A company is said to be ‘fundamentally strong’ when it conducts operations with lower debt levels and has sufficient retained profits to keep the business flowing. Moreover, such companies have the ability to survive during the financial stress faced by their peers in the industry. Listed below is one of such fundamentally strong companies with [...]
Jammu and Kashmir Bank has announced its highest-ever net annual profit of Rs 1,197 crore in the results for the financial year 2022-23. With a decade-high capital adequacy ratio of 15.39 per cent and NPAs at an eight-year low of 6.04 per cent, the bank also recorded its highest-ever quarterly profit of Rs 476 crore [...]
The domestic equity benchmark indices fell in early trade on Friday in-line with the weak trend in the US markets and the decline in index major HDFC twins. The 30-share BSE Sensex tanked 586.15 points to 61,163.10 in initial trade. The NSE Nifty declined 150.9 points to 18,104.90. Among the Sensex firms, HDFC Bank, HDFC, [...]
Apple is expected to announce $90 billion in stock buybacks and dividends! The US companies follow the October-September period as their fiscal year. This means that their 1st quarter is October– December, the 2nd quarter falls between January – March, and so on. Apple's revenue for the Q2 of 2023 is anticipated to be $92.6 billion, [...]
Billionaire Mukesh Ambani-led Reliance Industries has received a green light from its shareholders and creditors for the demerger of its financial services arm- Reliance Strategic Ventures. Nearly 100% of the votes cast were in favour of the resolution and the arm will be renamed as Jio Financial Services after the demerger. Reliance Industries had approved [...]
Every investor, be it a long-term or a short-term investor, does a deep analysis of stocks in their circle of competence and keep hopes that it could generate a decent amount of returns. However, there are some companies that are noted to deliver more-than-expected returns, and that too within a short span of the investment [...]
Air conditioning and commercial refrigeration firm Blue Star Ltd on Thursday reported nearly three-fold rise in consolidated net profit at Rs 225.29 crore in the fourth quarter ended March 31, 2023, aided by profit on sale of freehold land. The company had posted a consolidated net profit of Rs 76.27 crore in the same quarter [...]
Shares of Reliance Power Limited closed at Rs 12.25 which is about 3 percent higher than the previous closing levels of Rs 11.90. In the past month period, the stock has jumped around 13.5 percent ranging from Rs 10.80 to the current price levels. One of the probable reasons for the stock prices to surge [...]
Housing finance major HDFC on Thursday reported a 20 per cent growth in standalone net profit to Rs 4,425 crore for the quarter ending March 2023 on the back of higher interest income. The bank's profit in the January-March quarter of 2021-22 was Rs 3,700 crore. In a filing to stock exchanges, HDFC said there [...]
Shares of MRF Ltd, India’s most expensive stock gained ₹ 2,160.20 per share or 2.31% on Thursday to reach an intraday high of ₹ 95,760.00 apiece on the National Stock Exchange (NSE). Its share price was merely 0.25% shy of reaching its 52-week high of ₹ 96,000 per share that it reached on 07 November [...]
