Navratna company National Mineral Development Corporation’s (NMDC) shares were in a free fall on Thursday. They tanked 20% on the bourses to touch a new 52-week low of ₹ 92.25 on the National Stock Exchange (NSE). This happened because the shares started trading ex-steel business, due to a demerger. NMDC Demerger NMDC’s demerger of its [...]
Tamilnad Mercantile Bank (TMB) on Thursday reported a 37 per cent rise in net profit at Rs 262 crore for the July-September quarter for FY23 on growth in income and fall in bad loans. The bank had earned a net profit of Rs 191 crore for the year-ago period. This is the first quarterly results [...]
PNB Housing Finance on Thursday reported 11.7 per cent rise in net profit at Rs 262.63 crore for September quarter 2022-23 on a modest rise in core income. The non-banking finance company had logged a net profit of Rs 235.21 crore in the year-ago period. Total income increased to Rs 1,683.43 crore from Rs 1,586.41 [...]
The shares of Titan Company, a tata group stock, opened at Rs 2,699 on Thursday and climbed by 2 per cent to reach a high of Rs 2,757 in the early hours. The stock is trading near its 52-week high of Rs 2,768 which it reached in September this year. In the past four months, [...]
IndianOil’s group company, Chennai Petroleum Corporation’s shares tanked after the company reported its quarterly results for the September quarter (Q2FY23). The company’s shares were trading at ₹ 208.00 apiece at 11:47 AM on Thursday. This is an 11.22% fall as compared to its closing price of ₹ 234.30 apiece on Tuesday’s closing bell. On a [...]
Ashish Kacholia, commonly known as the ‘Big Whale’ of the Indian stock market is followed by many investors as he is popular for picking multibagger stocks from various industries. As per the latest corporate shareholdings filed, Ashish Kacholia publicly holds 42 stocks with a net worth of over Rs. 1,884.3 Crores. Out of them, here [...]
Homegrown FMCG major Dabur India on Wednesday reported a 2.85 per cent decline in its consolidated net profit to Rs 490.86 crore for the second quarter ended September 30 due to high inflation impacting consumption. The company had posted a net profit of Rs 505.31 crore in the July-September quarter a year ago, Dabur India [...]
Gland Pharma Ltd on Wednesday reported a 20.14 per cent decline in consolidated net profit at Rs 241.24 crore for the second quarter ended September 30, on lower sales and higher expenses. The company had posted a consolidated net profit of Rs 302.08 crore in the same period last fiscal, Gland Pharma said in a [...]
Century Textiles and Industries, a part of the Aditya Birla Group, on Wednesday reported 59.38 per cent rise in consolidated net profit at Rs 69.97 crore for September quarter 2022-23. In the year-ago period, the profit stood at Rs 43.9 crore, the company said in a regulatory filing. Total income from operations rose to Rs [...]
Media groups Sony and Zee have voluntarily agreed to sell three Hindi channels -- Big Magic, Zee Action and Zee Classic -- to address possible anti-competition concerns arising out of their proposed mega-merger deal. They submitted their proposal to the Competition Commission of India (CCI), which cleared the deal, subject to certain modifications on October [...]
