The shares of cloud communications provider Tanla Platforms zoomed 11.30% to reach an intraday high of ₹ 872.30. This happened after the company’s board of directors fixed the record date for a share buyback. Tanla Platforms Ltd (formerly Tanla Solutions Ltd) is a global A2P(application to person) messaging platform provider that enables businesses to communicate [...]
The shares of Roshni Nadal Malhotra-led HCL Technologies Ltd. rose 3.89% during the early hours of trading on Thursday. The stock touched its day high of Rs. 989 at 9:20 IST. This positive movement comes on the back of a healthy 6% year-on-year (Y-o-Y) rise in the consolidated net profit of the company. On Wednesday, [...]
The Indian cement industry started witnessing consolidation from the second quarter (June to September 2022) of the current fiscal year. The wave was created by the ports-to-power conglomerate the Adani Group acquiring Ambuja Cements and ACC from the Holcim Group for $6.5 billion. In his next big act, Gautam Adani is eying the purchase of [...]
Data related to the changes in the stake that ace investors hold in companies is released every quarter. Market observers and retail investors closely follow these changes to know how these investors invest their money. While ace investor Dolly Khanna has increased her stake in an auto component stock, market mogul Vijay Kedia chose to [...]
Edible oil major Adani Wilmar on Wednesday said the company's overall revenue in the July-September quarter will annually grow by low single-digit amid a fall in rates of edible oils. Adani Wilmar markets its edible oils and other food items under the Fortune brand. In a regulatory filing, the company shared a preliminary update on [...]
LIC has sold over 2 per cent of its holding in Power Grid Corporation over the past five months for Rs 3,079.43 crore, the insurer said on Wednesday. There is a decrease of 2.003 per cent in holding during the period from May 18, 2022 to October 11, 2022. As per regulatory requirement by Sebi, [...]
In twin blows to Indian economic revival, higher food prices drove retail inflation to a five-month high of 7.4 per cent while factory output fell for the first time in 18 months. The second consecutive month of rise in consumer price index (CPI)-based inflation will add to the pressure on the Reserve Bank of India [...]
The initial public offering (IPO) of Tracxn Technologies was subscribed two times at the close of the offer on Wednesday. The Rs 309-crore IPO received bids for 4.27 crore shares against 2.12 crore shares on offer, according to NSE data. The category for retail individual investors (RIIs) was subscribed 4.87 times and the portion for [...]
Atam Valves Ltd. a microcap company has recorded a strong increase in its share price so far this year. The company is engaged in the manufacturing, production and sale of all types of valves, cocks, boiler mounting, pipe fittings, sanitary fitting, and the fabrication of steel and iron or non-ferrous metal and by-products. The stock [...]
IT services company HCL Technologies on Wednesday posted a 7 per cent year-on-year rise in consolidated net profit to Rs 3,489 crore for the September quarter and raised the full-year revenue guidance. The net profit stood at Rs 3,259 crore in the year-ago period. The revenue for the three months ended September 30, 2022, came [...]
