Companies split their stocks to alter their share price and outstanding shares without making changes in their operating performance or market capitalization. There are two multibagger stocks that are going to start trading ex-split this week. Inventors who are interested in corporate actions can take a look at the shares of Variman Global Enterprises Ltd and [...]
The shares of Star Health and Allied Insurance Company Limited have been on the rise in the past month. They climbed from ₹ 497.95 to ₹ 732.90 apiece levels, up 47.18%. Ace Investor Rakesh Jhunjhunwala has significant holdings in the company apart from his holdings in Titan Company Ltd. Currently, the big bull holds 100,753,935 [...]
Automobile retail sales in India dropped 8 per cent on an annual basis in July on account of fall in registrations of passenger vehicles, two-wheelers and tractors. As per data released by the automobile dealers' body FADA on Thursday, the overall automobile retail sales last month stood at 14,36,927 units, as compared with 15,59,106 units [...]
Multiplex chain operator Inox Leisure Ltd on Wednesday reported a consolidated net profit of Rs 57.09 crore for the quarter ended June, led by rising footfalls at cinema halls. The company had posted a net loss of Rs 122.28 crore in the April-June period a year ago, said Inox Leisure in a BSE filing. Its [...]
Paradeep Phosphates has declared an income of Rs 2,435 crore from operations for the first quarter of 2022-2023 fiscal, up by 85 per cent as compared to the corresponding period of the previous year. The earnings before interest, taxes, depreciation, and amortisation was Rs 167 crore, an increase of 56 per cent as compared to [...]
As per the Industry experts, mid-caps are able to produce better returns because they are quicker to act than large caps and more financially stable than small caps. An important metric used to analyze whether a stock is overvalued or undervalued is the Price-to-Earnings (PE) Ratio. It measures a stock's current share price relative to [...]
Private airline IndiGo on Wednesday reported a net loss of Rs 1,064 crore for the quarter ending June due to high fuel prices and a weak rupee. The Q1 loss was 66.5 per cent less than the loss incurred by the airline in the corresponding period a year ago, IndiGo said in a statement. The [...]
The total outstanding debt of state-owned National Highways Authority of India (NHAI) stood at around Rs 3.49 lakh crore as of March 31, 2022, Parliament was informed on Wednesday. In a written reply to the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said the fund required by NHAI for debt servicing in 2022-23, [...]
Edible oil major Adani Wilmar Ltd (AWL) on Wednesday reported a 10 per cent growth in consolidated net profit at Rs 193.59 crore for the quarter ended June on higher sales. Its net profit stood at Rs 175.70 crore in the year-ago period. Total income rose to Rs 14,783.92 crore in the first quarter of [...]
Adani Power Limited on Wednesday posted a manifold jump in consolidated net profit to Rs 4,779.86 crore in the quarter ended June 2022, on account of growth in income. The consolidated net profit of the company in the year-ago period was at Rs 278.22 crore, according to a regulatory filing. The company's total income rose [...]
