The stock of the nation’s largest gold loan NBFC, Muthoot Finance declined almost 15% in the early hours of trading on Tuesday. As of 9:40 IST, the scrip hit its low of ₹1,009.30 per share, down 14.99% from its previous close of ₹ 1,187. Muthoot Finance is a large-cap financial services company with a market [...]
The nation's second-largest state explorer, Oil India Limited’s shares gained almost 4% during the day and quoted 1.17% higher at ₹190.15 on Friday’s closing bell. This happened after the company reported robust earnings for Q1FY23. The company’s net profit tripled to ₹ 1555.46 crores in the April to June quarter of 2022 from ₹ 507.94 [...]
The shares of Torrent Pharmaceuticals Ltd gave multibagger returns in the past twenty years as they appreciated by 12,998.24% from ₹ 11.91 to ₹ 1560.00 apiece! This explains why staying invested in a company for the long term can pay off really well. If an investor had invested ₹ 1,00,000 in the company's shares on [...]
Indian shares were trading lower on Monday, weighed down by a fall in the country's top lender State Bank of India by nearly 3% after weak quarterly earnings. The benchmark gauges, NSE Nifty and BSE Sensex edged higher on Friday, amid choppy trade, tracking mixed moves across global equities. Gains were observed in banking and [...]
Small cap stocks are generally preferred by investors who want to generate higher returns from their investments. However, with high reward comes high risk. Small cap stocks generally tend to fluctuate more as the markets move. Therefore it is imperative to check the financials of the company before investing in them. Here are four debt-free [...]
Veteran stock market investor Rakesh Jhunjhunwala, often referred to as India's Warren Buffett and whose net worth was USD 5.8 billion, died here on Sunday morning. He was 62. Jhunjhunwala died early in the morning due to a cardiac arrest, a source in his newly set up airline said. Often referred to as 'India's Warren [...]
It is raining profits on Dalal Street as the companies roll out strong Q1FY23 results. So far the June quarter results of most the companies are positive with some giving excellent figures. This has uplifted the market sentiment and translated into good returns for shareholders of the companies. Bharat Forge The shares of Bharat Forge [...]
The Nifty 50 index is generally rebalanced every quarter and semi-annually. As a part of its periodic review, the next rebalancing of Nifty is about to take place in August 2022 which will be effective from September 30th, 2022. These changes will take into account the average Free Float (FF) market capitalisation for the period [...]
The shares of Wonderla Holidays, a small-cap amusement parks operator hit the upper circuit of 20% on Thursday. The stock advanced Rs. 55.80 or 19.99% to touch hits 52-week high of Rs. 334.95 per share. The company declared its results at 1:30 PM IST after which the stock surged to hit its upper circuit limit. [...]
Shares of Oil India Ltd (OIL) gained 3.56 per cent in morning trade on Friday after the nation's second-largest state explorer reported strong June quarter results. On BSE, shares of OIL opened on a strong note at Rs 190, then gained more ground to touch Rs 194.65, registering a jump of 3.56 per cent over [...]
