The shares of LIC Housing Finance Limited saw a free fall on Wednesday after the stock declined by as much as 10 per cent in the early hours. Till 12.15 the stock was trading at Rs 365 levels. The stock declined despite the company reporting an increase in net profit in the latest quarter. The [...]
The shares of Karnataka Bank Limited were locked in an upper circuit of 20 per cent in the early hours of Wednesday. The shares soared after the company reported robust Q2 results. In Q2FY23, the Net Interest Income (NII) of the bank increased for the quarter by 26 per cent to Rs 802.73 crore from [...]
US-based private equity major Bain Capital on Tuesday divested 0.54 per cent stake in private sector lender Axis Bank for Rs 1,487 crore through an open market transaction. According to bulk deal data available with BSE, the private equity firm sold 1,66,80,000 shares, amounting to 0.54 per cent stake in the company. The shares were [...]
UPL on Tuesday said its consolidated net profit rose 25.19 per cent to Rs 969 crore in the second quarter of FY23 on strong sales, and also announced that founder Rajju Shroff has stepped down as CMD. The agro-chemical company had posted a consolidated net profit of Rs 774 crore during the second quarter previous [...]
Tata Group firm Tejas Networks will invest over Rs 750 crore under design-led Production Linked Incentive (PLI) scheme for manufacturing of telecom and networking products, the company said on Tuesday. Tejas Networks is one of the 42 companies selected for the scheme. "In its application, the company has committed to make a minimum cumulative capital [...]
Infosys will seek shareholders' nod for its proposed Rs 9,300 crore share buyback between November 3 to December 2 through postal ballot, the company said in a regulatory filing. The Infosys board on October 13 had announced a share buyback of Rs 9,300 crore via the open market route, for a price not exceeding Rs [...]
The Indian benchmark indices opened on a positive note on Tuesday. The BSE Sensex was up 363.80 points or 0.60% at 61,110.39, and NSE Nifty 50 jumped 99.50 points or 0.55% to open at 18,111.70. As the markets are on the track to regaining their highs, here are 7 stocks recommended by analysts for an [...]
Sun Pharmaceutical Industries Ltd on Tuesday reported a 10.51 per cent increase in consolidated net profit at Rs 2,262.22 crore for the second quarter ended September 30, 2022. The company had posted a consolidated net profit of Rs 2,047.01 crore in the same period last fiscal, Sun Pharma said in a regulatory filing. Consolidated total [...]
Small-cap stocks tend to provide superior returns as compared to mid-cap or large-cap stocks, however, they tend to be very risky. When chosen incorrectly, they have the tendency to wipe away the capital invested. However, a few small-cap companies are fundamentally strong and end up giving multibagger returns in the long run. Investors should always [...]
Shareholding by Life Insurance Corporation (LIC) in Tata Motors Ltd has crossed 5 per cent as the insurer stepped up shareholding over the past ten months, investing Rs 11.39 crore in the auto company. LIC said its shareholding in Tata Motors Ltd has increased from 16,59,48,741 to 16,61,98,741 equity shares increasing its shareholding from 4.997 [...]
