The country's largest IT services exporter TCS on Monday reported a 10.98 per cent jump in the December quarter (Q3FY23) net profit to ₹ 10,846 crore, led by overall growth and forex gains. The company reported a post-tax net profit of ₹ 9,769 crore in the corresponding period a year ago. The Tata group company’s [...]
Reliance Capital, promoted by Anil Dhirubhai Ambani Group, saw its share hit an upper circuit of 5 percent yet again on Monday at Rs 11.15. The shares have been consecutively rising by 5 percent for the past six trading days and have gained approximately 28 percent. The stock gains as the war between two prospective [...]
The shares of Pacific Industries Ltd. zoomed 9.27% on Monday to reach an intraday high of ₹ 459.90 apiece. Its shares were trading at ₹ 449.00 apiece at 02:53 PM on Monday. Pacific Industries manufactures, processes and trades marble, granite and stone. The company informed the exchanges that its board has approved the issuance of [...]
The shares of PTC India Ltd hit an upper circuit of 5 percent at Rs 87.40 levels on Monday’s session. The shares rallied after word hit the street that Gautam Adani is eyeing to buy a stake in the small-cap power trading company, Bloomberg reported. As per reports, the deal would help the Adani group [...]
The shares of Canara Bank gained 2.33% on Monday’s early trades to reach an intraday high of ₹ 327.90 after an ace investor increased their stake in the state-run lender. According to the shareholding pattern of the bank, the ace investor has bought 1,07,20,200 shares. Late market mogul Rakesh Jhunjhunwala’s estate including shares and property [...]
Penny stocks are known to deliver high returns in a shorter time period as these stocks tend to hit circuits more often. Penny stocks have a market capitalization of less than Rs 500 Crore and have a share price lesser than Rs 100. These companies tend to have zero or negative sales and profits and [...]
The shares of Ultracab (India) Limited opened at Rs 29.65 levels and added as much as 14 percent to reach a high of Rs 32.70 in the early hours of Monday. The shares rallied after the company bagged an order worth Rs 22.88 Crores from Tata Power, India’s largest integrated power company. Ultracab is the [...]
The shares of Raghav Productivity Enhancers Ltd, a small-cap multibagger stock were in the green after two ace investors, Ashish Kacholia and Mukul Agrawal bought a fresh stake in the company.Raghav Productivity Enhancers manufactures ramming mass and other quartz-related products. It manufactures, supplies and exports silica (acidic) ramming mass. Ramming mass is used as a [...]
Upcoming key US jobs data is expected to be encouraging which would influence the next Fed’s policy. The market already remains sensitive to FIIs selling and IT stocks traded with deep cuts ahead of the release of corporate earnings next week as the growth is anticipated to be muted. Geojit Financial Services As markets remain [...]
Eight of the top 10 most valued firms faced a combined erosion of Rs 1,06,991.42 crore in market valuation last week, with IT majors Infosys and Tata Consultancy Services along with HDFC Bank taking the biggest hit. Last week, the Sensex declined 940.37 points or 1.55 per cent. Barring Hindustan Unilever and Life Insurance Corporation [...]
