The shares of TCNS Clothing Co Ltd gained more than 8 per cent in the early hours of Wednesday and were trading at Rs 605 levels. The stocks rallied after a media report suggested that some of the big players in the retail segment such as Reliance Retail, Aditya Birla Fashion, Trent Ltd, and Nykaa [...]
The shares of India’s third-largest satellite TV provider surged 9% on Wednesday to reach an intraday high of ₹ 16.35. Ace investors are picking the company’s shares, while retail investors are offloading them. This increase comes after a change in the leadership of Dish TV. Dish TV has faced challenges both on the corporate and [...]
The shares of Housing and Urban Development Corporation Limited (HUDCO) opened at Rs 42.35 on Wednesday and spiked by approximately 12 per cent to reach a new 52-week high of Rs 47.35 in the early trading hours. The stock rallied after the company posted its quarterly results. Their revenue from operations in the period stood [...]
Shares of Bikaji Foods International Ltd made its market debut at a premium of nearly 8 per cent against the issue price of Rs 300 on Wednesday. The stock listed at Rs 321.15, reflecting a gain of 7 per cent against the issue price on the BSE. It further rallied 11.66 per cent to Rs [...]
The shares of Knowledge Marine & Engineering Works Ltd were locked in an upper circuit of 5 per cent after they reached a new 52-week high of Rs 874 on Tuesday. On Wednesday, the stock was trading 1.8 per cent higher at Rs 890 levels. Knowledge Marine & Engineering Works Ltd is an established player [...]
The shares of Oil and Natural Gas Corporation (ONGC) Limited hit a four-month high of ₹ 143.35 apiece on the National Stock Exchange (NSE), even though the market was trading sideways. Its shares were trading at ₹ 142.75 apiece at 12:14 PM on Tuesday. ONGC is a Nifty 50 stock. It is the largest crude [...]
The biggest merger in the Indian Information Technology (IT) sector has received approval from the Securities and Exchange Board of India (SEBI). L&T Infotech and Mindtree announced their plans for the merger in May 2022. The merged entity will get the name ‘LTIMindtree’ and will be listed on the Indian stock exchanges on November 24th, [...]
India's top oil and gas producer ONGC reported a 30 per cent fall in September quarter net profit after the government brought a new tax on windfall profits arising from a spurt in international energy prices. Net profit of Rs 12,825.99 crore, or Rs 10.20 a share, in July-September 2022-23 is compared with Rs 18,347.73 [...]
The shares of the largest insurance company, Life Insurance Corporation of India opened at Rs 665 on Tuesday. However, till the afternoon the stock declined by 1 percent to trade at Rs 657 levels. This came after the stock rallied by more than 8 percent on Monday after the insurer reported robust growth in its [...]
The shares of Bharat Heavy Electricals Limited (BHEL), a public sector undertaking (PSU) nose-dived after reporting a marginal increase in its net profit for the quarter that ended September 2022 (Q2FY23). Its share price declined to the tune of 7% in the past two days. They were trading at ₹ 70.65 apiece, at 11:23 AM [...]
