With a market capitalization of ₹ 2565 crores, Neuland Laboratories is a small-cap company that manufactures active pharmaceutical ingredients. It is an end-to-end solution provider for the pharmaceutical industry’s chemistry needs. Ace investor Vijay Kedia recently increased his stake in Neuland Laboratories through his company Kedia Securities Pvt Ltd (KSPL). Vijay Kedia is one of [...]
Tata Steel Long Products (TSLP) has posted a standalone loss of Rs 184.11 crore during the fourth quarter of financial year 2022-23, on account of increased expenses. The company had reported a net profit of Rs 59.62 crore during the January-March period of fiscal year 2021-22, TSLP said in a regulatory filing on Tuesday. The [...]
A foreign institutional investor (FII) is an investor or investment fund that is registered in a country other than the one it is investing in. Developing economies have been observed to have the highest volume of FII activities. Since these economies are dynamically growing, they provide opportunities to investors by offering higher growth potential as [...]
Sugar industry body ISMA has revised downwards the country's sugar production estimate to 328 lakh tonnes for the current marketing year ending September, from an earlier projection of 340 lakh tonnes. The downward revision has been made due to a fall in sugar output in Maharashtra to 105 lakh tonnes in the 2022-23 marketing year [...]
Sanofi India has announced a total dividend of ₹ 377 per share. This includes a final dividend of ₹ 194 per share and a special dividend of ₹ 183 per share. It is a small-cap company engaged in the business of manufacture and sale of pharmaceutical products. The record date for determining the eligibility of [...]
Shares of India's largest insurance company closed at a price of Rs 548.30. The scrip was down around 0.20 percent as compared to the previous closing price of Rs 549.40. The stock is trading closer to the 52-week low level of Rs 530.05. As per the data published by Life Insurance Council, the total premium [...]
Homegrown Larsen & Toubro (L&T) on Tuesday said its power transmission and distribution business has won significant orders in the domestic and overseas markets. The infrastructure major did not disclose the financial details of the projects. However, according to its classification, significant orders value in the range of Rs 1,000-2,000 crore. The power transmission & [...]
Equity benchmarks Sensex and Nifty closed higher for the second straight session on Tuesday, helped by buying in power and utility stocks amid positive quarterly numbers announced by heavyweight companies. However, foreign fund outflows and a muted trend in global equities capped the gains, traders said. In a highly volatile trade, the 30-share BSE Sensex [...]
Gaining for the second day in a row, shares of Rail Vikas Nigam Ltd (RVNL) shot up 20% by 03:15 PM on Tuesday to reach a new all-time high of ₹ 105.30 apiece on the bourses. RVNL is engaged in implementing various rail infrastructure projects assigned by the Ministry of Railways. This includes doubling, gauge [...]
India’s second-largest IT company Infosys has signed a deal with the world’s largest oil producer Aramco to use artificial intelligence and automation tools to build its HR technology. Its shares closed at ₹ 1227.00 apiece on Tuesday. Infosys plans to embed digital transformation practices across Aramco’ HR platform to enhance the overall experience of employees [...]
