Triveni Engineering and Industries Ltd, a mid-cap company has announced a ₹ 800 crore buyback. Further, it informed the bourses that it has divested its stake in an associate company, Triveni Turbine Ltd, adding to the recognition of its exceptional income. Triveni Engineering and Industries is an integrated sugar manufacturing company, which is also involved [...]
The shares of Chandra Prabhu International Ltd, surged 11.30% on Monday and closed at ₹ 173.30 apiece on the Bombay Stock Exchange (BSE). The company has given multibagger returns and has set the record date for a stock split. Chandra Prabhu International is engaged in the trading of agricultural food products, coal, fertilizers, petroleum products [...]
Home textiles major Welspun India Ltd on Tuesday reported a 95.86 per cent decline in its consolidated net profit to Rs 8.33 crore for the second quarter ended September 30, mainly due to high input costs. It had posted a consolidated net profit of Rs 201.50 crore in the July-September quarter a year ago, Welspun [...]
FMCG major Godrej Consumer Products Ltd (GCPL) on Tuesday reported a decline of 25.06 per cent in its consolidated net profit at Rs 358.86 crore for the second quarter ended September. It had posted a net profit of Rs 478.89 crore in the July-September quarter a year ago, GCPL said in a regulatory filing. The [...]
Ace investor, Vijay Kedia, has increased his stake in Elecon Engineering Company, a small-cap stock that has given multibagger returns, according to the latest filings. As per the latest corporate shareholdings, the marquee investor publicly holds 16 stocks with a net worth of over ₹ 771.9 Crore. Elecon Engineering Company is engaged in the design [...]
State-owned oil marketing companies IOC, BPCL and HPCL posted a second consecutive quarterly loss totalling Rs 2,748.66 crore in July-September as a one-time LPG payout by the government could not mask the losses from petrol and diesel prices freeze. According to stock exchange filings by the three fuel retailers, the losses were due to erosion [...]
This multibagger stock has given 85316 percent returns and ICICI Securities sees further upside in it. Staying invested in shares for a long period of time has investors make fortunes, especially when the fundamentals are strong. Sometimes the share price of companies increases gradually, as a result, patient investors reap multibagger returns. Havells India’s shares [...]
The initial public offering of Bikaji Foods International was subscribed 26.67 times on Monday, the last day of subscription. The Rs 881.22-crore IPO received bids for 55,04,00,900 shares against 2,06,36,790 shares on offer, as per data available with the NSE. The quota meant for Qualified Institutional Buyers (QIBs) received 80.63 times subscription, while the non-institutional [...]
Textiles maker Sintex Industries on Monday reported widening of consolidated net loss to Rs 277.93 crore for September quarter 2022-23. The company had incurred a net loss of Rs 181.92 crore during July-September period a year ago, Sintex Industries said in a regulatory filing. Revenue from operations was up at Rs 692.16 crore from Rs [...]
The shares of Rungta Irrigation Ltd were locked in the upper circuit of 5 per cent in the early hours on Monday at Rs 43.25 levels. In the past six months, the stock has gained approximately 76 per cent. In November 2021, the shares were trading at Rs 20.85 a piece on BSE. From there [...]
