Out of the many categories of stocks, Blue-chip stocks are considered a safer choice. It is because they typically have solid balance sheets, steady cash flows, and proven business models. Along with this, the stock prices increase steadily and give significant returns. Here are 2 Bluechip stocks recommended by analysts for an upside of up [...]
Powergrid Infrastructure Investment Trust on Tuesday reported a more than six per cent decline in its consolidated net profit to Rs 216.82 crore in the December 2022 quarter. The consolidated net profit was Rs 232.63 crore in the quarter ended December 31, 2021, a BSE filing showed. The total income also declined to Rs 331.06 [...]
UCO Bank on Tuesday reported more than two-fold jump in profit at Rs 653 crore for the quarter ended December 2022, driven by increase in interest income and decline in bad loans. Its net profit stood at Rs 310 crore in the same quarter of the preceding financial year. Total income increased to Rs 5,451 [...]
Bharat Petroleum Corporation Ltd (BPCL) will set up 1 gigawatt (GW) of renewable energy capacity in Rajasthan as the nation's second-largest state oil refiner pivots its path to achieving a net zero emission target by 2040. In a statement, BPCL said it has signed a memorandum of understanding (MoU) with the government of Rajasthan for [...]
The shares of Integra Essentia Ltd. appreciated to the tune of 10% after the company declared its results for the latest quarter. It is a penny stock and its shares were trading at ₹ 8.70 apiece at 12:55 PM on Tuesday. Integra Essentia has a market capitalization of ₹ 384 crores. It is a Fast [...]
The government should scrap the windfall profit tax on domestically produced crude oil as the levy is adversely impacting the capex-intensive exploration of oil and gas, the industry said in its recommendation for the forthcoming annual budget. India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super [...]
Maruti Suzuki India on Tuesday reported over two-fold increase in its net profit to Rs 2,351.3 crore for the third quarter ended December 31, 2022, aided by robust sales. The auto major had reported a net profit of Rs 1,011.3 crore in the October-December quarter of the previous fiscal, Maruti Suzuki India (MSI) said in [...]
IIFL Securities on Tuesday reported a 25 per cent decline in profit after tax (PAT) to Rs 64.2 crore in three months ended December 2022. In comparison, the company had posted a PAT of Rs 86 crore in the same period of the last fiscal, IIFL Securities said in a statement. Total income also dropped [...]
Gland Pharma Ltd on Monday reported a 15 per cent decline in consolidated net profit at Rs 231.95 crore for the third quarter ended December 2022, impacted by production delays due to supply disruptions. The company had posted a consolidated net profit of Rs 273.03 crore in the same period last fiscal, Gland Pharma said [...]
The shares of Mangalam Seeds have been on a roll. They hit the 5% upper circuit and were quoting at ₹ 220.05 apiece at 11:46 AM on Tuesday and 3,692 shares changed hands on the bourses. The company’s shares have been on a gaining streak since January 12, 2023. The shares of Mangalam Seeds a [...]
