Gravita India's shares surged 11% to an all-time high of Rs 567.30 on Wednesday after the company reported strong quarterly results. On Thursday, the stock retained momentum and was trading at Rs 561.45 levels. Their net profit in the Q4 of FY23 stood at Rs 63.99 Crore, an increase of more than 40 percent YoY [...]
Two insurance stocks appreciated to the tune of 9% on Thursday’s early trades after a report by CareEdge (CARE Ratings) stated that the Indian non-life insurance market would grow by approximately 13-15 per cent over the medium term. Shares of General Insurance Corporation of India zoomed 9.31% to reach an intraday high of ₹ 169.00 [...]
Shares of Anupam Rasayan India Limited opened its trading session at Rs 1,205 and currently trade at Rs 1,184. The scrip is down 2.3 percent as compared to the previous closing price of Rs 1,212.05. In the last 5 trading sessions, the stock has gained around 6 percent ranging from Rs 1,118 to the current [...]
Shares of Hardwyn India were in focus, ever since the company announced an issue of bonus shares and a stock split. It recently announced the record date for these corporate actions. Hardwyn India manufactures architectural hardware and glass fittings for residential and commercial structures. Its shares were trading at ₹ 373.70 apiece at 12:11 PM [...]
The railways has cancelled the tenders for the redevelopment of the New Delhi and Ahmedabad railway stations after the bids submitted turned out to be "excessively" high compared to the cost estimated by the national transporter. Sources said a high-level meeting will be held on Thursday to review the tender documents for the two stations. [...]
Reliance Power on Wednesday reported a net profit of Rs 321.79 crore for the quarter ended March 2023. The consolidated net loss of the company was Rs 657.89 crore in the quarter ended on March 31, 2022, according to a BSE filing. Total income of the company stood Rs 1,856.32 crore in the latest March quarter as [...]
State-run Central Bank of India on Wednesday said it has an outstanding exposure of Rs 1,305 crore to cash-strapped airline Go First as on March 31. The Wadia group-owned airline's plea for initiation of insolvency proceedings was mentioned before NCLT's Delhi bench-headed by president Justice Ramalingam Sudhakar and the bench agreed to an urgent hearing [...]
The Enforcement Directorate on Wednesday conducted searches at multiple premises linked to prominent Kerala-based non-banking financial company (NBFC) Manappuram Finance Ltd. as part of a money laundering investigation against it, official sources said. The raids are being undertaken to gather pieces of evidence related to allegations that the company collected public deposits worth more than [...]
Passenger vehicle retail sales in India declined by 1 per cent last month as buyers preponed purchases to March in order to avoid enhanced prices on account of stricter emission norms kicking in from April 1, automobile dealers' body FADA said on Thursday. The passenger vehicle retail sales declined to 2,82,674 units last month as [...]
Equity benchmark indices climbed in early trade on Thursday amid continuous foreign fund inflows and buying in index major Reliance Industries. The 30-share BSE Sensex climbed 77.64 points to 61,270.94 in early trade. The broader NSE Nifty advanced 27.7 points to 18,117.55. From the Sensex firms, Larsen & Toubro, Bajaj Finance, Titan, Tata Steel, Bajaj [...]
