Shree Cement Ltd on Friday reported a 67.5 per cent decline in consolidated net profit to Rs 183.24 crore in the second quarter ended September 2022, impacted by higher power and fuel cost. The company, which had posted a consolidated net profit of Rs 563.94 crore in the same quarter last fiscal, also said its [...]
The shares of IT-major Infosys Ltd. shot up more than 5% today on the bourses to touch their day’s high of Rs. 1,494. The stock came down slightly and eventually closed at Rs. 1,477 per share, up 4.02% for the day. The surge in stock price comes after India’s second-largest IT services company clocked a [...]
Megastar Foods Ltd, a multibagger stock, hit the 5% upper circuit for the fourth day in a row and gained 28.88% in the past five days. Its shares are currently locked at ₹ 247.65 apiece, a fresh 52-week high. 34068 shares changed hands during Friday’s early trades on the Bombay Stock Exchange. Megastar Foods is [...]
The shares of IT major Wipro Ltd. tanked more than 7% in the early hours of trading on Thursday. The stock of Wipro hit its new 52-week low of Rs. 380 per share. It has declined 47% in value since the start of this year. As of 11:30 IST on Friday, the shares were trading [...]
Private sector lender Federal Bank on Friday reported a 52.89 per cent jump in its standalone net profit for the quarter ended September 2022 at Rs 703.71 crore, aided by fall in provisions for bad loans. The south-based lender had posted a net profit of Rs 460.26 crore in the year-ago period. Total income of [...]
Som Distilleries and Breweries has informed the bourses that they have entered into a contract manufacturing arrangement with Radico Khaitan Limited for the manufacturing of their IMFL (Indian Made Foreign Liquor) and Ready to Drink brands at their plant at Hassan, Karnataka. They added that it will lead to better utilization of their IMFL facility. [...]
IT company Mindtree on Thursday reported a 27.5 per cent year-on-year rise in its consolidated net profit to Rs 508.7 crore for the September quarter. Seen sequentially, the net profit was about 8 per cent higher than June quarter. The Q2 revenue came in at about Rs 3,400.4 crore, growing 8.9 per cent over the [...]
The Indian stock market has produced a good number of multibagger stocks in the post-covid rebound. Indo Amines is one of them. The chemical stock has surged 17.13% today to reach an intraday high of ₹ 144.6 on the Bombay Stock Exchange (BSE). The company’s shares have given stellar returns of 956.32% after the stock [...]
India's second-largest IT services company Infosys on Thursday announced a share buyback of Rs 9,300 crore via open market route, for a price not exceeding Rs 1,850 per equity share. The board has also declared an interim dividend of Rs 16.50 per share, an increase of 10 per cent over FY22 interim dividend. The total [...]
The markets opened in the red on Thursday with the benchmark NIFTY 50 index down 0.82% for the day to 17,005 points. As for the 30-stock BSE Sensex, it opened in negative too at 57,232 points, down 394 points or 0.68%. In the past month, the market has declined by 6%. As markets fluctuate, here [...]
