Shares of Satin Creditcare Network Ltd opened 20% higher at ₹ 173.30 apiece on Tuesday’s early trades after the company reported robust results for the January to March quarter of the financial year 2022-23 (FY23). At 11:50 AM, its shares were trading 11.66% higher at ₹ 161.30 apiece on the National Stock Exchange (NSE). Satin [...]
Shares of Gallantt Ispat Limited plunged more than 18 percent today and currently trade at Rs 50.60. It is a small-cap company with a market capitalization of Rs 1,811 crores. The prime factor contributing to such a drop in the stock prices is the Income Tax search operation conducted at the plant office and factory [...]
India's exports to the UAE are expected to rise by about 60 per cent to reach USD 50 billion by 2026-27 from USD 31.3 billion at present on the back of the free trade agreement between the countries, a top government official said on Monday. Commerce Secretary Sunil Barthwal said that trade between India and [...]
Adani Green Energy on Monday posted a four-fold rise in its consolidated net profit to Rs 507 crore in the March quarter compared to the year-ago period mainly on the back of higher revenues. The consolidated net profit of the company was Rs 121 crore in the quarter ended on March 31, 2022, a BSE [...]
Equity benchmarks climbed in early trade on Tuesday amid continuous foreign fund inflows and record GST collection in April. Also, a largely firm trend in Asian gauges and buying in index major Reliance Industries and IT counters added to the optimism. The 30-share BSE Sensex climbed 276.61 points to 61,389.05 in early trade. The broader [...]
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 [...]
Companies generally manage their capital requirements with the help of equity or through internally generated cash. However, they may also use debt for the same. While debt provides financial leverage to companies, too much of it can invite trouble. Many companies that are debt-free send a signal to investors that they are able to manage [...]
Dalal Street investors cheered as the markets closed up in green this week. The 30-stock basket Sensex rallied 1,457 points or 2.44% during the 5 trading sessions to close at 61,112 points. Similarly, the benchmark NIFTY50 index went up by 2.50% or 441 points recording gains to close at 18,065 points. The markets shall be [...]
With a market capitalization of ₹ 5,339 crores, Olectra Greentech is a small-cap company That manufactures composite polymer insulators and electrical buses. It recently entered into a technical partnership with Reliance Industries and developed a hydrogen bus. Moreover, the company’s e-tipper received India’s first homologation certificate from automobile regulatory agencies making it roadworthy. When investors [...]
Headquartered in Mumbai, Maharashtra, Mahindra & Mahindra Limited (M&M), the flagship company of the Mahindra Group, is a diversified business company having a presence in major industries such as automotive, agri-business, information technology, financial services, etc. The company has manufacturing facilities within the country and international operations in countries including the US, France, Japan, China, [...]
