ended flat on Tuesday, paring their intra-day gains, as investors resorted to profit-taking after the recent upsurge amid weak trends in global equities. Even after trading with gains for most part of the day, the 30-share BSE Sensex failed to hold on to the momentum and skidded 2.92 points to settle at 61,761.33 [...]
Shares of Kansai Nerolac Paints spiked 10% on Tuesday’s early trades to reach an intraday high of ₹ 444.20 apiece on the National Stock Exchange (NSE). This happened after the company announced its quarterly and annual results, a dividend and a bonus issue. At 01:34 PM, its shares were trading at ₹ 405.00 apiece. Kansai [...]
Shares of Birlasoft Limited gained approximately 7 percent today and closed at a price of Rs 308. Ace Investor Mr. Ashish Dhawan holds 2,764,615 shares equating to a 1.01 percent stake in the company. The holding value of the investment sums up to around Rs 85 crores. The surge in stock prices is observed after [...]
T D Power Systems on Tuesday posted over 43 per cent jump in its consolidated net profit at Rs 35.35 crore in the March 2023 quarter year-on-year, mainly on the back of higher revenues. The company had recorded a consolidated net profit of Rs 24.66 crore in the quarter ended on March 31, 2022, a [...]
Stocks of Sterling Tools Limited are in the red today witnessing a deep fall in prices. The scrip currently trades at Rs 369, nearly 13 percent down as compared to the previous closing levels of Rs 423.30. In the last month, the stock has fallen approximately 15 percent ranging from Rs 432 to the current [...]
Shares of Vedanta Ltd were at Rs 285.90 levels after gaining 3.06 percent on Tuesday's trading session from the previous close price. In the past month, the stock has jumped around 5.89 percent ranging from Rs 203.65 to the current price levels. In the last three years, the stock has rallied around 269.51 percent ranging [...]
Marking the biggest domestic market listing so far this year, shares of Mankind Pharma debuted at a premium of 20.37% at ₹ 1,300.00 apiece on the bourses, against an issue price of ₹ 1080.00. Its shares continued to climb and reached a high of ₹ 1414.00 apiece, up 30.93%. The stellar listing was expected, particularly [...]
Shares of Mahanagar Gas Limited, with a market capitalization of Rs 10,719 crores, hiked nearly 9 percent and currently trade at Rs 1,085. The stock hit its 52-week high mark today at a price of Rs 1,097.70. Such movements in the stock prices of the company are observed after the company announced its Q4 as [...]
Shares of IndusInd Bank were trading higher on Tuesday at ₹ 1144.45 apiece, despite the resignation of its chief risk officer, after brokerages reaffirmed faith in the stock. According to an exchange filing Ramaswamy Meyyappan, the Chief Risk Officer of the Bank tendered his resignation on May 05, 2023. He was associated with the bank [...]
