Benchmark indices ended higher for the second consecutive day. The Sensex was up 1,041.47 points or 1.87% and closed at 56,857.79, and the Nifty was up 287.80 points or 1.73% and ended at 16,929.60. With the rising markets Here are some of the stocks that are recommended by the analysts for an upside of up [...]
Electric mobility company Olectra Greentech on Thursday posted a multi-fold jump year-on-year in its net profit to Rs 18.8 crore for the June quarter, mainly on the back of higher revenues. Olectra had reported a net profit of Rs 2 crore in the quarter ended June 30, 2021, the company said in a statement. Its [...]
Mahindra & Mahindra Financial Services on Thursday reported a consolidated net profit of Rs 240 crore for June quarter aided by fall in expenses and higher income from business operations. The company had posted a net loss of Rs 1,573.40 crore in April-June 2021-22. The loss in the year-ago period was due to the impact [...]
Benchmark indices rallied on Thursday with the Sensex and Nifty climbing nearly 2 per cent, helped by heavy buying in Bajaj Finance shares amid a mixed trend in the global equity markets. The 30-share BSE benchmark jumped 1,041.47 points or 1.87 per cent to settle at 56,857.79. During the day, it rallied 1,097.9 points or [...]
The shares of Tata Motors plunged 3.75% to hit an intraday low of ₹ 427.40 on the NSE. Its consolidated losses for the first quarter ended June 2022 deepened. This happened due to semiconductor woes, coupled with a lockdown in China and volatile foreign exchange, dented earnings at Jaguar Land Rover (JLR) Automotive — its [...]
Jubilant FoodWorks, operator of fast-food chains Domino's Pizza and Dunkin' Donuts, on Thursday reported a 63.01 per cent increase in its consolidated net profit at Rs 112.58 crore in the April-June quarter. The company had posted a consolidated net profit of Rs 69.06 crore in the same quarter of the previous fiscal, Jubilant FoodWorks Ltd [...]
Bajaj Finserv on Thursday reported a 57 per cent jump in net profit at Rs 1,309 crore in the first quarter ended June 30, on healthy earnings by its subsidiary companies. In the year-ago period, the company had posted a net profit of Rs 833 crore. Company's consolidated total income during April-June period of 2022-23 [...]
The Directorate General of Civil Aviation (DGCA), on Wednesday, in an unprecedented action ordered low-cost carrier SpiceJet to operate only 50% of its flights for eight weeks. Several planes of the airline reported technical malfunction recently. The airline’s shares plunged by nearly 10% during early trades on Thursday, to reach their two-year low of ₹ [...]
The government and the Life Insurance Corporation of India (LIC) may sell up to 65% of their stake in IDBI Bank before the end of the current financial year. These majority stakeholders will have to do a basic benchmark in terms of ceding ownership in the bank. The process may start with 51% odd and [...]
FMCG major Nestle India Ltd on Thursday reported a decline of 4.31 per cent in its net profit at Rs 515.34 crore for the second quarter ended June 30, 2022. The company, which follows the January-December financial year, had posted a net profit of Rs 538.58 crore in the corresponding period a year ago, Nestle [...]
