The festive season is nearing and the jewellery sector is shining bright as the sales have picked up after the pandemic. The shares of Kalyan Jewellers are dazzling. They have gained more than 18 per cent in the past two days and have reached an all-time high of ₹ 101.40 apiece on the National Stock [...]
Fitch Ratings on Thursday slashed India's GDP growth projection for FY23 to 7 per cent, saying the economy is expected to slow against the backdrop of global economy, elevated inflation and high interest rate. In June, it had forecast 7.8 per cent growth for India. “We expect the economy to slow given the global economic [...]
The shares of TRF Ltd. were locked in an upper circuit for the third session in a row. The company’s shares opened 10 per cent higher on Thursday and in the past five days, the share price of the company has surged 59.30 per cent from ₹168.30 apiece to the current level. The company’s shares [...]
Multibagger stocks are those that give at least 100% returns in a given time frame. Quite often, the shares of companies take a while to deliver multibagger returns to their shareholders. This could be a year or more. However, some companies deliver multibagger returns in a very short span of time. Baroda Rayon Corp Ltd. [...]
Domestic benchmark indices slipped after opening higher on Thursday. Asian markets were steady but fragile and investors are worried about the interest rate hikes by the US Fed. At 11:32 AM, the NSE Nifty 50 was trading at 17911.65 points, up 28.60 points or 0.16%, while the BSE Sensex was at 60069 points, down 0.46% [...]
Shares of Tamilnad Mercantile Bank on Thursday made a muted market debut and fell by nearly 3 per cent at the NSE against its issue price of Rs 510. At the NSE, the stock made its debut at Rs 495, lower by 2.94 per cent from the issue price. The company's shares listed at par [...]
Future Enterprises on Wednesday said its consolidated net loss widened to Rs 2,295.90 crore in the fourth quarter ended March 2022 due to factors including failure of the deal with Reliance, attrition of employees and litigations. The company had posted a consolidated net loss of Rs 281.76 crore in the January-March quarter a year ago, [...]
Development and testing of electric vehicles need to follow strict protocols and companies must not rush to the market in order to avoid incidents of vehicles catching fire, according to automotive industry leaders. With EVs (Electric Vehicles) still evolving, the manufacturers are in the process of learning and even the testing agencies are yet to [...]
The initial public offer of Harsha Engineers IPO got fully subscribed on the first day of subscription on Wednesday. The public offer received bids for 3,24,61,830 shares as against 1,68,63,795 shares on offer, translating into 1.92 times subscription, according to data available with the NSE till 1734 hrs. Retail individual investors' category received 2.28 times [...]
Edtech major Think & Learn, which operates under Byju's brand name, on Wednesday said its gross revenue jumped over four-fold to Rs 10,000 crore in FY22, while its losses in FY21 widened to Rs 4,588 crore. The company had registered a revenue of Rs 2,428 crore in FY21. Byju's losses widened to Rs 4,588 crore [...]
