State-owned insurance behemoth LIC is expected to recover its Rs 21,624 crore investment it had made in IDBI Bank as share prices are likely to rebound to 2019 levels by the time the lender is privatised, an official said. The official said that since the commencement of the IDBI Bank privatisation process in May last [...]
Delivery witnessed its worst day since listing, as its shares tanked 17.05 per cent on Thursday’s trades to ₹ 463.85 apiece on the National Stock Exchange (NSE). Therefore, its shares are trading below their IPO price of ₹ 487 apiece. This happened after the logistics and supply-chain company said that it expects moderate growth in [...]
South Indian Bank (SIB) on Thursday reported a net profit of Rs 223.10 crore for the quarter ended September 2022 as provisions for bad loans came down significantly. The lender had posted a net loss of Rs 187.06 crore in the same quarter a year ago. Total income during July-September 2022-23 was up 10.6 per [...]
FMCG major Colgate-Palmolive India Ltd on Thursday reported a 3.28 per cent rise in net profit at Rs 278.02 crore for the second quarter ended on September 30, 2022, helped by improved sales momentum. The company had posted a net profit of Rs 269.17 crore in the July-September period a year ago, Colgate-Palmolive India Ltd [...]
Brokerages have a bullish view of a small-cap multibagger stock. The company has a new product pipeline. In addition, it has strong traction in the contract development and manufacturing organisation (CDMO) segment. Jubilant Ingrevia Ltd is a part of the diversified global conglomerate, Jubilant Bhartia Group. The company has a global presence in integrated life [...]
Asian Paints on Thursday reported 32.83 per cent rise in consolidated net profit at Rs 803.83 crore for the second quarter ended September 30, 2022 driven by robust sales. The company had posted a net profit of Rs 605.17 crore in the same quarter last fiscal year, Asian Paints said in a regulatory filing. Revenue [...]
The shares of Mahalaxmi Rubtech Ltd were trading marginally lower at Rs 197 levels in the early trading hours of Thursday. Founded 55 years ago, Mahalaxmi Rubtech (MRT) is a small-cap company with a market capitalization of Rs. 210 crores. It is engaged in the business of offset printing of blankets, manufacturing of coated fabrics, [...]
State-owned Canara Bank on Thursday reported an 89 per cent rise in its net profit to Rs 2,525 crore for the second quarter ended September of this fiscal. The bank had posted a net profit of Rs 1,333 crore in the same period of the previous fiscal. The total income also rose to Rs 24,932.19 [...]
The shares of Bharat electronics gained 2 per cent to 11.50 on Thursday and were trading at Rs 108 levels on account of the recent developments in the company. The stock is trading near its 52-week high of Rs 115 which it reached last month. On Wednesday, the company announced that it signed a Memorandum [...]
Small-cap stocks have the potential to generate higher returns as these companies are in a growing stage. Thus the growth potential of these companies is huge. However, these stocks are also considered risky in the market. One of the risk factors associated with any company is the amount of long-term external borrowings or Debt that [...]
