As the southwest monsoon has hit Kerala, a few farm-related stocks are back to focus. Good monsoons tend to increase rural demand, and analysts say that if the monsoon goes well this year, one may see a lift in farm income and thus the demand especially when the food prices are rising. "Normal to good [...]
Toyota Kirloskar Motor (TKM) on Wednesday reported an over 14-fold increase in total vehicle sales to 10,216 units in May, as compared to the same month last year. The company had dispatched just 707 units to dealerships in May last year amid the second wave of the COVID-19 pandemic. "Demand continues to peak as we [...]
The shares of Adani Green Energy plunged 12.21% on Tuesday’s intraday trade, wiping off $10.6 billion in market cap. They reached a low of ₹1833.10 and a high of ₹2140.00 during the day. The shares changed 1,48,97,503 hands before they closed at ₹1888.95 apiece. The shares are currently trading at ₹1861.80 levels. In the past [...]
Bajaj Auto on Wednesday reported a marginal growth in its total vehicle sales at 2,75,868 units in May, as against 2,71,862 vehicles sold in the year-ago period. Total domestic sales, including commercial vehicles, surged 85 per cent to 1,12,308 units, as against 60,830 vehicles sold in May 2021, while exports declined 22 per cent to [...]
Shares of digital signature certificate provider eMudhra Ltd on Wednesday listed with a premium of nearly 6 per cent against the issue price of Rs 256. The stock made its debut at Rs 271, registering a gain of 5.85 per cent over the issue price on the BSE. It later jumped 8.98 per cent to [...]
The Department of Investment and Public Asset Management (DIPAM) said that the government has called off the present expression of interest (EoI) process for strategic disinvestment of state-run refiner BPCL following multiple waves of COVID-19 and the geopolitical crisis between Russia and Ukraine that affected the oil and gas industry amongst others. This happened after [...]
MG Motor India on Wednesday reported a two-fold increase in its retail sales at 4,008 units in May. The company had sold 1,016 units in the same month last year, MG Motor India said in a statement. The automaker had sold 2,008 units in April, 2022. This growth demonstrates improvement in chip availability, and the [...]
Coffee Day Global Ltd, which owns and operates popular coffee chain CCD, has posted a net profit of Rs 65.40 crore for the fourth quarter ended on March 31, 2022. It had posted a net loss of Rs 94.81 crore in the January-March quarter in FY21 and a net loss of Rs 94.81 in the [...]
Maruti Suzuki India (MSI) wants the government to reconsider the proposal to make six airbags mandatory in passenger vehicles, saying the norm will adversely hit the already shrinking small car market and may even impact jobs in the auto sector going ahead. The auto major noted that the regulation would largely impact the cost-sensitive entry-level [...]
IKEA India (part of the Ingka Group), Swedish home furnishings retailer, said on Tuesday it will launch its first store in the city, on June 22. The large-format store will be connected to the Nagasandra metro station, it said in a statement. IKEA India also announced Anje Heim as the Market Manager for the Karnataka [...]
