Dolly Khanna, a Chennai-based investor is known for investing in small-cap stocks that tend to generate very good returns in the long term. A good number of retail investors stay updated about the changes in her portfolio. She has invested in the shares of Chennai Petroleum Corporation Ltd., Manali Petrochemicals Ltd. and National Oxygen Ltd. [...]
JSW Steel on Friday posted over 85 per cent fall in its consolidated net profit at Rs 839 crore during the June 2022 quarter, mainly on account of higher expenses. The company's profit stood at Rs 5,900 crore during the April-June period of the preceding 2021-22 fiscal, JSW Steel said in a regulatory filing. However, [...]
HDFC Asset Management Company (AMC) on Friday reported a 9 per cent decline in profit after tax at Rs 314.2 crore in the three months ended June 2022. In comparison, the asset management firm had posted a Profit After Tax (PAT) of Rs 345.4 crore in the year-ago period, HDFC AMC said in a regulatory [...]
Benchmark indices rallied on Friday with the BSE Sensex climbing over 390 points to settle above the 56,000-mark amid fresh buying by foreign funds and largely positive global market trends. Intense buying in banking and finance counters also drove the indices higher. Rising for the sixth straight session, the 30-share BSE benchmark jumped 390.28 points [...]
Experts say that fresh buying in auto stocks, especially M&M, Tata Motors, Hero Motocorp and Maruti Suzuki led to a surge in the Nifty auto index. The index is at 12,649.10 points, very close to its lifetime high of 12,660 levels. The Nifty Auto Index has generated alpha returns as compared to the returns of [...]
Aditya Birla group firm UltraTech Cement on Friday reported a decline of 6.94 per cent in its consolidated net profit at Rs 1,582.02 crore in the June 2022 quarter, impacted by inflationary trends. The company had posted a net profit of Rs 1,700.03 crore in the April-June period a year ago, UltraTech Cement said in [...]
Zomato Limited was listed on the bourses on 23rd July 2021. This means that the one-year lock-in period for the employees and others will end on July 23, 2022. Analysts have cautioned investors that there is a sell-off risk in the stock in the short to medium term which can drive the share price southwards. [...]
The shares of Gujarat State Fertilizers&Chemicals Ltd (GSFC) opened at Rs 154 on the last trading session of the week. Till 12.30 pm the stock price has risen by more than 14% and was trading at Rs 162 levels. The spike is mainly because their consolidated net profit soared by more than 14.19% to Rs [...]
JSW Energy on Thursday said its net profit jumped 179 per cent to Rs 560 crore in the June quarter, mainly on the back of higher revenues. "Profit After Tax (PAT) stood at Rs 560 crore, which was 179 per cent higher YoY (year on year) compared to a PAT of Rs 201 crore in [...]
Leading FMCG company Emami on Thursday announced to acquire a 30 per cent stake in a pet-care startup Cannis Lupus Services India for an undisclosed amount. Cannis Lupus Services India offers Ayurvedic remedies for pets under the brand "Fur Ball Story". It uses a wide range of plants and herbs to formulate its medicines, said [...]
