Equity benchmark indices began the trade on a firm note on Monday amid continuous foreign fund inflows and rally in the US equities. Buying in index majors Reliance Industries and HDFC twins also supported the rally in the markets. The 30-share BSE Sensex rallied 391.8 points to 61,446.09 in early trade. The NSE Nifty climbed [...]
Benchmark indices were in the red today with Sensex losing around 695 points and closed at Rs 61,054.29 and Nifty losing about 187 points and closing at Rs 18,069. Listed below are 6 stocks that are recommended by Brokerages for an upside of up to 56 percent: PI Industries Limited PI Industries Limited manufactures, distributes, [...]
A ‘Dividend’ is usually defined as the distribution of a company's earnings to its shareholders and is determined by its Board of Directors. Dividends are often been distributed once in three months and the mode of payment could be in cash or in the form of reinvestment in additional stocks of the company. Moreover, an [...]
Domestic equity benchmarks BSE Sensex and NSE Nifty 50 opened higher on the first trading day of the truncated week. The Sensex opened 189 points or 0.31% higher at 61,301.61 points and the Nifty opened 92.80 points or 0.51% higher at 18,124.80 points. Amid a sell-off on HDFC Twins on Friday, the Indian indices closed [...]
Homegrown FMCG major Marico Ltd on Friday reported an increase of 18.68 per cent in its consolidated net profit to Rs 305 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 257 crore in the January-March quarter a year ago, Marico said in a regulatory filing. Its [...]
State-owned SJVN Ltd has bagged 100 MW solar power project worth Rs 600 crore from Rajasthan Urja Vikas Nigam Ltd. SJVN Green Energy Ltd (SGEL), a wholly-owned subsidiary of SJVN, participated in an open competitive tariff bidding process followed by e-Reverse Auction (e-RA) organised by Rajasthan Urja Vikas Nigam Ltd (RUVNL). Nand Lal Sharma, Chairman [...]
A company is said to be ‘fundamentally strong’ when it runs its operations on lower debt levels and possesses the ability to survive stressful scenarios in the industry and the economy as a whole. Listed below is one of such fundamentally strong companies engaged in the Automobile sector: TVS Motor Company Limited TVS Motor Company [...]
Air cooler and appliances maker Symphony Ltd on Friday reported a decline of 75 per cent in its consolidated net profit at Rs 16 crore for the March quarter. The company had posted a net profit of Rs 64 crore in the January-March quarter a year ago, Symphony said in a BSE filing. Its revenue [...]
Blackstone-sponsored Nexus Select Trust, which will soon launch Rs 3,200 crore retail REIT public issue, has acquired 17 shopping malls in the last seven years and will further expand portfolio through inorganic route as it remain bullish about retail consumption. Nexus Select Trust will hit the capital market on May 9 to raise up to [...]
Private sector lender Federal Bank on Friday reported its highest-ever quarterly net profit of Rs 902.61 crore for the January-March quarter of FY2022-23, registering an annual growth of 67 per cent. The bank's net profit stood at Rs 540.54 crore in the January-March quarter of 2021-22. In a stock exchange filing, the lender also reported [...]
